# EDGAR Filing Document

**Accession Number:** 0000787441
**File Stem:** 0001752724-25-152807
**Filing Date:** 2025-6
**Character Count:** 185790
**Document Hash:** 0e769c0cc70eaba6f2610151ec1139db
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-152807.hdr.sgml**: 20250624

**ACCESSION NUMBER**: 0001752724-25-152807

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250624

**DATE AS OF CHANGE**: 20250624

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEW YORK LIFE INVESTMENTS FUNDS
- **CENTRAL INDEX KEY:** 0000787441

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04550
- **FILM NUMBER:** 251067599

**BUSINESS ADDRESS:**
- **STREET 1:** 51 MADISON AVE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** 2125767000

**MAIL ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAINSTAY FUNDS
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MACKAY SHIELDS MAINSTAY SERIES FUND /NY/
- **DATE OF NAME CHANGE:** 19911126

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MACKAY SHIELDS SERIES FUND
- **DATE OF NAME CHANGE:** 19860506

## Series and Classes Contracts Data

### NYLI MacKay U.S. Infrastructure Bond Fund (Series ID: S000006895)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000018689 | Class A        | MGVAX           |
| C000018691 | Class C        | MGVCX           |
| C000018692 | Class I        | MGOIX           |
| C000060791 | INVESTOR CLASS | MGVNX           |
| C000185556 | Class R6       | MGVDX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** NEW YORK LIFE INVESTMENTS FUNDS

- **b. Investment Company Act file number:** 811-04550

- **c. CIK number of Registrant:** 0000787441

- **d. LEI of Registrant:** 549300PAI7XEJSNBJ671

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

  - **Street Address 1:** 51 Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 212-576-7000

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

- **a. Name of Series:** NYLI MacKay U.S. Infrastructure Bond Fund

- **b. EDGAR series identifier (if any):** S000006895

- **c. LEI of Series:** 549300VGQDBBMXRHHU10

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1588625611.56

**Total Liabilities:** $70124907.32

**Net Assets:** $1518500704.24

**Delayed Delivery Securities:** $9416280.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -10.73000000 | **1-Year:** -7383.28000000 | **5-Year:** -278825.89000000 | **10-Year:** -506371.96000000 | **30-Year:** -152435.89000000

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

- **3-Month:** -177.45000000 | **1-Year:** -900.19000000 | **5-Year:** -3345.93000000 | **10-Year:** -14011.64000000 | **30-Year:** -2796.17000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018689 | 2.23%                | 0.10%                | 0.62%                |
| Class ID C000018691 | 2.16%                | 0.02%                | 0.66%                |
| Class ID C000018692 | 2.36%                | -0.01%               | 0.76%                |
| Class ID C000185556 | 2.23%                | -0.00%               | 0.77%                |
| Class ID C000060791 | 2.34%                | -0.05%               | 0.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-346433.81              | $27942126.29                               |
| Month 2  | $2071800.74              | $-6767723.63                               |
| Month 3  | $-79387.35               | $5275803.19                                |

**Designated Index Information**

- **Index Name:** Bloomberg Municipal Bond - Taxable (5-10 Y)

