# EDGAR Filing Document

**Accession Number:** 0000845376
**File Stem:** 0001193125-25-334215
**Filing Date:** 2025-12
**Character Count:** 791199
**Document Hash:** 95a19874e302a36959de1d7ffb320a0d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-334215.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0001193125-25-334215

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN FUNDS SHORT-TERM TAX-EXEMPT BOND FUND
- **CENTRAL INDEX KEY:** 0000845376

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05750
- **FILM NUMBER:** 251606475

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S HOPE ST - 55TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 213-486-9200

**MAIL ADDRESS:**
- **STREET 1:** 333 S HOPE ST - 55TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TAX EXEMPT MONEY FUND OF AMERICA
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### AMERICAN FUNDS SHORT-TERM TAX-EXEMPT BOND FUND (Series ID: S000009233)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000025125 | Class A      | ASTEX           |
| C000079135 | Class F-1    | FSTTX           |
| C000079136 | Class F-2    | ASTFX           |
| C000179995 | Class F-3    | SFTEX           |
| C000186457 | Class R-6    |  |
| C000189424 | Class T      | TAFSX           |

## Nport-Ex

![](imge38d32c91.jpg)

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

**American Funds Short-Term Tax-Exempt Bond**

**Fund**<sup>®</sup>

Investment portfolio

October 31, 2025

**unaudited**

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

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments 89.69%<br> **Alabama 3.09%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Lower Alabama Gas Dist., Gas Project Rev. Ref. Bonds, Series 2025-A, 5.00% 12/1/2033 (put 9/1/2033)  | USD2,435 | $2592 |
| Black Belt Energy Gas Dist., Gas Project Rev. Bonds, Series 2022-B-1, 4.00% 4/1/2053 (put 10/1/2027)  | 6000 | 6096 |
| Black Belt Energy Gas Dist., Gas Project Rev. Bonds, Series 2024-C, 5.00% 5/1/2055 (put 7/1/2031)  | 3405 | 3700 |
| Black Belt Energy Gas Dist., Gas Project Rev. Bonds, Series 2024-B, 5.00% 10/1/2055 (put 9/1/2032)  | 1000 | 1086 |
| Black Belt Energy Gas Dist., Gas Project Rev. Bonds, Series 2025-E, 5.00% 12/1/2055 (put 5/1/2035)  | 3045 | 3300 |
| Black Belt Energy Gas Dist., Gas Project Rev. Bonds (BP P.L.C), Series 2024-D, 5.00% 3/1/2055 (put 11/1/2034)  | 8045 | 8730 |
| Black Belt Energy Gas Dist., Gas Project Rev. Ref. Bonds, Series 2025-D, 5.00% 12/1/2055 (put 8/1/2035)  | 1960 | 2128 |
| Black Belt Energy Gas Dist., Gas Supply Rev. Bonds, Series 2022-D-1, 4.00% 7/1/2052 (put 6/1/2027)  | 4595 | 4651 |
| Black Belt Energy Gas Dist., Gas Supply Rev. Bonds, Series 2022-F, 5.50% 11/1/2053 (put 12/1/2028)  | 440 | 465 |
| Black Belt Energy Gas Dist., Gas Supply Rev. Bonds, Series 2023-B, 5.25% 12/1/2053 (put 12/1/2026)  | 2930 | 3183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy Southeast, Energy Supply Rev. Bonds (A Cooperative Dist.), Series 2023-A-1, 5.50% 11/1/2053 (put 1/1/<br> 2031)  | 2350 | 2594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy Southeast, Energy Supply Rev. Bonds (A Cooperative Dist.), Series 2024-B, 5.25% 7/1/2054 (put 6/1/<br> 2032)  | 1670 | 1835 |
| Federal Aid Highway Fin. Auth., Special Obligation Rev. Bonds, Series 2016-A, 5.00% 9/1/2033 (preref. 9/1/2026)  | 1500 | 1527 |
| Federal Aid Highway Fin. Auth., Special Obligation Rev. Bonds, Series 2017-A, 4.00% 6/1/2037 (preref. 9/1/2027)  | 1780 | 1822 |
| City of Hoover, GO Warrants, Series 2016, 4.00% 7/1/2033 (preref. 7/1/2026)  | 1000 | 1009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Auth., Multi Family Housing Rev. Bonds (Cooper Green Homes Project), Series 2024-C, 5.00% <br> 2/1/2029 (put 2/1/2028)  | 485 | 505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Auth., Multi Family Housing Rev. Bonds (Forest Hills Village Project), Series 2024-A, 5.00% <br> 11/1/2027 (put 11/1/2026)  | 1000 | 1018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Prattville, Industrial Dev. Board, Improvement Rev. Ref. Bonds (International Paper Co. Project), Series <br> 2019-B, 3.45% 11/1/2033 (put 10/1/2031)  | 125 | 126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Selma, Industrial Dev. Board, Gulf Opportunity Zone Rev. Ref. Bonds (International Paper Co. Project), <br> Series 2019-A, 3.45% 11/1/2033 (put 10/1/2031)  | 305 | 309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southeast Energy Auth., Cooperative Dist. Energy Supply Rev. Bonds, Series 2025-B, 5.25% 3/1/2055 (put <br>1/1/2033)  | 5005 | 5394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southeast Energy Auth., Cooperative Dist. Energy Supply Rev. Bonds, Series 2025-C, 5.00% 5/1/2055 (put <br>2/1/2031)  | 10075 | 10850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southeast Energy Auth., Cooperative Dist., Gas Supply Rev. Bonds, Series 2025-F, 5.25% 11/1/2055 (put <br>11/1/2035)  | 1140 | 1266 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southeast Energy Auth., Commodity Supply Rev. Bonds (Project No. 1), Series 2021-A, 4.00% 11/1/2051 (put 10/<br> 1/2028)  | 1000 | 1023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southeast Energy Auth., Commodity Supply Rev. Bonds (Project No. 2), Series 2021-B-1, 4.00% 12/1/2051 <br>(put 12/1/2031)  | 450 | 463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southeast Energy Auth., Commodity Supply Rev. Bonds (Project No. 4), Series 2022-B-1, 5.00% 5/1/2053 <br>(put 8/1/2028)  | 3065 | 3191 |
|  |  | 68863 |
| **Alaska 0.74%** |  |  |
| GO Rev. Ref. Bonds, Series 2025-3, 5.00% 10/1/2026  | 300 | 306 |
| Housing Fin. Corp., General Mortgage Rev. Bonds, Series 2016-A, 2.15% 6/1/2026  | 495 | 491 |
| Housing Fin. Corp., General Mortgage Rev. Bonds, Series 2020-A, 3.25% 12/1/2044  | 2170 | 2146 |
| Housing Fin. Corp., General Mortgage Rev. Bonds, Series 2016-A, 3.50% 6/1/2046  | 15 | 15 |
| Housing Fin. Corp., General Mortgage Rev. Bonds, Series 2022-C, 5.75% 12/1/2052  | 1060 | 1119 |
| Housing Fin. Corp., General Mortgage Rev. Bonds, Series 2024-A, 6.00% 6/1/2054  | 420 | 453 |

---

American Funds Short-Term Tax-Exempt Bond Fund — Page 1 of 38

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Alaska (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Housing Fin. Corp., State Capital Project Bonds, Series 2022-B, 5.00% 6/1/2026  | USD550 | $557 |
| Housing Fin. Corp., State Capital Project Bonds, Series 2022-B, 5.00% 12/1/2026  | 725 | 743 |
| Housing Fin. Corp., State Capital Project Bonds, Series 2022-B, 5.00% 6/1/2027  | 590 | 611 |
| Housing Fin. Corp., State Capital Project Bonds, Series 2022-B, 5.00% 12/1/2027  | 600 | 628 |
| Industrial Dev. and Export Auth., Power Rev. Ref. Bonds, Series 2015, AMT, 5.00% 1/1/2033  | 950 | 951 |
| International Airport System, Rev. Ref. Bonds, Series 2021-C, AMT, 5.00% 10/1/2026  | 1500 | 1528 |
| International Airport System, Rev. Ref. Bonds, Series 2025-A, 5.00% 10/1/2028  | 1200 | 1280 |
| International Airport System, Rev. Ref. Bonds, Series 2021-C, AMT, 5.00% 10/1/2029  | 3185 | 3423 |
| North Slope Borough, GO Bonds, Series 2025, 5.00% 6/30/2027  | 2075 | 2152 |
|  |  | 16403 |
| **Arizona 1.59%** |  |  |
| City of Glendale, Industrial Dev. Auth., Rev. Bonds (Midwestern University), Series 2025, 5.00% 5/15/2027  | 500 | 516 |
| City of Glendale, Industrial Dev. Auth., Rev. Bonds (Midwestern University), Series 2025, 5.00% 5/15/2030  | 1000 | 1097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial Dev. Auth., Charter School Rev. Bonds (Equitable School Revolving Fund), Series 2023-A, 5.00% <br>11/1/2028  | 2950 | 3088 |
| Industrial Dev. Auth., Hospital Rev. Bonds (Phoenix Children's Hospital), Series 2021-A, 5.00% 2/1/2026  | 1200 | 1206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial Dev. Auth., Multi Family Housing Bonds (Ironwood Ranch Apartments Project), Series 2024, 5.00% <br> 2/1/2058 (put 9/1/2026)  | 1000 | 1014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial Dev. Auth., Multi Family Housing Bonds (The Ranches at Gunsmoke Project), Series 2024, 5.00% <br> 3/1/2058 (put 11/1/2026)  | 1000 | 1018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial Dev. Auth., Multi Family Housing Rev. Bonds (The Acacia At Youngtown Phase II Project), Series 2024, <br> 5.00% 11/1/2058 (put 7/1/2027)  | 12425 | 12694 |
| Industrial Dev. Auth., Rev. Bonds (Lincoln South Beltway Project), Series 2020, 5.00% 11/1/2025  | 1500 | 1500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Maricopa, Industrial Dev. Auth., Hospital Rev. Ref. Bonds (Honor Health), Series 2024-D, 5.00% 12/1/<br> 2026  | 1500 | 1536 |
| County of Maricopa, Industrial Dev. Auth., Rev. Bonds (Banner Health), Series 2016-A, 5.00% 1/1/2038  | 390 | 398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Maricopa, Industrial Dev. Auth., Rev. Bonds (Banner Health), Series 2023-A, 5.00% 1/1/2053 (put 5/15/<br> 2028)  | 455 | 475 |
| City of Phoenix Civic Improvement Corp., Airport Rev. Bonds, Series 2019-B, AMT, 5.00% 7/1/2029  | 1350 | 1445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Phoenix, Industrial Dev. Auth., Multi Family Housing Rev. Bonds (Memorial Towers Project), Series 2024-A, <br> 3.35% 12/1/2027  | 1665 | 1675 |
| Phoenix Union High School Dist. No. 210, Improvement Bonds (Project of 2023), Series 2025-B, 5.00% 7/1/2028  | 2000 | 2127 |
| Phoenix Union High School Dist. No. 210, Improvement Bonds (Project of 2023), Series 2025-B, 5.00% 7/1/2029  | 3025 | 3290 |
| County of Pinal, Pledged Rev. Ref. Obligations, Series 2025, BAM, 5.00% 8/1/2028  | 725 | 772 |
| County of Pinal, Pledged Rev. Ref. Obligations, Series 2025, BAM, 5.00% 8/1/2029  | 750 | 816 |
| Board of Regents of the Arizona State University System, Rev. Bonds, Series 2020-A, 5.00% 7/1/2026  | 300 | 305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Yavapai, Industrial Dev. Auth., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. Project), <br> Series 2002, AMT, 1.30% 6/1/2027  | 450 | 432 |
|  |  | 35404 |
| **California 9.66%** |  |  |
| Alvord Unified School Dist., GO Bonds, CAB, 2007 Election, Series 2011-B, AGI, 0% 8/1/2036  | 2000 | 1326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Bonds, Series 2018-A, 2.625% 4/1/2045 (put <br>4/1/2026)  | 1545 | 1541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Bonds, Series 2021-D, (SIFMA Municipal Swap Index <br> + 0.30%) 3.52% 4/1/2056 (put 4/1/2027) <sup>(a)</sup>  | 200 | 196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Bonds, Series 2021-C, (SIFMA Municipal Swap Index <br> + 0.45%) 3.67% 4/1/2056 (put 4/1/2026) <sup>(a)</sup>  | 730 | 727 |
| Burbank-Glendale-Pasadena Airport Auth., Airport Senior Rev. Bonds, Series 2024-B, AMT, 5.00% 7/1/2031  | 1000 | 1103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trustees of the California State University, Systemwide Rev. Bonds, Series 2016-B-2, 0.55% 11/1/2049 (put <br>11/1/2026)  | 945 | 921 |
| Clovis Unified School Dist., GO Bonds, CAB, 2001 Election, Series 2002-B, NATL, 0% 8/1/2027  | 1350 | 1291 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2023-B-1, 5.00% 7/1/2053 (put 8/<br> 1/2029)  | 6755 | 7146 |

---

American Funds Short-Term Tax-Exempt Bond Fund — Page 2 of 38

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **California (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2023-E-1, 5.00% 2/1/2054 (put <br>3/1/2031)  | USD2,435 | $2630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2024-A, 5.00% 5/1/2054 (put <br>4/1/2032)  | 3950 | 4305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2023-D, 5.50% 5/1/2054 (put <br>8/1/2028)  | 1500 | 1598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2024-B, 5.00% 1/1/2055 (put 12/<br> 1/2032)  | 1835 | 1950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2024-F, 5.00% 2/1/2055 (put <br>11/1/2032)  | 8345 | 9128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2024-C, 5.00% 8/1/2055 (put 10/<br> 1/2032)  | 4465 | 4793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2024-G, 5.00% 11/1/2055 (put <br>8/1/2032)  | 1000 | 1069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2024-H, 5.00% 1/1/2056 (put <br>8/1/2033)  | 815 | 910 |
| Educational Facs. Auth., Rev. Bonds (Stanford University), Series 2025-V-4, 5.00% 3/1/2055  | 560 | 642 |
| El Rancho Unified School Dist., GO Bonds, 2016 Election, Series 2023-D, BAM, 5.50% 8/1/2026  | 450 | 459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Fairfield, Community Facs. Dist. No. 2023-1 (One Lake Planning Area 5), Improvement Area No. 1, Special <br> Tax Bonds, Series 2024-A, 5.00% 9/1/2032  | 400 | 433 |
| Foothill/Eastern Transportation Corridor Agcy., Toll Road Rev. Ref. Bonds, Series 2013-A, 5.90% 1/15/2027  | 3000 | 3109 |
| Foothill/Eastern Transportation Corridor Agcy., Toll Road Rev. Ref. Bonds, Series 2013-A, 6.125% 1/15/2028  | 2000 | 2149 |
| GO Bonds, Series 2020, 4.00% 3/1/2028  | 500 | 517 |
| GO Rev. Ref. Bonds, Series 2019, 5.00% 4/1/2029  | 120 | 130 |
| GO Rev. Ref. Bonds, Series 2016, 4.00% 9/1/2031  | 1305 | 1317 |
| Hayward Unified School Dist., GO Rev. Ref. Bonds, Series 2025-B, AGI, 5.00% 8/1/2029  | 410 | 448 |
| Health Facs. Fncg. Auth., Rev. Bonds (Episcopal Communities & Services), Series 2024-A, 3.85% 11/15/2027  | 110 | 110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Facs. Fncg. Auth., Rev. Bonds (Providence St. Joseph Health), Series 2019-B, 5.00% 10/1/2039 (put 10/1/<br> 2027)  | 1000 | 1035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Limited Obligation Multi Family Housing Rev. Bonds (Symphony at Del Sur), Series 2023-V, <br> 5.00% 5/1/2054 (put 11/1/2026)  | 695 | 705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Infrastructure and Econ. Dev. Bank, Charter School Rev. Bonds (Equitable School Revolving Fund), Series 2022-B, <br> 5.00% 11/1/2025  | 115 | 115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Infrastructure and Econ. Dev. Bank, Rev. Ref. Bonds (Los Angeles County Museum of Art Project), Series 2021-B, <br> (SIFMA Municipal Swap Index + 0.60%) 3.92% 12/1/2050 (put 6/1/2026) <sup>(a)</sup>  | 945 | 943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Inglewood, Successor Agcy. to the Redev. Agcy., Tax Allocation Bonds (Merged Redev. Project), Series <br> 2017-A, BAM, 5.00% 5/1/2028  | 1490 | 1543 |
| Inglewood Unified School Dist., GO Bonds, 2020 Election, Series 2025-B, 5.00% 8/1/2030  | 175 | 194 |
| Inglewood Unified School Dist., GO Bonds, 2020 Election, Series 2025-B, 5.00% 8/1/2031  | 700 | 788 |
| Lake Tahoe Unified School Dist., GO Bonds, CAB, 2008 Election, Series 2009, AGI, 0% 8/1/2030  | 1030 | 910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Los Angeles, Dept. of Airports, Los Angeles International Airport, Rev. and Rev. Ref. Bonds, Series 2022-C, <br> AMT, 5.00% 5/15/2026  | 3500 | 3538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Los Angeles, Dept. of Airports, Los Angeles International Airport, Rev. and Rev. Ref. Bonds, Series 2021-A, <br> AMT, 5.00% 5/15/2027  | 1230 | 1266 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Los Angeles, Dept. of Airports, Los Angeles International Airport, Rev. and Rev. Ref. Green Bonds, Series <br> 2025-D, 5.00% 5/15/2030  | 800 | 901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Los Angeles, Dept. of Airports, Los Angeles International Airport, Rev. Bonds, Series 2020-C, AMT, 5.00% <br> 5/15/2026  | 1500 | 1516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Los Angeles, Dept. of Airports, Los Angeles International Airport, Rev. Bonds, Series 2019-F, AMT, 5.00% <br> 5/15/2028  | 3615 | 3804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Los Angeles, Dept. of Airports, Los Angeles International Airport, Rev. Bonds, Series 2021-D, AMT, 5.00% <br> 5/15/2028  | 500 | 526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Los Angeles, Dept. of Airports, Los Angeles International Airport, Rev. Bonds, Series 2022-G, AMT, 5.00% <br> 5/15/2028  | 2100 | 2210 |

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American Funds Short-Term Tax-Exempt Bond Fund — Page 3 of 38

------

**unaudited**

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **California (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Los Angeles, Dept. of Airports, Los Angeles International Airport, Rev. Ref. Green Bonds, Series 2023-A, <br> AMT, 5.00% 5/15/2028  | USD750 | $789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Los Angeles, Dept. of Airports, Los Angeles International Airport, Rev. Ref. Green Bonds, Series 2025-A, <br> AMT, 5.00% 5/15/2029  | 5165 | 5541 |
| City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2025-A, 5.00% 7/1/2028  | 425 | 445 |
| City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2023-A, 5.00% 7/1/2029  | 1915 | 2070 |
| City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2025-A, 5.00% 7/1/2030  | 750 | 826 |
| City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2025-C, 5.00% 7/1/2030  | 6610 | 7214 |
| City of Los Angeles, Dept. of Water and Power, Water System Rev. Bonds, Series 2023-A, 5.00% 7/1/2030  | 215 | 237 |
| City of Los Angeles, Dept. of Water and Power, Water System Rev. Bonds, Series 2025-B, 5.00% 7/1/2031  | 1750 | 1959 |
| City of Los Angeles, Dept. of Water and Power, Water System Rev. Bonds, Series 2025-B, 5.00% 7/1/2033  | 505 | 581 |
| City of Los Angeles, Harbor Dept., Rev. Ref. Bonds, Series 2024-A-1, AMT, 5.00% 8/1/2027  | 625 | 645 |
| City of Los Angeles, Wastewater System Rev. Ref. Bonds, Series 2022-C, 5.00% 6/1/2026  | 500 | 508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Los Angeles Unified School Dist., GO Dedicated Unlimited Ad Valorem Property Tax Bonds, Series 2020-C, 5.00% <br> 7/1/2026  | 295 | 300 |
| Madera Unified School Dist., GO Bonds, CAB, 2006 Election, Series 2007, NATL, 0% 8/1/2028  | 1680 | 1556 |
| Manteca Unified School Dist., GO Bonds, CAB, 2004 Election, Series 2006, NATL, 0% 8/1/2031  | 1250 | 1071 |
| Monrovia Unified School Dist., GO Bonds, CAB, 2006 Election, Series 2009-B, AGI, 0% 8/1/2029  | 1150 | 1043 |
| Mt. Diablo Unified School Dist., GO Rev. Ref. Bonds, Series 2025, 5.00% 8/1/2029  | 1800 | 1987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Fin. Auth., Multi Family Housing Rev. Bonds (Martha Gardens Apartments), Series 2024-A-2, 3.45% <br> 12/1/2029 (put 12/1/2028)  | 1920 | 1941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Fin. Auth., Multi Family Housing Rev. Bonds (View At San Bruno), Series 2024-A-1, 5.00% 6/1/2056 (put <br> 7/1/2028)  | 1690 | 1787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Fin. Auth., Solid Waste Disposal Rev. Bonds (Republic Services, Inc. Project), Series 2023-A, AMT, <br> 4.375% 9/1/2053 (put 9/1/2033)  | 5080 | 5315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Fin. Auth., Solid Waste Disposal Rev. Bonds (Republic Services, Inc. Project), Series 2024-A, AMT, <br> 3.875% 3/1/2054 (put 3/1/2034)  | 2750 | 2767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Fin. Auth., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. Project), Series 2009-A, 3.30% <br> 2/1/2039 (put 2/1/2028) <sup>(b)</sup>  | 1755 | 1755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Fin. Auth., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. Project), Series 2022-A, AMT, <br> 3.45% 10/1/2041 (put 10/2/2028)  | 3110 | 3118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Fin. Auth., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. Project), Series 2019-A, AMT, <br> 2.40% 10/1/2044 (put 10/1/2029)  | 5280 | 5093 |
| New Haven Unified School Dist., GO Bonds, CAB, Series 2008-C, AGI, 0% 8/1/2029  | 7650 | 6927 |
| North Natomas Community Facs. Dist. No. 4, Special Tax Rev. Ref. Bonds, Series 2023-G, AGI, 5.00% 9/1/2028  | 1500 | 1598 |
| Port of Oakland, Rev. Ref. Bonds, Series 2021-H, AMT, 5.00% 5/1/2028 (escrowed to maturity)  | 30 | 32 |
| Port of Oakland, Rev. Ref. Bonds, Series 2021-H, AMT, 5.00% 5/1/2029  | 615 | 658 |
| Peralta Community College Dist., GO Bonds, 2018 Election, Series 2025-C-1, 5.00% 8/1/2026  | 5000 | 5098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pollution Control Fncg. Auth., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. Project), Series 2001-A, <br> AMT, 4.20% 7/1/2031 (put 7/2/2029)  | 2000 | 2030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pollution Control Fncg. Auth., Solid Waste Disposal Rev. Ref. Bonds (Waste Management, Inc. Project), Series <br> 2015-B-1, AMT, 3.00% 11/1/2025  | 500 | 500 |
| Public Works Board, Lease Rev. Bonds (Various Capital Projects), Series 2025-C, 5.00% 11/1/2027  | 1550 | 1626 |
| Public Works Board, Lease Rev. Bonds (Various Capital Projects), Series 2016-C, 4.00% 11/1/2031  | 1560 | 1576 |
| Public Works Board, Lease Rev. Ref. Bonds (Various Capital Projects), Series 2023-C, 5.00% 9/1/2026  | 500 | 510 |
| Public Works Board, Lease Rev. Ref. Bonds (Various Capital Projects), Series 2023-C, 5.00% 9/1/2029  | 1300 | 1422 |
| Rialto Unified School Dist., GO Bonds, 2022 Election, Series 2023, BAM, 0% 8/1/2030  | 340 | 297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Sacramento, Municipal Utility Dist., Electric Rev. Ref. Green Bonds, Series 2025-J, 5.00% 8/15/2055 (put <br> 10/15/2031)  | 1015 | 1144 |
| Sacramento Unified School Dist., GO Rev. Ref. Bonds, Series 2022, BAM, 5.00% 7/1/2027  | 685 | 713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of San Diego, Housing Auth., Multi Family Housing Rev. Bonds, Series 2023-B, 5.00% 5/1/2057 (put <br>11/1/2026)  | 1000 | 1015 |
| County of San Diego, Regional Airport Auth., Airport Rev. Bonds, Series 2023-B, AMT, 5.00% 7/1/2028  | 1570 | 1656 |
| San Diego Unified School Dist., GO Bonds, CAB, Series 2009-1, 0% 7/1/2030 (escrowed to maturity)  | 1800 | 1583 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **California (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City and County of San Francisco, Airport Commission, San Francisco International Airport, Rev. Bonds, Series <br> 2018-G, AMT, 5.00% 5/1/2027  | USD780 | $803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City and County of San Francisco, Airport Commission, San Francisco International Airport, Rev. Bonds, Series <br> 2025-A-2, AMT, 5.00% 5/1/2029  | 2000 | 2140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City and County of San Francisco, Airport Commission, San Francisco International Airport, Special Facs. Lease <br> Rev. Bonds (SFO Fuel Co., LLC), Series 2019-A, AMT, 5.00% 1/1/2026  | 1500 | 1504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City and County of San Francisco, Public Utilities Commission, Wastewater Rev. Green Bonds, Series 2023-C, <br> 4.00% 10/1/2048 (put 10/1/2029)  | 1515 | 1589 |
| San Francisco Unified School Dist., GO Bonds, 2016 Election, Series 2022-C, 5.00% 6/15/2027  | 1175 | 1225 |
| City of San Jose, Multi Family Housing Rev. Bonds (Parkmoor), Series 2023-F-2, 5.00% 6/1/2027 (put 6/1/2026)  | 260 | 263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Santa Margarita Water Dist., Community Facs. Dist. No. 99-1 (Talega), Special Tax Rev. Ref. Bonds, Series 2014-B, <br> 5.00% 9/1/2029  | 1150 | 1152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southern California Public Power Auth., Clean Energy Project Rev. Bonds, Series 2024-A, 5.00% 4/1/2055 (put <br>9/1/2030)  | 500 | 541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southern California Public Power Auth., Rev. Ref. Bonds (Canyon Power Project), Series 2025-B, 3.70% 7/1/2040 <br> (put 7/1/2027)  | 7800 | 7810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southern California Public Power Auth., Rev. Ref. Bonds (Milford Wind Corridor Phase I Project), Series 2019-1, <br> 5.00% 7/1/2029  | 1500 | 1621 |
| Statewide Communities Dev. Auth., Rev. Bonds (Kaiser Foundation Hospitals), Series 2025-A, 5.00% 10/1/2028 <sup>(b)</sup>  | 15500 | 16552 |
| Statewide Communities Dev. Auth., Rev. Bonds (Kaiser Foundation Hospitals), Series 2025-B, 5.00% 10/1/2032 <sup>(b)</sup>  | 3000 | 3454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Statewide Communities Dev. Auth., Rev. Ref. Bonds (Enloe Medical Center), Series 2015, 5.00% 8/15/2028 <br> (preref. 2/15/2026)  | 250 | 252 |
| Stockton Unified School Dist., GO Rev. Ref. Bonds, Series 2023-B, AGI, 5.00% 8/1/2027  | 800 | 837 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tobacco Securitization Auth. of Southern California, Tobacco Settlement Asset-Backed Rev. Ref. Bonds (San <br> Diego County Tobacco Asset Securitization Corp.), Series 2019-A-1, 5.00% 6/1/2027  | 1605 | 1659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tobacco Securitization Auth. of Southern California, Tobacco Settlement Asset-Backed Rev. Ref. Bonds (San <br> Diego County Tobacco Asset Securitization Corp.), Series 2019-A, 5.00% 6/1/2028  | 750 | 791 |
| Tulare Joint Union High School Dist., GO Bonds, CAB, 2004 Election, Series 2004-A, NATL, 0% 8/1/2026  | 500 | 490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Tustin, Community Facs. Dist. No. 06-1 (Tustin Legacy / Columbus Villages), Special Tax Rev. Ref. Bonds, <br> Series 2015-A, 5.00% 9/1/2030  | 2750 | 2769 |
| Ukiah Unified School Dist., GO Bonds, CAB, 2005 Election, Series 2006, NATL, 0% 8/1/2028  | 500 | 465 |
| Regents of the University of California, General Rev. Bonds, Series 2025-BZ, 5.00% 5/15/2028  | 5000 | 5350 |
| Regents of the University of California, Limited Project Rev. Bonds, Series 2022-S, 5.00% 5/15/2026  | 25 | 25 |
| Various Purpose GO Bonds, Series 2025, 5.00% 3/1/2028  | 1985 | 2100 |
| Various Purpose GO Bonds, Series 2025, 5.00% 8/1/2033  | 510 | 599 |
| Various Purpose GO Rev. Ref. Bonds, Series 2025, 5.00% 3/1/2030  | 1250 | 1386 |
| Various Purpose GO Rev. Ref. Bonds, Series 2025, 5.00% 8/1/2030  | 2000 | 2237 |
| Various Purpose GO Rev. Ref. Bonds, Series 2025, 5.00% 8/1/2033  | 3180 | 3733 |
| Dept. of Veterans Affairs, Home Purchase Rev. Bonds, Series 2016-B, 3.50% 12/1/2045  | 45 | 45 |
| Dept. of Veterans Affairs, Home Purchase Rev. Bonds, Series 2022-A, 5.50% 12/1/2052  | 1355 | 1425 |
| Dept. of Veterans Affairs, Veterans GO Bonds, Series 2019-CS, 4.00% 12/1/2049  | 865 | 869 |
| Dept. of Veterans Affairs, Veterans GO Bonds, Series 2020-CT, 3.00% 12/1/2050  | 2475 | 2461 |
| Dept. of Veterans Affairs, Veterans GO Bonds, Series 2022-CU, 5.50% 12/1/2052  | 315 | 331 |
| Walnut Valley Unified School Dist., GO Bonds, CAB, 2007 Election, Series 2011-B, 0% 8/1/2031  | 1030 | 833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dept. of Water Resources, Water System Rev. Bonds (Central Valley Project), Series 2016-AW, 5.00% 12/1/2033 <br> (preref. 12/1/2026)  | 230 | 237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dept. of Water Resources, Water System Rev. Bonds (Central Valley Project), Series 2017-AX, 5.00% 12/1/2033 <br> (preref. 12/1/2027)  | 245 | 259 |
| Wright Elementary School Dist., GO Bonds, CAB, Series 2003-A, NATL, 0% 8/1/2028  | 320 | 295 |
|  |  | 214977 |

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American Funds Short-Term Tax-Exempt Bond Fund — Page 5 of 38

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Colorado 3.02%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Adams County School Dist. No. 14, GO Bonds, Series 2025, 5.00% 12/1/2033  | USD1,180 | $1371 |
| Bridge and Tunnel Enterprise, Infrastructure Rev. Bonds, Series 2025-A, AGI, 5.00% 12/1/2031  | 1000 | 1130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City and County of Broomfield, Baseline Metropolitan Dist. No. 1, Special Rev. Ref. and Improvement Bonds, <br> Series 2024-A, AGI, 5.00% 12/1/2027  | 1000 | 1044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City and County of Broomfield, Baseline Metropolitan Dist. No. 1, Special Rev. Ref. and Improvement Bonds, <br> Series 2024-A, AGI, 5.00% 12/1/2029  | 400 | 435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canyons Metropolitan Dist. No. 5, Limited Tax GO and Special Rev. Ref. and Improvement Bonds, Series 2024-A, <br> BAM, 5.00% 12/1/2028  | 200 | 211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canyons Metropolitan Dist. No. 5, Limited Tax GO and Special Rev. Ref. and Improvement Bonds, Series 2024-A, <br> BAM, 5.00% 12/1/2029  | 200 | 215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canyons Metropolitan Dist. No. 5, Limited Tax GO and Special Rev. Ref. and Improvement Bonds, Series 2024-A, <br> BAM, 5.00% 12/1/2031  | 200 | 221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canyons Metropolitan Dist. No. 5, Limited Tax GO and Special Rev. Ref. and Improvement Bonds, Series 2024-A, <br> BAM, 5.00% 12/1/2032  | 250 | 280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canyons Metropolitan Dist. No. 5, Limited Tax GO and Special Rev. Ref. and Improvement Bonds, Series 2024-A, <br> BAM, 5.00% 12/1/2033  | 250 | 282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canyons Metropolitan Dist. No. 5, Limited Tax GO and Special Rev. Ref. and Improvement Bonds, Series 2024-A, <br> BAM, 5.00% 12/1/2034  | 250 | 283 |
| City and County of Denver, Airport System Rev. Bonds, Series 2022-A, AMT, 5.00% 11/15/2027  | 1995 | 2078 |
| City and County of Denver, Airport System Rev. Bonds, Series 2022-A, AMT, 5.00% 11/15/2028  | 4500 | 4779 |
| City and County of Denver, Airport System Rev. Bonds, Series 2022-B, 5.00% 11/15/2028  | 125 | 134 |
| City and County of Denver, Airport System Rev. Bonds, Series 2018-A, AMT, 5.00% 12/1/2029  | 1000 | 1059 |
| City and County of Denver, Airport System Rev. Bonds, Series 2018-A, AMT, 5.00% 12/1/2031  | 1625 | 1718 |
| City and County of Denver, Dept. of Aviation, Airport System Rev. Bonds, Series 2018-A, AMT, 5.00% 12/1/2027  | 1500 | 1560 |
| City and County of Denver, Dept. of Aviation, Airport System Rev. Bonds, Series 2022-A, AMT, 5.00% 11/15/2029  | 2000 | 2158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City and County of Denver, Park Creek Metropolitan Dist., Limited Property Tax Supported Rev. Ref. Bonds, Series <br> 2015-A, NATL, 5.00% 12/1/2033  | 1055 | 1057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Facs. Auth., Hospital Rev. Bonds (AdventHealth Obligated Group), Series 2025-A, 5.00% 11/15/2060 (put <br> 11/15/2030)  | 2160 | 2363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Facs. Auth., Hospital Rev. Bonds (Parkview Medical Center, Inc. Project), Series 2016, 5.00% 9/1/2046 <br> (preref. 9/1/2026)  | 125 | 127 |
| Health Facs. Auth., Rev. Bonds (CommonSpirit Health), Series 2025-A, 5.00% 9/1/2029  | 8170 | 8762 |
| Health Facs. Auth., Rev. Bonds (CommonSpirit Health), Series 2025-A, 5.00% 9/1/2032  | 4050 | 4539 |
| Health Facs. Auth., Rev. Bonds (Covenant Living Communities and Services), Series 2025-A, 5.00% 12/1/2026  | 740 | 751 |
| Health Facs. Auth., Rev. Bonds (Covenant Living Communities and Services), Series 2025-A, 5.00% 12/1/2027  | 800 | 823 |
| Health Facs. Auth., Rev. Bonds (Covenant Living Communities and Services), Series 2025-A, 5.00% 12/1/2028  | 1000 | 1043 |
| Housing and Fin. Auth., Multi Family Housing Bonds, Series 2024-B-2, Class I, 3.10% 10/1/2027  | 5295 | 5317 |
| Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2017-C, Class I, 4.00% 5/1/2048  | 240 | 240 |
| Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2018-B-1, Class I, 4.00% 11/1/2048  | 225 | 225 |
| Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2018-C, Class I, 4.25% 11/1/2048  | 305 | 307 |
| Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2019-C, Class I, 4.25% 5/1/2049  | 2230 | 2243 |
| Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2019-E, Class I, 4.25% 5/1/2049  | 455 | 458 |
| Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2021-E, Class I, 3.00% 11/1/2051  | 1285 | 1267 |
| Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2021-L, Class I, 3.25% 11/1/2051  | 1550 | 1533 |
| Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2022-B, Class I, 3.25% 5/1/2052  | 4020 | 3977 |
| Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2022-E, Class I, 5.25% 11/1/2052  | 3820 | 3950 |
| Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2023-I, Class III, 6.00% 5/1/2053  | 1245 | 1352 |
| Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2025-F, Class I, 6.50% 5/1/2055  | 1670 | 1898 |
| Joint School Dists. No. 28J, GO Bonds, Series 2025, 5.50% 12/1/2026  | 1000 | 1031 |
| Metro Water Recovery, Sewer Rev. Ref. Bonds, Series 2025-A, 5.00% 4/1/2028  | 3800 | 4023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regional Transportation Dist., Private Activity Bonds (Denver Transit Partners Eagle P3 Project), Series 2020-B, <br> 3.00% 1/15/2026  | 325 | 325 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Colorado (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regional Transportation Dist., Private Activity Bonds (Denver Transit Partners Eagle P3 Project), Series 2020-A, <br> 5.00% 7/15/2027  | USD205 | $210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regional Transportation Dist., Private Activity Bonds (Denver Transit Partners Eagle P3 Project), Series 2020-A, <br> 5.00% 1/15/2029  | 400 | 420 |
|  |  | 67199 |
| **Connecticut 1.10%** |  |  |
| GO Bonds, Series 2022-A, 4.00% 1/15/2026  | 1065 | 1068 |
| GO Rev. Ref. Bonds, Series 2015-F, 5.00% 11/15/2031  | 1500 | 1501 |
| Health and Educational Facs. Auth., Rev. Bonds (Hartford Healthcare Issue), Series 2021-A, 5.00% 7/1/2028  | 925 | 975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health and Educational Facs. Auth., Rev. Bonds (Yale University Issue), Series 2014-A, 2.80% 7/1/2048 (put 2/10/<br> 2026)  | 5000 | 4993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Higher Education Supplemental Loan Auth., Rev. Bonds (Chesla Loan Program), Series 2021-B, AMT, 5.00% <br>11/15/2027  | 750 | 770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Higher Education Supplemental Loan Auth., Rev. Bonds (Chesla Loan Program), Series 2021-B, AMT, 5.00% <br>11/15/2028  | 545 | 568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Higher Education Supplemental Loan Auth., Rev. Bonds (Chesla Loan Program), Series 2025-B-1, AMT, 5.25% 11/<br> 15/2028  | 495 | 519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Higher Education Supplemental Loan Auth., Rev. Bonds (Chesla Loan Program), Series 2021-B, AMT, 5.00% 11/<br> 15/2029  | 560 | 590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Higher Education Supplemental Loan Auth., Rev. Bonds (Chesla Loan Program), Series 2025-B-1, AMT, 5.25% 11/<br> 15/2029  | 1590 | 1689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Higher Education Supplemental Loan Auth., Rev. Bonds (Chesla Loan Program), Series 2021-B, AMT, 5.00% 11/<br> 15/2030  | 440 | 468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Higher Education Supplemental Loan Auth., Rev. Bonds (Chesla Loan Program), Series 2025-B-1, AMT, 5.25% 11/<br> 15/2030  | 1840 | 1977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Higher Education Supplemental Loan Auth., Rev. Bonds (Chesla Loan Program), Series 2025-B-1, AMT, 5.25% 11/<br> 15/2031  | 2500 | 2715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Higher Education Supplemental Loan Auth., Rev. Bonds (Chesla Loan Program), Series 2024-B, AMT, 4.125% <br>11/15/2040  | 1135 | 1124 |
| Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2018-A-2, AMT, 4.00% 11/15/2041  | 610 | 610 |
| Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2018-E-1, 4.25% 5/15/2042  | 445 | 447 |
| Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2019-F-1, 3.50% 11/15/2043  | 365 | 364 |
| Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2016-E-1, 3.50% 11/15/2046  | 45 | 45 |
| Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2017-A-1, 4.00% 11/15/2047  | 705 | 706 |
| Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2017-C-1, 4.00% 11/15/2047  | 350 | 350 |
| Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2017-D-1, 4.00% 11/15/2047  | 435 | 435 |
| Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2021-B-1, 3.00% 11/15/2049  | 980 | 964 |
| Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2022-A-1, 3.50% 11/15/2051  | 575 | 572 |
| Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2023-B, 5.75% 11/15/2053  | 920 | 978 |
|  |  | 24428 |
| **Delaware 0.12%** |  |  |
| Econ. Dev. Auth., Gas Facs. Rev. Ref. Bonds (Delmarva Power & Light Co. Project), Series 2020-A, 3.60% 1/1/2031  | 1560 | 1610 |
| GO Rev. Ref. Bonds, Series 2020-B, 5.00% 7/1/2028  | 1005 | 1071 |
|  |  | 2681 |
| **District of Columbia 1.42%** |  |  |
| GO Bonds, Series 2021-D, 5.00% 2/1/2030  | 700 | 769 |
| GO Bonds, Series 2024-A, 5.00% 8/1/2030  | 490 | 544 |
| Hospital Rev. Ref. Bonds (Children's Hospital Obligated Group Issue), Series 2015, 5.00% 7/15/2035  | 800 | 803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Collateralized Multi Family Housing Rev. Bonds (Belmont Crossing Phase II), Series 2025, <br> 5.00% 3/1/2029 (put 2/1/2028)  | 1590 | 1652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Collateralized Multi Family Housing Rev. Bonds (The Edmonson), Series 2024, 5.00% <br> 12/1/2028 (put 12/1/2027)  | 695 | 723 |

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American Funds Short-Term Tax-Exempt Bond Fund — Page 7 of 38

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **District of Columbia (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Income Tax Secured Rev. Ref. Bonds, Series 2019-C, 5.00% 10/1/2026  | USD3,385 | $3456 |
| Income Tax Secured Rev. Ref. Bonds, Series 2025-A, 5.00% 6/1/2031  | 1795 | 2024 |
| Income Tax Secured Rev. Ref. Bonds, Series 2025-A, 5.00% 6/1/2032  | 850 | 973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington DC Airports Auth., Airport System Rev. and Rev. Ref. Bonds, Series 2017-A, AMT, 5.00% <br> 10/1/2026  | 1000 | 1018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington DC Airports Auth., Airport System Rev. and Rev. Ref. Bonds, Series 2021-A, AMT, 5.00% <br> 10/1/2026  | 1500 | 1526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington DC Airports Auth., Airport System Rev. Ref. Bonds, Series 2022-A, AMT, 5.00% <br>10/1/2026  | 2000 | 2035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington DC Airports Auth., Airport System Rev. Ref. Bonds, Series 2020-B, AMT, 5.00% <br>10/1/2027  | 1000 | 1035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington DC Airports Auth., Airport System Rev. Ref. Bonds, Series 2022-A, AMT, 5.00% <br>10/1/2027  | 490 | 507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington DC Airports Auth., Airport System Rev. Ref. Bonds, Series 2017-A, AMT, 5.00% 10/1/<br> 2028  | 1375 | 1427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington DC Airports Auth., Airport System Rev. Ref. Bonds, Series 2020-A, AMT, 5.00% <br>10/1/2029  | 1075 | 1156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington DC Airports Auth., Airport System Rev. Ref. Bonds, Series 2024-A, AMT, 5.00% <br>10/1/2029  | 5000 | 5376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington DC Airports Auth., Airport System Rev. Ref. Bonds, Series 2024-A, AMT, 5.00% <br>10/1/2033  | 560 | 633 |
| Metropolitan Washington DC Airports Auth., Rev and Rev. Ref. Bonds, Series 2021-A, AMT, 5.00% 10/1/2028  | 1500 | 1589 |
| Rev. Ref. Bonds (National Public Radio, Inc. Issue), Series 2016, 5.00% 4/1/2028 (preref. 4/1/2026)  | 230 | 232 |
| Rev. Ref. Bonds (National Public Radio, Inc. Issue), Series 2016, 5.00% 4/1/2029 (preref. 4/1/2026)  | 225 | 227 |
| Water and Sewer Auth., Public Utility Multimodal Rev. Bonds, Series 2022-E, 3.00% 10/1/2057 (put 10/1/2027)  | 4000 | 3962 |
|  |  | 31667 |
| **Florida 3.14%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Alachua, Health Facs. Auth., Continuing Care Retirement Community Rev. Bonds (Oak Hammock at the <br> University of Florida, Inc. Project), Series 2025-B-3, 3.625% 10/1/2030  | 520 | 521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Brevard, Housing Fin. Auth., Multi Family Housing Rev. Bonds (Emerald Place Apartments), Series <br> 2025, 3.30% 2/1/2028 (put 2/1/2027)  | 1285 | 1289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Broward, Housing Fin. Auth., Multi Family Housing Rev. Bonds (Pinnacle 441 Phase 2), Series 2023, <br> 4.05% 9/1/2056 (put 3/1/2026)  | 1755 | 1760 |
| County of Broward, Port Facs. Rev. Ref. Bonds, Series 2019-D, AMT, 5.00% 9/1/2026  | 1535 | 1557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Trust Auth., Health Care Facs. Rev. and Rev. Ref. Bonds (UF Health Projects), Series 2025-A, 5.00% 12/1/<br> 2032  | 6575 | 7344 |
| Central Florida Expressway Auth., Rev. Ref. Bonds, Series 2016-B, 4.00% 7/1/2035 (preref. 7/1/2026)  | 8645 | 8720 |
| Board of Education, Lottery Rev. Ref. Bonds, Series 2016-B, 5.00% 7/1/2027  | 3175 | 3223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greater Orlando Aviation Auth., Airport Facs. Rev. Bonds, Series 2016-A, AMT, 5.00% 10/1/2029 (preref. 10/1/<br> 2026)  | 1000 | 1017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greater Orlando Aviation Auth., Airport Facs. Rev. Bonds, Series 2017-A, AMT, 5.00% 10/1/2030 (preref. 10/1/<br> 2027)  | 1025 | 1062 |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2017-1, 4.00% 7/1/2048  | 95 | 95 |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2018-1, 4.00% 7/1/2049  | 310 | 310 |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2018-2, 4.25% 1/1/2050  | 515 | 517 |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2020-2, 3.00% 7/1/2051  | 210 | 207 |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2020-1, 3.50% 7/1/2051  | 385 | 383 |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2021-2, 3.00% 7/1/2052  | 3835 | 3773 |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2022-1, 3.50% 7/1/2052  | 665 | 662 |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2023-3, 5.75% 1/1/2054  | 990 | 1073 |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2024-5, 6.25% 1/1/2055  | 405 | 445 |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2024-1, 6.25% 7/1/2055  | 895 | 996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Corp., Multi Family Mortgage Housing Rev. Bonds (Brownsville Transit Village V), Series 2024-B, <br> 3.35% 10/1/2027 (put 10/1/2026)  | 1235 | 1235 |

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American Funds Short-Term Tax-Exempt Bond Fund — Page 8 of 38

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Florida (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Corp., Multi Family Mortgage Rev. Bonds (Residences at Marina Village), Series 2025-S, 2.85% <br> 10/1/2043 (put 10/1/2028)  | USD2,980 | $2942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jacksonville Housing Fin. Auth., Multi Family Housing Rev. Bonds (Egret Landing), Series 2025, 3.40% 7/1/2058 <br> (put 7/1/2028)  | 1400 | 1405 |
| County of Lee, Airport Rev. Bonds, Series 2021-B, AMT, 5.00% 10/1/2029  | 350 | 375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Lee, Housing Fin. Auth., Multi Family Housing Rev. Bonds (Ekos on Evans), Series 2025, 3.50% <br> 12/1/2042 (put 12/1/2027)  | 2850 | 2868 |
| County of Miami-Dade, Aviation Rev. Ref. Bonds, Series 2024-A, AMT, 5.00% 10/1/2029  | 1665 | 1783 |
| County of Miami-Dade, Aviation Rev. Ref. Bonds, Series 2024-A, AMT, 5.00% 10/1/2032  | 1000 | 1113 |
| County of Miami-Dade, Seaport Rev. Ref. Bonds, Series 2022-A, AMT, 5.00% 10/1/2030  | 2670 | 2890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Miami-Dade, Housing Fin. Auth., Multi Family Housing Rev. Bonds (Residences At Palm Court), Series <br> 2025-B, 2.95% 9/1/2029 (put 9/1/2028)  | 1490 | 1478 |
| North Miami Community Redev. Agcy., Redev. Rev. Bonds, Series 2024, 5.00% 3/1/2026  | 1000 | 1006 |
| County of Okaloosa, Mid-Bay Bridge Auth., Rev. Ref. Bonds, Series 2025, 5.00% 10/1/2030  | 5000 | 5479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Orange, Health Facs. Auth., Hospital Rev. Bonds (Orlando Health Obligated Group), Series 2019-A, <br> 5.00% 10/1/2026  | 500 | 510 |
| Orlando Utilities Commission, Utility System Rev. Bonds, Series 2024-A, 5.00% 10/1/2031  | 500 | 568 |
| Orlando Utilities Commission, Utility System Rev. Bonds, Series 2024-A, 5.00% 10/1/2032  | 500 | 576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Pinellas, Housing Fin. Auth., Multi Family Housing Rev. Bonds (Indigo Apartments), Series 2025, 3.40% <br> 7/1/2028 (put 7/1/2027)  | 2590 | 2598 |
| City of Tampa, Hospital Rev. Bonds (H. Lee Moffitt Cancer Center Project), Series 2020-B, 5.00% 7/1/2026  | 100 | 101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dept. of Transportation, Right-of-Way Acquisition and Bridge Construction Bonds, Series 2016-A, 5.00% 7/1/<br> 2027  | 315 | 320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dept. of Transportation, Right-of-Way Acquisition and Bridge Construction Bonds, Series 2018-B, 5.00% 7/1/<br> 2027  | 445 | 462 |
| Dept. of Transportation, Turnpike Rev. Bonds, Series 2025-D, 5.00% 7/1/2028  | 4165 | 4424 |
| Dept. of Transportation, Turnpike Rev. Ref. Bonds, Series 2023-A, 5.00% 7/1/2026  | 1515 | 1538 |
| Dept. of Transportation Fncg. Corp., Rev. Bonds, Series 2022, 5.00% 7/1/2026  | 1000 | 1015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Wildwood, Village Community Dev. Dist. No. 15, Special Assessment Rev. Bonds, Series 2024, 3.75% <br> 5/1/2029 <sup>(b)</sup>  | 355 | 357 |
|  |  | 69997 |
| **Georgia 2.46%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Athens Housing Auth., Multi Family Housing Rev. Bonds, (North Downtown Athens Phase II), Series 2025, 3.23% <br> 6/1/2045 (put 6/1/2029)  | 2305 | 2306 |
| City of Atlanta, Airport General Rev. Ref. Bonds, Series 2021-B, 5.00% 7/1/2027  | 430 | 448 |
| City of Atlanta, Airport General Rev. Ref. Bonds, Series 2021-C, AMT, 5.00% 7/1/2028  | 665 | 701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Atlanta, Urban Residential Fin. Auth., Multi Family Housing Rev. Bonds (Martin House), Series 2025, 3.20% <br> 5/1/2029 (put 5/1/2028)  | 2600 | 2598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Atlanta, Urban Residential Fin. Auth., Multi Family Rev. Bonds (Metropolitan Place), Series 2024, 2.99% <br> 10/1/2042 (put 10/1/2027)  | 5600 | 5610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Atlanta, Urban Residential Fin. Auth., Multi Family Rev. Bonds (North Block), Series 2025, 3.40% 2/1/2029 <br> (put 2/1/2028)  | 1050 | 1059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Bartow, Dev. Auth., Pollution Control Rev. Bonds (Georgia Power Co. Plant Bowen Project), Series <br> 1997-1, 1.80% 9/1/2029  | 560 | 508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Burke, Dev. Auth., Pollution Control Rev. Bonds (Georgia Power Co. Plant Vogtle Project), Series <br> 2012-01, 2.90% 12/1/2049 (put 8/21/2029)  | 6155 | 6102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Burke, Dev. Auth., Pollution Control Rev. Bonds (Georgia Power Co. Plant Vogtle Project), Series <br> 2012-2, 3.30% 12/1/2049 (put 8/21/2029)  | 930 | 935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Columbus, Housing Auth., Multi Family Housing Rev. Bonds (HACG RAD II Project), Series 2025, 3.30% <br> 11/1/2028 (put 11/1/2027)  | 875 | 880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Decatur, Housing Auth., Multi Family Housing Rev. Bonds (Philips Tower Project), Series 2025, 3.25% <br> 9/1/2028 (put 9/1/2027)  | 1050 | 1054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Fayette Dev., Auth. Rev. Bonds (United States Soccer Federation, Inc. Project), Series 2024, 5.00% <br>10/1/2026  | 440 | 447 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Georgia (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Fayette Dev., Auth. Rev. Bonds (United States Soccer Federation, Inc. Project), Series 2024, 5.00% <br>10/1/2027  | USD670 | $692 |
| GO Bonds, Series 2015-A, 5.00% 2/1/2027  | 1000 | 1002 |
| GO Rev. Ref. Bonds, Series 2016-E, 5.00% 12/1/2027  | 500 | 513 |
| City of Homerville, Housing Auth. Multi Family Housing Rev. Bonds, Series 2024, 3.45% 1/1/2028 (put 1/1/2027)  | 1245 | 1250 |
| Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2016-A-1, 3.50% 12/1/2046  | 15 | 15 |
| Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2017-A, 4.00% 12/1/2047  | 235 | 235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Lawrenceville, Housing Auth., Multi Family Housing Rev. Bonds (Applewood Towers Project), Series <br> 2024-B, 5.00% 10/1/2028 (put 10/1/2027)  | 505 | 523 |
| Main Street Natural Gas, Inc., Gas Project Rev. Bonds, Series 2007-A, 5.50% 9/15/2028  | 1500 | 1586 |
| Main Street Natural Gas, Inc., Gas Supply Rev. Bonds, Series 2019-A, 5.00% 5/15/2026  | 3000 | 3023 |
| Main Street Natural Gas, Inc., Gas Supply Rev. Bonds, Series 2021-A, 4.00% 7/1/2052 (put 9/1/2027)  | 1250 | 1268 |
| Main Street Natural Gas, Inc., Gas Supply Rev. Bonds, Series 2023-C, 5.00% 9/1/2053 (put 12/1/2029)  | 2465 | 2638 |
| Main Street Natural Gas, Inc., Gas Supply Rev. Bonds, Series 2024-D, 5.00% 4/1/2054 (put 4/1/2031)  | 2045 | 2220 |
| Main Street Natural Gas, Inc., Gas Supply Rev. Bonds, Series 2024-A, 5.00% 5/1/2054 (put 9/1/2031)  | 4390 | 4750 |
| Main Street Natural Gas, Inc., Gas Supply Rev. Bonds, Series 2024-B, 5.00% 12/1/2054 (put 3/1/2032)  | 4695 | 5110 |
| Municipal Electric Auth., Combined Cycle Project Rev. Bonds, Series 2020-A, 4.00% 11/1/2025  | 1400 | 1400 |
| Municipal Electric Auth., General Resolution Projects Bonds, Series 2021-A, 4.00% 1/1/2027  | 270 | 274 |
| Municipal Electric Auth., General Resolution Projects Bonds, Series 2024-A, 5.00% 1/1/2030  | 300 | 326 |
| Municipal Electric Auth., Plant Vogtle Units 3 and 4 Project M Bonds, Series 2021-A, AGI, 5.00% 1/1/2026  | 280 | 281 |
| Municipal Electric Auth., Plant Vogtle Units 3 and 4 Project M Bonds, Series 2021-A, AGI, 5.00% 1/1/2027  | 220 | 226 |
| Municipal Electric Auth., Plant Vogtle Units 3 and 4 Project M Bonds, Series 2023-A, AGI, 5.00% 7/1/2029  | 500 | 540 |
| Municipal Electric Auth., Plant Vogtle Units 3 and 4 Project M Bonds, Series 2023-A, AGI, 5.00% 7/1/2030  | 500 | 549 |
| Municipal Electric Auth., Plant Vogtle Units 3 and 4 Project M Bonds, Series 2023-A, AGI, 5.00% 7/1/2031  | 500 | 559 |
| Municipal Electric Auth., Plant Vogtle Units 3 and 4 Project P Bonds, Series 2021-A, 5.00% 1/1/2026  | 200 | 200 |
| Municipal Electric Auth., Plant Vogtle Units 3 and 4 Project P Bonds, Series 2021-A, 5.00% 1/1/2027  | 200 | 204 |
| Municipal Electric Auth., Project One Bonds, Series 2020-A, 5.00% 1/1/2028  | 1285 | 1346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Private Colleges and Universities Auth., Rev. Bonds (The Savannah College of Art and Design Projects), Series <br> 2021, 5.00% 4/1/2028  | 400 | 420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Savannah Econ. Dev. Auth. Recovery Zone Fac. Rev. Ref. Bonds (International Paper Co. Project), Series 2019-A, <br> 3.45% 11/1/2033 (put 10/1/2031)  | 925 | 936 |
|  |  | 54734 |
| **Guam 0.05%** |  |  |
| Power Auth., Rev. Ref. Bonds, Series 2022-A, 5.00% 10/1/2028  | 1000 | 1056 |
| **Hawaii 0.14%** |  |  |
| Airports System Rev. Bonds, Series 2018-A, AMT, 5.00% 7/1/2029  | 1000 | 1053 |
| GO Rev. Ref. Bonds, Series 2016, 5.00% 10/1/2028  | 2080 | 2121 |
|  |  | 3174 |
| **Idaho 0.18%** |  |  |
| Health Facs. Auth., Rev. Bonds (St. Luke's Health System Project), Series 2021-A, 5.00% 3/1/2027  | 200 | 206 |
| Health Facs. Auth., Rev. Bonds (St. Luke's Health System Project), Series 2021-A, 5.00% 3/1/2028  | 260 | 273 |
| Health Facs. Auth., Rev. Bonds (St. Luke's Health System Project), Series 2021-A, 5.00% 3/1/2029  | 165 | 177 |
| Health Facs. Auth., Rev. Bonds (St. Luke's Health System Project), Series 2018-A, 5.00% 3/1/2037  | 280 | 294 |
| Housing and Fin. Assn., Single Family Mortgage Bonds, Series 2019-A, 4.00% 1/1/2050  | 405 | 407 |
| Housing and Fin. Assn., Single Family Mortgage Bonds, Series 2024-A, 6.00% 7/1/2054  | 2425 | 2673 |
|  |  | 4030 |

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American Funds Short-Term Tax-Exempt Bond Fund — Page 10 of 38

