# EDGAR Filing Document

**Accession Number:** 0001364924
**File Stem:** 0001752724-25-182808
**Filing Date:** 2025-7
**Character Count:** 626660
**Document Hash:** 35265950c76c0fab5e0b0f9c3b8559d1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-182808.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0001752724-25-182808

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250730

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20250531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fidelity Rutland Square Trust II
- **CENTRAL INDEX KEY:** 0001364924

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21991
- **FILM NUMBER:** 251163400

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

## Series and Classes Contracts Data

### Strategic Advisers Tax-Sensitive Short Duration Fund (Series ID: S000060103)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000196739 | Strategic Advisers Tax-Sensitive Short Duration Fund | FGNSX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Rutland Square Trust II

- **b. Investment Company Act file number:** 811-21991

- **c. CIK number of Registrant:** 0001364924

- **d. LEI of Registrant:** 1KZ3JN58GDRI3EZKKG06

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

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

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

- **a. Name of Series:** Strategic Advisers Tax-Sensitive Short Duration Fund

- **b. EDGAR series identifier (if any):** S000060103

- **c. LEI of Series:** 54930086GR32D7U2PQ68

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

- **a. Date of fiscal year-end:** 2025-05-31

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $3490649638.69

**Total Liabilities:** $72629097.37

**Net Assets:** $3418020541.32

**Delayed Delivery Securities:** $42693499.15

**Cash Not Reported:** $57064282.37

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 30860.51216930 | **1-Year:** 121420.80952830 | **5-Year:** 71048.22006030 | **10-Year:** 1160.63618050 | **30-Year:** 0.02083100