- **Index Identifier:** LEH__LHMN22078

### Schedule of Portfolio Investments

| Name                                                                                  | Title                                                                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| City of Los Angeles                                                                   | City of Los Angeles, Series A                                                         | CUSIP: 544351RS0<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   6895000 | PA      | $7266190.95   | 0.48%             | 2032-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Oakland Unified School District/Alameda County                                        | Oakland Unified School District                                                       | CUSIP: 672325P35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7405000 | PA      | $6218376.15   | 0.41%             | 2035-08-01      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| Sumter Landing Community Development District                                         | Sumter Landing Community Development District                                         | CUSIP: 86657MCF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1783304.43   | 0.12%             | 2034-10-01      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                         | Alabama Federal Aid Highway Finance Authority, Series B                               | CUSIP: 010268CR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $277297.22    | 0.02%             | 2029-09-01      | Fixed         | 1.86%                 | No            |                  2 | On Loan: No      |
| City of Miramar                                                                       | City of Miramar                                                                       | CUSIP: 604633BK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1970000 | PA      | $1639764.96   | 0.11%             | 2034-10-01      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                                   | State of New Jersey, Series A                                                         | CUSIP: 646039YA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3552358.29   | 0.23%             | 2031-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                       | Indianapolis Local Public Improvement Bond Bank, Series A-2                           | CUSIP: 45528S4Y9<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   4315000 | PA      | $4465239.24   | 0.29%             | 2030-01-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                                     | State of California Department of Water Resources, Series BE                          | CUSIP: 13067WTD4<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $6212664.00   | 0.41%             | 2033-12-01      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Authority | Louisiana Local Government Environmental Facilities & Community Development Authority | CUSIP: 54627RAS9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   7575000 | PA      | $7753729.10   | 0.51%             | 2034-12-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Toll Road Investors Partnership II LP                                                 | Toll Road Investors Partnership II LP                                                 | CUSIP: 88948ABR7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $3588392.10   | 0.24%             | 2039-02-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| City of Baltimore                                                                     | City of Baltimore, Series B                                                           | CUSIP: 059231Y61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1774616.25   | 0.12%             | 2043-07-01      | Fixed         | 2.86%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                               | Municipal Electric Authority of Georgia, Series A                                     | CUSIP: 37329DBT3<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   2955000 | PA      | $3121239.73   | 0.21%             | 2035-01-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                        | State of Texas                                                                        | CUSIP: 882724U39<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   7470000 | PA      | $7689123.49   | 0.51%             | 2032-10-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                                  | State of Mississippi, Series B                                                        | CUSIP: 605581PJ0<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |   2135000 | PA      | $1918066.49   | 0.13%             | 2030-06-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| University of Massachusetts Building Authority                                        | University of Massachusetts Building Authority, Series 4                              | CUSIP: 914437VD7<br>LEI: 6ILE2573NPR1XO2TR556 | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2021478.41   | 0.13%             | 2031-11-01      | Fixed         | 2.01%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade                                                                  | County of Miami-Dade, Series B                                                        | CUSIP: 59334PJT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5820000 | PA      | $4328329.93   | 0.29%             | 2042-07-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Texas Department of Housing & Community Affairs                                       | Texas Department of Housing & Community Affairs, Series D                             | CUSIP: 88275FZU6<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2628149.00   | 0.17%             | 2053-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                                  | Pennsylvania Higher Educational Facilities Authority, Series C                        | CUSIP: 70917TSP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2171347.57   | 0.14%             | 2037-11-01      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| Port Authority of Guam                                                                | Port Authority of Guam, Series C                                                      | CUSIP: 400652AY9<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   1000000 | PA      | $1001436.70   | 0.07%             | 2028-07-01      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| Frisco Community Development Corp.                                                    | Frisco Community Development Corp.                                                    | CUSIP: 358781ED0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2935000 | PA      | $2925708.08   | 0.19%             | 2036-02-15      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Frisco Community Development Corp.                                                    | Frisco Community Development Corp.                                                    | CUSIP: 358781EB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1025252.90   | 0.07%             | 2034-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                | California Statewide Communities Development Authority                                | CUSIP: 13080SZE7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1660079.70   | 0.11%             | 2030-11-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| City of New York                                                                      | City of New York, Series B-2                                                          | CUSIP: 64966Q7N4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3730000 | PA      | $3934248.09   | 0.26%             | 2030-10-01      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| Savannah Hospital Authority                                                           | Savannah Hospital Authority, Series B                                                 | CUSIP: 804833FF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $884730.50    | 0.06%             | 2038-07-01      | Fixed         | 3.99%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                                  | State of Connecticut, Series A                                                        | CUSIP: 20772KTP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5060000 | PA      | $5083466.26   | 0.33%             | 2032-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Central Florida Tourism Oversight District                                            | Central Florida Tourism Oversight District, Series A                                  | CUSIP: 758449SG8<br>LEI: 549300DLSKH6SZ96KV94 | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1326456.58   | 0.09%             | 2035-06-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                       | State of Hawaii, Series GM                                                            | CUSIP: 419792M78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2047024.00   | 0.13%             | 2032-10-01      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                               | South Carolina Public Service Authority, Series F                                     | CUSIP: 837151SW0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   3690000 | PA      | $3827499.73   | 0.25%             | 2030-01-01      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                       | State of Oregon, Series B                                                             | CUSIP: 68609UNN1<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2069817.80   | 0.14%             | 2035-05-01      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| County of Allegheny                                                                   | County of Allegheny, Series C-79                                                      | CUSIP: 01728VVQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $881267.30    | 0.06%             | 2030-11-01      | Fixed         | 1.79%                 | No            |                  2 | On Loan: No      |
| St Joseph County Redevelopment Authority                                              | St Joseph County Redevelopment Authority, Series B                                    | CUSIP: 79062DAV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1171916.90   | 0.08%             | 2032-02-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                       | State of Oregon, Series B                                                             | CUSIP: 68609UNM3<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2413894.68   | 0.16%             | 2034-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| City of Atlanta Water & Wastewater                                                    | City of Atlanta                                                                       | CUSIP: 047870SM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7250000 | PA      | $6531667.10   | 0.43%             | 2029-11-01      | Fixed         | 1.64%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series B                                          | CUSIP: 64990GWU2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   6430000 | PA      | $5925189.70   | 0.39%             | 2030-07-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No. 1                                            | Denver City & County School District No. 1, Series B                                  | CUSIP: 249218AK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3875000 | PA      | $4409403.58   | 0.29%             | 2037-12-15      | Fixed         | 7.02%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                       | California Community Choice Financing Authority, Series B                             | CUSIP: 13013JEA0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   7545000 | PA      | $7786204.60   | 0.51%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston Airport System                                                        | City of Houston Airport System, Series C                                              | CUSIP: 442349EU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1279724.38   | 0.08%             | 2032-07-01      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| City of Springdale Sales & Use Tax                                                    | City of Springdale, Series A                                                          | CUSIP: 850269EW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1565908.65   | 0.10%             | 2030-08-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Silicon Valley Clean Water                                                            | Silicon Valley Clean Water, Series A                                                  | CUSIP: 82707BDT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3035000 | PA      | $2653805.82   | 0.17%             | 2031-08-01      | Fixed         | 1.96%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp.                                                        | Sales Tax Securitization Corp., Series B                                              | CUSIP: 79467BDT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $7848012.60   | 0.52%             | 2031-01-01      | Fixed         | 2.86%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                                  | State of Connecticut, Series A                                                        | CUSIP: 20772KZN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3063534.60   | 0.20%             | 2032-03-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                                            | Intermountain Power Agency, Series B                                                  | CUSIP: 45884AH55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2520000 | PA      | $2537829.76   | 0.17%             | 2035-07-01      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                         | Alabama Federal Aid Highway Finance Authority, Series B                               | CUSIP: 010268EK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $812982.84    | 0.05%             | 2032-09-01      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| Illinois Municipal Electric Agency                                                    | Illinois Municipal Electric Agency, Series C                                          | CUSIP: 452024GT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6315000 | PA      | $6716845.55   | 0.44%             | 2035-02-01      | Fixed         | 6.83%                 | No            |                  2 | On Loan: No      |
| Sumter Landing Community Development District                                         | Sumter Landing Community Development District                                         | CUSIP: 86657MCG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1521788.40   | 0.10%             | 2035-10-01      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| Glendale Community College District                                                   | Glendale Community College District                                                   | CUSIP: 378394KD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2545000 | PA      | $2139057.23   | 0.14%             | 2034-08-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| New York State Energy Research & Development Authority                                | New York State Energy Research & Development Authority, Series A                      | CUSIP: 64985VBC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022056.40   | 0.07%             | 2033-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Nuveen Taxable Municipal Income Fund                                                  | Nuveen Taxable Municipal Income Fund                                                  | CUSIP: 67074C103<br>LEI: CGX4I2YMRMYU5022FW76 | Long             |  | RF                | US        |    156775 | NS      | $2464503.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Rhode Island Student Loan Authority                                                   | Rhode Island Student Loan Authority, Series 1                                         | CUSIP: 762323CV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1469890.80   | 0.10%             | 2033-12-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                       | State of Hawaii, Series GM                                                            | CUSIP: 419792M52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4122664.40   | 0.27%             | 2030-10-01      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia                                                                  | City of Philadelphia, Series B                                                        | CUSIP: 717813ZP7<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1989552.15   | 0.13%             | 2030-07-15      | Fixed         | 1.74%                 | No            |                  2 | On Loan: No      |
| City of New York                                                                      | City of New York, Series D-3                                                          | CUSIP: 64966QKS8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $868022.70    | 0.06%             | 2031-03-01      | Fixed         | 1.97%                 | No            |                  2 | On Loan: No      |