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Illinois 3.44%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2018-C, AGI, <br> 5.00% 12/1/2027  | USD1,950 | $2011 |
| City of Chicago, Chicago Midway Airport, Rev. Ref. Bonds, Series 2023-C, AMT, 5.00% 1/1/2027  | 4500 | 4593 |
| City of Chicago, Chicago Midway Airport, Rev. Ref. Bonds, Series 2023-C, AMT, 5.00% 1/1/2028  | 4045 | 4203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Chicago, GO Bonds (City Colleges of Chicago Capital Improvement Project), CAB, Series 1999, NATL, 0% <br> 1/1/2026 (escrowed to maturity)  | 1500 | 1492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Chicago, O'Hare International Airport, General Airport Rev. Ref. Bonds, Series 2024-C, AMT, 5.00% <br>1/1/2031  | 1110 | 1207 |
| City of Chicago, Transit Auth., Sales Tax Receipts Rev. Ref. Bonds, Series 2024-A, 5.00% 12/1/2029  | 1225 | 1331 |
| City of Chicago, Wastewater Transmission Rev. Ref. Bonds, Series 2023-B, AGI, 5.00% 1/1/2030  | 1885 | 2048 |
| City of Chicago, Water Rev. Bonds, Series 2024-A, 5.00% 11/1/2029  | 2575 | 2783 |
| City of Chicago, Water Rev. Bonds, Series 2024-A, 5.00% 11/1/2030  | 1005 | 1105 |
| City of Chicago, Water Rev. Ref. Bonds, Series 2017, 5.00% 11/1/2025  | 285 | 285 |
| City of Chicago, Water Rev. Ref. Bonds, Series 2017-2, AGI, 5.00% 11/1/2031  | 2300 | 2386 |
| City of Chicago, Water Rev. Ref. Bonds, Series 2023-B, AGI, 5.00% 11/1/2031  | 1455 | 1631 |
| County of Cook, GO Rev. Ref. Bonds, Series 2022-A, 5.00% 11/15/2029  | 3005 | 3268 |
| County of Cook, Sales Tax Rev. Bonds, Series 2024, 5.00% 11/15/2028  | 1000 | 1067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fin. Auth., Graduate and Professional Student Loan Program Rev. Bonds (Midwestern University Foundation), <br> Series 2025-A, 5.00% 7/1/2029  | 270 | 283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fin. Auth., Graduate and Professional Student Loan Program Rev. Bonds (Midwestern University Foundation), <br> Series 2025-A, 5.00% 7/1/2031  | 190 | 203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fin. Auth., Graduate and Professional Student Loan Program Rev. Bonds (Midwestern University Foundation), <br> Series 2025-A, 4.25% 7/1/2041  | 470 | 478 |
| Fin. Auth., Rev. Bonds (Ascension Health Credit Group), Series 2016-C, 4.00% 2/15/2041 (preref. 2/15/2027)  | 1900 | 1934 |
| Fin. Auth., Rev. Bonds (OSF Healthcare System), Series 2020-B-2, 5.00% 5/15/2050 (put 11/15/2026)  | 1285 | 1295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fin. Auth., Rev. Bonds (Presbyterian Homes Obligated Group), Series 2021-B, (SIFMA Municipal Swap Index + <br> 0.70%) 3.92% 5/1/2042 (put 5/1/2026) <sup>(a)</sup>  | 250 | 249 |
| Fin. Auth., Rev. Ref. Green Bonds (Clean Water Initiative Revolving Fund), Series 2025-B, 5.00% 1/1/2030  | 1210 | 1326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fin. Auth., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. Project), Series 2023, AMT, 4.60% <br> 10/1/2053 (put 10/1/2026)  | 4685 | 4707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fin. Auth., Water Facs. Rev. Ref. Bonds (American Water Capital Corp. Project), Series 2020, 3.875% 5/1/2040 (put <br> 9/1/2028)  | 1370 | 1398 |
| GO Bonds, Series 2020, 5.50% 5/1/2026  | 1500 | 1519 |
| GO Bonds, Series 2025-C, 5.25% 9/1/2032  | 3000 | 3407 |
| Housing Dev. Auth., Multi Family Housing Rev. Bonds, Series 2021-C, 0.80% 7/1/2026  | 410 | 401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Auth., Multi Family Housing Rev. Bonds (Walden Oaks), Series 2024, 5.00% 10/1/2027 (put 10/1/<br> 2026)  | 1450 | 1472 |
| Housing Dev. Auth., Multi Family Rev. Green Bonds, Series 2024-C-2, FHA, 3.60% 8/1/2032 (put 8/1/2028)  | 1175 | 1187 |
| Housing Dev. Auth., Rev. Bonds, Series 2019-C, 4.00% 10/1/2049  | 180 | 181 |
| Housing Dev. Auth., Rev. Bonds, Series 2019-A, 4.25% 10/1/2049  | 135 | 136 |
| Housing Dev. Auth., Rev. Bonds, Series 2020-A, 3.75% 4/1/2050  | 1205 | 1206 |
| Housing Dev. Auth., Rev. Bonds, Series 2021-D, 3.00% 10/1/2051  | 2795 | 2746 |
| Housing Dev. Auth., Rev. Bonds, Series 2023-H, 5.75% 10/1/2053  | 2285 | 2436 |
| Housing Dev. Auth., Rev. Bonds, Series 2024-A, 6.00% 10/1/2054  | 510 | 553 |
| Housing Dev. Auth., Rev. Bonds, Series 2024-I, 6.00% 10/1/2055  | 5170 | 5748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Pier and Exposition Auth., McCormick Place Expansion Project Bonds, CAB, Series 2002-A, NATL, <br> 0% 6/15/2031  | 3000 | 2483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Pier and Exposition Auth., McCormick Place Expansion Project Rev. Ref. Bonds, Series 2024-B, <br> 4.00% 12/15/2026  | 2470 | 2494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Pier and Exposition Auth., McCormick Place Expansion Project Rev. Ref. Bonds, Series 2024-B, <br> 4.00% 12/15/2027  | 470 | 478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Pier and Exposition Auth., McCormick Place Expansion Project Rev. Ref. Bonds, Series 2017-B, <br> 5.00% 12/15/2027  | 100 | 104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Pier and Exposition Auth., McCormick Place Expansion Project Rev. Ref. Bonds, Series 2022-B, <br> 5.00% 12/15/2027  | 675 | 676 |

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American Funds Short-Term Tax-Exempt Bond Fund — Page 11 of 38

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Illinois (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Pier and Exposition Auth., McCormick Place Expansion Project Rev. Ref. Bonds, Series 2023-A, <br> 5.00% 12/15/2027  | USD2,500 | $2594 |
| Sales Tax Securitization Corp., Sales Tax Securitization Bonds, Series 2017-A, 5.00% 1/1/2027  | 1000 | 1026 |
| Sales Tax Securitization Corp., Sales Tax Securitization Rev. Ref. Bonds, Series 2023-C, 5.00% 1/1/2029  | 1930 | 2060 |
| Toll Highway Auth., Toll Highway Rev. Bonds, Series 2015-A, 5.00% 1/1/2040  | 1275 | 1276 |
| Toll Highway Auth., Toll Highway Rev. Ref. Bonds, Series 2024-A, 5.00% 1/1/2029  | 600 | 643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Will Community Unified School Dist. No. 201-U (Crete-Monee), GO Bonds, CAB, Series 2005, NATL, 0% 11/1/<br> 2025  | 530 | 530 |
|  |  | 76639 |
| **Indiana 1.90%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fin. Auth., Environmental Facs. Rev. Ref. Bonds (Indianapolis Power & Light Co. Project), Series 2020-B, AMT, <br> 0.95% 12/1/2038 (put 4/1/2026)  | 520 | 514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fin. Auth., Health System Rev. Bonds (Indiana University Health), Series 2025-D-2, 5.00% 10/1/2063 (put <br>10/1/2031)  | 895 | 991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fin. Auth., Health System Rev. Bonds (Indiana University Health), Series 2025-D-1, 5.00% 10/1/2064 (put <br>10/1/2029)  | 2745 | 2959 |
| Fin. Auth., State Revolving Fund Green Bonds, Series 2019-E, 5.00% 2/1/2026  | 1465 | 1473 |
| Fin. Auth., State Revolving Fund Program Green Bonds, Series 2021-B, 5.00% 2/1/2027  | 330 | 340 |
| Fin. Auth., State Revolving Fund Program Green Bonds, Series 2021-B, 5.00% 2/1/2028  | 425 | 448 |
| Fin. Auth., State Revolving Fund Program Green Bonds, Series 2019-E, 5.00% 2/1/2030  | 1385 | 1487 |
| Fin. Auth., Wastewater Utility Rev. Ref. Bonds (CWA Auth. Project), Series 2021-2, 5.00% 10/1/2028  | 1250 | 1331 |
| Health Fac. Fncg. Auth., Rev. Bonds (Ascension Health Credit Group), Series 2001-A-1, 5.00% 11/15/2036  | 920 | 921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Fac. Fncg. Auth., Rev. Bonds (Ascension Health Credit Group), Series 2001-A-1, 5.00% 11/15/2036 (preref. <br> 11/15/2025)  | 15 | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing and Community Dev. Auth., Multi Family Housing Rev. Bonds, Series 2025-A, 2.90% 3/1/2029 (put 3/1/<br> 2028)  | 1780 | 1767 |
| Housing and Community Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2018-A, 4.00% 7/1/2048  | 1365 | 1368 |
| Housing and Community Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2019-A, 4.25% 7/1/2048  | 1010 | 1015 |
| Housing and Community Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2020-A, 3.75% 1/1/2049  | 160 | 160 |
| Housing and Community Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2021-B, 3.00% 7/1/2050  | 450 | 443 |
| Housing and Community Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2021-C-1, 3.00% 1/1/2052  | 1605 | 1575 |
| Housing and Community Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2022-C-1, 5.00% 7/1/2053  | 360 | 371 |
| Housing and Community Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2023-A-1, 5.75% 7/1/2053  | 1790 | 1889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indiana Secondary Market for Education Loans, Inc., Student Loan Program Rev. Bonds, Series 2022-1A, AMT, <br> 5.00% 6/1/2027  | 1500 | 1530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indiana Secondary Market for Education Loans, Inc., Student Loan Program Rev. Bonds, Series 2022-1A, AMT, <br> 5.00% 6/1/2028  | 1350 | 1391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indiana Secondary Market for Education Loans, Inc., Student Loan Program Rev. Bonds, Series 2022-1A, AMT, <br> 5.00% 6/1/2029  | 1225 | 1275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Indianapolis, Local Public Improvement Bond Bank Bonds (Indianapolis Airport Auth. Project), Series <br> 2023-I-2, AMT, 5.00% 1/1/2028  | 3110 | 3238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Indianapolis, Local Public Improvement Bond Bank Bonds (Indianapolis Airport Auth. Project), Series <br> 2023-I-2, AMT, 5.00% 1/1/2029  | 2290 | 2429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Indianapolis, Local Public Improvement Bond Bank Rev. Ref. Bonds (Indianapolis Airport Auth. Project), <br> Series 2016-A-1, AMT, 5.00% 1/1/2028  | 300 | 304 |
| City of Indianapolis, Water System Rev. Ref. Bonds, Series 2016-B, 5.00% 10/1/2028  | 4000 | 4075 |
| Municipal Power Agcy., Power Supply System Rev. Bonds, Series 2022-A, 5.00% 1/1/2028  | 700 | 734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Whiting, Environmental Facs. Rev. Bonds (BP Products North America, Inc. Project), Series 2015, AMT, <br> 4.40% 11/1/2045 (put 6/10/2031)  | 4000 | 4232 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Indiana (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Whiting, Environmental Facs. Rev. Bonds (BP Products North America, Inc. Project), Series 2016-A, AMT, <br> 4.40% 3/1/2046 (put 6/10/2031)  | USD1,000 | $1058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Whiting, Environmental Facs. Rev. Ref. Bonds (BP Products North America, Inc. Project), Series 2019-A, <br> AMT, 5.00% 12/1/2044 (put 6/15/2026)  | 3000 | 3035 |
|  |  | 42368 |
| **Iowa 1.28%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fin. Auth., Multi Family Housing Rev. Bonds (AHEPA 192-IV Apartments Projects), Series 2023, 5.00% 11/1/2026 <br> (put 11/1/2025)  | 2125 | 2125 |
| Fin. Auth., Single Family Mortgage Bonds, Series 2022-A, 3.00% 1/1/2052  | 2645 | 2598 |
| Fin. Auth., Single Family Mortgage Bonds (Mortgage-Backed Securities Program), Series 2019-D, 3.50% 1/1/2049  | 200 | 199 |
| PEFA, Inc., Gas Project Rev. Bonds, Series 2019, 5.00% 9/1/2049 (put 9/1/2026)  | 17160 | 17399 |
| Student Loan Liquidity Corp., Student Loan Rev. Bonds, Series 2023-B, AMT, 5.00% 12/1/2026  | 600 | 609 |
| Student Loan Liquidity Corp., Student Loan Rev. Bonds, Series 2023-B, AMT, 5.00% 12/1/2027  | 1000 | 1030 |
| Student Loan Liquidity Corp., Student Loan Rev. Bonds, Series 2023-B, AMT, 5.00% 12/1/2028  | 435 | 454 |
| Student Loan Liquidity Corp., Student Loan Rev. Bonds, Series 2024-B, AMT, 5.00% 12/1/2028  | 585 | 612 |
| Student Loan Liquidity Corp., Student Loan Rev. Bonds, Series 2025-B, AMT, 5.00% 12/1/2030  | 720 | 767 |
| Student Loan Liquidity Corp., Student Loan Rev. Bonds, Series 2025-B, AMT, 5.00% 12/1/2031  | 725 | 779 |
| Student Loan Liquidity Corp., Student Loan Rev. Bonds, Series 2025-B, AMT, 5.00% 12/1/2032  | 725 | 782 |
| Student Loan Liquidity Corp., Student Loan Rev. Bonds, Series 2025-B, AMT, 4.50% 12/1/2045  | 1160 | 1194 |
|  |  | 28548 |
| **Kansas 0.33%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dev. Fin. Auth., Hospital Rev. Bonds (Advent Health Obligated Group), Series 2021-B, 5.00% 11/15/2054 (put 11/<br> 15/2028)  | 5040 | 5366 |
| Dev. Fin. Auth., Multi Family Rev. Bonds (Seasons), Series 2025-F, 2.95% 9/1/2059 (put 9/1/2027)  | 2060 | 2047 |
|  |  | 7413 |
| **Kentucky 1.89%** |  |  |
| Asset/Liability Commission, General Fund Rev. Ref. Project Notes, Series 2021-A, 5.00% 11/1/2025  | 2000 | 2000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Econ. Dev. Fin. Auth., Health System Rev. Bonds (Norton Healthcare, Inc.), CAB, Series 2000-B, NATL, 0% 10/1/<br> 2028  | 125 | 111 |
| Higher Education Student Loan Corp., Student Loan Rev. Bonds, Series 2025-A-1, AMT, 5.00% 6/1/2032  | 1530 | 1624 |
| Higher Education Student Loan Corp., Student Loan Rev. Bonds, Series 2025-A-1, AMT, 4.75% 6/1/2040  | 1970 | 2034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Corp., Multi Family Housing Rev. Bonds (Beecher Terrace Phase IV Project), Series 2023, 5.00% 9/1/2043 <br> (put 9/1/2026)  | 2030 | 2042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Corp., Multi Family Housing Rev. Bonds (Winterwood III Rural Housing Portfolio), Series 2024, 3.50% <br> 7/1/2028 (put 7/1/2027)  | 3000 | 3018 |
| Housing Corp., Single Family Mortgage Rev. Bonds, Series 2024-A, 6.25% 7/1/2054  | 530 | 588 |
| Housing Corp., Single Family Mortgage Rev. Bonds, Series 2024-C, 6.25% 1/1/2055  | 305 | 333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Louisville/Jefferson Metro County Government, Health System Rev. Bonds (Norton Healthcare, Inc.), Series <br> 2016-A, 5.00% 10/1/2033  | 2000 | 2030 |
| Public Energy Auth., Gas Supply Rev. Bonds, Series 2022-A-1, 4.00% 8/1/2052 (put 8/1/2030)  | 2500 | 2571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Energy Auth., Gas Supply Rev. Bonds, Series 2022-A-2, (USD-SOFR x 0.67 + 1.20%) 4.06% 8/1/2052 (put <br> 8/1/2030) <sup>(a)</sup>  | 570 | 575 |
| Public Energy Auth., Gas Supply Rev. Ref. Bonds, Series 2024-B, 5.00% 2/1/2029  | 625 | 655 |
| Public Energy Auth., Gas Supply Rev. Ref. Bonds, Series 2024-B, 5.00% 2/1/2030  | 525 | 557 |
| Public Energy Auth., Gas Supply Rev. Ref. Bonds, Series 2023-A-1, 5.25% 4/1/2054 (put 2/1/2032)  | 1615 | 1782 |
| Public Energy Auth., Gas Supply Rev. Ref. Bonds, Series 2024-B, 5.00% 1/1/2055 (put 8/1/2032)  | 8015 | 8711 |
| Public Energy Auth., Gas Supply Rev. Ref. Bonds, Series 2025-A, 5.25% 6/1/2055 (put 12/1/2029)  | 9355 | 10003 |
| State Property and Buildings Commission, Rev. Ref. Bonds (Project No. 112), Series 2025-B, 5.00% 11/1/2025  | 1590 | 1590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Trimble, Pollution Control Rev. Ref. Bonds (Louisville Gas and Electric Co. Project), Series 2016-A, AMT, <br> 1.30% 9/1/2044 (put 9/1/2027)  | 1975 | 1845 |
|  |  | 42069 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Louisiana 1.22%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Parish of East Baton Rouge, Sewerage Commission, Multi Modal Rev. Ref. Bonds, Series 2021-A, 1.30% 2/1/2041 <br> (put 2/1/2028)  | USD3,000 | $2813 |
| Parish of East Baton Rouge, Sewerage Commission, Rev. Ref. Bonds, Series 2019, 5.00% 2/1/2026  | 1125 | 1131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Corp., Multi Family Housing Rev. Bonds (Arbours at Lafayette Phase II Project), Series 2024, 5.00% <br> 4/1/2028 (put 4/1/2027)  | 2200 | 2252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Corp., Multi Family Housing Rev. Bonds (Capstone at Covington Place Project), Series 2025, 3.10% <br> 5/1/2043 (put 5/1/2028)  | 1375 | 1374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Corp., Multi Family Housing Rev. Bonds (Deerwood Apartments Project), Series 2024, 4.00% 1/1/2043 <br> (put 7/1/2027)  | 1445 | 1453 |
| Housing Corp., Single Family Mortgage Rev. Bonds (Home Ownership Program), Series 2022-A, 5.00% 6/1/2052  | 7895 | 8156 |
| Housing Corp., Single Family Mortgage Rev. Bonds (Home Ownership Program), Series 2023-A, 5.75% 6/1/2054  | 560 | 602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Local Government Environmental Facs. and Community Dev. Auth., Rev. Ref. Bonds (East Baton Rouge Sewerage <br> Commission Projects), Series 2023, 5.00% 2/1/2027  | 400 | 410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Local Government Environmental Facs. and Community Dev. Auth., Rev. Ref. Bonds (East Baton Rouge Sewerage <br> Commission Projects), Series 2023, 5.00% 2/1/2029  | 700 | 745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Local Government Environmental Facs. and Community Dev. Auth., Rev. Ref. Bonds (East Baton Rouge Sewerage <br> Commission Projects), Series 2024, BAM, 5.00% 2/1/2030  | 925 | 1010 |
| Louisiana Stadium and Exposition Dist., Rev. Bonds, Series 2023-A, 5.00% 7/1/2030  | 475 | 520 |
| City of New Orleans, Water Rev. Bonds, Series 2015, 5.00% 12/1/2045 (preref. 12/1/2025)  | 1000 | 1002 |
| Public Facs. Auth., Rev. and Rev. Ref. Bonds (Ochsner Clinic Foundation Project), Series 2017, 5.00% 5/15/2034  | 4000 | 4092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Parish of Tangipahoa, Hospital Service Dist. No. 1, Hospital Rev. Ref. Bonds (North Oaks Health System Project), <br> Series 2021, 5.00% 2/1/2027  | 1500 | 1529 |
|  |  | 27089 |
| **Maine 0.20%** |  |  |
| Fin. Auth., Student Loan Rev. Bonds, Series 2021-A-1, AGI, 5.00% 12/1/2025  | 75 | 75 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fin. Auth., Student Loan Rev. Bonds (Supplemental Education Loan Program), Series 2025-A-1, AMT, AGI, 5.00% <br> 12/1/2032  | 1170 | 1256 |
| Housing Auth., Mortgage Purchase Bonds, Series 2017-A, 4.00% 11/15/2047  | 15 | 15 |
| Housing Auth., Mortgage Purchase Bonds, Series 2021-D, 3.00% 11/15/2051  | 3180 | 3135 |
|  |  | 4481 |
| **Maryland 1.01%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Dev. Administration, Dept. of Housing and Community Dev., Residential Rev. Bonds, Series 2018-A, <br> 4.50% 9/1/2048  | 1240 | 1256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Dev. Administration, Dept. of Housing and Community Dev., Residential Rev. Bonds, Series 2018-B, <br> AMT, 4.50% 9/1/2048  | 530 | 535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Dev. Administration, Dept. of Housing and Community Dev., Residential Rev. Bonds, Series 2019-C, <br> 3.50% 3/1/2050  | 405 | 403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Dev. Administration, Dept. of Housing and Community Dev., Residential Rev. Bonds, Series 2020-A, <br> 3.75% 3/1/2050  | 445 | 445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Dev. Administration, Dept. of Housing and Community Dev., Residential Rev. Bonds, Series 2020-D, <br> 3.25% 9/1/2050  | 2605 | 2583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Dev. Administration, Dept. of Housing and Community Dev., Residential Rev. Bonds, Series 2021-A, <br> 3.00% 9/1/2051  | 2475 | 2441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Dev. Administration, Dept. of Housing and Community Dev., Residential Rev. Bonds, Series 2021-B, <br> 3.00% 9/1/2051  | 780 | 767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Dev. Administration, Dept. of Housing and Community Dev., Residential Rev. Bonds, Series 2021-C, <br> 3.00% 9/1/2051  | 2767 | 2723 |
| GO Bonds, State and Local Facs. Loan of 2017, Series 2017-A-2, 5.00% 8/1/2028  | 1535 | 1598 |
| GO Bonds, State and Local Facs. Loan of 2024, Series 2024-A-1, 5.00% 6/1/2034  | 1000 | 1183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health and Higher Educational Facs. Auth., Rev. Bonds (Maryland Institute College of Art Issue), Series 2024, <br> 5.25% 6/1/2032  | 1115 | 1197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health and Higher Educational Facs. Auth., Rev. Bonds (Maryland Institute College of Art Issue), Series 2024, <br> 5.25% 6/1/2042  | 1500 | 1527 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Maryland (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Montgomery, Housing Opportunities Commission, Single Family Housing Rev. Bonds, Series 2017-A, <br> 4.00% 7/1/2048  | USD785 | $786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Montgomery, Housing Opportunities Commission, Single Family Housing Rev. Bonds, Series 2018-A, <br> 4.00% 7/1/2049  | 1075 | 1077 |
| Dept. of Transportation, Consolidated Transportation Bonds, Series 2019, 5.00% 10/1/2026  | 635 | 649 |
| Dept. of Transportation, Consolidated Transportation Bonds, Series 2016, 5.00% 11/1/2026  | 3050 | 3054 |
| Transportation Auth., Transportation Facs. Projects Rev. Bonds, Series 2020, 5.00% 7/1/2026  | 320 | 325 |
|  |  | 22549 |
| **Massachusetts 0.65%** |  |  |
| Clean Water Trust, Revolving Fund Green Bonds, Series 2024-A, 5.00% 2/1/2027  | 500 | 515 |
| Clean Water Trust, Revolving Fund Green Bonds, Series 2024-B, 5.00% 2/1/2027  | 500 | 515 |
| Clean Water Trust, Revolving Fund Rev. Ref. Green Bonds, Series 2022, 5.00% 2/1/2027  | 750 | 773 |
| Educational Fncg. Auth., Education Loan Rev. Bonds, Series 2024-B, AMT, 4.25% 7/1/2032  | 80 | 82 |
| Educational Fncg. Auth., Education Loan Rev. Bonds, Series 2021-B, AMT, 2.00% 7/1/2037  | 145 | 120 |
| Educational Fncg. Auth., Education Loan Rev. Bonds, Series 2022-B, AMT, 3.625% 7/1/2038  | 2080 | 2044 |
| Educational Fncg. Auth., Education Loan Rev. Bonds, Series 2023-B, AMT, 4.25% 7/1/2044  | 1235 | 1244 |
| Housing Fin. Agcy., Housing Green Bonds, Series 2022-D-3, 3.35% 6/1/2027  | 1950 | 1950 |
| Housing Fin. Agcy., Single Family Housing Rev. Bonds, Series 183, 3.50% 12/1/2046  | 40 | 40 |
| Housing Fin. Agcy., Single Family Housing Rev. Bonds, Series 223, 3.00% 6/1/2047  | 635 | 626 |
| Housing Fin. Agcy., Single Family Housing Rev. Bonds, Series 224, 5.00% 6/1/2050  | 280 | 290 |
| Housing Fin. Agcy., Single Family Housing Rev. Ref. Bonds, Series 188, AMT, 4.00% 6/1/2043  | 155 | 155 |
| School Building Auth., Sales Tax Rev. Ref. Bonds (Social Bonds), Series 2025-B, 5.00% 2/15/2032  | 5000 | 5712 |
| Transportation Fund Rev. Bonds (Rail Enhancement Program), Series 2021-B, 5.00% 6/1/2026  | 350 | 355 |
|  |  | 14421 |
| **Michigan 2.58%** |  |  |
| Great Lakes Water Auth., Sewage Disposal System Rev. Ref. Bonds, Series 2018-B, 5.00% 7/1/2028  | 215 | 228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hospital Fin. Auth., Rev. Bonds (Ascension Health Credit Group), Series 2010-F-6, 4.00% 11/15/2047 (preref. <br>11/15/2026)  | 2045 | 2072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Auth., Multi Family Housing Rev. Bonds (4401 Rosa Parks Apartments Project), Series 2025, 5.00% <br> 2/1/2028 (put 2/1/2027)  | 5310 | 5433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Auth., Multi Family Housing Rev. Bonds (Kalamazoo Community Courtyard Project), Series 2025, <br> 5.00% 12/1/2027 (put 12/1/2026)  | 2000 | 2036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Auth., Multi Family Housing Rev. Bonds (North Port Apartments Project), Series 2025, 5.00% <br> 8/1/2027 (put 8/1/2026)  | 7070 | 7167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Auth., Multi Family Housing Rev. Bonds (The Dean Apartments At Eastlawn Project), Series 2025, <br> 2.90% 9/1/2045 (put 9/1/2028)  | 3000 | 2973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Auth., Multi Family Housing Rev. Bonds (The Flats at Carriage Commons Phase I Project), Series <br> 2024, 3.80% 7/1/2041 (put 7/1/2026)  | 2250 | 2261 |
| Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2016-B, 3.50% 6/1/2047  | 185 | 185 |
| Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2017-B, 3.50% 6/1/2048  | 830 | 828 |
| Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2018-A, 4.00% 12/1/2048  | 1555 | 1558 |
| Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2018-C, 4.25% 6/1/2049  | 1980 | 1990 |
| Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2020-A, 3.50% 12/1/2050  | 2115 | 2106 |
| Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2021-A, 3.00% 6/1/2052  | 2320 | 2284 |
| Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2022-A, 5.00% 6/1/2053  | 2210 | 2296 |
| Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2022-D, 5.50% 6/1/2053  | 4725 | 4973 |
| Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2023-A, 5.50% 12/1/2053  | 4565 | 4898 |
| Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2024-A, 6.00% 6/1/2054  | 1990 | 2152 |
| Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2024-D, 6.25% 6/1/2055  | 1955 | 2147 |
| Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2025-A, 6.25% 12/1/2055  | 7000 | 7777 |

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American Funds Short-Term Tax-Exempt Bond Fund — Page 15 of 38

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Michigan (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Trunk Line Fund Bonds (Rebuilding Michigan Program), Series 2021-A, 5.00% 11/15/2025  | USD565 | $565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Wayne, Airport Auth., Airport Rev. Bonds (Detroit Metropolitan Wayne County Airport), Series 2023-B, <br> AMT, AGI, 5.00% 12/1/2030  | 1450 | 1585 |
|  |  | 57514 |
| **Minnesota 0.90%** |  |  |
| GO State Trunk Highway Rev. Ref. Bonds, Series 2022-B, 5.00% 8/1/2028  | 500 | 533 |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2014-C, AMT, 4.00% 1/1/2045  | 125 | 125 |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2015-E, AMT, 3.50% 1/1/2046  | 60 | 60 |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2016-E, 4.00% 1/1/2047  | 5 | 5 |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2017-E, 4.00% 1/1/2048  | 150 | 150 |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2018-B, 4.00% 7/1/2048  | 695 | 695 |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2018-E, 4.25% 1/1/2049  | 1445 | 1457 |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2020-B, 3.50% 7/1/2050  | 715 | 712 |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2020-E, 3.50% 7/1/2050  | 565 | 563 |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2020-I, 3.00% 1/1/2051  | 2395 | 2363 |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2021-B, 3.00% 7/1/2051  | 410 | 403 |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2021-D, 3.00% 1/1/2052  | 3100 | 3051 |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2021-F, 3.00% 7/1/2052  | 2720 | 2672 |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2021-H, 3.00% 7/1/2052  | 2025 | 1991 |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2022-A, 3.00% 7/1/2052  | 3655 | 3588 |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2023-F, 5.75% 7/1/2053  | 825 | 874 |
| City of St. Paul, Metropolitan Airports Commission, Airport Rev. Ref. Bonds, Series 2022-B, AMT, 5.00% 1/1/2026  | 880 | 883 |
|  |  | 20125 |
| **Missouri 1.41%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health and Educational Facs. Auth., Health Facs. Rev. Bonds (BJC Health System), Series 2021-B, 4.00% 5/1/2051 <br> (put 5/1/2026)  | 1000 | 1005 |
| Health and Educational Facs. Auth., Health Facs. Rev. Bonds (CoxHealth), Series 2025-A, 5.00% 11/15/2032  | 900 | 1007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership Loan Program), <br> Series 2016-B, 3.50% 5/1/2041  | 365 | 364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership Loan Program), <br> Series 2018-A, 4.25% 5/1/2049  | 675 | 679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership Loan Program), <br> Series 2020-A, 3.50% 11/1/2050  | 1610 | 1604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership Loan Program), <br> Series 2020-C, 3.50% 11/1/2050  | 540 | 538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership Loan Program), <br> Series 2020-D, 3.25% 5/1/2051  | 2320 | 2298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership Loan Program), <br> Series 2021-A, 3.00% 5/1/2052  | 730 | 719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership Loan Program), <br> Series 2021-B, 3.00% 5/1/2052  | 3075 | 3028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership Loan Program), <br> Series 2021-C, 3.25% 11/1/2052  | 720 | 712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership Loan Program), <br> Series 2023-E, 6.50% 5/1/2054  | 995 | 1114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership Loan Program), <br> Series 2024-A, 5.75% 5/1/2055  | 2615 | 2859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership Loan Program), <br> Series 2025-C, 5.75% 5/1/2056  | 6000 | 6540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership Loan Program), <br> Series 2025-A, 6.00% 5/1/2056  | 3470 | 3806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Commission, Single Family Mortgage Rev. Bonds (Special Homeownership Loan Program), Series <br> 2015-B-1, AMT, 4.00% 11/1/2045  | 220 | 220 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Missouri (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kansas City Area Transportation Auth., Multi Family Housing Rev. Bonds (Mabion Fac.), Series 2024-A, 3.05% <br> 10/1/2045 (put 10/1/2027)  | USD4,215 | $4218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of St. Louis, Industrial Dev. Auth., Multi Family Rev. Bonds (The Brewery Apartments), Series 2025, 3.15% <br> 4/1/2046 (put 4/1/2028)  | 620 | 621 |
|  |  | 31332 |
| **Montana 0.43%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Board of Housing, Multi Family Housing Rev. Bonds (Aurora Apartments), Series 2024, 3.32% 7/1/2046 (put 2/1/<br> 2028)  | 4355 | 4375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Board of Housing, Multi Family Housing Rev. Bonds (Franklin School Apartments Project), Series 2025-A, 3.625% <br> 10/1/2028 (put 10/1/2026)  | 1000 | 1002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Board of Housing, Multi Family Housing Rev. Bonds (Twin Creek 4 Apartments Project), Series 2024, 5.00% <br> 9/1/2028 (put 9/1/2027)  | 1084 | 1122 |
| Board of Housing, Single Family Mortgage Bonds, Series 2015-B-2, AMT, 3.50% 12/1/2042  | 15 | 15 |
| Board of Housing, Single Family Mortgage Bonds, Series 2016-A-2, 3.50% 6/1/2044  | 35 | 35 |
| Board of Housing, Single Family Mortgage Bonds, Series 2019-A, FHA, 4.25% 12/1/2045  | 635 | 639 |
| Board of Housing, Single Family Mortgage Bonds, Series 2020-C, 3.00% 12/1/2050  | 615 | 608 |
| Board of Housing, Single Family Mortgage Bonds, Series 2020-B, 4.00% 12/1/2050  | 520 | 523 |
| Board of Housing, Single Family Mortgage Bonds, Series 2021-B, 3.00% 12/1/2051  | 245 | 241 |
| Board of Housing, Single Family Mortgage Bonds, Series 2022-A, 3.00% 6/1/2052  | 1010 | 994 |
|  |  | 9554 |
| **Nebraska 0.33%** |  |  |
| Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2017-B, AMT, 3.50% 3/1/2040  | 30 | 30 |
| Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2016-C, 3.50% 9/1/2046  | 45 | 45 |
| Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2018-A, 4.00% 9/1/2048  | 195 | 195 |
| Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2018-C, 4.00% 9/1/2048  | 1995 | 2003 |
| Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2019-B, AMT, 4.00% 9/1/2049  | 1375 | 1376 |
| Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2020-C, 3.00% 9/1/2050  | 280 | 276 |
| Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2021-C, 3.00% 9/1/2050  | 3440 | 3380 |
|  |  | 7305 |
| **Nevada 0.49%** |  |  |
| Clark County School Dist., Limited Tax GO Building and Rev. Ref. Bonds, Series 2015-C, 4.00% 6/15/2032  | 495 | 496 |
| Clark County School Dist., Limited Tax GO Building and Rev. Ref. Bonds, Series 2015-C, 4.00% 6/15/2034  | 100 | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Division, Multi Unit Housing Rev. Bonds (Carville Park Apartments), Series 2024, 5.00% 7/1/2028 (put <br>7/1/2027)  | 745 | 768 |
| Housing Division, Single Family Mortgage Rev. Ref. Bonds, Series 2022-A, 3.50% 4/1/2051  | 650 | 647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Las Vegas, Special Improvement Dist. No. 812 (Summerlin Village 24), Local Improvement Rev. Ref. Bonds, <br> Series 2015, 4.50% 12/1/2025  | 555 | 555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Las Vegas, Special Improvement Dist. No. 818 (Summerlin Village 27), Local Improvement Bonds, Series <br> 2024, 4.50% 12/1/2027  | 300 | 305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas Convention and Visitors Auth., Convention Center Expansion and Renovation Rev. Bonds, Series <br> 2022-B, 5.00% 7/1/2029  | 1210 | 1307 |
| Las Vegas Valley Water Dist., Limited Tax GO Water Rev. Ref. Bonds, Series 2020-A, 5.00% 6/1/2026  | 1685 | 1708 |
| Las Vegas Valley Water Dist., Limited Tax GO Water Rev. Ref. Bonds, Series 2016-B, 5.00% 6/1/2031  | 1750 | 1772 |
| Las Vegas Valley Water Dist., Limited Tax GO Water Rev. Ref. Bonds, Series 2016-B, 5.00% 6/1/2034  | 2195 | 2219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Sparks, Tourism Improvement Dist. No. 1 (Legends at Sparks Marina), Sales Tax Anticipation Rev. Ref. <br> Bonds, Series 2019-A, 2.75% 6/15/2028 <sup>(b)</sup>  | 1075 | 1054 |
|  |  | 10931 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **New Hampshire 0.38%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health and Education Facs. Auth., Education Loan Rev. Bonds (Granite Edvance Corp. Issue), Series 2024-B, AMT, <br> 5.00% 11/1/2029  | USD750 | $791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health and Education Facs. Auth., Education Loan Rev. Bonds (Granite Edvance Corp. Issue), Series 2024-B, AMT, <br> 4.00% 11/1/2044  | 480 | 465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health and Education Facs. Auth., Education Loan Rev. Bonds (New Hampshire Higher Education Loan Corp. <br> Issue), Series 2023-B, AMT, 5.00% 11/1/2043  | 580 | 613 |
| Housing Fin. Auth., Single Family Mortgage Rev. Bonds, Series 2023-A, 6.00% 7/1/2053  | 370 | 393 |
| Housing Fin. Auth., Single Family Mortgage Rev. Bonds, Series 2023-B, 6.00% 1/1/2055  | 2550 | 2734 |
| National Fin. Auth., Rev. Bonds (Winston-Salem Sustainable Energy Partners), Series 2025-A, 5.00% 6/1/2031  | 660 | 723 |
| National Fin. Auth., Rev. Bonds (Winston-Salem Sustainable Energy Partners), Series 2025-A, 5.00% 6/1/2032  | 2500 | 2768 |
|  |  | 8487 |
| **New Jersey 2.78%** |  |  |
| City of Bayonne, General Improvement Rev. Ref. Bonds, Series 2016, BAM, 5.00% 7/1/2031 (preref. 7/1/2026)  | 1000 | 1015 |
| City of Bayonne, General Improvement Rev. Ref. Bonds, Series 2016, BAM, 5.00% 7/1/2032 (preref. 7/1/2026)  | 1000 | 1015 |
| City of Bayonne, General Improvement Rev. Ref. Bonds, Series 2016, BAM, 5.00% 7/1/2035 (preref. 7/1/2026)  | 1000 | 1015 |
| Econ. Dev. Auth., School Facs. Construction Bonds, Series 2017-DDD, 5.00% 6/15/2031 (preref. 6/15/2027)  | 1670 | 1734 |
| Econ. Dev. Auth., School Facs. Construction Rev. Ref. Bonds, Series 2023-RRR, 5.00% 3/1/2028  | 3150 | 3312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Econ. Dev. Auth., Water Facs. Rev. Ref. Bonds (American Water Co., Inc. Project), Series 2020-E, AMT, 0.85% <br>12/1/2025  | 1755 | 1749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Econ. Dev. Auth., Water Facs. Rev. Ref. Bonds (American Water Co., Inc. Project), Series 2020, AMT, 1.10% <br> 11/1/2029 (put 12/1/2027)  | 2325 | 2177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care Facs. Fncg. Auth., Rev. and Rev. Ref. Bonds (RWJ Barnabas Health Obligated Group Issue), Series <br> 2019-B-3, 5.00% 7/1/2045 (put 7/1/2026)  | 1000 | 1014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care Facs. Fncg. Auth., Rev. Ref. Bonds (Hackensack Meridian Health Obligated Group Issue), Series <br> 2017-A, 5.00% 7/1/2037  | 1130 | 1163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care Facs. Fncg. Auth., Rev. Ref. Bonds (Hackensack Meridian Health Obligated Group Issue), Series <br> 2017-A, 5.00% 7/1/2038  | 4735 | 4863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care Facs. Fncg. Auth., Rev. Ref. Bonds (Hackensack Meridian Health Obligated Group Issue), Series <br> 2017-A, 5.00% 7/1/2039  | 1460 | 1497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Higher Education Student Assistance Auth., Student Loan Rev. and Rev. Ref. Bonds, Series 2022, AMT, 4.00% <br>12/1/2041  | 345 | 343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Higher Education Student Assistance Auth., Student Loan Rev. and Rev. Ref. Bonds, Series 2025, AMT, 4.50% <br>12/1/2045  | 4180 | 4291 |
| Higher Education Student Assistance Auth., Student Loan Rev. Bonds, Series 2018-A, AMT, 3.75% 12/1/2031  | 155 | 154 |
| Higher Education Student Assistance Auth., Student Loan Rev. Bonds, Series 2015-1B, AMT, 5.00% 12/1/2031  | 1000 | 1064 |
| Higher Education Student Assistance Auth., Student Loan Rev. Bonds, Series 2019-B, AMT, 3.00% 12/1/2032  | 2500 | 2429 |
| Higher Education Student Assistance Auth., Student Loan Rev. Bonds, Series 2020-B, AMT, 3.50% 12/1/2039  | 805 | 778 |
| Higher Education Student Assistance Auth., Student Loan Rev. Ref. Bonds, Series 2019-B, 5.00% 12/1/2026  | 1025 | 1047 |
| Higher Education Student Assistance Auth., Student Loan Rev. Ref. Bonds, Series 2024-A, AMT, 5.00% 12/1/2027  | 1275 | 1315 |
| Higher Education Student Assistance Auth., Student Loan Rev. Ref. Bonds, Series 2024-B, AMT, 5.00% 12/1/2027  | 2440 | 2517 |
| Higher Education Student Assistance Auth., Student Loan Rev. Ref. Bonds, Series 2019-B, AMT, 3.00% 12/1/2034  | 1500 | 1441 |
| Higher Education Student Assistance Auth., Student Loan Rev. Ref. Bonds, Series 2020-A, AMT, 3.50% 12/1/2039  | 1365 | 1338 |
| Higher Education Student Assistance Auth., Student Loan Rev. Ref. Bonds, Series 2023-B, AMT, 4.00% 12/1/2044  | 5690 | 5474 |
| Higher Education Student Assistance Auth., Student Loan Rev. Ref. Bonds, Series 2024-B, AMT, 4.25% 12/1/2045  | 465 | 463 |
| Housing and Mortgage Fin. Agcy., Single Family Housing Rev. Bonds, Series 2018-A, 4.50% 10/1/2048  | 1535 | 1555 |
| Housing and Mortgage Fin. Agcy., Single Family Housing Rev. Bonds, Series 2019-C, 4.75% 10/1/2050  | 260 | 264 |
| Housing and Mortgage Fin. Agcy., Single Family Housing Rev. Bonds, Series 2020-E, 3.50% 4/1/2051  | 860 | 856 |
| Housing and Mortgage Fin. Agcy., Single Family Housing Rev. Bonds, Series 2023-J, 5.50% 4/1/2053  | 1795 | 1917 |
| Housing and Mortgage Fin. Agcy., Single Family Housing Rev. Bonds, Series 2022-I, 5.00% 10/1/2053  | 1385 | 1433 |
| Housing and Mortgage Fin. Agcy., Single Family Housing Rev. Bonds, Series 2024-K, 6.00% 10/1/2055  | 515 | 555 |
| Transportation Trust Fund Auth., Transportation System Bonds, Series 2018-A, 5.00% 12/15/2032  | 2070 | 2209 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **New Jersey (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Turnpike Auth., Turnpike Rev. Bonds, Series 2020-D, 5.00% 1/1/2028  | USD2,550 | $2614 |
| Turnpike Auth., Turnpike Rev. Bonds, Series 2025-B, 5.00% 1/1/2030  | 6560 | 7184 |
|  |  | 61795 |
| **New Mexico 0.23%** |  |  |
| Educational Assistance Foundation, Education Loan Bonds, Series 2021-1-A, AMT, 2.05% 9/1/2051  | 415 | 379 |
| Mortgage Fin. Auth., Single Family Mortgage Program Bonds, Series 2016-A-2, Class I, AMT, 3.50% 3/1/2046  | 140 | 139 |
| Mortgage Fin. Auth., Single Family Mortgage Program Bonds, Series 2017-B-2, Class I, AMT, 3.75% 3/1/2048  | 205 | 204 |
| Mortgage Fin. Auth., Single Family Mortgage Program Bonds, Series 2018-C, Class I, 4.00% 1/1/2049  | 450 | 451 |
| Mortgage Fin. Auth., Single Family Mortgage Program Bonds, Series 2019-C-1, Class I, 4.00% 7/1/2050  | 245 | 246 |
| Mortgage Fin. Auth., Single Family Mortgage Program Bonds, Series 2022-D, Class I, 5.25% 3/1/2053  | 2735 | 2860 |
| Mortgage Fin. Auth., Single Family Mortgage Program Bonds, Series 2023-C, Class I, 5.75% 3/1/2054  | 850 | 909 |
|  |  | 5188 |
| **New York 9.90%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dormitory Auth., State Personal Income Tax Rev. Bonds (General Purpose), Series 2022-A, 5.00% 3/15/2027 <br> (escrowed to maturity)  | 1565 | 1617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dormitory Auth., State Personal Income Tax Rev. Bonds (General Purpose), Series 2022-A, 5.00% 3/15/2027 <br> (escrowed to maturity)  | 1485 | 1532 |
| Dormitory Auth., State Personal Income Tax Rev. Bonds (General Purpose), Series 2024-A, 5.00% 3/15/2031  | 1500 | 1686 |
| Dormitory Auth., State Personal Income Tax Rev. Bonds (General Purpose), Series 2025-C, 5.00% 3/15/2032  | 2665 | 3045 |
| Dormitory Auth., State Personal Income Tax Rev. Bonds (General Purpose), Series 2025-C, 5.00% 3/15/2033  | 4090 | 4734 |
| Dormitory Auth., State Sales Tax Rev. Bonds, Series 2018-E, 5.00% 3/15/2027 (escrowed to maturity)  | 1065 | 1098 |
| Dormitory Auth., State Sales Tax Rev. Bonds, Series 2024-B, 5.00% 3/15/2030  | 2120 | 2341 |
| Dormitory Auth., State Sales Tax Rev. Bonds, Series 2025-A, 5.00% 3/15/2031  | 4205 | 4734 |
| Dormitory Auth., State Sales Tax Rev. Bonds, Series 2025-A, 5.00% 3/15/2032  | 4940 | 5648 |
| Housing Fin. Agcy., 160 West 62nd Street Housing Rev. Bonds, Series 2011-A-1, 3.60% 11/1/2044 (put 4/1/2032)  | 1895 | 1931 |
| Housing Fin. Agcy., Affordable Housing Rev. Green Bonds, Series 2021-E-2, 0.65% 11/1/2056 (put 11/1/2025)  | 1515 | 1515 |
| Housing Fin. Agcy., Affordable Housing Rev. Green Bonds, Series 2021-J-2, 1.10% 11/1/2061 (put 5/1/2027)  | 6265 | 6011 |
| Housing Fin. Agcy., Affordable Housing Rev. Green Bonds, Series 2023-A-2, 3.60% 11/1/2062 (put 5/1/2027)  | 3410 | 3411 |
| Housing Fin. Agcy., Affordable Housing Rev. Green Bonds, Series 2025-D-2, 3.20% 5/1/2065 (put 11/1/2030)  | 5335 | 5329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liberty Dev. Corp., Liberty Rev. Ref. Green Bonds (4 World Trade Center Project), Series 2021-A, 0.95% 11/15/<br> 2027  | 3645 | 3416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Transportation Auth., Transportation Rev. Bonds, Series 2015-A-2, 5.00% 11/15/2045 <br>(put 5/15/2030)  | 3000 | 3252 |
| Metropolitan Transportation Auth., Transportation Rev. Ref. Bonds, Series 2015-C, 5.00% 11/15/2030  | 1000 | 1001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Transportation Auth., Transportation Rev. Ref. Bonds, Series 2002-D-2-A-2, AGI, (USD-SOFR x 0.67 + <br> 0.80%) 3.66% 11/1/2032 (put 4/1/2026) <sup>(a)</sup>  | 30 | 30 |
| Metropolitan Transportation Auth., Transportation Rev. Ref. Green Bonds, Series 2017-C-1, 5.00% 11/15/2028  | 3490 | 3674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Monroe, Industrial Dev. Agcy., Multi Family Housing Rev. Bonds (Andrews Terrace Community Partners, <br> L.P. Project), Series 2023-B-2, 5.00% 7/1/2028 (put 7/1/2027)  | 1520 | 1568 |
| Mortgage Agcy., Homeowner Mortgage Rev. Bonds, Series 223, 1.95% 4/1/2027  | 1750 | 1713 |
| Mortgage Agcy., Homeowner Mortgage Rev. Bonds, Series 206, AMT, 4.00% 10/1/2037  | 215 | 215 |
| Mortgage Agcy., Homeowner Mortgage Rev. Bonds, Series 233, 3.00% 10/1/2045  | 3440 | 3381 |
| Mortgage Agcy., Homeowner Mortgage Rev. Bonds, Series 203, 3.50% 10/1/2047  | 410 | 409 |
| Mortgage Agcy., Homeowner Mortgage Rev. Bonds, Series 213, 4.25% 10/1/2047  | 1325 | 1331 |
| Mortgage Agcy., Homeowner Mortgage Rev. Bonds, Series 239, 3.25% 10/1/2051  | 765 | 754 |
| Mortgage Agcy., Homeowner Mortgage Rev. Bonds, Series 242, 3.50% 10/1/2052  | 95 | 94 |
| New York City GO Bonds, Fiscal 2006, Series 2006-I-6, 5.00% 4/1/2032  | 3550 | 4030 |
| New York City GO Bonds, Fiscal 2006, Series 2006-I-6, 5.00% 4/1/2033  | 2500 | 2875 |
| New York City GO Bonds, Fiscal 2018, Series 2018-1, 5.00% 8/1/2031  | 1560 | 1622 |
| New York City GO Bonds, Fiscal 2020, Series 2020-C-1, 5.00% 8/1/2027  | 1000 | 1043 |
| New York City GO Bonds, Fiscal 2022, Series 2022-C, 5.00% 8/1/2031  | 490 | 551 |
| New York City GO Bonds, Fiscal 2022, Series 2022-A-1, 5.00% 8/1/2033  | 15 | 17 |
| New York City GO Bonds, Fiscal 2023, Series 2023-F-1, 5.00% 8/1/2027  | 1250 | 1303 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **New York (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| New York City GO Bonds, Fiscal 2023, Series 2023-F-1, 5.00% 8/1/2028  | USD600 | $638 |
| New York City GO Bonds, Fiscal 2023, Series 2023-F-1, 5.00% 8/1/2030  | 665 | 735 |
| New York City GO Bonds, Fiscal 2025, Series 2025-F, 5.00% 8/1/2029  | 5830 | 6323 |
| New York City GO Bonds, Fiscal 2025, Series 2025-G-1, 5.00% 2/1/2030  | 1150 | 1259 |
| New York City GO Bonds, Fiscal 2025, Series 2025-A, 5.00% 8/1/2031  | 1700 | 1911 |
| New York City GO Bonds, Fiscal 2025, Series 2025-G-1, 5.00% 2/1/2032  | 3905 | 4422 |
| New York City GO Bonds, Fiscal 2025, Series 2025-A, 5.00% 8/1/2032  | 5570 | 6353 |
| New York City GO Bonds, Fiscal 2026, Series 2026-D, 5.00% 10/1/2032  | 4000 | 4573 |
| New York City GO Bonds, Fiscal 2026, Series 2026-D, 5.00% 10/1/2033  | 4000 | 4625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Housing Dev. Corp., Multi Family Housing Rev. Bonds (Sustainable Dev. Bonds), Series 2024-B-2, <br> 3.70% 5/1/2064 (put 7/3/2028)  | 4185 | 4235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Housing Dev. Corp., Multi Family Housing Rev. Bonds (Sustainable Dev. Bonds), Series 2024-F-2, <br> 3.40% 11/1/2064 (put 1/2/2029)  | 6185 | 6218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Housing Dev. Corp., Multi Family Housing Rev. Green Bonds (Sustainable Dev. Bonds), Series <br> 2023-E-2, 3.80% 11/1/2063  | 1830 | 1851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Housing Dev. Corp., Multi Family Housing Rev. Green Bonds (Sustainable Dev. Bonds), Series <br> 2025-A-2, 3.25% 11/1/2064 (put 7/1/2029)  | 4230 | 4245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Housing Dev. Corp., Multi Family Housing Rev. Green Bonds (Sustainable Dev. Bonds), Series <br> 2025-C-2, 3.75% 5/1/2065 (put 7/2/2029)  | 4505 | 4573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Housing Dev. Corp., Multi Family Mortgage Rev. Bonds (8 Spruce Street), Series 2024-D, 4.00% <br>12/15/2031  | 110 | 113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Municipal Water Fin. Auth., Water and Sewer System Second General Resolution Rev. Bonds, <br> Series 2015-DD, 5.00% 6/15/2028  | 6500 | 6922 |
| New York City Transitional Fin. Auth., Building Aid Rev. Bonds, Series 2026-S-2, 5.00% 7/15/2030  | 3520 | 3925 |
| New York City Transitional Fin. Auth., Building Aid Rev. Bonds, Series 2026-S-2, 5.00% 7/15/2031  | 3160 | 3585 |
| New York City Transitional Fin. Auth., Building Aid Rev. Bonds, Series 2026-S-2, 5.00% 7/15/2034  | 1595 | 1877 |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Fiscal 2017, Series 2017-C, 5.00% 11/1/2032  | 1470 | 1515 |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Fiscal 2018, Series 2018-1, 5.00% 11/1/2025  | 30 | 30 |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Fiscal 2022, Series 2022-A-1, 5.00% 11/1/2027  | 775 | 812 |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Fiscal 2023, Series 2023-E-1, 5.00% 11/1/2025  | 590 | 590 |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Fiscal 2024, Series 2024-G-1, 5.00% 5/1/2028  | 1985 | 2102 |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Fiscal 2025, Series 2025-F, 5.00% 11/1/2027  | 800 | 838 |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Fiscal 2025, Series 2025-A, 5.00% 11/1/2028  | 4300 | 4604 |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Fiscal 2025, Series 2025-C-C1, 5.00% 5/1/2030  | 1630 | 1797 |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Fiscal 2025, Series 2025-A-1, 5.00% 11/1/2030  | 1500 | 1669 |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Fiscal 2025, Series 2025-G, 5.00% 11/1/2030  | 4165 | 4636 |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Fiscal 2025, Series 2025-H-1, 5.00% 11/1/2030  | 1100 | 1224 |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Fiscal 2025, Series 2025-F-F1, 5.00% 11/1/2031  | 6500 | 7365 |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Fiscal 2025, Series 2025-H-H1, 5.00% 11/1/2031  | 1400 | 1586 |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Fiscal 2026, Series 2026-A-1, 5.00% 5/1/2030  | 2500 | 2756 |
| Port Auth., Consolidated Bonds, Series 226, AMT, 5.00% 10/15/2027  | 3705 | 3840 |
| Port Auth., Consolidated Bonds, Series 246, AMT, 5.00% 9/1/2028  | 2000 | 2106 |
| Port Auth., Consolidated Bonds, Series 207, AMT, 5.00% 9/15/2028  | 4455 | 4645 |
| Thruway Auth., Personal Income Tax Rev. Bonds, Series 2022-A-1, 5.00% 3/15/2027 (escrowed to maturity)  | 2000 | 2065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation Dev. Corp., Special Fac. Rev. Bonds (Terminal Four John F. Kennedy International Airport Project), <br> Series 2020-A, AMT, 5.00% 12/1/2025  | 1000 | 1001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation Dev. Corp., Special Fac. Rev. Bonds (Terminal Four John F. Kennedy International Airport Project), <br> Series 2020-C, 5.00% 12/1/2025  | 880 | 881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation Dev. Corp., Special Fac. Rev. Bonds (Terminal Four John F. Kennedy International Airport Project), <br> Series 2022, AMT, 5.00% 12/1/2028  | 5510 | 5802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation Dev. Corp., Special Fac. Rev. Bonds (Terminal Four John F. Kennedy International Airport Project), <br> Series 2020-A, AMT, 5.00% 12/1/2029  | 1000 | 1066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Triborough Bridge and Tunnel Auth., Payroll Mobility Tax Green Bonds (MTA Bridges and Tunnels), Series <br> 2022-E-1, 5.00% 11/15/2027  | 4950 | 5158 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **New York (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Triborough Bridge and Tunnel Auth., Payroll Mobility Tax Rev. Ref. Green Bonds (MTA Bridges and Tunnels), <br> Series 2024-B, 5.00% 11/15/2043 (put 11/15/2025)  | USD2,000 | $2001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Triborough Bridge and Tunnel Auth., Real Estate Transfer Tax Rev. Bonds (MTA Bridges and Tunnels), Series <br> 2025-A, 5.00% 12/1/2031  | 1600 | 1827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Triborough Bridge and Tunnel Auth., Sales Tax Rev. Bonds (MTA Bridges and Tunnels), Series 2024-A-1, 5.00% 5/<br> 15/2030  | 625 | 695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Triborough Bridge and Tunnel Auth., Sales Tax Rev. Bonds (MTA Bridges and Tunnels), Series 2024-A-1, 5.00% 5/<br> 15/2031  | 900 | 1020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Triborough Bridge and Tunnel Auth., Sales Tax Rev. Bonds (MTA Bridges and Tunnels), Series 2024-A-1, 5.00% 5/<br> 15/2032  | 800 | 922 |
| TSASC, Inc., Tobacco Settlement Bonds, Series 2017-A, 5.00% 6/1/2027  | 1500 | 1543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Urban Dev. Corp., State Personal Income Tax Rev. Bonds (General Purpose), Series 2016-A, 5.00% 3/15/2026 <br> (escrowed to maturity)  | 1145 | 1155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Urban Dev. Corp., State Personal Income Tax Rev. Bonds (General Purpose), Series 2016-A, 5.00% 3/15/2026 <br> (escrowed to maturity)  | 275 | 277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Urban Dev. Corp., State Personal Income Tax Rev. Bonds (General Purpose), Series 2016-A, 5.00% 3/15/2027 <br> (preref. 3/15/2026)  | 3705 | 3737 |
| Urban Dev. Corp., State Personal Income Tax Rev. Bonds (General Purpose), Series 2022-A, 5.00% 9/15/2031  | 3500 | 3969 |
|  |  | 220528 |
| **North Carolina 2.80%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Charlotte, Charlotte Douglas International Airport, Airport Rev. Bonds, Series 2023-B, AMT, 5.00% <br>7/1/2026  | 375 | 380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Charlotte, Charlotte Douglas International Airport, Airport Rev. Bonds, Series 2023-B, AMT, 5.00% <br>7/1/2027  | 500 | 516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Charlotte, Charlotte Douglas International Airport, Airport Rev. Bonds, Series 2023-B, AMT, 5.00% <br>7/1/2028  | 500 | 526 |
| City of Charlotte, GO Rev. Ref. Bonds, Series 2025-B, 5.00% 7/1/2027  | 2465 | 2561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eastern Municipal Power Agcy., Power System Rev. Ref. Bonds, Series 1993-B, 6.00% 1/1/2026 (escrowed to <br> maturity)  | 1000 | 1005 |
| Educational Assistance Auth., Student Loan Rev. Bonds, Series 2023-A, AMT, 5.00% 6/1/2043  | 1405 | 1467 |
| Educational Assistance Auth., Student Loan Rev. Ref. Bonds, Series 2025-A, AMT, 5.00% 6/1/2045  | 1680 | 1759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gastonia Housing Auth. Multi Family Housing Rev. Bonds (Stonecroft Village), Series 2024-B, 3.50% 5/1/2028 (put <br> 5/1/2027)  | 2024 | 2038 |
| GO School Bonds, Series 2023, 5.00% 9/1/2029  | 500 | 547 |
| GO School Bonds, Series 2023, 5.00% 9/1/2030  | 1020 | 1140 |
| Housing Fin. Agcy., Home Ownership Rev. Bonds, Series 44, 2.05% 1/1/2028  | 745 | 722 |
| Housing Fin. Agcy., Home Ownership Rev. Bonds, Series 40, 4.25% 7/1/2047  | 935 | 940 |
| Housing Fin. Agcy., Home Ownership Rev. Bonds, Series 47, 3.00% 7/1/2051  | 4215 | 4150 |
| Housing Fin. Agcy., Home Ownership Rev. Bonds, Series 51, 5.75% 1/1/2054  | 1895 | 2014 |
| Housing Fin. Agcy., Home Ownership Rev. Bonds (1998 Trust Agreement), Series 49, 6.00% 7/1/2053  | 375 | 398 |
| Housing Fin. Agcy., Home Ownership Rev. Bonds (1998 Trust Agreement), Series 50, 5.50% 1/1/2054  | 1950 | 2087 |
| Housing Fin. Agcy., Home Ownership Rev. Bonds (1998 Trust Agreement), Series 53-A, 6.25% 1/1/2055  | 975 | 1057 |
| Housing Fin. Agcy., Home Ownership Rev. Bonds (1998 Trust Agreement), Series 54-A, 6.25% 1/1/2055  | 870 | 970 |
| Housing Fin. Agcy., Home Ownership Rev. Bonds (1998 Trust Agreement), Series 55-A, 6.25% 7/1/2055  | 915 | 1005 |
| Housing Fin. Agcy., Home Ownership Rev. Bonds (1998 Trust Agreement), Series 57-A, 6.25% 1/1/2056  | 2460 | 2771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Home Ownership Rev. Bonds (1998 Trust Agreement), Series 55-C, 3.20% 7/1/2056 (put 1/<br> 15/2026)  | 3760 | 3758 |
| Housing Fin. Agcy., Home Ownership Rev. Ref. Bonds, Series 37-A, AMT, 3.50% 7/1/2039  | 5 | 5 |
| Housing Fin. Agcy., Home Ownership Rev. Ref. Bonds, Series 38-B, 4.00% 7/1/2047  | 945 | 946 |
| Housing Fin. Agcy., Home Ownership Rev. Ref. Bonds, Series 42, 4.00% 1/1/2050  | 725 | 726 |
| Housing Fin. Agcy., Home Ownership Rev. Ref. Bonds, Series 44, 4.00% 7/1/2050  | 2090 | 2101 |
| Housing Fin. Agcy., Home Ownership Rev. Ref. Bonds, Series 46-A, 3.00% 7/1/2051  | 1230 | 1211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Multi Family Housing Rev. Bonds (Fitch Irick Portfolio), Series 2024, 5.00% 4/1/2029 (put <br>4/1/2028)  | 1000 | 1047 |

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American Funds Short-Term Tax-Exempt Bond Fund — Page 21 of 38