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

- **3-Month:** 1930.62432800 | **1-Year:** 3300.91300400 | **5-Year:** 1269.52097600 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000196739 | 0.07%                | 0.08%                | 0.47%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-18645.89               | $-4623109.70                               |
| Month 2  | $-202025.90              | $-7025589.85                               |
| Month 3  | $193076.69               | $4760574.08                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ILLINOIS ST                                                                               | IL ST 5% 1/1/2026                                                                         | CUSIP: 452152A35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $303008.13    | 0.01%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN SER B 5% 12/1/2027@                                                          | CUSIP: 646080TU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1285287.45   | 0.04%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5% 11/1/2029                                                               | CUSIP: 09182TEG8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4704084.00   | 0.14%             | 2029-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORWALK CONN HSG AUTH MULTIFAMILY HSG REV                                                 | NORWALK CONN HS 3.05% MT                                                                  | CUSIP: 668865AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4979684.50   | 0.15%             | 2058-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA WTR and SWR AUTH                                                            | PITT WTR and SWR 5% 9/1/2030                                                              | CUSIP: 725304YW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $219048.10    | 0.01%             | 2030-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                              | CA ST MFA SW 4.8% MT @                                                                    | CUSIP: 13048RAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5250135.98   | 0.15%             | 2041-11-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SUBLETTE CNTY WYO HOSP DIST REV                                                           | SUBLETTE CNTY W 5% 6/15/2026                                                              | CUSIP: 86428TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1999914.80   | 0.06%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HEALTH and EDL BLDG CORP REV                                                 | RI BROWN UNIV(BRWNTE)25 TECP                                                              | CUSIP: 76219SDM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6999992.30   | 0.20%             | 2025-11-13      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ATRIUM HEALTH                                                                             | ATRIUM HEALTH 5% MT                                                                       | CUSIP: 160853TK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3075000 | PA      | $2807735.45   | 0.08%             | 2048-01-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MAINE HEALTH and HIGHER EDL FACS AUTH REV                                                 | ME ST HEALTH 5% 7/1/2025                                                                  | CUSIP: 56042RX23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500554.15    | 0.01%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA WTR and SWR AUTH                                                            | PITT WTR and SWR 5% 9/1/2033                                                              | CUSIP: 725304YZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $393312.61    | 0.01%             | 2033-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH REV                                                                     | IL FIN 5% 8/15/2027                                                                       | CUSIP: 45203HX64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003671.70   | 0.03%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA HSG FIN DEV AUT                                                            | SC HSG DEV AUT 6% 1/1/2054                                                                | CUSIP: 83712D4A1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $156882.63    | 0.00%             | 2054-01-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DPT BG and FIN SPL PR RV                                                        | HI ST QUEENS HLTH SYS 15B OT (OT 210-DAY WINDOW)                                          | CUSIP: 419800LN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $425000.00    | 0.01%             | 2039-07-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY HOSP REV                                                     | MA DEV BOSTON U(MASDFN) 25A VT                                                            | CUSIP: 57585DAE4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4999097.50   | 0.15%             | 2025-07-08      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 12/1/2027                                                              | CUSIP: 56035DFP2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1752951.60   | 0.05%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST MID BAY BRIDGE AUTH                                                            | FL MID BAY BRG SR A 5% 10/1/25                                                            | CUSIP: 342814DQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40156.48     | 0.00%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PLAINVIEW TEX INDPT SCH DIST                                                              | PLAIN TX 726736 4% 2/15/2050 MT                                                           | CUSIP: 726736GY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2009459.60   | 0.06%             | 2050-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 10/1/2028                                                                        | CUSIP: 4521526S5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1078372.20   | 0.03%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAINE HEALTH and HIGHER EDL FACS AUTH REV                                                 | ME ST HEALTH 5% 7/1/2026                                                                  | CUSIP: 56042RX31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $992050.90    | 0.03%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DEPT HSG and CMNTY DEV                                        | MARYLAND ST CMN 2.75% 8/1/2025                                                            | CUSIP: 57419TM65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1157646.13   | 0.03%             | 2025-08-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT AUTHORITY 5% 7/15/2025 @                                                             | CUSIP: 73358XAE2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    885000 | PA      | $886394.32    | 0.03%             | 2025-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL                                                                              | COOK CY IL 5% 11/15/2025                                                                  | CUSIP: 213185MT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3220000 | PA      | $3245212.60   | 0.09%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HEALTH and EDL BLDG CORP HIGHER ED FAC REV                                   | RI HLTH and EDL 5% 6/1/2031                                                               | CUSIP: 762197T27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $381583.23    | 0.01%             | 2031-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD TX ARPT MOD REV                                                                | LOVE FLD MOD TX 5% 11/1/25@                                                               | CUSIP: 54714CBA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $734215.39    | 0.02%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST PUB BLDG AUTH PUB                                                             | VA PUB BLDG 5% 8/1/2026 @                                                                 | CUSIP: 9281724E2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2410000 | PA      | $2459729.15   | 0.07%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ST JOHN BAPTIST PARISH LA REV                                                             | ST JOHN BAP REV 3.3% 6/1/2037 MT                                                          | CUSIP: 79020FBB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1959593.20   | 0.06%             | 2037-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BASELINE MET DIST NO 1 SPL REVCOLO                                                        | BASELINE MET DI 5% 12/1/2025                                                              | CUSIP: 069826AE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $438231.05    | 0.01%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HEALTH CARE AUTH FOR BAPT HLTH ALA                                                        | HLTH BAPTIST AL 2013B V7                                                                  | CUSIP: 42219UBR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2399000 | PA      | $2399000.00   | 0.07%             | 2042-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FLA HEALTH CARE FACS REV                                                     | JCKSNVL FL BAPTIST HLTH 19E V7                                                            | CUSIP: 469400EA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $740000.00    | 0.02%             | 2036-08-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MEMPHIS-SHELBY CNTY TN ARPT AU                                                            | MEMPH-SHELBY TN 5% 7/1/2025 @                                                             | CUSIP: 586111NX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2202636.92   | 0.06%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2027 @                                                            | CUSIP: 592647FY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1847602.63   | 0.05%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LEANDER TX INDPT SCH DIST                                                                 | LEANDER TX ISD 0% 8/15/2029                                                               | CUSIP: 521841T63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $517374.72    | 0.02%             | 2029-08-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| VA PORT AUTH COMWLTH PORT REV                                                             | VA PORT 5% 7/1/2029 @                                                                     | CUSIP: 928075GU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500696.05    | 0.01%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUN PWR REV                                                                      | AMERICAN MUN OH 5% 2/15/2026                                                              | CUSIP: 02765URM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1799396.84   | 0.05%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP FAC REV ACTING                                                               | OH HOSP DA 5% 1/1/26                                                                      | CUSIP: 677561KC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505318.50    | 0.01%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REV                                                                   | HOUSTON TX ARPT 5% 7/1/2027 @                                                             | CUSIP: 442349CC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2128497.72   | 0.06%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CHICAGO IL TRANSIT SALES TX 2024-XF3290-BNY Q=WF D7                                       | CUSIP: 88035J4S8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600000.00   | 0.05%             | 2049-12-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| INDIANA ST DEV FIN AU SOL WST                                                             | IN ST DFA SW 2.95% 10/1/2031 MT @                                                         | CUSIP: 454906AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5041098.00   | 0.15%             | 2031-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST SCH BLDG AUTH DEDICATED SALES TAX REV                                    | MA SCH BLDG 5% 8/15/2027                                                                  | CUSIP: 576000RT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2403771.36   | 0.07%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY N Y INDL DEV AGY MULTI-FAMILY HSG REV                                         | MONRO NY 61075N 5% 7/1/2028                                                               | CUSIP: 61075NAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $807922.44    | 0.02%             | 2028-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| LAKE CNTY FLA SCH BRD COP                                                                 | LAKE FL SB COP 5% 6/1/2028                                                                | CUSIP: 50825JLZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1373389.81   | 0.04%             | 2028-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS MO INDL DEV AUTH                                                              | ST LOUIS MO MFH 3.15% 4/1/2046 MT                                                         | CUSIP: 791900FX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3779483.80   | 0.11%             | 2046-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH NY RV                                                            | NY MTA TRANSP 5% 11/15/2027                                                               | CUSIP: 59261ANK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1235709.35   | 0.04%             | 2027-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATRIUM HEALTH                                                                             | ATRIUM HEALTH .80% 1/15/2048 MT                                                           | CUSIP: 160853VG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1480660.65   | 0.04%             | 2048-01-15      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | AZ IDA MF HSG ROERS FLAGSTAFF 2023-MIZ9157 MZ/MZ D35                                      | CUSIP: 60700HUK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.04%             | 2063-12-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PORTS AUTH                                                              | SC PORT AUTH 5% 7/1/2045 AMT                                                              | CUSIP: 837123GP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $876074.33    | 0.03%             | 2045-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 10/1/2026 AMT                                                               | CUSIP: 73358WZZ0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    525000 | PA      | $535905.83    | 0.02%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GLENDALE AZ UN HI SCH DST 205                                                             | GLENDALE AZ SD 5% 7/1/2025                                                                | CUSIP: 378334NQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $225307.64    | 0.01%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                                | CHICAGO MIDWAY 5% 1/1/2027 @                                                              | CUSIP: 167562TQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2555286.25   | 0.07%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ECONOMIC DEV REV                                                      | IN FIN ECON VAR MT@                                                                       | CUSIP: 45505RBN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2750000.00   | 0.08%             | 2028-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 8/1/2025 @                                                                | CUSIP: 735389T73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1338519.19   | 0.04%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 6/1/2026                                                               | CUSIP: 56035DEH1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2128329.42   | 0.06%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5.5% 6/1/2049 MT                                                           | CUSIP: 09182TCR6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046779.40   | 0.03%             | 2049-06-01      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| DALLAS FORT WORTH TX INTL ARPT                                                            | DFW ARPT 5% 11/1/2026 @                                                                   | CUSIP: 23503CDG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1844643.24   | 0.05%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CREEK CNTY OKLA EDL FACS AUTHEDL FACS LEASE REV                                           | CREEK OK 225472 5% 9/1/2027                                                               | CUSIP: 225472BX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2742022.05   | 0.08%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALBANY NY                                                                                 | ALBANY CITY NY 3/20/26 BAN                                                                | CUSIP: 012429CF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10400000 | PA      | $10447701.68  | 0.31%             | 2026-03-20      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TEXAS A and M UNIVERSITY REVS                                                             | TX A and M UNIV 5% 5/15/2026                                                              | CUSIP: 88213AQR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $739203.91    | 0.02%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ST JOHN BAPTIST PARISH LA REV                                                             | ST JOHN BAP REV 0% 6/1/2037 MT                                                            | CUSIP: 79020FBA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2456078.25   | 0.07%             | 2037-06-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5% 12/1/2027 @                                                             | CUSIP: 249182LA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2315000 | PA      | $2399423.19   | 0.07%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL SCH BRD                                                                | PALM BCH SCH BR 5% 8/1/2029                                                               | CUSIP: 696550M25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $775387.73    | 0.02%             | 2029-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TX REV                                                                | LCRA TX 5% 5/15/2026                                                                      | CUSIP: 54811BWE7<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   3160000 | PA      | $3216986.18   | 0.09%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DALLAS TX ISD                                                                             | DALLAS TX ISD 25A-1 G=PSF MT                                                              | CUSIP: 235308Q30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2525886.75   | 0.07%             | 2055-02-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                                  | WISCONSIN ST H 5% 2/15/2029                                                               | CUSIP: 97712JKF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1910000 | PA      | $2012313.16   | 0.06%             | 2029-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REV                                                                          | OH UNIV HOSP SYS R-FLOAT V7                                                               | CUSIP: 67756CCB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4995000 | PA      | $4995000.00   | 0.15%             | 2033-01-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CENTRAL TX REGL MOBILITY AUTH REV                                                         | CTR TX RMA 5% 1/1/2026                                                                    | CUSIP: 155498ED6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75754.02     | 0.00%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 5% 2/1/2026                                                               | CUSIP: 74440DEN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $302296.77    | 0.01%             | 2026-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | 2025 LOAN HOLDI 2025 MS0041 D7                                                            | CUSIP: 88035PHF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.15%             | 2026-05-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| ST JAMES PARISH LA REV                                                                    | LA NUCOR 10B1 V7                                                                          | CUSIP: 790103AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1850000.00   | 0.05%             | 2040-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| PISCATAWAY TWP NJ                                                                         | PISCATAWAY TWP 2% 2/1/2031                                                                | CUSIP: 724292WQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $455717.75    | 0.01%             | 2031-02-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| ARIZONA HEALTH FACS AUTH REV                                                              | AZ HLTH REV 3.09% 1/1/2046 PRE                                                            | CUSIP: 040507QS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $79738.56     | 0.00%             | 2046-01-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC NY 5% 08/01/26                                                                        | CUSIP: 64966MJK6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    220000 | PA      | $225426.39    | 0.01%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA UNI SCH DIST CP                                                            | LA CA USD COP 5% 10/1/2026 PRE                                                            | CUSIP: 544648WN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2391541.50   | 0.07%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 4/1/2026 @                                                                | CUSIP: 735389G44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507392.65    | 0.01%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ IDA REV                                                                  | MARICOPA IDA 5% MT                                                                        | CUSIP: 56682HCT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9600000 | PA      | $9736020.48   | 0.28%             | 2046-01-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                       | MIAMI-DADE MFH 4.05% MT                                                                   | CUSIP: 593344BS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $410458.42    | 0.01%             | 2026-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING AUTH ENVIRONMENTAL FACS REV                                  | VA SM BUS PURE SALMON LLC PRE MT@                                                         | CUSIP: 92810RAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6300000 | PA      | $6301455.93   | 0.18%             | 2052-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                            | SC PUB SVC 5% 12/1/2027                                                                   | CUSIP: 8371513L1<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    550000 | PA      | $575952.47    | 0.02%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 4% 7/1/2025                                                                | CUSIP: 20775DKA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $599919.42    | 0.02%             | 2025-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PORTAGE MI PUB SCHS                                                                       | PORTAGE MI PUB 5% 11/1/2028                                                               | CUSIP: 735779MN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20355.90     | 0.00%             | 2028-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 9/1/2026                                                               | CUSIP: 56035DGG1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    550000 | PA      | $559542.78    | 0.02%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2030 PRE @                                                        | CUSIP: 3922743P9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1170816.73   | 0.03%             | 2030-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY MI UNIV REVS                                                                   | UNIV OF MICHIGAN MI VARIABLE-GEN-SER A                                                    | CUSIP: 914455LP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.06%             | 2036-04-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD TX ARPT MOD REV                                                                | LOVE FLD MOD TX 5% 11/1/2025 @                                                            | CUSIP: 54714CBR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5125000 | PA      | $5154594.31   | 0.15%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2027 @                                                            | CUSIP: 592647MK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3985000 | PA      | $4124759.93   | 0.12%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | IL FIN AUTH UNIV CHICAGO MED CTR 2024-MIZ9167 MZ/MZ D1                                    | CUSIP: 60700HVR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.06%             | 2034-05-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| FLA HSG FIN CORP MULTIFAMILY MTG REV                                                      | FL MHSG 3.35% MT                                                                          | CUSIP: 34074HHA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2249444.25   | 0.07%             | 2027-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEWARK NJ BD OF ED BD                                                                     | NEWARK NJ BD OF 5% 7/15/2026                                                              | CUSIP: 650370DF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $306274.08    | 0.01%             | 2026-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC NY .49% 8/1/2026                                                                      | CUSIP: 64966GMS8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1350000.00   | 0.04%             | 2026-08-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                                   | WA ST HLTH CAR 5% 3/1/2027                                                                | CUSIP: 93978HZB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $517188.15    | 0.02%             | 2027-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5% 11/1/2026                                                               | CUSIP: 09182TED5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2262333.94   | 0.07%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 2.80% 7/1/2057                                                             | CUSIP: 20775DUY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10400000 | PA      | $10320293.36  | 0.30%             | 2057-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACS AUTH REV                                                 | WISCONSIN ST HT 5% 12/1/2026                                                              | CUSIP: 97712DW85<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    200000 | PA      | $205064.28    | 0.01%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                                  | WISCONSIN ST H 5% 2/15/2026                                                               | CUSIP: 97712JKC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $404430.20    | 0.01%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PESHTIGO WI SCH DIST                                                                      | PESHTIGO WI SD 4.75% 3/1/2027                                                             | CUSIP: 715777FE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2502064.50   | 0.07%             | 2027-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LIBERTY NY DEV CORP REV                                                                   | LIBERTY NY DEV 2015-XM0106 LIQ MORGAN STANLEY                                             | CUSIP: 531127AM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2200000.00   | 0.06%             | 2035-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY REV                                                          | MASS MA SER I 5% 7/1/26                                                                   | CUSIP: 57584XNE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20360.20     | 0.00%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 10/1/2025                                                                        | CUSIP: 4521522H3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2605000 | PA      | $2617457.37   | 0.08%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NJ HLTH CARE FACS FING AUTH DEPT HUMAN SVCS LEASE                                         | NJ HLTH CARE FA 5% 9/15/2028                                                              | CUSIP: 64579XEP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $259245.84    | 0.01%             | 2028-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL SCHOOL GO                                                                 | BROWARD FL SD 5% 7/1/2028                                                                 | CUSIP: 115067MH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2105000 | PA      | $2232218.83   | 0.07%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                                  | WISCONSIN ST H 5% 8/15/2054                                                               | CUSIP: 97712JGV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3825000 | PA      | $3882488.99   | 0.11%             | 2054-08-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 12/1/2027 @                                                                 | CUSIP: 73358XJV5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5193537.50   | 0.15%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NJ TRANSP 5% 6/15/27                                                                      | CUSIP: 6461362B6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $91634.94     | 0.00%             | 2027-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REV                                                                   | HOUSTON TX ARPT 5% 7/1/2026 @                                                             | CUSIP: 442349FF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1269861.63   | 0.04%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                                                                | CHICAGO IL 4% 1/1/2030                                                                    | CUSIP: 167486H85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1652000 | PA      | $1662162.94   | 0.05%             | 2030-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SNOHOMISH CO WASH SD 015 EDMDS                                                            | SNOHOMISH 5% 12/1/2025                                                                    | CUSIP: 833153VM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5150129.43   | 0.15%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | BURKE GA PCR 3.7% MT                                                                      | CUSIP: 121342QM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1172824.61   | 0.03%             | 2032-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PASCO CNTY FL TAX ALLOC                                                                   | PASCO CNTY CAP 5.25% 9/1/2026                                                             | CUSIP: 70252AAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $282090.46    | 0.01%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY RV                                                           | MASSACHUSET REV 5% 1/1/2026                                                               | CUSIP: 57585BDE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $564726.96    | 0.02%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DALLAS TEX HSG FIN CORP MULTI FAMILY HSG REV                                              | DALLAS MHSG 5% MT                                                                         | CUSIP: 235298BT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1084033.69   | 0.03%             | 2026-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX HOTEL OCC TX and SPL RV                                                        | HOUSTON TX HOTS 4% 9/1/2025                                                               | CUSIP: 44237NLH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $215456.57    | 0.01%             | 2025-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% MT                                                                     | CUSIP: 56035DJZ6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1172446.36   | 0.03%             | 2055-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                  | MINNESOTA ST HS 5% 8/1/2026                                                               | CUSIP: 60416TTC2<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1328271.23   | 0.04%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2025 @                                                            | CUSIP: 3922744C7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $276373.05    | 0.01%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PORTS AUTH                                                              | SC PORT AUTH 5.25% 7/1/2055 @                                                             | CUSIP: 837123KV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $901283.22    | 0.03%             | 2055-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA DEV AUTH PCR                                                               | MONROE GA PCR 3.60% 1/1/2039 MT                                                           | CUSIP: 610530FE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $563666.54    | 0.02%             | 2039-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 3.25% 11/1/2026                                                                     | CUSIP: 452152Q53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4910000 | PA      | $4893962.96   | 0.14%             | 2026-11-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETLEMENT FING CORP RI                                                            | RI TOBACCO 5% 6/1/2026                                                                    | CUSIP: 888809AY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75059.00     | 0.00%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHERN ARIZ UNIV CTFS PARTN                                                             | NORTHE AZ U COP 5% 9/1/2026                                                               | CUSIP: 664751DP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1581692.27   | 0.05%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY INST TECHNOLOGY                                                                | NEW JERSEY INST 5% 7/1/2030                                                               | CUSIP: 64579RDN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $500709.59    | 0.01%             | 2030-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BARRY CNTY MO CTFS PARTN                                                                  | BARRY CNTY MO C 5% 10/1/2025                                                              | CUSIP: 06882PAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $215828.42    | 0.01%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH HEALTH FAC REV                                                           | INDIANA FIN AUT 5% 3/1/2030                                                               | CUSIP: 45471CCY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $530661.05    | 0.02%             | 2030-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| YUMA AZ INDL DEV AUTH HOSP REV                                                            | YUMA AZ HOSP 5% 8/1/2027                                                                  | CUSIP: 988514CH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $779955.98    | 0.02%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 5/1/2027 @                                                                | CUSIP: 735389C63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2140000 | PA      | $2202246.39   | 0.06%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONALFIN AUTH REV                                                | NEW YORK AUTH 5% 11/1/2027                                                                | CUSIP: 64972JSK5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   3355000 | PA      | $3524519.43   | 0.10%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX UTIL SYS REV                                                                   | HOUSTON TX UTIL 5% 11/15/2025                                                             | CUSIP: 44244CGH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1766027.20   | 0.05%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KATY TX IS                                                                                | KATY TX ISD 4% MT                                                                         | CUSIP: 486063V49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6055187.40   | 0.18%             | 2050-08-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI BUS FIN CORP MS SW                                                            | MS BFC SW 1995 V1 @                                                                       | CUSIP: 60527MAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1200000.00   | 0.04%             | 2025-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| READING PA SCH DIST                                                                       | READING PA SD 5% 3/1/2027                                                                 | CUSIP: 755638YY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5149.55      | 0.00%             | 2027-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PAWTUCKET R I                                                                             | PAWTUCKET CITY RI 24-2 10/24/25 BAN                                                       | CUSIP: 7041654L0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4707793.54   | 0.14%             | 2025-10-24      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                              | COLORADO HEALTH 5% MT                                                                     | CUSIP: 19648FJJ4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    340000 | PA      | $342724.01    | 0.01%             | 2049-08-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEWARK HIGHER ED FIN CORP TEX REV                                                         | NEWARK HGR EDU TX 5% 4/1/26                                                               | CUSIP: 650348AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55659.37     | 0.00%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH HEALTH FAC REV                                                           | INDIANA FIN AUT 5% 3/1/2028                                                               | CUSIP: 45471CCW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $353879.51    | 0.01%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | NASHVILLE and DAVIDSON TN HLTH and EDUC EWING HGTS 2024-MIZ9163 MZ/MZ D35                 | CUSIP: 60700HVD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1300000.00   | 0.04%             | 2062-12-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| SKAGIT CNTY WASH PUB HOSP DISTNO 001 REV                                                  | SKAGI WA 830227 4% 12/1/2026                                                              | CUSIP: 830227DV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1304602.26   | 0.04%             | 2026-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST STUDENT LN                                                                | RI STUD LN 5% 12/1/2026 @                                                                 | CUSIP: 762315QY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $579437.49    | 0.02%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REV                                                                   | HOUSTON TX ARPT 5% 7/1/2025 @                                                             | CUSIP: 442349CA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1901949.78   | 0.06%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MOBILE AL IDB POLLUTN CTL REV                                                             | MOBILE AL IDB 3.65% MT                                                                    | CUSIP: 607167DX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $11998502.40  | 0.35%             | 2034-07-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| VALLEY CENTER KANS                                                                        | VALLE KS 4.375% 12/1/2025                                                                 | CUSIP: 919443XF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2890000 | PA      | $2890702.85   | 0.08%             | 2025-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST P ATH SPL FAC                                                            | MA PORT SPL 5% 7/1/2027 @                                                                 | CUSIP: 575898DC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $293763.61    | 0.01%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BOARD                                                             | N ORLEANS AVIAT 5% 1/1/2026@                                                              | CUSIP: 64763HLX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1293615.36   | 0.04%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Fidelity Salem Street Trust                                                               | Fidelity Sai Municipal Money Market Fund                                                  | CUSIP: 31635V174<br>LEI: S4W85DGKOEJ24DPRB829 | Long             | EC               | RF                | US        |  43815600 | NS      | $43824362.98  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN CALIFORNIA ENERGY AUTHORITY                                                      | NORTHERN CALIFO 5% 8/1/2025                                                               | CUSIP: 664840AE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $601135.50    | 0.02%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| POLK CO FL HSG FIN AUTH MFH RV                                                            | POLK CO FL HFA 4.15% MT                                                                   | CUSIP: 731903BN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $766190.20    | 0.02%             | 2040-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTY DV AU RV                                                            | CA STWD .33% 07/01/2040                                                                   | CUSIP: 130795DJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2175000.00   | 0.06%             | 2040-07-01      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| ESSEX CNTY NJ IMPT AUTH LEASE                                                             | ESSEX CNTY NJ 6/18/25 BAN                                                                 | CUSIP: 296807ML1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7005474.00   | 0.20%             | 2025-06-18      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MD STADIUM AUTH BUILT LEARN                                                               | MARYLAND ST STA 5% 6/1/2026                                                               | CUSIP: 574294BB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $867426.19    | 0.03%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DALLAS TX                                                                                 | DALLAS TX 5% 2/15/2026                                                                    | CUSIP: 235219VZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7800000 | PA      | $7906351.44   | 0.23%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA HSG FIN AGY MULTIFAMILY HSG MTG REV 3                                   | DISTRICT COLUB 5% 3/1/2029 MT                                                             | CUSIP: 25477TBB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1488514.39   | 0.04%             | 2029-03-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| RALEIGH DURHAM NC ARPT AUTH ARPT REV                                                      | RALEIGH NC ARPT 5% 5/1/2027@                                                              | CUSIP: 751073LA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $767991.15    | 0.02%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTH TX TWY AUTH REV                                                                     | NORTH TX TOLL 5% 1/1/2026                                                                 | CUSIP: 66285WE77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $702615.12    | 0.02%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                                | DETROIT MI 5% 5/1/2031                                                                    | CUSIP: 2510936M7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $342240.22    | 0.01%             | 2031-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | BURKE GA PCR 3.8% MT                                                                      | CUSIP: 121342QG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3960000 | PA      | $3973283.42   | 0.12%             | 2032-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                          | NEW JERSEY ECN 5% 6/15/2025                                                               | CUSIP: 64577XCA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $385234.97    | 0.01%             | 2025-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | CA HFA REV 2022-MIZ9097 MZ/MZ D7                                                          | CUSIP: 60700HMD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    932875 | PA      | $932875.00    | 0.03%             | 2062-06-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| READING PA SCH DIST                                                                       | READING PA SD 5% 3/1/2026                                                                 | CUSIP: 755638YX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5073.75      | 0.00%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                       | ILLINOIS FN RV 5% MT                                                                      | CUSIP: 45204FTD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3097486.80   | 0.09%             | 2052-08-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                                | SLT LAKE U 5% 7/1/2026 @                                                                  | CUSIP: 795576GW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2032204.60   | 0.06%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ST JOHN BAPTIST PARISH LA REV                                                             | ST JOHN BAP REV 4.05% MT                                                                  | CUSIP: 79020FAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3045000 | PA      | $3044864.50   | 0.09%             | 2037-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG and FIN AUTH MULTIFAMILY HSG REV                                             | CO HSG and FIN 3.5% 11/1/2043                                                             | CUSIP: 19647PDN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9090000 | PA      | $9100605.30   | 0.27%             | 2043-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HSG FIN and DEV CORP MULTIFAMILY REV                                            | HI ST HSG FIN 3.3% MT                                                                     | CUSIP: 41981PCG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4205000 | PA      | $4210491.73   | 0.12%             | 2029-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HSG MTG FIN PROG                                              | CONNECTICUT S .45% 11/15/2025                                                             | CUSIP: 20775HEB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $689517.57    | 0.02%             | 2025-11-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                                  | NY TRANS CORP 5% 12/1/2026 @                                                              | CUSIP: 650116FA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5870000 | PA      | $5974999.63   | 0.17%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LANSING MICH BRD WTR and LT UTIL SYS REV                                                  | LANSING MI WTR 2% MT                                                                      | CUSIP: 516391DV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $977899.30    | 0.03%             | 2051-07-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                                               | PHIL PA AIRPORT 5% 7/1/2025 @                                                             | CUSIP: 717817WD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2452393.41   | 0.07%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH REV                                                                     | IL NORTHWSTRN U(ILLFTE)24 TECP                                                            | CUSIP: 45203UAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4899730.01   | 0.14%             | 2025-09-16      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CENTRAL PLAINS ENERGY PROJ NE GAS PROJ REV                                                | CTR PLN ENG GAS 5% MT                                                                     | CUSIP: 154871CW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1458012.75   | 0.04%             | 2054-05-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN SER B 5% 12/1/2025@                                                          | CUSIP: 646080TS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2236982.07   | 0.07%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                                  | NY TRANS CORP 5% 12/1/2027 @                                                              | CUSIP: 650116FB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1915000 | PA      | $1972406.72   | 0.06%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT PORTLAND OR ARPT REV                                                                 | PORTLND OR ARPT 5% 7/1/2029 @                                                             | CUSIP: 7352404N0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2860000 | PA      | $3015000.85   | 0.09%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG FIN AUTH                                                                     | CO HFA 4.25% 11/1/2049                                                                    | CUSIP: 1964794J5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $70452.86     | 0.00%             | 2049-11-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH WTR FAC REV                                                             | IL FIN WTR 3.875% MT                                                                      | CUSIP: 45203EAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1470061.50   | 0.04%             | 2040-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CA PUB PWR AUTH PROJ                                                             | SCPPA PROJ 3.7% 7/1/2040 MT                                                               | CUSIP: 842475R80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2994029.40   | 0.09%             | 2040-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| COLUMBUS-FRANKLIN CNTY OHIO FIN AUTH MULTIFAMILY HSG REV                                  | COLUMBUS HSG RE 5% 7/1/2045 MT                                                            | CUSIP: 19910XAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $780318.05    | 0.02%             | 2045-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FLA AVIAT REV                                                             | MIAMI-DADE AVI 5% 10/1/2028 @                                                             | CUSIP: 59333P7E2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4287048.56   | 0.13%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST STUDENT LN                                                                | RI STUD LN 4% 12/1/2026 @                                                                 | CUSIP: 762315QH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $143979.42    | 0.00%             | 2026-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA DEV AUTH PCR                                                               | MONROE GA PCR (GEORGIA PWR CO PLT SCHERER) 3.88% 10/1/48                                  | CUSIP: 610530FY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3675000 | PA      | $3681030.31   | 0.11%             | 2048-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| HUMBOLDT CNTY NEV PCR                                                                     | HUMBLT NV PCR 3.55% 10/1/2029                                                             | CUSIP: 445199AQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $336764.34    | 0.01%             | 2029-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PCF SOLID WST DISP                                                             | CAL PCR SWDR 3% 11/1/2025 AMT                                                             | CUSIP: 130536QV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3483676.70   | 0.10%             | 2025-11-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO MTG FIN AUTH                                                                   | NM MFA 4% 1/1/2049                                                                        | CUSIP: 6472007V0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110209.30    | 0.00%             | 2049-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 4% 12/1/2025                                                               | CUSIP: 09182TAK3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4006505.60   | 0.12%             | 2025-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | BURKE GA PCR 3.35% 11/1/2048                                                              | CUSIP: 121342QP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5891102.40   | 0.17%             | 2048-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | FL ORLANDO HLTH BC22-026 BC/BC DR42                                                       | CUSIP: 76252PUV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.01%             | 2044-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 12/1/2026 @                                                                 | CUSIP: 73358XJU7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   4640000 | PA      | $4749290.10   | 0.14%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REV                                                                 | JEFF AL W+S 5% 10/1/2025                                                                  | CUSIP: 472682YU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $743683.72    | 0.02%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CNTRL BRADFORD NY GUTHRIE CLINIC BAML 2024-5049 BA/BA D1                                  | CUSIP: 88035HRE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.29%             | 2054-02-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH RE                                                                      | MICHIGAN FIN AU .75% 10/15/2025                                                           | CUSIP: 59447TU27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $247716.25    | 0.01%             | 2025-10-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | BRAZOS TX HSG FIN CORP 2023-XF3129-AMR MZ/MZ D7                                           | CUSIP: 88035GQP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1300000.00   | 0.04%             | 2041-09-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                              | CA SOLID WASTE REPUBLIC SEVICES 21A MT@                                                   | CUSIP: 13048RAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4597022.88   | 0.13%             | 2041-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CITY IDA REV                                                                  | NYC IDA 5% 1/1/2026                                                                       | CUSIP: 64971PKU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1378521.55   | 0.04%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST INDS AUTH EDL FACSLEASE REV                                                   | OKLAHOMA ST IND 5% 4/1/2029                                                               | CUSIP: 67910FAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3190090.80   | 0.09%             | 2029-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALASKA MUN BD BK ALASKA MUN BD BK AUTH                                                    | ALASKA MUN BD B 5% 12/1/2026 @                                                            | CUSIP: 01179R3Y7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $520988.15    | 0.02%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX UTIL SYS REV                                                                   | HOUSTON TX UTIL 5% 11/15/2025                                                             | CUSIP: 44244CS24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4036633.60   | 0.12%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA MUN PWR AGY 1                                                              | NC MUNI PWR 1 5% 1/1/2030 PRE                                                             | CUSIP: 6582036A7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2071753.78   | 0.06%             | 2030-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO MTG FIN AUTH                                                                   | NM MFA 4% 1/1/2050                                                                        | CUSIP: 647201FY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $215420.43    | 0.01%             | 2050-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2027 @                                                                | CUSIP: 544445SG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1336034.44   | 0.04%             | 2027-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | MD MF HSG WOODINGTON GARDENS 2024-XF3222-AMR MZ/MZ D7                                     | CUSIP: 88035HK96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2600000.00   | 0.08%             | 2054-04-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                            | SC PUB SVC 5% 12/1/2028                                                                   | CUSIP: 8371513M9<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    550000 | PA      | $585030.93    | 0.02%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CA MF HSG FIN AGY 2023-XF3127-AMR MZ/MZ D7                                                | CUSIP: 88035F4X5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.04%             | 2030-06-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                              | CA SOLID WASTE REPUBLIC SEVICES 21B MT@                                                   | CUSIP: 13048RAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000980.40   | 0.12%             | 2051-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH ECON DEV REV                                                             | HAMILTON OH ECO 1999 L=PN V7                                                              | CUSIP: 407271FE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $375000.00    | 0.01%             | 2028-12-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NORTHERN TOB SECURITIZATION AK                                                            | NORTHN TOBAC AK 5% 6/1/2026                                                               | CUSIP: 66585VBG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013364.90   | 0.03%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT PORTLAND OR ARPT REV                                                                 | PORTLND OR ARPT 5% 7/1/2026 @                                                             | CUSIP: 735240V67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1168272.70   | 0.03%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | BURKE GA PCR 2.875% MT                                                                    | CUSIP: 121342QD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1995327.00   | 0.06%             | 2049-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 9/1/2026                                                               | CUSIP: 56035DGX4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    275000 | PA      | $279771.39    | 0.01%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | SAINT LOUIS MO IDA HAWKINS VILLAGE APTS 2023-MIZ9153 MZ/MZ D35                            | CUSIP: 60700HTX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1700000.00   | 0.05%             | 2063-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                            | CHICAGO OHARE 5% 1/1/2026 @                                                               | CUSIP: 1675937E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2615000 | PA      | $2640100.60   | 0.08%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC ARPT REV                                                                     | CHARLOTTE NC AP 5% 7/1/2026 @                                                             | CUSIP: 161036VR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $462957.09    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REV                                                                       | ATLANTA GA ARPT 5% 7/1/2025 @                                                             | CUSIP: 04780MR76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1601773.28   | 0.05%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEVE AUTH IDR                                                            | CHANDLER AZ IDR 4% MT@                                                                    | CUSIP: 158862CE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3939486.00   | 0.12%             | 2049-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                                   | NYS_HFA 0.65% 11/1/2056 MT                                                                | CUSIP: 64987JKJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98451.68     | 0.00%             | 2056-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                         | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT 5% 11/1/2026                            | CUSIP: 84136HAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $402666.08    | 0.01%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LANSING MICH SCH DIST                                                                     | LANSING MICH SC 5% 5/1/2029                                                               | CUSIP: 516444UJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $214636.18    | 0.01%             | 2029-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BEXAR CNTY TX                                                                             | BEXAR CNTY TX 5% 6/15/2025                                                                | CUSIP: 088281RM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $960671.71    | 0.03%             | 2025-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5.25% 12/1/2025                                                            | CUSIP: 09182TBY2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1133253.23   | 0.03%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS SLD WASTE                                                             | PFA WI SD WSTE 1.9% MT@                                                                   | CUSIP: 74445MAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6800000 | PA      | $6803140.24   | 0.20%             | 2025-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ALAMO TEX AREA HSG FIN CORP MULTIFAMILY HSG REV                                           | ALAMO TEX AREA 3.39% MT                                                                   | CUSIP: 011414AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6018951.00   | 0.18%             | 2044-07-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CLARK COUNTY NV MCCARRAN AIR                                                              | CLARK CO NV PFC 5% 7/1/2027                                                               | CUSIP: 181006HL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $286378.79    | 0.01%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATRIUM HEALTH                                                                             | ATRIUM HEALTH 5% MT                                                                       | CUSIP: 160853VF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2990020.20   | 0.09%             | 2050-01-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                                | DETROIT MI 5% 5/1/2026                                                                    | CUSIP: 2510936G0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1144399.25   | 0.03%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 5/1/2029                                                                         | CUSIP: 452153JL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052934.80   | 0.03%             | 2029-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CTY MUN WTR FIN AU                                                            | NYC WTR VAR 6/15/2033                                                                     | CUSIP: 64972GZW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.06%             | 2033-06-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| DIRECTOR ST NV DPT BUS and IND SOLID WASTE DISP REV                                       | NV SLD WST 1.875% 12/1/2026 @ MT                                                          | CUSIP: 25459JAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2999798.70   | 0.09%             | 2026-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE and JEFFERSON CNTY KY METRO GOVT HEALTH SYS REV                                | LOUIS/JEFF HLTH 5% MT                                                                     | CUSIP: 54659LCD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2015000 | PA      | $2054361.82   | 0.06%             | 2047-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX HOTEL OCC TX and SPL RV                                                        | HOUSTON TX HOTS 5% 9/1/2027                                                               | CUSIP: 44237NHM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1216560.79   | 0.04%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                       | ILLINOIS FN RV 5% 1/1/2027                                                                | CUSIP: 45204FG25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1303352.43   | 0.04%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACS AUTH REV                                                 | WISCONSIN ST HT 5% 4/1/2026                                                               | CUSIP: 97712DS64<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    195000 | PA      | $197867.07    | 0.01%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV SCHOOL DIST                                                                 | CLARK CO NV SD 5% 6/15/25                                                                 | CUSIP: 181059ZJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $315192.50    | 0.01%             | 2025-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ARPT SYS REV                                                               | SAN ANT TX ARPT 5% 7/1/2026 @                                                             | CUSIP: 796242TK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508584.05    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LANCASTER CNTY PA HOSP AUT REV                                                            | LANCASTER H AUT 5% 11/1/2026                                                              | CUSIP: 514045Y23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1041978.86   | 0.03%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HONOLULU HI CITY and CNTY MFR                                                             | HONOLULU HI MFR 5% 12/1/2026 MT                                                           | CUSIP: 438697BQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2114144.24   | 0.06%             | 2027-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                              | COLORADO HEALTH 5% MT                                                                     | CUSIP: 19648FGN8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   8060000 | PA      | $8107092.97   | 0.24%             | 2048-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MET WATER RECL DIST                                                            | CHICAGO MET WAT 5% 12/1/2027                                                              | CUSIP: 167560SW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3035000 | PA      | $3112049.24   | 0.09%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NJ ST HSG and MTG FIN AGY MFR                                                             | NJ ST HMFA MF1 5% 11/1/2026 @                                                             | CUSIP: 646108Z29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021039.40   | 0.03%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NJ HLTH CARE FACS FING AUTH DEPT HUMAN SVCS LEASE                                         | NJ HLTH CARE FA 5% 9/15/2029                                                              | CUSIP: 64579XEE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $165912.12    | 0.00%             | 2029-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | BLACK BELT ENE AL 2022-XM1080-ALL G=MO/JPMC BANK D1                                       | CUSIP: 88035ESG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2280000 | PA      | $2280000.00   | 0.07%             | 2053-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DALLAS FORT WORTH TX INTL ARPT                                                            | DFW ARPT 5% 11/1/2025                                                                     | CUSIP: 2350365A4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007012.00   | 0.03%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PIB IMPTBD BK LO INCOME TAX REV                                      | INDIANAPOLIS IR 5% 7/15/2029                                                              | CUSIP: 45527CDJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $510147.82    | 0.01%             | 2029-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ST LOUIS MO ARPT REV                                                                      | ST LOUIS MO AIR 5% 7/1/2025@                                                              | CUSIP: 791638J59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $420544.78    | 0.01%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 7/1/2026                                                                         | CUSIP: 452153GB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5092254.00   | 0.15%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                                   | WA ST HLTH CAR 5% 8/15/2026                                                               | CUSIP: 93978HSE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $117272.50    | 0.00%             | 2026-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VERMONT ST STUD ASSIT