| Glendale Community College District                                                   | Glendale Community College District                                                   | CUSIP: 378394JZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1357096.95   | 0.09%             | 2030-08-01      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                                    | State of Louisiana, Series C-1                                                        | CUSIP: 546417DW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3710000 | PA      | $3226587.74   | 0.21%             | 2031-06-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Marshfield Clinic Health System, Inc.                                                 | Marshfield Clinic Health System, Inc., Series 2024                                    | CUSIP: 57284PAD3<br>LEI: 2549003O8PPHLLPAKT93 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $9162782.55   | 0.60%             | 2034-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Port of Oakland                                                                       | Port of Oakland, Series R                                                             | CUSIP: 735000TU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    964097 | PA      | $821385.61    | 0.05%             | 2032-05-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                                | Colorado Housing and Finance Authority, Series H-1, Class I                           | CUSIP: 19648GH88<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6375558.60   | 0.42%             | 2055-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                     | Florida Development Finance Corp., Series B                                           | CUSIP: 34061QBV8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2224456.75   | 0.15%             | 2032-02-01      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                          | New York City Transitional Finance Authority, Series G-3                              | CUSIP: 64972JHD3<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3279991.33   | 0.22%             | 2035-05-01      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                                | Illinois Housing Development Authority, Series B                                      | CUSIP: 45203MM57<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2487704.52   | 0.16%             | 2034-10-01      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Cornell University                                                                    | Cornell University                                                                    | CUSIP: 219207AC1<br>LEI: 549300ZZIJPNT0RZWP17 | Long             | DBT              | CORP              | US        |   4335000 | PA      | $4294144.06   | 0.28%             | 2034-06-15      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| County of King Sewer                                                                  | County of King, Series A                                                              | CUSIP: 495290DX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1880000 | PA      | $1533226.67   | 0.10%             | 2034-07-01      | Fixed         | 2.09%                 | No            |                  2 | On Loan: No      |
| Charter Oak Unified School District                                                   | Charter Oak Unified School District                                                   | CUSIP: 161285SK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1101242.53   | 0.07%             | 2034-08-01      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                                  | Chicago O'Hare International Airport, Series D                                        | CUSIP: 167593T77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10040000 | PA      | $8675681.47   | 0.57%             | 2033-01-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports Customer Facility Charge                   | City of Los Angeles Department of Airports Customer Facility Charge, Series A         | CUSIP: 54445CAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5410000 | PA      | $5019736.13   | 0.33%             | 2032-05-15      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                        | State of Texas Transportation Commission                                              | CUSIP: 882724QP5<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1808643.15   | 0.12%             | 2044-04-01      | Fixed         | 3.21%                 | No            |                  2 | On Loan: No      |
| City of Oakland                                                                       | City of Oakland, Series A-2                                                           | CUSIP: 672240YY8<br>LEI: 549300BRTTFKDQCGL048 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045499.30   | 0.07%             | 2031-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management - Institutional Shares                             | Dreyfus Government Cash Management - Institutional Shares                             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |  76534709 | NS      | $76534708.91  | 5.04%             |  |  |  | No            |                  1 | On Loan: No      |
| New York City Transitional Finance Authority                                          | New York City Transitional Finance Authority, Series G-3                              | CUSIP: 64972JHC5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2532487.50   | 0.17%             | 2034-05-01      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                                  | Oregon State Lottery, Series B                                                        | CUSIP: 68607V7C3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014377.00   | 0.07%             | 2034-04-01      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Port of Morrow                                                                        | Port of Morrow                                                                        | CUSIP: 73474TAV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4087096.80   | 0.27%             | 2030-09-01      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                          | New York City Transitional Finance Authority, Series G-2                              | CUSIP: 64972JHA9<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5108337.00   | 0.34%             | 2032-05-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp.                                                         | Florida Housing Finance Corp., Series 2                                               | CUSIP: 34074M2S9<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2490109.84   | 0.16%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                          | Massachusetts Port Authority, Series C                                                | CUSIP: 575896WK7<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1394789.01   | 0.09%             | 2031-07-01      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| San Diego Community College District                                                  | San Diego Community College District, Series A-2                                      | CUSIP: 797272TL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1326564.72   | 0.09%             | 2031-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp.                                                                    | Utah Housing Corp., Series J                                                          | CUSIP: 917437QL2<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   2725000 | PA      | $2871198.70   | 0.19%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                                  | Oregon State Lottery, Series B                                                        | CUSIP: 68607V7E9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3195000 | PA      | $3249368.36   | 0.21%             | 2036-04-01      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Oglethorpe Power Corp.                                                                | Oglethorpe Power Corp.                                                                | CUSIP: 67704LAA9<br>LEI: 3EERXCUSWMS9GV5D9M98 | Long             | DBT              | MUN               | US        |  11595000 | PA      | $11955795.82  | 0.79%             | 2035-01-01      | Fixed         | 5.53%                 | Yes           |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                                | Colorado Housing and Finance Authority, Series G-1, Class I                           | CUSIP: 19648GA93<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3201756.60   | 0.21%             | 2055-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu                                                             | City & County of Honolulu, Series D                                                   | CUSIP: 4386706C0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1980000 | PA      | $1872648.16   | 0.12%             | 2030-10-01      | Fixed         | 3.07%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                                  | State of Connecticut, Series A                                                        | CUSIP: 20772KKC2<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   3805000 | PA      | $3532601.19   | 0.23%             | 2030-07-01      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                   | U.S. Treasury 10 Year Ultra Bonds                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -306 | NC      | $-314506.92   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Sales Tax Securitization Corp.                                                        | Sales Tax Securitization Corp., Series B                                              | CUSIP: 79467BGA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5450000 | PA      | $5540496.16   | 0.36%             | 2031-01-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                                  | Oregon State Lottery, Series B                                                        | CUSIP: 68607V7G4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2651787.58   | 0.17%             | 2038-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| JobsOhio Beverage System                                                              | JobsOhio Beverage System                                                              | CUSIP: 47770VBR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11265000 | PA      | $11268313.04  | 0.74%             | 2033-01-01      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| Massachusetts Clean Water Trust (The)                                                 | Massachusetts Clean Water Trust (The), Series 15-B                                    | CUSIP: 57604P5P5<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |  12425000 | PA      | $12402858.65  | 0.82%             | 2040-08-01      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| State of California                                                                   | State of California, Series B                                                         | CUSIP: 13063EBP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3127079.70   | 0.21%             | 2029-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                               | New York City Housing Development Corp., Class A                                      | CUSIP: 64966TGS7<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4107579.20   | 0.27%             | 2031-12-15      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                                   | California State Public Works Board, Series B                                         | CUSIP: 13068XLP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4081052.80   | 0.27%             | 2032-04-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                            | Tarrant County Cultural Education Facilities Finance Corp.                            | CUSIP: 87638QRG6<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1100564.08   | 0.07%             | 2035-09-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| President and Fellows of Harvard College                                              | President and Fellows of Harvard College                                              | CUSIP: 740816AD5<br>LEI: 6S3X7J22E861RNTJSA74 | Long             | DBT              | CORP              | US        |   1205000 | PA      | $1279825.09   | 0.08%             | 2038-10-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                     | State of Illinois                                                                     | CUSIP: 452227JN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24663333 | PA      | $23964470.64  | 1.58%             | 2038-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Hemet Unified School District                                                         | Hemet Unified School District                                                         | CUSIP: 423542RX9<br>LEI: 54930041KL801EWMW566 | Long             | DBT              | MUN               | US        |   5285000 | PA      | $4797161.20   | 0.32%             | 2029-08-01      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                              | Metropolitan Pier & Exposition Authority, Series B                                    | CUSIP: 59225CAX6<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |  12380000 | PA      | $13255441.80  | 0.87%             | 2033-06-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                                   | California Public Finance Authority, Series B                                         | CUSIP: 13057EJM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10190481.00  | 0.67%             | 2034-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                             | Alameda Corridor Transportation Authority, Series C                                   | CUSIP: 010869CH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17000000 | PA      | $11505350.10  | 0.76%             | 2033-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                               | County of Miami-Dade Seaport Department, Series A-3                                   | CUSIP: 59335KCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3378305.20   | 0.22%             | 2032-10-01      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                               | Dallas Fort Worth International Airport, Series C                                     | CUSIP: 2350368H6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4300000 | PA      | $3660486.80   | 0.24%             | 2033-11-01      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| Port Arthur Independent School District                                               | Port Arthur Independent School District, Series A                                     | CUSIP: 733505UH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2281753.20   | 0.15%             | 2038-02-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                         | Commonwealth of Massachusetts, Series A                                               | CUSIP: 576004HE8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  11225000 | PA      | $11045761.45  | 0.73%             | 2029-07-15      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| County of Santa Clara                                                                 | County of Santa Clara, Series C                                                       | CUSIP: 801546SU7<br>LEI: 254900JSVO2QQ5A3DV83 | Long             | DBT              | MUN               | US        |   3670000 | PA      | $3667151.71   | 0.24%             | 2035-08-01      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                       | State of Oregon, Series C                                                             | CUSIP: 68609TP51<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $886786.00    | 0.06%             | 2031-05-01      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                                  | Guam Government Waterworks Authority, Series B                                        | CUSIP: 40065FDH4<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   2620000 | PA      | $2258430.83   | 0.15%             | 2034-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                       | State of Hawaii, Series FZ                                                            | CUSIP: 419792ZD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3475000 | PA      | $2541739.41   | 0.17%             | 2038-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                                | Illinois Housing Development Authority, Series B                                      | CUSIP: 45203MM65<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   2315000 | PA      | $2348991.38   | 0.15%             | 2035-04-01      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| City of Columbus                                                                      | City of Columbus, Series D                                                            | CUSIP: 1994922A6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1081227.67   | 0.07%             | 2035-04-01      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| City of San Francisco                                                                 | City of San Francisco, Series B                                                       | CUSIP: 79765RSV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5190706.50   | 0.34%             | 2040-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Contra Costa Transportation Authority Sales Tax                                       | Contra Costa Transportation Authority Sales Tax, Series B                             | CUSIP: 21221MGL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1309749.53   | 0.09%             | 2034-03-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia Water & Wastewater                                               | City of Philadelphia, Series B                                                        | CUSIP: 717893R86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $900858.50    | 0.06%             | 2031-11-01      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| Iowa Student Loan Liquidity Corp.                                                     | Iowa Student Loan Liquidity Corp., Series A                                           | CUSIP: 462590NZ9<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3163073.28   | 0.21%             | 2034-12-01      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                                  | Massachusetts Housing Finance Agency, Series 240                                      | CUSIP: 57587GT62<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5330221.50   | 0.35%             | 2054-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                                  | State of Connecticut, Series A                                                        | CUSIP: 20772KTM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7138503.40   | 0.47%             | 2030-05-15      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| Advocate Health & Hospitals Corp.                                                     | Advocate Health & Hospitals Corp.                                                     | CUSIP: 007589AA2<br>LEI: 549300AEHU3PPOUCIL87 | Long             | DBT              | CORP              | US        |   1590000 | PA      | $1571089.65   | 0.10%             | 2028-08-15      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| University of Pittsburgh-of the Commonwealth System of Higher Education               | University of Pittsburgh-of the Commonwealth System of Higher Education, Series C     | CUSIP: 91335VKT2<br>LEI: 5493002C83QSGL8ETT42 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1735204.80   | 0.11%             | 2033-09-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| San Mateo County Community College District                                           | San Mateo County Community College District                                           | CUSIP: 799038PC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2444129.45   | 0.16%             | 2045-09-01      | Fixed         | 2.92%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                                  | Oregon State Lottery, Series B                                                        | CUSIP: 68607V7F6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5105000 | PA      | $5184542.03   | 0.34%             | 2037-04-01      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                                   | State of New Jersey, Series A                                                         | CUSIP: 646039YF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5180000 | PA      | $4586986.35   | 0.30%             | 2033-06-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Sumter Landing Community Development District                                         | Sumter Landing Community Development District                                         | CUSIP: 86657MCD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1275230.75   | 0.08%             | 2032-10-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| State of New York Mortgage Agency Homeowner Mortgage                                  | State of New York Mortgage Agency Homeowner Mortgage, Series 268                      | CUSIP: 64988YJ99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6410100.60   | 0.42%             | 2055-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                              | New Hampshire Business Finance Authority, Series A                                    | CUSIP: 63610HAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22200000 | PA      | $23049502.98  | 1.52%             | 2034-04-01      | Fixed         | 6.89%                 | Yes           |                  2 | On Loan: No      |
| City of New York                                                                      | City of New York, Series D-2                                                          | CUSIP: 64966QJL5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2180854.27   | 0.14%             | 2030-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| City of New York                                                                      | City of New York, Series H                                                            | CUSIP: 64966SNE2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4632921.00   | 0.31%             | 2038-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| State of California                                                                   | State of California                                                                   | CUSIP: 13063EHV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7615239.75   | 0.50%             | 2035-09-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                              | Arizona Industrial Development Authority                                              | CUSIP: 04052BKQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1637827.36   | 0.11%             | 2034-10-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| County of Bexar                                                                       | County of Bexar                                                                       | CUSIP: 088518PD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2805000 | PA      | $2325551.45   | 0.15%             | 2034-08-15      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| State of California                                                                   | State of California                                                                   | CUSIP: 13063D7G7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4118735.60   | 0.27%             | 2041-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                                  | Oregon State Lottery, Series B                                                        | CUSIP: 68607V7D1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507682.90    | 0.03%             | 2035-04-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| Sumter Landing Community Development District                                         | Sumter Landing Community Development District                                         | CUSIP: 86657MCC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1533255.15   | 0.10%             | 2031-10-01      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                         | Commonwealth of Massachusetts, Series E                                               | CUSIP: 57582R4K9<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9526950.00   | 0.63%             | 2029-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                                  | State of Connecticut, Series A                                                        | CUSIP: 20772KQN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4564566.66   | 0.30%             | 2030-06-15      | Fixed         | 4.06%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                         | Alabama Federal Aid Highway Finance Authority, Series B                               | CUSIP: 010268EL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4220.76      | 0.00%             | 2033-09-01      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| Port of Morrow                                                                        | Port of Morrow, Series 1                                                              | CUSIP: 73474TAP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6001000 | PA      | $4967523.38   | 0.33%             | 2036-09-01      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| Matching Fund Special Purpose Securitization Corp.                                    | Matching Fund Special Purpose Securitization Corp., Series B                          | CUSIP: 57665NAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |   5625000 | PA      | $5625457.88   | 0.37%             | 2025-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                               | Massachusetts Water Resources Authority, Series E                                     | CUSIP: 576051VK9<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |   2015000 | PA      | $1880503.59   | 0.12%             | 2029-08-01      | Fixed         | 2.32%                 | No            |                  2 | On Loan: No      |
| City of Springdale Sales & Use Tax                                                    | City of Springdale, Series A                                                          | CUSIP: 850269EX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2180205.93   | 0.14%             | 2031-08-01      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                                            | Intermountain Power Agency, Series B                                                  | CUSIP: 45884AG98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1048414.13   | 0.07%             | 2031-07-01      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Sports Authority                  | Metropolitan Government Nashville & Davidson County Sports Authority, Series D        | CUSIP: 592090LT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1654450.88   | 0.11%             | 2031-07-01      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                               | South Carolina Public Service Authority, Series C                                     | CUSIP: 8371513F4<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1045978.25   | 0.07%             | 2038-12-01      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                                  | State of Mississippi, Series A                                                        | CUSIP: 605581NG8<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $7669295.10   | 0.51%             | 2031-11-01      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles                                                                   | City of Los Angeles, Series A                                                         | CUSIP: 544351RR2<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   7295000 | PA      | $7698771.68   | 0.51%             | 2031-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                                      | San Joaquin Hills Transportation Corridor Agency, Series B                            | CUSIP: 798111HJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1158536.50   | 0.08%             | 2030-01-15      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                                 | New Mexico Mortgage Finance Authority, Series B, Class I                              | CUSIP: 6472013R1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070401.00   | 0.07%             | 2056-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of New York                                                                      | City of New York, Series D-3                                                          | CUSIP: 64966QKW9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $4690522.80   | 0.31%             | 2035-03-01      | Fixed         | 2.22%                 | No            |                  2 | On Loan: No      |
| Brookhaven Local Development Corp.                                                    | Brookhaven Local Development Corp., Series B                                          | CUSIP: 113168BN7<br>LEI: 549300384JET720NAQ98 | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1956884.76   | 0.13%             | 2030-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                               | County of Miami-Dade Seaport Department                                               | CUSIP: 59335KFK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3545000 | PA      | $3794667.97   | 0.25%             | 2032-11-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                      | California Health Facilities Financing Authority                                      | CUSIP: 13032UXR4<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2272033.25   | 0.15%             | 2029-06-01      | Fixed         | 1.83%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act                           | New Hampshire Health and Education Facilities Authority Act, Series A                 | CUSIP: 64461XKC8<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5422609.20   | 0.36%             | 2044-11-01      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                         | Commonwealth of Massachusetts, Series A                                               | CUSIP: 576004HF5<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4870525.50   | 0.32%             | 2031-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                         | Massachusetts Educational Financing Authority, Series A                               | CUSIP: 57563RTM1<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |  11750000 | PA      | $11572482.18  | 0.76%             | 2044-07-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                                  | State of Mississippi, Series B                                                        | CUSIP: 605581PH4<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |   2935000 | PA      | $2685280.81   | 0.18%             | 2029-06-01      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| City of Miami Beach                                                                   | City of Miami Beach, Series B                                                         | CUSIP: 593201A71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2010000 | PA      | $2045525.34   | 0.13%             | 2038-05-01      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade                                                                  | County of Miami-Dade, Series B                                                        | CUSIP: 59333PW38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1383219.75   | 0.09%             | 2032-10-01      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| Franklin County Convention Facilities Authority                                       | Franklin County Convention Facilities Authority, Series B                             | CUSIP: 353174JF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4795000 | PA      | $4227264.81   | 0.28%             | 2030-12-01      | Fixed         | 2.02%                 | No            |                  2 | On Loan: No      |
| County of Cook                                                                        | County of Cook                                                                        | CUSIP: 213185DV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8965000 | PA      | $9489412.16   | 0.62%             | 2034-11-15      | Fixed         | 6.23%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                      | Commonwealth Financing Authority, Series A                                            | CUSIP: 20281PKV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2340000 | PA      | $2073460.90   | 0.14%             | 2038-06-01      | Fixed         | 3.66%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                       | State of Oregon, Series B                                                             | CUSIP: 68609UNP6<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   3465000 | PA      | $3585780.20   | 0.24%             | 2036-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                     | State of Illinois                                                                     | CUSIP: 452152ZB0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   6949444 | PA      | $7109373.05   | 0.47%             | 2038-12-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| County of King                                                                        | County of King, Series C                                                              | CUSIP: 49474FZ37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1612496.00   | 0.11%             | 2034-12-01      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Brown University Health                                                               | Brown University Health, Series 2025                                                  | CUSIP: 53229UAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11000000 | PA      | $11054397.57  | 0.73%             | 2030-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                                    | State of Louisiana, Series A                                                          | CUSIP: 546486CC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1213324.19   | 0.08%             | 2032-06-15      | Fixed         | 1.74%                 | No            |                  2 | On Loan: No      |
| County of King                                                                        | County of King, Series C                                                              | CUSIP: 49474FY95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1720513.41   | 0.11%             | 2032-12-01      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| State of New York                                                                     | United Nations Development Corp., Series A                                            | CUSIP: 911157MC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2215000 | PA      | $2285708.34   | 0.15%             | 2038-08-01      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                          | Commonwealth of Pennsylvania, Series 1                                                | CUSIP: 70914PX23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5020000 | PA      | $4393256.01   | 0.29%             | 2031-08-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax                                  | Massachusetts Bay Transportation Authority, Series B                                  | CUSIP: 575579M53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7795000 | PA      | $6991688.61   | 0.46%             | 2031-07-01      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                         | Commonwealth of Massachusetts, Series D                                               | CUSIP: 57582RYN0<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  12079442 | PA      | $9943104.72   | 0.65%             | 2039-09-01      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| State of Oregon Department of Transportation                                          | State of Oregon Department of Transportation, Series B                                | CUSIP: 68607DVH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1507009.68   | 0.10%             | 2031-11-15      | Fixed         | 1.66%                 | No            |                  2 | On Loan: No      |