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **North Carolina (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Corp., Multi Family Housing Rev. Bonds (Weaver-PPM Portfolio), Series 2024, 4.00% 3/1/2028 (put <br> 3/1/2027)  | USD2,680 | $2710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inlivian Multi Family Housing Rev. Bonds (Central at Old Concord), Series 2025, 3.30% 11/10/2043 (put <br>11/1/2028)  | 1915 | 1930 |
| Limited Obligation Rev. Ref. Bonds, Series 2025-B, 5.00% 5/1/2027  | 3110 | 3216 |
| Limited Obligation Rev. Ref. Bonds, Series 2025-B, 5.00% 5/1/2028  | 2670 | 2825 |
| County of Mecklenburg, Limited Obligation Bonds, Series 2025, 5.00% 2/1/2030  | 1615 | 1778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medical Care Commission, Retirement Facs. First Mortgage Rev. Bonds (The United Methodist Retirement Homes <br> Project), Series 2024-B-2, 3.75% 10/1/2028  | 80 | 80 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Town of Morehead City, Multi Family Housing Rev. Bonds (Elijah's Landing), Series 2024, 4.05% 1/1/2028 (put <br>1/1/2027)  | 3490 | 3524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Raleigh, Housing Auth., Multi Family Housing Rev. Bonds (Tyron Flats), Series 2025, 2.95% 9/1/2059 (put <br> 3/1/2029)  | 3790 | 3765 |
| Raleigh-Durham Airport Auth., Airport Rev. Ref. Bonds, Series 2015-B, AMT, 5.00% 5/1/2026  | 1615 | 1617 |
| Raleigh-Durham Airport Auth., Airport Rev. Ref. Bonds, Series 2015-B, AMT, 5.00% 5/1/2028  | 1000 | 1001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Wilmington Housing Auth., Multi Family Housing Rev. Bonds (Avenue Flats), Series 2025, 2.95% 5/1/2044 <br> (put 5/1/2028)  | 2030 | 2025 |
|  |  | 62318 |
| **North Dakota 1.34%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Cass, Joint Water Resource Dist., Temporary Rev. Ref. Improvement Bonds, Series 2024-A, 3.45% <br>4/1/2027  | 6290 | 6291 |
| Housing Fin. Agcy., Homeownership Rev. Bonds (Home Mortgage Fin. Program), Series 2016-D, 3.50% 7/1/2046  | 325 | 324 |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2016-A, 2.40% 1/1/2026  | 1000 | 997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2016-B, AMT, 4.00% <br>1/1/2047  | 850 | 850 |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2017-D, 4.00% 1/1/2048  | 225 | 225 |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2017-F, 4.00% 7/1/2048  | 970 | 971 |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2018-A, 4.00% 1/1/2049  | 3080 | 3086 |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2018-D, 4.25% 1/1/2049  | 1825 | 1833 |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2019-A, 4.25% 7/1/2049  | 245 | 246 |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2019-C, 4.00% 1/1/2050  | 545 | 549 |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2019-F, 3.75% 7/1/2050  | 340 | 340 |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2020-B, 3.00% 7/1/2051  | 1005 | 992 |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2021-A, 3.00% 1/1/2052  | 480 | 473 |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2021-B, 3.00% 7/1/2052  | 1700 | 1667 |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2022-A, 4.00% 1/1/2053  | 4475 | 4514 |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2023-A, 5.75% 7/1/2053  | 1690 | 1787 |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2023-D, 5.75% 1/1/2054  | 900 | 957 |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2024-A, 6.00% 7/1/2054  | 440 | 475 |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2024-C, 6.25% 1/1/2055  | 2575 | 2874 |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2024-D, 6.00% 7/1/2055  | 275 | 306 |
|  |  | 29757 |
| **Ohio 2.07%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Air Quality Dev. Auth. Rev. Ref. Bonds, (American Electric Power Co. Project), Series 2005-C, AMT, 3.70% <br>4/1/2028  | 1695 | 1695 |
| Air Quality Dev. Auth. Rev. Ref. Bonds, (American Electric Power Co. Project), Series 2005-B, AMT, 3.70% 7/1/2028  | 1965 | 1966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Air Quality Dev. Auth. Rev. Ref. Bonds, (American Electric Power Co. Project), Series 2005-A, AMT, 3.75% 1/1/<br> 2029  | 1000 | 1003 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Air Quality Dev. Auth., Air Quality Dev. Rev. Ref. Bonds (Duke Energy Corp. Project), Series 2022-B, AMT, 4.25% <br> 11/1/2039 (put 6/1/2027)  | 3220 | 3272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Akron, Bath and Copley Joint Township Hospital Dist., Hospital Facs. Rev. Ref. Bonds (Summa Health Obligated <br> Group), Series 2020, 5.00% 11/15/2028  | 460 | 490 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Ohio (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Cuyahoga, Metropolitan Housing Auth., Multi Family Housing Rev. Bonds (Wade Park Apartments), <br> Series 2022, 4.75% 12/1/2027 (put 12/1/2025)  | USD1,175 | $1176 |
| GO Infrastructure Improvement Rev. Ref. Bonds, Series 2022-B, 4.00% 3/1/2027  | 1000 | 1018 |
| GO Infrastructure Improvement Rev. Ref. Bonds, Series 2021-B, 5.00% 2/1/2030  | 170 | 187 |
| GO Rev. Ref. Bonds (Conservation Projects), Series 2023-A, 4.00% 3/1/2026  | 940 | 944 |
| Healthcare Fac. Rev. Bonds (Otterbein Homes Obligated Group), Series 2023, 4.00% 7/1/2029  | 515 | 529 |
| Hospital Rev. Bonds (University Hospitals Health System, Inc.), Series 2025-A, 5.00% 1/15/2027  | 1755 | 1794 |
| Hospital Rev. Bonds (University Hospitals Health System, Inc.), Series 2025-A, 5.00% 1/15/2031  | 4125 | 4480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Multi Family Housing Rev. Bonds (Beechwood Apartments), Series 2025, 3.37% 3/1/2028 (put <br> 3/1/2027)  | 2350 | 2359 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Multi Family Housing Rev. Bonds (Community Pendleton Project), Series 2025, 3.40% <br> 7/1/2042 (put 2/1/2028)  | 1300 | 1306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Multi Family Housing Rev. Bonds (Hitchcock Housing), Series 2024-A, 5.00% 4/1/2027 (put 4/<br> 1/2026)  | 1300 | 1310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Multi Family Housing Rev. Bonds (Seton Square Portsmouth Apartments Project), Series <br> 2025-A, 5.00% 10/1/2028 (put 10/1/2027)  | 3140 | 3244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Residential Mortgage Rev. Bonds (Mortgage-Backed Securities Program), Series 2016-K, <br> 3.50% 9/1/2046  | 210 | 209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Residential Mortgage Rev. Bonds (Mortgage-Backed Securities Program), Series 2016-D, <br> 4.00% 3/1/2047  | 105 | 105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Residential Mortgage Rev. Bonds (Mortgage-Backed Securities Program), Series 2017-B, <br> AMT, 4.50% 3/1/2047  | 105 | 105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Residential Mortgage Rev. Bonds (Mortgage-Backed Securities Program), Series 2017-D, <br> 4.00% 3/1/2048  | 880 | 881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Residential Mortgage Rev. Bonds (Mortgage-Backed Securities Program), Series 2019-A, <br> 4.50% 9/1/2049  | 1140 | 1151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Residential Mortgage Rev. Bonds (Mortgage-Backed Securities Program), Series 2020-A, <br> 3.75% 9/1/2050  | 1375 | 1376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Residential Mortgage Rev. Bonds (Mortgage-Backed Securities Program), Series 2021-C, <br> 3.25% 3/1/2051  | 2160 | 2137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Residential Mortgage Rev. Bonds (Mortgage-Backed Securities Program), Series 2021-A, <br> 3.00% 3/1/2052  | 1205 | 1184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Residential Mortgage Rev. Bonds (Mortgage-Backed Securities Program), Series 2025-B, <br> 6.50% 3/1/2056  | 4300 | 4917 |
| Major New State Infrastructure Project Rev. Bonds, Series 2019-1, 5.00% 12/15/2025  | 210 | 211 |
| Miami University, General Receipts and Rev. Ref. Bonds, Series 2022-A, 5.00% 9/1/2027  | 575 | 599 |
| County of Montgomery, Hospital Facs. Rev. Bonds (Dayton Children's Hospital), Series 2021, 5.00% 8/1/2029  | 175 | 188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Summit, Dev. Fin. Auth. Multi Family Housing Rev. Bonds (Wintergreen Ledges Apartments), Series <br> 2025, 5.00% 4/1/2028 (put 4/1/2027)  | 3780 | 3876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turnpike and Infrastructure Commission, Turnpike Rev. Ref. Bonds (Infrastructure Projects), Series 2022-A, 5.00% <br> 2/15/2028  | 500 | 527 |
| Water Dev. Auth., Drinking Water Assistance Fund Rev. Green Bonds, Series 2022-A, 5.00% 6/1/2026  | 300 | 304 |
| Water Dev. Auth., Drinking Water Assistance Fund Rev. Green Bonds, Series 2022-A, 5.00% 12/1/2026  | 450 | 461 |
| Water Dev. Auth., Drinking Water Assistance Fund Rev. Green Bonds, Series 2022-A, 5.00% 6/1/2029  | 245 | 266 |
| Water Dev. Auth., Water Pollution Control Loan Fund Rev. Bonds, Series 2023-C, 5.00% 6/1/2028  | 725 | 770 |
|  |  | 46040 |
| **Oklahoma 0.48%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Single Family Mortgage Rev. Bonds (Homeownership Loan Program), Series 2022-A, 5.00% <br> 3/1/2052  | 2470 | 2549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Single Family Mortgage Rev. Bonds (Homeownership Loan Program), Series 2023-B, 5.75% <br>9/1/2053  | 960 | 1038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Single Family Mortgage Rev. Bonds (Homeownership Loan Program), Series 2024-A, 6.00% <br> 9/1/2054  | 950 | 1042 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Oklahoma (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Single Family Mortgage Rev. Bonds (Homeownership Loan Program), Series 2024-B, 6.25% <br>9/1/2055  | USD755 | $843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Single Family Mortgage Rev. Bonds (Homeownership Loan Program), Series 2024-C, 6.00% <br> 3/1/2056  | 1850 | 2051 |
| Tulsa County Independent School Dist. No. 1, Combined Purpose GO Bonds, Series 2021-B, 2.00% 9/1/2026  | 2000 | 1976 |
| Turnpike Auth., Turnpike System Rev. Bonds, Series 2017-C, 5.00% 1/1/2042  | 1200 | 1204 |
|  |  | 10703 |
| **Oregon 1.06%** |  |  |
| Dept. of Administrative Services, State Lottery Rev. Bonds, Series 2025-A, 5.00% 4/1/2029  | 2735 | 2957 |
| GO Bonds (Article XI-M, XI-N, and XI-P State Grant Programs), Series 2023-A, 5.00% 6/1/2026  | 1200 | 1216 |
| GO Bonds (Article XI-Q State Projects), Series 2023-A, 5.00% 5/1/2027  | 776 | 803 |
| GO Bonds (Article XI-Q State Projects), Series 2025-K, 5.00% 11/1/2027  | 2770 | 2902 |
| GO Bonds (Veteran's Welfare Bonds Series 96), Series 2015-Q, 4.00% 12/1/2045  | 75 | 75 |
| GO Bonds (Veteran's Welfare Bonds Series 99B), Series 2017-Q, 3.50% 12/1/2047  | 335 | 334 |
| GO Bonds (Veteran's Welfare Bonds Series 108), Series 2021-O, 3.00% 12/1/2051  | 1960 | 1920 |
| GO Bonds (Veteran's Welfare Bonds Series 109), Series 2022-D, 5.00% 12/1/2052  | 1345 | 1385 |
| GO Bonds (Veteran's Welfare Bonds Series 111), Series 2023-E, 5.50% 12/1/2053  | 610 | 653 |
| GO Rev. Ref. Bonds (Article XI-F1 State Projects), Series 2025-F, 5.00% 8/1/2030  | 1500 | 1669 |
| GO Rev. Ref. Bonds (Article XI-G State Projects), Series 2025-G, 5.00% 8/1/2029  | 1560 | 1700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing and Community Services Dept., Mortgage Rev. Bonds (Single Family Mortgage Program), Series <br> 2017-A, 4.00% 7/1/2047  | 640 | 641 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing and Community Services Dept., Mortgage Rev. Bonds (Single Family Mortgage Program), Series <br> 2024-C, 6.50% 7/1/2054  | 585 | 650 |
| Port of Portland, Portland International Airport Rev. Ref. Green Bonds, Series 30-A, AMT, 5.00% 7/1/2031  | 6000 | 6648 |
|  |  | 23553 |
| **Pennsylvania 3.33%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Allegheny, Hospital Dev. Auth. Rev. Bonds (Allegheny Health Network Obligated Group Issue), Series <br> 2018-A, 5.00% 4/1/2026  | 410 | 413 |
| Central Dauphin School Dist., GO Bonds, Series 2016, 5.00% 2/1/2027 (preref. 8/1/2026)  | 995 | 1011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Econ. Dev. Fin. Auth., Solid Waste Rev. Ref. Bonds (Republic Service, Inc. Project), Series 2010-B, 3.00% 12/1/2030 <br> (put 1/2/2026)  | 390 | 390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Econ. Dev. Fncg. Auth., Private Activity Rev. Bonds (The Pennsylvania Rapid Bridge Replacement Project), Series <br> 2015, AMT, 5.00% 12/31/2025  | 2225 | 2230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Econ. Dev. Fncg. Auth., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. Project), Series 2009, 0.95% <br> 12/1/2033 (put 12/1/2026)  | 5000 | 4851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Econ. Dev. Fncg. Auth., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. Project), Series 2011, AMT, <br> 4.25% 7/1/2041 (put 7/1/2027)  | 2000 | 2022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Econ. Dev. Fncg. Auth., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. Project), Series 2021-A-2, <br> AMT, 4.60% 10/1/2046 (put 10/1/2026)  | 17500 | 17582 |
| County of Erie, Erie City Water Auth., Water Rev. Bonds, Series 2016, 5.00% 12/1/2043 (preref. 12/1/2026)  | 1200 | 1229 |
| Higher Education Assistance Agcy., Education Loan Rev. Bonds, Series 2021-A, AMT, 5.00% 6/1/2026  | 95 | 96 |
| Higher Education Assistance Agcy., Education Loan Rev. Bonds, Series 2021-A, AMT, 5.00% 6/1/2027  | 525 | 534 |
| Higher Education Assistance Agcy., Education Loan Rev. Bonds, Series 2021-A, AMT, 5.00% 6/1/2030  | 400 | 421 |
| Higher Education Assistance Agcy., Education Loan Rev. Bonds, Series 2023-A, AMT, 5.00% 6/1/2030  | 3055 | 3217 |
| Higher Education Assistance Agcy., Education Loan Rev. Bonds, Series 2025-1A, AMT, 5.00% 6/1/2030  | 2550 | 2697 |
| Higher Education Assistance Agcy., Education Loan Rev. Bonds, Series 2024-1A, AMT, 5.00% 6/1/2031  | 1275 | 1356 |
| Higher Education Assistance Agcy., Education Loan Rev. Bonds, Series 2025-1A, AMT, 5.00% 6/1/2031  | 1670 | 1777 |
| Higher Education Assistance Agcy., Education Loan Rev. Bonds, Series 2020, 2.45% 6/1/2041  | 265 | 242 |
| Higher Education Assistance Agcy., Education Loan Rev. Bonds, Series 2024-1A, AMT, 4.125% 6/1/2045  | 455 | 448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Higher Educational Facs. Auth., Health System Rev. Bonds, Series 2016-AT-1, 5.00% 6/15/2030 (escrowed to <br> maturity)  | 595 | 602 |
| Housing Fin. Agcy., Single Family Mortgage Rev. Bonds, Series 2019-128-A, AMT, 4.75% 4/1/2033  | 95 | 95 |
| Housing Fin. Agcy., Single Family Mortgage Rev. Bonds, Series 2017-123-A, AMT, 4.00% 4/1/2039  | 115 | 115 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Pennsylvania (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Housing Fin. Agcy., Single Family Mortgage Rev. Bonds, Series 2015-118-A, AMT, 3.50% 4/1/2040  | USD55 | $55 |
| Housing Fin. Agcy., Single Family Mortgage Rev. Bonds, Series 2016-119, 3.50% 10/1/2041  | 35 | 35 |
| Housing Fin. Agcy., Single Family Mortgage Rev. Bonds, Series 2017-122, 4.00% 10/1/2046  | 1220 | 1220 |
| Housing Fin. Agcy., Single Family Mortgage Rev. Bonds, Series 2020-133, 3.00% 10/1/2050  | 1970 | 1943 |
| Housing Fin. Agcy., Single Family Mortgage Rev. Bonds, Series 2020-132-A, 3.50% 4/1/2051  | 215 | 214 |
| Housing Fin. Agcy., Single Family Mortgage Rev. Bonds, Series 2021-135-A, 3.00% 10/1/2051  | 485 | 480 |
| Housing Fin. Agcy., Single Family Mortgage Rev. Bonds, Series 2022-138-A, 3.00% 10/1/2052  | 1220 | 1192 |
| Housing Fin. Agcy., Single Family Mortgage Rev. Bonds, Series 2022-140-A, 5.00% 10/1/2052  | 450 | 465 |
| Housing Fin. Agcy., Single Family Mortgage Rev. Bonds, Series 2023-141-A, 5.75% 10/1/2053  | 5490 | 5817 |
| Housing Fin. Agcy., Single Family Mortgage Rev. Bonds, Series 2024-144A, 6.00% 10/1/2054  | 1460 | 1580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Philadelphia, Industrial Dev. Auth., Hospital Rev. Bonds (The Children's Hospital of Philadelphia Project), <br> Series 2017, 5.00% 7/1/2034  | 1515 | 1565 |
| City of Philadelphia, Water and Wastewater Rev. Bonds, Series 2022-C, 5.00% 6/1/2030  | 800 | 881 |
| City of Philadelphia, Water and Wastewater Rev. Bonds, Series 2022-C, 5.00% 6/1/2031  | 780 | 874 |
| Philadelphia School Dist., GO Bonds, Series 2021-A, 5.00% 9/1/2028  | 1265 | 1340 |
| Philadelphia School Dist., GO Green Bonds, Series 2021-B, 5.00% 9/1/2026  | 1000 | 1018 |
| Philadelphia School Dist., GO Green Bonds, Series 2021-B, 5.00% 9/1/2027  | 600 | 623 |
| Philadelphia School Dist., GO Green Bonds, Series 2021-B, 5.00% 9/1/2028  | 365 | 387 |
| Philadelphia School Dist., GO Green Bonds, Series 2021-B, 5.00% 9/1/2029  | 1080 | 1166 |
| Turnpike Commission, Turnpike Rev. Bonds, Series 2019-A, 5.00% 12/1/2025  | 500 | 501 |
| Turnpike Commission, Turnpike Rev. Bonds, Series 2019-A, 5.00% 12/1/2026  | 400 | 410 |
| Turnpike Commission, Turnpike Rev. Bonds, Series 2019-A, 5.00% 12/1/2027  | 1000 | 1047 |
| Turnpike Commission, Turnpike Rev. Bonds, Series 2025-A, 5.00% 12/1/2028  | 1100 | 1179 |
| Turnpike Commission, Turnpike Rev. Bonds, Series 2025-A, 5.00% 12/1/2029  | 1210 | 1324 |
| Turnpike Commission, Turnpike Rev. Bonds, Series 2025-B, 5.00% 12/1/2031  | 1250 | 1417 |
| Turnpike Commission, Turnpike Rev. Bonds, Series 2015-B, 5.00% 12/1/2045  | 600 | 601 |
| Turnpike Commission, Turnpike Rev. Ref. Bonds, Series 2016, 5.00% 6/1/2026  | 3000 | 3005 |
| Turnpike Commission, Turnpike Rev. Ref. Bonds, Series 2017-A-2, 5.00% 12/1/2027  | 515 | 540 |
| Turnpike Commission, Turnpike Rev. Ref. Bonds, Series 2024-1, 5.00% 12/1/2028  | 510 | 546 |
| Turnpike Commission, Turnpike Rev. Ref. Bonds, Series 2025-2, 5.00% 12/1/2045 (put 12/1/2032)  | 1220 | 1385 |
|  |  | 74138 |
| **Puerto Rico 0.05%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial, Tourist, Educational, Medical and Environmental Control Facs. Fncg. Auth., Hospital Rev. and Rev. Ref. <br> Bonds (Hospital Auxilio Mutuo Obligated Group Project), Series 2021, 5.00% 7/1/2028  | 1140 | 1184 |
| **Rhode Island 0.38%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health and Educational Building Corp., Higher Education Facs. Rev. Bonds (Brown University Issue), Series <br> 2019-A, 5.00% 9/1/2029  | 1085 | 1181 |
| Housing and Mortgage Fin. Corp., Homeownership Opportunity Bonds, Series 69-B, 4.00% 10/1/2048  | 240 | 241 |
| Housing and Mortgage Fin. Corp., Homeownership Opportunity Bonds, Series 75-A, 3.00% 10/1/2051  | 2875 | 2826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing and Mortgage Fin. Corp., Multi Family Dev. Green Bonds, Series 2024-1-A, FHA, 3.60% 10/1/2054 (put <br> 10/1/2027)  | 1750 | 1754 |
| Student Loan Auth., Education Loan Rev. Bonds, Series 2022-A, AMT, 4.125% 12/1/2041  | 1770 | 1746 |
| Student Loan Auth., Education Loan Rev. Bonds, Series 2023-A, AMT, 4.125% 12/1/2042  | 420 | 412 |
| Student Loan Auth., Education Loan Rev. Bonds, Series 2024-A, AMT, 4.125% 12/1/2043  | 270 | 262 |
|  |  | 8422 |
| **South Carolina 0.91%** |  |  |
| Housing Fin. and Dev. Auth., Mortgage Rev. Bonds, Series 2017-A, 4.00% 1/1/2047  | 20 | 20 |
| Housing Fin. and Dev. Auth., Mortgage Rev. Bonds, Series 2017-B, FHA, 4.00% 7/1/2047  | 30 | 30 |
| Housing Fin. and Dev. Auth., Mortgage Rev. Bonds, Series 2018-A, 4.50% 7/1/2048  | 320 | 322 |
| Housing Fin. and Dev. Auth., Mortgage Rev. Bonds, Series 2020-A, 4.00% 7/1/2050  | 815 | 820 |
| Housing Fin. and Dev. Auth., Mortgage Rev. Bonds, Series 2021-A, 3.00% 1/1/2052  | 450 | 443 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **South Carolina (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Housing Fin. and Dev. Auth., Mortgage Rev. Bonds, Series 2020-B, 3.25% 1/1/2052  | USD945 | $937 |
| Housing Fin. and Dev. Auth., Mortgage Rev. Bonds, Series 2022-A, 4.00% 1/1/2052  | 630 | 636 |
| Housing Fin. and Dev. Auth., Mortgage Rev. Bonds, Series 2022-B, 5.00% 1/1/2052  | 2795 | 2907 |
| Housing Fin. and Dev. Auth., Mortgage Rev. Bonds, Series 2025-A, 6.50% 7/1/2055  | 4700 | 5345 |
| Housing Fin. and Dev. Auth., Mortgage Rev. Ref. Bonds, Series 2016-A, 4.00% 7/1/2036  | 45 | 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. and Dev. Auth., Multi Family Housing Rev. Bonds (573 Meeting Street Project), Series 2024, 3.00% <br> 4/1/2043 (put 4/1/2027)  | 1000 | 1000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. and Dev. Auth., Multi Family Housing Rev. Bonds (Poplar Square Apartments Project), Series 2025, <br> 5.00% 4/1/2028 (put 4/1/2027)  | 1125 | 1155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jobs-Econ. Dev. Auth., Environmental Improvement Rev. Ref. Bonds (International Paper Company Project), <br> Series 2023-A, AMT, 4.00% 4/1/2033 (put 4/1/2026)  | 1830 | 1838 |
| Patriots Energy Group Fncg. Agcy., Gas Supply Rev. Bonds, Series 2023-B-1, 5.25% 2/1/2054 (put 3/1/2031)  | 230 | 250 |
| Public Service Auth., Rev. Ref. Obligations (Santee Cooper), Series 2025-B, 5.00% 12/1/2028  | 1210 | 1294 |
| Public Service Auth., Rev. Ref. Obligations (Santee Cooper), Series 2022-A, 5.00% 12/1/2029  | 85 | 93 |
| Public Service Auth., Rev. Ref. Obligations (Santee Cooper), Series 2016-A, 5.00% 12/1/2031  | 2015 | 2040 |
| Public Service Auth., Rev. Ref. Obligations (Santee Cooper), Series 2016-A, 5.00% 12/1/2033  | 1050 | 1062 |
|  |  | 20237 |
| **South Dakota 0.65%** |  |  |
| Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2015-D, 4.00% 11/1/2045  | 5 | 5 |
| Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2016-D, 3.50% 11/1/2046  | 265 | 264 |
| Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2018-A, 4.00% 11/1/2048  | 130 | 130 |
| Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2018-B, 4.50% 11/1/2048  | 850 | 857 |
| Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2021-B, 3.00% 11/1/2051  | 1595 | 1572 |
| Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2022-C, 5.00% 5/1/2053  | 1725 | 1779 |
| Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2024-A, 6.25% 5/1/2055  | 5310 | 5780 |
| Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2024-C, 6.25% 11/1/2055  | 2020 | 2263 |
| Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2025-A, 6.50% 11/1/2055  | 1535 | 1750 |
|  |  | 14400 |
| **Tennessee 1.02%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health and Educational Facs. Auth., Collateralized Multi Family Rev. Bonds (BTT Dev. IV and Housing Associates <br> Rural Dev. Program), Series 2024, 3.00% 4/1/2028 (put 4/1/2027)  | 6495 | 6493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health and Educational Facs. Board of the Metropolitan Government of Nashville and Davidson County, Multi <br> Family Rev. Bonds (Trinity Flats Apartments), Series 2024-B, 3.65% 10/1/2046 (put 7/1/2028)  | 1040 | 1050 |
| Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2017-2-B, 4.00% 1/1/2042  | 655 | 657 |
| Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2017-1, 4.00% 7/1/2042  | 440 | 440 |
| Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2014-2-A, 4.00% 7/1/2045  | 105 | 105 |
| Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2015-2-A, 4.00% 1/1/2046  | 150 | 150 |
| Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2016-1-B, 3.50% 1/1/2047  | 125 | 125 |
| Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2022-2, 5.00% 1/1/2053  | 495 | 511 |
| Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2025-1A, 6.00% 1/1/2056  | 2195 | 2420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Knox, Health, Educational and Housing Fac. Board, Multi Family Housing Rev. Bonds (Westview Towers <br> Project), Series 2022, 3.95% 12/1/2027  | 1090 | 1090 |
| Metropolitan Nashville Airport Auth., Airport Improvement Rev. Bonds, Series 2022-B, AMT, 5.00% 7/1/2026  | 560 | 567 |
| Metropolitan Nashville Airport Auth., Airport Improvement Rev. Bonds, Series 2022-B, AMT, 5.00% 7/1/2028  | 1275 | 1340 |
| Metropolitan Nashville Airport Auth., Airport Improvement Rev. Bonds, Series 2022-B, AMT, 5.00% 7/1/2029  | 1915 | 2049 |
| Metropolitan Nashville Airport Auth., Subordinate Airport Rev. Bonds, Series 2019-B, AMT, 5.00% 7/1/2031  | 1500 | 1616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Williamson Industrial Dev. Board, Multi Family Housing Rev. Bonds (Wood Duck Court Apartments), <br> Series 2023, 5.00% 5/1/2042 (put 5/1/2027)  | 4070 | 4145 |
|  |  | 22758 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Texas 11.14%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affordable Housing Corp., Multi Family Housing Rev. Bonds (Juniper Creek Apartments Project), Series 2023, <br> 3.75% 7/1/2044 (put 7/1/2026)  | USD2,085 | $2092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affordable Housing Corp., Multi Family Housing Rev. Bonds (Norman Commons), Series 2023, 3.625% 1/1/2045 <br> (put 1/1/2027)  | 1150 | 1157 |
| Alamo Community College Dist., Maintenance Tax Notes, Series 2022, 5.00% 2/15/2026  | 2885 | 2903 |
| Allen Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2025-A, 5.00% 2/15/2027  | 2065 | 2122 |
| Alvin Independent School Dist., Unlimited Tax Schoolhouse and Rev. Ref. Bonds, Series 2024, 5.00% 2/15/2029  | 750 | 806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington Higher Education Fin. Corp., Education Rev. Bonds (Great Hearts America - Texas), Series 2021-A, <br> 4.00% 8/15/2026  | 110 | 111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington Higher Education Fin. Corp., Education Rev. Bonds (Harmony Public Schools), Series 2024, 5.00% 2/15/<br> 2034  | 1300 | 1438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington Higher Education Fin. Corp., Education Rev. Bonds (Trinity Basin Preparatory, Inc.), Series 2023, 5.00% <br> 8/15/2026  | 500 | 508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington Higher Education Fin. Corp., Education Rev. Bonds (Trinity Basin Preparatory, Inc.), Series 2023, 5.00% <br> 8/15/2027  | 560 | 583 |
| Arlington Higher Education Fin. Corp., Education Rev. Bonds (Uplift Education), Series 2019-A, 4.00% 12/1/2025  | 425 | 425 |
| Arlington Higher Education Fin. Corp., Education Rev. Bonds (Uplift Education), Series 2019-A, 4.00% 12/1/2026  | 440 | 446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Austin Affordable PFC, Inc., Multi Family Housing Rev. Bonds (Eagle's Landing Family Apartments), Series 2024-B, <br> 5.00% 9/1/2028 (put 9/1/2027)  | 330 | 342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Austin Affordable PFC, Inc., Multi Family Housing Rev. Bonds (Village at Cottonwood Apartments), Series 2024-B, <br> 5.00% 9/1/2028 (put 9/1/2027)  | 235 | 243 |
| City of Austin, Airport System Rev. Bonds, Series 2022, AMT, 5.00% 11/15/2026  | 2820 | 2873 |
| City of Austin, Airport System Rev. Bonds, Series 2022, AMT, 5.00% 11/15/2027  | 2000 | 2078 |
| City of Austin, Airport System Rev. Ref. Bonds, Series 2019, AMT, 5.00% 11/15/2025  | 315 | 315 |
| City of Austin, Public Improvement and Rev. Ref. Bonds, Series 2025, 5.00% 9/1/2031  | 4175 | 4719 |
| Barbers Hill Independent School Dist., Unlimited Tax School Building Bonds, Series 2020, 5.00% 2/15/2026  | 1735 | 1746 |
| County of Bexar, Limited Tax Rev. Ref. Bonds, Series 2017, 5.00% 6/15/2043 (preref. 6/15/2026)  | 8000 | 8108 |
| Boerne Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2019, 5.00% 2/1/2027  | 1200 | 1235 |
| Brazos Higher Education Auth., Inc., Student Loan Program Rev. Bonds, Series 2025-1A, AMT, 5.00% 4/1/2027  | 750 | 763 |
| Brazos Higher Education Auth., Inc., Student Loan Program Rev. Bonds, Series 2025-1A, AMT, 5.00% 4/1/2028  | 1400 | 1444 |
| Brazos Higher Education Auth., Inc., Student Loan Program Rev. Bonds, Series 2024-1-A, AMT, 5.00% 4/1/2030  | 1800 | 1902 |
| Brazos Higher Education Auth., Inc., Student Loan Program Rev. Bonds, Series 2025-1A, AMT, 4.50% 4/1/2046  | 2440 | 2483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carrollton-Farmers Branch Independent School Dist., Unlimited Tax School Building Bonds, Series 2023, 5.00% <br> 2/15/2027  | 7000 | 7212 |
| Central Texas Regional Mobility Auth., Rev. Bond Anticipation Notes, Series 2021-C, 5.00% 1/1/2027  | 1500 | 1504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clifton Higher Education Fin. Corp., Education Rev. and Rev. Ref. Bonds (Idea Public Schools), Series 2025, 5.00% <br> 8/15/2027  | 1650 | 1715 |
| Clifton Higher Education Fin. Corp., Education Rev. Bonds (Idea Public Schools), Series 2021-T, 5.00% 8/15/2026  | 410 | 417 |
| Clifton Higher Education Fin. Corp., Education Rev. Bonds (Idea Public Schools), Series 2021-T, 5.00% 8/15/2027  | 200 | 208 |
| Clifton Higher Education Fin. Corp., Education Rev. Bonds (Idea Public Schools), Series 2021-T, 5.00% 8/15/2028  | 40 | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clifton Higher Education Fin. Corp., Education Rev. Ref. Bonds (Idea Public Schools), Series 2024, 5.00% 8/15/<br> 2026  | 600 | 610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clifton Higher Education Fin. Corp., Education Rev. Ref. Bonds (International Leadership of Texas, Inc.), Series <br> 2024-A, 5.00% 8/15/2027  | 1400 | 1455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clifton Higher Education Fin. Corp., Education Rev. Ref. Bonds (International Leadership of Texas, Inc.), Series <br> 2024-A, 5.00% 8/15/2029  | 1325 | 1424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clifton Higher Education Fin. Corp., Education Rev. Ref. Bonds (International Leadership of Texas, Inc.), Series <br> 2024-A, 5.00% 8/15/2030  | 2270 | 2479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clifton Higher Education Fin. Corp., Education Rev. Ref. Bonds (International Leadership of Texas, Inc.), Series <br> 2025-B, 4.00% 2/15/2055 (put 2/15/2030)  | 750 | 783 |
| Comal Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2025, 5.00% 2/1/2027  | 3725 | 3827 |
| Conroe Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2025, 5.00% 2/15/2027  | 1080 | 1110 |
| Corpus Christi Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2025, 5.00% 8/15/2029  | 1000 | 1087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Dallas Housing Fin. Corp., Multi Family Housing Rev. Bonds (Palladium Buckner Station), Series 2025, <br> 3.05% 8/1/2030 (put 8/1/2028)  | 2900 | 2901 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Texas (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Dallas Area Rapid Transit Sales Tax Rev. Ref. Bonds, Series 2016-A, 5.00% 12/1/2033 (preref. 12/1/2025)  | USD150 | $150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Dallas Housing Fin. Corp., Multi Family Housing Rev. Bonds (Highpoint at Wynnewood), Series 2022, <br> 3.50% 2/1/2044 (put 2/1/2026)  | 580 | 580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Dallas Housing Fin. Corp., Multi Family Housing Rev. Bonds (Rosemont at Ash Creek Apartments), Series <br> 2023, FHA, 5.00% 7/1/2026 (put 12/1/2025)  | 930 | 931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Dallas Housing Fin. Corp., Multi Family Housing Rev. Bonds (The Mondello), Series 2024, 5.00% 8/1/2027 <br> (put 8/1/2026)  | 480 | 486 |
| Del Mar College Dist., Limited Tax Bonds, Series 2020-A, 5.00% 8/15/2026  | 335 | 340 |
| Del Valle Independent School Dist., Unlimited Tax School Building Bonds, Series 2020, 5.00% 6/15/2026  | 1000 | 1014 |
| Denton Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2025-C, 5.00% 8/15/2027  | 2275 | 2364 |
| Denton Independent School Dist., Unlimited Tax School Building Bonds, Series 2023, 5.00% 8/15/2027  | 1650 | 1716 |
| Dept. of Housing and Community Affairs, Residential Mortgage Rev. Ref. Bonds, Series 2025-D, 6.25% 1/1/2056  | 2500 | 2807 |
| El Paso Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2015, 5.00% 8/15/2026  | 400 | 401 |
| Forney Independent School Dist., Unlimited Tax School Building Rev. Ref. Bonds, Series 2025, 5.00% 8/15/2029  | 2500 | 2716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fort Bend Grand Parkway Toll Road Auth., Limited Contract Tax and Toll Road Rev. Ref. Bonds, Series 2021-A, <br> 5.00% 3/1/2027  | 330 | 340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fort Bend Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2021-B, 0.72% 8/1/2051 (put <br>8/1/2026)  | 3090 | 3019 |
| Fort Worth Independent School Dist., Unlimited Tax School Building Bonds, Series 2020, 5.00% 2/15/2026  | 500 | 503 |
| Fort Worth Independent School Dist., Unlimited Tax School Building Bonds, Series 2020, 5.00% 2/15/2027  | 1000 | 1030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Frisco Independent School Dist., Unlimited Tax School Building and Rev. Ref. Bonds, CAB, Series 1999, 0% <br>8/15/2027  | 1000 | 949 |
| City of Georgetown, Utility System Rev. Bonds, Series 2022, AGI, 5.00% 8/15/2026  | 1000 | 1017 |
| Georgetown Independent School Dist., Unlimited Tax School Building Bonds, Series 2024, 5.00% 2/15/2026  | 500 | 503 |
| Georgetown Independent School Dist., Unlimited Tax School Building Bonds, Series 2024, 5.00% 2/15/2027  | 500 | 515 |
| Georgetown Independent School Dist., Unlimited Tax School Building Bonds, Series 2024, 5.00% 2/15/2028  | 500 | 526 |
| GO Water Financial Assistance Rev. Ref. Bonds, Series 2021-B, 4.00% 8/1/2030  | 560 | 560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goose Creek Consolidated Independent School Dist., Unlimited Tax School Building Bonds, Series 2021, 5.00% <br> 2/15/2027  | 1125 | 1160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goose Creek Consolidated Independent School Dist., Unlimited Tax School Building Bonds, Series 2014-B, <br> 0.60% 2/15/2035 (put 8/17/2026)  | 810 | 795 |
| Gregory-Portland Independent School Dist., Unlimited Tax School Building Bonds, Series 2023, 5.00% 2/15/2026  | 1000 | 1006 |
| Gregory-Portland Independent School Dist., Unlimited Tax School Building Bonds, Series 2025, 5.00% 2/15/2033  | 1850 | 2131 |
| County of Harris, Port of Houston Auth., Rev. Bonds, Series 2023, 5.00% 10/1/2026  | 775 | 791 |
| County of Harris, Port of Houston Auth., Rev. Bonds, Series 2023, 5.00% 10/1/2027  | 900 | 939 |
| County of Harris, Sports Auth., Rev. Ref. Bonds, Series 2024-A, AGI, 5.00% 11/15/2030  | 1320 | 1451 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harris County Housing Fin. Corp., Multi Family Housing Rev. Notes (Baypointe Apartments), Series 2025, 2.95% <br> 9/1/2043 (put 9/1/2028)  | 1455 | 1443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hays Consolidated Independent School Dist., Unlimited Tax School Building Bonds, Series 2023, 5.00% 2/15/<br> 2026  | 1000 | 1006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dept. of Housing and Community Affairs, Multi Family Housing Rev. Bonds (Palladium Old FM 471 W), Series <br> 2024, 3.05% 9/1/2029 (put 9/1/2027)  | 2625 | 2628 |
| Dept. of Housing and Community Affairs, Residential Mortgage Rev. Bonds, Series 2021-A, 3.00% 1/1/2052  | 1710 | 1680 |
| Dept. of Housing and Community Affairs, Residential Mortgage Rev. Bonds, Series 2022-B, 5.75% 1/1/2053  | 3315 | 3563 |
| Dept. of Housing and Community Affairs, Residential Mortgage Rev. Bonds, Series 2023-A, 5.50% 7/1/2053  | 3065 | 3275 |
| Dept. of Housing and Community Affairs, Single Family Mortgage Rev. Bonds, Series 2019-A, 4.00% 3/1/2050  | 1610 | 1622 |
| Dept. of Housing and Community Affairs, Single Family Mortgage Rev. Bonds, Series 2020-A, 3.50% 3/1/2051  | 490 | 487 |
| Dept. of Housing and Community Affairs, Single Family Mortgage Rev. Bonds, Series 2021-A, 3.00% 3/1/2052  | 5225 | 5129 |
| Dept. of Housing and Community Affairs, Single Family Mortgage Rev. Bonds, Series 2022-B, 6.00% 3/1/2053  | 1790 | 1954 |
| Dept. of Housing and Community Affairs, Single Family Mortgage Rev. Bonds, Series 2023-C, 6.00% 3/1/2054  | 840 | 923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Options, Inc., Multi Family Housing Rev. Bonds (Royal Crest Apartments), Series 2025, 3.05% 2/1/2045 <br> (put 2/1/2028)  | 905 | 906 |
| City of Houston, Airport System Rev. Ref. Bonds, Series 2020-A, AMT, 5.00% 7/1/2027  | 1000 | 1031 |
| City of Houston, Airport System Rev. Ref. Bonds, Series 2023-B, AGI, AMT, 5.00% 7/1/2028  | 2625 | 2759 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Texas (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Houston, Memorial City Redev. Auth., Tax Increment Contract Rev. and Rev. Ref. Bonds, Series 2019, AGI, <br> 5.00% 9/1/2026  | USD320 | $325 |
| Houston Independent School Dist., Maintenance Tax Notes, Series 2025-A, 5.00% 7/15/2045 (put 7/15/2028)  | 6935 | 7301 |
| Irving Independent School Dist., Unlimited Tax School Building Bonds, Series 2023, 5.00% 2/15/2027  | 1345 | 1385 |
| Irving Independent School Dist., Unlimited Tax School Building Bonds, Series 2023, 5.00% 2/15/2029  | 760 | 818 |
| Joshua Independent School Dist., Unlimited Tax School Building Bonds, Series 2024, 5.00% 8/15/2029  | 500 | 544 |
| Katy Independent School Dist., Unlimited Tax School Building Bonds, Series 2025, 5.00% 2/15/2028  | 2000 | 2106 |
| Kilgore Independent School Dist., Unlimited Tax School Building Bonds, Series 2022, 5.00% 2/15/2026  | 435 | 438 |
| Klein Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2016-A, 3.00% 8/1/2028  | 1500 | 1500 |
| Krum Independent School Dist., Unlimited Tax School Building Bonds, Series 2025, 5.00% 8/15/2034  | 1000 | 1166 |
| Lamar Consolidated Independent School Dist., Unlimited Tax Schoolhouse Bonds, Series 2021, 5.00% 2/15/2029  | 345 | 371 |
| Leander Independent School Dist., Unlimited Tax School Building Bonds, Series 2023, 5.00% 2/15/2027  | 4250 | 4376 |
| Leander Independent School Dist., Unlimited Tax School Building Bonds, CAB, Series 2025-A, 0% 8/15/2026  | 800 | 782 |
| Lower Colorado River Auth., Rev. Ref. Bonds, Series 2023-A, 5.00% 5/15/2027  | 780 | 807 |
| Lower Colorado River Auth., Rev. Ref. Bonds, Series 2023-B, 5.00% 5/15/2039 (put 5/15/2028)  | 1600 | 1667 |
| City of Lubbock, Electric Light and Power System Rev. Ref. Bonds, Series 2023, 5.00% 4/15/2029  | 795 | 857 |
| City of Lubbock, Electric Light and Power System Rev. Ref. Bonds, Series 2023, AGI, 5.00% 4/15/2030  | 1000 | 1099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mabank Independent School Dist., Unlimited Tax School Building and Rev. Ref. Bonds, Series 2024, 5.00% 8/15/<br> 2029  | 760 | 827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medina Valley Independent School Dist., Unlimited Tax School Building Bonds, Series 2021, 0.82% 2/15/2051 <br> (put 2/15/2026)  | 605 | 600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mission Econ. Dev. Corp., Solid Waste Disposal Rev. Bonds (Republic Services, Inc. Project), Series 2024, AMT, <br> 4.00% 6/1/2054 (put 6/1/2034)  | 2000 | 2023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mission Econ. Dev. Corp., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. Project), Series 2023-A, <br> AMT, 4.25% 6/1/2048 (put 7/1/2027)  | 11335 | 11416 |
| Municipal Gas Acquisition and Supply Corp. I, Gas Supply Rev. Bonds, Series 2008-D, 6.25% 12/15/2026  | 4505 | 4583 |
| Municipal Gas Acquisition and Supply Corp. III, Gas Supply Rev. Ref. Bonds, Series 2021, 5.00% 12/15/2025  | 1480 | 1483 |
| Municipal Gas Acquisition and Supply Corp. III, Gas Supply Rev. Ref. Bonds, Series 2021, 5.00% 12/15/2026  | 1000 | 1018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Gas Acquisition and Supply Corp. IV, Gas Supply Rev. Bonds, Series 2023-A, 5.50% 1/1/2054 (put <br>1/1/2030)  | 6450 | 6917 |
| Nacogdoches Independent School Dist., Unlimited Tax School Building Bonds, Series 2019, 5.00% 2/15/2027  | 985 | 1014 |
| New Caney Independent School Dist., Unlimited Tax School Building Bonds, Series 2023, 5.00% 2/15/2027  | 1000 | 1028 |
| New Caney Independent School Dist., Unlimited Tax School Building Bonds, Series 2023, 5.00% 2/15/2028  | 525 | 553 |
| North East Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2025, 5.00% 8/1/2033  | 2500 | 2904 |
| North East Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2024, 3.75% 8/1/2049 (put 8/1/2027)  | 950 | 961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Texas Higher Education Auth., Inc., Education Loan Rev. Bonds, Senior Series 2024-1-A, AMT, 4.125% <br>6/1/2045  | 565 | 556 |
| Northside Independent School Dist., Unlimited Tax School Building Bonds, Series 2025, 5.00% 8/15/2029  | 1000 | 1088 |
| Northwest Independent School Dist., Unlimited Tax School Building Bonds, Series 2024-A, 5.00% 2/15/2026  | 600 | 604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northwest Independent School Dist., Unlimited Tax School Building Bonds, Series 2017, 5.00% 2/15/2042 <br> (preref. 2/15/2026)  | 1175 | 1182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pearland Independent School Dist., Unlimited Tax School Building and Rev. Ref. Bonds, Series 2025, 5.00% 2/15/<br> 2032  | 2500 | 2835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pecos-Barstow-Toyah Independent School Dist., Unlimited Tax School Building Bonds, Series 2023, 5.00% 2/15/<br> 2027  | 700 | 722 |
| County of Rockwall, Permanent Improvement and Rev. Ref. Bonds, Series 2020, 5.00% 2/1/2026  | 260 | 261 |
| City of San Antonio, Electric and Gas Systems Rev. Bonds, Series 2015-D, 1.125% 12/1/2045 (put 12/1/2026)  | 3515 | 3426 |
| City of San Antonio, Electric and Gas Systems Rev. Ref. Bonds, Series 2015, 5.00% 2/1/2026  | 1400 | 1407 |
| City of San Antonio, Electric and Gas Systems Rev. Ref. Bonds, Series 2022, 5.00% 2/1/2027  | 90 | 93 |
| City of San Antonio, Electric and Gas Systems Rev. Ref. Bonds, Series 2024-B, 5.00% 2/1/2028  | 550 | 578 |
| City of San Antonio, Electric and Gas Systems Rev. Ref. Bonds, Series 2024-B, 5.00% 2/1/2029  | 200 | 215 |
| City of San Antonio, Electric and Gas Systems Rev. Ref. Bonds, Series 2025-A, 3.08% 2/1/2055 (put 12/1/2028)  | 6325 | 6324 |
| City of San Antonio, Water System Rev. and Rev. Ref. Bonds, Series 2013-F, 1.00% 5/1/2043 (put 11/1/2026)  | 1000 | 975 |
| San Jacinto Community College Dist., Limited Tax GO Building Bonds, Series 2021, 5.00% 2/15/2026  | 1000 | 1005 |

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American Funds Short-Term Tax-Exempt Bond Fund — Page 29 of 38

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Texas (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; San Marcos Consolidated Independent School Dist., Unlimited Tax School Building Bonds, Series 2023, 5.00% <br>8/15/2026  | USD1,740 | $1771 |
| Southwest Independent School Dist., Unlimited Tax School Building Bonds, Series 2023, 5.00% 2/1/2027  | 860 | 885 |
| Spring Independent School Dist., Unlimited Tax School Building Bonds, Series 2024-A, 5.00% 8/15/2029  | 420 | 457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Tarrant, Housing Fin. Corp., Multi Family Housing Rev. Bonds (The Meridian Apartments), Series <br> 2024-B, 5.00% 9/1/2028 (put 9/1/2027)  | 450 | 466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Tarrant, Housing Fin. Corp., Multi Family Housing Rev. Notes (Wildwood Branch), Series 2025, 3.60% <br> 2/1/2043 (put 2/1/2028)  | 3125 | 3154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Texas Higher Education Auth., Inc., Education Loan Rev. Bonds, Senior Series 2025-A, AMT, 5.00% 6/1/<br> 2032  | 225 | 241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Texas Higher Education Auth., Inc., Education Loan Rev. Bonds, Senior Series 2025-A, AMT, 4.50% <br>6/1/2046  | 1380 | 1397 |
| Greater Texoma Utility Auth., Contract Rev. Bonds (City of Sherman Project), Series 2024, BAM, 5.00% 10/1/2028  | 3360 | 3563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; THF Public Fac. Corp., Multi Family Housing Rev. Bonds (Covington Acres), Series 2025, 3.34% 2/1/2044 (put <br>2/1/2029)  | 2085 | 2102 |
| Tomball Business Improvement Dist. No. 1, Unlimited Tax Bonds, Series 2024, 6.50% 11/15/2028  | 265 | 289 |
| Tomball Business Improvement Dist. No. 1, Unlimited Tax Bonds, Series 2024, 6.00% 11/15/2029  | 280 | 307 |
| Tomball Business Improvement Dist. No. 1, Unlimited Tax Bonds, Series 2024, 6.50% 11/15/2030  | 290 | 330 |
| Tomball Independent School Dist., Unlimited Tax School Building Bonds, Series 2025, 5.00% 2/15/2027  | 1050 | 1081 |
| Transportation Commission, Central Texas Turnpike System Rev. Ref. Bonds, Series 2024-C, 5.00% 8/15/2031  | 1800 | 2015 |
| Transportation Commission, GO Mobility Fund Bonds, Series 2014-B, 0.65% 10/1/2041 (put 4/1/2026)  | 5500 | 5430 |
| Transportation Commission, Highway Improvement GO Bonds, Series 2016-A, 5.00% 4/1/2031  | 2990 | 3012 |
| Turnpike Auth., Central Texas Turnpike System, Rev. Bonds, CAB, Series 2002-A, AMBAC, 0% 8/15/2027  | 3370 | 3195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Board of Regents of the University of North Texas System, Rev. Fncg. System Rev. Ref. and Improvement Bonds, <br> Series 2025-A, 5.00% 4/15/2029  | 675 | 728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Board of Regents of the University of North Texas System, Rev. Fncg. System Rev. Ref. and Improvement Bonds, <br> Series 2025-A, 5.00% 4/15/2031  | 1600 | 1790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Water Dev. Board, State Water Implementation Rev. Fund, Reserve Bonds (Master Trust), Series 2024-A, 5.00% <br> 10/15/2037  | 2480 | 2839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Water Dev. Board, State Water Implementation Rev. Fund, Rev. Bonds (Master Trust), Series 2023-A, 5.00% 10/15/<br> 2028  | 230 | 247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Water Dev. Board, State Water Implementation Rev. Fund, Rev. Bonds (Master Trust), Series 2018-B, 5.00% <br>10/15/2030  | 780 | 835 |
| Willis Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2025, 5.00% 2/15/2027  | 3030 | 3114 |
|  |  | 248150 |
| **Utah 1.03%** |  |  |
| Board of Higher Education, General Rev. Bonds (University of Utah), Series 2023-B, 5.00% 8/1/2029  | 500 | 544 |
| GO Bonds, Series 2019, 5.00% 7/1/2026  | 1000 | 1015 |
| Housing Corp., Multi Family Housing Rev. Bonds (Liberty Corner), Series 2025, 3.00% 9/1/2045 (put 9/1/2029)  | 2435 | 2428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Corp., Multi Family Housing Rev. Bonds (New City Plaza Apartments Project), Series 2021, 3.625% <br>2/1/2026  | 9830 | 9836 |
| Housing Corp., Single Family Mortgage Bonds, Series 2023-A, 6.00% 7/1/2053  | 210 | 225 |
| Housing Corp., Single Family Mortgage Bonds, Series 2024-A, 6.50% 1/1/2054  | 360 | 393 |
| Housing Corp., Single Family Mortgage Bonds, Series 2024-E, 6.00% 7/1/2054  | 495 | 547 |
| Housing Corp., Single Family Mortgage Bonds, Class III, Series 2015-D-2, FHA, 4.00% 1/1/2045  | 130 | 130 |
| Salt Lake City, Airport Rev. Bonds (Salt Lake City International Airport), Series 2021-A, AMT, 5.00% 7/1/2026  | 2250 | 2278 |
| Salt Lake City, Airport Rev. Bonds (Salt Lake City International Airport), Series 2023-A, AMT, 5.00% 7/1/2027  | 830 | 856 |
| Salt Lake City, Airport Rev. Bonds (Salt Lake City International Airport), Series 2018-A, AMT, 5.00% 7/1/2028  | 1000 | 1052 |
| Salt Lake City, Airport Rev. Bonds (Salt Lake City International Airport), Series 2017-A, AMT, 5.00% 7/1/2029  | 800 | 826 |
| Salt Lake City, Airport Rev. Bonds (Salt Lake City International Airport), Series 2021-A, AMT, 5.00% 7/1/2029  | 1500 | 1605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Telecommunication Open Infrastructure Agcy., Sales Tax and Telecommunications Rev. Ref. Bonds, Series 2022, <br> 5.00% 6/1/2026  | 400 | 404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Telecommunication Open Infrastructure Agcy., Sales Tax and Telecommunications Rev. Ref. Bonds, Series 2022, <br> 5.00% 6/1/2027  | 320 | 331 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Utah (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Telecommunication Open Infrastructure Agcy., Sales Tax and Telecommunications Rev. Ref. Bonds, Series 2022, <br> 5.00% 6/1/2029  | USD130 | $140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Telecommunication Open Infrastructure Agcy., Sales Tax and Telecommunications Rev. Ref. Bonds, Series 2022, <br> 5.00% 6/1/2030  | 305 | 336 |
|  |  | 22946 |
| **Vermont 0.08%** |  |  |
| Housing Fin. Agcy., Multiple Purpose Bonds, Series 2014-A, AMT, 4.00% 11/1/2044  | 50 | 50 |
| Housing Fin. Agcy., Multiple Purpose Bonds, Series 2020-A, 3.75% 11/1/2050  | 175 | 175 |
| Student Assistance Corp., Education Loan Rev. Bonds, Series 2024-A, AMT, 5.25% 6/15/2033  | 700 | 763 |
| Student Assistance Corp., Education Loan Rev. Bonds, Series 2024-A, AMT, 5.25% 6/15/2034  | 700 | 762 |
|  |  | 1750 |
| **Virginia 2.16%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Amelia, Industrial Dev. Auth., Solid Waste Disposal Rev. and Rev. Ref. Bonds (Waste Management, Inc. <br> Project), Series 2002, AMT, 1.45% 4/1/2027  | 575 | 556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Arlington, Industrial Dev. Auth., Multi Family Housing Rev. Bonds (Goodwill Glebe Road Redev.), Series <br> 2025, 2.95% 9/1/2049 (put 9/1/2029)  | 2125 | 2117 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Fairfax, Redev. and Housing Auth., Multi Family Housing Rev. Bonds (Dominion Square North Project), <br> Series 2023, 5.00% 1/1/2045 (put 1/1/2028)  | 1885 | 1942 |
| Hampton Roads Sanitation Dist., Wastewater Rev. Bonds, Series 2025-A, 5.00% 7/15/2026  | 6000 | 6091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hampton Roads, Transportation Accountability Commission, Bond Anticipation Notes (Hampton Roads <br> Transportation Fund), Series 2021-A, 5.00% 7/1/2026 (escrowed to maturity)  | 3400 | 3450 |
| Housing Dev. Auth., Mortgage Bonds, Series 2025-G, 3.125% 7/1/2056 (put 4/1/2027)  | 9385 | 9383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Town of Louisa, Industrial Dev. Auth., Pollution Control Rev. Ref. Bonds (Virginia Electric and Power Co. Project), <br> Series 2008-B, 3.125% 11/1/2035 (put 10/1/2030)  | 4400 | 4416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Lynchburg, Econ. Dev. Auth., Hospital Rev. and Rev. Ref. Bonds (Centra Health Obligated Group), Series <br> 2021, 4.00% 1/1/2027  | 850 | 861 |
| City of Norfolk, GO Capital Improvement Bonds, Series 2019, 5.00% 8/1/2044 (preref. 8/1/2028)  | 1000 | 1063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Norfolk, Redev. and Housing Auth., Multi Family Housing Rev. Bonds (Braywood Manor Apartments), <br> Series 2023, 5.00% 5/1/2043 (put 5/1/2026)  | 2280 | 2300 |
| Port Auth., Commonwealth Port Fund Rev. Bonds, Series 2020-B, AMT, 5.00% 7/1/2028  | 1615 | 1695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Prince William Industrial Dev. Auth., Prince William County Facs. Rev. Bonds (County Facs. Projects), <br> Series 2025-A, 5.00% 10/1/2027  | 2070 | 2162 |
| Rector and Visitors of the University, Rev. and Rev. Ref. Bonds, Series 2017-A, 5.00% 4/1/2039  | 3000 | 3084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Small Business Fncg. Auth., Residential Care Facs. Rev. and Rev. Ref. Bonds (LifeSpire of Virginia), Series 2021, <br> 3.00% 12/1/2025  | 230 | 230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Small Business Fncg. Auth., Residential Care Facs. Rev. and Rev. Ref. Bonds (LifeSpire of Virginia), Series 2021, <br> 3.00% 12/1/2026  | 235 | 233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Small Business Fncg. Auth., Rev. Ref. Bonds (Elizabeth River Crossings Opco, LLC Project), Series 2022, AMT, <br> 4.00% 1/1/2029  | 610 | 619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Small Business Fncg. Auth., Rev. Ref. Bonds (Elizabeth River Crossings Opco, LLC Project), Series 2022, AMT, <br> 4.00% 1/1/2031  | 800 | 818 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Wise, Industrial Dev. Auth., Solid Waste and Sewage Disposal Rev. Bonds (Virginia Electric and Power <br> Co. Project), Series 2009-A, 3.125% 10/1/2040 (put 10/1/2030)  | 7000 | 7025 |
|  |  | 48045 |
| **Washington 1.55%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Central Puget Sound Regional Transit Auth., Sales Tax and Motor Vehicle Excise Tax Improvement and Rev. Ref. <br> Green Bonds, Series 2021-S-1, 5.00% 11/1/2028  | 65 | 70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Central Puget Sound Regional Transit Auth., Sales Tax and Motor Vehicle Excise Tax Rev. Green Bonds, Series <br> 2016-S-1, 5.00% 11/1/2025  | 885 | 885 |
| Energy Northwest, Electric Rev. Ref. Bonds (Columbia Generating Station), Series 2025-A, 5.00% 7/1/2030  | 1250 | 1388 |
| Energy Northwest, Electric Rev. Ref. Bonds (Project No. 1), Series 2025-A, 5.00% 7/1/2028  | 2000 | 2127 |
| Energy Northwest, Electric Rev. Ref. Bonds (Project No. 3), Series 2016-A, 5.00% 7/1/2026  | 1075 | 1092 |

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American Funds Short-Term Tax-Exempt Bond Fund — Page 31 of 38

