# EDGAR Filing Document

**Accession Number:** 0001141819
**File Stem:** 0001145549-23-004602
**Filing Date:** 2023-1
**Character Count:** 143951
**Document Hash:** f75da071b721bda22756b63962b2b80d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-004602.hdr.sgml**: 20230130

**ACCESSION NUMBER**: 0001145549-23-004602

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230130

**DATE AS OF CHANGE**: 20230130

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TRUST FOR PROFESSIONAL MANAGERS
- **CENTRAL INDEX KEY:** 0001141819
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10401
- **FILM NUMBER:** 23567212

**BUSINESS ADDRESS:**
- **STREET 1:** U.S. BANCORP FUND SERVICES LLC
- **STREET 2:** 615 EAST MICHIGAN ST 2ND FLOOR
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 4147655067

**MAIL ADDRESS:**
- **STREET 1:** U.S. BANCORP FUND SERVICES LLC
- **STREET 2:** 615 EAST MICHIGAN ST 2ND FLOOR
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ZODIAC TRUST
- **DATE OF NAME CHANGE:** 20010601

## Series and Classes Contracts Data

### Performance Trust Municipal Bond Fund (Series ID: S000033197)

| Class ID   | Class Name                                                  | Ticker Symbol   |
|:---|:---|:---|
| C000102162 | Performance Trust Municipal Bond Fund - Institutional Class | PTIMX           |
| C000102163 | Performance Trust Municipal Bond Fund - Class A             | PTRMX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Performance Trust Municipal Bond Fund** |  |  |
| **Schedule of Investments** |  |  |
| **November 30, 2022 (Unaudited)** |  |  |
|  | **Principal** |  |
|  | **Amount** | **Value** |
| **AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES - 4.29%** |  |  |
| Freddie Mac Multifamily ML Certificates |  |  |
| &nbsp;&nbsp;&nbsp; 0.953%, 07/25/2036 (a) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86000000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5012940 |
| &nbsp;&nbsp;&nbsp; 0.984%, 09/25/2036 (a) | 54393000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3830899 |
| &nbsp;&nbsp;&nbsp; 2020-ML07, 2.015%, 10/25/2036 (a)(b)(c) | 15346849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2482199 |
| &nbsp;&nbsp;&nbsp; 2019-ML06, 1.132%, 06/25/2037 (b)(c) | 10756465 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 951194 |
| &nbsp;&nbsp;&nbsp; 2021-ML08, 1.869%, 07/25/2037 (b)(c) | 18137889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2734650 |
| &nbsp;&nbsp;&nbsp; 2021-ML10, 2.126%, 01/25/2038 (b)(c) | 14288932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2512137 |
| &nbsp;&nbsp;&nbsp; 2021-ML11, 0.771%, 03/25/2038 (a)(b)(c) | 34315425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2013972 |
| &nbsp;&nbsp;&nbsp; 2021-ML10, 1.578%, 06/25/2038 (b)(c) | 15165540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1961360 |
| &nbsp;&nbsp;&nbsp; 2021-ML09, 1.552%, 02/25/2040 (a)(b)(c) | 25223159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3352662 |
| &nbsp;&nbsp;&nbsp; 2021-ML12, 1.300%, 07/25/2041 (b)(c) | 19311589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1848892 |
| TOTAL AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES (Cost $27,882,004) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26700905 |
| **NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES - 1.45%** |  |  |
| California Housing Finance Agency |  |  |
| &nbsp;&nbsp;&nbsp; 2021-2, 0.844%, 03/25/2035 (c) | 32041799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1827344 |
| &nbsp;&nbsp;&nbsp; 0.797%, 11/20/2035 (c) | 42533642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2403151 |
| &nbsp;&nbsp;&nbsp; 2021-3, 0.788%, 08/20/2036 (c) | 25903985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1595167 |
| Washington State Housing Finance Commission |  |  |
| &nbsp;&nbsp;&nbsp; 0.726%, 12/20/2035 (c) | 62374279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3227245 |
| TOTAL NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES (Cost $9,586,512) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9052907 |
| **MUNICIPAL BONDS - 91.54%** |  |  |
| **Alabama - 1.16%** |  |  |
| Black Belt Energy Gas District |  |  |
| &nbsp;&nbsp;&nbsp; 4.000%, 06/01/2028 | 2450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2455987 |
| &nbsp;&nbsp;&nbsp; 5.500%, 11/01/2053 | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2098891 |
| Lower Alabama Gas District |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 09/01/2031 | 1005000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1061418 |
| Southeast Energy Authority A Cooperative District |  |  |
| &nbsp;&nbsp;&nbsp; 5.500%, 01/01/2053 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1595048 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7211344 |
| **Alaska - 0.72%** |  |  |
| Alaska Industrial Development & Export Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.250%, 06/01/2045 | 2735000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2727973 |
| CIVIC Ventures, AK |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 09/01/2033 | 1750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1773286 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4501259 |
| **Arizona - 4.66%** |  |  |
| Arizona Industrial Development Authority |  |  |
| &nbsp;&nbsp;&nbsp; 1.500%, 07/01/2023 | 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 146129 |
| &nbsp;&nbsp;&nbsp; 1.800%, 07/01/2024 | 175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 163803 |
| &nbsp;&nbsp;&nbsp; 3.250%, 07/01/2031 | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1725522 |
| &nbsp;&nbsp;&nbsp; 4.000%, 11/01/2045 | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1817976 |
| &nbsp;&nbsp;&nbsp; 4.000%, 11/01/2050 | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2213512 |
| City of Phoenix Civic Improvement Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 07/01/2043 | 7645000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8484055 |
| &nbsp;&nbsp;&nbsp; 5.500%, 07/01/2038 | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2428564 |
| &nbsp;&nbsp;&nbsp; 5.500%, 07/01/2042 | 1545000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1876666 |
| Florence Town, Inc. Industrial Development Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 07/01/2023 (a) | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101277 |
| Industrial Development Authority of the City of Phoenix |  |  |
| &nbsp;&nbsp;&nbsp; 4.000%, 07/01/2026 (a) | 2475000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2434420 |
| &nbsp;&nbsp;&nbsp; 5.000%, 07/01/2045 (a) | 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3728309 |
| &nbsp;&nbsp;&nbsp; 6.750%, 07/01/2044 (a) | 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3071801 |
| Park Central Community Facilities District |  |  |
| &nbsp;&nbsp;&nbsp; 4.375%, 07/01/2024 | 820000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 809494 |
|  |  | 29001528 |
| **Arkansas - 0.00%** |  |  |
| County of Saline, AR |  |  |
| &nbsp;&nbsp;&nbsp; 3.550%, 06/01/2042 | 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20000 |
| **California - 7.98%** |  |  |
| California County Tobacco Securitization Agency |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 06/01/2033 | 1950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2054896 |
| California Educational Facilities Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 03/15/2039 | 1015000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1216412 |
| California Health Facilities Financing Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 11/01/2047 | 4250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4837407 |
| California Municipal Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp; 4.000%, 12/01/2026 (a) | 1750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1671055 |
| California Public Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp; 2.875%, 05/15/2027 (a) | 1125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1016563 |
| City of San Diego, CA Tobacco Settlement Revenue Funding Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.000%, 06/01/2032 | 1230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1182892 |
| Coachella Valley Unified School District |  |  |
| &nbsp;&nbsp;&nbsp; 0.000%, 08/01/2034 (d) | 1145000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 724058 |
| &nbsp;&nbsp;&nbsp; 0.000%, 08/01/2035 (d) | 515000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 308692 |
| &nbsp;&nbsp;&nbsp; 0.000%, 08/01/2043 (d) | 1015000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 387640 |
| Encinitas Union School District |  |  |
| &nbsp;&nbsp;&nbsp; 6.750%, 08/01/2035 | 1070000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1356739 |
| Fowler Unified School District |  |  |
| &nbsp;&nbsp;&nbsp; 5.500%, 08/01/2053 | 4945000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5650270 |
| Freddie Mac Multifamily ML Certificates |  |  |
| &nbsp;&nbsp;&nbsp; 0.247%, 11/25/2033 (b)(c) | 46559240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 825495 |
| Golden State Tobacco Securitization Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.000%, 06/01/2046 | 3865000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3577939 |
| Inland Empire Tobacco Securitization Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.678%, 06/01/2038 | 2945000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2758433 |
| Low Income Investment Fund |  |  |
| &nbsp;&nbsp;&nbsp; 3.711%, 07/01/2029 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 940461 |
| Manteca Redevelopment Agency Successor Agency |  |  |
| &nbsp;&nbsp;&nbsp; 2.393%, 10/01/2030 | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 419588 |
| M-S-R Energy Authority |  |  |
| &nbsp;&nbsp;&nbsp; 6.500%, 11/01/2039 | 2350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2851288 |
| &nbsp;&nbsp;&nbsp; 7.000%, 11/01/2034 | 1160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1435400 |
| Placentia-Yorba Linda Unified School District |  |  |
| &nbsp;&nbsp;&nbsp; 0.000%, 08/01/2041 (d) | 5325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2366608 |
| Poway Unified School District |  |  |
| &nbsp;&nbsp;&nbsp; 0.000%, 08/01/2046 (d) | 12000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3911582 |
| San Diego Unified School District |  |  |
| &nbsp;&nbsp;&nbsp; 0.000%, 07/01/2041 (d) | 2115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1865177 |
| San Leandro Unified School District |  |  |
| &nbsp;&nbsp;&nbsp; 0.000%, 08/01/2039 (d) | 2175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1998192 |
| San Mateo Union High School District |  |  |
| &nbsp;&nbsp;&nbsp; 0.000%, 09/01/2041 (d) | 1285000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1225226 |
| Santa Barbara Secondary High School District |  |  |
| &nbsp;&nbsp;&nbsp; 0.000%, 08/01/2040 (d) | 1400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 636301 |
| St. Helena Unified School District |  |  |
| &nbsp;&nbsp;&nbsp; 0.000%, 06/01/2036 (d) | 2805000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3141045 |
| West Contra Costa Unified School District |  |  |
| &nbsp;&nbsp;&nbsp; 0.000%, 08/01/2036 (d) | 2220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1298738 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49658097 |
| **Colorado - 5.80%** |  |  |
| City & County of Denver CO Airport System Revenue |  |  |
| &nbsp;&nbsp;&nbsp; 5.750%, 11/15/2036 | 6150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7228680 |
| &nbsp;&nbsp;&nbsp; 5.750%, 11/15/2041 | 5325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5934410 |
| City of Fruita, CO Healthcare Revenue |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 01/01/2028 | 800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 762596 |
| Colorado Health Facilities Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 05/15/2047 | 6000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6478956 |
| Denver City & County School District No. 1 |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 12/01/2045 | 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11075627 |
| Public Authority for Colorado Energy |  |  |
| &nbsp;&nbsp;&nbsp; 6.500%, 11/15/2038 | 3845000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4629988 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36110257 |
| **Connecticut - 0.46%** |  |  |
| State of Connecticut Special Tax Revenue |  |  |
| &nbsp;&nbsp;&nbsp; 5.250%, 07/01/2040 | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2834708 |
| **Delaware - 0.57%** |  |  |
| University of Delaware |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 11/01/2038 | 1595000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1832196 |
| &nbsp;&nbsp;&nbsp; 5.000%, 11/01/2039 | 1510000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1734020 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3566216 |
| **District of Columbia - 1.18%** |  |  |
| District of Columbia |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 06/01/2055 | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1908813 |
| &nbsp;&nbsp;&nbsp; 5.500%, 07/01/2047 | 4750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5451504 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7360317 |
| **Florida - 9.03%** |  |  |
| Bay County School Board |  |  |
| &nbsp;&nbsp;&nbsp; 5.500%, 07/01/2041 | 1300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1447031 |
| &nbsp;&nbsp;&nbsp; 5.500%, 07/01/2042 | 1300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1435447 |
| Capital Trust Agency, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 08/01/2040 | 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 303402 |