CORP                                                                | VT STUD LN 5% 6/15/2027 @                                                                 | CUSIP: 92428CMD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $679135.24    | 0.02%             | 2027-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2028 @                                                               | CUSIP: 646080YE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2067631.60   | 0.06%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NY MTA TRANS 2022-XF1355-NUV Q=JPMC BK D7                                                 | CUSIP: 88035DDN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2400000.00   | 0.07%             | 2043-11-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| CLIFTON TEX HIGHER ED FIN CORP ED REV                                                     | CLIFTON TEX HIG 5% 8/15/2027                                                              | CUSIP: 187145SE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1322886.96   | 0.04%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                                  | NY TRANS CORP 5% 12/1/2027 @                                                              | CUSIP: 650116DG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1055726.84   | 0.03%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH SOLD WASTE DISP FACS REV                                  | WV EDA SLD WAST 3.375% MT                                                                 | CUSIP: 95648VBS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1986882.00   | 0.06%             | 2040-03-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2025 @                                                            | CUSIP: 592647MH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1507014.45   | 0.04%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | TX ST MF HSG ROERS BOERNE 2023-MIZ9124 MZ/MZ D35                                          | CUSIP: 60700HQD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11100000 | PA      | $11100000.00  | 0.32%             | 2062-10-01      | Variable      | 0.02%                 | Yes           |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | UT SF HSG REV 2024-XG0563-NUV Q=BC D7                                                     | CUSIP: 88035HXR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4125000 | PA      | $4125000.00   | 0.12%             | 2054-01-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| GRAND TRAVERSE CNTY MI HOSP                                                               | GRAND TRAV HOSP 5% 7/1/2025                                                               | CUSIP: 386523HW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $480571.39    | 0.01%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV                                             | BLACK BELT ALAB 4% MT                                                                     | CUSIP: 09182NCB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1998117.80   | 0.06%             | 2052-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RESIDENTIA L MTG REV                                                  | OH HFA RES MTG 4.50% 3/1/2050                                                             | CUSIP: 67756QZW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25236.55     | 0.00%             | 2050-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 3/1/2026                                                               | CUSIP: 56035DET5<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    930000 | PA      | $939243.74    | 0.03%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | EL PASO TX HSG FIN 2022-MIZ9104 MZ/MZ D35                                                 | CUSIP: 60700HNE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1900000.00   | 0.06%             | 2062-08-01      | Variable      | 0.02%                 | Yes           |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/25@                                                               | CUSIP: 592647HE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $532478.44    | 0.02%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CITY HSG DEV CORPMULTIFAMILY HSG REV                                                      | CITY HSG DEV CO 4.3% MT                                                                   | CUSIP: 64972E7D5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $380910.34    | 0.01%             | 2063-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 0% 7/1/2048                                                                | CUSIP: 20775DUX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2629195.91   | 0.08%             | 2048-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                                  | WISCONSIN ST H 5% 2/15/2028                                                               | CUSIP: 97712JKE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $536012.52    | 0.02%             | 2028-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| EL PASO TEX                                                                               | EL PASO TX 5% 8/15/2027                                                                   | CUSIP: 2837347B1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $626150.52    | 0.02%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST PUB BLDG AUTH PUB                                                             | VA PUB BLDG 5% 8/1/2025 @                                                                 | CUSIP: 9281724D4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3375000 | PA      | $3384195.86   | 0.10%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ IDA REV                                                                  | MARICOPA IDA 5% MT                                                                        | CUSIP: 56682HDU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6040000 | PA      | $6125579.55   | 0.18%             | 2053-01-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2030 @                                                            | CUSIP: 392274Q33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022289.50   | 0.03%             | 2030-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST MTG AGY HOMEOWNERMTG REV                                                      | NEW YORK ST MTG 3.80% 10/1/2026 @                                                         | CUSIP: 64988YZL4<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |    680000 | PA      | $680810.70    | 0.02%             | 2026-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CLAYTON TOWN WI                                                                           | CLAYTON TOWN WI 2% 6/1/2026                                                               | CUSIP: 184423BY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1959291.40   | 0.06%             | 2026-06-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                                               | PHIL PA AIRPORT 5% 7/1/2028 @                                                             | CUSIP: 717817XJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3170000 | PA      | $3307738.09   | 0.10%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                         | SOUTHEAST EN AL 5% 6/1/2032                                                               | CUSIP: 84136HAY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $873097.34    | 0.03%             | 2032-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                       | MIAMI-DADE MFH 0% 3/1/2029 MT                                                             | CUSIP: 593344CA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2014520.80   | 0.06%             | 2029-03-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| RAILSPLITTER TOB SETTLEMENT AUTH ILL TOB SETTLEMENT REV                                   | RAILSPLITTER IL 5% 6/1/2028                                                               | CUSIP: 75076PBA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4545000 | PA      | $4638282.49   | 0.14%             | 2028-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEWARK NJ                                                                                 | NEWARK CITY ESSEX CNTY NJ 9/25/25 BAN                                                     | CUSIP: 650367TA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8900000 | PA      | $8918664.19   | 0.26%             | 2025-09-25      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPTBD BK                                                        | INDIANAPOLIS BK 5% 1/1/2026 @                                                             | CUSIP: 45528VAX7<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    385000 | PA      | $388939.71    | 0.01%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH MULTIFAMILY HSG REV                                                 | ILLINOIS HDA MU 5% 2/1/2027 MT                                                            | CUSIP: 45203LEL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $510288.21    | 0.01%             | 2027-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| EAST DOWNTOWN REDEV AUTH TEX TAX INCREMENT CONTRACT REV                                   | EAST DOWNTOWN 5% 9/1/2026                                                                 | CUSIP: 272066AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $303034.26    | 0.01%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5.25% 11/15/2026                                                           | CUSIP: 249182SU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $795622.05    | 0.02%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                                               | PHIL PA AIRPORT 5% 6/15/2026 @                                                            | CUSIP: 717817SF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001273.20   | 0.03%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TEXAS STATE                                                                               | TX ST 4% 8/1/2025 @                                                                       | CUSIP: 882724PB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3005000 | PA      | $3007846.04   | 0.09%             | 2025-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW 3.95% MT@                                                                      | CUSIP: 708692CB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6400000 | PA      | $6400410.88   | 0.19%             | 2049-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MOORHEAD MN EDL FACS REV                                                                  | MORRHEAD MN ED 5% 12/1/25                                                                 | CUSIP: 61615DBG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20000.00     | 0.00%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST MUN PWR AGY REV                                                                | FL MUNI PWR 5% 10/1/2025                                                                  | CUSIP: 342816S63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503056.35    | 0.01%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI BUS FIN CORP MS RV                                                            | MS PWR - SOUTHERN CO 99 V1@                                                               | CUSIP: 605279MJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.01%             | 2027-12-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPTBD BK                                                        | INDIANAPOLIS BK 5% 1/1/2027 @                                                             | CUSIP: 45528VAY5<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    760000 | PA      | $776924.67    | 0.02%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BELLMORE NY UN FREE SCH DIST                                                              | BELLMORE NY UFS 2% 6/15/2029                                                              | CUSIP: 079731FV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $486910.15    | 0.01%             | 2029-06-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                                                      | ILLINOIS FIN AT 5% 7/1/2025                                                               | CUSIP: 45204ECZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250327.50    | 0.01%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX INDPT SCH DIST                                                                 | HOUSTON TX ISD 5% 2/15/2027                                                               | CUSIP: 442403MA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3015000 | PA      | $3125876.02   | 0.09%             | 2027-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD PROJ REV                                                                     | BALT MD WTR 5% 7/1/2028                                                                   | CUSIP: 05922KYJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2061597.80   | 0.06%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DALLAS TX                                                                                 | DALLAS TX 5% 2/15/2026                                                                    | CUSIP: 235219US9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3294313.10   | 0.10%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HEALTH and ED FACSAUTH REV MEMORIAL HOSP                                    | NEW HAMPSHIRE H 3.3% MT                                                                   | CUSIP: 64461XJX4<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   8030000 | PA      | $8045828.74   | 0.24%             | 2040-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                  | MN HFA 3.70% 8/1/2026                                                                     | CUSIP: 60416UTZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001142.40   | 0.06%             | 2026-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TEXAS STATE                                                                               | TX ST 5% 8/1/2025 @                                                                       | CUSIP: 882724LD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2805000 | PA      | $2812176.59   | 0.08%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH SOLD WASTE DISP FACS REV                                  | WV EDA SLD WAST 3.750% 12/1/2042 MT                                                       | CUSIP: 95648VBM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1275000.00   | 0.04%             | 2042-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| FREDERICK CNTY MD SPL OBLIG                                                               | FREDERICK MD OB 5% 7/1/2027                                                               | CUSIP: 35571LBP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $1011927.42   | 0.03%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD HSG SINGLE FAMILY MTG                                                      | MONTANA ST 4% 6/1/2050                                                                    | CUSIP: 61212WGR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20062.50     | 0.00%             | 2050-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SUFFOLK CNTY NY                                                                           | SUFFOLK CNTY NY 5% 10/1/2026 Q                                                            | CUSIP: 86476PM62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $180229.95    | 0.01%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CENTRAL TX REGL MOBILITY AUTH REV                                                         | CTR TX RMA 5% 1/1/2027                                                                    | CUSIP: 155498LY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4190000 | PA      | $4231284.49   | 0.12%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS POLLUTIONCTL REV                                                      | PUBLIC FINAN WI 3.3% MT                                                                   | CUSIP: 74447HAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3266400.72   | 0.10%             | 2046-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 3/1/2026                                                               | CUSIP: 56035DGF3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    680000 | PA      | $686758.86    | 0.02%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY MN                                                                             | UNIV MN(UMINNH)H Q=SELF TECP                                                              | CUSIP: 91447RBY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000083.00   | 0.06%             | 2025-06-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| TEXAS TRANSN COMMN                                                                        | TEXAS TRANSN CO 0.65% 10/1/2041 MT                                                        | CUSIP: 882830BJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3640601.63   | 0.11%             | 2041-10-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2033 @                                                            | CUSIP: 392274Q66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009408.40   | 0.03%             | 2033-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | BURKE GA PCR 3.8% 10/1/2032 MT                                                            | CUSIP: 121342QJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2884643.90   | 0.08%             | 2032-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ED LN AUTH ED LN                                                            | MA ED LN AUTH 5% 7/1/2026 @                                                               | CUSIP: 57563RSC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2390000 | PA      | $2428031.35   | 0.07%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 3.2% 7/1/2037 MT                                                           | CUSIP: 20775DVU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2575000 | PA      | $2559529.66   | 0.07%             | 2037-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC GO 22D-3 Q=SS V1                                                                      | CUSIP: 64966QZZ6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.15%             | 2052-05-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| VA PORT AUTH COMWLTH PORT REV                                                             | VA PORT 5% 7/1/2028 @                                                                     | CUSIP: 928075GT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4230000 | PA      | $4235888.58   | 0.12%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX WTR REV                                                                    | SAN ANTONIO WTR 1% MT                                                                     | CUSIP: 79642GNB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4093612.75   | 0.12%             | 2043-05-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| ROUND ROCK TX INDPT SCH DIST                                                              | ROUNDRCK TX ISD 5% 8/1/2044                                                               | CUSIP: 779240RD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3229724.70   | 0.09%             | 2044-08-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST PUB BLDG AUTH PUB                                                             | VA PUB BLDG 5% 8/1/2025 @                                                                 | CUSIP: 928172U29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4512261.15   | 0.13%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FORT BEND TX INDPT SCH DIST                                                               | FT BEND TX ISD 4% 8/1/2054                                                                | CUSIP: 346843VT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10149093.00  | 0.30%             | 2054-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HSG and MTG FIN CP                                                           | RI HSG 5% 4/1/2029                                                                        | CUSIP: 76221RU27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $317922.21    | 0.01%             | 2029-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVT NASHVILLE and DAVIDSON CNTY TN                                          | MET NASH TN 4% 7/1/2028                                                                   | CUSIP: 592112SL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1458565.92   | 0.04%             | 2028-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                            | SC PUB SVC 5% 12/1/2025                                                                   | CUSIP: 837151ME6<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    115000 | PA      | $115000.00    | 0.00%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SEMINOLE CNTY FL SCH BRD CTFS                                                             | SEMINOLE FL SCH 5% 7/1/26                                                                 | CUSIP: 816692MS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25544.54     | 0.00%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND PWR AUTH NY ELEC                                                              | LIPA NY .85% MT                                                                           | CUSIP: 542691DM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7060000 | PA      | $7002437.00   | 0.20%             | 2050-09-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| ALASKA AIRPORT                                                                            | AK AIRPORT 5% 10/1/2028 @                                                                 | CUSIP: 011842UR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045621.60   | 0.03%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RENO TAHOE ARPT AUTH NV ARPT REV                                                          | RENO TAHOE ARPT 5% 7/1/2028 @                                                             | CUSIP: 759874BS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $233842.23    | 0.01%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SHARON WIS UTIL SYS REV                                                                   | SHARO WI 5% 12/1/2026                                                                     | CUSIP: 819857AR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2174541.61   | 0.06%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA HSG DEV AUTH                                                                 | SD HDA 4% 11/1/2047                                                                       | CUSIP: 83756CTC9<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    210000 | PA      | $210048.43    | 0.01%             | 2047-11-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MC KINNEY TEX                                                                             | MC KINNEY TE 5% 8/15/2027                                                                 | CUSIP: 58178CGZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $187884.36    | 0.01%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5% 11/15/2025 @                                                            | CUSIP: 249182UL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3275000 | PA      | $3295173.67   | 0.10%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX UTIL SYS REV                                                                   | HOUSTON TX UTIL 5% 11/15/2027                                                             | CUSIP: 44244CJ32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050225.10   | 0.03%             | 2027-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TAMPA FL HOSP REV                                                                         | TAMPA FL HOSP 5% 7/1/2025                                                                 | CUSIP: 875161CL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100106.72    | 0.00%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CENTRAL PLAINS ENERGY PROJ NE GAS PROJ REV                                                | CENTRAL PLAINS 