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Washington (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Commission, Multi Family Housing Rev. Bonds (Camas Flats Apartments Project), Series 2024-B, <br> 5.00% 2/1/2028 (put 2/1/2027)  | USD810 | $829 |
| Housing Fin. Commission, Single Family Program Bonds, Series 2017-1-N, 4.00% 12/1/2047  | 115 | 115 |
| Housing Fin. Commission, Single Family Program Bonds, Series 2018-1-N, 4.00% 12/1/2048  | 835 | 837 |
| Housing Fin. Commission, Single Family Program Bonds, Series 2019-1-N, 4.00% 6/1/2049  | 220 | 221 |
| Housing Fin. Commission, Single Family Program Bonds, Series 2020-1-N, 4.00% 12/1/2050  | 970 | 975 |
| Housing Fin. Commission, Single Family Program Bonds, Series 2021-2-N, 3.00% 6/1/2051  | 585 | 574 |
| Housing Fin. Commission, Single Family Program Rev. Ref. Bonds, Series 2022-1-N, 5.00% 12/1/2052  | 635 | 661 |
| County of King, Sewer Improvement and Rev. Ref. Bonds, Series 2016-B, 5.00% 7/1/2041 (preref. 7/1/2026)  | 2680 | 2719 |
| Northshore School Dist., Unlimited Tax GO Rev. Ref. Bonds, Series 2022, 5.00% 12/1/2029  | 400 | 438 |
| City of Seattle, Housing Auth., Rev. and Rev. Ref. Bonds (Northgate Plaza Project), Series 2021, 1.00% 6/1/2026  | 680 | 668 |
| City of Seattle, Water System Improvement and Rev. Ref. Bonds, Series 2021, 5.00% 8/1/2027  | 595 | 620 |
| Port of Seattle, Rev. Ref. Bonds, Series 2024-B, AMT, 5.00% 7/1/2026  | 3000 | 3039 |
| Port of Seattle, Rev. Ref. Bonds, Series 2016, 5.00% 2/1/2028  | 1000 | 1005 |
| Port of Seattle, Rev. Ref. Bonds, Series 2022-B, AMT, 5.00% 8/1/2029  | 4750 | 5101 |
| City of Tacoma, Electric System Rev. and Rev. Ref. Bonds, Series 2013-A, 4.00% 1/1/2042  | 1810 | 1774 |
| Various Purpose GO Bonds, Series 2023-B, 5.00% 2/1/2037  | 1020 | 1148 |
| Various Purpose GO Bonds, Series 2024-A, 5.00% 8/1/2037  | 730 | 824 |
| Various Purpose GO Rev. Ref. Bonds, Series 2025-R-B, 5.00% 7/1/2030  | 1335 | 1484 |
| Various Purpose GO Rev. Ref. Bonds, Series 2025-R-D, 5.00% 8/1/2032  | 5115 | 5881 |
|  |  | 34475 |
| **West Virginia 0.17%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Econ. Dev. Auth., Solid Waste Disposal Facs. Rev. Ref. Bonds (Kentucky Power Co. - Mitchell Project), Series <br> 2014-A, AMT, 4.70% 4/1/2036 (put 6/17/2026)  | 1485 | 1493 |
| GO State Road Bonds, Series 2021-A, 5.00% 12/1/2025  | 15 | 15 |
| Housing Dev. Fund, Multi Family Housing Rev. Bonds (Five Points), Series 2024, 5.00% 3/1/2027 (put 3/1/2026)  | 2300 | 2313 |
|  |  | 3821 |
| **Wisconsin 1.18%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Germantown School Dist., GO School Building and Improvement Bonds, Series 2017-A, 3.00% 4/1/2030 (preref. <br> 4/1/2027)  | 1395 | 1403 |
| GO Rev. Ref. Bonds, Series 2017-3, 5.00% 11/1/2027  | 1050 | 1088 |
| GO Rev. Ref. Bonds, Series 2020-1, 5.00% 5/1/2030  | 1000 | 1108 |
| GO Rev. Ref. Bonds, Series 2025-3, 5.00% 5/1/2032  | 1500 | 1724 |
| GO Rev. Ref. Bonds, Series 2025-1, 5.00% 5/1/2033  | 155 | 181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health and Educational Facs. Auth., Rev. Bonds (Advocate Aurora Health Care Credit Group), Series 2018-B-2, <br> 5.00% 8/15/2054 (put 6/24/2026)  | 1510 | 1529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health and Educational Facs. Auth., Rev. Bonds (Advocate Aurora Health Care Credit Group), Series 2018-C-3, <br> 5.00% 8/15/2054 (put 6/24/2026)  | 4845 | 4905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health and Educational Facs. Auth., Rev. Bonds (Ascension Health Senior Credit Group), Series 2016-A, 4.00% <br> 11/15/2046 (preref. 5/15/2026)  | 1205 | 1214 |
| Health and Educational Facs. Auth., Rev. Bonds (Gundersen Lutheran), Series 2020, 5.00% 2/15/2026 <sup>(b)</sup>  | 4000 | 4001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing and Econ Dev. Auth., Multi Family Housing Bonds (100 E. National Project), Series 2024-J, 5.00% <br> 8/1/2058 (put 8/1/2026)  | 505 | 511 |
| Housing and Econ. Dev. Auth., Home Ownership Rev. Bonds, Series 2016-A, AMT, 3.50% 3/1/2046  | 40 | 40 |
| Housing and Econ. Dev. Auth., Home Ownership Rev. Bonds, Series 2017-C, 4.00% 3/1/2048  | 90 | 90 |
| Housing and Econ. Dev. Auth., Home Ownership Rev. Bonds, Series 2018-B, 4.00% 3/1/2048  | 305 | 305 |
| Housing and Econ. Dev. Auth., Home Ownership Rev. Bonds, Series 2019-C, 4.00% 3/1/2050  | 555 | 557 |
| Housing and Econ. Dev. Auth., Home Ownership Rev. Bonds, Series 2020-A, 3.50% 9/1/2050  | 1255 | 1249 |
| Housing and Econ. Dev. Auth., Home Ownership Rev. Bonds, Series 2021-A, 3.00% 3/1/2052  | 1325 | 1301 |
| Housing and Econ. Dev. Auth., Home Ownership Rev. Bonds, Series 2021-C, 3.00% 9/1/2052  | 520 | 511 |
| Housing and Econ. Dev. Auth., Home Ownership Rev. Bonds (Social Bonds), Series 2024-C, 6.00% 3/1/2055  | 865 | 946 |
| Housing and Econ. Dev. Auth., Housing Rev. Bonds, Series 2023-E, 3.875% 11/1/2054 (put 5/1/2027)  | 1130 | 1130 |

---

American Funds Short-Term Tax-Exempt Bond Fund — Page 32 of 38

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Wisconsin (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Fin. Auth., Rev. Ref. Bonds (Providence St. Joseph Health Obligated Group), Series 2021-C, 4.00% <br> 10/1/2041 (put 10/1/2030)  | USD140 | $150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Fin. Auth., Solid Waste Disposal Rev. Ref. Bonds (Waste Management, Inc. Project), Series 2016-A-3, AMT, <br> 1.10% 7/1/2029 (put 6/1/2026)  | 2380 | 2340 |
|  |  | 26283 |
| **Wyoming 0.23%** |  |  |
| Community Dev. Auth., Housing Rev. Bonds, Series 2021-1, 3.00% 6/1/2050  | 3045 | 2993 |
| Community Dev. Auth., Housing Rev. Bonds, Series 2021-3, 3.00% 6/1/2050  | 430 | 426 |
| Community Dev. Auth., Housing Rev. Bonds, Series 2020-1, 4.00% 12/1/2050  | 545 | 549 |
| Community Dev. Auth., Housing Rev. Bonds, Series 2023-1, 5.75% 6/1/2053  | 775 | 815 |
| Community Dev. Auth., Housing Rev. Bonds, Series 2024-1, 6.00% 12/1/2054  | 325 | 353 |
|  |  | 5136 |
| **Total bonds, notes & other debt instruments** (cost: $1,987,108,000) |  | 1997065 |
| Short-term securities 11.67%<br> **Municipals 11.67%**<br>|  |  |
| Freddie Mac, Multi Family Mortgage Certs., Series 2019-M-055, 3.43% 12/15/2028 <sup>(a)(b)</sup>  | 1980 | 1980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Alaska, City of Valdez, Marine Terminal Rev. Ref. Bonds (Exxon Pipeline Co. Project), Series 1993-B, 3.90% <br> 12/1/2033 <sup>(a)</sup>  | 3700 | 3700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Alaska, City of Valdez, Marine Terminal Rev. Ref. Bonds (ExxonMobil Project), Series 2001, 3.90% <br>12/1/2029 <sup>(a)</sup>  | 1400 | 1400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Arizona, City of Glendale, Industrial Dev. Auth., Rev. Bonds (Midwestern University), Series 2025, 5.00% <br> 5/15/2026  | 1160 | 1172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Arizona, Industrial Dev. Auth., Hospital Rev. Ref. Bonds (Phoenix Children's Hospital), Series 2019-A, <br> 4.00% 2/1/2048 <sup>(a)</sup>  | 5040 | 5040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Arizona, Industrial Dev. Auth., Hospital Rev. Ref. Bonds (Phoenix Children's Hospital), Series 2019-B, <br> 4.00% 2/1/2048 <sup>(a)</sup>  | 2525 | 2525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Arizona, City of Phoenix, Industrial Dev. Auth., Health Care Facs. Rev. Bonds (Mayo Clinic), Series 2014-B, <br> 3.10% 11/15/2052 <sup>(a)</sup>  | 10500 | 10500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Arizona, City of Phoenix, Industrial Dev. Auth., Solid Waste Disposal Rev. Ref. Bonds (Republic Services, <br> Inc. Project), Series 2013, AMT, 3.45% 12/1/2035 (put 2/2/2026) <sup>(c)</sup>  | 1000 | 1000 |
| State of California, City of Los Angeles, Tax and Rev. Anticipation Notes, Series 2025, 5.00% 6/25/2026  | 10000 | 10168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; District of Columbia, Housing Fin. Agcy., Collateralized Multi Family Housing Rev. Bonds (Paxton Project), Series <br> 2022, 2.95% 9/1/2040 (put 12/1/2025) <sup>(c)</sup>  | 2540 | 2539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Georgia, County of Dekalb, Housing Auth., Multi Family Housing Rev. Bonds (Tranquility at Decatur <br> Project), Series 2025, 3.23% 4/1/2026  | 530 | 530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Hawaii, Dept. of Budget and Fin., Special Purpose Rev. Bonds (The Queen's Health Systems), Series <br> 2025-C, 3.55% 7/1/2051 <sup>(a)</sup>  | 8000 | 8000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Hawaii, Dept. of Budget and Fin., Special Purpose Rev. Bonds (The Queen's Health Systems), Series <br> 2025-B, 3.50% 7/1/2060 <sup>(a)</sup>  | 7200 | 7200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Idaho, Health Facs. Auth., Hospital Rev. Bonds (CHE Trinity Health Credit Group), Series 2013-ID, 2.95% <br> 12/1/2048 (put 2/2/2026) <sup>(c)</sup>  | 3400 | 3400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Illinois, Fin. Auth., Demand Rev. Bonds (University of Chicago Medical Center), Series 2010-A, 3.95% <br>8/1/2044 <sup>(a)</sup>  | 2200 | 2200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Illinois, Fin. Auth., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. Project), Series 2019, AMT, <br> 3.45% 11/1/2044 (put 11/2/2026) <sup>(c)</sup>  | 3125 | 3125 |
| State of Iowa, Fin. Auth., Rev. Bonds (UnityPoint Health), Series 2018-E, 3.40% 2/15/2041 <sup>(a)</sup>  | 2400 | 2400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Louisiana, Parish of East Baton Rouge, Industrial Dev. Board, Gulf Opportunity Zone Rev. Bonds <br> (ExxonMobil Project), Series 2010-B, 3.92% 12/1/2040 <sup>(a)</sup>  | 6800 | 6800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Louisiana, Parish of East Baton Rouge, Pollution Control Rev. Ref. Bonds (ExxonMobil Project), Series <br> 2010-A, 3.92% 8/1/2035 <sup>(a)</sup>  | 3000 | 3000 |

---

American Funds Short-Term Tax-Exempt Bond Fund — Page 33 of 38

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Short-term securities (continued)<br> **Municipals (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Maryland, County of Montgomery, GO Consolidated Public Improvement Bonds, Series 2017-E, 3.70% <br> 11/1/2037 <sup>(a)</sup>  | USD8,200 | $8200 |
| State of Michigan, Regents of the University of Michigan, General Rev. Bonds, Series 2012-B, 3.65% 4/1/2042 <sup>(a)</sup>  | 8600 | 8600 |
| State of Minnesota, GO State Trunk Highway Rev. Ref. Bonds, Series 2025-E, 5.00% 8/1/2026  | 4235 | 4309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Minnesota, City of Rochester, Health Care Facs. Rev. Bonds (Mayo Clinic), Series 2025-C, 2.95% <br> 11/15/2064 <sup>(a)</sup>  | 3250 | 3250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Mississippi, Business Fin. Corp., Gulf Opportunity Zone Industrial Dev. Rev. Bonds (Chevron USA, Inc. <br> Project), Series 2009-D, 3.90% 12/1/2030 <sup>(a)</sup>  | 4300 | 4300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Mississippi, Business Fin. Corp., Gulf Opportunity Zone Industrial Dev. Rev. Bonds (Chevron USA, Inc. <br> Project), Series 2010-J, 3.90% 11/1/2035 <sup>(a)</sup>  | 6200 | 6200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Mississippi, Business Fin. Corp., Port Fac. Rev. Ref. Bonds (Chevron USA, Inc. Project), Series 2023, 3.90% <br> 6/1/2043 <sup>(a)</sup>  | 14200 | 14200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Nevada, City of Las Vegas, Special Improvement Dist. No. 818 (Summerlin Village 27), Local <br> Improvement Bonds, Series 2024, 5.00% 12/1/2025  | 165 | 165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of New Hampshire, Health and Education Facs. Auth., Rev. Bonds (Dartmouth College Issue), Series 2007-B, <br> 3.85% 6/1/2041 <sup>(a)</sup>  | 1945 | 1945 |
| State of New York, New York City GO Bonds, Fiscal 2012, Series 2012-G-6, 4.00% 4/1/2042 <sup>(a)</sup>  | 5500 | 5500 |
| State of New York, New York City GO Bonds, Fiscal 2021, Series 2021-2, 3.90% 4/1/2042 <sup>(a)</sup>  | 195 | 195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of New York, New York City Municipal Water Fin. Auth., Water and Sewer System Second General <br> Resolution Rev. Bonds, Series 2015-BB-1, 3.90% 6/15/2049 <sup>(a)</sup>  | 11400 | 11400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of New York, New York City Municipal Water Fin. Auth., Water and Sewer System Second General <br> Resolution Rev. Bonds, Fiscal 2023, Series 2023-CC, 3.90% 6/15/2053 <sup>(a)</sup>  | 16180 | 16180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of New York, New York City Transitional Fin. Auth., Future Tax Secured Bonds, Fiscal 2015, Series 2015-E-4, <br> 3.90% 2/1/2045 <sup>(a)</sup>  | 7000 | 7000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of New York, New York City Transitional Fin. Auth., Future Tax Secured Bonds, Fiscal 2025, Series 2025-H-3, <br> 3.90% 11/1/2054 <sup>(a)</sup>  | 2800 | 2800 |
| State of New York, Triborough Bridge and Tunnel Auth., General Rev. Bonds, Series 2001-C, 3.90% 1/1/2032 <sup>(a)</sup>  | 2305 | 2305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of New York, Triborough Bridge and Tunnel Auth., General Rev. Ref. Bonds, Series 2005-B-3, 3.90% <br>1/1/2035 <sup>(a)</sup>  | 12200 | 12200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Ohio, Solid Waste Rev. Ref. Bonds (Republic Services, Inc. Project), Series 2010, 3.45% 11/1/2035 (put <br> 12/1/2025) <sup>(c)</sup>  | 7265 | 7262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Pennsylvania, Econ. Dev. Fncg. Auth., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. Project), <br> Series 2019-A, AMT, 3.875% 8/1/2038 (put 8/3/2026) <sup>(c)</sup>  | 10000 | 10017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Pennsylvania, Econ. Dev. Fncg. Auth., Solid Waste Disposal Rev. Ref. Bonds (Republic Services, Inc. <br> Project), Series 2019-A, AMT, 3.45% 4/1/2034 (put 1/15/2026) <sup>(c)</sup>  | 2425 | 2425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of South Carolina, Public Service Auth., Rev. Ref. Obligations (Santee Cooper), Series 2025-B, 5.00% 12/1/<br> 2025  | 6250 | 6259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Texas, County of Collin, Limited Tax Permanent Improvement and Rev. Ref. Bonds, Series 2025, 5.00% <br>2/15/2026  | 1380 | 1389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Texas, Georgetown Independent School Dist., Unlimited Tax School Building and Rev. Ref. Bonds, Series <br> 2025, 5.00% 2/15/2026  | 380 | 382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Texas, Grapevine-Colleyville Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2025, 5.00% <br> 8/15/2026  | 4615 | 4697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Texas, Gulf Coast Waste Disposal Auth., Environmental Facs. Rev. Bonds (Exxon Project), Series 2002, <br> AMT, 3.98% 12/1/2025 <sup>(a)</sup>  | 2760 | 2760 |
| State of Texas, City of Houston, Combined Utility System Rev. Ref. Bonds, Series 2012-B, 3.27% 5/15/2034 <sup>(a)</sup>  | 10000 | 10000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Texas, Marble Falls Independent School Dist., Unlimited Tax School Building Bonds, Series 2025, 5.00% <br> 2/15/2026  | 1700 | 1711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Texas, Mesquite Independent School Dist., Unlimited Tax Building Rev. Ref. Bonds, Series 2025, 5.00% 8/<br> 15/2026  | 565 | 575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Texas, San Antonio Independent School Dist., Unlimited Tax School Building Bonds, Series 2025, 5.00% <br> 8/15/2026  | 3845 | 3913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Texas, Sherman Independent School Dist., Unlimited Tax School Building Bonds, Series 2025, 5.00% <br>2/15/2026  | 2210 | 2224 |

---

American Funds Short-Term Tax-Exempt Bond Fund — Page 34 of 38

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Short-term securities (continued)<br> **Municipals (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Texas, Spring Independent School Dist., Unlimited Tax School Building and Rev. Ref. Bonds, Series 2025, <br> 5.00% 8/15/2026  | USD1,165 | $1186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Texas, Travis County Strategic Housing Fin. Corp., Multi Family Housing Rev. Bonds (Yager Flats), Series <br> 2021, 3.50% 9/1/2041 (put 2/1/2026) <sup>(c)</sup>  | 12100 | 12107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Virginia, College Building Auth., Educational Facs. Rev. Bonds (University of Richmond Project), Series <br> 2006, 3.85% 11/1/2036 <sup>(a)</sup>  | 5300 | 5300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Wyoming, County of Lincoln, Pollution Control Rev. Ref. Bonds (ExxonMobil Project), Series 2014, 3.92% <br> 10/1/2044 <sup>(a)</sup>  | 2200 | 2200 |
|  |  | 259835 |
| **Total short-term securities** (cost: $259,789,000) |  | 259835 |
| **Total investment securities 101.36%** (cost: $2,246,897,000) |  | 2256900 |
| **Other assets less liabilities (1.36%)** |  | (30285)<br>|
| **Net assets 100.00%** |  | $2226615 |

---

Futures contracts

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 10/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 2 Year U.S. Treasury Note Futures | Long | 783 | 1/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD163,054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(273)<br>|
| 10 Year Ultra U.S. Treasury Note Futures | Short | 482 | 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (55664)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (299)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(572)<br>|

---

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

<sup>(a)</sup> Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. For short-term securities, the date of the next scheduled coupon rate change is considered to be the maturity date. 

<sup>(b)</sup> Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $29,153,000, which represented 1.31% of the net assets of the fund. 

<sup>(c)</sup> For short-term securities, the mandatory put date is considered to be the maturity date.

American Funds Short-Term Tax-Exempt Bond Fund — Page 35 of 38

------

**unaudited**

Valuation disclosures

------

Capital Research and Management Company ("CRMC"), the fund's investment adviser, values the fund's investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers.

**Methods and inputs** — The fund's investment adviser uses the following methods and inputs to establish the fair value of the fund's assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.

Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the following inputs: benchmark yields, transactions, bids, offers, quotations from dealers and trading systems, new issues, spreads, interest rate volatilities, and other relationships observed in the markets among comparable securities; and proprietary pricing models such as yield measures calculated using factors such as cash flows, financial or collateral performance and other reference data. For certain distressed securities, valuation may include cash flows or liquidation values using a net present value calculation based on inputs that include, but are not limited to, financial statements and debt contracts.

Exchange-traded futures are generally valued at the official settlement price on the exchange or market on which such instruments are traded, as of the close of business on the day the futures are being valued. The average month-end notional amount of futures contracts while held was $109,421,000.

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund's investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund's investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

**Processes and structure** — The fund's board of trustees has designated the fund's investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the "Committee") to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser's valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser's global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund's board and audit committee also regularly review reports that describe fair value determinations and methods.

American Funds Short-Term Tax-Exempt Bond Fund — Page 36 of 38

------

**unaudited**

**Classifications** — The fund's investment adviser classifies the fund's assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser's determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The fund's valuation levels as of October 31, 2025, were as follows (dollars in thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Investment securities | Investment securities | Investment securities | Investment securities |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, notes & other debt instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas | $— | $248150 | $— | $248150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York |  | 220528 |  | 220528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California |  | 214977 |  | 214977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois |  | 76639 |  | 76639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pennsylvania |  | 74138 |  | 74138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida |  | 69997 |  | 69997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alabama |  | 68863 |  | 68863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado |  | 67199 |  | 67199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Carolina |  | 62318 |  | 62318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey |  | 61795 |  | 61795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other |  | 832461 |  | 832461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term securities  |  | 259835 |  | 259835 |
| Total | $— | $2256900 | $— | $2256900 |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Other investments\* | Other investments\* | Other investments\* | Other investments\* |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Liabilities:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on futures contracts | $(572)<br>| $— | $— | $(572)<br>|
| Total  | $(572)<br>| $— | $— | $(572)<br>|

---

\*

Futures contracts are not included in the fund's investment portfolio.

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

---

| |
|:---|
| **Key to abbreviation(s)** |
| Agcy. = Agency |
| AGI = Assured Guaranty insured |
| AMBAC = American Municipal Bond Assurance Company insured |
| AMT = Alternative Minimum Tax |
| Assn. = Association |
| Auth. = Authority |
| BAM = Build America Mutual insured |
| CAB = Capital Appreciation Bonds |
| Certs. = Certificates |
| Dept. = Department |
| Dev. = Development |
| Dist. = District |
| Dists. = Districts |
| Econ. = Economic |

---

---

| |
|:---|
| Fac. = Facility |
| Facs. = Facilities |
| FHA = Federal Housing Administration insured |
| Fin. = Finance |
| Fncg. = Financing |
| GO = General Obligation |
| NATL = National Public Finance Guarantee Corp. insured |
| Preref. = Prerefunded |
| Redev. = Redevelopment |
| Ref. = Refunding |
| Rev. = Revenue |
| SIFMA = Securities Industry and Financial Markets Association |
| SOFR = Secured Overnight Financing Rate |
| USD = U.S. dollars |

---

American Funds Short-Term Tax-Exempt Bond Fund — Page 37 of 38

------

**unaudited**

**Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.**

**Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.**

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Capital Client Group, Inc., member FINRA.© 2025 Capital Group. All rights reserved.

MFGEFP1-039-1225

American Funds Short-Term Tax-Exempt Bond Fund — Page 38 of 38

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** American Funds Short-Term Tax-Exempt Bond Fund

- **b. Investment Company Act file number:** 811-05750

- **c. CIK number of Registrant:** 0000845376

- **d. LEI of Registrant:** 160311U2LZZUCOQYQK91

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

  - **Street Address 1:** 333 South Hope Street

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071-1406

  - **Telephone number:** 9499755000

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

- **a. Name of Series:** American Funds Short-Term Tax-Exempt Bond Fund

- **b. EDGAR series identifier (if any):** S000009233

- **c. LEI of Series:** 160311U2LZZUCOQYQK91

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2281141828.32

**Total Liabilities:** $59842807.93

**Net Assets:** $2221299020.39

**Cash Not Reported:** $3579118.88

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -10385.650000000000 | **1-Year:** -145071.860000000000 | **5-Year:** -320132.850000000000 | **10-Year:** -220510.630000000000 | **30-Year:** -59925.950000000000

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

- **3-Month:** -337.157855500000 | **1-Year:** -1313.790000000000 | **5-Year:** -1540.260000000000 | **10-Year:** -167.893647600000 | **30-Year:** -41.537307700000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000025125 | 0.53%                | 0.53%                | 0.13%                |
| Class ID C000079135 | 0.52%                | 0.52%                | 0.12%                |
| Class ID C000079136 | 0.54%                | 0.54%                | 0.14%                |
| Class ID C000179995 | 0.55%                | 0.54%                | 0.15%                |
| Class ID C000186457 | 0.55%                | 0.55%                | 0.15%                |
| Class ID C000189424 | 0.55%                | 0.54%                | 0.14%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $597013.85               | $7593801.31                                |
| Month 2  | $1906841.53              | $3809690.68                                |
| Month 3  | $952680.83               | $-3865671.55                               |