| &nbsp;&nbsp;&nbsp; 5.000%, 08/01/2055 | 800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 782865 |
| City of Jacksonville, FL |  |  |
| &nbsp;&nbsp;&nbsp; 5.250%, 10/01/2037 | 6000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6774713 |
| County of Miami-Dade, FL |  |  |
| &nbsp;&nbsp;&nbsp; 0.000%, 10/01/2041 (d) | 1375000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 554371 |
| &nbsp;&nbsp;&nbsp; 0.000%, 10/01/2042 (d) | 985000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 377211 |
| &nbsp;&nbsp;&nbsp; 0.000%, 10/01/2045 (d) | 4500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1493584 |
| County of Miami-Dade, FL Transit System |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 07/01/2047 | 7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8025035 |
| County of Pasco, FL Sales Tax Revenue |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 10/01/2042 | 4240000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4617875 |
| County of Sarasota, FL Utility System Revenue |  |  |
| &nbsp;&nbsp;&nbsp; 5.250%, 10/01/2047 | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2793122 |
| County of Seminole FL |  |  |
| &nbsp;&nbsp;&nbsp; 5.250%, 10/01/2039 | 3520000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3962180 |
| Florida Development Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 09/15/2040 (a) | 2050000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1875718 |
| &nbsp;&nbsp;&nbsp; 5.500%, 09/15/2025 (a) | 1095000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1072289 |
| &nbsp;&nbsp;&nbsp; 6.500%, 01/01/2049 (a) | 2735000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2462356 |
| &nbsp;&nbsp;&nbsp; 7.375%, 01/01/2049 (a) | 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2675167 |
| Palm Beach County School District |  |  |
| &nbsp;&nbsp;&nbsp; 5.250%, 08/01/2036 | 1750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1998828 |
| &nbsp;&nbsp;&nbsp; 5.250%, 08/01/2040 | 3500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3925073 |
| Sarasot Beach County School District |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 07/01/2036 | 800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 912016 |
| &nbsp;&nbsp;&nbsp; 5.000%, 07/01/2037 | 875000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 991314 |
| School District of Broward County |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 07/01/2047 | 7000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7687781 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56167378 |
| **Georgia - 1.36%** |  |  |
| Americus & Sumter County Hospital Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.125%, 05/15/2023 | 90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90245 |
| City of Conyers, GA |  |  |
| &nbsp;&nbsp;&nbsp; 4.300%, 03/01/2031 (e) | 1185000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1004250 |
| Main Street Natural Gas, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 05/15/2029 | 1250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1299223 |
| &nbsp;&nbsp;&nbsp; 5.000%, 12/01/2052 | 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5160664 |
| Walton County Water & Sewer Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.250%, 02/01/2047 | 785000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 879794 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8434176 |
| **Hawaii - 1.23%** |  |  |
| City & County Honolulu HI Wastewater System Revenue |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 07/01/2042 | 6855000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7627093 |
| **Illinois - 3.60%** |  |  |
| Chicago Board of Education |  |  |
| &nbsp;&nbsp;&nbsp; 0.000%, 12/01/2022 (d) | 840000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 840000 |
| City of Joliet, IL |  |  |
| &nbsp;&nbsp;&nbsp; 5.500%, 12/15/2042 | 2250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2550739 |
| Cook County School District No. 103 |  |  |
| &nbsp;&nbsp;&nbsp; 0.000%, 12/01/2022 (d) | 850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 850000 |
| County of Cook, IL Sales Tax Revenue |  |  |
| &nbsp;&nbsp;&nbsp; 5.250%, 11/15/2045 | 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5360441 |
| Metropolitan Pier & Exposition Authority |  |  |
| &nbsp;&nbsp;&nbsp; 0.000%, 12/15/2036 (d) | 6500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3380833 |
| Regional Transportation Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.750%, 06/01/2034 | 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3559907 |
| State of Illinois Sales Tax Revenue |  |  |
| &nbsp;&nbsp;&nbsp; 6.000%, 06/15/2026 | 1575000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1697262 |
| Will County School District No. 114 Manhattan |  |  |
| &nbsp;&nbsp;&nbsp; 5.500%, 01/01/2045 | 3765000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4180224 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22419406 |
| **Indiana - 6.11%** |  |  |
| City of Valparaiso, IN |  |  |
| &nbsp;&nbsp;&nbsp; 6.750%, 01/01/2034 | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 513202 |
| Clark-Pleasant Community School Building Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.250%, 01/15/2042 | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2787722 |
| Fort Wayne Redevelopment Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 12/15/2041 | 2040000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2231499 |
| Franklin Township-Marion County Multiple School Building Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 07/15/2040 | 4520000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4953344 |
| Greater Clark Building Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.000%, 07/15/2038 | 1660000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1993349 |
| &nbsp;&nbsp;&nbsp; 6.000%, 01/15/2042 | 5250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6290554 |
| Indiana Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 01/01/2042 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1071610 |
| IPS Multi-School Building Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.500%, 07/15/2042 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1119667 |
| Lake Ridge Multi-School Building Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.500%, 07/15/2040 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1685750 |
| Merrillville Multi School Building Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 01/15/2042 | 8890000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9698137 |
| Tippecanoe County School Building Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.000%, 01/15/2042 | 4740000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5692321 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38037155 |
| **Iowa - 0.87%** |  |  |
| Iowa Tobacco Settlement Authority |  |  |
| &nbsp;&nbsp;&nbsp; 4.000%, 06/01/2049 | 5435000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5405084 |
| **Kentucky - 1.14%** |  |  |
| County of Trimble, KY |  |  |
| &nbsp;&nbsp;&nbsp; 1.300%, 09/01/2044 | 3500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2931828 |
| Kentucky Economic Development Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 05/15/2026 | 815000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 804400 |
| Kentucky State Property & Building Commission |  |  |
| &nbsp;&nbsp;&nbsp; 5.250%, 06/01/2037 | 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3358641 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7094869 |
| **Louisiana - 0.11%** |  |  |
| Tobacco Settlement Financing Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.250%, 05/15/2033 | 645000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 658476 |
| **Maryland - 0.44%** |  |  |
| Maryland Stadium Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 05/01/2050 | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2743891 |
| **Michigan - 6.34%** |  |  |
| City of Detroit, MI |  |  |
| &nbsp;&nbsp;&nbsp; 4.000%, 04/01/2044 | 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2208776 |
| &nbsp;&nbsp;&nbsp; 5.000%, 04/01/2046 | 1850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1815409 |
| Garden City School District, MI |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 05/01/2046 | 1505000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1644526 |
| &nbsp;&nbsp;&nbsp; 5.000%, 05/01/2048 | 1640000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1786887 |
| Great Lakes Water Authority Sewage Disposal System Revenue |  |  |
| &nbsp;&nbsp;&nbsp; 5.250%, 07/01/2042 | 9905000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10874383 |
| Great Lakes Water Authority Water Supply System Revenue |  |  |
| &nbsp;&nbsp;&nbsp; 5.250%, 07/01/2042 | 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3293604 |
| Hemlock Public School District |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 05/01/2045 | 1200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1307121 |
| Holly Area School District |  |  |
| &nbsp;&nbsp;&nbsp; 5.250%, 05/01/2048 | 8235000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9175087 |
| Kalamazoo Economic Development Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.625%, 05/15/2025 | 1150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1091733 |
| Michigan Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp; 3.267%, 06/01/2039 | 6000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4905926 |
| &nbsp;&nbsp;&nbsp; 3.875%, 10/01/2023 | 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249957 |
| Schoolcraft Community Schools |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 05/01/2046 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1081706 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39435115 |
| **Minnesota - 0.49%** |  |  |
| City of Minneapolis, MN |  |  |
| &nbsp;&nbsp;&nbsp; 5.750%, 07/01/2055 | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1959521 |
| City of Rochester, MN |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 11/15/2035 | 635000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 747010 |
| University of Minnesota |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 08/01/2036 | 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 358557 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3065088 |
| **Missouri - 0.17%** |  |  |
| St. Louis County Industrial Development Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.125%, 09/01/2048 | 1250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1081012 |
| **Nebraska - 0.34%** |  |  |
| Central Plains Energy Project |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 09/01/2034 | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2115223 |
| **Nevada - 0.52%** |  |  |
| Las Vegas Convention & Visitors Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 07/01/2038 | 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3254040 |
| **New Hampshire - 0.57%** |  |  |
| New Hampshire Business Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp; 0.674%, 10/20/2036 | 68500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3529805 |
| **New Jersey - 1.09%** |  |  |
| Garden State Preservation Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.750%, 11/01/2028 | 965000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1060531 |
| New Jersey Economic Development Authority |  |  |
| &nbsp;&nbsp;&nbsp; 3.375%, 07/01/2030 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 962401 |
| &nbsp;&nbsp;&nbsp; 5.500%, 01/01/2027 | 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302993 |
| New Jersey Transportation Trust Fund Authority |  |  |
| &nbsp;&nbsp;&nbsp; 0.000%, 12/15/2037 (d) | 395000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200741 |
| &nbsp;&nbsp;&nbsp; 0.000%, 12/15/2038 (d) | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 479957 |
| &nbsp;&nbsp;&nbsp; 0.000%, 12/15/2030 (d) | 1870000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1413496 |
| New Jersey Transportation Trust Fund Authority Program |  |  |
| &nbsp;&nbsp;&nbsp; 5.250%, 06/15/2036 | 1200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1315992 |
| Tobacco Settlement Financing Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 06/01/2033 | 1035000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1073067 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6809178 |
| **New York - 6.68%** |  |  |
| Build NYC Resource Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.000%, 06/15/2031 | 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 564687 |
| &nbsp;&nbsp;&nbsp; 4.000%, 06/15/2041 | 1350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1104181 |
| City of New York, NY |  |  |
| &nbsp;&nbsp;&nbsp; 5.250%, 10/01/2041 | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2805262 |
| New York City Transitional Finance Authority Future Tax Secured Revenue |  |  |
| &nbsp;&nbsp;&nbsp; 5.250%, 08/01/2042 | 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5556234 |
| &nbsp;&nbsp;&nbsp; 5.500%, 11/01/2045 | 9825000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11193998 |
| New York State Dormitory Authority |  |  |
| &nbsp;&nbsp;&nbsp; 2.692%, 07/01/2035 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 757398 |
| &nbsp;&nbsp;&nbsp; 2.742%, 07/01/2036 | 1205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 896595 |
| &nbsp;&nbsp;&nbsp; 2.792%, 07/01/2037 | 1200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 878878 |
| &nbsp;&nbsp;&nbsp; 2.842%, 07/01/2038 | 1100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 792896 |