| University of Chicago (The)                                                           | University of Chicago (The), Series 2024                                              | CUSIP: 91412NBK5<br>LEI: 54930099Y7GU6182V326 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7657553.85   | 0.50%             | 2031-04-01      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| City of Chicago                                                                       | City of Chicago, Series B                                                             | CUSIP: 167486ZR3<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2920000 | PA      | $3213478.10   | 0.21%             | 2033-01-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                                 | Metropolitan Transportation Authority, Series B-1                                     | CUSIP: 59259YCA5<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  11200000 | PA      | $11856964.00  | 0.78%             | 2031-11-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                      | Minnesota Housing Finance Agency, Series A                                            | CUSIP: 60416UQK4<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   5585000 | PA      | $5934732.14   | 0.39%             | 2055-07-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                                   | Idaho Housing & Finance Association, Series A                                         | CUSIP: 45129Y7Q3<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1300253.44   | 0.09%             | 2035-01-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                               | New York City Housing Development Corp., Class A                                      | CUSIP: 64966TGS7<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |  13850000 | PA      | $14222492.98  | 0.94%             | 2031-12-15      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| City of New York                                                                      | City of New York, Series D                                                            | CUSIP: 64966SEP7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    230000 | PA      | $210103.02    | 0.01%             | 2029-08-01      | Fixed         | 1.72%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp.                                                | New York State Urban Development Corp., Series D                                      | CUSIP: 6500355Y0<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   4990000 | PA      | $4882139.15   | 0.32%             | 2029-03-15      | Fixed         | 3.32%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                         | Commonwealth of Massachusetts, Series D                                               | CUSIP: 57582PWH9<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1477853.85   | 0.10%             | 2031-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| San Diego Community College District                                                  | San Diego Community College District                                                  | CUSIP: 797272RT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3470000 | PA      | $3057373.28   | 0.20%             | 2031-08-01      | Fixed         | 2.11%                 | No            |                  2 | On Loan: No      |
| Anaheim Public Financing Authority                                                    | Anaheim Public Financing Authority, Series A                                          | CUSIP: 03255LKH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2446210.76   | 0.16%             | 2033-07-01      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| Wake Forest University                                                                | Wake Forest University                                                                | CUSIP: 931009AE4<br>LEI: 549300Z4LAOI50A3D417 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3301656.79   | 0.22%             | 2032-01-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| JobsOhio Beverage System                                                              | JobsOhio Beverage System, Series B                                                    | CUSIP: 47770VAZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12085000 | PA      | $12052000.70  | 0.79%             | 2035-01-01      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| California State University                                                           | California State University, Series B                                                 | CUSIP: 13077DTL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3749714.63   | 0.25%             | 2034-11-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| William S Hart Union High School District                                             | William S Hart Union High School District                                             | CUSIP: 969268DB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2146114.50   | 0.14%             | 2032-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver Airport System                                                | City & County of Denver Airport System, Series C                                      | CUSIP: 249182PS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8020000 | PA      | $7218136.34   | 0.48%             | 2030-11-15      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                       | State of Hawaii, Series GN                                                            | CUSIP: 419792Q74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4981928.00   | 0.33%             | 2037-10-01      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| City of Oakland                                                                       | City of Oakland, Series A-2                                                           | CUSIP: 672240ZC5<br>LEI: 549300BRTTFKDQCGL048 | Long             | DBT              | MUN               | US        |   4430000 | PA      | $4642817.64   | 0.31%             | 2035-07-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports Customer Facility Charge                   | City of Los Angeles Department of Airports Customer Facility Charge, Series A         | CUSIP: 54445CAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8160000 | PA      | $7765315.49   | 0.51%             | 2030-05-15      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| County of Cook                                                                        | County of Cook, Series C                                                              | CUSIP: 2131835R3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $838796.53    | 0.06%             | 2029-11-15      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                        | State of Texas                                                                        | CUSIP: 882724RJ8<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $889070.40    | 0.06%             | 2033-10-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| J Paul Getty Trust (The)                                                              | J Paul Getty Trust (The)                                                              | CUSIP: 374288AC2<br>LEI: 72TDDU3K225INPK3EI14 | Long             | DBT              | CORP              | US        |   6375000 | PA      | $6375000.00   | 0.42%             | 2035-04-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                             | Ohio Turnpike & Infrastructure Commission, Series A                                   | CUSIP: 67760HNG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1236584.85   | 0.08%             | 2036-02-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| UC Health LLC                                                                         | UC Health LLC, Series 2025                                                            | CUSIP: 90293HAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20500000 | PA      | $20834307.44  | 1.37%             | 2035-08-01      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                                   | Idaho Housing & Finance Association, Series A                                         | CUSIP: 45129Y7Z3<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |  12030000 | PA      | $12716568.94  | 0.84%             | 2065-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured                       | New York City Transitional Finance Authority Future Tax Secured, Series B-3           | CUSIP: 64971XMN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9180000 | PA      | $8083550.90   | 0.53%             | 2033-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                                  | State of Connecticut, Series A                                                        | CUSIP: 20772KXL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1821629.16   | 0.12%             | 2033-05-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                      | Pennsylvania Turnpike Commission, Series B                                            | CUSIP: 709221TF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2030000 | PA      | $2100200.45   | 0.14%             | 2037-12-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| City of Oakland                                                                       | City of Oakland, Series A-2                                                           | CUSIP: 672240YZ5<br>LEI: 549300BRTTFKDQCGL048 | Long             | DBT              | MUN               | US        |   2580000 | PA      | $2705907.61   | 0.18%             | 2032-07-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Hidalgo County Regional Mobility Authority                                            | Hidalgo County Regional Mobility Authority, Series B                                  | CUSIP: 429343BV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2009227.20   | 0.13%             | 2032-12-01      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                             | Indiana Finance Authority, Series A                                                   | CUSIP: 45506EDD2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1528518.80   | 0.10%             | 2038-03-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Chapman University                                                                    | Chapman University, Series 2021                                                       | CUSIP: 15953PAF6<br>LEI: 549300TAU69ZJZ8QBL34 | Long             | DBT              | CORP              | US        |   2616000 | PA      | $2206686.44   | 0.15%             | 2031-04-01      | Fixed         | 2.07%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                               | Los Angeles Department of Water & Power, Series D                                     | CUSIP: 544495VY7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   8135000 | PA      | $8495059.17   | 0.56%             | 2045-07-01      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| University of North Carolina at Chapel Hill                                           | University of North Carolina at Chapel Hill                                           | CUSIP: 914713K68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1432998.00   | 0.09%             | 2034-12-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured                       | New York City Transitional Finance Authority Future Tax Secured, Series C-3           | CUSIP: 64971XJH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3810315.60   | 0.25%             | 2030-11-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                                  | Triborough Bridge & Tunnel Authority, Series B                                        | CUSIP: 89602NUN2<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   6465000 | PA      | $6606835.64   | 0.44%             | 2039-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Power Authority                                                              | New York Power Authority, Series A                                                    | CUSIP: 64989KFD3<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |   6530000 | PA      | $7029676.25   | 0.46%             | 2033-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                                | Illinois Housing Development Authority, Series B                                      | CUSIP: 45203MM73<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   2295000 | PA      | $2328407.40   | 0.15%             | 2035-10-01      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                                            | Maryland Stadium Authority, Series C                                                  | CUSIP: 574296CH0<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1333046.72   | 0.09%             | 2031-05-01      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                               | Massachusetts Water Resources Authority, Series C                                     | CUSIP: 576051ZR0<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |   6275000 | PA      | $5342022.96   | 0.35%             | 2033-08-01      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| County of Broward Airport System                                                      | County of Broward, Series C                                                           | CUSIP: 114894ZT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9255000 | PA      | $8305715.58   | 0.55%             | 2032-10-01      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| Pasadena Unified School District                                                      | Pasadena Unified School District                                                      | CUSIP: 702282QN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9930000 | PA      | $8399959.78   | 0.55%             | 2037-05-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act                           | New Hampshire Health and Education Facilities Authority Act, Series A                 | CUSIP: 64461XKB0<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   3865000 | PA      | $3808332.92   | 0.25%             | 2034-11-01      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Toledo Hospital (The)                                                                 | Toledo Hospital (The)                                                                 | CUSIP: 889184AD9<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |  12735000 | PA      | $12674943.90  | 0.83%             | 2038-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                                 | Connecticut Housing Finance Authority, Series A-2                                     | CUSIP: 20775H5P4<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8681734.25   | 0.57%             | 2055-05-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Arizona Board of Regents                                                              | Arizona Board of Regents, Series C                                                    | CUSIP: 040664HL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1552957.22   | 0.10%             | 2029-07-01      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                               | Dallas Fort Worth International Airport, Series A                                     | CUSIP: 2350364Q0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $930689.50    | 0.06%             | 2029-11-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                          | New York City Transitional Finance Authority, Series G-3                              | CUSIP: 64971XYV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1955000 | PA      | $1542787.47   | 0.10%             | 2036-11-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                         | Alabama Federal Aid Highway Finance Authority, Series B                               | CUSIP: 010268ES5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1416921.44   | 0.09%             | 2033-09-01      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| Houston Community College System                                                      | Houston Community College System, Series B                                            | CUSIP: 44236PMD7<br>LEI: 549300UWXV516I6N3V90 | Long             | DBT              | MUN               | US        |   3900000 | PA      | $2783095.77   | 0.18%             | 2039-02-15      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| Sumter Landing Community Development District                                         | Sumter Landing Community Development District                                         | CUSIP: 86657MCE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1531331.40   | 0.10%             | 2033-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                                  | State of Mississippi, Series E                                                        | CUSIP: 605581QU4<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4164492.00   | 0.27%             | 2034-10-01      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| County of Pierce                                                                      | County of Pierce, Series B                                                            | CUSIP: 720653QH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $768500.70    | 0.05%             | 2037-08-01      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| Toll Road Investors Partnership II LP                                                 | Toll Road Investors Partnership II LP                                                 | CUSIP: 88948ABT3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $2943661.30   | 0.19%             | 2041-02-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| City of Salt Lake City                                                                | City of Salt Lake City, Series