**Designated Index Information**

- **Index Name:** Bloomberg Municipal Short 1-5 Years Index

- **Index Identifier:** I22080US

### Schedule of Portfolio Investments

| Name                                                                             | Title                                                                                                | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NORTH DAKOTA ST HSG FIN AGY                                                      | NORTH DAKOTA HOUSING FINANCE AGENCY 2.4% 01-01-26                                                    | CUSIP: 658909KN5<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997359.00    | 0.04%             | 2026-01-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP                                                   | NEW YORK CITY HOUSING DEVELOPMENT CORP (MPT) 3.8% 11-01-63                                           | CUSIP: 64972KBF1<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1850958.99   | 0.08%             | 2063-11-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| SONYMA HOMEOWNER MTG REV                                                         | STATE OF NEW YORK MORTGAGE AGENCY HOMEOWNER MORTGAGE REVENUE 1.95% 04-01-27                          | CUSIP: 64988YDJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1713257.00   | 0.08%             | 2027-04-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY                                                       | NORTH CAROLINA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 6.25% 01-01-55                                 | CUSIP: 6582076L4<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    975000 | PA      | $1056724.50   | 0.05%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA MED CARE COMMN                                                    | UNITED METHODIST RETIREMENT HOMES INC OBLIGATED GROUP 3.75% 10-01-28                                 | CUSIP: 65820YTA4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |     80000 | PA      | $80026.48     | 0.00%             | 2028-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                                                      | NORTH DAKOTA HOUSING FINANCE AGENCY 6.0% 07-01-54                                                    | CUSIP: 6589096S0<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    440000 | PA      | $475296.36    | 0.02%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DORMITORY AUTHORITY OF STATE OF NEW YORK                                         | STATE OF NEW YORK PERSONAL INCOME TAX REVENUE 5.0% 03-15-31                                          | CUSIP: 64990F6A7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1685560.50   | 0.08%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY                                                       | NORTH CAROLINA HOUSING FINANCE AGENCY (MPT) 5.0% 04-01-29                                            | CUSIP: 65821BAM7<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046840.00   | 0.05%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTG FIN AGY                                                  | NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY 6.0% 10-01-55                                           | CUSIP: 64613AJP8<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    515000 | PA      | $554987.69    | 0.02%             | 2055-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HIGHER ED ASSISTANCE AUTH                                          | NEW JERSEY HIGHER EDUCATION STUDENT ASSISTANCE AUTHORITY 4.25% 12-01-45                              | CUSIP: 646080YB1<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    465000 | PA      | $462749.87    | 0.02%             | 2045-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HIGHER ED ASSISTANCE AUTH                                          | NEW JERSEY HIGHER EDUCATION STUDENT ASSISTANCE AUTHORITY 5.0% 12-01-27                               | CUSIP: 646080XM8<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1315246.65   | 0.06%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HIGHER ED ASSISTANCE AUTH                                          | NEW JERSEY HIGHER EDUCATION STUDENT ASSISTANCE AUTHORITY 5.0% 12-01-27                               | CUSIP: 646080XU0<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   2440000 | PA      | $2517021.04   | 0.11%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTH FUTURE TAX SEC REV                       | NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE 5.0% 05-01-28                | CUSIP: 64972JHK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1985000 | PA      | $2101872.83   | 0.09%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH EAST INDPT SCH DIST TEX                                                    | NORTH EAST INDEPENDENT SCHOOL DISTRICT PSF-GTD (MPT) 3.75% 08-01-49                                  | CUSIP: 659155QL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $961253.70    | 0.04%             | 2049-08-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY                                                       | NORTH CAROLINA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 6.25% 01-01-55                                 | CUSIP: 6582077Q2<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    870000 | PA      | $970383.21    | 0.04%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                                                      | NORTH DAKOTA HOUSING FINANCE AGENCY 6.25% 01-01-55                                                   | CUSIP: 6589098C3<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   2575000 | PA      | $2874374.65   | 0.13%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP                                                   | NEW YORK CITY HOUSING DEVELOPMENT CORP HUD SECT 8 (MPT) 3.7% 05-01-64                                | CUSIP: 64972KDQ5<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   4185000 | PA      | $4235266.04   | 0.19%             | 2064-05-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| NORTH NATOMAS CMNTY FACS DIST CALIF                                              | CITY OF SACRAMENTO CA NORTH NATOMAS COMMUNITY FACILITIES DISTRICT NO 4 AG 5.0% 09-01-28              | CUSIP: 661253CM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1598409.00   | 0.07%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HOUSING & ECONOMIC DEVELOPMENT AUTHORITY HOME OWNERSHIP REVENUE        | WISCONSIN HOUSING & ECONOMIC DEVELOPMENT AUTHORITY HOME OWNERSHIP REVENUE GNMA/FHLMC/FNMA COLL 3.0%  | CUSIP: 97689QQG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $510854.24    | 0.02%             | 2052-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA (STATE OF)                                                         | STATE OF WEST VIRGINIA 5.0% 12-01-25                                                                 | CUSIP: 956553K59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15025.47     | 0.00%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON STATE HOUSING FINANCE COMMISSION                                      | WASHINGTON STATE HOUSING FINANCE COMMISSION GNMA/FNMA/FHLMC 5.0% 12-01-52                            | CUSIP: 93978T3C1<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    635000 | PA      | $661075.64    | 0.03%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORITY                              | ASCENSION HEALTH CREDIT GROUP 4.0% 11-15-46                                                          | CUSIP: 97712JMC4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1213553.09   | 0.05%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTH FUTURE TAX SEC REV                       | NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE 5.0% 11-01-28                | CUSIP: 64972JJK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4604070.20   | 0.21%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTH FUTURE TAX SEC REV                       | NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE 5.0% 11-01-30                | CUSIP: 64972JJM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1669468.50   | 0.08%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                                      | OHIO HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC COLL 4.5% 03-01-47                                       | CUSIP: 67756QUZ8<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    105000 | PA      | $105319.83    | 0.00%             | 2047-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| OREGON ST HSG & CMNTY SVCS DEPT                                                  | STATE OF OREGON HOUSING & COMMUNITY SERVICES DEPARTMENT 4.0% 07-01-47                                | CUSIP: 686087VE4<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |    640000 | PA      | $640382.08    | 0.03%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                                      | OHIO HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 4.0% 03-01-48                                            | CUSIP: 67756QWH6<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    880000 | PA      | $881181.84    | 0.04%             | 2048-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WALNUT VALLEY CALIF UNI SCH DIST                                                 | WALNUT VALLEY UNIFIED SCHOOL DISTRICT 0.0% 08-01-31                                                  | CUSIP: 932889TU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $832910.53    | 0.04%             | 2031-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORITY                              | ADVOCATE AURORA HEALTH OBLIGATED GROUP (MPT) 5.0% 08-15-54                                           | CUSIP: 97712JGW7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1528760.24   | 0.07%             | 2054-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORITY                              | ADVOCATE AURORA HEALTH OBLIGATED GROUP (MPT) 5.0% 08-15-54                                           | CUSIP: 97712JGV9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   4845000 | PA      | $4905194.28   | 0.22%             | 2054-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WYOMING COMMUNITY DEVELOPMENT AUTHORITY                                          | WYOMING COMMUNITY DEVELOPMENT AUTHORITY 5.75% 06-01-53                                               | CUSIP: 98322QE78<br>LEI: 549300UQ62NB8FGTHW65 | Long             | DBT              | MUN               | US        |    775000 | PA      | $815391.45    | 0.04%             | 2053-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WASHINGTON (STATE OF)                                                            | STATE OF WASHINGTON 5.0% 02-01-37                                                                    | CUSIP: 93974EYW0<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1147495.92   | 0.05%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WHITING IND                                                                      | BP PRODUCTS NORTH AMERICA INC (MPT) 4.4% 11-01-45                                                    | CUSIP: 96634RAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4231680.00   | 0.19%             | 2045-11-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| WHITING IND                                                                      | BP PRODUCTS NORTH AMERICA INC (MPT) 4.4% 03-01-46                                                    | CUSIP: 96634RAX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057920.00   | 0.05%             | 2046-03-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST ECONOMIC DEV AUTH                                               | KENTUCKY POWER CO (MPT) 4.7% 04-01-36                                                                | CUSIP: 95648VBP3<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1493133.35   | 0.07%             | 2036-04-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| WASHINGTON (STATE OF)                                                            | STATE OF WASHINGTON 5.0% 08-01-37                                                                    | CUSIP: 93974EG91<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    730000 | PA      | $823767.04    | 0.04%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HOUSING & ECONOMIC DEVELOPMENT AUTHORITY HOUSING REVENUE               | WISCONSIN HOUSING & ECONOMIC DEVELOPMENT AUTHORITY HOUSING REVENUE HUD SECT 8 (MPT) 3.875% 11-01-54  | CUSIP: 9769044P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1130444.09   | 0.05%             | 2054-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WILLIAMSON CNTY TENN INDL DEV BRD                                                | ECG WOOD DUCK LP HUD SECT 8 (MPT) 5.0% 05-01-42                                                      | CUSIP: 969878AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4070000 | PA      | $4144757.76   | 0.19%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN (STATE OF)                                                             | STATE OF WISCONSIN 5.0% 05-01-33                                                                     | CUSIP: 97705MK53<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    155000 | PA      | $180701.02    | 0.01%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WYOMING COMMUNITY DEVELOPMENT AUTHORITY                                          | WYOMING COMMUNITY DEVELOPMENT AUTHORITY 6.0% 12-01-54                                                | CUSIP: 98322QM46<br>LEI: 549300UQ62NB8FGTHW65 | Long             | DBT              | MUN               | US        |    325000 | PA      | $352697.15    | 0.02%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON STATE HOUSING FINANCE COMMISSION                                      | CAMAS FLATS OAK HARBOR 1 LLLP (MPT) 5.0% 02-01-28/27                                                 | CUSIP: 93978PPV3<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    810000 | PA      | $828783.90    | 0.04%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HOUSING & ECONOMIC DEV AUTH                                            | EAST NATIONAL LLC (MPT) 5.0% 08-01-58                                                                | CUSIP: 97689RFG4<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |    505000 | PA      | $511095.35    | 0.02%             | 2058-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HSG DEV FD                                                      | FIVE POINTS LLC (MPT) 5.0% 03-01-27                                                                  | CUSIP: 956629AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2313321.60   | 0.10%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HOUSING & ECONOMIC DEVELOPMENT AUTHORITY HOME OWNERSHIP REVENUE        | WI ST HSG & ECON SFM AMT PAC 16A SF 3.5% 03-01-46                                                    | CUSIP: 97689QDD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $39916.96     | 0.00%             | 2046-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| WASHINGTON (STATE OF)                                                            | STATE OF WASHINGTON 5.0% 07-01-30                                                                    | CUSIP: 93974E5F9<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1484345.12   | 0.07%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MICH ARPT AUTH                                                        | DETROIT METROPOLITAN WAYNE COUNTY AIRPORT AG 5.0% 12-01-30                                           | CUSIP: 944514J41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1585182.05   | 0.07%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HOUSING & ECONOMIC DEVELOPMENT AUTHORITY HOME OWNERSHIP REVENUE        | WISCONSIN HOUSING & ECONOMIC DEVELOPMENT AUTHORITY HOME OWNERSHIP REVENUE GNMA/FNMA/FHLMC 6.0% 03-01 | CUSIP: 97689QWD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $946106.73    | 0.04%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH                                                  | KENTUCKY PUBLIC ENERGY AUTHORITY (MPT) 5.25% 04-01-54                                                | CUSIP: 74440DEC4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1781689.00   | 0.08%             | 2054-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KENTUCKY HSG CORP                                                                | KENTUCKY HOUSING CORP GNMA/FNMA/FHLMC 6.25% 07-01-54                                                 | CUSIP: 491309ES5<br>LEI: 549300NTBUU903EKQ287 | Long             | DBT              | MUN               | US        |    530000 | PA      | $588425.08    | 0.03%             | 2054-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KENTUCKY HSG CORP                                                                | KENTUCKY HOUSING CORP GNMA/FNMA/FHLMC 6.25% 01-01-55                                                 | CUSIP: 491309JC5<br>LEI: 549300NTBUU903EKQ287 | Long             | DBT              | MUN               | US        |    305000 | PA      | $332981.01    | 0.01%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH                                                  | KENTUCKY PUBLIC ENERGY AUTHORITY 5.0% 02-01-29                                                       | CUSIP: 74440DEU4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    625000 | PA      | $655125.63    | 0.03%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH                                                  | KENTUCKY PUBLIC ENERGY AUTHORITY 5.0% 02-01-30                                                       | CUSIP: 74440DEW0<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    525000 | PA      | $556936.80    | 0.03%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH                                                  | KENTUCKY PUBLIC ENERGY AUTHORITY (MPT) 5.0% 01-01-55                                                 | CUSIP: 74440DFC3<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   8015000 | PA      | $8711230.99   | 0.39%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO AREA TRANSN AUTH                                                  | MABION LLC (MPT) 3.05% 10-01-45                                                                      | CUSIP: 484883AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4215000 | PA      | $4218452.09   | 0.19%             | 2045-10-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY HSG CORP                                                                | KENTUCKY HOUSING CORP (MPT) 3.5% 07-01-28                                                            | CUSIP: 49131CAD4<br>LEI: 549300NTBUU903EKQ287 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3018222.00   | 0.14%             | 2028-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH                                                  | KENTUCKY PUBLIC ENERGY AUTHORITY (MPT) 5.25% 06-01-55                                                | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   9355000 | PA      | $10002917.95  | 0.45%             | 2055-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KENTUCKY HIGHER ED STUDENT LN CORP                                               | KENTUCKY HIGHER EDUCATION STUDENT LOAN CORP 4.75% 06-01-40                                           | CUSIP: 49130NHK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1970000 | PA      | $2034119.56   | 0.09%             | 2040-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KENTUCKY HIGHER ED STUDENT LN CORP                                               | KENTUCKY HIGHER EDUCATION STUDENT LOAN CORP 5.0% 06-01-32                                            | CUSIP: 49130NHF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1623903.75   | 0.07%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KATY TEX INDPT SCH DIST                                                          | KATY INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-28                                               | CUSIP: 486063Y46<br>LEI: 254900H9QSKVP2HWVL72 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2105880.00   | 0.09%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KRUM INDEPENDENT SCHOOL DISTRICT                                                 | KRUM INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 08-15-34                                               | CUSIP: 501098UW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1166323.00   | 0.05%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS STATE DEVELOPMENT FINANCE AUTHORITY                                       | 3100 MICHIGAN APARTMENTS LP (MPT) 2.95% 09-01-59                                                     | CUSIP: 48542TBN9<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |   2060000 | PA      | $2046949.90   | 0.09%             | 2059-09-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| KING CNTY WASH SWR REV                                                           | COUNTY OF KING WA SEWER REVENUE 5.0% 07-01-41                                                        | CUSIP: 4952894R8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2680000 | PA      | $2718935.04   | 0.12%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF UNIFIED SCHOOL DIST                                          | SAN FRANCISCO UNIFIED SCHOOL DISTRICT 5.0% 06-15-27                                                  | CUSIP: 79771TPN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1225065.58   | 0.06%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA HSG DEV AUTH                                                        | SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY 5.0% 05-01-53                                             | CUSIP: 83756CW27<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1779137.40   | 0.08%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY AL                                                    | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT (MPT) 5.0% 05-01-53                                | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3065000 | PA      | $3191529.33   | 0.14%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CALIF CITY UNI SCH DIST                                               | SACRAMENTO CITY UNIFIED SCHOOL DISTRICT BAM 5.0% 07-01-27                                            | CUSIP: 785870F68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $712732.91    | 0.03%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST HSG FIN & DEV AUTH                                             | SOUTH CAROLINA STATE HOUSING FINANCE & DEVELOPMENT AUTHORITY 5.0% 01-01-52                           | CUSIP: 83712DY91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2795000 | PA      | $2907289.13   | 0.13%             | 2052-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN JACINTO TEX CMNTY COLLEGE DIST                                               | SAN JACINTO COMMUNITY COLLEGE DISTRICT 5.0% 02-15-26                                                 | CUSIP: 798025LZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005458.00   | 0.05%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DEV AUTH                                             | INTERNATIONAL PAPER CO (MPT) 4.0% 04-01-33                                                           | CUSIP: 83703DAA5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1837781.16   | 0.08%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN WSTEWTR REV                      | SAN FRANCISCO CITY & COUNTY PUBLIC UTILITIES COMMISSION WASTEWATER REVENUE (MPT) 4.0% 10-01-48       | CUSIP: 79768HGV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1588751.72   | 0.07%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO SALES TAX SECURITIZATION CORPORATION                                     | SALES TAX SECURITIZATION CORP 5.0% 01-01-29                                                          | CUSIP: 79467BGQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1930000 | PA      | $2060039.54   | 0.09%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST TEX INDPT SCH DIST                                                     | SOUTHWEST INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-01-27                                          | CUSIP: 845267B77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $884734.46    | 0.04%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF SALT LAKE CITY UT AIRPORT REVENUE                                        | CITY OF SALT LAKE CITY UT AIRPORT REVENUE 5.0% 07-01-27                                              | CUSIP: 795576LJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $856062.00    | 0.04%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN MARCOS TEX CONS INDPT SCH DIST                                               | SAN MARCOS CONSOLIDATED INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 08-15-26                            | CUSIP: 798781F54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1770858.90   | 0.08%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA HSG DEV AUTH                                                        | SD HDA SFM PAC (100-400) PSA 15D SF 4.0% 11-01-45                                                    | CUSIP: 83756CLL7<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5002.67      | 0.00%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO REG AIRPORT                                                            | SAN DIEGO COUNTY REGIONAL AIRPORT AUTHORITY 5.0% 07-01-28                                            | CUSIP: 79739GQT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1655714.15   | 0.07%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CALIF HSG AUTH                                                         | BERNARDO FAMILY HOUSING LP (MPT) 5.0% 05-01-57                                                       | CUSIP: 79728FLH2<br>LEI: 549300X9H1ODNOOT1Q87 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014779.00   | 0.05%             | 2057-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN JOSE CALIF                                                                   | ALLIED 1510 PARKMOOR LP HUD SECT 8 (MPT) 5.0% 06-01-27                                               | CUSIP: 798165LF1<br>LEI: 549300QHIHSH68W22O38 | Long             | DBT              | MUN               | US        |    260000 | PA      | $262732.60    | 0.01%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST HSG FIN & DEV AUTH                                             | SOUTH CAROLINA STATE HOUSING FINANCE & DEVELOPMENT AUTHORITY GNMA/FNMA/FHLMC FHA INS 4.0% 07-01-36   | CUSIP: 83712DVG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $45048.20     | 0.00%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STOCKTON CALIF UNI SCH DIST                                                      | STOCKTON UNIFIED SCHOOL DISTRICT AG 5.0% 08-01-27                                                    | CUSIP: 861419B40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $836880.00    | 0.04%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA HSG DEV AUTH                                                        | SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY GNMA/FNMA/FHLMC 6.25% 05-01-55                            | CUSIP: 83756LAC9<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   5310000 | PA      | $5780110.23   | 0.26%             | 2055-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY                                       | CITY OF ANAHEIM CA ELECTRIC SYSTEM REVENUE (MPT) 5.0% 04-01-55                                       | CUSIP: 84247PND9<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    500000 | PA      | $540603.50    | 0.02%             | 2055-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TEX ELECTRIC & GAS                                                   | CITY OF SAN ANTONIO TX ELECTRIC & GAS SYSTEMS REVENUE 5.0% 02-01-29                                  | CUSIP: 79625GJW4<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    200000 | PA      | $214794.60    | 0.01%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TEX ELECTRIC & GAS                                                   | CITY OF SAN ANTONIO TX ELECTRIC & GAS SYSTEMS REVENUE 5.0% 02-01-28                                  | CUSIP: 79625GJV6<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    550000 | PA      | $578494.40    | 0.03%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CALIF UNI SCH DIST                                                     | SAN DIEGO UNIFIED SCHOOL DISTRICT 0.0% 07-01-30                                                      | CUSIP: 797356MA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1582999.20   | 0.07%             | 2030-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SPRING TEX INDPT SCH DIST                                                        | SPRING INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 08-15-29                                             | CUSIP: 850001BE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $456687.00    | 0.02%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA HSG DEV AUTH                                                        | SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY GNMA/FNMA/FHLMC 6.25% 11-01-55                            | CUSIP: 83756LBH7<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2262507.06   | 0.10%             | 2055-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST HSG FIN & DEV AUTH                                             | 573 MEETING STREET ASSOCIATES LLC HUD SECT 8 (MPT) 3.0% 04-01-43                                     | CUSIP: 83712EHU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999756.00    | 0.05%             | 2043-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SELMA INDUSTRIAL DEVELOPMENT BOARD                                               | INTERNATIONAL PAPER CO (MPT) 3.45% 11-01-33                                                          | CUSIP: 81647PAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $308545.63    | 0.01%             | 2033-11-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| SAVANNAH GA ECONOMIC DEV AUTH                                                    | INTERNATIONAL PAPER CO (MPT) 3.45% 11-01-33                                                          | CUSIP: 80483CRH6<br>LEI: 549300Q7LO1N6BCXOD30 | Long             | DBT              | MUN               | US        |    925000 | PA      | $935753.13    | 0.04%             | 2033-11-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST HSG FIN & DEV AUTH                                             | SOUTH CAROLINA STATE HOUSING FINANCE & DEVELOPMENT AUTHORITY GNMA/FNMA/FHLMC 6.5% 07-01-55           | CUSIP: 83712D7Q3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $5344576.80   | 0.24%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA HSG DEV AUTH                                                        | SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY GNMA/FNMA/FHLMC 6.5% 11-01-55                             | CUSIP: 83756LBS3<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1749804.83   | 0.08%             | 2055-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY AL                                                    | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT (MPT) 5.25% 03-01-55                               | CUSIP: 84136HBT9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   5005000 | PA      | $5393793.41   | 0.24%             | 2055-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY AL                                                    | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT (MPT) 5.0% 05-01-55                                | CUSIP: 84136HCF8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  10075000 | PA      | $10849696.98  | 0.49%             | 2055-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA PUBLIC SERVICE AUTHORITY                                          | SOUTH CAROLINA PUBLIC SERVICE AUTHORITY 5.0% 12-01-25                                                | CUSIP: 8371515W5<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6259468.75   | 0.28%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA PUBLIC SERVICE AUTHORITY                                          | SOUTH CAROLINA PUBLIC SERVICE AUTHORITY 5.0% 12-01-28                                                | CUSIP: 8371515Z8<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1293834.85   | 0.06%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST HSG FIN & DEV AUTH                                             | DGA POPLAR SQUARE LP (MPT) 5.0% 04-01-28                                                             | CUSIP: 83712EHV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1154774.25   | 0.05%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF ST LOUIS MISSOURI/THE            | NNS CNI BREWERY APARTMENTS LP (MPT) 3.15% 04-01-46                                                   | CUSIP: 791900FX6<br>LEI: 549300WTUL8KX1FOUZ40 | Long             | DBT              | MUN               | US        |    620000 | PA      | $620516.46    | 0.03%             | 2046-04-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| SUMMIT COUNTY DEVELOPMENT FINANCE AUTHORITY                                      | WINTERGREEN LEDGES APARTMENTS LLC (MPT) 5.0% 04-01-28                                                | CUSIP: 86607MAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3780000 | PA      | $3876129.18   | 0.17%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AIRPORT COMMISSION OF THE CITY AND COUNTY OF SAN FRANCISCO                       | SAN FRANCISCO CITY & COUNTY AIRPORT COMM-SAN FRANCISCO INTERNATIONAL AIRPORT 5.0% 05-01-29           | CUSIP: 79766DXF1<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2140032.00   | 0.10%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY                                       | CITY OF ANAHEIM CA ELECTRIC SYSTEM REVENUE (MPT) 3.7% 07-01-40                                       | CUSIP: 842475R80<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   7800000 | PA      | $7810288.20   | 0.35%             | 2040-07-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO MUNICIPAL UTILITY DISTRICT                                            | SACRAMENTO MUNICIPAL UTILITY DISTRICT (MPT) 5.0% 08-15-55                                            | CUSIP: 786005N79<br>LEI: E3GSVR6ZOU1MX2V7HF33 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1143983.16   | 0.05%             | 2055-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY AL                                                    | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT (MPT) 5.25% 11-01-55                               | CUSIP: 84136JAL3<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1266306.30   | 0.06%             | 2055-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SPRING TEX INDPT SCH DIST                                                        | SPRING INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 08-15-26                                             | CUSIP: 850001BM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1185752.15   | 0.05%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TEX INDPT SCH DIST                                                   | SAN ANTONIO INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 08-15-26                                        | CUSIP: 796269N38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3845000 | PA      | $3912587.41   | 0.18%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHERMAN TEX INDPT SCH DIST                                                       | SHERMAN INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-26                                            | CUSIP: 824178D79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2210000 | PA      | $2223894.27   | 0.10%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA HSG DEV AUTH                                                        | SD HDA SFM PAC (100-400) PSA 16D SF 3.5% 11-01-46                                                    | CUSIP: 83756CPQ2<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    265000 | PA      | $264498.62    | 0.01%             | 2046-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF VIRGINIA                                                           | UNIVERSITY OF VIRGINIA 5.0% 04-01-39                                                                 | CUSIP: 915217WN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3084036.00   | 0.14%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FINANCING AUTHORITY                                   | LIFESPIRE OF VIRGINIA OBLIGATED GROUP 3.0% 12-01-25                                                  | CUSIP: 928103AN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $229847.97    | 0.01%             | 2025-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FINANCING AUTHORITY                                   | ELIZABETH RIVER CROSSINGS OPCO LLC 4.0% 01-01-31                                                     | CUSIP: 928104NJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $818051.20    | 0.04%             | 2031-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA PORT AUTH COMWLTH PORT FD                                               | COMMONWEALTH OF VIRGINIA 5.0% 07-01-28                                                               | CUSIP: 928075JS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1695121.77   | 0.08%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FINANCING AUTHORITY                                   | ELIZABETH RIVER CROSSINGS OPCO LLC 4.0% 01-01-29                                                     | CUSIP: 928104NE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $619059.11    | 0.03%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VERMONT ST STUDENT ASSISTANCE CORP                                               | VERMONT STUDENT ASSISTANCE CORP 5.25% 06-15-33                                                       | CUSIP: 92428CNH3<br>LEI: 549300VHYVRSKNFRSZ91 | Long             | DBT              | MUN               | US        |    700000 | PA      | $763451.50    | 0.03%             | 2033-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VERMONT ST STUDENT ASSISTANCE CORP                                               | VERMONT STUDENT ASSISTANCE CORP 5.25% 06-15-34                                                       | CUSIP: 92428CNJ9<br>LEI: 549300VHYVRSKNFRSZ91 | Long             | DBT              | MUN               | US        |    700000 | PA      | $761593.70    | 0.03%             | 2034-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VILLAGE COMMUNITY DEVELOPMENT DISTRICT NO 15                                     | VILLAGE COMMUNITY DEVELOPMENT DISTRICT NO 15 SERIES 2024 SPECIAL ASSESSMENT 3.75% 05-01-29           | CUSIP: 92708KAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $356662.82    | 0.02%             | 2029-05-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| VIRGINIA ST HSG DEV AUTH                                                         | VIRGINIA HOUSING DEVELOPMENT AUTHORITY (MPT) 3.125% 07-01-56                                         | CUSIP: 92812XRF1<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   9385000 | PA      | $9382925.92   | 0.42%             | 2056-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| VERMONT HSG FIN AGY                                                              | VERMONT HOUSING FINANCE AGENCY 4.0% 11-01-44                                                         | CUSIP: 924190GP0<br>LEI: 549300RD7EYN90K0W008 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50016.90     | 0.00%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WHITING IND                                                                      | BP PRODUCTS NORTH AMERICA INC (MPT) 5.0% 12-01-44                                                    | CUSIP: 96634RAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3035388.00   | 0.14%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HOUSING & ECONOMIC DEVELOPMENT AUTHORITY HOME OWNERSHIP REVENUE        | WISCONSIN HOUSING & ECONOMIC DEVELOPMENT AUTHORITY HOME OWNERSHIP REVENUE FNMA COLL 4.0% 03-01-50    | CUSIP: 97689QLY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $557120.10    | 0.03%             | 2050-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN (STATE OF)                                                             | STATE OF WISCONSIN 5.0% 05-01-30                                                                     | CUSIP: 97705MPW9<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1107654.00   | 0.05%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORITY                              | GUNDERSEN LUTHERAN OBLIGATED GROUP 5.0% 02-15-26                                                     | CUSIP: 97712D6H4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4001464.00   | 0.18%             | 2026-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| WISCONSIN HOUSING & ECONOMIC DEVELOPMENT AUTHORITY HOME OWNERSHIP REVENUE        | WISCONSIN HOUSING & ECONOMIC DEVELOPMENT AUTHORITY HOME OWNERSHIP REVENUE 3.5% 09-01-50              | CUSIP: 97689QNB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1249164.25   | 0.06%             | 2050-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| WYOMING COMMUNITY DEVELOPMENT AUTHORITY                                          | WYOMING COMMUNITY DEVELOPMENT AUTHORITY 4.0% 12-01-50                                                | CUSIP: 98322QVP9<br>LEI: 549300UQ62NB8FGTHW65 | Long             | DBT              | MUN               | US        |    545000 | PA      | $548914.19    | 0.02%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON STATE HOUSING FINANCE COMMISSION                                      | WASHINGTON STATE HOUSING FINANCE COMMISSION GNMA/FNMA/FHLMC 4.0% 12-01-50                            | CUSIP: 93978TN88<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    970000 | PA      | $975179.80    | 0.04%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WYOMING COMMUNITY DEVELOPMENT AUTHORITY                                          | WYOMING COMMUNITY DEVELOPMENT AUTHORITY 3.0% 06-01-50                                                | CUSIP: 98322QXX0<br>LEI: 549300UQ62NB8FGTHW65 | Long             | DBT              | MUN               | US        |   3045000 | PA      | $2992906.14   | 0.13%             | 2050-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HOUSING & ECONOMIC DEVELOPMENT AUTHORITY HOME OWNERSHIP REVENUE        | WISCONSIN HOUSING & ECONOMIC DEVELOPMENT AUTHORITY HOME OWNERSHIP REVENUE 3.0% 03-01-52              | CUSIP: 97689QPF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1300940.65   | 0.06%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WYOMING COMMUNITY DEVELOPMENT AUTHORITY                                          | WYOMING COMMUNITY DEVELOPMENT AUTHORITY GNMA/FHLMC/FNMA COLL 3.0% 06-01-50                           | CUSIP: 98322QYW1<br>LEI: 549300UQ62NB8FGTHW65 | Long             | DBT              | MUN               | US        |    430000 | PA      | $425676.35    | 0.02%             | 2050-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON STATE HOUSING FINANCE COMMISSION                                      | WASHINGTON STATE HOUSING FINANCE COMMISSION GNMA/FNMA/FHLMC 3.0% 06-01-51                            | CUSIP: 93978TZ77<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    585000 | PA      | $574014.87    | 0.03%             | 2051-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA HSG FIN AGY                                                            | LOUISIANA HOUSING CORP GNMA/FNMA/FHLMC COLL 5.75% 06-01-54                                           | CUSIP: 54627DLR0<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |    560000 | PA      | $601827.52    | 0.03%             | 2054-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER AUTHORITY                                                   | LOWER COLORADO RIVER AUTHORITY (MPT) 5.0% 05-15-39                                                   | CUSIP: 54811GM49<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1667156.80   | 0.08%             | 2039-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER AUTHORITY                                                   | LOWER COLORADO RIVER AUTHORITY 5.0% 05-15-27                                                         | CUSIP: 54811GM31<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    780000 | PA      | $806690.04    | 0.04%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA STADIUM & EXPOSITION DISTRICT                                          | LOUISIANA STADIUM & EXPOSITION DISTRICT 5.0% 07-01-30                                                | CUSIP: 546410CH2<br>LEI: 5493000QEHWDGVGH7J62 | Long             | DBT              | MUN               | US        |    475000 | PA      | $519801.53    | 0.02%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEANDER TEX INDPT SCH DIST                                                       | LEANDER INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-27                                            | CUSIP: 521841J31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4375672.50   | 0.20%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES & COMMUNITY DEVELOPMENT AUTH | EAST BATON ROUGE SEWERAGE COMMISSION 5.0% 02-01-29                                                   | CUSIP: 54628CM41<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    700000 | PA      | $745038.00    | 0.03%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES & COMMUNITY DEVELOPMENT AUTH | EAST BATON ROUGE SEWERAGE COMMISSION 5.0% 02-01-27                                                   | CUSIP: 54628CM33<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    400000 | PA      | $410016.80    | 0.02%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LUBBOCK TX ELECTRIC                                                              | CITY OF LUBBOCK TX ELECTRIC LIGHT & POWER SYSTEM REVENUE AG 5.0% 04-15-30                            | CUSIP: 549203YT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1098659.00   | 0.05%             | 2030-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LUBBOCK TX ELECTRIC                                                              | CITY OF LUBBOCK TX ELECTRIC LIGHT & POWER SYSTEM REVENUE 5.0% 04-15-29                               | CUSIP: 549203YS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $857000.46    | 0.04%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA HSG FIN AGY                                                            | DEERWOOD APARTMENTS LP (MPT) 4.0% 01-01-43                                                           | CUSIP: 54627CBS1<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1453511.05   | 0.07%             | 2043-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAWRENCEVILLE GA HSG AUTH                                                        | APPLEWOOD TOWERS LP (MPT) 5.0% 10-01-28                                                              | CUSIP: 520628AR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $523400.69    | 0.02%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES & COMMUNITY DEVELOPMENT AUTH | EAST BATON ROUGE SEWERAGE COMMISSION BAM 5.0% 02-01-30                                               | CUSIP: 54628CY22<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    925000 | PA      | $1009516.33   | 0.05%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CALIF HBR DEPT                                                       | PORT OF LOS ANGELES 5.0% 08-01-27                                                                    | CUSIP: 544552B68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $645123.75    | 0.03%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA HSG FIN AGY                                                            | ARBOURS AT LAFAYETTE PHASE II LLC FHA 221(D)(4) (MPT) 5.0% 04-01-28                                  | CUSIP: 54627CCA9<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2252091.60   | 0.10%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE/JEFFERSON COUNTY METROPOLITAN GOVERNMENT                              | NORTON HEALTHCARE OBLIGATED GROUP 5.0% 10-01-33                                                      | CUSIP: 54659LBR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2030122.00   | 0.09%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LAS VEGAS NV SPECIAL IMPROVEMENT DISTRICT NO 818                         | CITY OF LAS VEGAS NV SPECIAL IMPROVEMENT DISTRICT NO 818 5.0% 12-01-25                               | CUSIP: 51779DAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $165157.08    | 0.01%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LAS VEGAS NV SPECIAL IMPROVEMENT DISTRICT NO 818                         | CITY OF LAS VEGAS NV SPECIAL IMPROVEMENT DISTRICT NO 818 4.5% 12-01-27                               | CUSIP: 51779DAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $305192.70    | 0.01%             | 2027-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES DEPARTMENT OF AIRPORTS LOS ANGELES INTERNATIONAL AIR                 | CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS 5.0% 05-15-29                                             | CUSIP: 5444452J7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5165000 | PA      | $5541389.05   | 0.25%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES DEPARTMENT OF AIRPORTS LOS ANGELES INTERNATIONAL AIR                 | CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS 5.0% 05-15-30                                             | CUSIP: 5444455R6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $901464.80    | 0.04%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKE TAHOE UNIFIED SCHOOL DISTRICT                                               | LAKE TAHOE UNIFIED SCHOOL DISTRICT AG 0.0% 08-01-30                                                  | CUSIP: 511012KU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $910254.26    | 0.04%             | 2030-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CALIF DEPARTMENT OF WATER & POWER                                    | LOS ANGELES DEPARTMENT OF WATER & POWER POWER SYSTEM REVENUE 5.0% 07-01-30                           | CUSIP: 544532PB4<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    750000 | PA      | $826251.00    | 0.04%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CALIF DEPARTMENT OF WATER & POWER                                    | LOS ANGELES DEPARTMENT OF WATER & POWER POWER SYSTEM REVENUE 5.0% 07-01-28                           | CUSIP: 544532PA6<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    425000 | PA      | $445431.45    | 0.02%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEE COUNTY HOUSING FINANCE AUTHORITY                                             | MHP LEE I LLC (MPT) 3.5% 12-01-42                                                                    | CUSIP: 52349HBH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2867935.05   | 0.13%             | 2042-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LEANDER TEX INDPT SCH DIST                                                       | LEANDER INDEPENDENT SCHOOL DISTRICT PSF-GTD 0.0% 08-15-26                                            | CUSIP: 521841P34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $782210.40    | 0.04%             | 2026-08-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CALIF                                                                | CITY OF LOS ANGELES CA 5.0% 06-25-26                                                                 | CUSIP: 544351SF7<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10168300.00  | 0.46%             | 2026-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LINCOLN CNTY WYO                                                                 | EXXON CAPITAL VENTURES INC FRN 10-01-44                                                              | CUSIP: 533485BB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2200000.00   | 0.10%             | 2044-10-01      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| LOUISA VA INDL DEV AUTH                                                          | VIRGINIA ELECTRIC AND POWER CO (MPT) 3.125% 11-01-35                                                 | CUSIP: 546068AZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4415897.20   | 0.20%             | 2035-11-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES DEPARTMENT OF WATER & POWER WATER SYSTEM REVENUE                     | LOS ANGELES DEPARTMENT OF WATER & POWER WATER SYSTEM REVENUE 5.0% 07-01-31                           | CUSIP: 544525Z27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1959457.50   | 0.09%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES DEPARTMENT OF WATER & POWER WATER SYSTEM REVENUE                     | LOS ANGELES DEPARTMENT OF WATER & POWER WATER SYSTEM REVENUE 5.0% 07-01-33                           | CUSIP: 544525Z43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $580838.38    | 0.03%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CALIF DEPARTMENT OF WATER & POWER                                    | LOS ANGELES DEPARTMENT OF WATER & POWER POWER SYSTEM REVENUE 5.0% 07-01-30                           | CUSIP: 544532QE7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   6610000 | PA      | $7213816.89   | 0.32%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER ALA GAS DIST ALA GAS SUPPLY REV                                            | LOWER ALABAMA GAS DISTRICT 5.0% 12-01-33                                                             | CUSIP: 547804AQ7<br>LEI: 549300YTI1NTDG2OVU42 | Long             | DBT              | MUN               | US        |   2435000 | PA      | $2592123.25   | 0.12%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA HSG FIN AGY                                                            | CAPSTONE AT COVINGTON PLACE LP (MPT) 3.1% 05-01-43                                                   | CUSIP: 54627CCF8<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1374104.88   | 0.06%             | 2043-05-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS VALLEY NEV WTR DIST                                                    | LAS VEGAS VALLEY WATER DISTRICT 5.0% 06-01-34                                                        | CUSIP: 517845BT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2195000 | PA      | $2219210.85   | 0.10%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LAS VEGAS NV SPECIAL IMPROVEMENT DISTRICT NO 812                         | CITY OF LAS VEGAS NV SPECIAL IMPROVEMENT DISTRICT NO 812 4.5% 12-01-25                               | CUSIP: 517784AK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $555272.51    | 0.02%             | 2025-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUBLIC FACILITIES AUTHORITY                                            | OCHSNER CLINIC FOUNDATION OBLIGATED GROUP 5.0% 05-15-34                                              | CUSIP: 546399CH7<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4092172.00   | 0.18%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN                                                      | MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION RESIDENTIAL REVENUE 3.5% 03-01-50                      | CUSIP: 57419TDL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $403425.77    | 0.02%             | 2050-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST DEPT TRANSN                                                          | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION 5.0% 10-01-26                                         | CUSIP: 574204N25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $648846.18    | 0.03%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEMORIAL CITY REDEVELOPMENT AUTHORITY                                            | CITY OF HOUSTON TX REINVESTMENT ZONE NO 17 AG 5.0% 09-01-26                                          | CUSIP: 58602FAG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $324510.72    | 0.01%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN NASHVILLE AIRPORT AUTHORITY                                         | METROPOLITAN NASHVILLE AIRPORT AUTHORITY 5.0% 07-01-31                                               | CUSIP: 592190NW8<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1616340.00   | 0.07%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE                      | METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE 5.0% 10-01-29                            | CUSIP: 592647HJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1155885.15   | 0.05%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                         | MINNESOTA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 3.5% 07-01-50                                       | CUSIP: 60416S4E7<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    715000 | PA      | $712079.23    | 0.03%             | 2050-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMN                                                        | MISSOURI HOUSING DEVELOPMENT COMMISSION GNMA/FNMA/FHLMC 3.5% 11-01-50                                | CUSIP: 60637BXS4<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1603605.08   | 0.07%             | 2050-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY                      | MARYLAND INSTITUTE COLLEGE OF ART 5.25% 06-01-32                                                     | CUSIP: 57421CFS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1197020.52   | 0.05%             | 2032-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY                      | MARYLAND INSTITUTE COLLEGE OF ART 5.25% 06-01-42                                                     | CUSIP: 57421CFX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1527448.50   | 0.07%             | 2042-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CNTY OF MIAMI-DADE FL AVIATION REVENUE                                           | COUNTY OF MIAMI-DADE FL AVIATION REVENUE 5.0% 10-01-32                                               | CUSIP: 59333P7J1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1113161.00   | 0.05%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER & EXPOSITION AUTH (HYATT REGENCY MCCORMICK PL)                 | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND 4.0% 12-15-26                               | CUSIP: 592250FJ8<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   2470000 | PA      | $2493504.52   | 0.11%             | 2026-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KLEIN TEX INDPT SCH DIST                                                         | KLEIN INDEPENDENT SCHOOL DISTRICT PSF-GTD 3.0% 08-01-28                                              | CUSIP: 498531HF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500028.50   | 0.07%             | 2028-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PPTY & BLDGS COMMN                                                   | COMMONWEALTH OF KENTUCKY ST APPROP 5.0% 11-01-25                                                     | CUSIP: 49151FNJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1590000.00   | 0.07%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY                                  | NORTON HEALTHCARE OBLIGATED GROUP NATL 0.0% 10-01-28                                                 | CUSIP: 49126VCK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $111338.75    | 0.01%             | 2028-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES DEPARTMENT OF AIRPORTS LOS ANGELES INTERNATIONAL AIR                 | CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS 5.0% 05-15-28                                             | CUSIP: 544445NF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3615000 | PA      | $3803854.83   | 0.17%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS VALLEY NEV WTR DIST                                                    | LAS VEGAS VALLEY WATER DISTRICT 5.0% 06-01-26                                                        | CUSIP: 517845GX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1707562.15   | 0.08%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                                  | CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.5% 05-01-54                                  | CUSIP: 13013JCS3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1598409.00   | 0.07%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH                                             | ENLOE MEDICAL CENTER OBLIGATED GROUP CA MTG INS 5.0% 08-15-28                                        | CUSIP: 13080SKR4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251630.00    | 0.01%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH                                                      | CONNECTICUT HOUSING FINANCE AUTHORITY 5.75% 11-15-53                                                 | CUSIP: 20775HA45<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    920000 | PA      | $977598.44    | 0.04%             | 2053-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CARROLLTON TEX FMRS BRH INDPT SCH DIST                                           | CARROLLTON-FARMERS BRANCH INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-27                          | CUSIP: 145628P56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7212373.00   | 0.32%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                                  | CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 02-01-54                                  | CUSIP: 13013JDB9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2435000 | PA      | $2630067.85   | 0.12%             | 2054-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HOUSING AND FINANCE AUTHORITY                                           | COLORADO HOUSING AND FINANCE AUTHORITY GNMA/FNMA/FHLMC 6.5% 05-01-55                                 | CUSIP: 19648GB27<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1897983.39   | 0.09%             | 2055-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| COLORADO BRIDGE & TUNNEL ENTERPRISE                                              | COLORADO BRIDGE & TUNNEL ENTERPRISE AG 5.0% 12-01-31                                                 | CUSIP: 19633TAJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1129667.00   | 0.05%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CORPUS CHRISTI TEX INDPT SCH DIST                                                | CORPUS CHRISTI INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 08-15-29                                     | CUSIP: 220148CZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1087350.00   | 0.05%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT STATE HIGHER EDUCATION SUPPLEMENT LOAN AUTHORITY                     | CONNECTICUT STATE HIGHER EDUCATION SUPPLEMENT LOAN AUTHORITY 5.25% 11-15-31                          | CUSIP: 207743YE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2714555.00   | 0.12%             | 2031-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT STATE HIGHER EDUCATION SUPPLEMENT LOAN AUTHORITY                     | CONNECTICUT STATE HIGHER EDUCATION SUPPLEMENT LOAN AUTHORITY 5.25% 11-15-28                          | CUSIP: 207743YB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $518820.89    | 0.02%             | 2028-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT STATE HIGHER EDUCATION SUPPLEMENT LOAN AUTHORITY                     | CONNECTICUT STATE HIGHER EDUCATION SUPPLEMENT LOAN AUTHORITY 5.25% 11-15-29                          | CUSIP: 207743YC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1689122.19   | 0.08%             | 2029-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT STATE HIGHER EDUCATION SUPPLEMENT LOAN AUTHORITY                     | CONNECTICUT STATE HIGHER EDUCATION SUPPLEMENT LOAN AUTHORITY 5.25% 11-15-30                          | CUSIP: 207743YD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1977254.80   | 0.09%             | 2030-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY                                             | ADVENTHEALTH OBLIGATED GROUP (MPT) 5.0% 11-15-60                                                     | CUSIP: 19648FZQ0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2363271.12   | 0.11%             | 2060-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON HIGHER EDUCATION FINANCE CORP                                            | INTERNATIONAL LEADERSHIP OF TEXAS INC PSF-GTD (MPT) 4.0% 02-15-55                                    | CUSIP: 187145UT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $783420.00    | 0.04%             | 2055-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON HIGHER EDUCATION FINANCE CORP                                            | IDEA PUBLIC SCHOOLS PSF-GTD 5.0% 08-15-27                                                            | CUSIP: 187145VT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1714595.85   | 0.08%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEVELOPMENT BANK                            | EQUITABLE SCHOOL REVOLVING FUND LLC OBLIGATED GROUP 5.0% 11-01-25                                    | CUSIP: 13035ACG2<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    115000 | PA      | $115000.00    | 0.01%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DEPARTMENT OF VETERANS AFFAIRS VETERAN'S FARM & HOME PURCHASE PROGRAM            | CA VETERANS HOUSING PAC (75-500) PSA 16B SF 3.5% 12-01-45                                            | CUSIP: 130658NL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $44992.40     | 0.00%             | 2045-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY                                             | UNIVERSITY OF COLORADO HEALTH OBLIGATED GROUP 5.0% 09-01-46                                          | CUSIP: 19648FBC7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    125000 | PA      | $127194.13    | 0.01%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLLIN CNTY TEX                                                                  | COUNTY OF COLLIN TX 5.0% 02-15-26                                                                    | CUSIP: 194740TL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1388754.72   | 0.06%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH                                             | CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 5.0% 10-01-28                                 | CUSIP: 13080S2U7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |  15500000 | PA      | $16551659.50  | 0.75%             | 2028-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH                                             | CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 5.0% 10-01-32                                 | CUSIP: 13080S2W3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3453981.00   | 0.16%             | 2032-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CAPITAL TR AUTH FLA                                                              | SHANDS TEACHING HOSPITAL & CLINICS OBLIGATED GROUP 5.0% 12-01-32                                     | CUSIP: 14055GAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6575000 | PA      | $7343814.75   | 0.33%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA (STATE OF)                                                            | STATE OF CALIFORNIA 5.0% 08-01-30                                                                    | CUSIP: 13063ENN2<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2237028.00   | 0.10%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA (STATE OF)                                                            | STATE OF CALIFORNIA 5.0% 08-01-33                                                                    | CUSIP: 13063EMS2<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    510000 | PA      | $598721.64    | 0.03%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA (STATE OF)                                                            | STATE OF CALIFORNIA 5.0% 08-01-33                                                                    | CUSIP: 13063ENT9<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   3180000 | PA      | $3733205.52   | 0.17%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY                                             | COMMONSPIRIT HEALTH OBLIGATED GROUP 5.0% 09-01-29                                                    | CUSIP: 19648FB52<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   8170000 | PA      | $8762357.68   | 0.39%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY                                             | COMMONSPIRIT HEALTH OBLIGATED GROUP 5.0% 09-01-32                                                    | CUSIP: 19648FB60<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   4050000 | PA      | $4538660.85   | 0.20%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COMAL TEX INDPT SCH DIST                                                         | COMAL INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-01-27                                              | CUSIP: 199821AZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3725000 | PA      | $3826606.83   | 0.17%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE PUBLIC WORKS BOARD                                              | STATE OF CALIFORNIA 5.0% 11-01-27                                                                    | CUSIP: 13068XQU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1625815.15   | 0.07%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONROE INDEPENDENT SCHOOL DISTRICT                                               | CONROE INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-27                                             | CUSIP: 2084185Q2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1110244.32   | 0.05%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF CHARLOTTE NC                                                             | CITY OF CHARLOTTE NC 5.0% 07-01-27                                                                   | CUSIP: 161035PU8<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |   2465000 | PA      | $2560755.39   | 0.12%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO (CITY OF)                                                                | CITY OF CHICAGO IL NATL 0.0% 01-01-26                                                                | CUSIP: 167484QR8<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1492119.00   | 0.07%             | 2026-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY                                 | WASTE MANAGEMENT INC 3.0% 11-01-25                                                                   | CUSIP: 130536QV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.02%             | 2025-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| STATE OF CONNECTICUT                                                             | STATE OF CONNECTICUT 5.0% 11-15-31                                                                   | CUSIP: 20772JP22<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501356.00   | 0.07%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA (STATE OF)                                                            | STATE OF CALIFORNIA 4.0% 09-01-31                                                                    | CUSIP: 13063CD72<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1316858.54   | 0.06%             | 2031-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA DEPARTMENT OF WATER RESOURCES                                         | STATE OF CALIFORNIA DEPARTMENT OF WATER RESOURCES 5.0% 12-01-33                                      | CUSIP: 13067WMB5<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |    230000 | PA      | $236575.70    | 0.01%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRAL FLORIDA EXRESSWAY AUTH                                                   | CENTRAL FLORIDA EXPRESSWAY AUTHORITY 4.0% 07-01-35                                                   | CUSIP: 153476BQ8<br>LEI: 549300JL23Z3Z64M6K65 | Long             | DBT              | MUN               | US        |   8645000 | PA      | $8720081.83   | 0.39%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NEV SCH DIST                                                          | CLARK COUNTY SCHOOL DISTRICT 4.0% 06-15-32                                                           | CUSIP: 181059TJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $495657.86    | 0.02%             | 2032-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE PUBLIC WORKS BOARD                                              | STATE OF CALIFORNIA 4.0% 11-01-31                                                                    | CUSIP: 13068LYY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1575935.40   | 0.07%             | 2031-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NEV SCH DIST                                                          | CLARK COUNTY SCHOOL DISTRICT 4.0% 06-15-34                                                           | CUSIP: 181059TL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100132.90    | 0.00%             | 2034-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA (WASHINGTON DC)                                             | DISTRICT OF COLUMBIA 5.0% 02-01-30                                                                   | CUSIP: 25476FYF9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    700000 | PA      | $769267.80    | 0.03%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA (WASHINGTON DC)                                             | NATIONAL PUBLIC RADIO INC 5.0% 04-01-28                                                              | CUSIP: 25483VRG1<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    230000 | PA      | $231994.33    | 0.01%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA (WASHINGTON DC)                                             | NATIONAL PUBLIC RADIO INC 5.0% 04-01-29                                                              | CUSIP: 25483VRH9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    225000 | PA      | $226950.98    | 0.01%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA (WASHINGTON DC)                                             | CHILDREN'S NATIONAL MEDICAL CENTER OBLIGATED GROUP 5.0% 07-15-35                                     | CUSIP: 254764JZ7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    800000 | PA      | $802868.00    | 0.04%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY & COUNTY OF DENVER CO AIRPORT SYSTEM REVENUE                                | CITY & COUNTY OF DENVER CO AIRPORT SYSTEM REVENUE 5.0% 12-01-29                                      | CUSIP: 249182LC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059083.00   | 0.05%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY & COUNTY OF DENVER CO AIRPORT SYSTEM REVENUE                                | CITY & COUNTY OF DENVER CO AIRPORT SYSTEM REVENUE 5.0% 12-01-27                                      | CUSIP: 249182LA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1560205.50   | 0.07%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY & COUNTY OF DENVER CO AIRPORT SYSTEM REVENUE                                | CITY & COUNTY OF DENVER CO AIRPORT SYSTEM REVENUE 5.0% 12-01-31                                      | CUSIP: 249182LE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1717678.63   | 0.08%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EL PASO TEX INDPT SCH DIST                                                       | EL PASO INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 08-15-26                                            | CUSIP: 283770GZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400761.60    | 0.02%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAST BATON ROUGE LA SEW COMMN                                                    | EAST BATON ROUGE SEWERAGE COMMISSION (MPT) 1.3% 02-01-41                                             | CUSIP: 270618HF1<br>LEI: 5493006BC84VNIRSCG97 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2813202.00   | 0.13%             | 2041-02-01      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| EAST BATON ROUGE LA SEW COMMN                                                    | EAST BATON ROUGE SEWERAGE COMMISSION 5.0% 02-01-26                                                   | CUSIP: 270618FX4<br>LEI: 5493006BC84VNIRSCG97 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1131070.50   | 0.05%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ERIE PA WTR AUTH                                                                 | ERIE CITY WATER AUTHORITY 5.0% 12-01-43                                                              | CUSIP: 295542MW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1228488.00   | 0.06%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY                                     | ENERGY SOUTHEAST A COOPERATIVE DISTRICT (MPT) 5.5% 11-01-53                                          | CUSIP: 292723AK9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2593716.15   | 0.12%             | 2053-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EL RANCHO CALIF UNI SCH DIST                                                     | EL RANCHO UNIFIED SCHOOL DISTRICT BAM 5.5% 08-01-26                                                  | CUSIP: 283839D47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $459043.20    | 0.02%             | 2026-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY                                     | ENERGY SOUTHEAST A COOPERATIVE DISTRICT (MPT) 5.25% 07-01-54                                         | CUSIP: 292723BN2<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1834907.49   | 0.08%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ENERGY NORTHWEST                                                                 | BONNEVILLE POWER ADMINISTRATION 5.0% 07-01-30                                                        | CUSIP: 29270C6J9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1388088.75   | 0.06%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGY NORTHWEST                                                                 | BONNEVILLE POWER ADMINISTRATION 5.0% 07-01-28                                                        | CUSIP: 29270C6X8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2127174.00   | 0.10%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGETOWN TEX INDPT SCH DIST                                                    | GEORGETOWN INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-26                                         | CUSIP: 373046F55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $382421.74    | 0.02%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREGORY PORTLAND TEX INDPT SCH DIST                                              | GREGORY-PORTLAND INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-33                                   | CUSIP: 397586TL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $2130924.35   | 0.10%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GLENDALE ARIZ INDL DEV AUTH                                                      | MIDWESTERN UNIVERSITY OBLIGATED GROUP 5.0% 05-15-30                                                  | CUSIP: 378286LK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1097218.00   | 0.05%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GLENDALE ARIZ INDL DEV AUTH                                                      | MIDWESTERN UNIVERSITY OBLIGATED GROUP 5.0% 05-15-26                                                  | CUSIP: 378286LF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1172479.28   | 0.05%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GLENDALE ARIZ INDL DEV AUTH                                                      | MIDWESTERN UNIVERSITY OBLIGATED GROUP 5.0% 05-15-27                                                  | CUSIP: 378286LG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516464.00    | 0.02%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF GEORGIA                                                                 | STATE OF GEORGIA 5.0% 12-01-27                                                                       | CUSIP: 3733846W1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513406.00    | 0.02%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF GEORGIA                                                                 | STATE OF GEORGIA 5.0% 02-01-27                                                                       | CUSIP: 373384Z82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001795.00   | 0.05%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX UTIL SYS REV                                                         | CITY OF HOUSTON TX COMBINED UTILITY SYSTEM REVENUE FRN 05-15-34                                      | CUSIP: 44244CRZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.45%             | 2034-05-15      | Variable      | 3.27%                 | No            |                  2 | On Loan: No      |
| CITY OF HOUSTON TX AIRPORT SYSTEM REVENUE                                        | CITY OF HOUSTON TX AIRPORT SYSTEM REVENUE 5.0% 07-01-27                                              | CUSIP: 442349DP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030579.00   | 0.05%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMPTON ROADS VA TRANSPRTN ACCOUNTABILITY COMMISSION                             | HAMPTON ROADS TRANSPORTATION FUND 5.0% 07-01-26                                                      | CUSIP: 40934TAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3450517.20   | 0.16%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOOVER ALA                                                                       | CITY OF HOOVER AL 4.0% 07-01-33                                                                      | CUSIP: 439238KZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008948.00   | 0.05%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF HOUSTON TX AIRPORT SYSTEM REVENUE                                        | CITY OF HOUSTON TX AIRPORT SYSTEM REVENUE AG 5.0% 07-01-28                                           | CUSIP: 442349GD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2758665.00   | 0.12%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAYS CONSOLIDATED INDEPENDENT SCHOOL DISTRICT                                    | HAYS CONSOLIDATED INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-26                                  | CUSIP: 4211107G6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006287.00   | 0.05%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS COUNTY-HOUSTON SPORTS AUTHORITY                                           | HARRIS COUNTY-HOUSTON SPORTS AUTHORITY AG 5.0% 11-15-30                                              | CUSIP: 413890GT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1451182.92   | 0.07%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOMERVILLE HOUSING AUTHORITY                                                     | DHM HOMERVILLE LP (MPT) 3.45% 01-01-28                                                               | CUSIP: 437597AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1250464.31   | 0.06%             | 2028-01-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| HAYWARD UNIFIED SCHOOL DISTRICT                                                  | HAYWARD UNIFIED SCHOOL DISTRICT AG 5.0% 08-01-29                                                     | CUSIP: 421295AQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $448054.15    | 0.02%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF HAWAII DEPARTMENT OF BUDGET & FINANCE                                   | QUEEN'S HEALTH SYSTEMS OBLIGATED GROUP FRN 07-01-60                                                  | CUSIP: 419800QS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7200000 | PA      | $7200000.00   | 0.32%             | 2060-07-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| STATE OF HAWAII DEPARTMENT OF BUDGET & FINANCE                                   | QUEEN'S HEALTH SYSTEMS OBLIGATED GROUP FRN 07-01-51                                                  | CUSIP: 419800PW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8000000.00   | 0.36%             | 2051-07-01      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| HAMPTON ROADS SANTN DIST VA                                                      | HAMPTON ROADS SANITATION DISTRICT 5.0% 07-15-26                                                      | CUSIP: 409327MW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6091254.00   | 0.27%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX INDPT SCH DIST                                                       | HOUSTON INDEPENDENT SCHOOL DISTRICT (MPT) 5.0% 07-15-45                                              | CUSIP: 442403SH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6935000 | PA      | $7300675.62   | 0.33%             | 2045-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSING OPTIONS INC/TX                                                           | HOUSING OPTIONS INC HUD SECT 8 (MPT) 3.05% 02-01-45                                                  | CUSIP: 44183TAN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $906321.30    | 0.04%             | 2045-02-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| HARRIS COUNTY HOUSING FINANCE CORP                                               | KOBAYASHI BAYPOINTE APARTMENTS LP (MPT) 2.95% 09-01-43                                               | CUSIP: 414158TQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1442990.43   | 0.06%             | 2043-09-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| HAWAII (STATE OF)                                                                | STATE OF HAWAII 5.0% 10-01-28                                                                        | CUSIP: 419792MK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2121111.20   | 0.10%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF HAWAII AIRPORTS SYSTEM REVENUE                                          | STATE OF HAWAII AIRPORTS SYSTEM REVENUE 5.0% 07-01-29                                                | CUSIP: 419794ZS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052977.00   | 0.05%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH                                                            | ILLINOIS HOUSING DEVELOPMENT AUTHORITY GNMA/FNMA/FHLMC 4.0% 10-01-49                                 | CUSIP: 45201Y3R6<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    180000 | PA      | $180633.42    | 0.01%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IDAHO HOUSING AND FINANCE ASSOCIATION                                            | IDAHO HOUSING & FINANCE ASSOCIATION GNMA COLL 4.0% 01-01-50                                          | CUSIP: 45129YN44<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    405000 | PA      | $406923.35    | 0.02%             | 2050-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IOWA FINANCE AUTHORITY                                                           | IOWA FINANCE AUTHORITY GNMA/FNMA/FHLMC 3.5% 01-01-49                                                 | CUSIP: 462467YJ4<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    200000 | PA      | $198999.40    | 0.01%             | 2049-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FINANCE AUTHORITY                                                     | INDIANA FINANCE AUTHORITY STATE REVOLVING FUND 5.0% 02-01-26                                         | CUSIP: 45506D5K7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1473158.59   | 0.07%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FINANCE AUTHORITY                                                     | INDIANA FINANCE AUTHORITY STATE REVOLVING FUND 5.0% 02-01-30                                         | CUSIP: 45506D5P6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1487242.09   | 0.07%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA HOUSING & COMMUNITY DEVELOPMENT AUTHORITY                                | INDIANA HOUSING & COMMUNITY DEVELOPMENT AUTHORITY 3.75% 01-01-49                                     | CUSIP: 45505TQU8<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |    160000 | PA      | $160003.52    | 0.01%             | 2049-01-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH                                                            | ILLINOIS HOUSING DEVELOPMENT AUTHORITY GNMA/FNMA/FHLMC 3.75% 04-01-50                                | CUSIP: 45201Y6B8<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1205826.63   | 0.05%             | 2050-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ILLINOIS (STATE OF)                                                              | STATE OF ILLINOIS 5.5% 05-01-26                                                                      | CUSIP: 4521526J5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1518670.50   | 0.07%             | 2026-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS LOCAL PUBLIC IMPROVEMENT BOND BANK                                  | INDIANAPOLIS AIRPORT AUTHORITY 5.0% 01-01-28                                                         | CUSIP: 45528UTF8<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    300000 | PA      | $303710.10    | 0.01%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                                       | OSF HEALTHCARE SYSTEM OBLIGATED GROUP (MPT) 5.0% 05-15-50                                            | CUSIP: 45204FEH4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1295468.90   | 0.06%             | 2050-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FINANCE AUTHORITY                                                     | INDIANAPOLIS POWER & LIGHT CO (MPT) 0.95% 12-01-38                                                   | CUSIP: 455059AJ4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    520000 | PA      | $513966.44    | 0.02%             | 2038-12-01      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                                       | PRESBYTERIAN HOMES OBLIGATED GROUP (MPT) FRN 05-01-42                                                | CUSIP: 45204FHM0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    250000 | PA      | $248924.75    | 0.01%             | 2042-05-01      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| INDIANA HOUSING & COMMUNITY DEVELOPMENT AUTHORITY                                | INDIANA HOUSING & COMMUNITY DEVELOPMENT AUTHORITY GNMA/FNMA/FHLMC 3.0% 07-01-50                      | CUSIP: 45505TUJ8<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |    450000 | PA      | $443423.25    | 0.02%             | 2050-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FINANCE AUTHORITY                                                     | CWA AUTHORITY INC 5.0% 10-01-28                                                                      | CUSIP: 45505MKF2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1331190.00   | 0.06%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH                                                            | ILLINOIS HOUSING DEVELOPMENT AUTHORITY GNMA/FNMA/FHLMC 3.0% 10-01-51                                 | CUSIP: 45203MDC2<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   2795000 | PA      | $2745830.36   | 0.12%             | 2051-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TEX HIGHER ED FIN CO                                                   | UPLIFT EDUCATION PSF-GTD 4.0% 12-01-26                                                               | CUSIP: 041806TB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $445571.72    | 0.02%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TEX HIGHER ED FIN CO                                                   | UPLIFT EDUCATION PSF-GTD 4.0% 12-01-25                                                               | CUSIP: 041806TA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $425325.13    | 0.02%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH                                                            | SHEFFIELD SENIORS LLC FHA 542(C) 0.8% 07-01-26                                                       | CUSIP: 45202BJB3<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    410000 | PA      | $401041.91    | 0.02%             | 2026-07-01      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| INDIANA HOUSING & COMMUNITY DEVELOPMENT AUTHORITY                                | INDIANA HOUSING & COMMUNITY DEVELOPMENT AUTHORITY GNMA/FNMA/FHLMC 3.0% 01-01-52                      | CUSIP: 45505TVC2<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1574480.93   | 0.07%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FINANCE AUTHORITY                                                     | INDIANA FINANCE AUTHORITY STATE REVOLVING FUND 5.0% 02-01-27                                         | CUSIP: 45506EDN0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    330000 | PA      | $339942.57    | 0.02%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FINANCE AUTHORITY                                                     | INDIANA FINANCE AUTHORITY STATE REVOLVING FUND 5.0% 02-01-28                                         | CUSIP: 45506EDP5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    425000 | PA      | $448161.23    | 0.02%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO HEALTH FACILITIES AUTHORITY                                                | ST LUKE'S HEALTH SYSTEM LTD OBLIGATED GROUP 5.0% 03-01-27                                            | CUSIP: 451295B40<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    200000 | PA      | $205807.80    | 0.01%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO HEALTH FACILITIES AUTHORITY                                                | ST LUKE'S HEALTH SYSTEM LTD OBLIGATED GROUP 5.0% 03-01-29                                            | CUSIP: 451295B65<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    165000 | PA      | $176864.66    | 0.01%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO HEALTH FACILITIES AUTHORITY                                                | ST LUKE'S HEALTH SYSTEM LTD OBLIGATED GROUP 5.0% 03-01-28                                            | CUSIP: 451295B57<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    260000 | PA      | $273069.68    | 0.01%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA FINANCE AUTHORITY                                                           | IOWA FINANCE AUTHORITY GNMA/FNMA/FHLMC 3.0% 01-01-52                                                 | CUSIP: 462467U74<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2645000 | PA      | $2597942.81   | 0.12%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| INDIANA HOUSING & COMMUNITY DEVELOPMENT AUTHORITY                                | INDIANA HOUSING & COMMUNITY DEVELOPMENT AUTHORITY GNMA COLL 4.0% 07-01-48                            | CUSIP: 45505TMF5<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1368306.03   | 0.06%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIANA MUN PWR AGY                                                              | INDIANA MUNICIPAL POWER AGENCY 5.0% 01-01-28                                                         | CUSIP: 454898XK8<br>LEI: AX0ZCCVOQ71Z4RXBL233 | Long             | DBT              | MUN               | US        |    700000 | PA      | $733562.90    | 0.03%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA HOUSING & COMMUNITY DEVELOPMENT AUTHORITY                                | INDIANA HOUSING & COMMUNITY DEVELOPMENT AUTHORITY GNMA/FNMA/FHLMC 5.0% 07-01-53                      | CUSIP: 45505TYE5<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |    360000 | PA      | $370738.44    | 0.02%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA SECONDARY MKT EDL LNS INC                                                | INDIANA SECONDARY MARKET FOR EDUCATION LOANS INC 5.0% 06-01-27                                       | CUSIP: 45505NAD6<br>LEI: 549300M19IK303TD4597 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1529757.00   | 0.07%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA SECONDARY MKT EDL LNS INC                                                | INDIANA SECONDARY MARKET FOR EDUCATION LOANS INC 5.0% 06-01-29                                       | CUSIP: 45505NAF1<br>LEI: 549300M19IK303TD4597 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1275070.65   | 0.06%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA SECONDARY MKT EDL LNS INC                                                | INDIANA SECONDARY MARKET FOR EDUCATION LOANS INC 5.0% 06-01-28                                       | CUSIP: 45505NAE4<br>LEI: 549300M19IK303TD4597 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1390853.70   | 0.06%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA HOUSING & COMMUNITY DEVELOPMENT AUTHORITY                                | INDIANA HOUSING & COMMUNITY DEVELOPMENT AUTHORITY GNMA/FNMA/FHLMC COLL 5.75% 07-01-53                | CUSIP: 45505TB83<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1889307.41   | 0.09%             | 2053-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH                                                            | ILLINOIS HOUSING DEVELOPMENT AUTHORITY FNMA/GNMA/FHLMC COLL 5.75% 10-01-53                           | CUSIP: 45203MQD6<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   2285000 | PA      | $2436127.62   | 0.11%             | 2053-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| IRVING TEX INDPT SCH DIST                                                        | IRVING INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-27                                             | CUSIP: 463813K38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1384943.81   | 0.06%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IRVING TEX INDPT SCH DIST                                                        | IRVING INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-29                                             | CUSIP: 463813K53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $817641.44    | 0.04%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA STUDENT LOAN LIQUIDITY CORP                                                 | IOWA STUDENT LOAN LIQUIDITY CORP 5.0% 12-01-28                                                       | CUSIP: 462590NT3<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |    435000 | PA      | $453862.47    | 0.02%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA STUDENT LOAN LIQUIDITY CORP                                                 | IOWA STUDENT LOAN LIQUIDITY CORP 5.0% 12-01-26                                                       | CUSIP: 462590NR7<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |    600000 | PA      | $609374.40    | 0.03%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA STUDENT LOAN LIQUIDITY CORP                                                 | IOWA STUDENT LOAN LIQUIDITY CORP 5.0% 12-01-27                                                       | CUSIP: 462590NS5<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029741.00   | 0.05%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                                       | ILLINOIS FINANCE AUTHORITY (MPT) 3.875% 05-01-40                                                     | CUSIP: 45203EAG4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1398186.38   | 0.06%             | 2040-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                                       | WASTE MANAGEMENT INC (MPT) 4.6% 10-01-53                                                             | CUSIP: 45202HAL7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   4685000 | PA      | $4706729.03   | 0.21%             | 2053-10-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| IOWA FINANCE AUTHORITY                                                           | AHEPA 192-IV APARTMENTS LP HUD SECT 8 (MPT) 5.0% 11-01-26                                            | CUSIP: 46246JNL5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2125000.00   | 0.10%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALVORD CALIF UNI SCH DIST                                                        | ALVORD UNIFIED SCHOOL DISTRICT AG 0.0% 08-01-36                                                      | CUSIP: 022555UK0<br>LEI: 549300Q9J0UCO75DL276 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1326272.00   | 0.06%             | 2036-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU REVENUE                                             | STATE OF NEBRASKA 5.0% 11-01-25                                                                      | CUSIP: 04052ACX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.07%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA BRD REGENTS                                                              | ARIZONA STATE UNIVERSITY 5.0% 07-01-26                                                               | CUSIP: 040664AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $304675.50    | 0.01%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALASKA HOUSING FINANCE CORP                                                      | ALASKA HOUSING FINANCE CORP 3.25% 12-01-44                                                           | CUSIP: 01170RKQ4<br>LEI: 549300HJ8NOJNYW6ER36 | Long             | DBT              | MUN               | US        |   2170000 | PA      | $2146182.08   | 0.10%             | 2044-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AKRON BATH COPLEY JOINT TOWNSHIP HOSPITAL DISTRICT                               | SUMMA HEALTH