| &nbsp;&nbsp;&nbsp; 5.000%, 10/01/2048 | 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4714886 |
| New York Transportation Development Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 12/01/2037 | 1280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1289001 |
| &nbsp;&nbsp;&nbsp; 5.000%, 12/01/2032 | 3900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4063620 |
| Triborough Bridge & Tunnel Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 05/15/2043 | 2105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2293013 |
| &nbsp;&nbsp;&nbsp; 5.000%, 05/15/2041 | 4245000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4645370 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41556019 |
| **North Carolina - 3.79%** |  |  |
| City of Charlotte NC Airport Revenue |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 07/01/2042 | 5035000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5503884 |
| City of Charlotte NC Water & Sewer System Revenue |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 07/01/2035 | 2655000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3193534 |
| North Carolina Medical Care Commission |  |  |
| &nbsp;&nbsp;&nbsp; 2.500%, 10/01/2024 | 740000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 715759 |
| University of North Carolina at Chapel Hill |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 02/01/2045 | 2960000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3340828 |
| &nbsp;&nbsp;&nbsp; 5.000%, 02/01/2049 | 8375000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9388587 |
| Watauga Public Facilities Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.250%, 06/01/2042 | 1250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1414748 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23557340 |
| **North Dakota - 0.32%** |  |  |
| City of Larimore, ND |  |  |
| &nbsp;&nbsp;&nbsp; 0.850%, 05/01/2024 | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1908218 |
| City of Mandan, ND |  |  |
| &nbsp;&nbsp;&nbsp; 2.750%, 09/01/2041 | 80000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64570 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1972788 |
| **Ohio - 0.77%** |  |  |
| County of Hamilton, OH |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 11/15/2049 | 3250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3588591 |
| Ohio Higher Educational Facility Commission |  |  |
| &nbsp;&nbsp;&nbsp; 3.750%, 12/01/2023 | 1215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1198477 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4787068 |
| **Oregon - 0.21%** |  |  |
| Hospital Facilities Authority of Multnomah County Oregon |  |  |
| &nbsp;&nbsp;&nbsp; 0.950%, 06/01/2027 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 872953 |
| Medford Hospital Facilities Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 10/01/2024 | 450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 456376 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1329329 |
| **Pennsylvania - 4.02%** |  |  |
| Allegheny County Sanitary Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.750%, 06/01/2047 | 6000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6879976 |
| City of Philadelphia PA Water & Wastewater Revenue |  |  |
| &nbsp;&nbsp;&nbsp; 5.500%, 06/01/2047 | 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5550956 |
| Commonwealth Financing Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 06/01/2034 | 1750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1890254 |
| &nbsp;&nbsp;&nbsp; 5.000%, 06/01/2035 | 730000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 783549 |
| Delaware Valley Regional Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp; 3.404% (1 Month LIBOR USD + 0.880%), 09/01/2048 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 988131 |
| Pennsylvania Economic Development Financing Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 06/30/2028 | 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 771435 |
| Pennsylvania Turnpike Commission |  |  |
| &nbsp;&nbsp;&nbsp; 5.250%, 12/01/2041 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1108906 |
| &nbsp;&nbsp;&nbsp; 5.250%, 12/01/2042 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1098778 |
| &nbsp;&nbsp;&nbsp; 6.000%, 12/01/2030 | 625000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 718249 |
| &nbsp;&nbsp;&nbsp; 6.375%, 12/01/2038 | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2294058 |
| Southeastern Pennsylvania Transportation Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.250%, 06/01/2041 | 2585000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2905038 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24989330 |
| **Puerto Rico - 1.37%** |  |  |
| Children's Trust Fund |  |  |
| &nbsp;&nbsp;&nbsp; 5.375%, 05/15/2033 | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50016 |
| Commonwealth of Puerto Rico |  |  |
| &nbsp;&nbsp;&nbsp; 0.000%, 07/01/2024 (d) | 49219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45230 |
| &nbsp;&nbsp;&nbsp; 0.000%, 07/01/2033 (d) | 189697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104129 |
| &nbsp;&nbsp;&nbsp; 0.000%, 11/01/2043 (d) | 734362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 335053 |
| &nbsp;&nbsp;&nbsp; 4.000%, 07/01/2033 | 147407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128442 |
| &nbsp;&nbsp;&nbsp; 4.000%, 07/01/2035 | 132497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112995 |
| &nbsp;&nbsp;&nbsp; 4.000%, 07/01/2037 | 113718 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95042 |
| &nbsp;&nbsp;&nbsp; 4.000%, 07/01/2041 | 154613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124266 |
| &nbsp;&nbsp;&nbsp; 4.000%, 07/01/2046 | 160797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124191 |
| &nbsp;&nbsp;&nbsp; 5.250%, 07/01/2023 | 81902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82261 |
| &nbsp;&nbsp;&nbsp; 5.375%, 07/01/2025 | 164169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166539 |
| &nbsp;&nbsp;&nbsp; 5.625%, 07/01/2027 | 162682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166624 |
| &nbsp;&nbsp;&nbsp; 5.625%, 07/01/2029 | 160042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164053 |
| &nbsp;&nbsp;&nbsp; 5.750%, 07/01/2031 | 155448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159674 |
| GDB Debt Recovery Authority of Puerto Rico |  |  |
| &nbsp;&nbsp;&nbsp; 7.500%, 08/20/2040 | 3164947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2650643 |
| Puerto Rico Highway & Transportation Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.850%, 03/01/2027 (e) | 1395000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1397790 |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue |  |  |
| &nbsp;&nbsp;&nbsp; 0.000%, 07/01/2024 (d) | 1543000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1434649 |
| &nbsp;&nbsp;&nbsp; 0.000%, 07/01/2029 (d) | 1589000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1156007 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8497604 |
| **Rhode Island - 0.60%** |  |  |
| Rhode Island Health and Educational Building Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.500%, 05/15/2042 | 3335000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3745233 |
| **South Carolina - 1.29%** |  |  |
| County of Horry SC |  |  |
| &nbsp;&nbsp;&nbsp; 5.250%, 09/01/2047 | 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4333421 |
| South Island Public Service District, SC |  |  |
| &nbsp;&nbsp;&nbsp; 5.250%, 04/01/2042 | 3325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3722997 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8056418 |
| **Tennessee - 0.81%** |  |  |
| Metropolitan Nashville Airport Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.250%, 07/01/2035 | 1250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1363122 |
| &nbsp;&nbsp;&nbsp; 5.500%, 07/01/2036 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1106679 |
| &nbsp;&nbsp;&nbsp; 5.500%, 07/01/2037 | 1125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1238962 |
| New Memphis Arena Public Building Authority |  |  |
| &nbsp;&nbsp;&nbsp; 0.000%, 04/01/2031 (d) | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1318081 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5026844 |
| **Texas - 11.35%** |  |  |
| Alvarado Independent School District |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 02/15/2047 | 8000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8792521 |
| Barbers Hill Independent School District |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 02/15/2042 | 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5556703 |
| Board of Regents of the University of Texas System |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 08/15/2049 | 620000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 713282 |
| Bullard Independent School District |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 02/15/2047 | 4405000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4826991 |
| Celina Independent School District |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 02/15/2047 | 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5492087 |
| City of Austin TX Water & Wastewater System Revenue |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 11/15/2040 | 1225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1375293 |
| &nbsp;&nbsp;&nbsp; 5.000%, 11/15/2041 | 1700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1898913 |
| City of Fort Worth, TX |  |  |
| &nbsp;&nbsp;&nbsp; 5.250%, 03/01/2036 | 1800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1845200 |
| Clifton Higher Education Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.000%, 03/01/2029 | 2915000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2958722 |
| Colony Economic Development Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 7.250%, 10/01/2042 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1522783 |
| Colony Local Development Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 7.250%, 10/01/2033 | 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 710738 |
| County of Harris, TX |  |  |
| &nbsp;&nbsp;&nbsp; 3.756% (3 Month LIBOR USD + 0.670%), 08/15/2035 | 1020000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 922625 |
| Lower Colorado River Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.500%, 05/15/2047 | 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5499322 |
| Melissa Independent School District |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 02/01/2047 | 6000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6558065 |
| North Texas Tollway Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.250%, 01/01/2038 | 4060000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4531418 |
| Port of Beaumont Industrial Development Authority |  |  |
| &nbsp;&nbsp;&nbsp; 4.100%, 01/01/2028 (a) | 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2452858 |
| Pottsboro Higher Education Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.000%, 08/15/2040 | 775000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 533471 |
| State of Texas |  |  |
| &nbsp;&nbsp;&nbsp; 4.000%, 08/01/2033 | 1315000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1378842 |
| &nbsp;&nbsp;&nbsp; 4.000%, 08/01/2034 | 1350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1410450 |
| Van Alstyne Independent School District |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 02/15/2047 | 5935000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6559742 |
| West Harris County Regional Water Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.500%, 12/15/2042 | 4500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5089485 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70629511 |
| **Utah - 1.81%** |  |  |
| Wasatch County School District Local Building Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.500%, 06/01/2047 | 7570000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8486436 |
| Wildflower Improvement Association |  |  |
| &nbsp;&nbsp;&nbsp; 6.625%, 03/01/2031 (a)(e) | 2895549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2763501 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11249937 |
| **Virginia - 0.33%** |  |  |
| County of Botetourt, VA |  |  |
| &nbsp;&nbsp;&nbsp; 6.000%, 07/01/2044 | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2038153 |
| **Washington - 1.93%** |  |  |
| Central Puget Sound Regional Transit Authority |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 11/01/2046 | 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11652348 |
| Washington State Housing Finance Commission |  |  |
| &nbsp;&nbsp;&nbsp; 5.000%, 01/01/2055 (a) | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 389500 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12041848 |
| **Wisconsin - 0.32%** |  |  |
| Public Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp; 7.500%, 06/01/2029 (a) | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1979276 |
| TOTAL MUNICIPAL BONDS (Cost $584,986,219) |  | &nbsp;&nbsp;&nbsp;&nbsp; 569597413 |
| **SHORT-TERM INVESTMENT - 1.96%** |  |  |
| First American Government Obligations Fund - Class X, 3.660% (f) | 12200790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12200790 |
| TOTAL SHORT-TERM INVESTMENT (Cost $12,200,790) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12200790 |
| **Total Investments (Cost $634,655,525) - 99.24%** |  | **&nbsp;&nbsp;&nbsp;&nbsp; 617552015** |
| **Other Assets in Excess of Liabilities - 0.75%** |  | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4684248** |
| **TOTAL NET ASSETS - 100.00%** |  | $**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;622236263** |