B                                                      | CUSIP: 79560TEC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3365000 | PA      | $3077006.81   | 0.20%             | 2032-04-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| County of Salt Lake Convention Hotel                                                  | County of Salt Lake Convention Hotel                                                  | CUSIP: 79567VAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3610000 | PA      | $3432587.63   | 0.23%             | 2034-10-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                                | Colorado Housing and Finance Authority, Series D-1, Class I                           | CUSIP: 19648GWC2<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4273522.80   | 0.28%             | 2055-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of Pittsburgh                                                                    | City of Pittsburgh, Series B                                                          | CUSIP: 725209PD6<br>LEI: 549300EZQQVTL1QEIU17 | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1408170.68   | 0.09%             | 2029-09-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                            | Southern California Public Power Authority, Series A                                  | CUSIP: 842471CJ1<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   7030000 | PA      | $7287137.72   | 0.48%             | 2032-07-01      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                             | New Jersey Economic Development Authority, Series NNN                                 | CUSIP: 64577B8H0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1443935.40   | 0.10%             | 2031-06-15      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                        | State of Texas                                                                        | CUSIP: 882724RG4<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $6846495.75   | 0.45%             | 2031-10-01      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                                  | State of Connecticut, Series A                                                        | CUSIP: 20772KZQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4150000 | PA      | $4248744.27   | 0.28%             | 2034-03-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                               | Municipal Electric Authority of Georgia, Series B                                     | CUSIP: 62620HHR6<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1550524.95   | 0.10%             | 2033-07-01      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                                   | Idaho Housing & Finance Association, Series B                                         | CUSIP: 45129Y5Q5<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   7695000 | PA      | $8199868.18   | 0.54%             | 2054-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                                     | Chicago Transit Authority Sales Tax Receipts Fund, Series B                           | CUSIP: 16772PCY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1964393.34   | 0.13%             | 2030-12-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                                  | State of Mississippi, Series F                                                        | CUSIP: 6055805X3<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |   4075000 | PA      | $4109245.49   | 0.27%             | 2034-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Indiana Housing & Community Development Authority                                     | Indiana Housing & Community Development Authority, Series B-3                         | CUSIP: 45505TY54<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |   5700000 | PA      | $6038068.71   | 0.40%             | 2054-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of Springdale Sales & Use Tax                                                    | City of Springdale, Series A                                                          | CUSIP: 850269EY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2068028.60   | 0.14%             | 2032-08-01      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                            | Southern California Public Power Authority, Series A                                  | CUSIP: 842471BZ6<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1859658.12   | 0.12%             | 2032-07-01      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                                     | State of California Department of Water Resources, Series BC                          | CUSIP: 13067WRM6<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |   2425000 | PA      | $1884892.85   | 0.12%             | 2034-12-01      | Fixed         | 1.77%                 | No            |                  2 | On Loan: No      |
| Western Minnesota Municipal Power Agency                                              | Western Minnesota Municipal Power Agency, Series A                                    | CUSIP: 958697KV5<br>LEI: 549300LFJK9CQSN2NJ11 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $958860.00    | 0.06%             | 2029-01-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series B                                          | CUSIP: 64990GWW8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1762254.23   | 0.12%             | 2043-07-01      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| City of New York                                                                      | City of New York, Series D                                                            | CUSIP: 64966SFB7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2045000 | PA      | $1747210.99   | 0.12%             | 2031-08-01      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| City of Lincoln Electric System                                                       | City of Lincoln, Series B                                                             | CUSIP: 534272M71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2615582.70   | 0.17%             | 2030-09-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| County of Howard                                                                      | County of Howard, Series E                                                            | CUSIP: 44256PYX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2574305.10   | 0.17%             | 2031-08-15      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| Bay Laurel Center Community Development District Water & Sewer                        | Bay Laurel Center Community Development District Water & Sewer, Series B              | CUSIP: 07244RBC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015537.60   | 0.07%             | 2042-09-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Erie City Water Authority                                                             | Erie City Water Authority, Series D                                                   | CUSIP: 295542TF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2945000 | PA      | $2623977.62   | 0.17%             | 2030-12-01      | Fixed         | 1.96%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                               | County of Miami-Dade Seaport Department                                               | CUSIP: 59335KFG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1214112.04   | 0.08%             | 2029-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of California                                                                   | State of California                                                                   | CUSIP: 13063D7E2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8631281.60   | 0.57%             | 2031-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Virgin Islands Water & Power Authority                                                | Virgin Islands Water & Power Authority, Series C                                      | CUSIP: 927688FZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |   4000000 | PA      | $4208186.40   | 0.28%             | 2035-07-01      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| State of New York                                                                     | United Nations Development Corp., Series A                                            | CUSIP: 911157MD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2680755.48   | 0.18%             | 2039-08-01      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Foothill-De Anza Community College District                                           | Foothill-De Anza Community College District, Series E                                 | CUSIP: 345102LS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $947743.60    | 0.06%             | 2031-08-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                                 | California Infrastructure & Economic Development Bank, Series B                       | CUSIP: 13034A6A3<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4924690.00   | 0.32%             | 2045-12-01      | Fixed         | 5.89%                 | Yes           |                  2 | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority                                                            | CUSIP: 45204EC89<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2165557.50   | 0.14%             | 2030-08-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign                            | Burbank-Glendale-Pasadena Airport Authority Brick Campaign, Series C                  | CUSIP: 120827EL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043347.20   | 0.07%             | 2031-07-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                                    | State of Wisconsin, Series 2                                                          | CUSIP: 97705MXF7<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   4250000 | PA      | $3810011.53   | 0.25%             | 2032-05-01      | Fixed         | 2.61%                 | No            |                  2 | On Loan: No      |
| City of Dallas Waterworks & Sewer System                                              | City of Dallas Waterworks & Sewer System, Series B                                    | CUSIP: 2354164C5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1967755.00   | 0.13%             | 2030-10-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Port of Morrow                                                                        | Port of Morrow                                                                        | CUSIP: 73474TAW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10187110.00  | 0.67%             | 2031-09-01      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| State of New York                                                                     | State of New York, Series B                                                           | CUSIP: 649791PZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6750000 | PA      | $5890980.15   | 0.39%             | 2034-02-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                      | Minnesota Housing Finance Agency, Series V                                            | CUSIP: 60416UNH4<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2021582.60   | 0.13%             | 2039-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                               | South Carolina Public Service Authority, Series C                                     | CUSIP: 8371516W4<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1671862.03   | 0.11%             | 2032-12-01      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                                  | Oregon State Lottery, Series B                                                        | CUSIP: 68607V3Q6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2918838.00   | 0.19%             | 2031-04-01      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth      | Louisiana Local Government Environmental Facilities & Community Development Authority | CUSIP: 54628CG30<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   4669985 | PA      | $4774858.37   | 0.31%             | 2039-09-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| City of New York                                                                      | City of New York, Series D                                                            | CUSIP: 64966SEN2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1126825.33   | 0.07%             | 2028-08-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp.                                                        | Sales Tax Securitization Corp., Series C                                              | CUSIP: 79467BAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2112042.38   | 0.14%             | 2028-01-01      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                                 | FHLMC Gold Pools, 30 Year                                                             | CUSIP: 3128MJGC8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     18517 | PA      | $19589.07     | 0.00%             | 2037-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| San Jose Unified School District                                                      | San Jose Unified School District                                                      | CUSIP: 798186P89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1386573.02   | 0.09%             | 2033-08-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                     | California Housing Finance Agency, Series A                                           | CUSIP: 13034MBE3<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4273532.80   | 0.28%             | 2055-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| St Joseph County Redevelopment Authority                                              | St Joseph County Redevelopment Authority, Series B                                    | CUSIP: 79062DAX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031008.90   | 0.07%             | 2033-02-01      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured                       | New York City Transitional Finance Authority Future Tax Secured, Series D-3           | CUSIP: 64971X3M8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6265914.00   | 0.41%             | 2035-11-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                            | Chicago Board of Education, Series C                                                  | CUSIP: 167505QK5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2092951.80   | 0.14%             | 2029-11-01      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                                    | State of Tennessee, Series B                                                          | CUSIP: 880541G50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1555117.40   | 0.10%             | 2035-11-01      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                             | Alameda Corridor Transportation Authority, Series C                                   | CUSIP: 010869LL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10688415.00  | 0.70%             | 2029-10-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                      | Minnesota Housing Finance Agency, Series J                                            | CUSIP: 60416UDL6<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   3040000 | PA      | $3248943.46   | 0.21%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                               | South Carolina Public Service Authority, Series C                                     | CUSIP: 8371516X2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1517053.95   | 0.10%             | 2033-12-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| Tampa-Hillsborough County Expressway Authority                                        | Tampa-Hillsborough County Expressway Authority, Series B                              | CUSIP: 875301HS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4375000 | PA      | $3846337.69   | 0.25%             | 2031-07-01      | Fixed         | 2.14%                 | No            |                  2 | On Loan: No      |