SYSTEM OBLIGATED GROUP 5.0% 11-15-28                                                    | CUSIP: 009730PK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $489466.22    | 0.02%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TEX HIGHER ED FIN CO                                                   | GREAT HEARTS AMERICA - TEXAS PSF-GTD 4.0% 08-15-26                                                   | CUSIP: 041806M31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110976.58    | 0.00%             | 2026-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU REVENUE                                             | PHOENIX CHILDREN'S HOSPITAL OBLIGATED GROUP 5.0% 02-01-26                                            | CUSIP: 04052EBC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1205763.60   | 0.05%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF ALASKA INTERNATIONAL AIRPORTS SYSTEM                                    | STATE OF ALASKA INTERNATIONAL AIRPORTS SYSTEM 5.0% 10-01-26                                          | CUSIP: 011842UP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1527801.00   | 0.07%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS LOCAL PUBLIC IMPROVEMENT BOND BANK                                  | INDIANAPOLIS AIRPORT AUTHORITY 5.0% 01-01-28                                                         | CUSIP: 45528VAZ2<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   3110000 | PA      | $3238477.21   | 0.15%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS LOCAL PUBLIC IMPROVEMENT BOND BANK                                  | INDIANAPOLIS AIRPORT AUTHORITY 5.0% 01-01-29                                                         | CUSIP: 45528VBA6<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   2290000 | PA      | $2428593.09   | 0.11%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF ALASKA INTERNATIONAL AIRPORTS SYSTEM                                    | STATE OF ALASKA INTERNATIONAL AIRPORTS SYSTEM 5.0% 10-01-29                                          | CUSIP: 011842US8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3185000 | PA      | $3423425.92   | 0.15%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REV                                                              | CITY OF ATLANTA GA DEPARTMENT OF AVIATION 5.0% 07-01-28                                              | CUSIP: 04780MZM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $700780.99    | 0.03%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REV                                                              | CITY OF ATLANTA GA DEPARTMENT OF AVIATION 5.0% 07-01-27                                              | CUSIP: 04780MYP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $447480.36    | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF AUSTIN TX AIRPORT SYSTEM REVENUE                                         | CITY OF AUSTIN TX AIRPORT SYSTEM REVENUE 5.0% 11-15-26                                               | CUSIP: 052398HB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2820000 | PA      | $2872567.62   | 0.13%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF AUSTIN TX AIRPORT SYSTEM REVENUE                                         | CITY OF AUSTIN TX AIRPORT SYSTEM REVENUE 5.0% 11-15-27                                               | CUSIP: 052398HC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2077778.00   | 0.09%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALASKA HOUSING FINANCE CORP                                                      | ALASKA HOUSING FINANCE CORP 5.0% 12-01-26                                                            | CUSIP: 011839YE1<br>LEI: 549300HJ8NOJNYW6ER36 | Long             | DBT              | MUN               | US        |    725000 | PA      | $742756.70    | 0.03%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| THE ILLINOIS STATE TOLL HIGHWAY AUTHORITY                                        | ILLINOIS STATE TOLL HIGHWAY AUTHORITY 5.0% 01-01-29                                                  | CUSIP: 452252QH5<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    600000 | PA      | $643439.40    | 0.03%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH                                                            | ILLINOIS HOUSING DEVELOPMENT AUTHORITY GNMA/FNMA/FHLMC 6.0% 10-01-54                                 | CUSIP: 45203MWL1<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    510000 | PA      | $552648.75    | 0.02%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| IDAHO HOUSING AND FINANCE ASSOCIATION                                            | IDAHO HOUSING & FINANCE ASSOCIATION GNMA/FNMA/FHLMC 6.0% 07-01-54                                    | CUSIP: 45129Y5K8<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2673341.83   | 0.12%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH                                                            | RAVINE REDEVELOPMENT LLC FHA 542 (C) (MPT) 3.6% 08-01-32                                             | CUSIP: 45202BSG2<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1187087.23   | 0.05%             | 2032-08-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| IOWA STUDENT LOAN LIQUIDITY CORP                                                 | IOWA STUDENT LOAN LIQUIDITY CORP 5.0% 12-01-28                                                       | CUSIP: 462590PC8<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |    585000 | PA      | $611932.82    | 0.03%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH                                                            | WALDEN OAKS PRESERVATION LLC HUD SECT 8 FHA 221(D)(4) (MPT) 5.0% 10-01-27                            | CUSIP: 45203LET6<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1472153.10   | 0.07%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH                                                            | ILLINOIS HOUSING DEVELOPMENT AUTHORITY GNMA/FNMA/FHLMC 6.0% 10-01-55                                 | CUSIP: 45203MF55<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   5170000 | PA      | $5748305.86   | 0.26%             | 2055-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                                       | STATE OF ILLINOIS WATER REVOLVING FUND - CLEAN WATER PROGRAM 5.0% 01-01-30                           | CUSIP: 45204FD85<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1326500.01   | 0.06%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INGLEWOOD CALIF UNI SCH DIST                                                     | INGLEWOOD UNIFIED SCHOOL DISTRICT 5.0% 08-01-31                                                      | CUSIP: 457110NV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $787647.00    | 0.04%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INGLEWOOD CALIF UNI SCH DIST                                                     | INGLEWOOD UNIFIED SCHOOL DISTRICT 5.0% 08-01-30                                                      | CUSIP: 457110NU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $193501.70    | 0.01%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FINANCE AUTHORITY                                                     | INDIANA UNIVERSITY HEALTH INC OBLIGATED GROUP (MPT) 5.0% 10-01-63                                    | CUSIP: 45470YGE5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1936786.25   | 0.09%             | 2063-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FINANCE AUTHORITY                                                     | INDIANA UNIVERSITY HEALTH INC OBLIGATED GROUP (MPT) 5.0% 10-01-64                                    | CUSIP: 45470YGD7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2745000 | PA      | $2959280.19   | 0.13%             | 2064-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA HEALTH FACILITY FINANCING AUTHORITY                                      | ASCENSION HEALTH CREDIT GROUP 5.0% 11-15-36                                                          | CUSIP: 454798UU1<br>LEI: 549300P2SI60HN6M7V39 | Long             | DBT              | MUN               | US        |    920000 | PA      | $921019.36    | 0.04%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INLIVIAN                                                                         | CENTRAL AT OLD CONCORD LP (MPT) 3.3% 11-10-43                                                        | CUSIP: 45753CAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1915000 | PA      | $1930220.42   | 0.09%             | 2043-11-10      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                                       | MIDWESTERN UNIVERSITY FOUNDATION 5.0% 07-01-31                                                       | CUSIP: 45204FJ97<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    190000 | PA      | $202754.32    | 0.01%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                                       | MIDWESTERN UNIVERSITY FOUNDATION 4.25% 07-01-41                                                      | CUSIP: 45204FK46<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    470000 | PA      | $477549.14    | 0.02%             | 2041-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                                       | MIDWESTERN UNIVERSITY FOUNDATION 5.0% 07-01-29                                                       | CUSIP: 45204FJ71<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    270000 | PA      | $283365.00    | 0.01%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA STUDENT LOAN LIQUIDITY CORP                                                 | IOWA STUDENT LOAN LIQUIDITY CORP 5.0% 12-01-31                                                       | CUSIP: 462590PP9<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |    725000 | PA      | $778966.10    | 0.04%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA STUDENT LOAN LIQUIDITY CORP                                                 | IOWA STUDENT LOAN LIQUIDITY CORP 5.0% 12-01-30                                                       | CUSIP: 462590PN4<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |    720000 | PA      | $766857.60    | 0.03%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA STUDENT LOAN LIQUIDITY CORP                                                 | IOWA STUDENT LOAN LIQUIDITY CORP 4.5% 12-01-45                                                       | CUSIP: 462590PU8<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1194341.80   | 0.05%             | 2045-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| IOWA STUDENT LOAN LIQUIDITY CORP                                                 | IOWA STUDENT LOAN LIQUIDITY CORP 5.0% 12-01-32                                                       | CUSIP: 462590PQ7<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |    725000 | PA      | $782073.45    | 0.04%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA HOUSING & COMMUNITY DEVELOPMENT AUTHORITY                                | CUMBERLAND CROSSING FISHERS LP (MPT) 2.9% 03-01-29                                                   | CUSIP: 45506CBV8<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1766767.48   | 0.08%             | 2029-03-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| ILLINOIS (STATE OF)                                                              | STATE OF ILLINOIS 5.25% 09-01-32                                                                     | CUSIP: 452153NS4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3407496.00   | 0.15%             | 2032-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INDIANA HEALTH FACILITY FINANCING AUTHORITY                                      | ASCENSION HEALTH CREDIT GROUP 5.0% 11-15-36                                                          | CUSIP: 454798UT4<br>LEI: 549300P2SI60HN6M7V39 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15009.83     | 0.00%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| THE ILLINOIS STATE TOLL HIGHWAY AUTHORITY                                        | ILLINOIS STATE TOLL HIGHWAY AUTHORITY 5.0% 01-01-40                                                  | CUSIP: 452252KS7<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1276157.70   | 0.06%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND                                                                 | CITY OF INDIANAPOLIS DEPARTMENT OF PUBLIC UTILITIES WATER SYSTEM REVENUE 5.0% 10-01-28               | CUSIP: 455412AL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4075428.00   | 0.18%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORMER INGLEWOOD CALIF REDEV AGY SUCCESSOR                                       | INGLEWOOD REDEVELOPMENT AGENCY SUCCESSOR AGENCY BAM 5.0% 05-01-28                                    | CUSIP: 34637QAL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1543333.06   | 0.07%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                                       | UNIVERSITY OF CHICAGO MEDICAL CENTER OBLIGATED GROUP FRN 08-01-44                                    | CUSIP: 45200F6J3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2200000.00   | 0.10%             | 2044-08-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN                                                      | MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION RESIDENTIAL REVENUE 3.75% 03-01-50                     | CUSIP: 57419TGV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $445075.21    | 0.02%             | 2050-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSPORTATION AUTHORITY                                            | METROPOLITAN TRANSPORTATION AUTHORITY (MPT) 5.0% 11-15-45                                            | CUSIP: 59261AG68<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3251553.00   | 0.15%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD HSG                                                               | MONTANA BOARD OF HOUSING 4.0% 12-01-50                                                               | CUSIP: 61212WKN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $523226.60    | 0.02%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY                                     | MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY 3.5% 12-01-50                                           | CUSIP: 594654JK2<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   2115000 | PA      | $2106391.95   | 0.09%             | 2050-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                         | MINNESOTA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 3.5% 07-01-50                                       | CUSIP: 60416S6S4<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    565000 | PA      | $562691.41    | 0.03%             | 2050-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MARYLAND STATE TRANSPORTATION AUTHORITY                                          | MARYLAND STATE TRANSPORTATION AUTHORITY 5.0% 07-01-26                                                | CUSIP: 574300LX5<br>LEI: 254900MKNK0MO0Z4X426 | Long             | DBT              | MUN               | US        |    320000 | PA      | $324923.84    | 0.01%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMN                                                        | MISSOURI HOUSING DEVELOPMENT COMMISSION GNMA/FNMA/FHLMC 3.5% 11-01-50                                | CUSIP: 60637BZD5<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    540000 | PA      | $537795.18    | 0.02%             | 2050-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN                                                      | MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION 3.25% 09-01-50                                         | CUSIP: 57419TLT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2605000 | PA      | $2582792.38   | 0.12%             | 2050-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD HSG                                                               | MONTANA BOARD OF HOUSING 3.0% 12-01-50                                                               | CUSIP: 61212WLT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $607503.15    | 0.03%             | 2050-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMN                                                        | MISSOURI HOUSING DEVELOPMENT COMMISSION GNMA/FNMA/FHLMC 3.25% 05-01-51                               | CUSIP: 60637BB41<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   2320000 | PA      | $2298396.16   | 0.10%             | 2051-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                         | MINNESOTA HOUSING FINANCE AGENCY 3.0% 01-01-51                                                       | CUSIP: 60416TCR7<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   2395000 | PA      | $2363314.15   | 0.11%             | 2051-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN                                                      | MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION 3.0% 09-01-51                                          | CUSIP: 57419TQH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2441137.05   | 0.11%             | 2051-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                         | MINNESOTA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 3.0% 07-01-51                                       | CUSIP: 60416TEB0<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    410000 | PA      | $403071.82    | 0.02%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMN                                                        | MISSOURI HOUSING DEVELOPMENT COMMISSION GNMA/FNMA/FHLMC 3.0% 05-01-52                                | CUSIP: 60637BF21<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    730000 | PA      | $718940.50    | 0.03%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HEALTH & EDL FACS AUTH                                               | BJC HEALTHCARE OBLIGATED GROUP (MPT) 4.0% 05-01-51                                                   | CUSIP: 60637ATQ5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005264.00   | 0.05%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSPORTATION AUTHORITY                                            | METROPOLITAN TRANSPORTATION AUTHORITY AG (MPT) FRN 11-01-32                                          | CUSIP: 59261AL54<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30007.05     | 0.00%             | 2032-11-01      | Variable      | 3.66%                 | No            |                  2 | On Loan: No      |
| MEDINA VALLEY TEX INDPT SCH DIST                                                 | MEDINA VALLEY INDEPENDENT SCHOOL DISTRICT PSF-GTD (MPT) 0.82% 02-15-51                               | CUSIP: 584887SX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $599523.54    | 0.03%             | 2051-02-15      | Fixed         | 0.82%                 | No            |                  2 | On Loan: No      |
| MAINE FIN AUTH                                                                   | FINANCE AUTHORITY OF MAINE AG 5.0% 12-01-25                                                          | CUSIP: 56042TCC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75073.20     | 0.00%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                         | MINNESOTA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 3.0% 01-01-52                                       | CUSIP: 60416TFM5<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3050604.60   | 0.14%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                                                   | MAIN STREET NATURAL GAS INC 5.5% 09-15-28                                                            | CUSIP: 56036YDK8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1586259.00   | 0.07%             | 2028-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE                      | METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE 5.0% 10-01-26                            | CUSIP: 592647JV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1526442.00   | 0.07%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE                      | METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE 5.0% 10-01-28                            | CUSIP: 592647JX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1589209.50   | 0.07%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST TRANSPORTATION FUND REVENUE                                     | COMMONWEALTH OF MASSACHUSETTS TRANSPORTATION FUND REVENUE 5.0% 06-01-26                              | CUSIP: 57604THS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $354686.50    | 0.02%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS EDL FING AUTH                                                      | MASSACHUSETTS EDUCATIONAL FINANCING AUTHORITY 2.0% 07-01-37                                          | CUSIP: 57563RSJ9<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |    145000 | PA      | $120371.32    | 0.01%             | 2037-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUNICIPAL ELEC AUTH                                                      | MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA AG 5.0% 01-01-27                                             | CUSIP: 62620HAE2<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    220000 | PA      | $226146.58    | 0.01%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUNICIPAL ELEC AUTH                                                      | MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA AG 5.0% 01-01-26                                             | CUSIP: 62620HAD4<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    280000 | PA      | $281013.32    | 0.01%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUNICIPAL ELEC AUTH                                                      | POWERSOUTH ENERGY COOPERATIVE 5.0% 01-01-26                                                          | CUSIP: 6262076Q2<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200445.80    | 0.01%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUNICIPAL ELEC AUTH                                                      | POWERSOUTH ENERGY COOPERATIVE 5.0% 01-01-27                                                          | CUSIP: 6262076R0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    200000 | PA      | $203627.20    | 0.01%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN                                                      | MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION 3.0% 09-01-51                                          | CUSIP: 57419TTP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $767277.42    | 0.03%             | 2051-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS EDL FING AUTH                                                      | MASSACHUSETTS EDUCATIONAL FINANCING AUTHORITY 3.625% 07-01-38                                        | CUSIP: 57563RTD1<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2044392.48   | 0.09%             | 2038-07-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MINNESOTA (STATE OF)                                                             | STATE OF MINNESOTA 5.0% 08-01-28                                                                     | CUSIP: 60412AYU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $533475.50    | 0.02%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN                                       | MINNEAPOLIS-ST PAUL METROPOLITAN AIRPORTS COMMISSION 5.0% 01-01-26                                   | CUSIP: 603827J31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $882723.60    | 0.04%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                         | MINNESOTA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 5.75% 07-01-53                                      | CUSIP: 60416TQ68<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    825000 | PA      | $874096.58    | 0.04%             | 2053-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                         | MINNESOTA HOUSING FINANCE AGENCY 3.5% 01-01-46                                                       | CUSIP: 60416SMZ0<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |     60000 | PA      | $59933.04     | 0.00%             | 2046-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER & EXPOSITION AUTH (HYATT REGENCY MCCORMICK PL)                 | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND 5.0% 12-15-27                               | CUSIP: 592250FG4<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2593867.50   | 0.12%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                     | CITY OF NEW YORK NY 5.0% 08-01-32                                                                    | CUSIP: 64966SFV3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5570000 | PA      | $6352740.96   | 0.29%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                     | CITY OF NEW YORK NY 5.0% 08-01-31                                                                    | CUSIP: 64966SFU5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1910927.50   | 0.09%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO MTG FIN AUTH                                                          | NM MFA SFM AMT PAC (100-500) PSA 16A-2 SF 3.5% 03-01-46                                              | CUSIP: 6472004R2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $139333.60    | 0.01%             | 2046-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NORTHWEST TEX INDPT SCH DIST                                                     | NORTHWEST INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-26                                          | CUSIP: 667826FK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $603789.00    | 0.03%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY                                                       | WEAVER-PFM PORTFOLIO (MPT) 4.0% 03-01-28                                                             | CUSIP: 65821BAN5<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   2680000 | PA      | $2709485.36   | 0.12%             | 2028-03-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH TEXAS HIGHER EDUCATION AUTHORITY INC                                       | NORTH TEXAS HIGHER EDUCATION AUTHORITY INC 4.125% 06-01-45                                           | CUSIP: 66286UAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $556354.94    | 0.03%             | 2045-06-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTH FUTURE TAX SEC REV                       | NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE FRN 02-01-45                 | CUSIP: 64971WUM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7000000.00   | 0.32%             | 2045-02-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                                                      | NORTH DAKOTA HOUSING FINANCE AGENCY 4.0% 01-01-47                                                    | CUSIP: 658909KZ8<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    850000 | PA      | $849592.85    | 0.04%             | 2047-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY                                                       | NORTH CAROLINA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC (MPT) 3.2% 07-01-56                            | CUSIP: 65820BBB1<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   3760000 | PA      | $3758435.84   | 0.17%             | 2056-07-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY                                                       | NORTH CAROLINA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 6.25% 07-01-55                                 | CUSIP: 65820BBA3<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    915000 | PA      | $1004777.97   | 0.05%             | 2055-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTH FUTURE TAX SEC REV                       | NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE 5.0% 05-01-30                | CUSIP: 64972JLU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1796714.77   | 0.08%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY ACT                      | GRANITE EDVANCE CORP 4.0% 11-01-44                                                                   | CUSIP: 64461XKM6<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    480000 | PA      | $464671.20    | 0.02%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY ACT                      | GRANITE EDVANCE CORP 5.0% 11-01-29                                                                   | CUSIP: 64461XKF1<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    750000 | PA      | $791136.00    | 0.04%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                                                      | NORTH DAKOTA HOUSING FINANCE AGENCY 6.0% 07-01-55                                                    | CUSIP: 65889BBC7<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    275000 | PA      | $306182.80    | 0.01%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEVADA HOUSING DIVISION                                                          | 1244 CARVILLE DRIVE LLC HUD SECT 8 (MPT) 5.0% 07-01-28                                               | CUSIP: 641272HR3<br>LEI: 549300RE377OK3CTT852 | Long             | DBT              | MUN               | US        |    745000 | PA      | $768393.00    | 0.03%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP                                                   | 8 SPRUCE NY OWNER LLC 4.0% 12-15-31                                                                  | CUSIP: 64966TGV0<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    110000 | PA      | $112826.23    | 0.01%             | 2031-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP                                                   | NEW YORK CITY HOUSING DEVELOPMENT CORP (MPT) 3.4% 11-01-64                                           | CUSIP: 64972KGU3<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   6185000 | PA      | $6218176.34   | 0.28%             | 2064-11-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| DORMITORY AUTHORITY OF STATE OF NEW YORK                                         | STATE OF NEW YORK SALES TAX REVENUE 5.0% 03-15-30                                                    | CUSIP: 64990AWB7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2341075.72   | 0.11%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                                                      | NORTH DAKOTA HOUSING FINANCE AGENCY 3.5% 07-01-46                                                    | CUSIP: 658877FQ3<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    325000 | PA      | $324199.85    | 0.01%             | 2046-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| OREGON (STATE OF)                                                                | STATE OF OREGON 4.0% 12-01-45                                                                        | CUSIP: 68609BPG6<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |     75000 | PA      | $75002.33     | 0.00%             | 2045-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH POLLUTION CONTROL LOAN FUND                                 | OHIO WATER DEVELOPMENT AUTHORITY WATER POLLUTION CONTROL LOAN FUND 5.0% 06-01-28                     | CUSIP: 67766WL42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $770222.60    | 0.03%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF OHIO                                                                    | STATE OF OHIO 4.0% 03-01-26                                                                          | CUSIP: 677523GX4<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    940000 | PA      | $943860.58    | 0.04%             | 2026-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HSG FIN AGY                                                             | OKLAHOMA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 6.0% 09-01-54                                        | CUSIP: 67886MG94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $1042609.80   | 0.05%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                                      | HCFW HOUSING LP HUD SECT 8 (MPT) 5.0% 04-01-27                                                       | CUSIP: 676900WP4<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1309562.80   | 0.06%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HSG FIN AGY                                                             | OKLAHOMA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 6.25% 09-01-55                                       | CUSIP: 67886ML56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $842730.25    | 0.04%             | 2055-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HSG FIN AGY                                                             | OKLAHOMA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 6.0% 03-01-56                                        | CUSIP: 67886MP94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $2051065.40   | 0.09%             | 2056-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                                      | OHIO HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 4.0% 03-01-47                                            | CUSIP: 67756QPJ0<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    105000 | PA      | $105112.14    | 0.00%             | 2047-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ORLANDO FLA UTILS COMMN                                                          | ORLANDO UTILITIES COMMISSION 5.0% 10-01-31                                                           | CUSIP: 686507LJ1<br>LEI: 549300EJR7JVMRXL5D66 | Long             | DBT              | MUN               | US        |    500000 | PA      | $568030.00    | 0.03%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORLANDO FLA UTILS COMMN                                                          | ORLANDO UTILITIES COMMISSION 5.0% 10-01-32                                                           | CUSIP: 686507LK8<br>LEI: 549300EJR7JVMRXL5D66 | Long             | DBT              | MUN               | US        |    500000 | PA      | $576347.00    | 0.03%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO AIR QUALITY DEVELOPMENT AUTHORITY                                           | AMERICAN ELECTRIC POWER CO INC 3.7% 07-01-28                                                         | CUSIP: 677525WW3<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1965000 | PA      | $1965575.75   | 0.09%             | 2028-07-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| OHIO AIR QUALITY DEVELOPMENT AUTHORITY                                           | AMERICAN ELECTRIC POWER CO INC 3.7% 04-01-28                                                         | CUSIP: 677525WX1<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1695255.95   | 0.08%             | 2028-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| OHIO AIR QUALITY DEVELOPMENT AUTHORITY                                           | AMERICAN ELECTRIC POWER CO INC 3.75% 01-01-29                                                        | CUSIP: 677525WZ6<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002967.00   | 0.05%             | 2029-01-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| OREGON ST HSG & CMNTY SVCS DEPT                                                  | STATE OF OREGON HOUSING & COMMUNITY SERVICES DEPARTMENT GNMA/FNMA/FHLMC 6.5% 07-01-54                | CUSIP: 6860875V5<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |    585000 | PA      | $649373.40    | 0.03%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                                      | BEECHWOOD RAD LLC HUD SECT 8 FHA 221(D)(4) (MPT) 3.37% 03-01-28                                      | CUSIP: 676900XK4<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2358974.65   | 0.11%             | 2028-03-01      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| OREGON STATE LOTTERY                                                             | OREGON STATE LOTTERY 5.0% 04-01-29                                                                   | CUSIP: 68607V6B6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2735000 | PA      | $2957021.83   | 0.13%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON (STATE OF)                                                                | STATE OF OREGON 5.0% 08-01-29                                                                        | CUSIP: 68609USC0<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1700111.40   | 0.08%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON (STATE OF)                                                                | STATE OF OREGON 5.0% 08-01-30                                                                        | CUSIP: 68609URH0<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1669213.50   | 0.08%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                                      | COMMUNITY PENDLETON PRESERVATION ASSOCIATES LP (MPT) 3.4% 07-01-42                                   | CUSIP: 676900XT5<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1305760.30   | 0.06%             | 2042-07-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                                      | OHIO HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC COLL 3.5% 09-01-46                                       | CUSIP: 67756QTT4<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    210000 | PA      | $209383.02    | 0.01%             | 2046-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                                      | OHIO HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 6.5% 03-01-56                                            | CUSIP: 67756UDQ8<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4916873.70   | 0.22%             | 2056-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STATE OF OHIO                                                                    | UNIVERSITY HOSPITALS HEALTH SYSTEM INC OBLIGATED GROUP 5.0% 01-15-27                                 | CUSIP: 67756CGH5<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1793564.37   | 0.08%             | 2027-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF OHIO                                                                    | UNIVERSITY HOSPITALS HEALTH SYSTEM INC OBLIGATED GROUP 5.0% 01-15-31                                 | CUSIP: 67756CGM4<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   4125000 | PA      | $4480393.50   | 0.20%             | 2031-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO HIGHER EDUCATIONAL FACILITY COMMISSION                                      | OTTERBEIN HOMES OBLIGATED GROUP 4.0% 07-01-29                                                        | CUSIP: 677510BS7<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    515000 | PA      | $528661.41    | 0.02%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                                      | SETON SQUARE PORTSMOUTH LP (MPT) 5.0% 10-01-28                                                       | CUSIP: 676900XR9<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   3140000 | PA      | $3243767.58   | 0.15%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON (STATE OF)                                                                | STATE OF OREGON 5.0% 11-01-27                                                                        | CUSIP: 68609UVE2<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   2770000 | PA      | $2902367.22   | 0.13%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA TURNPIKE AUTHORITY                                                      | OKLAHOMA TURNPIKE AUTHORITY 5.0% 01-01-42                                                            | CUSIP: 679111WS9<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1204118.40   | 0.05%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HOUSING FINANCE AGENCY                                                | DEL SUR FAMILY HOUSING LP (MPT) 5.0% 05-01-54                                                        | CUSIP: 13034DAC8<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    695000 | PA      | $704567.37    | 0.03%             | 2054-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO MIDWAY INTERNATIONAL AIRPORT                                             | CHICAGO MIDWAY INTERNATIONAL AIRPORT 5.0% 01-01-28                                                   | CUSIP: 167562SZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4045000 | PA      | $4202625.56   | 0.19%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO MIDWAY INTERNATIONAL AIRPORT                                             | CHICAGO MIDWAY INTERNATIONAL AIRPORT 5.0% 01-01-27                                                   | CUSIP: 167562SY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4593487.50   | 0.21%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                                 | EPISCOPAL COMMUNITIES & SERVICES FOR SENIORS OBLIGATED GROUP 3.85% 11-15-27                          | CUSIP: 13032UJ82<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    110000 | PA      | $110129.14    | 0.00%             | 2027-11-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                                  | CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 05-01-54                                  | CUSIP: 13013JDR4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3950000 | PA      | $4304761.35   | 0.19%             | 2054-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON HIGHER EDUCATION FINANCE CORP                                            | INTERNATIONAL LEADERSHIP OF TEXAS INC PSF-GTD 5.0% 08-15-29                                          | CUSIP: 187145SG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1424376.33   | 0.06%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON HIGHER EDUCATION FINANCE CORP                                            | INTERNATIONAL LEADERSHIP OF TEXAS INC PSF-GTD 5.0% 08-15-30                                          | CUSIP: 187145SH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2270000 | PA      | $2478731.04   | 0.11%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON HIGHER EDUCATION FINANCE CORP                                            | INTERNATIONAL LEADERSHIP OF TEXAS INC PSF-GTD 5.0% 08-15-27                                          | CUSIP: 187145SE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1454808.60   | 0.07%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CASS CNTY N D JT WTR RES DIST                                                    | CASS COUNTY JOINT WATER RESOURCE DISTRICT CNTY GTD 3.45% 04-01-27                                    | CUSIP: 14805PBA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6290000 | PA      | $6290540.94   | 0.28%             | 2027-04-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH                                                      | REPUBLIC SERVICES INC (MPT) 3.875% 03-01-54                                                          | CUSIP: 13048RAP2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2767017.00   | 0.12%             | 2054-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT STATE HIGHER EDUCATION SUPPLEMENT LOAN AUTHORITY                     | CONNECTICUT STATE HIGHER EDUCATION SUPPLEMENT LOAN AUTHORITY 4.125% 11-15-40                         | CUSIP: 207743XZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1123796.42   | 0.05%             | 2040-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CLIFTON HIGHER EDUCATION FINANCE CORP                                            | IDEA PUBLIC SCHOOLS PSF-GTD 5.0% 08-15-26                                                            | CUSIP: 187145TP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $609937.20    | 0.03%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COOK CNTY ILL SALES TAX REV                                                      | COUNTY OF COOK IL SALES TAX REVENUE 5.0% 11-15-28                                                    | CUSIP: 213248EB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067096.00   | 0.05%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE UNIVERSITY                                                      | CALIFORNIA STATE UNIVERSITY (MPT) 0.55% 11-01-49                                                     | CUSIP: 13077C4K7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $921445.88    | 0.04%             | 2049-11-01      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                                  | CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 01-01-55                                  | CUSIP: 13013JEA0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1950049.00   | 0.09%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WATER SYSTEM                                                          | CITY OF CHICAGO IL WATERWORKS REVENUE 5.0% 11-01-30                                                  | CUSIP: 167736Y35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1105182.42   | 0.05%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WATER SYSTEM                                                          | CITY OF CHICAGO IL WATERWORKS REVENUE 5.0% 11-01-29                                                  | CUSIP: 167736Y27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2575000 | PA      | $2783013.65   | 0.13%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HOUSING AND FINANCE AUTHORITY                                           | COLORADO HOUSING AND FINANCE AUTHORITY 3.1% 10-01-27                                                 | CUSIP: 19648GRH7<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   5295000 | PA      | $5317207.23   | 0.24%             | 2027-10-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                                  | CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 08-01-55                                  | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   4465000 | PA      | $4793048.02   | 0.22%             | 2055-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLOVIS CALIF UNI SCH DIST                                                        | CLOVIS UNIFIED SCHOOL DISTRICT NATL 0.0% 08-01-27                                                    | CUSIP: 189342TP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1291203.45   | 0.06%             | 2027-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CANYONS MET DIST NO 5 COLO                                                       | CANYONS METROPOLITAN DISTRICT NO 5 BAM 5.0% 12-01-33                                                 | CUSIP: 139071AN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $281791.00    | 0.01%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CANYONS MET DIST NO 5 COLO                                                       | CANYONS METROPOLITAN DISTRICT NO 5 BAM 5.0% 12-01-31                                                 | CUSIP: 139071AL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $221193.00    | 0.01%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CANYONS MET DIST NO 5 COLO                                                       | CANYONS METROPOLITAN DISTRICT NO 5 BAM 5.0% 12-01-28                                                 | CUSIP: 139071AH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $211274.60    | 0.01%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CANYONS MET DIST NO 5 COLO                                                       | CANYONS METROPOLITAN DISTRICT NO 5 BAM 5.0% 12-01-32                                                 | CUSIP: 139071AM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $279554.50    | 0.01%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CANYONS MET DIST NO 5 COLO                                                       | CANYONS METROPOLITAN DISTRICT NO 5 BAM 5.0% 12-01-29                                                 | CUSIP: 139071AJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $214847.40    | 0.01%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CANYONS MET DIST NO 5 COLO                                                       | CANYONS METROPOLITAN DISTRICT NO 5 BAM 5.0% 12-01-34                                                 | CUSIP: 139071AP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $283378.00    | 0.01%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL O HARE INTL ARPT                                                     | CHICAGO O'HARE INTERNATIONAL AIRPORT 5.0% 01-01-31                                                   | CUSIP: 1675935P3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1206664.35   | 0.05%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                                  | CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 02-01-55                                  | CUSIP: 13013JFR2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   8345000 | PA      | $9127861.14   | 0.41%             | 2055-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                                  | CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 11-01-55                                  | CUSIP: 13013JFS0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068827.00   | 0.05%             | 2055-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALACHUA COUNTY HEALTH FACILITIES AUTHORITY                                       | OAK HAMMOCK AT THE UNIVERSITY OF FLORIDA OBLIGATED GROUP 3.625% 10-01-30                             | CUSIP: 010684BQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $520929.24    | 0.02%             | 2030-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ARLINGTON CNTY VA INDL DEV AUTH                                                  | AHC GOODWILL 4 LLC (MPT) 2.95% 09-01-49                                                              | CUSIP: 04144PDX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2116523.38   | 0.10%             | 2049-09-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX (CITY OF)                                                              | CITY OF AUSTIN TX 5.0% 09-01-31                                                                      | CUSIP: 0523973H7<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   4175000 | PA      | $4718939.88   | 0.21%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRAL PUGET SOUND REGIONAL TRANSPORTATION AUTHORITY WA                         | CENTRAL PUGET SOUND REGIONAL TRANSIT AUTH SALES MOTOR VEHICLE & RENTAL CAR TAX 5.0% 11-01-25         | CUSIP: 155048CX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $885000.00    | 0.04%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH                                                      | CONNECTICUT HOUSING FINANCE AUTHORITY 4.0% 11-15-47                                                  | CUSIP: 20775CQB3<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    705000 | PA      | $705738.14    | 0.03%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH                                                      | CONNECTICUT HOUSING FINANCE AUTHORITY 4.0% 11-15-47                                                  | CUSIP: 20775CTX2<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    350000 | PA      | $350293.65    | 0.02%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WATER SYSTEM                                                          | CITY OF CHICAGO IL WATERWORKS REVENUE 5.0% 11-01-25                                                  | CUSIP: 167736K30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $285000.00    | 0.01%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH                                                      | CONNECTICUT HOUSING FINANCE AUTHORITY GNMA/FNMA/FHLMC 4.0% 11-15-47                                  | CUSIP: 20775CVJ0<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    435000 | PA      | $435452.40    | 0.02%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HOUSING AND FINANCE AUTHORITY                                           | COLORADO HOUSING AND FINANCE AUTHORITY GNMA COLL 4.0% 05-01-48                                       | CUSIP: 196479E62<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    240000 | PA      | $240396.48    | 0.01%             | 2048-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WATER SYSTEM                                                          | CITY OF CHICAGO IL WATERWORKS REVENUE AG 5.0% 11-01-31                                               | CUSIP: 167736P35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2386148.80   | 0.11%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA DEPARTMENT OF WATER RESOURCES                                         | STATE OF CALIFORNIA DEPARTMENT OF WATER RESOURCES 5.0% 12-01-33                                      | CUSIP: 13067WNY4<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |    245000 | PA      | $258792.52    | 0.01%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH                                                      | CONNECTICUT HOUSING FINANCE AUTHORITY 4.0% 11-15-41                                                  | CUSIP: 20775CZE7<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    610000 | PA      | $609793.82    | 0.03%             | 2041-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HOUSING AND FINANCE AUTHORITY                                           | COLORADO HOUSING AND FINANCE AUTHORITY GNMA COLL 4.0% 11-01-48                                       | CUSIP: 196479N96<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    225000 | PA      | $225468.00    | 0.01%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HOUSING AND FINANCE AUTHORITY                                           | COLORADO HOUSING AND FINANCE AUTHORITY GNMA COLL 4.25% 11-01-48                                      | CUSIP: 196479S59<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    305000 | PA      | $306668.35    | 0.01%             | 2048-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH                                                      | CONNECTICUT HOUSING FINANCE AUTHORITY GNMA/FNMA/FHLMC 4.25% 05-15-42                                 | CUSIP: 20775CN34<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    445000 | PA      | $447419.91    | 0.02%             | 2042-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| COLORADO HOUSING AND FINANCE AUTHORITY                                           | COLORADO HOUSING AND FINANCE AUTHORITY GNMA COLL 4.25% 05-01-49                                      | CUSIP: 1964792D0<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   2230000 | PA      | $2242962.99   | 0.10%             | 2049-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD ED                                                                | CHICAGO BOARD OF EDUCATION AG 5.0% 12-01-27                                                          | CUSIP: 167505VT0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $2011157.85   | 0.09%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HOUSING AND FINANCE AUTHORITY                                           | COLORADO HOUSING AND FINANCE AUTHORITY 4.25% 05-01-49                                                | CUSIP: 1964793F4<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    455000 | PA      | $458303.76    | 0.02%             | 2049-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA (STATE OF)                                                            | STATE OF CALIFORNIA 4.0% 12-01-49                                                                    | CUSIP: 13063DND6<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    865000 | PA      | $869178.82    | 0.04%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA (STATE OF)                                                            | STATE OF CALIFORNIA 5.0% 04-01-29                                                                    | CUSIP: 13063DPH5<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    120000 | PA      | $130191.84    | 0.01%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA INCOME TAX REV                                                 | DISTRICT OF COLUMBIA INCOME TAX REVENUE 5.0% 10-01-26                                                | CUSIP: 25477GPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3385000 | PA      | $3456037.61   | 0.16%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DEL VALLE TEX INDPT SCH DIST                                                     | DEL VALLE INDEPENDENT SCHOOL DISTRICT TX PSF-GTD 5.0% 06-15-26                                       | CUSIP: 245505UX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013643.00   | 0.05%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DEL MAR COLLEGE DISTRICT                                                         | DEL MAR COLLEGE DISTRICT 5.0% 08-15-26                                                               | CUSIP: 245176JD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $340417.29    | 0.02%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA WATER AND SEWER AUTHORITY                                   | DISTRICT OF COLUMBIA WATER & SEWER AUTHORITY (MPT) 3.0% 10-01-57                                     | CUSIP: 254845TJ9<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3962388.00   | 0.18%             | 2057-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CITY & COUNTY OF DENVER CO AIRPORT SYSTEM REVENUE                                | CITY & COUNTY OF DENVER CO AIRPORT SYSTEM REVENUE 5.0% 11-15-28                                      | CUSIP: 249182RB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $133839.50    | 0.01%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY & COUNTY OF DENVER CO AIRPORT SYSTEM REVENUE                                | CITY & COUNTY OF DENVER CO AIRPORT SYSTEM REVENUE 5.0% 11-15-28                                      | CUSIP: 249182QD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4778968.50   | 0.22%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY & COUNTY OF DENVER CO AIRPORT SYSTEM REVENUE                                | CITY & COUNTY OF DENVER CO AIRPORT SYSTEM REVENUE 5.0% 11-15-27                                      | CUSIP: 249182QC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1995000 | PA      | $2077794.50   | 0.09%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY & COUNTY OF DENVER CO AIRPORT SYSTEM REVENUE                                | CITY & COUNTY OF DENVER CO AIRPORT SYSTEM REVENUE 5.0% 11-15-29                                      | CUSIP: 249182QE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2158284.00   | 0.10%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF DALLAS HOUSING FINANCE CORP                                              | S ZANG LP (MPT) 3.5% 02-01-44                                                                        | CUSIP: 235298BR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $580020.88    | 0.03%             | 2044-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA HOUSING FINANCE AGENCY                                      | BENNING CORRIDOR TITLEHOLDER LLC (MPT) 2.95% 09-01-40                                                | CUSIP: 25477PPQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2539047.50   | 0.11%             | 2040-09-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| DENTON TEX INDPT SCH DIST                                                        | DENTON INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 08-15-27                                             | CUSIP: 249002LJ3<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1716353.10   | 0.08%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF DALLAS HOUSING FINANCE CORP                                              | ASH CREEK HOUSING LLC FHA 221(D4) (MPT) 5.0% 07-01-26                                                | CUSIP: 235298BS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $931305.72    | 0.04%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA HOUSING FINANCE AGENCY                                      | BARRY FARM BUILDING 1A LLC (MPT) 5.0% 12-01-28                                                       | CUSIP: 25477TAX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $722610.27    | 0.03%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF DALLAS HOUSING FINANCE CORP                                              | MONDELLO APARTMENTS LLC FHA 221(D4) (MPT) 5.0% 08-01-27                                              | CUSIP: 235298BV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $486112.32    | 0.02%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA (WASHINGTON DC)                                             | DISTRICT OF COLUMBIA 5.0% 08-01-30                                                                   | CUSIP: 25476FD21<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    490000 | PA      | $543884.32    | 0.02%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DICKSON HEALTH & EDUCATIONAL FACILITIES BOARD/TN                                 | DICKSON HEALTH & EDUCATIONAL FACILITIES BOARD (MPT) 3.0% 04-01-28                                    | CUSIP: 253514AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6495000 | PA      | $6493363.26   | 0.29%             | 2028-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA HOUSING FINANCE AGENCY                                      | BCP II LLC (MPT) 5.0% 03-01-29                                                                       | CUSIP: 25477TBB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1651898.70   | 0.07%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DECATUR HOUSING AUTHORITY                                                        | PHG PHILIPS LP (MPT) 3.25% 09-01-28                                                                  | CUSIP: 24311PAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1054057.20   | 0.05%             | 2028-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DELAWARE (STATE OF)                                                              | STATE OF DELAWARE 5.0% 07-01-28                                                                      | CUSIP: 246381QG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1071044.58   | 0.05%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA INCOME TAX REV                                                 | DISTRICT OF COLUMBIA INCOME TAX REVENUE 5.0% 06-01-32                                                | CUSIP: 25477GXY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $973266.15    | 0.04%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA INCOME TAX REV                                                 | DISTRICT OF COLUMBIA INCOME TAX REVENUE 5.0% 06-01-31                                                | CUSIP: 25477GXX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1795000 | PA      | $2023903.79   | 0.09%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE STATE ECONOMIC DEVELOPMENT AUTHORITY                                    | DELMARVA POWER & LIGHT CO 3.6% 01-01-31                                                              | CUSIP: 246387SX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1609887.24   | 0.07%             | 2031-01-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| CITY OF DALLAS HOUSING FINANCE CORP                                              | PALLADIUM BUCKNER STATION LTD (MPT) 3.05% 08-01-30                                                   | CUSIP: 235298CE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2900617.70   | 0.13%             | 2030-08-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| DEKALB COUNTY HOUSING AUTHORITY                                                  | TRANQUILITY AT DECATUR LP 3.23% 04-01-26                                                             | CUSIP: 240471PK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $529827.22    | 0.02%             | 2026-04-01      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| DENTON TEX INDPT SCH DIST                                                        | DENTON INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 08-15-27                                             | CUSIP: 249002NP7<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   2275000 | PA      | $2364396.13   | 0.11%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS AREA RAPID TRANSIT                                                        | DALLAS AREA RAPID TRANSIT 5.0% 12-01-33                                                              | CUSIP: 235241RQ1<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150257.10    | 0.01%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST HSG & FIN AUTH                                                        | GEORGIA HOUSING & FINANCE AUTHORITY 4.0% 12-01-47                                                    | CUSIP: 3735396T7<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |    235000 | PA      | $235047.71    | 0.01%             | 2047-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH FLA                                                | GREATER ORLANDO AVIATION AUTHORITY 5.0% 10-01-30                                                     | CUSIP: 392274W36<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1062347.93   | 0.05%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES WATER AUTHORITY SEWAGE DISPOSAL SYSTEM REVENUE                       | GREAT LAKES WATER AUTHORITY SEWAGE DISPOSAL SYSTEM REVENUE 5.0% 07-01-28                             | CUSIP: 39081HBY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $228271.52    | 0.01%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMN                                                        | MISSOURI HOUSING DEVELOPMENT COMMISSION GNMA/FNMA/FHLMC 3.0% 05-01-52                                | CUSIP: 60637BJ76<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   3075000 | PA      | $3028220.03   | 0.14%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD HSG                                                               | MONTANA BOARD OF HOUSING 3.0% 12-01-51                                                               | CUSIP: 61212WPF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $241488.91    | 0.01%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY                                     | MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY 3.0% 06-01-52                                           | CUSIP: 594654NX9<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   2320000 | PA      | $2283937.92   | 0.10%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST TRUNK LINE                                                           | STATE OF MICHIGAN TRUNK LINE REVENUE 5.0% 11-15-25                                                   | CUSIP: 5946952L1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $565379.68    | 0.03%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                         | MINNESOTA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 3.0% 07-01-52                                       | CUSIP: 60416TGW2<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   2720000 | PA      | $2671875.04   | 0.12%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUNICIPAL ELEC AUTH                                                      | MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA 4.0% 01-01-27                                                | CUSIP: 62620HBW1<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    270000 | PA      | $274133.70    | 0.01%             | 2027-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY OHIO                                                             | DAYTON CHILDREN'S HOSPITAL OBLIGATED GROUP 5.0% 08-01-29                                             | CUSIP: 613520NN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $188183.45    | 0.01%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMN                                                        | MISSOURI HOUSING DEVELOPMENT COMMISSION GNMA/FNMA/FHLMC 3.25% 11-01-52                               | CUSIP: 60637BN30<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    720000 | PA      | $712148.40    | 0.03%             | 2052-11-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MAINE STATE HOUSING AUTHORITY                                                    | MAINE STATE HOUSING AUTHORITY 3.0% 11-15-51                                                          | CUSIP: 56052FWS0<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |   3180000 | PA      | $3135289.20   | 0.14%             | 2051-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                                                   | MAIN STREET NATURAL GAS INC (MPT) 4.0% 07-01-52                                                      | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1267952.50   | 0.06%             | 2052-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST HSG FIN AGY                                                     | MASSACHUSETTS HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 3.0% 06-01-47                                   | CUSIP: 57587GLR4<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    635000 | PA      | $626071.90    | 0.03%             | 2047-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN                                                      | MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION RESIDENTIAL REVENUE 3.0% 09-01-51                      | CUSIP: 57419TVL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2767000 | PA      | $2722570.28   | 0.12%             | 2051-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                         | MINNESOTA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 3.0% 07-01-52                                       | CUSIP: 60416TLS5<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   2025000 | PA      | $1991520.68   | 0.09%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD HSG                                                               | MONTANA BOARD OF HOUSING 3.0% 06-01-52                                                               | CUSIP: 61212WQM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $994187.44    | 0.04%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MIAMI UNIV OHIO                                                                  | MIAMI UNIVERSITY 5.0% 09-01-27                                                                       | CUSIP: 593791KS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $598938.40    | 0.03%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                         | MINNESOTA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 3.0% 07-01-52                                       | CUSIP: 60416TPK8<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   3655000 | PA      | $3587623.73   | 0.16%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE                      | METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE 5.0% 10-01-27                            | CUSIP: 592647KY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $506929.99    | 0.02%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE                      | METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE 5.0% 10-01-26                            | CUSIP: 592647KX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2035256.00   | 0.09%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST HSG FIN AGY                                                     | MASSACHUSETTS HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 5.0% 06-01-50                                   | CUSIP: 57587GMV4<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    280000 | PA      | $289651.04    | 0.01%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY                                     | MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY 5.0% 06-01-53                                           | CUSIP: 594654RG2<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   2210000 | PA      | $2295794.41   | 0.10%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY                                     | MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY 5.5% 06-01-53                                           | CUSIP: 594654SG1<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   4725000 | PA      | $4972566.38   | 0.22%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER & EXPOSITION AUTH (HYATT REGENCY MCCORMICK PL)                 | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND 5.0% 12-15-27                               | CUSIP: 592250FF6<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    675000 | PA      | $676245.38    | 0.03%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN NASHVILLE AIRPORT AUTHORITY                                         | METROPOLITAN NASHVILLE AIRPORT AUTHORITY 5.0% 07-01-26                                               | CUSIP: 592190QF2<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    560000 | PA      | $566843.76    | 0.03%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN NASHVILLE AIRPORT AUTHORITY                                         | METROPOLITAN NASHVILLE AIRPORT AUTHORITY 5.0% 07-01-28                                               | CUSIP: 592190QH8<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1339923.00   | 0.06%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN NASHVILLE AIRPORT AUTHORITY                                         | METROPOLITAN NASHVILLE AIRPORT AUTHORITY 5.0% 07-01-29                                               | CUSIP: 592190QJ4<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1915000 | PA      | $2049187.88   | 0.09%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS CLEAN WATER TRUST                                                  | MASSACHUSETTS CLEAN WATER TRUST 5.0% 02-01-27                                                        | CUSIP: 575829JD9<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |    500000 | PA      | $515251.50    | 0.02%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS CLEAN WATER TRUST                                                  | MASSACHUSETTS CLEAN WATER TRUST 5.0% 02-01-27                                                        | CUSIP: 575829KV7<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |    750000 | PA      | $772877.25    | 0.03%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS CLEAN WATER TRUST                                                  | MASSACHUSETTS CLEAN WATER TRUST 5.0% 02-01-27                                                        | CUSIP: 575829JZ0<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |    500000 | PA      | $515251.50    | 0.02%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST HSG FIN AGY                                                     | MASSACHUSETTS HOUSING FINANCE AGENCY FHA INS HUD SECT 8 3.35% 06-01-27                               | CUSIP: 57587GUQ6<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1950444.60   | 0.09%             | 2027-06-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER & EXPOSITION AUTH (HYATT REGENCY MCCORMICK PL)                 | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND 5.0% 12-15-27                               | CUSIP: 592250CP7<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103754.70    | 0.00%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUNICIPAL ELEC AUTH                                                      | MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA 5.0% 01-01-28                                                | CUSIP: 6262074R2<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1346335.62   | 0.06%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUNICIPAL ELEC AUTH                                                      | MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA 4.0% 11-01-25                                                | CUSIP: 6262076G4<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 0.06%             | 2025-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMN                                                        | MISSOURI HOUSING DEVELOPMENT COMMISSION GNMA/FNMA/FHLMC 4.0% 11-01-45                                | CUSIP: 60637BGM6<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    220000 | PA      | $220000.00    | 0.01%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUNICIPAL ELEC AUTH                                                      | MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA AG 5.0% 07-01-29                                             | CUSIP: 62620HGW6<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    500000 | PA      | $539906.50    | 0.02%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUNICIPAL ELEC AUTH                                                      | JEA ELECTRIC SYSTEM REVENUE AG 5.0% 07-01-30                                                         | CUSIP: 62620HFZ0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    500000 | PA      | $549452.50    | 0.02%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUNICIPAL ELEC AUTH                                                      | MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA AG 5.0% 07-01-31                                             | CUSIP: 62620HGY2<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    500000 | PA      | $559010.00    | 0.03%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE SEAPORT DEPT                                                          | COUNTY OF MIAMI-DADE SEAPORT DEPARTMENT 5.0% 10-01-30                                                | CUSIP: 59335KEM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2670000 | PA      | $2889914.55   | 0.13%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY                                     | MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY 5.5% 12-01-53                                           | CUSIP: 594654TM7<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   4565000 | PA      | $4897688.07   | 0.22%             | 2053-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD HSG                                                               | MT SFM AMT PAC (100-500% PSA) 15B-2 SF 3.5% 12-01-42                                                 | CUSIP: 61212WBB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15004.31     | 0.00%             | 2042-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI BUSINESS FINANCE CORP                                                | CHEVRON USA INC FRN 06-01-43                                                                         | CUSIP: 60527EAA5<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |  14200000 | PA      | $14200000.00  | 0.64%             | 2043-06-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS EDL FING AUTH                                                      | MASSACHUSETTS EDUCATIONAL FINANCING AUTHORITY 4.25% 07-01-44                                         | CUSIP: 57563RTU3<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1243630.18   | 0.06%             | 2044-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                                                   | MAIN STREET NATURAL GAS INC (MPT) 5.0% 09-01-53                                                      | CUSIP: 56035DFK3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2465000 | PA      | $2638215.55   | 0.12%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY ARIZ INDL DEV AUTH                                                 | BANNER HEALTH OBLIGATED GROUP (MPT) 5.0% 01-01-53                                                    | CUSIP: 56682HDV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $475014.09    | 0.02%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI BUSINESS FINANCE CORP                                                | CHEVRON USA INC FRN 12-01-30                                                                         | CUSIP: 60528ABL7<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4300000.00   | 0.19%             | 2030-12-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY MD HSG OPPNTYS COMMN                                             | MONTGOMERY COUNTY HOUSING OPPORTUNITIES COMMISSION SINGLE FAMILY REVENUE 4.0% 07-01-48               | CUSIP: 6133493W7<br>LEI: 549300HDL0LLRHMDL092 | Long             | DBT              | MUN               | US        |    785000 | PA      | $785838.38    | 0.04%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE                      | METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE 5.0% 10-01-26                            | CUSIP: 592647EC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017628.00   | 0.05%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONAL FINANCE AUTH BUILDING AID REV                     | STATE OF NEW YORK ST AID WITHHLDG 5.0% 07-15-34                                                      | CUSIP: 64972LBB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1876590.87   | 0.08%             | 2034-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONAL FINANCE AUTH BUILDING AID REV                     | STATE OF NEW YORK ST AID WITHHLDG 5.0% 07-15-31                                                      | CUSIP: 64972LAY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3160000 | PA      | $3585159.04   | 0.16%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONAL FINANCE AUTH BUILDING AID REV                     | STATE OF NEW YORK ST AID WITHHLDG 5.0% 07-15-30                                                      | CUSIP: 64972LAX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3520000 | PA      | $3925162.56   | 0.18%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH TEXAS HIGHER EDUCATION AUTHORITY INC                                       | NORTH TEXAS HIGHER EDUCATION AUTHORITY INC 4.5% 06-01-46                                             | CUSIP: 66286UAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1396957.44   | 0.06%             | 2046-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NORTH TEXAS HIGHER EDUCATION AUTHORITY INC                                       | NORTH TEXAS HIGHER EDUCATION AUTHORITY INC 5.0% 06-01-32                                             | CUSIP: 66286UAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $240742.13    | 0.01%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DORMITORY AUTHORITY OF STATE OF NEW YORK                                         | STATE OF NEW YORK PERSONAL INCOME TAX REVENUE 5.0% 03-15-33                                          | CUSIP: 64990KHM8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   4090000 | PA      | $4733557.41   | 0.21%             | 2033-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DORMITORY AUTHORITY OF STATE OF NEW YORK                                         | STATE OF NEW YORK PERSONAL INCOME TAX REVENUE 5.0% 03-15-32                                          | CUSIP: 64990KHL0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2665000 | PA      | $3045079.64   | 0.14%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                     | CITY OF NEW YORK NY 5.0% 10-01-32                                                                    | CUSIP: 64966SQU3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4572664.00   | 0.21%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                     | CITY OF NEW YORK NY 5.0% 10-01-33                                                                    | CUSIP: 64966SQV1<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4624868.00   | 0.21%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                          | NEW YORK STATE HOUSING FINANCE AGENCY SONYMA (MPT) 3.2% 05-01-65                                     | CUSIP: 64987J7A3<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   5335000 | PA      | $5328896.76   | 0.24%             | 2065-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| DORMITORY AUTHORITY OF STATE OF NEW YORK                                         | STATE OF NEW YORK SALES TAX REVENUE 5.0% 03-15-31                                                    | CUSIP: 64990AXG5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   4205000 | PA      | $4734186.64   | 0.21%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DORMITORY AUTHORITY OF STATE OF NEW YORK                                         | STATE OF NEW YORK SALES TAX REVENUE 5.0% 03-15-32                                                    | CUSIP: 64990AXH3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   4940000 | PA      | $5647655.00   | 0.25%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOROUGH OF NORTH SLOPE AK                                                        | BOROUGH OF NORTH SLOPE AK 5.0% 06-30-27                                                              | CUSIP: 662523X53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2151965.90   | 0.10%             | 2027-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA (STATE OF)                                                        | STATE OF NORTH CAROLINA 5.0% 05-01-27                                                                | CUSIP: 65829QGB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3110000 | PA      | $3215805.31   | 0.14%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA (STATE OF)                                                        | STATE OF NORTH CAROLINA 5.0% 05-01-28                                                                | CUSIP: 65829QGC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2670000 | PA      | $2824830.63   | 0.13%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK STATE URBAN DEVELOPMENT CORP (DBA EMPIRE STATE DEVELOPMENT CORP)        | NY ST UDC PIT REV 16A PREREF 5.0% 03-15-27/26                                                        | CUSIP: 650035T99<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   3705000 | PA      | $3736966.74   | 0.17%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTH FUTURE TAX SEC REV                       | NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE 5.0% 11-01-32                | CUSIP: 64971WU99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1515528.84   | 0.07%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY HEALTH CARE FACILITIES FINANCING AUTHORITY                            | HACKENSACK MERIDIAN HEALTH OBLIGATED GROUP 5.0% 07-01-37                                             | CUSIP: 645790KC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1162664.91   | 0.05%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY HEALTH CARE FACILITIES FINANCING AUTHORITY                            | HACKENSACK MERIDIAN HEALTH OBLIGATED GROUP 5.0% 07-01-39                                             | CUSIP: 645790KE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1497317.60   | 0.07%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY HEALTH CARE FACILITIES FINANCING AUTHORITY                            | HACKENSACK MERIDIAN HEALTH OBLIGATED GROUP 5.0% 07-01-38                                             | CUSIP: 645790KD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4735000 | PA      | $4863195.39   | 0.22%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA EASTN MUN PWR AGY                                                 | NORTH CAROLINA EASTERN MUNICIPAL POWER AGENCY 6.0% 01-01-26                                          | CUSIP: 658196PK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004814.00   | 0.05%             | 2026-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                                                      | NORTH DAKOTA HOUSING FINANCE AGENCY FHA INS 4.0% 01-01-48                                            | CUSIP: 658909NJ1<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    225000 | PA      | $225259.20    | 0.01%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEBRASKA INVESTMENT FINANCE AUTHORITY                                            | NEBRASKA INVESTMENT FINANCE AUTHORITY GNMA/FNMA/FHLMC 3.5% 03-01-40                                  | CUSIP: 63968MQC6<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |     30000 | PA      | $29815.41     | 0.00%             | 2040-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTH FUTURE TAX SEC REV                       | NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE 5.0% 11-01-25                | CUSIP: 64971W7M6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30000.00     | 0.00%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY                                        | STATE OF NEW JERSEY 5.0% 06-15-31                                                                    | CUSIP: 64577BK86<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1734295.00   | 0.08%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                     | CITY OF NEW YORK NY 5.0% 08-01-31                                                                    | CUSIP: 64966MRY7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1621866.48   | 0.07%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO MTG FIN AUTH                                                          | NEW MEXICO MORTGAGE FINANCE AUTHORITY GNMA/FNMA/FHLMC 3.75% 03-01-48                                 | CUSIP: 6472006Z2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $204395.46    | 0.01%             | 2048-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SONYMA HOMEOWNER MTG REV                                                         | STATE OF NEW YORK MORTGAGE AGENCY HOMEOWNER MORTGAGE REVENUE 4.0% 10-01-37                           | CUSIP: 6498832W4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $214906.91    | 0.01%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                                                      | NORTH DAKOTA HOUSING FINANCE AGENCY 4.0% 07-01-48                                                    | CUSIP: 658909PF7<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    970000 | PA      | $971400.68    | 0.04%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEBRASKA INVESTMENT FINANCE AUTHORITY                                            | NEBRASKA INVESTMENT FINANCE AUTHORITY GNMA/FNMA/FHLMC 4.0% 09-01-48                                  | CUSIP: 63968MRE1<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |    195000 | PA      | $195527.87    | 0.01%             | 2048-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                                                      | NORTH DAKOTA HOUSING FINANCE AGENCY 4.0% 01-01-49                                                    | CUSIP: 658909QW9<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   3080000 | PA      | $3085704.16   | 0.14%             | 2049-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HIGHER ED ASSISTANCE AUTH                                          | NEW JERSEY HIGHER EDUCATION STUDENT ASSISTANCE AUTHORITY 3.75% 12-01-31                              | CUSIP: 646080TE1<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    155000 | PA      | $154300.18    | 0.01%             | 2031-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTG FIN AGY                                                  | NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY SINGLE-FAMILY HOME MORTGAGE 4.5% 10-01-48               | CUSIP: 64613AAC6<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1554674.10   | 0.07%             | 2048-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NEBRASKA INVESTMENT FINANCE AUTHORITY                                            | NEBRASKA INVESTMENT FINANCE AUTHORITY 4.0% 09-01-48                                                  | CUSIP: 63968MSJ9<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |   1995000 | PA      | $2003450.82   | 0.09%             | 2048-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO MTG FIN AUTH                                                          | NEW MEXICO MORTGAGE FINANCE AUTHORITY GNMA/FNMA/FHLMC 4.0% 01-01-49                                  | CUSIP: 647201CH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $450899.10    | 0.02%             | 2049-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                                                      | NORTH DAKOTA HOUSING FINANCE AGENCY 4.25% 01-01-49                                                   | CUSIP: 658909SW7<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1832874.88   | 0.08%             | 2049-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DORMITORY AUTHORITY OF STATE OF NEW YORK                                         | STATE OF NEW YORK SALES TAX REVENUE 5.0% 03-15-27                                                    | CUSIP: 64990AMC6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1098126.83   | 0.05%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUTH                                                  | STATE OF NEW JERSEY 5.0% 12-15-32                                                                    | CUSIP: 6461364D0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2070000 | PA      | $2208567.87   | 0.10%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY                                                       | NORTH CAROLINA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 4.25% 07-01-47                                 | CUSIP: 658207WG6<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    935000 | PA      | $940345.40    | 0.04%             | 2047-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SONYMA HOMEOWNER MTG REV                                                         | STATE OF NEW YORK MORTGAGE AGENCY HOMEOWNER MORTGAGE REVENUE 4.25% 10-01-47                          | CUSIP: 6498835R2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1331520.33   | 0.06%             | 2047-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY                                  | NEW YORK CITY WATER & SEWER SYSTEM FRN 06-15-49                                                      | CUSIP: 64972GEK6<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  11400000 | PA      | $11400000.00  | 0.51%             | 2049-06-15      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                                                      | NORTH DAKOTA HOUSING FINANCE AGENCY 4.25% 07-01-49                                                   | CUSIP: 658909TX4<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    245000 | PA      | $246361.71    | 0.01%             | 2049-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTG FIN AGY                                                  | NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY SINGLE-FAMILY HOME MORTGAGE 4.75% 10-01-50              | CUSIP: 64613ABT8<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    260000 | PA      | $263939.78    | 0.01%             | 2050-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TEXAS MUNICIPAL GAS ACQUISITION & SUPPLY CORP III                                | TEXAS MUNICIPAL GAS ACQUISITION & SUPPLY CORP III 5.0% 12-15-25                                      | CUSIP: 88256HBA5<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   1480000 | PA      | $1482891.92   | 0.07%             | 2025-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS DEPARTMENT OF HOUSING & COMMUNITY AFFAIRS                                  | TEXAS DEPARTMENT OF HOUSING & COMMUNITY AFFAIRS GNMA 3.0% 01-01-52                                   | CUSIP: 882750QQ8<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1679558.58   | 0.08%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TEXAS DEPARTMENT OF HOUSING & COMMUNITY AFFAIRS                                  | TEXAS DEPARTMENT OF HOUSING & COMMUNITY AFFAIRS GNMA COLL 3.0% 03-01-52                              | CUSIP: 88275FTP4<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   5225000 | PA      | $5128912.25   | 0.23%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY ACT                      | NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY ACT 5.0% 11-01-43                            | CUSIP: 64461XJD8<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    580000 | PA      | $612820.46    | 0.03%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS SEWERAGE & WATER BOARD-WATER SYSTEM                                  | CITY OF NEW ORLEANS LA WATER SYSTEM REVENUE 5.0% 12-01-45                                            | CUSIP: 647753LU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001611.00   | 0.05%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK STATE URBAN DEVELOPMENT CORP (DBA EMPIRE STATE DEVELOPMENT CORP)        | EMPIRE STATE DEVELOPMENT CORP 5.0% 03-15-26                                                          | CUSIP: 650036GP5<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1154879.06   | 0.05%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK STATE URBAN DEVELOPMENT CORP (DBA EMPIRE STATE DEVELOPMENT CORP)        | EMPIRE STATE DEVELOPMENT CORP 5.0% 03-15-26                                                          | CUSIP: 650036GN0<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    275000 | PA      | $277372.70    | 0.01%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY                                                       | NORTH CAROLINA HOUSING FINANCE AGENCY 2.05% 01-01-28                                                 | CUSIP: 658207ZF5<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    745000 | PA      | $721789.53    | 0.03%             | 2028-01-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST ED ASSISTANCE AUTH                                             | NORTH CAROLINA STATE EDUCATION ASSISTANCE AUTHORITY 5.0% 06-01-43                                    | CUSIP: 658262GW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1466867.77   | 0.07%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS STATE DEVELOPMENT FINANCE AUTHORITY                                       | ADVENTHEALTH OBLIGATED GROUP (MPT) 5.0% 11-15-54                                                     | CUSIP: 48542AFH9<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |   5040000 | PA      | $5366042.64   | 0.24%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KNOX COUNTY HEALTH EDUCATIONAL & HOUSING FACILITY BOARD                          | GLEASON PARTNERS LP HUD SECT 8 (MPT) 3.95% 12-01-27                                                  | CUSIP: 499652AM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1090507.94   | 0.05%             | 2027-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| KENTUCKY HSG CORP                                                                | BEECHER IV LLC HUD SECT 8 (MPT) 5.0% 09-01-43                                                        | CUSIP: 49131CAA0<br>LEI: 549300NTBUU903EKQ287 | Long             | DBT              | MUN               | US        |   2030000 | PA      | $2042305.86   | 0.09%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES DEPARTMENT OF AIRPORTS LOS ANGELES INTERNATIONAL AIR                 | CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS 5.0% 05-15-28                                             | CUSIP: 544445UK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $526121.00    | 0.02%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FLA ARPT                                                                | COUNTY OF LEE FL AIRPORT REVENUE 5.0% 10-01-29                                                       | CUSIP: 523470GU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $374863.65    | 0.02%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LYNCHBURG VA ECON DEV AUTH                                                       | CENTRA HEALTH OBLIGATED GROUP 4.0% 01-01-27                                                          | CUSIP: 55123TAZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $860672.60    | 0.04%             | 2027-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES DEPARTMENT OF AIRPORTS LOS ANGELES INTERNATIONAL AIR                 | CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS 5.0% 05-15-26                                             | CUSIP: 544445XP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3537975.00   | 0.16%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CALIF WASTEWTR SYS                                                   | CITY OF LOS ANGELES CA WASTEWATER SYSTEM REVENUE 5.0% 06-01-26                                       | CUSIP: 53945CKN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507678.50    | 0.02%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA HSG FIN AGY                                                            | LOUISIANA HOUSING CORP GNMA/FNMA/FHLMC 5.0% 06-01-52                                                 | CUSIP: 54627DKA8<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |   7895000 | PA      | $8155977.12   | 0.37%             | 2052-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES DEPARTMENT OF AIRPORTS LOS ANGELES INTERNATIONAL AIR                 | CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS 5.0% 05-15-28                                             | CUSIP: 544445A74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2209708.20   | 0.10%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NEV CONVENTION & VISITORS AUTH                                         | COUNTY OF CLARK NV & CITY OF LAS VEGAS NV COMBINED ROOM TAX REVENUE 5.0% 07-01-29                    | CUSIP: 51771FAX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1307011.75   | 0.06%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS VALLEY NEV WTR DIST                                                    | LAS VEGAS VALLEY WATER DISTRICT 5.0% 06-01-31                                                        | CUSIP: 517845BQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1772225.00   | 0.08%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CALIF DEPARTMENT OF WATER & POWER                                    | LOS ANGELES DEPARTMENT OF WATER & POWER POWER SYSTEM REVENUE 5.0% 07-01-29                           | CUSIP: 544532GM0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1915000 | PA      | $2069925.42   | 0.09%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU REVENUE                                             | GUNSMOKE RANCH APARTMENTS LP (MPT) 5.0% 03-01-58                                                     | CUSIP: 04062PCD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018415.00   | 0.05%             | 2058-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA URBAN RESIDENTIAL FINANCE AUTHORITY                                      | PPP METROPOLITAN LLC (MPT) 2.99% 10-01-42                                                            | CUSIP: 04785VBR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5600000 | PA      | $5609755.20   | 0.25%             | 2042-10-01      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| ALABAMA HSG FIN AUTH                                                             | FOREST HILLS PARTNERS II LLLP HUD SECT 8 (MPT) 5.0% 11-01-27                                         | CUSIP: 01030PGY6<br>LEI: 549300VFN7EHPOFS7D76 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017726.00   | 0.05%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU REVENUE                                             | ACACIA ONE OWNER LLC (MPT) 5.0% 11-01-58                                                             | CUSIP: 04062PCE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12425000 | PA      | $12693889.43  | 0.57%             | 2058-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA HSG FIN AUTH                                                             | COOPER GREEN HOMES 2023 LLC (MPT) 5.0% 02-01-29                                                      | CUSIP: 01030PGZ3<br>LEI: 549300VFN7EHPOFS7D76 | Long             | DBT              | MUN               | US        |    485000 | PA      | $505058.15    | 0.02%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF ALASKA INTERNATIONAL AIRPORTS SYSTEM                                    | STATE OF ALASKA INTERNATIONAL AIRPORTS SYSTEM 5.0% 10-01-28                                          | CUSIP: 011842UW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1280026.80   | 0.06%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALASKA HOUSING FINANCE CORP                                                      | ALASKA HOUSING FINANCE CORP 3.5% 06-01-46                                                            | CUSIP: 01170RFN7<br>LEI: 549300HJ8NOJNYW6ER36 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15006.68     | 0.00%             | 2046-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ATLANTA URBAN RESIDENTIAL FINANCE AUTHORITY                                      | NORTH BLOCK ASSOCIATES LLC HUD SECT 8 FHA 221(D)(4) (MPT) 3.4% 02-01-29                              | CUSIP: 04785VBX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1059093.00   | 0.05%             | 2029-02-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| ADAMS COUNTY SCHOOL DISTRICT NO 14                                               | ADAMS COUNTY SCHOOL DISTRICT NO 14 ST AID WITHHLDG 5.0% 12-01-33                                     | CUSIP: 005662NZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1371138.76   | 0.06%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ADAMS & ARAPAHOE COUNTIES JOINT SCHOOL DISTRICT 28J AURORA                       | ADAMS & ARAPAHOE COUNTIES JOINT SCHOOL DISTRICT 28J AURORA ST AID WITHHLDG 5.5% 12-01-26             | CUSIP: 0054824G6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031496.00   | 0.05%             | 2026-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALASKA MUNICIPAL BOND BANK AUTHORITY                                             | ALASKA MUNICIPAL BOND BANK AUTHORITY 5.0% 10-01-26                                                   | CUSIP: 01179R6Z1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $306104.70    | 0.01%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA URBAN RESIDENTIAL FINANCE AUTHORITY                                      | MARTIN HOUSE SENIOR HOUSING LP (MPT) 3.2% 05-01-29                                                   | CUSIP: 04785VCD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2598211.20   | 0.12%             | 2029-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ATHENS HOUSING AUTHORITY                                                         | NORTH DOWNTOWN ATHENS PHASE II LP (MPT) 3.23% 06-01-45                                               | CUSIP: 04708PAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2305000 | PA      | $2306203.21   | 0.10%             | 2045-06-01      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| AMELIA CNTY VA INDL DEV AUTH                                                     | WASTE MANAGEMENT INC 1.45% 04-01-27                                                                  | CUSIP: 023445AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $555617.90    | 0.03%             | 2027-04-01      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| ALABAMA FEDERAL AID HIGHWAY FINANCE AUTHORITY                                    | ALABAMA FEDERAL AID HIGHWAY FINANCE AUTHORITY 5.0% 09-01-33                                          | CUSIP: 010268AX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1526949.00   | 0.07%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA FEDERAL AID HIGHWAY FINANCE AUTHORITY                                    | ALABAMA FEDERAL AID HIGHWAY FINANCE AUTHORITY 4.0% 06-01-37                                          | CUSIP: 010268BY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1821600.38   | 0.08%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY COUNTY HOSPITAL DEVELOPMENT AUTHORITY                                  | ALLEGHENY HEALTH NETWORK OBLIGATED GROUP 5.0% 04-01-26                                               | CUSIP: 01728A3L8<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |    410000 | PA      | $413015.96    | 0.02%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF AUSTIN TX AIRPORT SYSTEM REVENUE                                         | CITY OF AUSTIN TX AIRPORT SYSTEM REVENUE 5.0% 11-15-25                                               | CUSIP: 052398GC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $315195.62    | 0.01%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU REVENUE                                             | PHOENIX CHILDREN'S HOSPITAL FRN 02-01-48                                                             | CUSIP: 04052EAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2525000.00   | 0.11%             | 2048-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| BOERNE TEX INDPT SCH DIST                                                        | BOERNE INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-01-27                                             | CUSIP: 097067MJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1234513.20   | 0.06%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAY AREA TOLL AUTHORITY                                                          | BAY AREA TOLL AUTHORITY (MPT) FRN 04-01-56                                                           | CUSIP: 072024XA5<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |    730000 | PA      | $726985.10    | 0.03%             | 2056-04-01      | Variable      | 3.67%                 | No            |                  2 | On Loan: No      |