---

Percentages are stated as a percent of net assets.<br>

(a) Securities issued pursuant to Rule 144A under the Securities Act of 1933.

(b) Variable rate security; the rate shown represents the rate at November 30, 2022. The coupon is based on an underlying pool of loans.

(c) Represents an interest-only security that entitles holders to receive only interest payments on underlying mortgages.

(d) Represents a security issued at a discount to its face value but pays no interest.

(e) Represents an illiquid security. The total market value of these securities were $5,165,541, representing 0.83% of net assets as of November 30, 2022.

(f) Seven day yield at November 30, 2022.

------

---

| |
|:---|
| **Summary of Fair Value Exposure at November 30, 2022** |
| Various inputs are used in determining the value of the Fund's investments. These inputs are |
| summarized in the three broad levels listed below: |
| Level 1 - Quoted prices in active markets for identical securities. |
| Level 2 - Other significant observable inputs (including quoted prices for similar |
| &nbsp;&nbsp;&nbsp;&nbsp;securities, interest rates, prepayment speeds, credit risk, etc.) |
| Level 3 - Significant unobservable inputs (including the Fund's own assumptions in |
| &nbsp;&nbsp;&nbsp;&nbsp;determining the fair value of investments.) |
| The inputs or methodology used for valuing securities are not an indication of the risk associated |
| with investing in those securities. |
| The following is a summary of the inputs used, as of November 30, 2022, in valuing the Fund's investments |
| carried at fair value: |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| ***Performance Trust Municipal Bond Fund*** | | | | |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Fixed Income:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Agency Commercial Mortgage Backed Securities | $- | $26700905 | $- | $26700905 |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-Agency Commercial Mortgage Backed Securities | - | 9052907 | - | 9052907 |
| &nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds | - | 569597413 | - | 569597413 |
| **Total Fixed Income** | - | 605351225 | - | 605351225 |
| **Short-Term Investments** | 12200790 | - | - | 12200790 |
| **Total Investments In Securities** | $12200790 | $605351225 | $- | $617552015 |

---

---

| |
|:---|
| For the period ended November 30, 2022, the Fund did not have significant unobservable inputs (Level 3 securities) used in determining fair value. |
| Therefore, a reconciliation of assets in which significant unobservable inputs (Level 3) were used in determining fair value is not applicable. |
| **Disclosures about Derivative Instruments and Hedging Activities** |
| The Fund did not invest in derivative securities or engage in hedging activities during the period ended November 30, 2022. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Trust for Professional Managers

- **b. Investment Company Act file number:** 811-10401

- **c. CIK number of Registrant:** 0001141819

- **d. LEI of Registrant:** 549300O1N816L3GGRD45

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

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 513-629-8104

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

- **a. Name of Series:** Performance Trust Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000033197

- **c. LEI of Series:** 254900GLOAFEA5EN5O30

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

- **a. Date of fiscal year-end:** 2023-08-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $638331875.97

**Total Liabilities:** $15618553.17

**Net Assets:** $622713322.80

**Delayed Delivery Securities:** $8913128.25

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1034.120000000000 | **1-Year:** 1835.420000000000 | **5-Year:** 48511.420000000000 | **10-Year:** 422047.370000000000 | **30-Year:** 82809.680000000000