| Cupertino Union School District                                                       | Cupertino Union School District                                                       | CUSIP: 231237P77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $910236.40    | 0.06%             | 2031-08-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| State of New York                                                                     | United Nations Development Corp., Series A                                            | CUSIP: 911157MB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1098292.54   | 0.07%             | 2037-08-01      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                             | Dallas Area Rapid Transit, Series C                                                   | CUSIP: 235241TX4<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $820794.10    | 0.05%             | 2033-12-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series H                                          | CUSIP: 6499022E2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   6264657 | PA      | $6319784.54   | 0.42%             | 2033-03-15      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| State of California                                                                   | State of California                                                                   | CUSIP: 13063EBQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2564263.25   | 0.17%             | 2034-09-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                                  | State of Connecticut, Series A                                                        | CUSIP: 20772KZP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4309185.72   | 0.28%             | 2033-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                           | Ohio Higher Educational Facility Commission                                           | CUSIP: 677510CW7<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2055984.00   | 0.14%             | 2042-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Alameda                                                                     | County of Alameda, Series B                                                           | CUSIP: 010878BK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $2960165.91   | 0.19%             | 2031-08-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                      | Energy Northwest, Series B                                                            | CUSIP: 29270C4A0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2740000 | PA      | $2363318.23   | 0.16%             | 2032-07-01      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                             | Dallas Area Rapid Transit, Series C                                                   | CUSIP: 235241TV8<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |   4230000 | PA      | $3641599.39   | 0.24%             | 2031-12-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| City of Corpus Christi Utility System                                                 | City of Corpus Christi, Series B                                                      | CUSIP: 220245L44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2166206.50   | 0.14%             | 2032-07-15      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| State of New York                                                                     | State of New York, Series B                                                           | CUSIP: 649791PY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5331126.00   | 0.35%             | 2033-02-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Oklahoma Municipal Power Authority                                                    | Oklahoma Municipal Power Authority, Series B                                          | CUSIP: 67910HRW2<br>LEI: 54930074Q1M8747DCS20 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1128676.25   | 0.07%             | 2032-01-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| County of Ohio                                                                        | County of Ohio, Series A-1                                                            | CUSIP: 67732PAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5530000 | PA      | $5919834.59   | 0.39%             | 2035-03-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                           | Washington State Housing Finance Commission, Series 1-T                               | CUSIP: 93978T4L0<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2115000 | PA      | $2133956.75   | 0.14%             | 2053-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                         | Commonwealth of Massachusetts, Series E                                               | CUSIP: 57582R4M5<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   5050000 | PA      | $5384250.41   | 0.35%             | 2031-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Norfolk                                                                       | City of Norfolk, Series B                                                             | CUSIP: 655867ZG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $4990811.40   | 0.33%             | 2036-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Santa Clara                                                                 | County of Santa Clara, Series C                                                       | CUSIP: 801546ST0<br>LEI: 254900JSVO2QQ5A3DV83 | Long             | DBT              | MUN               | US        |  11220000 | PA      | $11322796.52  | 0.75%             | 2034-08-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| City of Midland                                                                       | City of Midland, Series A                                                             | CUSIP: 5977496L9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1377727.17   | 0.09%             | 2031-03-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp.                                                                    | Utah Housing Corp., Series D                                                          | CUSIP: 917437TY1<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $7025546.45   | 0.46%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Park Creek Metropolitan District                                                      | Park Creek Metropolitan District, Series B                                            | CUSIP: 700387HR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1696983.17   | 0.11%             | 2032-12-01      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                       | State of Hawaii, Series GJ                                                            | CUSIP: 419792G75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4255000 | PA      | $3736920.99   | 0.25%             | 2031-08-01      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| Duke University                                                                       | Duke University                                                                       | CUSIP: 26442TAD9<br>LEI: FY5ICUIRRDCHN4HHL592 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2446999.20   | 0.16%             | 2038-10-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| City of Springdale Sales & Use Tax                                                    | City of Springdale, Series A                                                          | CUSIP: 850269EZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1185470.83   | 0.08%             | 2033-08-01      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| State of California                                                                   | State of California                                                                   | CUSIP: 13063A5G5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11310000 | PA      | $13676183.20  | 0.90%             | 2039-04-01      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                                  | Oregon State Lottery, Series B                                                        | CUSIP: 68607V7B5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1523216.55   | 0.10%             | 2033-04-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                             | Alameda Corridor Transportation Authority, Series B                                   | CUSIP: 010869LP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2841394.00   | 0.19%             | 2032-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                                | Colorado Housing and Finance Authority, Series E-1                                    | CUSIP: 19648GMY5<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   5550000 | PA      | $5896286.70   | 0.39%             | 2049-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                           | California State University, Series B                                                 | CUSIP: 13077DQL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $832041.40    | 0.05%             | 2032-11-01      | Fixed         | 1.99%                 | No            |                  2 | On Loan: No      |
| Los Angeles Community College District                                                | Los Angeles Community College District, Series B                                      | CUSIP: 54438CMS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6588919.80   | 0.43%             | 2029-08-01      | Fixed         | 7.53%                 | No            |                  2 | On Loan: No      |
| University of California                                                              | University of California, Series BU                                                   | CUSIP: 91412HRA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9096408.90   | 0.60%             | 2034-05-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                     | State of Illinois, Series 5                                                           | CUSIP: 452152GS4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5437143 | PA      | $5842686.84   | 0.38%             | 2035-07-01      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth      | Louisiana Local Government Environmental Facilities & Community Development Auth      | CUSIP: 54627RAT7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   5425000 | PA      | $5487350.07   | 0.36%             | 2039-12-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                                    | Dallas Independent School District, Series B                                          | CUSIP: 235308E41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4875000 | PA      | $4381197.11   | 0.29%             | 2030-08-15      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                         | Alabama Federal Aid Highway Finance Authority, Series B                               | CUSIP: 010268ER7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3055000 | PA      | $2598918.74   | 0.17%             | 2032-09-01      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                                 | FHLMC Gold Pools, 30 Year                                                             | CUSIP: 31335B6B7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     95313 | PA      | $89450.50     | 0.01%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Orlando Health Obligated Group                                                        | Orlando Health Obligated Group                                                        | CUSIP: 686514AP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6725000 | PA      | $6895494.02   | 0.45%             | 2035-10-01      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Columbus Metropolitan Housing Authority                                               | Columbus Metropolitan Housing Authority                                               | CUSIP: 19951AAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3831791.25   | 0.25%             | 2028-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Texas Public Finance Authority                                                        | Texas Public Finance Authority                                                        | CUSIP: 882669CH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $731465.40    | 0.05%             | 2039-02-01      | Fixed         | 2.42%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                               | Dallas Fort Worth International Airport, Series C                                     | CUSIP: 2350366T2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2585000 | PA      | $2269073.97   | 0.15%             | 2031-11-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Chapman University                                                                    | Chapman University, Series 2021                                                       | CUSIP: 15953PAD1<br>LEI: 549300TAU69ZJZ8QBL34 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $891868.24    | 0.06%             | 2029-04-01      | Fixed         | 1.87%                 | No            |                  2 | On Loan: No      |
| St Joseph County Redevelopment Authority                                              | St Joseph County Redevelopment Authority, Series B                                    | CUSIP: 79062DAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1124353.17   | 0.07%             | 2031-02-01      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| City of New York                                                                      | City of New York, Series G-1                                                          | CUSIP: 64966SLM6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4369705.60   | 0.29%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York                                                                      | City of New York, Series D                                                            | CUSIP: 64966SEZ5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $967109.55    | 0.06%             | 2029-08-01      | Fixed         | 1.72%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                                    | State of Tennessee, Series B                                                          | CUSIP: 880541G43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1195932.30   | 0.08%             | 2034-11-01      | Fixed         | 1.93%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                  | District of Columbia, Series B                                                        | CUSIP: 25484JDK3<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1552487.25   | 0.10%             | 2035-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Spokane Public Facilities District                                                    | Spokane Public Facilities District, Series B                                          | CUSIP: 84908AAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $2731283.24   | 0.18%             | 2030-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                        | State of Texas                                                                        | CUSIP: 882724U62<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5226170.43   | 0.34%             | 2035-10-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles                                                                   | City of Los Angeles, Series B                                                         | CUSIP: 53945CLS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2096434.36   | 0.14%             | 2034-06-01      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| City of New York                                                                      | City of New York, Series B-2                                                          | CUSIP: 64966Q7P9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2110000 | PA      | $2222001.97   | 0.15%             | 2031-10-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                         | New Jersey Turnpike Authority, Series B                                               | CUSIP: 646140DS9<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   3485000 | PA      | $3200255.98   | 0.21%             | 2029-01-01      | Fixed         | 1.71%                 | No            |                  2 | On Loan: No      |
| San Jose Evergreen Community College District                                         | San Jose Evergreen Community College District, Series B                               | CUSIP: 798189HD1<br>LEI: 5493006H31JIFYW6Z091 | Long             | DBT              | MUN               | US        |   4960000 | PA      | $4927784.30   | 0.32%             | 2043-07-01      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| Reading Area Water Authority                                                          | Reading Area Water Authority                                                          | CUSIP: 755562DX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3025000 | PA      | $2518616.21   | 0.17%             | 2036-12-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                       | State of Hawaii, Series GC                                                            | CUSIP: 419792ZS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $4852803.45   | 0.32%             | 2030-10-01      | Fixed         | 1.72%                 | No            |                  2 | On Loan: No      |
| Sumter Landing Community Development District                                         | Sumter Landing Community Development District                                         | CUSIP: 86657MCB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1735350.82   | 0.11%             | 2030-10-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                              | Arizona Industrial Development Authority                                              | CUSIP: 04052BKP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1059727.78   | 0.07%             | 2029-10-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Antelope Valley Community College District                                            | Antelope Valley Community College District                                            | CUSIP: 03667PGF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1223853.30   | 0.08%             | 2036-08-01      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax                                                       | District of Columbia Income Tax, Series B                                             | CUSIP: 25477GWW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8800000 | PA      | $9251457.60   | 0.61%             | 2032-05-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Santa Monica-Malibu Unified School District                                           | Santa Monica-Malibu Unified School District                                           | CUSIP: 802498WA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2510000 | PA      | $2207483.76   | 0.15%             | 2030-07-01      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| Port of Oakland                                                                       | Port of Oakland, Series R                                                             | CUSIP: 735000TV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2476732 | PA      | $2065000.18   | 0.14%             | 2033-05-01      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| American Municipal Power, Inc.                                                        | American Municipal Power, Inc., Series A                                              | CUSIP: 02765UEH3<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   6620000 | PA      | $7700334.35   | 0.51%             | 2033-02-15      | Fixed         | 7.73%                 | No            |                  2 | On Loan: No      |