| BARBERS HILL TEX INDPT SCH DIST                                                  | BARBERS HILL INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-26                                       | CUSIP: 067167YY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1745708.42   | 0.08%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BARTOW CNTY GA DEV AUTH                                                          | GEORGIA POWER CO 1.8% 09-01-29                                                                       | CUSIP: 069643BL7<br>LEI: 5493006KLI0V8YELKW50 | Long             | DBT              | MUN               | US        |    560000 | PA      | $507536.96    | 0.02%             | 2029-09-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| BAY AREA TOLL AUTHORITY                                                          | BAY AREA TOLL AUTHORITY (MPT) FRN 04-01-56                                                           | CUSIP: 072024XT4<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |    200000 | PA      | $196268.00    | 0.01%             | 2056-04-01      | Variable      | 3.52%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST                                                       | BLACK BELT ENERGY GAS DISTRICT (MPT) 4.0% 04-01-53                                                   | CUSIP: 09182TBC0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6095778.00   | 0.27%             | 2053-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST                                                       | BLACK BELT ENERGY GAS DISTRICT (MPT) 4.0% 07-01-52                                                   | CUSIP: 09182NCB4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   4595000 | PA      | $4650705.19   | 0.21%             | 2052-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST                                                       | BLACK BELT ENERGY GAS DISTRICT (MPT) 5.5% 11-01-53                                                   | CUSIP: 09182TBT3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    440000 | PA      | $465146.00    | 0.02%             | 2053-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CITY OF BAYONNE NJ                                                               | CITY OF BAYONNE NJ BAM ST AID WITHHLDG 5.0% 07-01-31                                                 | CUSIP: 072887V58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015188.00   | 0.05%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF BAYONNE NJ                                                               | CITY OF BAYONNE NJ BAM ST AID WITHHLDG 5.0% 07-01-32                                                 | CUSIP: 072887V66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015188.00   | 0.05%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST                                                       | BLACK BELT ENERGY GAS DISTRICT (MPT) 5.25% 12-01-53                                                  | CUSIP: 09182NCT5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2930000 | PA      | $3182604.09   | 0.14%             | 2053-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CITY OF BAYONNE NJ                                                               | CITY OF BAYONNE NJ BAM ST AID WITHHLDG 5.0% 07-01-35                                                 | CUSIP: 072887V90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015188.00   | 0.05%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FLA HSG FIN AUTH                                                    | PINNACLE 441 PHASE 2 LLC (MPT) 4.05% 09-01-56                                                        | CUSIP: 115027RA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1759785.89   | 0.08%             | 2056-09-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| BURBANK-GLENDALE-PASADENA AIRPORT AUTHORITY BRICK CAMPAIGN                       | BURBANK-GLENDALE-PASADENA AIRPORT AUTHORITY BRICK CAMPAIGN 5.0% 07-01-31                             | CUSIP: 120827DP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1102568.00   | 0.05%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST                                                       | BLACK BELT ENERGY GAS DISTRICT (MPT) 5.0% 05-01-55                                                   | CUSIP: 09182TDU8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3405000 | PA      | $3700438.23   | 0.17%             | 2055-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF BROWARD FL PORT FACILITIES REVENUE                                     | COUNTY OF BROWARD FL PORT FACILITIES REVENUE 5.0% 09-01-26                                           | CUSIP: 11506KGC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1557014.97   | 0.07%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH                                                           | GEORGIA POWER CO (MPT) 3.3% 12-01-49                                                                 | CUSIP: 121342QN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $934557.93    | 0.04%             | 2049-12-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| BRAZOS TEX HIGHER ED AUTH INC                                                    | BRAZOS HIGHER EDUCATION AUTHORITY INC 5.0% 04-01-30                                                  | CUSIP: 10623ACM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1902214.80   | 0.09%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BASELINE MET DISTRICT NO. 1                                                      | BASELINE METROPOLITAN DISTRICT NO 1 AG 5.0% 12-01-27                                                 | CUSIP: 069826AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044044.00   | 0.05%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BASELINE MET DISTRICT NO. 1                                                      | BASELINE METROPOLITAN DISTRICT NO 1 AG 5.0% 12-01-29                                                 | CUSIP: 069826AJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $434548.80    | 0.02%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST                                                       | BLACK BELT ENERGY GAS DISTRICT (MPT) 5.0% 10-01-55                                                   | CUSIP: 09182TEC7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1086431.00   | 0.05%             | 2055-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST                                                       | BLACK BELT ENERGY GAS DISTRICT (MPT) 5.0% 03-01-55                                                   | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   8045000 | PA      | $8730055.89   | 0.39%             | 2055-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BREVARD COUNTY HOUSING FINANCE AUTHORITY                                         | EMERALD PLACE FLORIDA LP (MPT) 3.3% 02-01-28                                                         | CUSIP: 106904FY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1288817.74   | 0.06%             | 2028-02-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH                                                           | GEORGIA POWER CO (MPT) 2.9% 12-01-49                                                                 | CUSIP: 121342QR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6155000 | PA      | $6102036.23   | 0.27%             | 2049-12-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| BRAZOS TEX HIGHER ED AUTH INC                                                    | BRAZOS HIGHER EDUCATION AUTHORITY INC 5.0% 04-01-27                                                  | CUSIP: 10623ACT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $763497.00    | 0.03%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRAZOS TEX HIGHER ED AUTH INC                                                    | BRAZOS HIGHER EDUCATION AUTHORITY INC 5.0% 04-01-28                                                  | CUSIP: 10623ACU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1444462.60   | 0.07%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRAZOS TEX HIGHER ED AUTH INC                                                    | BRAZOS HIGHER EDUCATION AUTHORITY INC 4.5% 04-01-46                                                  | CUSIP: 10623ADB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2440000 | PA      | $2482512.12   | 0.11%             | 2046-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST                                                       | BLACK BELT ENERGY GAS DISTRICT (MPT) 5.0% 12-01-55                                                   | CUSIP: 09182TFT9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1960000 | PA      | $2127856.36   | 0.10%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST                                                       | BLACK BELT ENERGY GAS DISTRICT (MPT) 5.0% 12-01-55                                                   | CUSIP: 09182TGC5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3045000 | PA      | $3300079.65   | 0.15%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BEXAR CNTY TEX                                                                   | COUNTY OF BEXAR TX 5.0% 06-15-43                                                                     | CUSIP: 088281B33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8107808.00   | 0.37%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAY AREA TOLL AUTHORITY                                                          | BAY AREA TOLL AUTHORITY (MPT) 2.625% 04-01-45                                                        | CUSIP: 072024VU3<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   1545000 | PA      | $1541264.19   | 0.07%             | 2045-04-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                                 | PROVIDENCE ST JOSEPH HEALTH OBLIGATED GROUP (MPT) 5.0% 10-01-39                                      | CUSIP: 13032UUP1<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034740.00   | 0.05%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH                                                      | WASTE MANAGEMENT INC (MPT) 2.4% 10-01-44                                                             | CUSIP: 13048RAG2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5280000 | PA      | $5092897.92   | 0.23%             | 2044-10-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH                                                      | CONNECTICUT HOUSING FINANCE AUTHORITY 3.5% 11-15-43                                                  | CUSIP: 20775C5S9<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    365000 | PA      | $363660.09    | 0.02%             | 2043-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA (STATE OF)                                                            | STATE OF CALIFORNIA 4.0% 03-01-28                                                                    | CUSIP: 13063DTB4<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    500000 | PA      | $517372.00    | 0.02%             | 2028-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY                                 | WASTE MANAGEMENT INC 4.2% 07-01-31                                                                   | CUSIP: 130536LV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2029844.00   | 0.09%             | 2031-07-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH                                                      | CALIFORNIA MUNICIPAL FINANCE AUTHORITY (MPT) 3.3% 02-01-39                                           | CUSIP: 13048RAC1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1755484.38   | 0.08%             | 2039-02-01      | Fixed         | 3.30%                 | Yes           |                  2 | On Loan: No      |
| CALIFORNIA (STATE OF)                                                            | STATE OF CALIFORNIA 3.0% 12-01-50                                                                    | CUSIP: 13063DYS1<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2461068.23   | 0.11%             | 2050-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEVELOPMENT BANK                            | MUSEUM ASSOCIATES (MPT) FRN 12-01-50                                                                 | CUSIP: 13034AN48<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    945000 | PA      | $943166.70    | 0.04%             | 2050-12-01      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| CENTRAL TEX REGL MOBILITY AUTH                                                   | CENTRAL TEXAS REGIONAL MOBILITY AUTHORITY 5.0% 01-01-27                                              | CUSIP: 155498LY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1504099.50   | 0.07%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH                                                      | CONNECTICUT HOUSING FINANCE AUTHORITY 3.0% 11-15-49                                                  | CUSIP: 20775HHX4<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    980000 | PA      | $964222.00    | 0.04%             | 2049-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HOUSING AND FINANCE AUTHORITY                                           | COLORADO HOUSING AND FINANCE AUTHORITY GNMA 3.0% 11-01-51                                            | CUSIP: 196480TW7<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1266758.14   | 0.06%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CENTRAL DAUPHIN PA SCH DIST                                                      | CENTRAL DAUPHIN SCHOOL DISTRICT ST AID WITHHLDG 5.0% 02-01-27                                        | CUSIP: 153300XP8<br>LEI: 549300B7BTSSV63QDZ15 | Long             | DBT              | MUN               | US        |    995000 | PA      | $1011358.80   | 0.05%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT STATE HIGHER EDUCATION SUPPLEMENT LOAN AUTHORITY                     | CONNECTICUT STATE HIGHER EDUCATION SUPPLEMENT LOAN AUTHORITY 5.0% 11-15-30                           | CUSIP: 207743WH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $468009.52    | 0.02%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT STATE HIGHER EDUCATION SUPPLEMENT LOAN AUTHORITY                     | CONNECTICUT STATE HIGHER EDUCATION SUPPLEMENT LOAN AUTHORITY 5.0% 11-15-29                           | CUSIP: 207743WG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $589911.28    | 0.03%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT STATE HIGHER EDUCATION SUPPLEMENT LOAN AUTHORITY                     | CONNECTICUT STATE HIGHER EDUCATION SUPPLEMENT LOAN AUTHORITY 5.0% 11-15-27                           | CUSIP: 207743WE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $769610.25    | 0.03%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT STATE HIGHER EDUCATION SUPPLEMENT LOAN AUTHORITY                     | CONNECTICUT STATE HIGHER EDUCATION SUPPLEMENT LOAN AUTHORITY 5.0% 11-15-28                           | CUSIP: 207743WF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $567501.96    | 0.03%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT STATE HEALTH & EDUCATIONAL FACILITIES AUTHORITY                      | HARTFORD HEALTHCARE OBLIGATED GROUP 5.0% 07-01-28                                                    | CUSIP: 20775DPS5<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    925000 | PA      | $975500.38    | 0.04%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRAL PUGET SOUND REGIONAL TRANSPORTATION AUTHORITY WA                         | CENTRAL PUGET SOUND REGIONAL TRANSIT AUTH SALES MOTOR VEHICLE & RENTAL CAR TAX 5.0% 11-01-28         | CUSIP: 155048DT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $69790.96     | 0.00%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HOUSING AND FINANCE AUTHORITY                                           | COLORADO HOUSING AND FINANCE AUTHORITY GNMA COLL 3.25% 11-01-51                                      | CUSIP: 196480XC6<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1533117.40   | 0.07%             | 2051-11-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| STATE OF CONNECTICUT                                                             | STATE OF CONNECTICUT 4.0% 01-15-26                                                                   | CUSIP: 20772KPG8<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1067597.54   | 0.05%             | 2026-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON HIGHER EDUCATION FINANCE CORP                                            | IDEA PUBLIC SCHOOLS PSF-GTD 5.0% 08-15-27                                                            | CUSIP: 187145PP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $207829.80    | 0.01%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON HIGHER EDUCATION FINANCE CORP                                            | IDEA PUBLIC SCHOOLS PSF-GTD 5.0% 08-15-28                                                            | CUSIP: 187145PQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $42350.48     | 0.00%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON HIGHER EDUCATION FINANCE CORP                                            | IDEA PUBLIC SCHOOLS PSF-GTD 5.0% 08-15-26                                                            | CUSIP: 187145PN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $416790.42    | 0.02%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HOUSING AND FINANCE AUTHORITY                                           | COLORADO HOUSING AND FINANCE AUTHORITY GNMA COLL 3.25% 05-01-52                                      | CUSIP: 196480ZE0<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   4020000 | PA      | $3977203.08   | 0.18%             | 2052-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH                                                      | CONNECTICUT HOUSING FINANCE AUTHORITY 3.5% 11-15-51                                                  | CUSIP: 20775HSH7<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    575000 | PA      | $571916.28    | 0.03%             | 2051-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| COLORADO HOUSING AND FINANCE AUTHORITY                                           | COLORADO HOUSING AND FINANCE AUTHORITY GNMA 5.25% 11-01-52                                           | CUSIP: 196480F93<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   3820000 | PA      | $3949650.80   | 0.18%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COUNTY OF COOK IL                                                                | COUNTY OF COOK IL 5.0% 11-15-29                                                                      | CUSIP: 213185MX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3005000 | PA      | $3267889.42   | 0.15%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA (STATE OF)                                                            | STATE OF CALIFORNIA 5.5% 12-01-52                                                                    | CUSIP: 13063DZ43<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    315000 | PA      | $331475.13    | 0.01%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH                                                      | WASTE MANAGEMENT INC (MPT) 3.45% 10-01-41                                                            | CUSIP: 13048RAL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3110000 | PA      | $3117858.97   | 0.14%             | 2041-10-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| DEPARTMENT OF VETERANS AFFAIRS VETERAN'S FARM & HOME PURCHASE PROGRAM            | DEPARTMENT OF VETERANS AFFAIRS VETERAN'S FARM & HOME PURCHASE PROGRAM 5.5% 12-01-52                  | CUSIP: 130658ST5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1424516.92   | 0.06%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CUYAHOGA OHIO MET HSG AUTH                                                       | WADE PARK LP HUD SECT 8 (MPT) 4.75% 12-01-27                                                         | CUSIP: 23239TAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1176247.85   | 0.05%             | 2027-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                                  | CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 07-01-53                                  | CUSIP: 13013JCB0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   6755000 | PA      | $7146465.76   | 0.32%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT STATE HEALTH & EDUCATIONAL FACILITIES AUTHORITY                      | YALE UNIVERSITY (MPT) 2.8% 07-01-48                                                                  | CUSIP: 20775DUX8<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4993345.00   | 0.22%             | 2048-07-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WATER SYSTEM                                                          | CITY OF CHICAGO IL WATERWORKS REVENUE AG 5.0% 11-01-31                                               | CUSIP: 167736W29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1630522.47   | 0.07%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WASTEWATER TRANSMISSION                                               | CITY OF CHICAGO IL WASTEWATER TRANSMISSION REVENUE AG 5.0% 01-01-30                                  | CUSIP: 167727C87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1885000 | PA      | $2047841.38   | 0.09%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HOUSING AND FINANCE AUTHORITY                                           | COLORADO HOUSING AND FINANCE AUTHORITY GNMA COLL 6.0% 05-01-53                                       | CUSIP: 1964805D5<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1352406.15   | 0.06%             | 2053-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEBRASKA INVESTMENT FINANCE AUTHORITY                                            | NEBRASKA INVESTMENT FINANCE AUTHORITY GNMA/FNMA/FHLMC 3.0% 09-01-50                                  | CUSIP: 63968MZD4<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |   3440000 | PA      | $3380027.04   | 0.15%             | 2050-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SONYMA HOMEOWNER MTG REV                                                         | STATE OF NEW YORK MORTGAGE AGENCY HOMEOWNER MORTGAGE REVENUE 3.0% 10-01-45                           | CUSIP: 64988YKK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3440000 | PA      | $3381203.52   | 0.15%             | 2045-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTH FUTURE TAX SEC REV                       | NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE 5.0% 11-01-27                | CUSIP: 64971XB64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $811622.63    | 0.04%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMN                                                        | MISSOURI HOUSING DEVELOPMENT COMMISSION GNMA/FNMA/FHLMC 6.5% 05-01-54                                | CUSIP: 60637B7E4<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    995000 | PA      | $1113737.33   | 0.05%             | 2054-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MONROE COUNTY INDUSTRIAL DEVELOPMENT CORP                                        | ANDREWS TERRACE COMMUNITY PARTNERS LP HUD SECT 8 (MPT) 5.0% 07-01-28                                 | CUSIP: 61075NAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1567728.00   | 0.07%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                                                   | MAIN STREET NATURAL GAS INC (MPT) 5.0% 05-01-54                                                      | CUSIP: 56035DGT3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   4390000 | PA      | $4749536.61   | 0.21%             | 2054-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMN                                                        | MISSOURI HOUSING DEVELOPMENT COMMISSION GNMA/FNMA/FHLMC 5.75% 05-01-55                               | CUSIP: 60637B8J2<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   2615000 | PA      | $2859259.31   | 0.13%             | 2055-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY                                     | MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY 6.0% 06-01-54                                           | CUSIP: 594654WT8<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1990000 | PA      | $2152411.86   | 0.10%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                                                   | MAIN STREET NATURAL GAS INC (MPT) 5.0% 12-01-54                                                      | CUSIP: 56035DHK1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   4695000 | PA      | $5110188.24   | 0.23%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY ARIZ INDL DEV AUTH                                                 | HONORHEALTH OBLIGATED GROUP 5.0% 12-01-26                                                            | CUSIP: 56678PBS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1536093.00   | 0.07%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS EDL FING AUTH                                                      | MASSACHUSETTS EDUCATIONAL FINANCING AUTHORITY 4.25% 07-01-32                                         | CUSIP: 57563RUB3<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |     80000 | PA      | $81616.64     | 0.00%             | 2032-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE                      | METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE 5.0% 10-01-29                            | CUSIP: 592647MM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5376210.00   | 0.24%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND (STATE OF)                                                              | STATE OF MARYLAND 5.0% 06-01-34                                                                      | CUSIP: 574193WN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1182889.00   | 0.05%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE                      | METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE 5.0% 10-01-33                            | CUSIP: 592647MR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $632627.52    | 0.03%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSION ECONOMIC DEVELOPMENT CORP                                                | REPUBLIC SERVICES INC (MPT) 4.0% 06-01-54                                                            | CUSIP: 605155BV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2022898.00   | 0.09%             | 2054-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY                                     | FLATS PHASE I LTD DIVIDEND HOUSING ASSOCIATION LLC (MPT) 3.8% 07-01-41                               | CUSIP: 594650UL5<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2260962.00   | 0.10%             | 2041-07-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| TOWN OF MOREHEAD CITY NC                                                         | ELIJAH'S LANDING OF MOREHEAD CITY LLC FHA 221(D4) (MPT) 4.05% 01-01-28                               | CUSIP: 616587AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3490000 | PA      | $3524229.92   | 0.16%             | 2028-01-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| MISSION ECONOMIC DEVELOPMENT CORP                                                | WASTE MANAGEMENT INC (MPT) 4.25% 06-01-48                                                            | CUSIP: 605155BU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11335000 | PA      | $11416294.62  | 0.51%             | 2048-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CNTY OF MIAMI-DADE FL AVIATION REVENUE                                           | COUNTY OF MIAMI-DADE FL AVIATION REVENUE 5.0% 10-01-29                                               | CUSIP: 59333P7F9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1783279.94   | 0.08%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI BUSINESS FINANCE CORP                                                | CHEVRON USA INC FRN 11-01-35                                                                         | CUSIP: 60528ACA0<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |   6200000 | PA      | $6200000.00   | 0.28%             | 2035-11-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE                      | METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE 5.0% 10-01-28                            | CUSIP: 592647EE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1427349.00   | 0.06%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE                      | METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE 5.0% 10-01-27                            | CUSIP: 592647ED9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034551.00   | 0.05%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST HSG FIN AGY                                                     | MASSACHUSETTS HOUSING FINANCE AGENCY FNMA COLL 4.0% 06-01-43                                         | CUSIP: 57587AWC8<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    155000 | PA      | $154959.24    | 0.01%             | 2043-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND (STATE OF)                                                              | STATE OF MARYLAND 5.0% 08-01-28                                                                      | CUSIP: 574193PP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1597618.79   | 0.07%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY                                     | MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY 3.5% 06-01-48                                           | CUSIP: 594654BE4<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    830000 | PA      | $828226.29    | 0.04%             | 2048-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSPORTATION AUTHORITY                                            | METROPOLITAN TRANSPORTATION AUTHORITY 5.0% 11-15-28                                                  | CUSIP: 59261APY7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3490000 | PA      | $3673703.13   | 0.17%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                         | MINNESOTA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 4.0% 01-01-48                                       | CUSIP: 60416SWD8<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150352.05    | 0.01%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY MD                                                               | COUNTY OF MONTGOMERY MD FRN 11-01-37                                                                 | CUSIP: 6133408D3<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |   8200000 | PA      | $8200000.00   | 0.37%             | 2037-11-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY                                     | MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY 4.0% 12-01-48                                           | CUSIP: 594654CM5<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1557660.61   | 0.07%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY MD HSG OPPNTYS COMMN                                             | MONTGOMERY COUNTY HOUSING OPPORTUNITIES COMMISSION SINGLE FAMILY REVENUE 4.0% 07-01-49               | CUSIP: 6133495W5<br>LEI: 549300HDL0LLRHMDL092 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1076779.13   | 0.05%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH MIAMI COMMUNITY REDEVELOPMENT AGENCY                                       | NORTH MIAMI COMMUNITY REDEVELOPMENT AGENCY 5.0% 03-01-26                                             | CUSIP: 661056AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005891.00   | 0.05%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTH FUTURE TAX SEC REV                       | NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE 5.0% 11-01-30                | CUSIP: 64972JQN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4165000 | PA      | $4635557.54   | 0.21%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTH FUTURE TAX SEC REV                       | NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE 5.0% 11-01-31                | CUSIP: 64972JPY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $7364623.50   | 0.33%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY                                                       | NORTH CAROLINA HOUSING FINANCE AGENCY 4.0% 07-01-47                                                  | CUSIP: 658207TZ8<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    945000 | PA      | $946139.67    | 0.04%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SONYMA HOMEOWNER MTG REV                                                         | STATE OF NEW YORK MORTGAGE AGENCY HOMEOWNER MORTGAGE REVENUE 3.5% 10-01-47                           | CUSIP: 649883Y90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $409310.79    | 0.02%             | 2047-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NORTHWEST TEX INDPT SCH DIST                                                     | NORTHWEST INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-42                                          | CUSIP: 6678253D3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1182223.90   | 0.05%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCHOOL DISTRICT OF PHILADELPHIA                                                  | SCHOOL DISTRICT OF PHILADELPHIA ST AID WITHHLDG 5.0% 09-01-28                                        | CUSIP: 717883YZ9<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |    365000 | PA      | $386588.66    | 0.02%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCHOOL DISTRICT OF PHILADELPHIA                                                  | SCHOOL DISTRICT OF PHILADELPHIA ST AID WITHHLDG 5.0% 09-01-27                                        | CUSIP: 717883YY2<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |    600000 | PA      | $622689.00    | 0.03%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCHOOL DISTRICT OF PHILADELPHIA                                                  | SCHOOL DISTRICT OF PHILADELPHIA ST AID WITHHLDG 5.0% 09-01-29                                        | CUSIP: 717883ZA3<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1166429.16   | 0.05%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRIVATE COLLEGES & UNIVS AUTH GA                                                 | SAVANNAH COLLEGE OF ART & DESIGN INC 5.0% 04-01-28                                                   | CUSIP: 74265LY28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $419879.20    | 0.02%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO INDL TOURIST EDL MED & ENVIRONMENTAL CTL FACS FING AUTH              | HOSPITAL AUXILIO MUTUO OBLIGATED GROUP 5.0% 07-01-28                                                 | CUSIP: 74527EFJ2<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | PR        |   1140000 | PA      | $1183819.32   | 0.05%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCHOOL DISTRICT OF PHILADELPHIA                                                  | SCHOOL DISTRICT OF PHILADELPHIA ST AID WITHHLDG 5.0% 09-01-26                                        | CUSIP: 717883YX4<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018213.00   | 0.05%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY                                                         | PENNSYLVANIA HOUSING FINANCE AGENCY 3.0% 10-01-52                                                    | CUSIP: 70879QRC9<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1191971.72   | 0.05%             | 2052-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SEATTLE WASHINGTON PORT OF                                                       | PORT OF SEATTLE WA 5.0% 08-01-29                                                                     | CUSIP: 735389U30<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $5100844.50   | 0.23%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA WTR & WASTEWTR                                                   | CITY OF PHILADELPHIA PA WATER & WASTEWATER REVENUE 5.0% 06-01-31                                     | CUSIP: 717893Y39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $874294.20    | 0.04%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA WTR & WASTEWTR                                                   | CITY OF PHILADELPHIA PA WATER & WASTEWATER REVENUE 5.0% 06-01-30                                     | CUSIP: 717893Y21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $881424.80    | 0.04%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY                                                         | PENNSYLVANIA HOUSING FINANCE AGENCY 5.0% 10-01-52                                                    | CUSIP: 70879QSE4<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    450000 | PA      | $464842.80    | 0.02%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMISSION                                              | PENNSYLVANIA TURNPIKE COMMISSION 5.0% 12-01-27                                                       | CUSIP: 709224M89<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046521.00   | 0.05%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY                                                         | PENNSYLVANIA HOUSING FINANCE AGENCY 5.75% 10-01-53                                                   | CUSIP: 70879QSZ7<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   5490000 | PA      | $5816715.39   | 0.26%             | 2053-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HIGHER ED ASSISTANCE AGY                                         | PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY 5.0% 06-01-30                                        | CUSIP: 70878CAX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3055000 | PA      | $3217416.02   | 0.14%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY                                                         | PA SFM AMT PAC (100-500%) PSA 15-118A SF 3.5% 04-01-40                                               | CUSIP: 708796X51<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |     55000 | PA      | $54851.89     | 0.00%             | 2040-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PORT HOUSTON TX                                                                  | PORT AUTHORITY OF HOUSTON OF HARRIS COUNTY TEXAS 5.0% 10-01-27                                       | CUSIP: 734262GC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $938934.00    | 0.04%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HOUSING AND MORTGAGE FINANCE CORP                                   | RHODE ISLAND HOUSING & MORTGAGE FINANCE CORP GNMA/FNMA/FHLMC 4.0% 10-01-48                           | CUSIP: 76221RYT4<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |    240000 | PA      | $240952.32    | 0.01%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AIRPORT COMMISSION OF THE CITY AND COUNTY OF SAN FRANCISCO                       | SAN FRANCISCO CITY & COUNTY AIRPORT COMM-SAN FRANCISCO INTERNATIONAL AIRPORT 5.0% 05-01-27           | CUSIP: 79766DRP6<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    780000 | PA      | $802750.26    | 0.04%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY                                       | LOS ANGELES DEPARTMENT OF WATER & POWER POWER SYSTEM REVENUE 5.0% 07-01-29                           | CUSIP: 84247PKZ3<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1621351.50   | 0.07%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPARKS TOURISM IMPROVEMENT DISTRICT NO 1                                         | SPARKS TOURISM IMPROVEMENT DISTRICT NO 1 2.75% 06-15-28                                              | CUSIP: 846562AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1053768.75   | 0.05%             | 2028-06-15      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| SOUTH CAROLINA ST HSG FIN & DEV AUTH                                             | SOUTH CAROLINA STATE HOUSING FINANCE & DEVELOPMENT AUTHORITY 4.0% 07-01-50                           | CUSIP: 83712DK70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $820309.73    | 0.04%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST HSG FIN & DEV AUTH                                             | SOUTH CAROLINA STATE HOUSING FINANCE & DEVELOPMENT AUTHORITY 3.25% 01-01-52                          | CUSIP: 83712DP26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $937200.92    | 0.04%             | 2052-01-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TEX ELECTRIC & GAS                                                   | CITY OF SAN ANTONIO TX ELECTRIC & GAS SYSTEMS REVENUE (MPT) 1.125% 12-01-45                          | CUSIP: 79625GDH3<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   3515000 | PA      | $3425715.49   | 0.15%             | 2045-12-01      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| PORT HOUSTON TX                                                                  | PORT AUTHORITY OF HOUSTON OF HARRIS COUNTY TEXAS 5.0% 10-01-26                                       | CUSIP: 734262GB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $791052.58    | 0.04%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PECOS BARSTOW TOYAH TEX INDPT SCH DIST                                           | PECOS BARSTOW TOYAH INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-27                                | CUSIP: 705227HB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $721686.70    | 0.03%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY AL                                                    | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT (MPT) 4.0% 11-01-51                                | CUSIP: 84136FAH0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023118.00   | 0.05%             | 2051-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SEATTLE WA HSG AUTH REV                                                          | SEATTLE HOUSING AUTHORITY 1.0% 06-01-26                                                              | CUSIP: 812636ML9<br>LEI: 5493003LM6XXXMFX5M88 | Long             | DBT              | MUN               | US        |    680000 | PA      | $668180.24    | 0.03%             | 2026-06-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| ALAMO TEX COMMUNITY COLLEGE DISTRICT                                             | ALAMO COMMUNITY COLLEGE DISTRICT 5.0% 02-15-26                                                       | CUSIP: 011415TJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2885000 | PA      | $2903218.78   | 0.13%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALASKA HOUSING FINANCE CORP                                                      | ALASKA HOUSING FINANCE CORP GNMA/FNMA/FHLMC 5.75% 12-01-52                                           | CUSIP: 01170RNT5<br>LEI: 549300HJ8NOJNYW6ER36 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1119101.36   | 0.05%             | 2052-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALASKA INDL DEV & EXPT AUTH                                                      | ALASKA ELECTRIC LIGHT & POWER CO 5.0% 01-01-33                                                       | CUSIP: 011908DZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $950545.30    | 0.04%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TEX HIGHER ED FIN CO                                                   | TRINITY BASIN PREPARATORY INC PSF-GTD 5.0% 08-15-26                                                  | CUSIP: 041807EM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508281.00    | 0.02%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TEX HIGHER ED FIN CO                                                   | TRINITY BASIN PREPARATORY INC PSF-GTD 5.0% 08-15-27                                                  | CUSIP: 041807EN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $582918.00    | 0.03%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU REVENUE                                             | EQUITABLE SCHOOL REVOLVING FUND LLC OBLIGATED GROUP 5.0% 11-01-28                                    | CUSIP: 04052FDU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2950000 | PA      | $3087679.45   | 0.14%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALASKA HOUSING FINANCE CORP                                                      | ALASKA HOUSING FINANCE CORP 6.0% 06-01-54                                                            | CUSIP: 01170RPW6<br>LEI: 549300HJ8NOJNYW6ER36 | Long             | DBT              | MUN               | US        |    420000 | PA      | $453337.50    | 0.02%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ALVIN TEX INDPT SCH DIST                                                         | ALVIN INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-29                                              | CUSIP: 022447Z41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $805657.50    | 0.04%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALASKA HOUSING FINANCE CORP                                                      | ALASKA HOUSING FINANCE CORP 2.15% 06-01-26                                                           | CUSIP: 01170RFE7<br>LEI: 549300HJ8NOJNYW6ER36 | Long             | DBT              | MUN               | US        |    495000 | PA      | $490559.36    | 0.02%             | 2026-06-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU REVENUE                                             | PHOENIX CHILDREN'S HOSPITAL FRN 02-01-48                                                             | CUSIP: 04052EAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5040000 | PA      | $5040000.00   | 0.23%             | 2048-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TEX HIGHER ED FIN CO                                                   | HARMONY PUBLIC SCHOOLS PSF-GTD 5.0% 02-15-34                                                         | CUSIP: 041807GM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1438105.50   | 0.06%             | 2034-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU REVENUE                                             | IRONWOOD RANCH APARTMENTS LP (MPT) 5.0% 02-01-58                                                     | CUSIP: 04062PCC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014178.00   | 0.05%             | 2058-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN AFFORDABLE PFC INC                                                        | 8000 DECKER LANE OWNER LP (MPT) 5.0% 09-01-28                                                        | CUSIP: 05217TAS3<br>LEI: 529900LKLIWOHOEBOF89 | Long             | DBT              | MUN               | US        |    330000 | PA      | $342060.51    | 0.02%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN AFFORDABLE PFC INC                                                        | 1000 COLLINWOOD WEST DRIVE TX OWNER LP FNMA COLL (MPT) 5.0% 09-01-28                                 | CUSIP: 05217TAU8<br>LEI: 529900LKLIWOHOEBOF89 | Long             | DBT              | MUN               | US        |    235000 | PA      | $243163.67    | 0.01%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH                                                      | REPUBLIC SERVICES INC (MPT) 4.375% 09-01-53                                                          | CUSIP: 13048RAM9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5080000 | PA      | $5314894.12   | 0.24%             | 2053-09-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CITY OF CHARLOTTE NC AIRPORT REVENUE                                             | CITY OF CHARLOTTE NC AIRPORT REVENUE 5.0% 07-01-28                                                   | CUSIP: 161036VT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $526378.00    | 0.02%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF CHARLOTTE NC AIRPORT REVENUE                                             | CITY OF CHARLOTTE NC AIRPORT REVENUE 5.0% 07-01-26                                                   | CUSIP: 161036VR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $379706.25    | 0.02%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF CHARLOTTE NC AIRPORT REVENUE                                             | CITY OF CHARLOTTE NC AIRPORT REVENUE 5.0% 07-01-27                                                   | CUSIP: 161036VS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515700.00    | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE PUBLIC WORKS BOARD                                              | STATE OF CALIFORNIA 5.0% 09-01-26                                                                    | CUSIP: 13068XHA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509934.00    | 0.02%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE PUBLIC WORKS BOARD                                              | STATE OF CALIFORNIA 5.0% 09-01-29                                                                    | CUSIP: 13068XHD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1422343.00   | 0.06%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT WORTH TEX INDPT SCH DIST                                                    | FORT WORTH INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-26                                         | CUSIP: 349461AF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503157.50    | 0.02%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP                                                             | FLORIDA HOUSING FINANCE CORP GNMA/FNMA/FHLMC 3.0% 07-01-51                                           | CUSIP: 34074MVP3<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    210000 | PA      | $207365.55    | 0.01%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SEATTLE WA WTR AND SWR                                                           | CITY OF SEATTLE WA WATER SYSTEM REVENUE 5.0% 08-01-27                                                | CUSIP: 812728WL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $620348.19    | 0.03%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY AL                                                    | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT (MPT) 4.0% 12-01-51                                | CUSIP: 84136FAV9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    450000 | PA      | $463414.50    | 0.02%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND TEX INDPT SCH DIST                                                     | FORT BEND INDEPENDENT SCHOOL DISTRICT PSF-GTD (MPT) 0.72% 08-01-51                                   | CUSIP: 346843SZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3090000 | PA      | $3019266.81   | 0.14%             | 2051-08-01      | Fixed         | 0.72%                 | No            |                  2 | On Loan: No      |
| MABANK INDEPENDENT SCHOOL DISTRICT                                               | MABANK INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 08-15-29                                             | CUSIP: 554086NZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $826672.52    | 0.04%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUNICIPAL ELEC AUTH                                                      | MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA 5.0% 01-01-30                                                | CUSIP: 62620HKE1<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    300000 | PA      | $325670.40    | 0.01%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                                                   | MAIN STREET NATURAL GAS INC (MPT) 5.0% 04-01-54                                                      | CUSIP: 56035DHZ8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2045000 | PA      | $2220309.67   | 0.10%             | 2054-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY                                     | MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY 6.25% 06-01-55                                          | CUSIP: 594654ZT5<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1955000 | PA      | $2147356.36   | 0.10%             | 2055-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMN                                                        | MISSOURI HOUSING DEVELOPMENT COMMISSION GNMA/FNMA/FHLMC 3.5% 05-01-41                                | CUSIP: 60637BMC1<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    365000 | PA      | $364309.42    | 0.02%             | 2041-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD HSG                                                               | AURORA APARTMENTS LP (MPT) 3.32% 07-01-46                                                            | CUSIP: 61212VAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4355000 | PA      | $4375294.30   | 0.20%             | 2046-07-01      | Fixed         | 3.32%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOSPITAL FINANCE AUTHORITY                                        | ASCENSION HEALTH CREDIT GROUP 4.0% 11-15-47                                                          | CUSIP: 59465HWM4<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   2045000 | PA      | $2071793.59   | 0.09%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST HSG FIN AGY                                                     | MASSACHUSETTS HOUSING FINANCE AGENCY 3.5% 12-01-46                                                   | CUSIP: 57587ASJ8<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |     40000 | PA      | $39986.00     | 0.00%             | 2046-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMN                                                        | MISSOURI HOUSING DEVELOPMENT COMMISSION GNMA/FNMA/FHLMC 6.0% 05-01-56                                | CUSIP: 60637GGS2<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   3470000 | PA      | $3806243.00   | 0.17%             | 2056-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MADERA CALIF UNI SCH DIST                                                        | MADERA UNIFIED SCHOOL DISTRICT NATL 0.0% 08-01-28                                                    | CUSIP: 556452DZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1555968.96   | 0.07%             | 2028-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MECKLENBURG CNTY N C                                                             | COUNTY OF MECKLENBURG NC 5.0% 02-01-30                                                               | CUSIP: 58400CBQ9<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1778229.67   | 0.08%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONROVIA CALIF UNI SCH DIST                                                      | MONROVIA UNIFIED SCHOOL DISTRICT AG 0.0% 08-01-29                                                    | CUSIP: 611594JR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1042829.20   | 0.05%             | 2029-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY                                     | NORTH PORT PRESERVATION LTD DIVIDEND HOUSING ASSOCIATION LLC FHA 223(F) (MPT) 5.0% 08-01-27          | CUSIP: 594650UR2<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   7070000 | PA      | $7166830.72   | 0.32%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY                                     | 4401 ROSA PARKS 4 LTD DIVIDEND HOUSING ASSOCIATION LP (MPT) 5.0% 02-01-28                            | CUSIP: 594650US0<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   5310000 | PA      | $5433138.90   | 0.24%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER & EXPOSITION AUTH (HYATT REGENCY MCCORMICK PL)                 | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND NATL 0.0% 06-15-31                          | CUSIP: 592247J68<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2483259.00   | 0.11%             | 2031-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| METRO WATER RECOVERY                                                             | METRO WATER RECOVERY 5.0% 04-01-28                                                                   | CUSIP: 59164GFS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $4022573.60   | 0.18%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMN                                                        | MISSOURI HOUSING DEVELOPMENT COMMISSION GNMA/FNMA/FHLMC 5.75% 05-01-56                               | CUSIP: 60637GJK6<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6539940.00   | 0.29%             | 2056-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA HSG DEV AUTH                                                        | SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY 3.0% 11-01-51                                             | CUSIP: 83756CL94<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1571716.19   | 0.07%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CITY OF SALT LAKE CITY UT AIRPORT REVENUE                                        | CITY OF SALT LAKE CITY UT AIRPORT REVENUE 5.0% 07-01-26                                              | CUSIP: 795576JJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2277497.25   | 0.10%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY                                     | MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY 6.25% 12-01-55                                          | CUSIP: 594654C94<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7776650.00   | 0.35%             | 2055-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MARICOPA COUNTY UNION HIGH SCHOOL DISTRICT NO 210-PHOENIX                        | MARICOPA COUNTY UNION HIGH SCHOOL DISTRICT NO 210-PHOENIX 5.0% 07-01-28                              | CUSIP: 567505SM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2127174.00   | 0.10%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF SALT LAKE CITY UT AIRPORT REVENUE                                        | CITY OF SALT LAKE CITY UT AIRPORT REVENUE 5.0% 07-01-29                                              | CUSIP: 795576JM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1605108.00   | 0.07%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST HSG FIN & DEV AUTH                                             | SOUTH CAROLINA STATE HOUSING FINANCE & DEVELOPMENT AUTHORITY 3.0% 01-01-52                           | CUSIP: 83712DS31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $443068.65    | 0.02%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA COUNTY UNION HIGH SCHOOL DISTRICT NO 210-PHOENIX                        | MARICOPA COUNTY UNION HIGH SCHOOL DISTRICT NO 210-PHOENIX 5.0% 07-01-29                              | CUSIP: 567505SN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3025000 | PA      | $3289572.55   | 0.15%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON (STATE OF)                                                                | STATE OF OREGON 3.5% 12-01-47                                                                        | CUSIP: 68609B5U7<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    335000 | PA      | $334285.78    | 0.02%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                                      | OHIO HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 4.5% 09-01-49                                            | CUSIP: 67756QYS0<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1150973.64   | 0.05%             | 2049-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FLA HEALTH FACS AUTH                                                 | ORLANDO HEALTH OBLIGATED GROUP 5.0% 10-01-26                                                         | CUSIP: 68450LGA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509947.50    | 0.02%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                            | WASTE MANAGEMENT INC (MPT) 4.6% 10-01-46                                                             | CUSIP: 708692BZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17500000 | PA      | $17581725.00  | 0.79%             | 2046-10-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| PATRIOTS ENERGY GROUP S C GAS SYS REV                                            | PATRIOTS ENERGY GROUP FINANCING AGENCY (MPT) 5.25% 02-01-54                                          | CUSIP: 70342PAR5<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |    230000 | PA      | $250269.90    | 0.01%             | 2054-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PEFA INC                                                                         | PEFA INC (MPT) 5.0% 09-01-49                                                                         | CUSIP: 70556CAB0<br>LEI: 549300RSE249DJNRHY07 | Long             | DBT              | MUN               | US        |  17160000 | PA      | $17398712.76  | 0.78%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                            | REPUBLIC SERVICES INC (MPT) 3.45% 04-01-34                                                           | CUSIP: 708692BL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2424536.83   | 0.11%             | 2034-04-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMISSION                                              | PENNSYLVANIA TURNPIKE COMMISSION 5.0% 12-01-26                                                       | CUSIP: 709224R27<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    400000 | PA      | $409710.80    | 0.02%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMISSION                                              | PENNSYLVANIA TURNPIKE COMMISSION 5.0% 12-01-25                                                       | CUSIP: 709224Q93<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500761.50    | 0.02%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                            | WASTE MANAGEMENT INC (MPT) 3.875% 08-01-38                                                           | CUSIP: 708692BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10017160.00  | 0.45%             | 2038-08-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PHOENIX ARIZ CIVIC IMPT CORP                                                     | CITY OF PHOENIX AZ AIRPORT REVENUE 5.0% 07-01-29                                                     | CUSIP: 71883MPM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1444597.20   | 0.07%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX ARIZ INDL DEV AUTH                                                       | REPUBLIC SERVICES INC (MPT) 3.45% 12-01-35                                                           | CUSIP: 71884RAA0<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.05%             | 2035-12-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HIGHER ED ASSISTANCE AGY                                         | PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY 2.45% 06-01-41                                       | CUSIP: 70878CAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $242299.31    | 0.01%             | 2041-06-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY                                                         | PENNSYLVANIA HOUSING FINANCE AGENCY 3.5% 04-01-51                                                    | CUSIP: 70879QHY2<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    215000 | PA      | $214413.48    | 0.01%             | 2051-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY                                                         | PENNSYLVANIA HOUSING FINANCE AGENCY 3.0% 10-01-50                                                    | CUSIP: 70879QKE2<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1970000 | PA      | $1943432.58   | 0.09%             | 2050-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| STRATEGIC HSG FIN CORP TRAVIS CNTY TEX                                           | ECG YAGER LP (MPT) 3.5% 09-01-41                                                                     | CUSIP: 86272DAM3<br>LEI: 5493003J2Q532N65DZ74 | Long             | DBT              | MUN               | US        |  12100000 | PA      | $12106993.80  | 0.55%             | 2041-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CITY OF SAN ANTONIO WATER SYSTEMS                                                | SAN ANTONIO WATER SYSTEM (MPT) 1.0% 05-01-43                                                         | CUSIP: 79642GNB4<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $975442.00    | 0.04%             | 2043-05-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| TAMPA FLA                                                                        | H LEE MOFFITT CANCER CENTER & RESEARCH INSTITUTE OBLIGATED GROUP 5.0% 07-01-26                       | CUSIP: 875161CM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101123.50    | 0.00%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIMBLE CNTY KY                                                                  | LOUISVILLE GAS AND ELECTRIC CO (MPT) 1.3% 09-01-44                                                   | CUSIP: 896224BA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1975000 | PA      | $1844918.60   | 0.08%             | 2044-09-01      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| TEXAS MUNICIPAL GAS ACQUISITION & SUPPLY CORP III                                | TEXAS MUNICIPAL GAS ACQUISITION & SUPPLY CORP III 5.0% 12-15-26                                      | CUSIP: 88256HBB3<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018411.00   | 0.05%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH BRIDGE & TUNNEL AUTHORITY SALES TAX REVENUE                           | TRIBOROUGH BRIDGE & TUNNEL AUTHORITY SALES TAX REVENUE 5.0% 05-15-30                                 | CUSIP: 896035CK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $695385.63    | 0.03%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH BRIDGE & TUNNEL AUTHORITY SALES TAX REVENUE                           | TRIBOROUGH BRIDGE & TUNNEL AUTHORITY SALES TAX REVENUE 5.0% 05-15-31                                 | CUSIP: 896035CL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $1020422.70   | 0.05%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH BRIDGE & TUNNEL AUTHORITY                                             | METROPOLITAN TRANSPORTATION AUTHORITY PAYROLL MOBILITY TAX REVENUE (MPT) 5.0% 11-15-43               | CUSIP: 89602HHK6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001520.00   | 0.09%             | 2043-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT COUNTY HOUSING FINANCE CORP                                              | 4450 MARINE CREEK PARKWAY TX OWNER LP (MPT) 5.0% 09-01-28                                            | CUSIP: 876394UN5<br>LEI: 54930055IA4O4ZTEN156 | Long             | DBT              | MUN               | US        |    450000 | PA      | $465632.55    | 0.02%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRAL TEXAS TURNPIKE SYSTEM                                                    | CENTRAL TEXAS TURNPIKE SYSTEM 5.0% 08-15-31                                                          | CUSIP: 88283KBW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $2015452.80   | 0.09%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                            | REPUBLIC SERVICES INC (MPT) 3.0% 12-01-30                                                            | CUSIP: 708692BE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $389882.61    | 0.02%             | 2030-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTHORITY OF NEW YORK AND NEW JERSEY                                        | PORT AUTHORITY OF NEW YORK & NEW JERSEY 5.0% 10-15-27                                                | CUSIP: 73358XBY7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3705000 | PA      | $3840110.24   | 0.17%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY                                                            | TENNESSEE HOUSING DEVELOPMENT AGENCY 3.5% 01-01-47                                                   | CUSIP: 880461JT6<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    125000 | PA      | $124781.63    | 0.01%             | 2047-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TEXAS DEPARTMENT OF HOUSING & COMMUNITY AFFAIRS                                  | PALLADIUM OLD FM 471 W LTD FHA 221(D)(4) (MPT) 3.05% 09-01-29                                        | CUSIP: 88275AEU0<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2628199.88   | 0.12%             | 2029-09-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY                                                         | PENNSYLVANIA HOUSING FINANCE AGENCY 3.0% 10-01-51                                                    | CUSIP: 70879QLX9<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    485000 | PA      | $480010.32    | 0.02%             | 2051-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HIGHER ED ASSISTANCE AGY                                         | PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY 5.0% 06-01-30                                        | CUSIP: 70878CAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $421265.60    | 0.02%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HIGHER ED ASSISTANCE AGY                                         | PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY 5.0% 06-01-27                                        | CUSIP: 70878CAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $534364.95    | 0.02%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA PUBLIC SERVICE AUTHORITY                                          | SOUTH CAROLINA PUBLIC SERVICE AUTHORITY 5.0% 12-01-29                                                | CUSIP: 837151ZG7<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |     85000 | PA      | $92512.90     | 0.00%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST HSG FIN & DEV AUTH                                             | SOUTH CAROLINA STATE HOUSING FINANCE & DEVELOPMENT AUTHORITY 4.0% 01-01-52                           | CUSIP: 83712DV78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $636058.08    | 0.03%             | 2052-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UTAH (STATE OF)                                                                  | STATE OF UTAH 5.0% 07-01-26                                                                          | CUSIP: 917542VU3<br>LEI: 254900RWV9NSVUZONC07 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015320.00   | 0.05%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VERMONT HSG FIN AGY                                                              | VERMONT HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 3.75% 11-01-50                                        | CUSIP: 924190TR2<br>LEI: 549300RD7EYN90K0W008 | Long             | DBT              | MUN               | US        |    175000 | PA      | $174966.40    | 0.01%             | 2050-11-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FINANCING AUTHORITY                                   | LIFESPIRE OF VIRGINIA OBLIGATED GROUP 3.0% 12-01-26                                                  | CUSIP: 928103AP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $233367.22    | 0.01%             | 2026-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ALASKA HOUSING FINANCE CORP                                                      | ALASKA HOUSING FINANCE CORP 5.0% 06-01-27                                                            | CUSIP: 011839YF8<br>LEI: 549300HJ8NOJNYW6ER36 | Long             | DBT              | MUN               | US        |    590000 | PA      | $611440.01    | 0.03%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALASKA HOUSING FINANCE CORP                                                      | ALASKA HOUSING FINANCE CORP 5.0% 12-01-27                                                            | CUSIP: 011839YG6<br>LEI: 549300HJ8NOJNYW6ER36 | Long             | DBT              | MUN               | US        |    600000 | PA      | $627789.00    | 0.03%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALASKA HOUSING FINANCE CORP                                                      | ALASKA HOUSING FINANCE CORP 5.0% 06-01-26                                                            | CUSIP: 011839YD3<br>LEI: 549300HJ8NOJNYW6ER36 | Long             | DBT              | MUN               | US        |    550000 | PA      | $557015.25    | 0.03%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP                                                             | FLORIDA HOUSING FINANCE CORP GNMA/FNMA/FHLMC 4.0% 07-01-48                                           | CUSIP: 34074MQE4<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |     95000 | PA      | $95010.55     | 0.00%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP                                                             | FLORIDA HOUSING FINANCE CORP GNMA/FNMA/FHLMC 4.0% 07-01-49                                           | CUSIP: 34074MRH6<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    310000 | PA      | $310461.28    | 0.01%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP                                                             | FLORIDA HOUSING FINANCE CORP GNMA/FNMA/FHLMC 4.25% 01-01-50                                          | CUSIP: 34074MSJ1<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    515000 | PA      | $517326.77    | 0.02%             | 2050-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GOOSE CREEK TEX CONS INDPT SCH DIST                                              | GOOSE CREEK CONSOLIDATED INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-27                           | CUSIP: 3826042P0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1159853.63   | 0.05%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS WATER DEV BRD                                                              | STATE WATER IMPLEMENTATION REVENUE FUND FOR TEXAS 5.0% 10-15-37                                      | CUSIP: 88285AFN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2480000 | PA      | $2838870.88   | 0.13%             | 2037-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOMBALL BUSINESS IMPROVEMENT DISTRICT NO 1                                       | TOMBALL BUSINESS IMPROVEMENT DISTRICT NO 1 6.0% 11-15-29                                             | CUSIP: 88984NAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $307258.56    | 0.01%             | 2029-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GOOSE CREEK TEX CONS INDPT SCH DIST                                              | GOOSE CREEK CONSOLIDATED INDEPENDENT SCHOOL DISTRICT PSF-GTD (MPT) 0.6% 02-15-35                     | CUSIP: 3826043G9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $794638.35    | 0.04%             | 2035-02-15      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| GUAM POWER AUTHORITY                                                             | GUAM POWER AUTHORITY 5.0% 10-01-28                                                                   | CUSIP: 400653JT9<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | GU        |   1000000 | PA      | $1055860.00   | 0.05%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRINCE WILLIAM COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                           | COUNTY OF PRINCE WILLIAM VA 5.0% 10-01-27                                                            | CUSIP: 741752CU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2070000 | PA      | $2162307.51   | 0.10%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMISSION                                              | PENNSYLVANIA TURNPIKE COMMISSION 5.0% 06-01-26                                                       | CUSIP: 709224LK3<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3004950.00   | 0.14%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF GEORGETOWN TX UTILITY SYSTEM REVENUE                                     | CITY OF GEORGETOWN TX UTILITY SYSTEM REVENUE AG 5.0% 08-15-26                                        | CUSIP: 373064N59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016640.00   | 0.05%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH FLA                                                | GREATER ORLANDO AVIATION AUTHORITY 5.0% 10-01-29                                                     | CUSIP: 392274Q25<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016723.00   | 0.05%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GERMANTOWN WIS SCH DIST                                                          | GERMANTOWN SCHOOL DISTRICT 3.0% 04-01-30                                                             | CUSIP: 374100KU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1402909.65   | 0.06%             | 2030-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GREGORY PORTLAND TEX INDPT SCH DIST                                              | GREGORY-PORTLAND INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-26                                   | CUSIP: 397586SJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006172.00   | 0.05%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOMBALL BUSINESS IMPROVEMENT DISTRICT NO 1                                       | TOMBALL BUSINESS IMPROVEMENT DISTRICT NO 1 6.5% 11-15-28                                             | CUSIP: 88984NAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $288722.01    | 0.01%             | 2028-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TOMBALL BUSINESS IMPROVEMENT DISTRICT NO 1                                       | TOMBALL BUSINESS IMPROVEMENT DISTRICT NO 1 6.5% 11-15-30                                             | CUSIP: 88984NAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $330493.86    | 0.01%             | 2030-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GREATER TEXOMA UTIL AUTH TEX                                                     | CITY OF SHERMAN TX WATER & SEWER SYSTEM REVENUE BAM 5.0% 10-01-28                                    | CUSIP: 39239MDJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3360000 | PA      | $3562728.96   | 0.16%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGETOWN TEX INDPT SCH DIST                                                    | GEORGETOWN INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-28                                         | CUSIP: 373046C90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $526242.00    | 0.02%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMISSION                                              | PENNSYLVANIA TURNPIKE COMMISSION 5.0% 12-01-45                                                       | CUSIP: 709224KX6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    600000 | PA      | $600990.00    | 0.03%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                            | WASTE MANAGEMENT PA OBLIGATED GROUP (MPT) 4.25% 07-01-41                                             | CUSIP: 708692BF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2021660.00   | 0.09%             | 2041-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TARRANT COUNTY HOUSING FINANCE CORP                                              | 6225 SHADY OAKS MANOR DRIVE TX OWNER LP (MPT) 3.6% 02-01-43                                          | CUSIP: 876394UP0<br>LEI: 54930055IA4O4ZTEN156 | Long             | DBT              | MUN               | US        |   3125000 | PA      | $3154312.50   | 0.14%             | 2043-02-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH BRIDGE & TUNNEL AUTHORITY                                             | TRIBOROUGH BRIDGE & TUNNEL AUTHORITY REAL ESTATE TRANSFER TAX 5.0% 12-01-31                          | CUSIP: 896032AG4<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1826744.00   | 0.08%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGETOWN TEX INDPT SCH DIST                                                    | GEORGETOWN INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-27                                         | CUSIP: 373046C82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514977.50    | 0.02%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGETOWN TEX INDPT SCH DIST                                                    | GEORGETOWN INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-26                                         | CUSIP: 373046C74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503186.50    | 0.02%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST HSG & FIN AUTH                                                        | GEORGIA HOUSING & FINANCE AUTHORITY 3.5% 12-01-46                                                    | CUSIP: 3735393F0<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |     15000 | PA      | $14994.75     | 0.00%             | 2046-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GASTONIA HOUSING AUTHORITY                                                       | STONECROFT VILLAGE II LP HUD SECT 8 (MPT) 3.5% 05-01-28                                              | CUSIP: 367322AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2024000 | PA      | $2037803.68   | 0.09%             | 2028-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY                                                            | TENNESSEE HOUSING DEVELOPMENT AGENCY GNMA/FNMA/FHLMC 6.0% 01-01-56                                   | CUSIP: 88046KQU3<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |   2195000 | PA      | $2419539.72   | 0.11%             | 2056-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| THF PUBLIC FACILITY CORP                                                         | THF COVINGTON ACRES LP (MPT) 3.34% 02-01-44                                                          | CUSIP: 883720AE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2085000 | PA      | $2101523.63   | 0.09%             | 2044-02-01      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| GRAPEVINE-COLLEYVILLE INDPT SCH DIST TEX                                         | GRAPEVINE-COLLEYVILLE INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 08-15-26                              | CUSIP: 3886407E8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4615000 | PA      | $4696847.03   | 0.21%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES DEPARTMENT OF AIRPORTS LOS ANGELES INTERNATIONAL AIR                 | CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS 5.0% 05-15-28                                             | CUSIP: 544445W70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $789181.50    | 0.04%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAMAR TEX CONS INDPT SCH DIST                                                    | LAMAR CONSOLIDATED INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-29                                 | CUSIP: 513174ZC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $371504.63    | 0.02%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES DEPARTMENT OF WATER & POWER WATER SYSTEM REVENUE                     | LOS ANGELES DEPARTMENT OF WATER & POWER WATER SYSTEM REVENUE 5.0% 07-01-30                           | CUSIP: 544525R42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $237057.07    | 0.01%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEATTLE WASHINGTON PORT OF                                                       | PORT OF SEATTLE WA 5.0% 02-01-28                                                                     | CUSIP: 735389YG7<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005291.00   | 0.05%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY WISCONSIN                                               | WASTE MANAGEMENT INC (MPT) 1.1% 07-01-29                                                             | CUSIP: 74445MAC3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2380000 | PA      | $2340480.10   | 0.11%             | 2029-07-01      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER & EXPOSITION AUTH (HYATT REGENCY MCCORMICK PL)                 | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND 4.0% 12-15-27                               | CUSIP: 592250FK5<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    470000 | PA      | $478099.04    | 0.02%             | 2027-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD HSG                                                               | MT SFM PAC (100-400) PSA 16A-2 SF 3.5% 06-01-44                                                      | CUSIP: 61212WCF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $34966.51     | 0.00%             | 2044-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TULARE JOINT UNION HIGH SCHOOL DISTRICT                                          | TULARE JOINT UNION HIGH SCHOOL DISTRICT NATL 0.0% 08-01-26                                           | CUSIP: 899096AX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $489854.50    | 0.02%             | 2026-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TOMBALL TEX INDPT SCH DIST                                                       | TOMBALL INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-27                                            | CUSIP: 889855Z88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1081182.90   | 0.05%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                            | PA BRIDGES FINCO LP 5.0% 12-31-25                                                                    | CUSIP: 70869PJS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2229694.75   | 0.10%             | 2025-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY                                                         | PA SFM PAC (100-500) PSA 17-122 SF 4.0% 10-01-46                                                     | CUSIP: 7087964R5<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1220408.70   | 0.05%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD HSG                                                               | TWIN CREEK 4 HOUSING ASSOCIATES LLLP (MPT) 5.0% 09-01-28                                             | CUSIP: 61212VAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1084000 | PA      | $1121657.08   | 0.05%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY                                                         | PA HFA SFM AMT PAC (100-500) PSA 17-123A SF 4.0% 04-01-39                                            | CUSIP: 7087965R4<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    115000 | PA      | $114921.80    | 0.01%             | 2039-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT                                | CHILDREN'S HOSPITAL OF PHILADELPHIA OBLIGATED GROUP 5.0% 07-01-34                                    | CUSIP: 717901BG6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1565399.51   | 0.07%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS DEPARTMENT OF HOUSING & COMMUNITY AFFAIRS                                  | TEXAS DEPARTMENT OF HOUSING & COMMUNITY AFFAIRS GNMA COLL 6.25% 01-01-56                             | CUSIP: 882750P55<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2806530.00   | 0.13%             | 2056-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CITY OF TACOMA WA ELECTRIC SYSTEM REVENUE                                        | CITY OF TACOMA WA ELECTRIC SYSTEM REVENUE 4.0% 01-01-42                                              | CUSIP: 873519MZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1773838.01   | 0.08%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMISSION                                              | PENNSYLVANIA TURNPIKE COMMISSION 5.0% 12-01-27                                                       | CUSIP: 709224ZH5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    515000 | PA      | $539811.16    | 0.02%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTHORITY OF NEW YORK AND NEW JERSEY                                        | PORT AUTHORITY OF NEW YORK & NEW JERSEY 5.0% 09-15-28                                                | CUSIP: 73358WR89<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   4455000 | PA      | $4644671.63   | 0.21%             | 2028-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                            | WASTE MANAGEMENT PA OBLIGATED GROUP (MPT) 0.95% 12-01-33                                             | CUSIP: 708692BC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4850840.00   | 0.22%             | 2033-12-01      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY                                                         | PENNSYLVANIA HOUSING FINANCE AGENCY 4.75% 04-01-33                                                   | CUSIP: 70879QDC4<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |     95000 | PA      | $95241.68     | 0.00%             | 2033-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RALEIGH-DURHAM N C ARPT AUTH                                                     | RALEIGH DURHAM AIRPORT AUTHORITY 5.0% 05-01-26                                                       | CUSIP: 751073KK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1617312.68   | 0.07%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RALEIGH-DURHAM N C ARPT AUTH                                                     | RALEIGH DURHAM AIRPORT AUTHORITY 5.0% 05-01-28                                                       | CUSIP: 751073KM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001440.00   | 0.05%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCKWALL CNTY TEX                                                                | COUNTY OF ROCKWALL TX 5.0% 02-01-26                                                                  | CUSIP: 774268QT6<br>LEI: 549300EBIHXYCV58YR59 | Long             | DBT              | MUN               | US        |    260000 | PA      | $261268.02    | 0.01%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REGIONAL TRANSPORTATION DISTRICT                                                 | DENVER TRANSIT PARTNERS LLC 5.0% 01-15-29                                                            | CUSIP: 759151BE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $420132.00    | 0.02%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REGIONAL TRANSPORTATION DISTRICT                                                 | DENVER TRANSIT PARTNERS LLC 5.0% 07-15-27                                                            | CUSIP: 759151BB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $210223.40    | 0.01%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HOUSING AND MORTGAGE FINANCE CORP                                   | RHODE ISLAND HOUSING & MORTGAGE FINANCE CORP 3.0% 10-01-51                                           | CUSIP: 76221RR62<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2826401.00   | 0.13%             | 2051-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CENTRAL TEXAS TURNPIKE SYSTEM                                                    | CENTRAL TEXAS TURNPIKE SYSTEM AMBAC 0.0% 08-15-27                                                    | CUSIP: 882762FB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3370000 | PA      | $3194958.83   | 0.14%             | 2027-08-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY                                                            | TENNESSEE HOUSING DEVELOPMENT AGENCY 4.0% 07-01-42                                                   | CUSIP: 880461NL8<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    440000 | PA      | $440480.92    | 0.02%             | 2042-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TEX ELECTRIC & GAS                                                   | CITY OF SAN ANTONIO TX ELECTRIC & GAS SYSTEMS REVENUE 5.0% 02-01-27                                  | CUSIP: 79625GEE9<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |     90000 | PA      | $92532.60     | 0.00%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TEX ELECTRIC & GAS                                                   | CITY OF SAN ANTONIO TX ELECTRIC & GAS SYSTEMS REVENUE (MPT) 3.08% 02-01-55                           | CUSIP: 79625GNE9<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   6325000 | PA      | $6323747.65   | 0.28%             | 2055-02-01      | Fixed         | 3.08%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TEX ELECTRIC & GAS                                                   | CITY OF SAN ANTONIO TX ELECTRIC & GAS SYSTEMS REVENUE 5.0% 02-01-26                                  | CUSIP: 7962533Z3<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1407000.00   | 0.06%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA PUBLIC SERVICE AUTHORITY                                          | SOUTH CAROLINA PUBLIC SERVICE AUTHORITY 5.0% 12-01-31                                                | CUSIP: 837151PM5<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2015000 | PA      | $2040024.29   | 0.09%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA PUBLIC SERVICE AUTHORITY                                          | SOUTH CAROLINA PUBLIC SERVICE AUTHORITY 5.0% 12-01-33                                                | CUSIP: 837151PP8<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1062217.80   | 0.05%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST HSG FIN & DEV AUTH                                             | SOUTH CAROLINA STATE HOUSING FINANCE & DEVELOPMENT AUTHORITY 4.0% 01-01-47                           | CUSIP: 83712DXJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20002.22     | 0.00%             | 2047-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SANTA MARGARITA CALIF WTR DIST                                                   | SANTA MARGARITA WATER DISTRICT COMMUNITY FACILITIES DISTRICT NO 99-1 5.0% 09-01-29                   | CUSIP: 802242FF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1151810.10   | 0.05%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF SALT LAKE CITY UT AIRPORT REVENUE                                        | CITY OF SALT LAKE CITY UT AIRPORT REVENUE 5.0% 07-01-29                                              | CUSIP: 795576FN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $826167.20    | 0.04%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST HSG FIN & DEV AUTH                                             | SOUTH CAROLINA STATE HOUSING FINANCE & DEVELOPMENT AUTHORITY FHA INS GNMA/FNMA/FHLMC 4.0% 07-01-47   | CUSIP: 83712DYP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30017.67     | 0.00%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO SALES TAX SECURITIZATION CORPORATION                                     | SALES TAX SECURITIZATION CORP 5.0% 01-01-27                                                          | CUSIP: 79467BAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025968.00   | 0.05%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA HSG DEV AUTH                                                        | SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY 4.0% 11-01-48                                             | CUSIP: 83756CVM4<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    130000 | PA      | $130190.97    | 0.01%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STATE OF OHIO                                                                    | REPUBLIC SERVICES INC (MPT) 3.45% 11-01-35                                                           | CUSIP: 67759ABG3<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   7265000 | PA      | $7262522.64   | 0.33%             | 2035-11-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY                                                            | TENNESSEE HOUSING DEVELOPMENT AGENCY 4.0% 01-01-42                                                   | CUSIP: 880461PT9<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    655000 | PA      | $656687.28    | 0.03%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS WATER DEV BRD                                                              | STATE WATER IMPLEMENTATION REVENUE FUND FOR TEXAS 5.0% 10-15-30                                      | CUSIP: 882854N99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $834790.32    | 0.04%             | 2030-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO HEALTH FACILITIES AUTHORITY                                                | TRINITY HEALTH CORP OBLIGATED GROUP (MPT) 2.95% 12-01-48                                             | CUSIP: 45129UCB8<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3400000.00   | 0.15%             | 2048-12-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF MICHIGAN                                                           | UNIVERSITY OF MICHIGAN FRN 04-01-42                                                                  | CUSIP: 914455LR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8600000 | PA      | $8600000.00   | 0.39%             | 2042-04-01      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH                                                      | SAN JOSE SOUTH 1ST STREET ASSOCIATES LP (MPT) 3.45% 12-01-29                                         | CUSIP: 130483GP9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1920000 | PA      | $1940641.92   | 0.09%             | 2029-12-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF CALIFORNIA                                                         | UNIVERSITY OF CALIFORNIA 5.0% 05-15-26                                                               | CUSIP: 91412HLM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25327.15     | 0.00%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UKIAH UNIFIED SCHOOL DISTRICT/CA                                                 | UKIAH UNIFIED SCHOOL DISTRICT NATL 0.0% 08-01-28                                                     | CUSIP: 903698CF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $464592.50    | 0.02%             | 2028-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH                                                      | VIEW AT SAN BRUNO LP (MPT) 5.0% 06-01-56                                                             | CUSIP: 130483HC7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1786718.70   | 0.08%             | 2056-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO TRANSIT AUTHORITY SALES TAX RECEIPTS FUND                                | CHICAGO TRANSIT AUTHORITY SALES TAX RECEIPTS FUND 5.0% 12-01-29                                      | CUSIP: 16772PDX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1330805.70   | 0.06%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH HOUSING CORP                                                                | NEW CITY PLAZA PARTNERS I LLC HUD SECT 8 FHA  221(D4) 3.625% 02-01-26                                | CUSIP: 917434CX8<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   9830000 | PA      | $9836232.22   | 0.44%             | 2026-02-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UTAH TELECOMMUNICATION OPEN INFRASTRUCTURE AGENCY                                | UTAH TELECOMMUNICATION OPEN INFRASTRUCTURE AGENCY 5.0% 06-01-29                                      | CUSIP: 91756SAG8<br>LEI: 549300LCGT5UXUJ1LP77 | Long             | DBT              | MUN               | US        |    130000 | PA      | $140280.40    | 0.01%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                                  | CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 01-01-56                                  | CUSIP: 13013JFW1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    815000 | PA      | $909567.71    | 0.04%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH                                                      | CONNECTICUT HOUSING FINANCE AUTHORITY 3.5% 11-15-46                                                  | CUSIP: 20775CKS2<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |     45000 | PA      | $45006.98     | 0.00%             | 2046-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UTAH TELECOMMUNICATION OPEN INFRASTRUCTURE AGENCY                                | UTAH TELECOMMUNICATION OPEN INFRASTRUCTURE AGENCY 5.0% 06-01-26                                      | CUSIP: 91756SAD5<br>LEI: 549300LCGT5UXUJ1LP77 | Long             | DBT              | MUN               | US        |    400000 | PA      | $404364.80    | 0.02%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH TELECOMMUNICATION OPEN INFRASTRUCTURE AGENCY                                | UTAH TELECOMMUNICATION OPEN INFRASTRUCTURE AGENCY 5.0% 06-01-30                                      | CUSIP: 91756SAH6<br>LEI: 549300LCGT5UXUJ1LP77 | Long             | DBT              | MUN               | US        |    305000 | PA      | $335628.10    | 0.02%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH TELECOMMUNICATION OPEN INFRASTRUCTURE AGENCY                                | UTAH TELECOMMUNICATION OPEN INFRASTRUCTURE AGENCY 5.0% 06-01-27                                      | CUSIP: 91756SAE3<br>LEI: 549300LCGT5UXUJ1LP77 | Long             | DBT              | MUN               | US        |    320000 | PA      | $331024.96    | 0.01%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF UTAH                                                               | UNIVERSITY OF UTAH 5.0% 08-01-29                                                                     | CUSIP: 9151833B1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $543599.50    | 0.02%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBUS COUNTY HOUSING AUTHORITY                                                | HACG RAD II LP HUD SECT 8 (MPT) 3.3% 11-01-28                                                        | CUSIP: 199123CM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $879644.50    | 0.04%             | 2028-11-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY                                      | LELAND STANFORD JUNIOR UNIVERSITY (MPT) 5.0% 03-01-55                                                | CUSIP: 130179XB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $642300.96    | 0.03%             | 2055-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH HOUSING CORP                                                                | UTAH HOUSING CORP GNMA/FNMA/FHLMC COLL 6.0% 07-01-53                                                 | CUSIP: 917437BL8<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |    210000 | PA      | $225435.63    | 0.01%             | 2053-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UTAH HOUSING CORP                                                                | UTAH HOUSING CORP FHA INS 4.0% 01-01-45                                                              | CUSIP: 9174366Y8<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |    130000 | PA      | $130014.43    | 0.01%             | 2045-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY                                             | COVENANT LIVING COMMUNITIES AND SERVICES OBLIGATED GROUP 5.0% 12-01-28                               | CUSIP: 19648FYZ1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043065.00   | 0.05%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY                                             | COVENANT LIVING COMMUNITIES AND SERVICES OBLIGATED GROUP 5.0% 12-01-26                               | CUSIP: 19648FYX6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    740000 | PA      | $750542.04    | 0.03%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY                                             | COVENANT LIVING COMMUNITIES AND SERVICES OBLIGATED GROUP 5.0% 12-01-27                               | CUSIP: 19648FYY4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    800000 | PA      | $822983.20    | 0.04%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA (STATE OF)                                                            | STATE OF CALIFORNIA 5.0% 03-01-30                                                                    | CUSIP: 13063ELT1<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1385748.75   | 0.06%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA (STATE OF)                                                            | STATE OF CALIFORNIA 5.0% 03-01-28                                                                    | CUSIP: 13063ELF1<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   1985000 | PA      | $2100449.59   | 0.09%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGY NORTHWEST                                                                 | BONNEVILLE POWER ADMINISTRATION 5.0% 07-01-26                                                        | CUSIP: 29270CR23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1091682.93   | 0.05%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAST BATON ROUGE PARISH LA INC INDL DEV BRD                                      | EXXON MOBIL CORP FRN 08-01-35                                                                        | CUSIP: 270777AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.14%             | 2035-08-01      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| FHLMC MULTIFAMILY VRD CERTIFICATES                                               | FHLMC MULTIFAMILY VRD CERTIFICATES FRN 12-15-28                                                      | CUSIP: 31350ACW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1980000 | PA      | $1980000.00   | 0.09%             | 2028-12-15      | Variable      | 3.43%                 | Yes           |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP                                                             | FLORIDA HOUSING FINANCE CORP GNMA/FNMA/FHLMC 3.5% 07-01-51                                           | CUSIP: 34074MUL3<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    385000 | PA      | $383432.28    | 0.02%             | 2051-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FORT WORTH TEX INDPT SCH DIST                                                    | FORT WORTH INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-27                                         | CUSIP: 349461AG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029698.00   | 0.05%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST HSG FIN & DEV AUTH                                             | SOUTH CAROLINA STATE HOUSING FINANCE & DEVELOPMENT AUTHORITY 4.5% 07-01-48                           | CUSIP: 83712DZR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $321870.08    | 0.01%             | 2048-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CITY OF SALT LAKE CITY UT AIRPORT REVENUE                                        | CITY OF SALT LAKE CITY UT AIRPORT REVENUE 5.0% 07-01-28                                              | CUSIP: 795576GY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051969.00   | 0.05%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP                                                             | FLORIDA HOUSING FINANCE CORP GNMA/FNMA/FHLMC 3.0% 07-01-52                                           | CUSIP: 34074MXW6<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   3835000 | PA      | $3773022.57   | 0.17%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND TX GRAND PKWY TOLL ROAD AUTH                                           | FORT BEND GRAND PARKWAY TOLL ROAD AUTHORITY CNTY GTD 5.0% 03-01-27                                   | CUSIP: 346832BU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $340063.35    | 0.02%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP                                                             | FLORIDA HOUSING FINANCE CORP GNMA/FNMA/FHLMC 3.5% 07-01-52                                           | CUSIP: 34074MZA2<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    665000 | PA      | $662021.47    | 0.03%             | 2052-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FLORIDA (STATE OF)                                                               | STATE OF FLORIDA 5.0% 07-01-27                                                                       | CUSIP: 3411504Q0<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    445000 | PA      | $462130.28    | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEPT TRANSN                                                           | STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION 5.0% 07-01-26                                          | CUSIP: 34160KBK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014726.00   | 0.05%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST TPK AUTH                                                              | STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION TURNPIKE SYSTEM REVENUE 5.0% 07-01-26                  | CUSIP: 343137QT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1537609.86   | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP                                                             | FLORIDA HOUSING FINANCE CORP GNMA/FNMA/FHLMC COLL 5.75% 01-01-54                                     | CUSIP: 34074MP70<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    990000 | PA      | $1073379.78   | 0.05%             | 2054-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FRISCO INDEPENDENT SCHOOL DISTRICT                                               | FRISCO INDEPENDENT SCHOOL DISTRICT PSF-GTD 0.0% 08-15-27                                             | CUSIP: 358802QN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $948892.00    | 0.04%             | 2027-08-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA REDEV & HSG AUTH                                                 | APAH TYSONS NORTH FOUR LP (MPT) 5.0% 01-01-45                                                        | CUSIP: 303833LG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1941819.56   | 0.09%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP                                                             | FLORIDA HOUSING FINANCE CORP GNMA/FNMA/FHLMC 6.25% 07-01-55                                          | CUSIP: 34074M3Q2<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    895000 | PA      | $995696.45    | 0.04%             | 2055-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FAYETTE COUNTY DEVELOPMENT AUTHORITY                                             | UNITED STATES SOCCER FEDERATION INC 5.0% 10-01-27                                                    | CUSIP: 31222PAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $692267.45    | 0.03%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAYETTE COUNTY DEVELOPMENT AUTHORITY                                             | UNITED STATES SOCCER FEDERATION INC 5.0% 10-01-26                                                    | CUSIP: 31222PAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $446643.12    | 0.02%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP                                                             | FLORIDA HOUSING FINANCE CORP GNMA/FNMA/FHLMC 6.25% 01-01-55                                          | CUSIP: 34074M7G0<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    405000 | PA      | $444627.23    | 0.02%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FAIRFIELD COMMUNITY FACILITIES DISTRICT                                          | CITY OF FAIRFIELD CA COMMUNITY FACILITIES DISTRICT NO 2023-1 AREA NO 1 5.0% 09-01-32                 | CUSIP: 304194FJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $432612.00    | 0.02%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH HOUSING CORP                                                                | UTAH HOUSING CORP GNMA/FNMA/FHLMC 6.5% 01-01-54                                                      | CUSIP: 917437EP6<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |    360000 | PA      | $392674.32    | 0.02%             | 2054-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UTAH HOUSING CORP                                                                | UTAH HOUSING CORP GNMA/FNMA/FHLMC 6.0% 07-01-54                                                      | CUSIP: 917437JS5<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |    495000 | PA      | $547124.49    | 0.02%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA HSG DEV AUTH                                                        | SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY 4.5% 11-01-48                                             | CUSIP: 83756CWQ4<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    850000 | PA      | $856734.55    | 0.04%             | 2048-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AIRPORT COMMISSION OF THE CITY AND COUNTY OF SAN FRANCISCO                       | SFO FUEL CO LLC 5.0% 01-01-26                                                                        | CUSIP: 79766DND7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503834.00   | 0.07%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST MID-BAY BRIDGE AUTH                                                   | MID-BAY BRIDGE AUTHORITY AG 5.0% 10-01-30                                                            | CUSIP: 342814EG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5478520.00   | 0.25%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORNEY TEX INDPT SCH DIST                                                        | FORNEY INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 08-15-29                                             | CUSIP: 346425LS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2716492.50   | 0.12%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF CALIFORNIA                                                         | UNIVERSITY OF CALIFORNIA 5.0% 05-15-28                                                               | CUSIP: 91412HTN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5349805.00   | 0.24%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF NORTH TEXAS                                                        | UNIVERSITY OF NORTH TEXAS SYSTEM 5.0% 04-15-31                                                       | CUSIP: 914729XG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1790337.60   | 0.08%             | 2031-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP                                                             | BROWNSVILLE VILLAGE V LTD GNMA COLL (MPT) 3.35% 10-01-27                                             | CUSIP: 34074HHA3<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1235295.17   | 0.06%             | 2027-10-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP                                                             | RESIDENCES AT MARINA VILLAGE LLC (MPT) 2.85% 10-01-43                                                | CUSIP: 34074HHM7<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   2980000 | PA      | $2941811.30   | 0.13%             | 2043-10-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| TEXAS DEPARTMENT OF HOUSING & COMMUNITY AFFAIRS                                  | TEXAS DEPARTMENT OF HOUSING & COMMUNITY AFFAIRS GNMA COLL 4.0% 03-01-50                              | CUSIP: 88275FRD3<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1622113.64   | 0.07%             | 2050-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SECURITIZATION AUTH SOUTHN CALIF                                         | SAN DIEGO COUNTY TOBACCO ASSET SECURITIZATION CORP 5.0% 06-01-28                                     | CUSIP: 888804CD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $790934.25    | 0.04%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOOTHILL EASTERN TRANSN CORRIDOR AGY CALIF                                       | FOOTHILL-EASTERN TRANSPORTATION CORRIDOR AGENCY 5.9% 01-15-27                                        | CUSIP: 345105HE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3109350.00   | 0.14%             | 2027-01-15      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST TPK AUTH                                                              | STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION 5.0% 07-01-28                                          | CUSIP: 343137ZA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4165000 | PA      | $4423667.33   | 0.20%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SECURITIZATION AUTH SOUTHN CALIF                                         | SAN DIEGO COUNTY TOBACCO ASSET SECURITIZATION CORP 5.0% 06-01-27                                     | CUSIP: 888804CC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1659329.25   | 0.07%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS DEPARTMENT OF HOUSING & COMMUNITY AFFAIRS                                  | TEXAS DEPARTMENT OF HOUSING & COMMUNITY AFFAIRS GNMA 3.5% 03-01-51                                   | CUSIP: 88275FSG5<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |    490000 | PA      | $487505.90    | 0.02%             | 2051-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF NORTH TEXAS                                                        | UNIVERSITY OF NORTH TEXAS SYSTEM 5.0% 04-15-29                                                       | CUSIP: 914729XE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $727873.43    | 0.03%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF UNION NC                                                               | COUNTY OF UNION NC 5.0% 09-01-29                                                                     | CUSIP: 9063954K1<br>LEI: 5493007ESG9QHLUW6165 | Long             | DBT              | MUN               | US        |    500000 | PA      | $547247.00    | 0.02%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF UNION NC                                                               | COUNTY OF UNION NC 5.0% 09-01-30                                                                     | CUSIP: 9063954L9<br>LEI: 5493007ESG9QHLUW6165 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1140428.34   | 0.05%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH HOUSING CORP                                                                | LIBERTY CORNER ASSOCIATES LLC (MPT) 3.0% 09-01-45                                                    | CUSIP: 917434DL3<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   2435000 | PA      | $2427909.28   | 0.11%             | 2045-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD ED                                                                | STATE OF FLORIDA LOTTERY REVENUE 5.0% 07-01-27                                                       | CUSIP: 341507Q95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3175000 | PA      | $3222739.30   | 0.15%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOOTHILL EASTERN TRANSN CORRIDOR AGY CALIF                                       | FOOTHILL-EASTERN TRANSPORTATION CORRIDOR AGENCY 6.125% 01-15-28                                      | CUSIP: 345105HF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2149350.00   | 0.10%             | 2028-01-15      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| WILL COUNTY COMMUNITY UNIT SCHOOL DISTRICT NO 201-U CRETE-MONEE                  | WILL COUNTY COMMUNITY UNIT SCHOOL DISTRICT NO 201-U CRETE-MONEE NATL 0.0% 11-01-25                   | CUSIP: 969003UH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $530000.00    | 0.02%             | 2025-11-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WRIGHT ELEMENTARY SCHOOL DISTRICT                                                | WRIGHT ELEMENTARY SCHOOL DISTRICT NATL 0.0% 08-01-28                                                 | CUSIP: 982233BW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $294616.64    | 0.01%             | 2028-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN (STATE OF)                                                             | STATE OF WISCONSIN 5.0% 05-01-32                                                                     | CUSIP: 97705MR23<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1724110.50   | 0.08%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON (STATE OF)                                                            | STATE OF WASHINGTON 5.0% 08-01-32                                                                    | CUSIP: 93974FAH6<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   5115000 | PA      | $5881411.14   | 0.26%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA (STATE OF)                                                               | STATE OF FLORIDA 5.0% 07-01-27                                                                       | CUSIP: 341150U40<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    315000 | PA      | $319715.55    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                                     | VIRGINIA ELECTRIC AND POWER CO (MPT) 3.125% 10-01-40                                                 | CUSIP: 977228AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7025291.00   | 0.32%             | 2040-10-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| WILMINGTON HOUSING AUTHORITY                                                     | BRAD AVENUE FLATS LLC (MPT) 2.95% 05-01-44                                                           | CUSIP: 971696AK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2030000 | PA      | $2024728.09   | 0.09%             | 2044-05-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| TULSA CNTY OKLA INDPT SCH DIST NO 1 TULSA                                        | TULSA COUNTY INDEPENDENT SCHOOL DISTRICT NO 1 TULSA 2.0% 09-01-26                                    | CUSIP: 899525UW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1975692.00   | 0.09%             | 2026-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| TEXAS (STATE OF)                                                                 | STATE OF TEXAS 4.0% 08-01-30                                                                         | CUSIP: 882724VW4<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    560000 | PA      | $560379.12    | 0.03%             | 2030-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS TRANSPORTATION COMMISSION                                                  | TEXAS DEPARTMENT OF TRANSPORTATION TEXAS MOBILITY FUND (MPT) 0.65% 10-01-41                          | CUSIP: 882830BJ0<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5429528.50   | 0.24%             | 2041-10-01      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| WILLIS TEX INDPT SCH DIST                                                        | WILLIS INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-27                                             | CUSIP: 970667N49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3030000 | PA      | $3114476.40   | 0.14%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON STATE HOUSING FINANCE COMMISSION                                      | WA ST SFM 17-1N PAC (100-500) SF 4.0% 12-01-47                                                       | CUSIP: 93978TXF1<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    115000 | PA      | $115008.74    | 0.01%             | 2047-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TANGIPAHOA PARISH LA HOSP SVC DIST NO 1                                          | TANGIPAHOA PARISH HOSPITAL SERVICE DISTRICT NO 1 5.0% 02-01-27                                       | CUSIP: 875518EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1529434.50   | 0.07%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY                                                            | TENNESSEE HOUSING DEVELOPMENT AGENCY 4.0% 07-01-45                                                   | CUSIP: 880461FW3<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    105000 | PA      | $104991.18    | 0.00%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY                                                            | TENNESSEE HOUSING DEVELOPMENT AGENCY 5.0% 01-01-53                                                   | CUSIP: 88046KBD7<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    495000 | PA      | $510685.56    | 0.02%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS DEPARTMENT OF HOUSING & COMMUNITY AFFAIRS                                  | TEXAS DEPARTMENT OF HOUSING & COMMUNITY AFFAIRS GNMA COLL 5.75% 01-01-53                             | CUSIP: 882750SX1<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   3315000 | PA      | $3563492.40   | 0.16%             | 2053-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH BRIDGE & TUNNEL AUTHORITY                                             | METROPOLITAN TRANSPORTATION AUTHORITY PAYROLL MOBILITY TAX REVENUE 5.0% 11-15-27                     | CUSIP: 89602HEV5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   4950000 | PA      | $5157875.25   | 0.23%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS DEPARTMENT OF HOUSING & COMMUNITY AFFAIRS                                  | TEXAS DEPARTMENT OF HOUSING & COMMUNITY AFFAIRS GNMA COLL 6.0% 03-01-53                              | CUSIP: 88275FVW6<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1954128.68   | 0.09%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TEXAS DEPARTMENT OF HOUSING & COMMUNITY AFFAIRS                                  | TEXAS DEPARTMENT OF HOUSING & COMMUNITY AFFAIRS GNMA COLL 5.5% 07-01-53                              | CUSIP: 882750UA8<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   3065000 | PA      | $3274722.63   | 0.15%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY                                                            | TN HDA SFH PAC (100-400) PSA SF 4.0% 01-01-46                                                        | CUSIP: 880461HK7<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150016.65    | 0.01%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MOUNT DIABLO UNIFIED SCHOOL DISTRICT/CA                                          | MOUNT DIABLO UNIFIED SCHOOL DISTRICT 5.0% 08-01-29                                                   | CUSIP: 621196V35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1987468.20   | 0.09%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAINE FIN AUTH                                                                   | FINANCE AUTHORITY OF MAINE AG 5.0% 12-01-32                                                          | CUSIP: 56042TEJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1255330.44   | 0.06%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH BRIDGE & TUNNEL AUTHORITY                                             | TRIBOROUGH BRIDGE & TUNNEL AUTHORITY FRN 01-01-35                                                    | CUSIP: 89602RKE4<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |  12200000 | PA      | $12200000.00  | 0.55%             | 2035-01-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH BRIDGE & TUNNEL AUTHORITY                                             | TRIBOROUGH BRIDGE & TUNNEL AUTHORITY FRN 01-01-32                                                    | CUSIP: 89602RKC8<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2305000 | PA      | $2305000.00   | 0.10%             | 2032-01-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| TEXAS ST AFFORDABLE HSG CORP                                                     | FC JUNIPER CREEK HOUSING LP (MPT) 3.75% 07-01-44                                                     | CUSIP: 88271FFP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2085000 | PA      | $2091809.61   | 0.09%             | 2044-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TEXAS WATER DEV BRD                                                              | STATE WATER IMPLEMENTATION REVENUE FUND FOR TEXAS 5.0% 10-15-28                                      | CUSIP: 88285ACS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $246562.07    | 0.01%             | 2028-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVERNMENT NASHVILLE & DAVIDSON COUNTY HEALTH & EDUCATIONAL FACS BD | ECG TRINITY FLATS LP (MPT) 3.65% 10-01-46                                                            | CUSIP: 592113CS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1050134.80   | 0.05%             | 2046-10-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD HSG                                                               | FRANKLIN SCHOOL HOUSING PARTNERS LP HUD SECT 8 (MPT) 3.625% 10-01-28                                 | CUSIP: 61212VAV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001884.00   | 0.05%             | 2028-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| TUSTIN CALIF CMNTY FACS DIST                                                     | CITY OF TUSTIN CA COMMUNITY FACILITIES DISTRICT NO 07-1 5.0% 09-01-30                                | CUSIP: 901047HK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2768936.50   | 0.12%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS MUNICIPAL GAS ACQUISITION AND SUPPLY CORPORATION IV                        | TEXAS MUNICIPAL GAS ACQUISITION & SUPPLY CORP IV (MPT) 5.5% 01-01-54                                 | CUSIP: 88256PAG5<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   6450000 | PA      | $6916863.90   | 0.31%             | 2054-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TEXAS ST AFFORDABLE HSG CORP                                                     | AHFC-FC NORMAN HOUSING LP (MPT) 3.625% 01-01-45                                                      | CUSIP: 88271FFR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1157324.35   | 0.05%             | 2045-01-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| TEXAS DEPARTMENT OF HOUSING & COMMUNITY AFFAIRS                                  | TEXAS DEPARTMENT OF HOUSING & COMMUNITY AFFAIRS GNMA COLL 6.0% 03-01-54                              | CUSIP: 88275FYZ6<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |    840000 | PA      | $923066.76    | 0.04%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY                                     | MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY 3.5% 06-01-47                                           | CUSIP: 5946537N1<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    185000 | PA      | $184743.78    | 0.01%             | 2047-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY                                     | MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY (MPT) 5.0% 12-01-27                                     | CUSIP: 59465FAD2<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2036140.00   | 0.09%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH BRIDGE & TUNNEL AUTHORITY SALES TAX REVENUE                           | TRIBOROUGH BRIDGE & TUNNEL AUTHORITY SALES TAX REVENUE 5.0% 05-15-32                                 | CUSIP: 896035CM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $921640.80    | 0.04%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS (STATE OF)                                                                 | STATE OF TEXAS 5.0% 04-01-31                                                                         | CUSIP: 8827234P1<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   2990000 | PA      | $3012215.70   | 0.14%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARBLE FALLS INDEPENDENT SCHOOL DISTRICT                                         | MARBLE FALLS INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-26                                       | CUSIP: 566030XR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1711077.20   | 0.08%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MESQUITE TEX INDPT SCH DIST                                                      | MESQUITE INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 08-15-26                                           | CUSIP: 590760UJ1<br>LEI: 549300M7COV11VUIZE16 | Long             | DBT              | MUN               | US        |    565000 | PA      | $575064.35    | 0.03%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HOUSING & ECONOMIC DEVELOPMENT AUTHORITY HOME OWNERSHIP REVENUE        | WISCONSIN HOUSING & ECONOMIC DEVELOPMENT AUTHORITY HOME OWNERSHIP REVENUE FNMA COLL 4.0% 03-01-48    | CUSIP: 97689QFK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $90114.21     | 0.00%             | 2048-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN (STATE OF)                                                             | STATE OF WISCONSIN 5.0% 11-01-27                                                                     | CUSIP: 97705MKP9<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1087570.05   | 0.05%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS MUN GAS ACQUISITION & SUPPLY CORP I GAS SUPPLY REV                         | TEXAS MUNICIPAL GAS ACQUISITION AND SUPPLY CORP I 6.25% 12-15-26                                     | CUSIP: 88256CEX3<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |   4505000 | PA      | $4583062.64   | 0.21%             | 2026-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TSASC INC N Y                                                                    | TSASC INC 5.0% 06-01-27                                                                              | CUSIP: 898526EV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1543518.00   | 0.07%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE COUNTY HOUSING FINANCE AUTHORITY                                      | RESIDENCES AT PALM COURT LLC (MPT) 2.95% 09-01-29                                                    | CUSIP: 593344CD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1477701.54   | 0.07%             | 2029-09-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY                                     | MIDLAND CADDIS 4 LTD DIVIDEND HOUSING ASSOCIATION LLC (MPT) 2.9% 09-01-45                            | CUSIP: 59465FAE0<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2972847.00   | 0.13%             | 2045-09-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS SCHOOL BUILDING AUTHORITY                                          | MASSACHUSETTS SCHOOL BUILDING AUTHORITY 5.0% 02-15-32                                                | CUSIP: 576000F40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5711880.00   | 0.26%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HEALTH & EDL FACS AUTH                                               | COXHEALTH OBLIGATED GROUP 5.0% 11-15-32                                                              | CUSIP: 60637AYP1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    900000 | PA      | $1006661.70   | 0.05%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA (STATE OF)                                                             | STATE OF MINNESOTA 5.0% 08-01-26                                                                     | CUSIP: 60412A2U6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4235000 | PA      | $4308722.88   | 0.19%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MANTECA CALIF UNI SCH DIST                                                       | MANTECA UNIFIED SCHOOL DISTRICT NATL 0.0% 08-01-31                                                   | CUSIP: 564538CS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1071015.00   | 0.05%             | 2031-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY ARIZ INDL DEV AUTH                                                 | BANNER HEALTH OBLIGATED GROUP 5.0% 01-01-38                                                          | CUSIP: 56682HCC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $398076.12    | 0.02%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST DEPT TRANSN                                                          | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION 5.0% 11-01-26                                         | CUSIP: 574204D34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $3053681.35   | 0.14%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HOUSING & ECONOMIC DEVELOPMENT AUTHORITY HOME OWNERSHIP REVENUE        | WISCONSIN HOUSING & ECONOMIC DEVELOPMENT AUTHORITY HOME OWNERSHIP REVENUE 4.0% 03-01-48              | CUSIP: 97689QHL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $305453.84    | 0.01%             | 2048-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON STATE HOUSING FINANCE COMMISSION                                      | WASHINGTON STATE HOUSING FINANCE COMMISSION 4.0% 12-01-48                                            | CUSIP: 93978TB99<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    835000 | PA      | $837410.65    | 0.04%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSPORTATION AUTHORITY                                            | METROPOLITAN TRANSPORTATION AUTHORITY 5.0% 11-15-30                                                  | CUSIP: 59259Y5V7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000709.00   | 0.05%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                         | MINNESOTA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC COLL HUD LN 4.0% 01-01-47                           | CUSIP: 60416STC4<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5002.22      | 0.00%             | 2047-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON STATE HOUSING FINANCE COMMISSION                                      | WASHINGTON STATE HOUSING FINANCE COMMISSION 4.0% 06-01-49                                            | CUSIP: 93978TF46<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    220000 | PA      | $220791.12    | 0.01%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| YAVAPAI CNTY ARIZ INDL DEV AUTH                                                  | WASTE MANAGEMENT INC 1.3% 06-01-27                                                                   | CUSIP: 98521UAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $432117.45    | 0.02%             | 2027-06-01      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| EAST BATON ROUGE PARISH LA INC INDL DEV BRD                                      | EXXON MOBIL CORP FRN 12-01-40                                                                        | CUSIP: 270777AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6800000 | PA      | $6800000.00   | 0.31%             | 2040-12-01      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| CITY OF VALDEZ AK                                                                | EXXON MOBIL CORP FRN 12-01-33                                                                        | CUSIP: 919061DU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3700000.00   | 0.17%             | 2033-12-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| GULF COAST WASTE DISP AUTH TEX                                                   | EXXON MOBIL CORP FRN 12-01-25                                                                        | CUSIP: 40222PAL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2760000 | PA      | $2760000.00   | 0.12%             | 2025-12-01      | Variable      | 3.98%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY ACT                      | TRUSTEES OF DARTMOUTH COLLEGE FRN 06-01-41                                                           | CUSIP: 644614RZ4<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   1945000 | PA      | $1945000.00   | 0.09%             | 2041-06-01      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| MAINE STATE HOUSING AUTHORITY                                                    | MAINE STATE HOUSING AUTHORITY 4.0% 11-15-47                                                          | CUSIP: 56052FGP4<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15016.76     | 0.00%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF VALDEZ AK                                                                | EXXON MOBIL CORP FRN 12-01-29                                                                        | CUSIP: 919061EH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 0.06%             | 2029-12-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| VIRGINIA COLLEGE BLDG AUTH VA                                                    | UNIVERSITY OF RICHMOND FRN 11-01-36                                                                  | CUSIP: 927781CR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5300000 | PA      | $5300000.00   | 0.24%             | 2036-11-01      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                                  | UST 2YR FUT TUZ5 12-31-25                                                                            | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |       783 | NC      | $-273384.63   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                                  | UST 10YR FUT ULTRA UXYZ5 12-19-25                                                                    | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |       482 | NC      | $-298509.97   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| LOS ANGELES DEPARTMENT OF AIRPORTS LOS ANGELES INTERNATIONAL AIR                 | CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS 5.0% 05-15-26                                             | CUSIP: 544445QQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1516275.00   | 0.07%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CALIF UNI SCH DIST                                                   | LOS ANGELES UNIFIED SCHOOL DISTRICT 5.0% 07-01-26                                                    | CUSIP: 544647CW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $300360.45    | 0.01%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES DEPARTMENT OF AIRPORTS LOS ANGELES INTERNATIONAL AIR                 | CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS 5.0% 05-15-27                                             | CUSIP: 544445SG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1265911.08   | 0.06%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                         | MINNESOTA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 4.0% 07-01-48                                       | CUSIP: 60416SXS4<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    695000 | PA      | $695077.15    | 0.03%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMN                                                        | MISSOURI HOUSING DEVELOPMENT COMMISSION GNMA/FNMA/FHLMC 4.25% 05-01-49                               | CUSIP: 60637BRC6<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    675000 | PA      | $678923.78    | 0.03%             | 2049-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                         | MINNESOTA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC HUD LN 4.0% 01-01-45                                | CUSIP: 60416SHX1<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    125000 | PA      | $124942.50    | 0.01%             | 2045-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY                                     | MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY 4.25% 06-01-49                                          | CUSIP: 594654DQ5<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1980000 | PA      | $1990296.00   | 0.09%             | 2049-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN                                                      | MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION RESIDENTIAL REVENUE 4.5% 09-01-48                      | CUSIP: 57419R3A1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1256189.44   | 0.06%             | 2048-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN                                                      | MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION RESIDENTIAL REVENUE 4.5% 09-01-48                      | CUSIP: 57419R3B9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $535104.43    | 0.02%             | 2048-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                         | MINNESOTA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 4.25% 01-01-49                                      | CUSIP: 60416SB66<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1456899.58   | 0.07%             | 2049-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD HSG                                                               | MONTANA BOARD OF HOUSING FHA INS HUD VA 4.25% 12-01-45                                               | CUSIP: 61213TBD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $638519.17    | 0.03%             | 2045-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                                                   | MAIN STREET NATURAL GAS INC 5.0% 05-15-26                                                            | CUSIP: 56035DBF8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3022539.00   | 0.14%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HIGHER ED ASSISTANCE AUTH                                          | NEW JERSEY HIGHER EDUCATION STUDENT ASSISTANCE AUTHORITY 5.0% 12-01-26                               | CUSIP: 646080UD1<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1047134.88   | 0.05%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HIGHER ED ASSISTANCE AUTH                                          | NEW JERSEY HIGHER EDUCATION STUDENT ASSISTANCE AUTHORITY 3.0% 12-01-32                               | CUSIP: 646080UK5<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2428430.00   | 0.11%             | 2032-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HIGHER ED ASSISTANCE AUTH                                          | NEW JERSEY HIGHER EDUCATION STUDENT ASSISTANCE AUTHORITY 3.0% 12-01-34                               | CUSIP: 646080UM1<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1441422.00   | 0.06%             | 2034-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY                                                       | NORTH CAROLINA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 4.0% 01-01-50                                  | CUSIP: 65821FHT6<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    725000 | PA      | $726341.98    | 0.03%             | 2050-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY HEALTH CARE FACILITIES FINANCING AUTHORITY                            | RWJ BARNABAS HEALTH OBLIGATED GROUP (MPT) 5.0% 07-01-45                                              | CUSIP: 645790MD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013538.00   | 0.05%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                                                      | NORTH DAKOTA HOUSING FINANCE AGENCY 3.75% 07-01-50                                                   | CUSIP: 658909XE1<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    340000 | PA      | $339930.64    | 0.02%             | 2050-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                     | CITY OF NEW YORK NY 5.0% 08-01-27                                                                    | CUSIP: 64966QGQ7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042602.00   | 0.05%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY                                                       | NORTH CAROLINA HOUSING FINANCE AGENCY 4.0% 07-01-50                                                  | CUSIP: 658207ZW8<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   2090000 | PA      | $2100585.85   | 0.09%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HIGHER ED ASSISTANCE AUTH                                          | NEW JERSEY HIGHER EDUCATION STUDENT ASSISTANCE AUTHORITY 3.5% 12-01-39                               | CUSIP: 646080UX7<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1337816.03   | 0.06%             | 2039-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HIGHER ED ASSISTANCE AUTH                                          | NEW JERSEY HIGHER EDUCATION STUDENT ASSISTANCE AUTHORITY 3.5% 12-01-39                               | CUSIP: 646080VF5<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    805000 | PA      | $778303.79    | 0.04%             | 2039-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NACOGDOCHES TEX INDPT SCH DIST                                                   | NACOGDOCHES INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-27                                        | CUSIP: 629649SM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $1013622.13   | 0.05%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTG FIN AGY                                                  | NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY 3.5% 04-01-51                                           | CUSIP: 64613ACX8<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    860000 | PA      | $856017.34    | 0.04%             | 2051-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEBRASKA INVESTMENT FINANCE AUTHORITY                                            | NEBRASKA INVESTMENT FINANCE AUTHORITY GNMA/FNMA/FHLMC 3.0% 09-01-50                                  | CUSIP: 63968MXD6<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |    280000 | PA      | $275771.44    | 0.01%             | 2050-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                                                      | NORTH DAKOTA HOUSING FINANCE AGENCY 3.0% 07-01-51                                                    | CUSIP: 658909ZR0<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   1005000 | PA      | $991712.90    | 0.04%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION                                  | JFK INTERNATIONAL AIR TERMINAL LLC 5.0% 12-01-25                                                     | CUSIP: 650116DE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001135.00   | 0.05%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION                                  | JFK INTERNATIONAL AIR TERMINAL LLC 5.0% 12-01-29                                                     | CUSIP: 650116DJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066069.00   | 0.05%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY                                        | NEW JERSEY-AMERICAN WATER CO INC 0.85% 12-01-25                                                      | CUSIP: 645780FS1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1749348.90   | 0.08%             | 2025-12-01      | Fixed         | 0.85%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY                                        | NEW JERSEY-AMERICAN WATER CO INC (MPT) 1.1% 11-01-29                                                 | CUSIP: 645780FR3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2176618.50   | 0.10%             | 2029-11-01      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION                                  | JFK INTERNATIONAL AIR TERMINAL LLC 5.0% 12-01-25                                                     | CUSIP: 650116EE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $881242.56    | 0.04%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTHORITY                                                 | NEW JERSEY TURNPIKE AUTHORITY 5.0% 01-01-28                                                          | CUSIP: 646140DH3<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2614094.25   | 0.12%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY                                                       | NORTH CAROLINA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 3.0% 07-01-51                                  | CUSIP: 658207G58<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1210938.69   | 0.05%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                     | CITY OF NEW YORK NY FRN 04-01-42                                                                     | CUSIP: 64966QWQ9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    195000 | PA      | $195000.00    | 0.01%             | 2042-04-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                                                      | NORTH DAKOTA HOUSING FINANCE AGENCY 3.0% 01-01-52                                                    | CUSIP: 658909C53<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    480000 | PA      | $473032.80    | 0.02%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                          | NEW YORK STATE HOUSING FINANCE AGENCY SONYMA (MPT) 0.65% 11-01-56                                    | CUSIP: 64987JLM1<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1515000.00   | 0.07%             | 2056-11-01      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIBERTY DEVELOPMENT CORP                                                | NEW YORK LIBERTY DEVELOPMENT CORP 0.95% 11-15-27                                                     | CUSIP: 649519DJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3645000 | PA      | $3415572.77   | 0.15%             | 2027-11-15      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                     | CITY OF NEW YORK NY 5.0% 08-01-33                                                                    | CUSIP: 64966QXH8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16711.08     | 0.00%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY                                                       | NORTH CAROLINA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC COLL 3.0% 07-01-51                             | CUSIP: 658207M28<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   4215000 | PA      | $4150341.90   | 0.19%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                                                      | NORTH DAKOTA HOUSING FINANCE AGENCY 3.0% 07-01-52                                                    | CUSIP: 658909E77<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1666775.20   | 0.08%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SONYMA HOMEOWNER MTG REV                                                         | STATE OF NEW YORK MORTGAGE AGENCY HOMEOWNER MORTGAGE REVENUE SONYMA 3.25% 10-01-51                   | CUSIP: 64988YMZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $754549.34    | 0.03%             | 2051-10-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO EDUCATIONAL ASSISTANCE FOUNDATION                                     | NEW MEXICO EDUCATIONAL ASSISTANCE FOUNDATION 2.05% 09-01-51                                          | CUSIP: 647110FU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $378797.48    | 0.02%             | 2051-09-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                          | NEW YORK STATE HOUSING FINANCE AGENCY SONYMA HUD SECT 8 (MPT) 1.1% 11-01-61                          | CUSIP: 64987JRC7<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   6265000 | PA      | $6011092.08   | 0.27%             | 2061-11-01      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                     | CITY OF NEW YORK NY FRN 04-01-42                                                                     | CUSIP: 64966JE77<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5500000.00   | 0.25%             | 2042-04-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NORFOLK VA                                                                       | CITY OF NORFOLK VA ST AID WITHHLDG 5.0% 08-01-44                                                     | CUSIP: 655867YK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063389.00   | 0.05%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SONYMA HOMEOWNER MTG REV                                                         | STATE OF NEW YORK MORTGAGE AGENCY HOMEOWNER MORTGAGE REVENUE SONYMA 3.5% 10-01-52                    | CUSIP: 64988YPH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $94545.33     | 0.00%             | 2052-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEVADA HOUSING DIVISION                                                          | NEVADA HOUSING DIVISION GNMA/FNMA/FHLMC 3.5% 04-01-51                                                | CUSIP: 641279RW6<br>LEI: 549300RE377OK3CTT852 | Long             | DBT              | MUN               | US        |    650000 | PA      | $646835.80    | 0.03%             | 2051-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                     | CITY OF NEW YORK NY 5.0% 08-01-31                                                                    | CUSIP: 64966QZF0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    490000 | PA      | $550796.75    | 0.02%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                                                      | NORTH DAKOTA HOUSING FINANCE AGENCY 4.0% 01-01-53                                                    | CUSIP: 658909M37<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   4475000 | PA      | $4514008.58   | 0.20%             | 2053-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION                                  | JFK INTERNATIONAL AIR TERMINAL LLC 5.0% 12-01-28                                                     | CUSIP: 650116FC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5510000 | PA      | $5801578.18   | 0.26%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HIGHER ED ASSISTANCE AUTH                                          | NEW JERSEY HIGHER EDUCATION STUDENT ASSISTANCE AUTHORITY 4.0% 12-01-41                               | CUSIP: 646080WP2<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    345000 | PA      | $342885.84    | 0.02%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO MTG FIN AUTH                                                          | NEW MEXICO MORTGAGE FINANCE AUTHORITY GNMA/FNMA/FHLMC COLL 5.25% 03-01-53                            | CUSIP: 647201TX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2735000 | PA      | $2859581.99   | 0.13%             | 2053-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TWY AUTH                                                             | STATE OF NEW YORK PERSONAL INCOME TAX REVENUE 5.0% 03-15-27                                          | CUSIP: 650028YD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2064940.00   | 0.09%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HAVEN CALIF UNI SCH DIST                                                     | NEW HAVEN UNIFIED SCHOOL DISTRICT AG 0.0% 08-01-29                                                   | CUSIP: 645002WM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7650000 | PA      | $6926830.20   | 0.31%             | 2029-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTG FIN AGY                                                  | NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY 5.0% 10-01-53                                           | CUSIP: 64613AGE6<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1433005.49   | 0.06%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DORMITORY AUTHORITY OF STATE OF NEW YORK                                         | STATE OF NEW YORK PERSONAL INCOME TAX REVENUE 5.0% 03-15-27                                          | CUSIP: 64990F2C7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1532203.70   | 0.07%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DORMITORY AUTHORITY OF STATE OF NEW YORK                                         | STATE OF NEW YORK PERSONAL INCOME TAX REVENUE 5.0% 03-15-27                                          | CUSIP: 64990F2D5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1617098.85   | 0.07%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK STATE URBAN DEVELOPMENT CORP (DBA EMPIRE STATE DEVELOPMENT CORP)        | STATE OF NEW YORK PERSONAL INCOME TAX REVENUE 5.0% 09-15-31                                          | CUSIP: 650036FG6<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3968898.50   | 0.18%             | 2031-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY                                                       | NORTH CAROLINA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 6.0% 07-01-53                                  | CUSIP: 658207T88<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    375000 | PA      | $397646.25    | 0.02%             | 2053-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                                                      | NORTH DAKOTA HOUSING FINANCE AGENCY 5.75% 07-01-53                                                   | CUSIP: 658909X68<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1787158.10   | 0.08%             | 2053-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH                                                    | NEW HAMPSHIRE HOUSING FINANCE AUTHORITY GNMA/FNMA/FHLMC COLL 6.0% 07-01-53                           | CUSIP: 64469DQ79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $393226.75    | 0.02%             | 2053-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTH FUTURE TAX SEC REV                       | NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE 5.0% 11-01-25                | CUSIP: 64971X4M7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $590000.00    | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY                                  | NEW YORK CITY WATER & SEWER SYSTEM FRN 06-15-53                                                      | CUSIP: 64972GC85<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  16180000 | PA      | $16180000.00  | 0.73%             | 2053-06-15      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                          | NEW YORK STATE HOUSING FINANCE AGENCY SONYMA HUD SECT 8 (MPT) 3.6% 11-01-62                          | CUSIP: 64987JD99<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   3410000 | PA      | $3410671.77   | 0.15%             | 2062-11-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY                                                       | NORTH CAROLINA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC COLL 5.5% 01-01-54                             | CUSIP: 658207X42<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $2086578.00   | 0.09%             | 2054-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NORFOLK REDEVELOPMENT & HOUSING AUTHORITY                                        | STANDARD BRAYWOOD MANOR VENTURE LP HUD SECT 8 (MPT) 5.0% 05-01-43                                    | CUSIP: 655904BX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2280000 | PA      | $2299525.92   | 0.10%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY                                        | STATE OF NEW JERSEY 5.0% 03-01-28                                                                    | CUSIP: 64577XEQ5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3150000 | PA      | $3312215.55   | 0.15%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HIGHER ED ASSISTANCE AUTH                                          | NEW JERSEY HIGHER EDUCATION STUDENT ASSISTANCE AUTHORITY 4.0% 12-01-44                               | CUSIP: 646080XK2<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   5690000 | PA      | $5473933.63   | 0.25%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTG FIN AGY                                                  | NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY 5.5% 04-01-53                                           | CUSIP: 64613AHJ4<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1916882.30   | 0.09%             | 2053-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                     | CITY OF NEW YORK NY 5.0% 08-01-28                                                                    | CUSIP: 64966Q2F6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    600000 | PA      | $638033.40    | 0.03%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                     | CITY OF NEW YORK NY 5.0% 08-01-27                                                                    | CUSIP: 64966Q2E9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1303252.50   | 0.06%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                     | CITY OF NEW YORK NY 5.0% 08-01-30                                                                    | CUSIP: 64966Q2H2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    665000 | PA      | $735306.46    | 0.03%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW CANEY TEX INDPT SCH DIST                                                     | NEW CANEY INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-27                                          | CUSIP: 643154JJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027906.00   | 0.05%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW CANEY TEX INDPT SCH DIST                                                     | NEW CANEY INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-28                                          | CUSIP: 643154JK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $552793.50    | 0.02%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO MTG FIN AUTH                                                          | NEW MEXICO MORTGAGE FINANCE AUTHORITY GNMA/FNMA/FHLMC COLL 5.75% 03-01-54                            | CUSIP: 647201YR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $909404.80    | 0.04%             | 2054-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH                                                    | NEW HAMPSHIRE HOUSING FINANCE AUTHORITY GNMA/FNMA/FHLMC COLL 6.0% 01-01-55                           | CUSIP: 64469DU25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2733510.75   | 0.12%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                                                      | NORTH DAKOTA HOUSING FINANCE AGENCY 5.75% 01-01-54                                                   | CUSIP: 6589093K0<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    900000 | PA      | $956705.40    | 0.04%             | 2054-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY                                                       | NORTH CAROLINA HOUSING FINANCE AGENCY 5.75% 01-01-54                                                 | CUSIP: 6582072F1<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   1895000 | PA      | $2014294.04   | 0.09%             | 2054-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY                                                       | NORTH CAROLINA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 6.25% 01-01-56                                 | CUSIP: 65820BBF2<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   2460000 | PA      | $2771357.28   | 0.12%             | 2056-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                     | CITY OF NEW YORK NY 5.0% 08-01-29                                                                    | CUSIP: 64966SKF2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5830000 | PA      | $6323159.70   | 0.28%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                          | WEST 62ND STREET LLC (MPT) 3.6% 11-01-44                                                             | CUSIP: 64987JZ20<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   1895000 | PA      | $1931120.60   | 0.09%             | 2044-11-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP                                                   | NEW YORK CITY HOUSING DEVELOPMENT CORP (MPT) 3.25% 11-01-64                                          | CUSIP: 64972KJL0<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   4230000 | PA      | $4244673.87   | 0.19%             | 2064-11-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTH FUTURE TAX SEC REV                       | NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE 5.0% 11-01-30                | CUSIP: 64972JSN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1224276.90   | 0.06%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTH FUTURE TAX SEC REV                       | NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE 5.0% 11-01-31                | CUSIP: 64972JSP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1586226.60   | 0.07%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                     | CITY OF NEW YORK NY 5.0% 04-01-33                                                                    | CUSIP: 64966SLB0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2874995.00   | 0.13%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                     | CITY OF NEW YORK NY 5.0% 04-01-32                                                                    | CUSIP: 64966SLA2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3550000 | PA      | $4029903.20   | 0.18%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                     | CITY OF NEW YORK NY 5.0% 02-01-30                                                                    | CUSIP: 64966SLL8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1259427.10   | 0.06%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                     | CITY OF NEW YORK NY 5.0% 02-01-32                                                                    | CUSIP: 64966SLN4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3905000 | PA      | $4422127.44   | 0.20%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTH FUTURE TAX SEC REV                       | NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE FRN 11-01-54                 | CUSIP: 64972JSG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2800000.00   | 0.13%             | 2054-11-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY                                  | NEW YORK CITY WATER & SEWER SYSTEM 5.0% 06-15-28                                                     | CUSIP: 64972GN91<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6921752.50   | 0.31%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE TEX INDPT SCH DIST                                                     | NORTHSIDE INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 08-15-29                                          | CUSIP: 66702RP30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088481.00   | 0.05%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY                                         | NOVANT HEALTH OBLIGATED GROUP 5.0% 06-01-31                                                          | CUSIP: 63607YCK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $723284.10    | 0.03%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY                                         | NOVANT HEALTH OBLIGATED GROUP 5.0% 06-01-32                                                          | CUSIP: 63607YCL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2768425.00   | 0.12%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HIGHER ED ASSISTANCE AUTH                                          | NEW JERSEY HIGHER EDUCATION STUDENT ASSISTANCE AUTHORITY 4.5% 12-01-45                               | CUSIP: 646080YX3<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   4180000 | PA      | $4290937.20   | 0.19%             | 2045-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HIGHER ED ASSISTANCE AUTH                                          | NEW JERSEY HIGHER EDUCATION STUDENT ASSISTANCE AUTHORITY 5.0% 12-01-31                               | CUSIP: 646080YS4<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064332.00   | 0.05%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST ED ASSISTANCE AUTH                                             | NORTH CAROLINA STATE EDUCATION ASSISTANCE AUTHORITY 5.0% 06-01-45                                    | CUSIP: 658262HC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1758862.56   | 0.08%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTHORITY                                                 | NEW JERSEY TURNPIKE AUTHORITY 5.0% 01-01-30                                                          | CUSIP: 646140JM6<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   6560000 | PA      | $7183449.28   | 0.32%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP                                                   | NEW YORK CITY HOUSING DEVELOPMENT CORP (MPT) 3.75% 05-01-65                                          | CUSIP: 64972KLH6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   4505000 | PA      | $4573457.98   | 0.21%             | 2065-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTH FUTURE TAX SEC REV                       | NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE 5.0% 05-01-30                | CUSIP: 64972JVR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2755697.50   | 0.12%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY                                                       | NORTH CAROLINA HOUSING FINANCE AGENCY 3.5% 07-01-39                                                  | CUSIP: 658207SL0<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |      5000 | PA      | $4994.42      | 0.00%             | 2039-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NORTH EAST INDPT SCH DIST TEX                                                    | NORTH EAST INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 08-01-33                                         | CUSIP: 659155QT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2904352.50   | 0.13%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEBRASKA INVESTMENT FINANCE AUTHORITY                                            | NEBRASKA INVESTMENT FINANCE AUTHORITY GNMA/FNMA/FHLMC 3.5% 09-01-46                                  | CUSIP: 63968MNY1<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |     45000 | PA      | $44858.52     | 0.00%             | 2046-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEBRASKA INVESTMENT FINANCE AUTHORITY                                            | NEBRASKA INVESTMENT FINANCE AUTHORITY GNMA/FNMA/FHLMC 4.0% 09-01-49                                  | CUSIP: 63968MTQ2<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1375814.00   | 0.06%             | 2049-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO MTG FIN AUTH                                                          | NEW MEXICO MORTGAGE FINANCE AUTHORITY GNMA/FNMA/FHLMC 4.0% 07-01-50                                  | CUSIP: 647201FY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $245952.56    | 0.01%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                                                      | NORTH DAKOTA HOUSING FINANCE AGENCY 4.0% 01-01-50                                                    | CUSIP: 658909VB9<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    545000 | PA      | $548809.55    | 0.02%             | 2050-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STATE OF OHIO                                                                    | STATE OF OHIO 5.0% 12-15-25                                                                          | CUSIP: 677581HD5<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    210000 | PA      | $210537.39    | 0.01%             | 2025-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                                      | OHIO HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC 3.75% 09-01-50                                           | CUSIP: 67756QD46<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1376443.75   | 0.06%             | 2050-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                                      | OHIO HOUSING FINANCE AGENCY 3.0% 03-01-52                                                            | CUSIP: 67756QL96<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1184014.93   | 0.05%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| IDAHO HEALTH FACILITIES AUTHORITY                                                | ST LUKE'S HEALTH SYSTEM LTD OBLIGATED GROUP 5.0% 03-01-37                                            | CUSIP: 451295ZW2<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    280000 | PA      | $294219.80    | 0.01%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                                      | OHIO HOUSING FINANCE AGENCY FNMA/GNMA/FHLMC 3.25% 03-01-51                                           | CUSIP: 67756QQ59<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2136939.84   | 0.10%             | 2051-03-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| OREGON (STATE OF)                                                                | STATE OF OREGON 3.0% 12-01-51                                                                        | CUSIP: 68609T5J3<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1960000 | PA      | $1919367.24   | 0.09%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| IOWA FINANCE AUTHORITY                                                           | IOWA HEALTH SYSTEM OBLIGATED GROUP FRN 02-15-41                                                      | CUSIP: 46246K5H1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2400000.00   | 0.11%             | 2041-02-15      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| INDIANA HOUSING & COMMUNITY DEVELOPMENT AUTHORITY                                | INDIANA HOUSING & COMMUNITY DEVELOPMENT AUTHORITY GNMA/FNMA/FHLMC 4.25% 07-01-48                     | CUSIP: 45505TNH0<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1015439.86   | 0.05%             | 2048-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| STATE OF OHIO                                                                    | STATE OF OHIO 5.0% 02-01-30                                                                          | CUSIP: 677523AT9<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    170000 | PA      | $187398.48    | 0.01%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST TPK COMMN                                                                | OHIO TURNPIKE & INFRASTRUCTURE COMMISSION 5.0% 02-15-28                                              | CUSIP: 67760HNQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $526697.50    | 0.02%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH                                                            | ILLINOIS HOUSING DEVELOPMENT AUTHORITY FHLMC/FNMA/GNMA 4.25% 10-01-49                                | CUSIP: 45201Y2K2<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    135000 | PA      | $135886.41    | 0.01%             | 2049-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JOSHUA TEX INDPT SCH DIST                                                        | JOSHUA INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 08-15-29                                             | CUSIP: 481052VB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $543863.50    | 0.02%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO AIR QUALITY DEVELOPMENT AUTHORITY                                           | DUKE ENERGY CORP (MPT) 4.25% 11-01-39                                                                | CUSIP: 677525WV5<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   3220000 | PA      | $3272434.48   | 0.15%             | 2039-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HSG FIN AGY                                                             | OKLAHOMA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC COLL 5.0% 03-01-52                                   | CUSIP: 67886MVL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2470000 | PA      | $2548768.30   | 0.11%             | 2052-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON (STATE OF)                                                                | STATE OF OREGON 5.0% 12-01-52                                                                        | CUSIP: 68609UBB0<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1385129.42   | 0.06%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH                                                             | OHIO WATER DEVELOPMENT AUTHORITY DRINKING WATER ASSISTANCE FUND 5.0% 12-01-26                        | CUSIP: 67765QLJ3<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |    450000 | PA      | $461408.85    | 0.02%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE HOUSING FINANCE AUTHORITY                                           | EGRET LANDING LLC (MPT) 3.4% 07-01-58                                                                | CUSIP: 46940YBU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1405329.80   | 0.06%             | 2058-07-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ASSET/LIABILITY COMMISSION                                              | COMMONWEALTH OF KENTUCKY 5.0% 11-01-25                                                               | CUSIP: 491189GD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.09%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH                                                             | OHIO WATER DEVELOPMENT AUTHORITY DRINKING WATER ASSISTANCE FUND 5.0% 06-01-26                        | CUSIP: 67765QLH7<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |    300000 | PA      | $303965.10    | 0.01%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH                                                             | OHIO WATER DEVELOPMENT AUTHORITY DRINKING WATER ASSISTANCE FUND 5.0% 06-01-29                        | CUSIP: 67765QLP9<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |    245000 | PA      | $266207.94    | 0.01%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF OHIO                                                                    | STATE OF OHIO 4.0% 03-01-27                                                                          | CUSIP: 677523EC2<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017802.00   | 0.05%             | 2027-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OREGON (STATE OF)                                                                | STATE OF OREGON 5.0% 05-01-27                                                                        | CUSIP: 68609UBU8<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    776000 | PA      | $803360.21    | 0.04%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KILGORE TEX INDPT SCH DIST                                                       | KILGORE INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-26                                            | CUSIP: 494053LE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $437684.82    | 0.02%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH                                                  | KENTUCKY PUBLIC ENERGY AUTHORITY (MPT) FRN 08-01-52                                                  | CUSIP: 74440DDT8<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    570000 | PA      | $574504.71    | 0.03%             | 2052-08-01      | Variable      | 4.06%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH                                                  | KENTUCKY PUBLIC ENERGY AUTHORITY (MPT) 4.0% 08-01-52                                                 | CUSIP: 74440DDS0<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2570450.00   | 0.12%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KING & SNOHOMISH CNTYS WASH SCH DIST NO 417 NORTHSHORE                           | KING & SNOHOMISH COUNTIES SCHOOL DISTRICT NO 417 NORTHSHORE SCH BD GTY 5.0% 12-01-29                 | CUSIP: 494656W56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $437783.60    | 0.02%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON (STATE OF)                                                                | STATE OF OREGON 5.0% 06-01-26                                                                        | CUSIP: 68609UCS2<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1215721.20   | 0.05%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON (STATE OF)                                                                | STATE OF OREGON 5.5% 12-01-53                                                                        | CUSIP: 68609UEP6<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    610000 | PA      | $652815.29    | 0.03%             | 2053-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HSG FIN AGY                                                             | OKLAHOMA HOUSING FINANCE AGENCY GNMA/FNMA/FHLMC COLL 5.75% 09-01-53                                  | CUSIP: 67886MYX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $1038176.64   | 0.05%             | 2053-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HIGHER ED ASSISTANCE AGY                                         | PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY 5.0% 06-01-26                                        | CUSIP: 70878CAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $95682.77     | 0.00%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCHOOL DISTRICT OF PHILADELPHIA                                                  | SCHOOL DISTRICT OF PHILADELPHIA ST AID WITHHLDG 5.0% 09-01-28                                        | CUSIP: 717883YC0<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1339820.96   | 0.06%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY                                                         | PENNSYLVANIA HOUSING FINANCE AGENCY 6.0% 10-01-54                                                    | CUSIP: 70879QVB6<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1579511.22   | 0.07%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HIGHER ED ASSISTANCE AGY                                         | PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY 4.125% 06-01-45                                      | CUSIP: 70878CBH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $448348.36    | 0.02%             | 2045-06-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HIGHER ED ASSISTANCE AGY                                         | PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY 5.0% 06-01-31                                        | CUSIP: 70878CBE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1355592.75   | 0.06%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OAKLAND CALIF                                                               | PORT OF OAKLAND 5.0% 05-01-29                                                                        | CUSIP: 735000VK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $657637.34    | 0.03%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OAKLAND CALIF                                                               | PORT OF OAKLAND 5.0% 05-01-28                                                                        | CUSIP: 735000UY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31751.43     | 0.00%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND OR ARPT                                                         | PORT OF PORTLAND OR AIRPORT REVENUE 5.0% 07-01-31                                                    | CUSIP: 7352403R2<br>LEI: 549300BRH7XZ3ZK0DS46 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6648348.00   | 0.30%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEATTLE WASHINGTON PORT OF                                                       | PORT OF SEATTLE WA 5.0% 07-01-26                                                                     | CUSIP: 735389Z76<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3039231.00   | 0.14%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY                                                         | PA SFM PAC (75-500%) PSA 16-119 SF 3.5% 10-01-41                                                     | CUSIP: 7087962J5<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |     35000 | PA      | $34941.17     | 0.00%             | 2041-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMISSION                                              | PENNSYLVANIA TURNPIKE COMMISSION 5.0% 12-01-28                                                       | CUSIP: 709225LA2<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    510000 | PA      | $546428.79    | 0.02%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRATTVILLE INDUSTRIAL DEVELOPMENT BOARD                                          | INTERNATIONAL PAPER CO (MPT) 3.45% 11-01-33                                                          | CUSIP: 740032AG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $126453.13    | 0.01%             | 2033-11-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| PORT AUTHORITY OF NEW YORK AND NEW JERSEY                                        | PORT AUTHORITY OF NEW YORK & NEW JERSEY 5.0% 09-01-28                                                | CUSIP: 73358XNH1<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2106028.00   | 0.09%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PARK CREEK MET DIST COLO                                                         | PARK CREEK METROPOLITAN DISTRICT WESTERLY CREEK DISTRICT SERVICE AREA NATL-IBC 5.0% 12-01-33         | CUSIP: 700387DQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1056699.61   | 0.05%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX ARIZ INDL DEV AUTH                                                       | MEMORIAL TOWERS SENIOR HOUSING LP HUD SECT 8 3.35% 12-01-27                                          | CUSIP: 718903RU3<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1674555.44   | 0.08%             | 2027-12-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMISSION                                              | PENNSYLVANIA TURNPIKE COMMISSION 5.0% 12-01-29                                                       | CUSIP: 709225ND4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1324295.39   | 0.06%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMISSION                                              | PENNSYLVANIA TURNPIKE COMMISSION 5.0% 12-01-28                                                       | CUSIP: 709225NC6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1178571.90   | 0.05%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY WISCONSIN                                               | PROVIDENCE ST JOSEPH HEALTH OBLIGATED GROUP (MPT) 4.0% 10-01-41                                      | CUSIP: 74442PL52<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    140000 | PA      | $149613.80    | 0.01%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PERALTA CALIF CMNTY COLLEGE DIST                                                 | PERALTA COMMUNITY COLLEGE DISTRICT 5.0% 08-01-26                                                     | CUSIP: 713575YU6<br>LEI: 254900VWMA3IHACOBO19 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5098235.00   | 0.23%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HIGHER ED ASSISTANCE AGY                                         | PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY 5.0% 06-01-31                                        | CUSIP: 70878CBN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1777290.82   | 0.08%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HIGHER ED ASSISTANCE AGY                                         | PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY 5.0% 06-01-30                                        | CUSIP: 70878CBM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2696568.90   | 0.12%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PINELLAS COUNTY HOUSING FINANCE AUTHORITY                                        | SAH INDIGO HOLDINGS LP (MPT) 3.4% 07-01-28                                                           | CUSIP: 72317BAQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2590000 | PA      | $2598464.12   | 0.12%             | 2028-07-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| PINAL CNTY ARIZ                                                                  | COUNTY OF PINAL AZ PLEDGED REVENUE BAM 5.0% 08-01-28                                                 | CUSIP: 72205RHA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $771948.83    | 0.03%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PINAL CNTY ARIZ                                                                  | COUNTY OF PINAL AZ PLEDGED REVENUE BAM 5.0% 08-01-29                                                 | CUSIP: 72205RHB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $816240.00    | 0.04%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HIGHER EDUCATION FACILITIES AUTHORITY                               | PENNSYLVANIA'S STATE SYSTEM OF HIGHER EDUCATION 5.0% 06-15-30                                        | CUSIP: 70917TND9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $602202.48    | 0.03%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMISSION                                              | PENNSYLVANIA TURNPIKE COMMISSION (MPT) 5.0% 12-01-45                                                 | CUSIP: 709225RH1<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1385401.50   | 0.06%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMISSION                                              | PENNSYLVANIA TURNPIKE COMMISSION 5.0% 12-01-31                                                       | CUSIP: 709225PZ3<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1416582.50   | 0.06%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PEARLAND TEX INDPT SCH DIST                                                      | PEARLAND INDEPENDENT SCHOOL DISTRICT PSF-GTD 5.0% 02-15-32                                           | CUSIP: 704880DM2<br>LEI: 549300UU8ZB6DL6OXQ09 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2834952.50   | 0.13%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND STUDENT LOAN AUTHORITY                                              | RHODE ISLAND STUDENT LOAN AUTHORITY 4.125% 12-01-41                                                  | CUSIP: 762323CB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1745699.67   | 0.08%             | 2041-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND STUDENT LOAN AUTHORITY                                              | RHODE ISLAND STUDENT LOAN AUTHORITY 4.125% 12-01-42                                                  | CUSIP: 762323CP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $411996.06    | 0.02%             | 2042-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP                                | BROWN UNIVERSITY 5.0% 09-01-29                                                                       | CUSIP: 762197A76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1180472.41   | 0.05%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIALTO CALIF UNI SCH DIST                                                        | RIALTO UNIFIED SCHOOL DISTRICT BAM 0.0% 08-01-30                                                     | CUSIP: 762494RZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $297116.14    | 0.01%             | 2030-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND STUDENT LOAN AUTHORITY                                              | RHODE ISLAND STUDENT LOAN AUTHORITY 4.125% 12-01-43                                                  | CUSIP: 762323DD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $262269.63    | 0.01%             | 2043-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| REGIONAL TRANSPORTATION DISTRICT                                                 | DENVER TRANSIT PARTNERS LLC 3.0% 01-15-26                                                            | CUSIP: 759151AY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $324630.48    | 0.01%             | 2026-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HOUSING AND MORTGAGE FINANCE CORP                                   | RHODE ISLAND HOUSING & MORTGAGE FINANCE CORP FHA 542(C) (MPT) 3.6% 10-01-54                          | CUSIP: 76221SEX5<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1753722.25   | 0.08%             | 2054-10-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MINN                                                                   | MAYO CLINIC FRN 11-15-64                                                                             | CUSIP: 771902HN6<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3250000.00   | 0.15%             | 2064-11-15      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| RALEIGH N C HSG AUTH                                                             | WCO TRYON LP (MPT) 2.95% 09-01-59                                                                    | CUSIP: 751115CB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3790000 | PA      | $3764485.72   | 0.17%             | 2059-09-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-29

**Name of Applicant:** American Funds Short-Term Tax-Exempt Bond Fund

**Signature:** Scott Lewis

**Name of Signer:** Scott Lewis

**Title:** Compliance Specialist Senior