4% MT                                                                      | CUSIP: 154872AT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8502257.60   | 0.25%             | 2049-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WESTFIELD WASHINGTON IND MULTI                                                            | WSTFLD WA SCH 5% 7/15/2027                                                                | CUSIP: 96023PNJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $519377.65    | 0.02%             | 2027-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| YUMA ARIZ PLEDGED REV                                                                     | YUMA ARIZ PLEDG 4% 7/1/2025                                                               | CUSIP: 98851WAU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $505306.74    | 0.01%             | 2025-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| OMAHA NE ARPT AUTH ARPT REV                                                               | OMAHA NE ARPT 5% 12/15/2027 @                                                             | CUSIP: 681725MR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036977.20   | 0.03%             | 2027-12-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RACINE WI UNI SCH DIST                                                                    | RACINE WI USD 5% 4/1/2027                                                                 | CUSIP: 750046SV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $155499.15    | 0.00%             | 2027-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LANCASTER OH                                                                              | LANCASTER OH 4.125% 6/10/2026                                                             | CUSIP: 514246JD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1511979.30   | 0.04%             | 2026-06-10      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WISE CNTY VA INDL DEV AUTH SOLID WASTE and SEW DISP REV                                   | WISE VA IDA SW 3.8% MT                                                                    | CUSIP: 977228AF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2017855.40   | 0.06%             | 2040-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LEANDER TX INDPT SCH DIST                                                                 | LEANDER TX ISD 0% 8/15/2028                                                               | CUSIP: 521841T48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $850650.52    | 0.02%             | 2028-08-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                          | NEW JERSEY ECN 5% 3/1/2026                                                                | CUSIP: 64577XEN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5300000 | PA      | $5374316.60   | 0.16%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOWELL ARK INDL DEV REV                                                                   | LOWELL AR IDR 1996 V7 @                                                                   | CUSIP: 547516AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5800000 | PA      | $5800000.00   | 0.17%             | 2031-06-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH HEALTH FAC REV                                                           | INDIANA FIN AUT 5% 3/1/2027                                                               | CUSIP: 45471CCV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $236756.30    | 0.01%             | 2027-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY HOUSTON TEX SPORTS AUTH REV                                                   | HARRIS CNTY REV 5% 11/15/2025                                                             | CUSIP: 413890HE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4030038.40   | 0.12%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SA ENERGY ACQUISITION PUB FAC CORP TX GAS SUPPLY REV                                      | SA ENERGY ACQUISITION PUB FAC CORP TX GAS SUPPLY REV                                      | CUSIP: 785138AT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1077720.07   | 0.03%             | 2025-08-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| DALLAS TX AREA RAP TR SALE TAX                                                            | DALLAS TX DART TECP                                                                       | CUSIP: 23452P7B9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2950000 | PA      | $2952072.08   | 0.09%             | 2025-10-09      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA                                            | SOUTHEAST ENERG 5% 7/1/2025                                                               | CUSIP: 84136FBP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $650540.15    | 0.02%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO MTG FIN AUTH                                                                   | NM MFA 5.75% 3/1/2054                                                                     | CUSIP: 647201YR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $303190.44    | 0.01%             | 2054-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| FEDERATED FIXED INC SECS INC                                                              | Federated Hermes Municipal Ultrashort IS                                                  | CUSIP: 31417P858<br>LEI: UIG5TTFLY6PZ0FC9OB90 | Long             | EC               | RF                | US        |   6509693 | NS      | $65096933.47  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                         | SOUTHEAST EN AL 5% 11/1/2029                                                              | CUSIP: 84136HAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052399.80   | 0.03%             | 2029-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HEALTH and EDL FACS                                                           | MO HEFA REV 5% 2/1/2027                                                                   | CUSIP: 60635H4E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $987839.46    | 0.03%             | 2027-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2026 @                                                            | CUSIP: 592647EZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $331410.76    | 0.01%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                           | PA ST 5% 7/15/2026                                                                        | CUSIP: 70914PP97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1689135.20   | 0.05%             | 2026-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5% 7/1/2026                                                                | CUSIP: 09182TDN4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1775055.63   | 0.05%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST HLTH and ED FAC                                                          | MA HEFA 0.7% MT                                                                           | CUSIP: 57586ER52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    296000 | PA      | $294960.95    | 0.01%             | 2033-07-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 11/1/2026                                                                        | CUSIP: 452152Q61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1797613.51   | 0.05%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPT BD BK                                                       | INDIANAPOL 5% 1/1/2026@                                                                   | CUSIP: 45528UD65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010233.00   | 0.03%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 12/1/2026                                                              | CUSIP: 56035DFN7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    620000 | PA      | $632802.63    | 0.02%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MOBILE AL IDB POLLUTN CTL REV                                                             | MOBILE AL IDB 3.78% MT                                                                    | CUSIP: 607167DW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $740312.43    | 0.02%             | 2034-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                                  | NY TRANS CORP 5% 1/1/2027 @                                                               | CUSIP: 650116CF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5060913.50   | 0.15%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2029 @                                                            | CUSIP: 392274Q25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511144.75    | 0.01%             | 2029-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| EAST ALLEN CNTY SCHS IND                                                                  | EAST ALLEN SCH 5% 7/15/2025                                                               | CUSIP: 270443GQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1447840.00   | 0.04%             | 2025-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| READING PA SCH DIST                                                                       | READING PA SD 5% 3/1/2028                                                                 | CUSIP: 755638YZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5164.40      | 0.00%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | BALTIMORE MD OAK CREST VLG BC22-032 BC/BC D42                                             | CUSIP: 76252PVZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600000.00   | 0.05%             | 2050-01-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH HEALTH SYS REV                                                           | IN FIN HSR 2.25% 12/1/2058                                                                | CUSIP: 45470YEX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2496167.50   | 0.07%             | 2058-12-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA GAS WKS REV                                                               | PHIL PA GAS 5% 8/1/2025                                                                   | CUSIP: 7178237H5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $421135.85    | 0.01%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | BLACK BELT AL ENERGY 2022-XF3073-NUV Q=MO D7                                              | CUSIP: 88035EPR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6800000 | PA      | $6800000.00   | 0.20%             | 2053-02-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC and GAS REV                                                           | SAN ANTONIO E and G 2% MT                                                                 | CUSIP: 79625GEY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1476909.30   | 0.04%             | 2049-02-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | VA NATL SENIOR CAMPUS BC22-028 BC/BC DR42                                                 | CUSIP: 76252PVB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3600000.00   | 0.11%             | 2045-01-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MEADE CNTY KY INDL BLDG REV                                                               | KY NUCOR 20A1 V1@                                                                         | CUSIP: 583022AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6820000 | PA      | $6820000.00   | 0.20%             | 2060-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HIGHLANDS CNTY FL HLTH FACS AU                                                            | HIGHLANDS FL 2012I 5 V7                                                                   | CUSIP: 431022TR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100000.00   | 0.03%             | 2035-11-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NEW YORK NY ARS-FISCAL 2008-SUBSER-A-2 AGM                                                | CUSIP: 64966GMR0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.04%             | 2026-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PURDUE UNIV, IN                                                                           | UNIV PURDUE IN 5% 7/1/2025                                                                | CUSIP: 746189D89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1652465.60   | 0.05%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 5% 2/1/2027                                                               | CUSIP: 74440DEQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $372759.13    | 0.01%             | 2027-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                       | MIAMI-DADE MFH 3.55% MT                                                                   | CUSIP: 593344BT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1691388.17   | 0.05%             | 2027-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| KING CNTY WASH HSG AUTH AFFORDABLE HSG REV                                                | KING CNTY WH 5% 1/1/2028                                                                  | CUSIP: 49477AAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $66599.66     | 0.00%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HEALTH and EDL BLDG CORP HIGHER ED FAC REV                                   | RI HLTH and EDL 5% 6/1/2029                                                               | CUSIP: 762197S85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $374055.15    | 0.01%             | 2029-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KING CNTY WASH HSG AUTH AFFORDABLE HSG REV                                                | KING CNTY WH 5% 1/1/2028                                                                  | CUSIP: 49477AAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $121100.87    | 0.00%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GRETNA NEB CTFS PARTN                                                                     | GRETNA NEB CTFS 5% 12/15/2025                                                             | CUSIP: 397806AG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4004140.40   | 0.12%             | 2025-12-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HBR SYS REV                                                                     | HI ST HBR 5% 7/1/2025 @                                                                   | CUSIP: 41981TGV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350403.20    | 0.01%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY MD HSG OPPTYS COMMN MULTIFAMILY HSG DEV REV SER A                         | MONTGOMERY CNY .80% 7/1/2025                                                              | CUSIP: 613347QR7<br>LEI: 549300HDL0LLRHMDL092 | Long             | DBT              | MUN               | US        |    105000 | PA      | $104675.18    | 0.00%             | 2025-07-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL TRAN AUTH CAP GRNT RCPTS REV                                                   | CTA TRNST GARVE 5% 6/1/2026                                                               | CUSIP: 167723GP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2030931.20   | 0.06%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN JOAQUIN VALLEY CLEAN ENERGY AUTHORITY                                                 | SAN JOAQUIN VAL 5% 7/1/2029                                                               | CUSIP: 79811YAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1170781.09   | 0.03%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST                                                                             | NJ ST 4% 6/1/2031                                                                         | CUSIP: 646039YQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1895000 | PA      | $1988810.65   | 0.06%             | 2031-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 4% 12/1/2026                                                              | CUSIP: 56035DCW0<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2213630.98   | 0.06%             | 2026-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REV                                                                 | JEFF AL W+S 5% 10/1/2026                                                                  | CUSIP: 472682YV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $455371.35    | 0.01%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT ATH REV                                                            | ALLEG PA ARPT 5% 1/1/2027 @                                                               | CUSIP: 01728LGL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $695880.31    | 0.02%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC NY 5% 8/1/2026                                                                        | CUSIP: 64966MPD5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    565000 | PA      | $578935.95    | 0.02%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA WTR and WASTEWTR REV                                                           | ATL WTR(ATLWWA)24A2 L=TD TECP                                                             | CUSIP: 04787YAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100039.71   | 0.03%             | 2025-06-03      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PTY and BLDGS COMMN                                                           | KY ST PROP 5% 8/1/2025                                                                    | CUSIP: 49151FHH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300792.48    | 0.01%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT PORTLAND OR ARPT REV                                                                 | PORTLND OR ARPT 5% 7/1/2028 @                                                             | CUSIP: 7352404M2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $751284.36    | 0.02%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 5/1/2026                                                                         | CUSIP: 452153JH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1523571.60   | 0.04%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC ARPT REV                                                                     | CHARLOTTE NC AP 5% 7/1/2028 @                                                             | CUSIP: 161036VT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $417023.68    | 0.01%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORPMULTIFAMILY HSG REV                                         | NY NY CITY HS 3.8% 11/1/2063 MT                                                           | CUSIP: 64972KBF1<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    115000 | PA      | $116239.34    | 0.00%             | 2063-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LINCOLN CNTY WYO ENVIRONMENTAL IMPT REV                                                   | WY PACIFICORP-BRK LIN 95 V7@                                                              | CUSIP: 533477AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7200000 | PA      | $7200000.00   | 0.21%             | 2025-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PIB IMPTBD BK LO INCOME TAX REV                                      | INDIANAPOLIS IR 5% 1/15/2030                                                              | CUSIP: 45527CDK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $188932.01    | 0.01%             | 2030-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BULLHEAD CITY ARIZ EXCISE TAXES REV                                                       | BULLHEAD CITY .75% 7/1/2025                                                               | CUSIP: 12022MAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $323980.02    | 0.01%             | 2025-07-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| HERTFORD CNTY NC INDL FACS and POLLUTN CTL FING AUTH INDL DEV REV                         | NC NUCOR 00 V7@                                                                           | CUSIP: 428007AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9100000 | PA      | $9100000.00   | 0.27%             | 2033-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WEST HAVEN CT                                                                             | W HAVEN CT 4% 9/15/2026                                                                   | CUSIP: 953140U40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $257320.02    | 0.01%             | 2026-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REV                                                                   | IN FIN REV 5% 9/1/26                                                                      | CUSIP: 45506DZZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $209382.92    | 0.01%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACS FNG AUTH REV                                                       | CALIFORNIA HLTH 2% 10/1/2036                                                              | CUSIP: 13032UGP7<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1241734.25   | 0.04%             | 2036-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| JEWETT ECONOMIC DEV CORP TEX I                                                            | TX NUCOR 03 V7@                                                                           | CUSIP: 477349AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1025000.00   | 0.03%             | 2038-08-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CO NY                                                                          | WASHINGTON CNTY NY 3/20/26 BAN                                                            | CUSIP: 938123HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2314729.20   | 0.07%             | 2026-03-20      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GEISINGER AUTH PA HLTH SYS REV                                                            | GEISINGER PA 5% 4/1/2043 MT                                                               | CUSIP: 368497JX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4975000 | PA      | $5068315.08   | 0.15%             | 2043-04-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG                                                              | CT SPEC TAX 5% 7/1/2028                                                                   | CUSIP: 207758T52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $643252.88    | 0.02%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH REV                                                                     | IL FIN 5% 11/15/2026                                                                      | CUSIP: 45203H4U3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $95620.23     | 0.00%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2026 @                                                                | CUSIP: 5444453E7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3310000 | PA      | $3353932.64   | 0.10%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW MT@                                                                            | CUSIP: 708692BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7400000 | PA      | $7399970.40   | 0.22%             | 2044-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | OMAHA NE ARPT 2024-XG0593-MST E-AGC/Q=BA D7@                                              | CUSIP: 88035JY22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3030000 | PA      | $3030000.00   | 0.09%             | 2049-12-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5% 11/15/2025 @                                                            | CUSIP: 249182QA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1495817.33   | 0.04%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                            | CHICAGO OHARE 5% 1/1/2026@                                                                | CUSIP: 167593Z21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $908638.83    | 0.03%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BROOKHAVEN GA DEV AUTH REV                                                                | BROOKHAVEN GA D SER A 5% 7/1/2025                                                         | CUSIP: 113073AF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100143.68    | 0.00%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST ED ASSISTANCE AUTH REV                                                  | NC ED ASSIST 5% 6/1/2026                                                                  | CUSIP: 658262GK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014177.10   | 0.03%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 1/1/2027                                                                       | CUSIP: 62620HKB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $432225.86    | 0.01%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 0% 10/1/2052                                                               | CUSIP: 09182TAM9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  11350000 | PA      | $11338646.60  | 0.33%             | 2052-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NEW YORK NY VAR-SUBSER C-4 FSA                                                            | CUSIP: 64966GBC5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    225000 | PA      | $225000.00    | 0.01%             | 2032-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 9/15/25@                                                                    | CUSIP: 73358WR55<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2083187.74   | 0.06%             | 2025-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DEWEY CNTY OKLA EDL FACS AUTHEDL FACS LEASE REV                                           | DEWEY CNTY OKLA 5% 9/1/2026                                                               | CUSIP: 252020AJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1257376.23   | 0.04%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA HSG DEV AUTH                                                                 | SD HDA 6.25% 5/1/2055                                                                     | CUSIP: 83756C6Z3<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107849.51    | 0.00%             | 2055-05-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| VOLUSIA CNTY FL EDL FAC ATH RV                                                            | VOLUSIA CNTY FL 5% 10/15/2027                                                             | CUSIP: 928836MX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $171255.25    | 0.01%             | 2027-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MEMPHIS-SHELBY CNTY TN ARPT AU                                                            | MEMPH-SHELBY TN 1.875% 7/1/2025 @                                                         | CUSIP: 586111PT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $673341.39    | 0.02%             | 2025-07-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MICH ARPT AUTH REV                                                             | WAYNE CO MI AAR 5% 12/1/2026@                                                             | CUSIP: 944514TC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $465442.31    | 0.01%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                       | ILLINOIS FN RV 5% 7/1/2029                                                                | CUSIP: 45204FG74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2139925.40   | 0.06%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MCINTOSH CNTY OK EDL FACS AUTH EDL FACS LEASE REV                                         | MCINTOSH CY OK 2% 9/1/2025                                                                | CUSIP: 581191AN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $646419.67    | 0.02%             | 2025-09-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | CA ST MFH KENSINGTON APTS 2022-MIZ9113 MZ/MZ D35                                          | CUSIP: 60700HPB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600000.00   | 0.05%             | 2052-11-01      | Variable      | 0.02%                 | Yes           |                  2 | On Loan: No      |
| MICHIGAN ST BLDG AUTH REV                                                                 | MI BLDG 2.33% 4/15/2058                                                                   | CUSIP: 594615KQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.29%             | 2058-04-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL DEV REVS                                                    | PA THO JFFRSN U 17B RFLOAT7                                                               | CUSIP: 71781XCR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7895000 | PA      | $7895000.00   | 0.23%             | 2050-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA CAP FAC FIN AGY REV                                                        | NC CAP FACS FA 5% 10/1/2055                                                               | CUSIP: 65819GKX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9750000 | PA      | $9816475.50   | 0.29%             | 2055-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | GTR ORLANDO ARPT 2025-ZF1930-BLK Q=JP D7@                                                 | CUSIP: 88035PMC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1300000.00   | 0.04%             | 2051-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NY PAYROLL MOBILITY TX                                                                    | TRIBOROUGH BRID 2% MT                                                                     | CUSIP: 89602HAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $426026.75    | 0.01%             | 2045-05-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                              | COLORADO HEALTH 5% 11/1/2026                                                              | CUSIP: 19648FWA8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    400000 | PA      | $409362.84    | 0.01%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| IOWA STUDENT LN LIQUIDITY CORP                                                            | IOWASTUD LIQUID 5% 12/1/2025 @                                                            | CUSIP: 462590MM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $992774.41    | 0.03%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RACINE WI UNI SCH DIST                                                                    | RACINE WI USD 5% 4/1/2029                                                                 | CUSIP: 750046SX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $267693.95    | 0.01%             | 2029-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SUFFOLK CNTY NY                                                                           | SUFFOLK CNTY NY 5% 6/15/2025                                                              | CUSIP: 86476PK98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $295213.58    | 0.01%             | 2025-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REV                                                                 | IL SALES TAX 5% 6/15/2025                                                                 | CUSIP: 452227RZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50032.73     | 0.00%             | 2025-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 7/1/2026                                                                       | CUSIP: 62620HFV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $306369.96    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 12/1/2025                                                              | CUSIP: 56035DFM9<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1560317.73   | 0.05%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL AVIATION                                                             | HILLSB FL AVIAT 5% 10/1/2025 @                                                            | CUSIP: 432308M50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1251646.81   | 0.04%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JACKSON CNTY MO SPL OBLIG                                                                 | JACKSON CO MO 5% 12/1/2028                                                                | CUSIP: 467578LE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063604.50   | 0.03%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE TX INDPT SCH DIST                                                               | NTHSIDE TX ISD 3.55% MT                                                                   | CUSIP: 66702RR79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7325000 | PA      | $7344302.11   | 0.21%             | 2050-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DUVAL CNTY FLA SCH BRD CTFS PT                                                            | DUVAL FL SD COP 5% 7/1/2025                                                               | CUSIP: 267169GY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5715000 | PA      | $5722559.23   | 0.17%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NY MTA DEDICATED TAX FUND                                                                 | NY MTA DED 3% 11/15/2030                                                                  | CUSIP: 59259N6F5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $414109.72    | 0.01%             | 2030-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WICHITA KS                                                                                | WICHITA CITY KS SER 318 10/15/25 BAN                                                      | CUSIP: 967245J36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5015605.00   | 0.15%             | 2025-10-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H        | MINNESOTA ST HI 5% MT                                                                     | CUSIP: 60416JJB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027189.80   | 0.03%             | 2053-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC and GAS REV                                                           | SAN ANTONIO E and G 3.65% MT                                                              | CUSIP: 79625GHJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3987324.80   | 0.12%             | 2053-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | WESTERN MI UNIV 2025-YX1397-MLN E-AGC/Q=BC D7                                             | CUSIP: 88035PBT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4440000 | PA      | $4440000.00   | 0.13%             | 2054-11-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FD LTD OBLIG REV                                                    | MI STRAT FND 3.35% MT@                                                                    | CUSIP: 594698TK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3465000 | PA      | $3391194.81   | 0.10%             | 2049-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HSG and MTG FIN CP                                                           | RI HSG 5% 4/1/2028                                                                        | CUSIP: 76221RT86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $262908.55    | 0.01%             | 2028-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DALLAS FORT WORTH TX INTL ARPT                                                            | DFW ARPT 5% 11/1/2025                                                                     | CUSIP: 23503CCK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5035060.00   | 0.15%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5% 7/1/2027                                                                | CUSIP: 09182TDP9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1284889.63   | 0.04%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTH EAST INDPT SCH DIST TX                                                              | NE TX ISD 3% 8/1/2027                                                                     | CUSIP: 659155HJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $918181.07    | 0.03%             | 2027-08-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY MN                                                                             | UNIV MN(UMINNH)H Q=SELF TECP                                                              | CUSIP: 91447RBX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000069.90   | 0.09%             | 2025-06-02      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TX REV                                                                | LCRA TX 5% 5/15/2026                                                                      | CUSIP: 54811BUK5<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1272542.00   | 0.04%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                                                               | ND ST HSG FIN 6.25% 1/1/2054                                                              | CUSIP: 6589095M4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $75450.13     | 0.00%             | 2054-01-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 1/1/2030                                                                         | CUSIP: 452152A76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3021278.40   | 0.09%             | 2030-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                              | COLORADO HEALTH 0% 11/15/2049                                                             | CUSIP: 19648FXC3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    905000 | PA      | $924059.57    | 0.03%             | 2049-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2028 @                                                               | CUSIP: 646080XD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042802.50   | 0.03%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ED LN AUTH ED LN                                                            | MA ED LN AUTH 5% 7/1/2026@                                                                | CUSIP: 57563RPD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013786.60   | 0.03%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 5% 7/1/2025                                                               | CUSIP: 74440DEE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400378.36    | 0.01%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5% 11/15/2027 @                                                            | CUSIP: 249182UN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3035000 | PA      | $3143803.84   | 0.09%             | 2027-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KANE COOK DU PAGE CNTYS IL SD                                                             | KANE COOK DUPAG 5% 1/1/2027                                                               | CUSIP: 483836VQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515814.45    | 0.02%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2025 @                                                            | CUSIP: 592647LH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1758183.53   | 0.05%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 12/1/2028                                                              | CUSIP: 56035DFQ0<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1924843.42   | 0.06%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                            | SC PUB SVC 5% 12/1/2025                                                                   | CUSIP: 837151P37<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    360000 | PA      | $363173.00    | 0.01%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP                                         | RHODE ISLAND HE 5% 5/15/2029                                                              | CUSIP: 76219MAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $857522.56    | 0.03%             | 2029-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH HEALTH FAC REV                                                           | INDIANA FIN AUT 5% 3/1/2029                                                               | CUSIP: 45471CCX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $399703.04    | 0.01%             | 2029-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACS AUTH REV                                                 | WISCONSIN ST HT 5% 11/15/2028                                                             | CUSIP: 97712D3B0<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    285000 | PA      | $302758.26    | 0.01%             | 2028-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BRIDGEPORT CT                                                                             | BRIDGEPORT CT 5% 7/1/2028                                                                 | CUSIP: 108152MS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1323726.13   | 0.04%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                                               | PHIL PA AIRPORT 5% 7/1/2026 @                                                             | CUSIP: 717817TY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3360000 | PA      | $3420553.58   | 0.10%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY                                                                     | TN HDA SFM 3.50% 7/1/2045                                                                 | CUSIP: 88045RB76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $89757.68     | 0.00%             | 2045-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 12/1/2028                                                              | CUSIP: 56035DJR4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    750000 | PA      | $784346.40    | 0.02%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REV                                                                       | ATLANTA GA ARPT 5% 7/1/2025 @                                                             | CUSIP: 04780MXE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $610676.06    | 0.02%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MET AIRPORT COMMIS                                                            | MN MAC PORT REV 5% 1/1/2027 @                                                             | CUSIP: 603827J49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1614696.48   | 0.05%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| EAST HAMPTON NY UN FREE SH DIS                                                            | EAST HAMP NY SD 2.10% 6/1/2027                                                            | CUSIP: 272718GS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $327162.96    | 0.01%             | 2027-06-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| NORTHERN ARIZ UNIV CTFS PARTN                                                             | NORTHE AZ U COP 5% 9/1/2025                                                               | CUSIP: 664751DN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $864230.17    | 0.03%             | 2025-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALLEN CNTY OH HOSP FACS REV                                                               | ALLEN CNTY HOSP 5% 10/1/49 MT                                                             | CUSIP: 01757LGZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5146237.00   | 0.15%             | 2049-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CLEVELAND OH ARPT SYS REV                                                                 | CLEVELAND ARPT 5% 1/1/2027 @                                                              | CUSIP: 186352RN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2990000 | PA      | $3055197.25   | 0.09%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC ARPT REV                                                                     | CHARLOTTE NC AP 5% 7/1/2029 @                                                             | CUSIP: 161036VU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1210985.31   | 0.04%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FORT BEND TX INDPT SCH DIST                                                               | FT BEND TX ISD .875% MT                                                                   | CUSIP: 346843RY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3080000 | PA      | $3065964.44   | 0.09%             | 2050-08-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| PEFA INC IOWA GAS PROJ REV                                                                | PEFA INC IOWA G 5% 9/1/2049                                                               | CUSIP: 70556CAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7076589.80   | 0.21%             | 2049-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2031 @                                                            | CUSIP: 392274Q41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $638930.94    | 0.02%             | 2031-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KNOXVILLE TENN CMNTY DEV CORPMULTIFAMILY REV                                              | KNOXV TN 499743 0% 12/1/2029                                                              | CUSIP: 499743CX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3262000 | PA      | $3270900.37   | 0.10%             | 2029-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                            | CHICAGO OHARE 5% 1/1/2028 @                                                               | CUSIP: 1675935L2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5815000 | PA      | $6021768.03   | 0.18%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAHASKA CNTY IOWA                                                                         | MAHAS IA 559805 5% 12/1/2025                                                              | CUSIP: 559805DQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1631028.10   | 0.05%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ARPT SYS REV                                                               | SAN ANT TX ARPT 5% 7/1/2025 @                                                             | CUSIP: 796242TX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400433.48    | 0.01%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% MT                                                                     | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    480000 | PA      | $497720.78    | 0.01%             | 2053-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 5/1/2029                                                                         | CUSIP: 452153FT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1058199.47   | 0.03%             | 2029-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 9/1/2025                                                               | CUSIP: 56035DGE6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501477.55    | 0.01%             | 2025-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                                   | WA ST HLTH CAR 5% 7/1/2027                                                                | CUSIP: 93978HPU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1251197.13   | 0.04%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                       | ILLINOIS FN RV 5% MT                                                                      | CUSIP: 45204FEH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3038844.30   | 0.09%             | 2050-05-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV                                            | NC TPK TRIANGLE 5% 1/1/2026                                                               | CUSIP: 65830RBU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2875368.42   | 0.08%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE and ECONNOMIC DEV BK REV                                        | CALIFORNIA INFR 1.2% MT                                                                   | CUSIP: 13034AN30<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    395000 | PA      | $358206.58    | 0.01%             | 2050-12-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NEW JERSEY ST TRANSN TR FD AUTH CAP APPREC-TRANSN SYS-SER                                 | CUSIP: 646136XC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $348668.15    | 0.01%             | 2025-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD HSG SINGLE FAMILY MTG                                                      | MONTANA ST 3.50% 6/1/2050                                                                 | CUSIP: 61212WHY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $199061.90    | 0.01%             | 2050-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX FIN CORP MFHR                                                                 | HOUSTON TX MF 5% 