| City of Springdale Sales & Use Tax                                                    | City of Springdale, Series A                                                          | CUSIP: 850269EV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3345000 | PA      | $3488178.38   | 0.23%             | 2029-08-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| County of Ohio Special District Excise Tax                                            | County of Ohio Special District Excise Tax, Series A                                  | CUSIP: 67732PDW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2120327.82   | 0.14%             | 2040-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                             | Alameda Corridor Transportation Authority, Series B                                   | CUSIP: 010869JB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5590000 | PA      | $4128928.28   | 0.27%             | 2031-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                             | Dallas Area Rapid Transit, Series C                                                   | CUSIP: 235241TW6<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |   2035000 | PA      | $1713034.92   | 0.11%             | 2032-12-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| University of Massachusetts Building Authority                                        | University of Massachusetts Building Authority, Series 2                              | CUSIP: 914440UU4<br>LEI: 6ILE2573NPR1XO2TR556 | Long             | DBT              | MUN               | US        |   2495000 | PA      | $2289767.04   | 0.15%             | 2034-11-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| State of California                                                                   | State of California                                                                   | CUSIP: 13063EHU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6714917.95   | 0.44%             | 2030-09-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured                       | New York City Transitional Finance Authority Future Tax Secured, Series A-2           | CUSIP: 64971X7L6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6090666.00   | 0.40%             | 2030-05-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                     | State of Illinois, Series B                                                           | CUSIP: 452152QW4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   6950000 | PA      | $7061184.71   | 0.47%             | 2038-04-01      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                                 | California Infrastructure & Economic Development Bank, Series A                       | CUSIP: 13034AM72<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1534470.78   | 0.10%             | 2034-10-01      | Fixed         | 2.19%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                                  | GNMA I, 30 Year                                                                       | CUSIP: 36225BMZ8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     44025 | PA      | $45675.45     | 0.00%             | 2031-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                                               | Massachusetts School Building Authority, Series B                                     | CUSIP: 576000ZJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5165000 | PA      | $4646928.29   | 0.31%             | 2030-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Farmville Industrial Development Authority                                            | Farmville Industrial Development Authority, Series B                                  | CUSIP: 311617BD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1970000 | PA      | $1801146.18   | 0.12%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles                                                                   | City of Los Angeles, Series B                                                         | CUSIP: 53945CLT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2895000 | PA      | $2967433.48   | 0.20%             | 2035-06-01      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| American Municipal Power, Inc.                                                        | American Municipal Power, Inc., Series B                                              | CUSIP: 02765UDC5<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   4455000 | PA      | $4754075.29   | 0.31%             | 2032-02-15      | Fixed         | 6.42%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                     | State of Illinois, Series 3                                                           | CUSIP: 452152FA4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   6153846 | PA      | $6463137.24   | 0.43%             | 2035-04-01      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax                                                           | State of Illinois Sales Tax                                                           | CUSIP: 452227GK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3170000 | PA      | $3073529.61   | 0.20%             | 2029-06-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Trustees of Princeton University (The)                                                | Trustees of Princeton University (The)                                                | CUSIP: 89837LAB1<br>LEI: 549300PJZYINN64GDJ90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1072987.62   | 0.07%             | 2039-03-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                               | County of Miami-Dade Seaport Department, Series A-3                                   | CUSIP: 59335KCT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6940000 | PA      | $5977043.08   | 0.39%             | 2031-10-01      | Fixed         | 2.01%                 | No            |                  2 | On Loan: No      |
| Utah Transit Authority                                                                | Utah Transit Authority                                                                | CUSIP: 917567GG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4360000 | PA      | $3741252.34   | 0.25%             | 2032-12-15      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| Port of Oakland                                                                       | Port of Oakland, Series R                                                             | CUSIP: 735000TS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2296003 | PA      | $2043882.66   | 0.13%             | 2030-05-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| San Ramon Valley Unified School District/CA                                           | San Ramon Valley Unified School District                                              | CUSIP: 7994082L2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2920000 | PA      | $2570357.45   | 0.17%             | 2031-08-01      | Fixed         | 2.01%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                             | Dallas Area Rapid Transit, Series C                                                   | CUSIP: 235241TU0<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |   3825000 | PA      | $3370530.33   | 0.22%             | 2030-12-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                        | State of Texas, Series B                                                              | CUSIP: 882724XR3<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3594336.00   | 0.24%             | 2030-10-01      | Fixed         | 1.84%                 | No            |                  2 | On Loan: No      |
| County of Bexar                                                                       | County of Bexar                                                                       | CUSIP: 088518PC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $843750.70    | 0.06%             | 2033-08-15      | Fixed         | 2.43%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                       | State of Hawaii, Series GC                                                            | CUSIP: 419792ZT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5186860.20   | 0.34%             | 2031-10-01      | Fixed         | 1.87%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles                                                                   | City of Los Angeles, Series B                                                         | CUSIP: 53945CLU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3925000 | PA      | $4017460.44   | 0.26%             | 2036-06-01      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Tri-County Metropolitan Transportation District of Oregon                             | Tri-County Metropolitan Transportation District of Oregon, Series B                   | CUSIP: 89546RTE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1686062.07   | 0.11%             | 2036-09-01      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| Marin Community College District                                                      | Marin Community College District, Series B                                            | CUSIP: 56781RLA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2036861.28   | 0.13%             | 2032-08-01      | Fixed         | 1.89%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                                 | Metropolitan Transportation Authority, Series C                                       | CUSIP: 59259NZH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6105000 | PA      | $7190059.35   | 0.47%             | 2039-11-15      | Fixed         | 7.34%                 | No            |                  2 | On Loan: No      |
| Texas State University System                                                         | Texas State University System, Series B                                               | CUSIP: 88278PZM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $834591.60    | 0.05%             | 2040-03-15      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Sports Authority                  | Metropolitan Government Nashville & Davidson County Sports Authority, Series D        | CUSIP: 592090LS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033742.90   | 0.07%             | 2030-07-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Transportation Commission                                   | San Diego County Regional Transportation Commission, Series A                         | CUSIP: 797400LH9<br>LEI: W4FR340A6EQ2SSI17B56 | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1463504.07   | 0.10%             | 2030-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                       | State of Hawaii, Series GD                                                            | CUSIP: 419792C53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1563148.40   | 0.10%             | 2038-10-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| City of Oakland                                                                       | City of Oakland, Series A-2                                                           | CUSIP: 672240ZB7<br>LEI: 549300BRTTFKDQCGL048 | Long             | DBT              | MUN               | US        |   4205000 | PA      | $4408658.66   | 0.29%             | 2034-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                       | State of Oregon, Series B                                                             | CUSIP: 68609UNQ4<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   3190000 | PA      | $3306557.50   | 0.22%             | 2037-05-01      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| City & County Honolulu Wastewater System                                              | City & County Honolulu, Series A                                                      | CUSIP: 438701Z56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3080000 | PA      | $2634413.32   | 0.17%             | 2031-07-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Johns Hopkins University                                                              | Johns Hopkins University, Series A                                                    | CUSIP: 478115AE8<br>LEI: 549300Z1XKWYKTIOM958 | Long             | DBT              | CORP              | US        |   2270000 | PA      | $2017265.58   | 0.13%             | 2030-07-01      | Fixed         | 1.97%                 | No            |                  2 | On Loan: No      |
| Chaffey Joint Union High School District                                              | Chaffey Joint Union High School District                                              | CUSIP: 157411TS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2037340.58   | 0.13%             | 2031-08-01      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax                                                       | District of Columbia Income Tax, Series B                                             | CUSIP: 25477GWV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10498523.00  | 0.69%             | 2031-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                  | District of Columbia, Series B                                                        | CUSIP: 25483VC85<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   7240000 | PA      | $8466281.52   | 0.56%             | 2035-10-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| City of Miramar                                                                       | City of Miramar                                                                       | CUSIP: 604633BL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2395000 | PA      | $1961644.15   | 0.13%             | 2035-10-01      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| University of North Carolina at Chapel Hill                                           | University of North Carolina at Chapel Hill, Series C                                 | CUSIP: 914713P22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2025000 | PA      | $1811990.45   | 0.12%             | 2036-12-01      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                                     | Michigan State Building Authority, Series II                                          | CUSIP: 594615HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $812908.50    | 0.05%             | 2033-10-15      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| City of San Antonio                                                                   | City of San Antonio                                                                   | CUSIP: 79623PQQ1<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4008656.00   | 0.26%             | 2026-02-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                                   | North Dakota Housing Finance Agency, Series B                                         | CUSIP: 6589096Y7<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   2470000 | PA      | $2613627.54   | 0.17%             | 2054-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Texas State Affordable Housing Corp.                                                  | Texas State Affordable Housing Corp., Series B                                        | CUSIP: 88271HKJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2860000 | PA      | $3011855.99   | 0.20%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| San Diego Public Facilities Financing Authority                                       | San Diego Public Facilities Financing Authority, Series B                             | CUSIP: 79730CJR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $874272.80    | 0.06%             | 2032-08-01      | Fixed         | 2.33%                 | No            |                  2 | On Loan: No      |
| President and Fellows of Harvard College                                              | President and Fellows of Harvard College                                              | CUSIP: 740816AS2<br>LEI: 6S3X7J22E861RNTJSA74 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7693453.05   | 0.51%             | 2030-03-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Sports Authority                  | Metropolitan Government Nashville & Davidson County Sports Authority, Series D        | CUSIP: 592090LV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1605683.60   | 0.11%             | 2033-07-01      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| County of King                                                                        | County of King, Series C                                                              | CUSIP: 49474FY87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1667962.56   | 0.11%             | 2031-12-01      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Trustees of Princeton University (The)                                                | Trustees of Princeton University (The)                                                | CUSIP: 89837LAJ4<br>LEI: 549300PJZYINN64GDJ90 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7104872.60   | 0.47%             | 2030-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Long Beach Community College District                                                 | Long Beach Community College District, Series H                                       | CUSIP: 542411NR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4870000 | PA      | $4401221.59   | 0.29%             | 2031-08-01      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| Rhode Island Housing & Mortgage Finance Corp.                                         | Rhode Island Housing & Mortgage Finance Corp., Series 85-T                            | CUSIP: 76221SJP7<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |   8155000 | PA      | $8716302.13   | 0.57%             | 2053-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** NEW YORK LIFE INVESTMENTS FUNDS

**Signature:** Jack Benintende

**Name of Signer:** Jack Benintende

**Title:** Treasurer