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

- **3-Month:** 6592.270000000000 | **1-Year:** 8455.700000000000 | **5-Year:** 10339.970000000000 | **10-Year:** 4914.110000000000 | **30-Year:** 1001.790000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000102162 | -4.37%               | -1.11%               | 5.35%                |
| Class ID C000102163 | -4.39%               | -1.18%               | 5.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-11899029.43            | $-20061477.61                              |
| Month 2  | $-6516024.90             | $-2531710.22                               |
| Month 3  | $-6907308.53             | $37668519.66                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CALIFORNIA ST MUNI FIN AUTH RE | California Municipal Finance Authority                                  | CUSIP: 13048VVC9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1671055.40   | 0.27%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FIN AUTH SEN | California Public Finance Authority                                     | CUSIP: 13057GAH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1016563.28   | 0.16%             | 2027-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGY FL EDUCTNL F | Capital Trust Agency Inc                                                | CUSIP: 14054CDE6<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    300000 | PA      | $303402.03    | 0.05%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGY FL EDUCTNL F | Capital Trust Agency Inc                                                | CUSIP: 14054CDF3<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    800000 | PA      | $782865.20    | 0.13%             | 2055-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CELINA TX INDEP SCH DIST       | Celina Independent School District                                      | CUSIP: 151145XB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5492087.00   | 0.88%             | 2047-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY PROJ NE G | Central Plains Energy Project                                           | CUSIP: 154871CK1<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2115223.00   | 0.34%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL PUGET SOUND WA REGL TRA | Central Puget Sound Regional Transit Authority                          | CUSIP: 155048DL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11652348.00  | 1.87%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC ARPT REVENUE      | City of Charlotte NC Airport Revenue                                    | CUSIP: 161036TQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5035000 | PA      | $5503883.87   | 0.88%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC WTR & SWR SYS REV | City of Charlotte NC Water & Sewer System Revenue                       | CUSIP: 161045RY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2655000 | PA      | $3193534.36   | 0.51%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU          | Chicago Board of Education                                              | CUSIP: 167505GA8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    840000 | PA      | $840000.00    | 0.13%             | 2022-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| THE CHILDRENS TRUST FUND PR TO | Children's Trust Fund                                                   | CUSIP: 16876QBE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50015.86     | 0.01%             | 2033-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CIVICVENTURES AK               | CIVICVentures/AK                                                        | CUSIP: 178860BX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1773285.68   | 0.28%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLARK-PLEASANT IN CMNTY SCH BL | Clark-Pleasant Community School Building Corp                           | CUSIP: 181503GP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2787722.00   | 0.45%             | 2042-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED | Clifton Higher Education Finance Corp                                   | CUSIP: 187145JF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2915000 | PA      | $2958721.50   | 0.48%             | 2029-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COACHELLA VLY CA UNIF SCH DIST | Coachella Valley Unified School District/CA                             | CUSIP: 189849FP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $724057.58    | 0.12%             | 2034-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| COACHELLA VLY CA UNIF SCH DIST | Coachella Valley Unified School District/CA                             | CUSIP: 189849FQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $308692.18    | 0.05%             | 2035-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| COACHELLA VLY CA UNIF SCH DIST | Coachella Valley Unified School District/CA                             | CUSIP: 189849GR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $387639.87    | 0.06%             | 2043-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| COLONY TX LOCAL DEV CORP SALES | Colony Local Development Corp                                           | CUSIP: 19625ABJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $710737.72    | 0.11%             | 2033-10-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| COLONY TX ECON DEV CORP SALES  | Colony Economic Development Corp                                        | CUSIP: 19625CAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1522782.60   | 0.24%             | 2042-10-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV | Colorado Health Facilities Authority                                    | CUSIP: 19648FVG6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6478955.40   | 1.04%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMWLTH FING AUTH PA TOBACCO MA | Commonwealth Financing Authority                                        | CUSIP: 20282EAQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1890253.93   | 0.30%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMWLTH FING AUTH PA TOBACCO MA | Commonwealth Financing Authority                                        | CUSIP: 20282EAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $783548.71    | 0.13%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R | State of Connecticut Special Tax Revenue                                | CUSIP: 207758L27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2834707.75   | 0.46%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONYERS GA TAX ALLOCATION      | City of Conyers GA                                                      | CUSIP: 21288AAA4<br>LEI: 549300WNDBTR12BDTR82 | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1004250.29   | 0.16%             | 2031-03-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL SALES TAX REVENUE | County of Cook IL Sales Tax Revenue                                     | CUSIP: 213248DE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5360440.50   | 0.86%             | 2045-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL SCH DIST #103 LYO | Cook County School District No 103 Lyons                                | CUSIP: 214453EG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $850000.00    | 0.14%             | 2022-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE VLY PA REGL FIN AUTH  | Delaware Valley Regional Finance Authority                              | CUSIP: 246579LC8<br>LEI: 549300HGYP3NW885TT18 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $988130.70    | 0.16%             | 2048-09-01      | Floating      | 3.64%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO SCH DIST | Denver City & County School District No 1                               | CUSIP: 249174YP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11075627.00  | 1.78%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV | City & County of Denver CO Airport System Revenue                       | CUSIP: 249182TE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6150000 | PA      | $7228679.87   | 1.16%             | 2036-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV | City & County of Denver CO Airport System Revenue                       | CUSIP: 249182TK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5325000 | PA      | $5934410.04   | 0.95%             | 2041-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                     | City of Detroit MI                                                      | CUSIP: 2510935E6<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1815409.07   | 0.29%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                     | City of Detroit MI                                                      | CUSIP: 251093S84<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2208776.10   | 0.35%             | 2044-04-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE | District of Columbia                                                    | CUSIP: 25477GUV5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $5451503.75   | 0.88%             | 2047-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HOLLY MI AREA SCH DIST         | Holly Area School District                                              | CUSIP: 435866TW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8235000 | PA      | $9175087.01   | 1.47%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR | City & County Honolulu HI Wastewater System Revenue                     | CUSIP: 4387012V5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6855000 | PA      | $7627093.05   | 1.22%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HORRY CNTY SC LTD OBLIG        | County of Horry SC                                                      | CUSIP: 440671AW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4333421.20   | 0.70%             | 2047-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HSG & FIN ASSN SALES  | Idaho Housing & Finance Association                                     | CUSIP: 45130AAW5<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   7040000 | PA      | $7631614.85   | 1.23%             | 2047-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REVENUE  | State of Illinois Sales Tax Revenue                                     | CUSIP: 452226Q30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1697261.58   | 0.27%             | 2026-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH HOSP REVEN | Indiana Finance Authority                                               | CUSIP: 45471AUC4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071609.80   | 0.17%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INLAND EMPIRE CA TOBACCO SECUR | Inland Empire Tobacco Securitization Corp                               | CUSIP: 45734TAJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2945000 | PA      | $2758432.78   | 0.44%             | 2038-06-01      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| IPS MULTI-SCH BLDG CORP IN     | IPS Multi-School Building Corp                                          | CUSIP: 46263RRM9<br>LEI: 549300BHLK1DUJUYPM91 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1119667.10   | 0.18%             | 2042-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FL SPL REVENUE    | City of Jacksonville FL                                                 | CUSIP: 469487TY8<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6774712.80   | 1.09%             | 2037-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JOLIET IL                      | City of Joliet IL                                                       | CUSIP: 479754NQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2550739.28   | 0.41%             | 2042-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KALAMAZOO MI ECON DEV CORP     | Kalamazoo Economic Development Corp                                     | CUSIP: 483228EA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1091733.53   | 0.18%             | 2025-05-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST ECON DEV FIN AUTH  | Kentucky Economic Development Finance Authority                         | CUSIP: 49126PFD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $804400.03    | 0.13%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PROPERTY & BLDGS C | Kentucky State Property & Building Commission                           | CUSIP: 49151FU99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3358641.30   | 0.54%             | 2037-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LAKE RIDGE IN MULTI-SCH BLDG C | Lake Ridge Multi-School Building Corp                                   | CUSIP: 510651BN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1685749.95   | 0.27%             | 2040-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LARIMORE ND LOAN ANTICIPATION  | City of Larimore ND                                                     | CUSIP: 517217AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1908218.20   | 0.31%             | 2024-05-01      | Fixed         | 0.85%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV CONVENTION & VISI | Las Vegas Convention & Visitors Authority                               | CUSIP: 51771FBG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3254040.30   | 0.52%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOW INCOME INVESTMENT          | Low Income Investment Fund                                              | CUSIP: 54750AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $940460.82    | 0.15%             | 2029-07-01      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| LOWER AL GAS DIST GAS PROJ REV | Lower Alabama Gas District/The                                          | CUSIP: 547804AD6<br>LEI: 549300YTI1NTDG2OVU42 | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1061417.79   | 0.17%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH T | Lower Colorado River Authority                                          | CUSIP: 54811BZS3<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5499321.50   | 0.88%             | 2047-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| M-S-R CA ENERGY AUTH GAS REVEN | M-S-R Energy Authority                                                  | CUSIP: 55374SAH3<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1435400.01   | 0.23%             | 2034-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| M-S-R CA ENERGY AUTH GAS REVEN | M-S-R Energy Authority                                                  | CUSIP: 55374SAJ9<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2851288.14   | 0.46%             | 2039-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA | Main Street Natural Gas Inc                                             | CUSIP: 56035DBJ0<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1299223.38   | 0.21%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA | Main Street Natural Gas Inc                                             | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5160663.50   | 0.83%             | 2052-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MANDAN ND PARK FACS SALES TAX  | City of Mandan ND Sales Tax Revenue                                     | CUSIP: 56257PAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $64570.08     | 0.01%             | 2041-09-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| MANTECA CA REDEV AGY SUCCESSOR | Manteca Redevelopment Agency Successor Agency                           | CUSIP: 56453RBE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $419588.45    | 0.07%             | 2030-10-01      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST STADIUM AUTH REVEN | Maryland Stadium Authority                                              | CUSIP: 574296CR8<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2743891.25   | 0.44%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEDFORD OR HOSP FACS AUTH REVE | Medford Hospital Facilities Authority                                   | CUSIP: 584283GD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $456375.65    | 0.07%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MELISSA TX INDEP SCH DIST      | Melissa Independent School District                                     | CUSIP: 585488XW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6558065.40   | 1.05%             | 2047-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MERRILLVILLE IN MULTI SCH BLDG | Merrillville Multi School Building Corp                                 | CUSIP: 590252RB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8890000 | PA      | $9698136.56   | 1.56%             | 2042-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE TN ARPT AUTH ARP | Metropolitan Nashville Airport Authority/The                            | CUSIP: 592190QQ8<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1363121.75   | 0.22%             | 2035-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE TN ARPT AUTH ARP | Metropolitan Nashville Airport Authority/The                            | CUSIP: 592190QR6<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1106679.30   | 0.18%             | 2036-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE TN ARPT AUTH ARP | Metropolitan Nashville Airport Authority/The                            | CUSIP: 592190QS4<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1238961.94   | 0.20%             | 2037-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL  | Metropolitan Pier & Exposition Authority                                | CUSIP: 592247K90<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $3380833.30   | 0.54%             | 2036-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SPL OBLIG   | County of Miami-Dade FL                                                 | CUSIP: 59333NNL3<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $554370.71    | 0.09%             | 2041-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SPL OBLIG   | County of Miami-Dade FL                                                 | CUSIP: 59333NNM1<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |    985000 | PA      | $377211.56    | 0.06%             | 2042-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SPL OBLIG   | County of Miami-Dade FL                                                 | CUSIP: 59333NZ97<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $1493583.75   | 0.24%             | 2045-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL TRANSIT SAL | County of Miami-Dade FL Transit System                                  | CUSIP: 59334PKU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8025035.25   | 1.29%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE   | Michigan Finance Authority                                              | CUSIP: 59447TDX8<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    250000 | PA      | $249957.23    | 0.04%             | 2023-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE   | Michigan Finance Authority                                              | CUSIP: 59447TH97<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $4905925.80   | 0.79%             | 2039-06-01      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN CHARTER SCH LEA | City of Minneapolis MN                                                  | CUSIP: 60375CBF0<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1959521.20   | 0.31%             | 2055-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI | Washington State Housing Finance Commission                             | CUSIP: 939783ZB5<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    500000 | PA      | $389500.10    | 0.06%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI | Washington State Housing Finance Commission                             | CUSIP: 93978TS67<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |  62374279 | PA      | $3227245.20   | 0.52%             | 2035-12-20      | Fixed         | 0.72%                 | No            |                  2 | On Loan: No      |
| WATAUGA NC PUBLIC FACS CORP    | Watauga Public Facilities Corp                                          | CUSIP: 94109SBS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1414747.50   | 0.23%             | 2042-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| W CONTRA COSTA CA UNIF SCH DIS | West Contra Costa Unified School District                               | CUSIP: 952347WS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2220000 | PA      | $1298737.96   | 0.21%             | 2036-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| W HARRIS CNTY TX REGL WTR AUTH | West Harris County Regional Water Authority                             | CUSIP: 95308RYX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $5089484.70   | 0.82%             | 2042-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WILDFLOWER IMPROV ASSN         | Wildflower Improvement Association                                      | CUSIP: 96812GAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2895549 | PA      | $2763500.56   | 0.44%             | 2031-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| WILL CNTY IL SCH DIST #114 MAN | Will County School District No 114 Manhattan                            | CUSIP: 968838KA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3765000 | PA      | $4180224.15   | 0.67%             | 2045-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HSG FIN AGY MUNI CT | California Housing Finance Agency                                       | CUSIP: 13033DAF2<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |  42533642 | PA      | $2403150.79   | 0.39%             | 2035-11-20      | Variable      | 0.80%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Age | California Housing Finance Agency                                       | CUSIP: 13033DAH8<br>LEI: 549300BOPCVLBA552Z14 | Long             | ABS-MBS          | CORP              | US        |  32041799 | PA      | $1827343.81   | 0.29%             | 2035-03-25      | Variable      | 0.84%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Age | California Housing Finance Agency                                       | CUSIP: 13033DAK1<br>LEI: 549300BOPCVLBA552Z14 | Long             | ABS-MBS          | CORP              | US        |  25903985 | PA      | $1595167.38   | 0.26%             | 2036-08-20      | Variable      | 0.79%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                             | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    734362 | PA      | $335052.66    | 0.05%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO HIGHWAY & TRANSPRT | Puerto Rico Highway & Transportation Authority                          | CUSIP: 745185BP2<br>LEI: 549300J6QBXVWJXB7Y41 | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1397790.00   | 0.22%             | 2027-03-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                  | CUSIP: 74529JQB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1543000 | PA      | $1434648.69   | 0.23%             | 2024-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                  | CUSIP: 74529JQD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1589000 | PA      | $1156007.35   | 0.19%             | 2029-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| REGL TRANSPRTN AUTH IL         | Regional Transportation Authority                                       | CUSIP: 759911ZV5<br>LEI: 549300FOIPI62F5YFO59 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3559907.10   | 0.57%             | 2034-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL | Rhode Island Health and Educational Building Corp                       | CUSIP: 762196X32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3335000 | PA      | $3745233.01   | 0.60%             | 2042-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MN HLTH CARE FACS RE | City of Rochester MN                                                    | CUSIP: 771902HD8<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |    635000 | PA      | $747010.44    | 0.12%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT HELENA CA UNIF SCH DIST  | St Helena Unified School District                                       | CUSIP: 789636GC5<br>LEI: 5493004RDPC2SO1LU844 | Long             | DBT              | MUN               | US        |   2805000 | PA      | $3141044.61   | 0.50%             | 2036-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS CNTY MO INDL DEV A | St Louis County Industrial Development Authority                        | CUSIP: 791524CN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1081012.38   | 0.17%             | 2048-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SALINE CNTY AR SALES & USE TAX | County of Saline KS Sales & Use Tax Revenue                             | CUSIP: 79506TAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20000.00     | 0.00%             | 2042-06-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA TOBACCO SETTLEMEN | City of San Diego Tobacco Settlement Revenue Funding Corp               | CUSIP: 797330AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1182891.62   | 0.19%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA UNIF SCH DIST     | San Diego Unified School District/CA                                    | CUSIP: 797355Q56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2115000 | PA      | $1865176.83   | 0.30%             | 2041-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SAN LEANDRO CA UNIF SCH DIST   | San Leandro Unified School District                                     | CUSIP: 798458NV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $1998192.08   | 0.32%             | 2039-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SAN MATEO CA UNION HIGH SCH DI | San Mateo Union High School District                                    | CUSIP: 799017GU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1225225.78   | 0.20%             | 2041-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SANTA BARBARA CA SECONDARY HIG | Santa Barbara Secondary High School District                            | CUSIP: 80131RAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $636300.56    | 0.10%             | 2040-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SARASOTA CNTY FL UTILITY SYS R | County of Sarasota FL Utility System Revenue                            | CUSIP: 803321RL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2793122.50   | 0.45%             | 2047-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SCHCRAFT MI CMNTY SCH DIST     | Schoolcraft Community Schools                                           | CUSIP: 807892JF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1081706.30   | 0.17%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEMINOLE CNTY FL SPL OBLG      | County of Seminole FL                                                   | CUSIP: 816699BH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3520000 | PA      | $3962179.58   | 0.64%             | 2039-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| S ISLAND SC PUBLIC SVC DIST WT | South Island Public Service District/SC                                 | CUSIP: 838466DN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3325000 | PA      | $3722997.18   | 0.60%             | 2042-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH AL COMMO | Southeast Energy Authority A Cooperative District                       | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1595048.40   | 0.26%             | 2053-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| S ESTRN PA TRANSPRTN AUTH      | Southeastern Pennsylvania Transportation Authority                      | CUSIP: 842039FM6<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |   2585000 | PA      | $2905038.25   | 0.47%             | 2041-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                       | State of Texas                                                          | CUSIP: 882724SW8<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1378842.33   | 0.22%             | 2033-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                       | State of Texas                                                          | CUSIP: 882724SX6<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1410449.76   | 0.23%             | 2034-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TIPPECANOE CNTY IN SCH BLDG CO | Tippecanoe County School Building Corp                                  | CUSIP: 88786PHJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4740000 | PA      | $5692320.98   | 0.91%             | 2042-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT AUTH IA TOB | Iowa Tobacco Settlement Authority                                       | CUSIP: 888805CH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5435000 | PA      | $5405084.13   | 0.87%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N | Tobacco Settlement Financing Corp                                       | CUSIP: 888808HJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1073067.30   | 0.17%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP L | Tobacco Settlement Financing Corp/LA                                    | CUSIP: 88880PCK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $658475.79    | 0.11%             | 2033-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL  | Triborough Bridge & Tunnel Authority                                    | CUSIP: 89602HCD7<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2105000 | PA      | $2293012.71   | 0.37%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL  | Triborough Bridge & Tunnel Authority                                    | CUSIP: 89602HDF1<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   4245000 | PA      | $4645370.57   | 0.75%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIMBLE CNTY KY POLL CONTROL R | County of Trimble KY                                                    | CUSIP: 896224BA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2931827.85   | 0.47%             | 2044-09-01      | Variable      | 1.30%                 | No            |                  2 | On Loan: No      |
| UNIV OF DELAWARE DE            | University of Delaware                                                  | CUSIP: 914245DN2<br>LEI: KPIOJCFMR70NWLS6O145 | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1832196.28   | 0.29%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF DELAWARE DE            | University of Delaware                                                  | CUSIP: 914245DP7<br>LEI: KPIOJCFMR70NWLS6O145 | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1734019.98   | 0.28%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF MINNESOTA MN           | University of Minnesota                                                 | CUSIP: 914468FQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $358556.52    | 0.06%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF NORTH CAROLINA AT CHAP | University of North Carolina at Chapel Hill                             | CUSIP: 914714CY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2960000 | PA      | $3340828.27   | 0.54%             | 2045-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF NORTH CAROLINA AT CHAP | University of North Carolina at Chapel Hill                             | CUSIP: 914714CZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8375000 | PA      | $9388586.89   | 1.51%             | 2049-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX UNIV REVENUES | Board of Regents of the University of Texas System                      | CUSIP: 91514AJV8<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    620000 | PA      | $713282.47    | 0.11%             | 2049-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALASKA ST INDL DEV & EXPORT AU | Alaska Industrial Development & Export Authority                        | CUSIP: 011903HF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2735000 | PA      | $2727973.24   | 0.44%             | 2045-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA SAN AUTH     | Allegheny County Sanitary Authority                                     | CUSIP: 017357N67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6879976.20   | 1.10%             | 2047-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALVARADO TX INDEP SCH DIST     | Alvarado Independent School District/TX                                 | CUSIP: 022357M79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8792520.80   | 1.41%             | 2047-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICUS-SUMTER CNTY GA HOSP A | Americus & Sumter County Hospital Authority                             | CUSIP: 030695DJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $90245.25     | 0.01%             | 2023-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R | Arizona Industrial Development Authority                                | CUSIP: 04052BQY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $146128.67    | 0.02%             | 2023-07-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R | Arizona Industrial Development Authority                                | CUSIP: 04052BQZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $163803.01    | 0.03%             | 2024-07-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R | Arizona Industrial Development Authority                                | CUSIP: 04052BRA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1725522.40   | 0.28%             | 2031-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH NATIO | Arizona Industrial Development Authority                                | CUSIP: 04052FBU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1817975.60   | 0.29%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH NATIO | Arizona Industrial Development Authority                                | CUSIP: 04052FBV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2213511.75   | 0.36%             | 2050-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX WTR & WSTWTR SYS REV | City of Austin TX Water & Wastewater System Revenue                     | CUSIP: 052477QQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1375293.54   | 0.22%             | 2040-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX WTR & WSTWTR SYS REV | City of Austin TX Water & Wastewater System Revenue                     | CUSIP: 052477QR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1898912.92   | 0.30%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BARBERS HILL TX INDEP SCH DIST | Barbers Hill Independent School District                                | CUSIP: 067167B39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5556703.50   | 0.89%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAY CNTY FL SCH BRD COPS       | Bay County School Board                                                 | CUSIP: 072231GK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1447031.17   | 0.23%             | 2041-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BAY CNTY FL SCH BRD COPS       | Bay County School Board                                                 | CUSIP: 072231GL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1435447.00   | 0.23%             | 2042-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL  | Black Belt Energy Gas District                                          | CUSIP: 09182NBH2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2455986.82   | 0.39%             | 2028-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL  | Black Belt Energy Gas District                                          | CUSIP: 09182TBT3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2098890.60   | 0.34%             | 2053-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| BOTETOURT CNTY VA RSDL CARE FA | County of Botetourt VA                                                  | CUSIP: 101271AM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2038153.20   | 0.33%             | 2044-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL SCH DIST       | School District of Broward County/FL                                    | CUSIP: 115067LY4<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7687781.50   | 1.23%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV | Build NYC Resource Corp                                                 | CUSIP: 12008ERQ1<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    600000 | PA      | $564687.12    | 0.09%             | 2031-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV | Build NYC Resource Corp                                                 | CUSIP: 12008ERR9<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1104180.26   | 0.18%             | 2041-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BULLARD TX INDEP SCH DIST      | Bullard Independent School District                                     | CUSIP: 120214RN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4405000 | PA      | $4826991.07   | 0.78%             | 2047-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CNTY CA TOBACCO SEC | California County Tobacco Securitization Agency                         | CUSIP: 13016NER1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $2054896.16   | 0.33%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST EDUCTNL FACS AUT | California Educational Facilities Authority                             | CUSIP: 130178JD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1216411.93   | 0.20%             | 2039-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A | California Health Facilities Financing Authority                        | CUSIP: 13032UMP0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4837406.95   | 0.78%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE       | District of Columbia                                                    | CUSIP: 25483VXS8<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1908812.80   | 0.31%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENCINITAS CA UNION SCH DIST    | Encinitas Union School District/CA                                      | CUSIP: 292533EJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1356738.60   | 0.22%             | 2035-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily        | Freddie Mac Multifamily ML Certificates                                 | CUSIP: 302610AD2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  34315425 | PA      | $2013972.27   | 0.32%             | 2038-03-25      | Variable      | 0.77%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily        | Freddie Mac Multifamily ML Certificates                                 | CUSIP: 30309HAB3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  46559240 | PA      | $825495.33    | 0.13%             | 2033-11-25      | Variable      | 0.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily        | Freddie Mac Multifamily ML Certificates                                 | CUSIP: 30312CAD5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10756465 | PA      | $951194.18    | 0.15%             | 2037-06-25      | Variable      | 1.13%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily        | Freddie Mac Multifamily ML Certificates                                 | CUSIP: 30318LAK3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  18137889 | PA      | $2734649.53   | 0.44%             | 2037-07-25      | Variable      | 1.87%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily        | Freddie Mac Multifamily ML Certificates                                 | CUSIP: 30319NAA0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  25223159 | PA      | $3352662.26   | 0.54%             | 2040-02-25      | Variable      | 1.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily        | Freddie Mac Multifamily ML Certificates                                 | CUSIP: 3137H9JP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  86000000 | PA      | $5012940.00   | 0.81%             | 2036-07-25      | Variable      | 0.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily        | Freddie Mac Multifamily ML Certificates                                 | CUSIP: 3137H9JQ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  54393000 | PA      | $3830898.99   | 0.62%             | 2036-09-25      | Variable      | 0.98%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund                              | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |  13270890 | NS      | $13270889.58  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| FLORENCE TOWN INC AZ INDL DEVA | Florence Town Inc Industrial Development Authority                      | CUSIP: 340375AH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101277.23    | 0.02%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN | Florida Development Finance Corp                                        | CUSIP: 34061UFB9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2050000 | PA      | $1875718.43   | 0.30%             | 2040-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN | Florida Development Finance Corp                                        | CUSIP: 34061UFD5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1072288.93   | 0.17%             | 2025-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP SURFACE T | Florida Development Finance Corp                                        | CUSIP: 34061YAD2<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2735000 | PA      | $2462355.78   | 0.40%             | 2049-01-01      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP SURFACE T | Florida Development Finance Corp                                        | CUSIP: 34061YAH3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2675166.60   | 0.43%             | 2049-01-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| FORT WAYNE IN REDEV AUTH LEASE | Fort Wayne Redevelopment Authority                                      | CUSIP: 349288JS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2231499.29   | 0.36%             | 2041-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT WORTH TX SPL TAX REVENUE  | City of Fort Worth TX                                                   | CUSIP: 349507BN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1845199.62   | 0.30%             | 2036-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FOWLER CA UNIF SCH DIST        | Fowler Unified School District                                          | CUSIP: 351136HR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4945000 | PA      | $5650270.24   | 0.91%             | 2053-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FRANKLIN TWP IN MULTI-SCH BLDG | Franklin Township-Marion County Multiple School Building Corp           | CUSIP: 355137EJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4520000 | PA      | $4953344.15   | 0.80%             | 2040-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREDERICKSBURG TX INDEP SCH DI | Fredericksburg Independent School District                              | CUSIP: 355838JP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4195000 | PA      | $4583217.05   | 0.74%             | 2047-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily        | Freddie Mac Multifamily ML Certificates                                 | CUSIP: 35833FAC9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  15346849 | PA      | $2482199.28   | 0.40%             | 2036-10-25      | Variable      | 2.02%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily        | Freddie Mac Multifamily ML Certificates                                 | CUSIP: 35833JAE7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  15165540 | PA      | $1961359.30   | 0.31%             | 2038-06-25      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily        | Freddie Mac Multifamily ML Certificates                                 | CUSIP: 35833JAG2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14288932 | PA      | $2512137.19   | 0.40%             | 2038-01-25      | Variable      | 2.13%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily        | Freddie Mac Multifamily ML Certificates                                 | CUSIP: 35833TAB1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  19311589 | PA      | $1848891.53   | 0.30%             | 2041-07-25      | Variable      | 1.30%                 | No            |                  2 | On Loan: No      |
| FRUITA CO HLTHCARE REVENUE     | City of Fruita CO Healthcare Revenue                                    | CUSIP: 359427AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $762595.84    | 0.12%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GARDEN CITY MI SCH DIST        | Garden City School District/MI                                          | CUSIP: 365136PW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1644526.29   | 0.26%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GARDEN CITY MI SCH DIST        | Garden City School District/MI                                          | CUSIP: 365136PY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1786886.60   | 0.29%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GARDEN ST PRESERVATION TRUST N | Garden State Preservation Trust                                         | CUSIP: 365418BX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $1060531.14   | 0.17%             | 2028-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GDB DEBT RECOVERY AUTH OF CMWL | GDB Debt Recovery Authority of Puerto Rico                              | CUSIP: 36829QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3164947 | PA      | $2650643.11   | 0.43%             | 2040-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOBACCO SECURITIZATI | Golden State Tobacco Securitization Corp                                | CUSIP: 38122NB76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3865000 | PA      | $3577938.72   | 0.57%             | 2046-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH SEWAGE | Great Lakes Water Authority Sewage Disposal System Revenue              | CUSIP: 39081HDU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9905000 | PA      | $10874382.54  | 1.75%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH WTR SP | Great Lakes Water Authority Water Supply System Revenue                 | CUSIP: 39081JET1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3293604.00   | 0.53%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GREATER CLARK IN BLDG CORP     | Greater Clark Building Corp                                             | CUSIP: 39167GJR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1993348.58   | 0.32%             | 2038-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GREATER CLARK IN BLDG CORP     | Greater Clark Building Corp                                             | CUSIP: 39167GJT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $6290554.20   | 1.01%             | 2042-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH HOSP FACS REV | County of Hamilton OH                                                   | CUSIP: 407272W25<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3588591.50   | 0.58%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX                 | County of Harris TX                                                     | CUSIP: 414004Z46<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $922624.88    | 0.15%             | 2035-08-15      | Floating      | 3.76%                 | No            |                  2 | On Loan: No      |
| HEMLOCK MI PUBLIC SCH DIST     | Hemlock Public School District                                          | CUSIP: 423668LR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1307120.64   | 0.21%             | 2045-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MULTNOMAH CNTY OR HOSP FACS AU | Hospital Facilities Authority of Multnomah County Oregon                | CUSIP: 62551PDD6<br>LEI: 549300GAP0JIG7V33754 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $872952.80    | 0.14%             | 2027-06-01      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH MUNI CTFS | New Hampshire Business Finance Authority                                | CUSIP: 63607WAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  68500000 | PA      | $3529805.00   | 0.57%             | 2036-10-20      | Variable      | 0.67%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH MT | New Jersey Economic Development Authority                               | CUSIP: 64578JBB1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $962401.20    | 0.15%             | 2030-07-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE | New Jersey Economic Development Authority                               | CUSIP: 645918Z71<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    300000 | PA      | $302992.23    | 0.05%             | 2027-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority                          | CUSIP: 6461362T7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    395000 | PA      | $200741.25    | 0.03%             | 2037-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority                          | CUSIP: 6461365Y3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $479956.90    | 0.08%             | 2038-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority                          | CUSIP: 646136TP6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1870000 | PA      | $1413495.60   | 0.23%             | 2030-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW MEMPHIS ARENA PUBLIC BLDG  | New Memphis Arena Public Building Authority                             | CUSIP: 64704CAV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1318081.35   | 0.21%             | 2031-04-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                    | City of New York NY                                                     | CUSIP: 64966QK90<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2805262.00   | 0.45%             | 2041-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue | CUSIP: 64971X4D7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9825000 | PA      | $11193997.82  | 1.80%             | 2045-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue | CUSIP: 64971XX52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5556234.00   | 0.89%             | 2042-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES | New York State Dormitory Authority                                      | CUSIP: 64990C6P1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4714886.00   | 0.76%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES | New York State Dormitory Authority                                      | CUSIP: 64990G4Z2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $757398.60    | 0.12%             | 2035-07-01      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES | New York State Dormitory Authority                                      | CUSIP: 64990G5A6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1205000 | PA      | $896595.07    | 0.14%             | 2036-07-01      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES | New York State Dormitory Authority                                      | CUSIP: 64990G5B4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $878877.96    | 0.14%             | 2037-07-01      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES | New York State Dormitory Authority                                      | CUSIP: 64990G5C2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $792895.73    | 0.13%             | 2038-07-01      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP | New York Transportation Development Corp                                | CUSIP: 650116DS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1289000.70   | 0.21%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP | New York Transportation Development Corp                                | CUSIP: 650116FG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $4063620.60   | 0.65%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM | North Carolina Medical Care Commission                                  | CUSIP: 65820YRU2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    740000 | PA      | $715758.86    | 0.11%             | 2024-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE      | North Texas Tollway Authority                                           | CUSIP: 66285WJ56<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   4060000 | PA      | $4531417.97   | 0.73%             | 2038-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OHIO ST HGR EDUCTNL FAC COMMIS | Ohio Higher Educational Facility Commission                             | CUSIP: 67756DXP6<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1198476.73   | 0.19%             | 2023-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL SCH BRD COP | Palm Beach County School District                                       | CUSIP: 696550J94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1998827.43   | 0.32%             | 2036-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL SCH BRD COP | Palm Beach County School District                                       | CUSIP: 696550K50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3925073.25   | 0.63%             | 2040-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PARK CENT CMNTY FACS DIST AZ S | Park Central Community Facilities District                              | CUSIP: 70018DAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $809494.16    | 0.13%             | 2024-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PASCO CNTY FL SALES TAX REVENU | County of Pasco FL Sales Tax Revenue                                    | CUSIP: 70252RBX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4240000 | PA      | $4617875.16   | 0.74%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING  | Pennsylvania Economic Development Financing Authority                   | CUSIP: 70869PJV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $771434.93    | 0.12%             | 2028-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI | Pennsylvania Turnpike Commission                                        | CUSIP: 7092236R7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    625000 | PA      | $718248.44    | 0.12%             | 2030-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI | Pennsylvania Turnpike Commission                                        | CUSIP: 7092237Q8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2294058.40   | 0.37%             | 2038-12-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI | Pennsylvania Turnpike Commission                                        | CUSIP: 709225GF7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1108905.60   | 0.18%             | 2041-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI | Pennsylvania Turnpike Commission                                        | CUSIP: 709225GG5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1098778.40   | 0.18%             | 2042-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA WTR & WSTWTR R | City of Philadelphia PA Water & Wastewater Revenue                      | CUSIP: 717893Z79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5550956.50   | 0.89%             | 2047-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CIVIC IMPT CORP EXC | City of Phoenix Civic Improvement Corp                                  | CUSIP: 71884AL72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7645000 | PA      | $8484054.80   | 1.36%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CIVIC IMPT CORP DIS | City of Phoenix Civic Improvement Corp                                  | CUSIP: 71884WBC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2428563.80   | 0.39%             | 2038-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CIVIC IMPT CORP DIS | City of Phoenix Civic Improvement Corp                                  | CUSIP: 71884WCT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1545000 | PA      | $1876666.70   | 0.30%             | 2042-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH EDU R | Industrial Development Authority of the City of Phoenix/The             | CUSIP: 71885FDF1<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3071800.80   | 0.49%             | 2044-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH EDU R | Industrial Development Authority of the City of Phoenix/The             | CUSIP: 71885FDP9<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3728309.60   | 0.60%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH EDU R | Industrial Development Authority of the City of Phoenix/The             | CUSIP: 71885FFC6<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2434419.90   | 0.39%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PLACENTIA-YORBA LINDA CA UNIF  | Placentia-Yorba Linda Unified School District                           | CUSIP: 725894KE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5325000 | PA      | $2366608.39   | 0.38%             | 2041-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PORT BEAUMONT TX INDL DEV AUTH | Port of Beaumont Industrial Development Authority                       | CUSIP: 73358SAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2452858.20   | 0.39%             | 2028-01-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| POTTSBORO TX HGR EDU FIN CORP  | Pottsboro Higher Education Finance Corp                                 | CUSIP: 738222BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $533471.10    | 0.09%             | 2040-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| POWAY CA UNIF SCH DIST         | Poway Unified School District                                           | CUSIP: 738850RH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $3911582.40   | 0.63%             | 2046-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC AUTH FOR COLORADO ST EN | Public Authority for Colorado Energy                                    | CUSIP: 744387AD3<br>LEI: 549300C6IJKXQOMRAB11 | Long             | DBT              | MUN               | US        |   3845000 | PA      | $4629988.28   | 0.74%             | 2038-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE     | Public Finance Authority                                                | CUSIP: 74442PXM2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1979277.00   | 0.32%             | 2029-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                             | CUSIP: 74514L3E5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |     81902 | PA      | $82260.91     | 0.01%             | 2023-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                             | CUSIP: 74514L3F2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    164169 | PA      | $166538.98    | 0.03%             | 2025-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                             | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    162682 | PA      | $166624.16    | 0.03%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                             | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    160042 | PA      | $164052.64    | 0.03%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                             | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    155448 | PA      | $159673.99    | 0.03%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                             | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    147407 | PA      | $128441.62    | 0.02%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                             | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    132497 | PA      | $112994.78    | 0.02%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                             | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    113718 | PA      | $95042.45     | 0.02%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                             | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    154613 | PA      | $124266.61    | 0.02%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                             | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    160797 | PA      | $124191.26    | 0.02%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                             | CUSIP: 74514L3Q8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |     49219 | PA      | $45229.70     | 0.01%             | 2024-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                             | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    189697 | PA      | $104128.69    | 0.02%             | 2033-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| VALPARAISO IN EXEMPT FACS REVE | City of Valparaiso IN                                                   | CUSIP: 92028RAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513202.30    | 0.08%             | 2034-01-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VAN ALSTYNE TX INDEP SCH DIST  | Van Alstyne Independent School District                                 | CUSIP: 920496VF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5935000 | PA      | $6559741.84   | 1.05%             | 2047-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WALTON CNTY GA WTR & SWR AUTH  | Walton County Water & Sewer Authority                                   | CUSIP: 93342PFK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $879793.77    | 0.14%             | 2047-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WASATCH CNTY SCH DIST LOCAL BL | Wasatch County School District Local Building Authority                 | CUSIP: 936785AU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7570000 | PA      | $8486436.31   | 1.36%             | 2047-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** Trust for Professional Managers

**Signature:** /s/ John Buckel

**Name of Signer:** John Buckel

**Title:** President