8/1/2041                                                                 | CUSIP: 442396EL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $294285.07    | 0.01%             | 2041-08-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| FLAGLER CNTY FL SCH BRD CTFS PARTN                                                        | FLAGLER CNTY FL 5% 8/1/2029                                                               | CUSIP: 33840MDE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2139391.20   | 0.06%             | 2029-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BUTLER CNTY OH HOSP FACS REV                                                              | BUTLER OH HSP 5% 11/15/2025                                                               | CUSIP: 123550HJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503659.40   | 0.04%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW 8/1/45 MT@                                                                     | CUSIP: 708692BG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11005079.80  | 0.32%             | 2045-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| JOHNSON CITY TN HEALTH  and EDL                                                           | JOHNSON TN HOSP 5% 7/1/2025                                                               | CUSIP: 478271KG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1251334.00   | 0.04%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PROVIDENCE R I PUB BLDGS AUTHREV                                                          | PROVI RI 5% 9/15/2027                                                                     | CUSIP: 74381MCU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040210.20   | 0.03%             | 2027-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DEPT HSG and CMNTY DEV                                        | MARYLAND ST CMN 4% 9/1/2049                                                               | CUSIP: 57419R7Y5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110159.83    | 0.00%             | 2049-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| OK DEV FIN AUTH HEALTH SYS REV                                                            | OK INTEGRIS HLTH 20B V7                                                                   | CUSIP: 67884XCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6465000 | PA      | $6465000.00   | 0.19%             | 2031-08-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | MIAMI DADE FL ARPT 2025-ZF1934-BLK Q=JP D7@                                               | CUSIP: 88035PPB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1360000.00   | 0.04%             | 2050-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 12/1/2027                                                              | CUSIP: 56035DJP8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035982.90   | 0.03%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 4% 2/1/2050 MT                                                            | CUSIP: 74440DCM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4994691.00   | 0.15%             | 2050-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| FORT BEND COUNTY TX                                                                       | FORT BEND TX 5% 3/1/2029                                                                  | CUSIP: 346766SL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3455000 | PA      | $3459109.38   | 0.10%             | 2029-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MET AIRPORT COMMIS                                                            | MN MAC PORT REV 5% 1/1/2026 @                                                             | CUSIP: 603827J31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $474809.51    | 0.01%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                                   | NYS_HFA 3.375% MT                                                                         | CUSIP: 64987JQ38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7285000 | PA      | $7286752.04   | 0.21%             | 2063-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SCAGO EDL FACS CORP FOR COLLETON SCH DIST SC INSTALLMENT PUR REV                          | SCAGO COLLETON 5% 12/1/2026                                                               | CUSIP: 80585PBN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25030.63     | 0.00%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                                  | WISCONSIN ST H 4% 9/15/2026                                                               | CUSIP: 97712JBZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $218556.05    | 0.01%             | 2026-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BROWARD CTY FL HSG AUT HSG REV                                                            | BROWARD HSG 4.05% 9/1/2056 MT                                                             | CUSIP: 115027RA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004975.80   | 0.03%             | 2056-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                         | SOUTHEAST EN AL 5% 11/1/2027                                                              | CUSIP: 84136HAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $924297.11    | 0.03%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHERN IL UNIV REVS                                                                     | N IL UNIV 5% 4/1/2026                                                                     | CUSIP: 665245YC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $657472.60    | 0.02%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL                                                                              | COOK CY IL 4% 11/15/2026                                                                  | CUSIP: 213185MD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4370000 | PA      | $4426287.79   | 0.13%             | 2026-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BOERNE TX ISD                                                                             | BOERNE TX ISD 0% 2/1/2053                                                                 | CUSIP: 097067NL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6835000 | PA      | $6807378.40   | 0.20%             | 2053-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MINNESOTA MUN GAS AGY COMMODITY SUPPLY REV                                                | MINNESOTA MUN G 4% 12/1/2052 MT                                                           | CUSIP: 60406UAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1722990.55   | 0.05%             | 2052-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| METRO NASHVLL ARPT TN                                                                     | MET NASH AIR TN 5% 7/1/2026 @                                                             | CUSIP: 592190QF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $610813.14    | 0.02%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CITY HSG DEV CORPMULTIFAMILY HSG REV                                                      | CITY HSG DEV CO 0.9% MT                                                                   | CUSIP: 64972EK32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1787896.66   | 0.05%             | 2060-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 5/1/2027                                                                         | CUSIP: 452153JJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2920000 | PA      | $3009932.50   | 0.09%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VOLUSIA CNTY FL EDL FAC ATH RV                                                            | VOLUSIA CNTY FL 5% 10/15/2026                                                             | CUSIP: 928836MW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $766770.75    | 0.02%             | 2026-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KINGFISHER CNTY OKLA INDPT SCHDIST NO 89 CASHION                                          | KINGF OK 49570P 5% 5/1/2027                                                               | CUSIP: 49570PDL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2212218.60   | 0.06%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                                | SLT LAKE U 5% 7/1/2026 @                                                                  | CUSIP: 795576LH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2390000 | PA      | $2428484.50   | 0.07%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TEXAS MUNICIPAL GAS ACQUISITION and SUPPLY CORP V                                         | TEXAS MUNICIPAL 5% 1/1/2027                                                               | CUSIP: 88256RAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511848.75    | 0.01%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                            | PORT PORT ARTHUR TEX NAV DIST MOTIVA ENTERPRISES-C                                        | CUSIP: 735220AV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1900000.00   | 0.06%             | 2040-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO MTG FIN AUTH MF HSG REV                                                        | NM MTG FIN AUTH 5% 2/1/2042 MT                                                            | CUSIP: 64719HEM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.15%             | 2042-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL                                            | LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL V7                                         | CUSIP: 52350LAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9800000 | PA      | $9800000.00   | 0.29%             | 2049-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TX ST DEPT HSG and CMNTY AFFRS MTG                                                        | TX R-MRB 6% 1/1/2054                                                                      | CUSIP: 882750VB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $688236.05    | 0.02%             | 2054-01-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| IOWA FIN AUTH SLD DISP WST REV                                                            | IA MIDAMERICAN - BRK 08A V7@                                                              | CUSIP: 46245EAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $650000.00    | 0.02%             | 2038-07-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NORTHERN CALIFORNIA ENERGY AUTHORITY                                                      | NORTHERN CALIFO 5% 8/1/2026                                                               | CUSIP: 664840AF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $457109.87    | 0.01%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | ARIZONA IND DEV AUTH MF HSG 2023-MIZ9149 MZ/MZ D35                                        | CUSIP: 60700HTK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3396000 | PA      | $3396000.00   | 0.10%             | 2040-07-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV                                            | NC TPK TRIANGLE 5% 1/1/2027                                                               | CUSIP: 65830RBV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2460000 | PA      | $2523899.73   | 0.07%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HLTH and HI ED FACS                                                           | MD HEFA 5% 7/1/25                                                                         | CUSIP: 574218XN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40049.92     | 0.00%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 5/1/2028                                                                         | CUSIP: 452153JK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $651533.50    | 0.02%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MC KINNEY TEX                                                                             | MC KINNEY TE 5% 8/15/2028                                                                 | CUSIP: 58178CHA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $371100.98    | 0.01%             | 2028-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METRO NASHVLL ARPT TN                                                                     | MET NASH AIR TN 5% 7/1/2025 @                                                             | CUSIP: 592190NQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1910000 | PA      | $1911803.23   | 0.06%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RURAL WTR FING AGY KY PUB PROJS REV                                                       | RURAL WTR FING 3.70% 5/1/2027                                                             | CUSIP: 781741AV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5007403.00   | 0.15%             | 2027-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| OREGON ST FACS AUTH REV                                                                   | OR ST FACS 5% 10/1/2029                                                                   | CUSIP: 68608JVZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009348.10   | 0.03%             | 2029-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                            | CT ST 3.375% 6/15/2029                                                                    | CUSIP: 20772JD41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150068.25    | 0.00%             | 2029-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA HSG FIN MULT                                                            | DISTRICT COLUMBIA HSG FIN MULT 3.05% 09/01/2041 MT                                        | CUSIP: 25477PQD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4994979.50   | 0.15%             | 2041-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REV                                                                 | JEFF AL W+S 5% 10/1/2027                                                                  | CUSIP: 472682YW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $426381.43    | 0.01%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ED LN AUTH ED LN                                                            | MA ED LN AUTH 5% 7/1/2025@                                                                | CUSIP: 57563RPC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $690698.63    | 0.02%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ECON DEV FIN AUTH                                                                | KENTUCKY ECON DEV FIN AUTH VAR-CATHOLIC HEALTH-SER C                                      | CUSIP: 49126PCJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4280000 | PA      | $4280000.00   | 0.13%             | 2034-05-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MANHATTAN KS                                                                              | MANHATAN KS 5% 6/15/2028                                                                  | CUSIP: 562895XA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6093559.80   | 0.18%             | 2028-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ED LN AUTH ED LN                                                            | MA ED LN AUTH 5% 7/1/2025 @                                                               | CUSIP: 57563RSW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $585741.20    | 0.02%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SALEM OR HOSP FAC AUTH REV                                                                | SALEM OR OHC 5% 5/15/2026                                                                 | CUSIP: 794458GB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $135975.44    | 0.00%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BREVARD CNTY FL HEALTH FAC                                                                | BREVARD CNTY FL 5% 4/1/2028 Q                                                             | CUSIP: 107416QT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $340876.38    | 0.01%             | 2028-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                                | DETROIT MI 5% 5/1/2027                                                                    | CUSIP: 2510936H8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1223220.28   | 0.04%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FIN CORP NJ                                                            | NJ TOBACCO 5% 06/01/26                                                                    | CUSIP: 888808HB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3839631.72   | 0.11%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETLEMENT FING CORP RI                                                            | RI TOBACCO 5% 6/1/2027                                                                    | CUSIP: 888809AZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20016.53     | 0.00%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                                   | NYS HFA J-2 1.1% MT                                                                       | CUSIP: 64987JRC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $927771.78    | 0.03%             | 2061-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| KING CNTY WASH HSG AUTH HSG RE                                                            | KING CNTY WA MF 3% 12/1/2025                                                              | CUSIP: 494759RQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $822954.25    | 0.02%             | 2025-12-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                                                                               | MD ST 4% 3/15/2030                                                                        | CUSIP: 574193NM6<br>LEI: 1KB5EZVJRET62OYIKM77 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3040964.10   | 0.09%             | 2030-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| COMMUNITY ROOTS HOUSING FOUNDATION                                                        | COMMUNITY ROOTS HOUSING FOUNDATION 3.4% MT                                                | CUSIP: 20403EAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5165000 | PA      | $5182053.80   | 0.15%             | 2029-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TEXAS STATE                                                                               | TX ST 5% 8/1/2026 AMT                                                                     | CUSIP: 882723F53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7875000 | PA      | $7900044.86   | 0.23%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI BUS FIN CORP MS SW                                                            | MISS BUS FIN WASTE MNGMT INC PROJ *******AMT******@                                       | CUSIP: 60527MAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5003082.50   | 0.15%             | 2027-03-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ST PAUL MN HSG and REDEV WUTH HOSP                                                        | ST PAUL MN HOSP 5% 11/15/27 PRE                                                           | CUSIP: 792888KK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $403067.92    | 0.01%             | 2027-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JACKSON CNTY FACS AUTH SLS TAX                                                            | JACKSN OK SLS 3% 10/1/2025                                                                | CUSIP: 466601BN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $727885.70    | 0.02%             | 2025-10-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TX REV                                                                | LCRA TX 5% 5/15/2026                                                                      | CUSIP: 54811BXZ9<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    700000 | PA      | $712623.52    | 0.02%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                            | CHIC IL OHARE SER D 5% 1/1/27@                                                            | CUSIP: 167593E32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $87116.90     | 0.00%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| APPLETON WIS REDEV AUTH REDEV REV                                                         | WI FOX CITY PRF ART01B L=AB V7                                                            | CUSIP: 038127AW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.29%             | 2036-06-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUN PWR REV                                                                      | AMERICAN MUN OH 5% 2/15/2028                                                              | CUSIP: 02765UTA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $502046.11    | 0.01%             | 2028-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 5/1/2026                                                                         | CUSIP: 452153FQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1523571.60   | 0.04%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FRESNO CALIF ARPT REV                                                                     | FRESNO CA ARPT 5% 7/1/2025 @                                                              | CUSIP: 358100EV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500558.25    | 0.01%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CLEAR CREEK TEX INDPT SCH DISTFOR ISSUES DATED PRIOR TO 04/02/2015 SEE 184540             | CLEAR CREEK TEX 3.60% G=PSF 2/15/35 MT                                                    | CUSIP: 184541CR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5785000 | PA      | $5787464.99   | 0.17%             | 2035-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA UNI SCH DIST CP                                                            | LA CA USD COP 5% 10/1/2026                                                                | CUSIP: 544648XC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1629934.75   | 0.05%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST MTG AGY HOMEOWNERMTG REV                                                      | NEW YORK ST MTG 3.65% 10/1/2025 @                                                         | CUSIP: 64988YSM0<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |    535000 | PA      | $535267.55    | 0.02%             | 2025-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BROWARD CO FL ARPT                                                                        | BROW CO FL ARPT 5% 10/1/2025 @                                                            | CUSIP: 114894XE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005604.10   | 0.03%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MD STADIUM AUTH BUILT LEARN                                                               | MARYLAND ST STA 5% 6/1/2027                                                               | CUSIP: 574294AE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $520318.70    | 0.02%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC and GAS REV                                                           | SAN ANTONIO E and G SIFMA+87 MT                                                           | CUSIP: 79625GFV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4065000 | PA      | $4064569.92   | 0.12%             | 2048-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST INDS AUTH EDL FACSLEASE REV                                                   | OKLAHOMA ST IND 5% 4/1/2027                                                               | CUSIP: 67910FAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3230000 | PA      | $3342109.42   | 0.10%             | 2027-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NEW JERSEY TRAN 5% 6/15/2025 Q                                                            | CUSIP: 64613CAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $155094.60    | 0.00%             | 2025-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LINCOLN NEB MULTIFAMILY HSG REV                                                           | LINCOLN NEB MUL 3.37% MT                                                                  | CUSIP: 534307AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2260000 | PA      | $2260744.22   | 0.07%             | 2048-01-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HSG FIN AGY SINGLE FAMILY MTG REV                                                | OK HSG FIN AGY 6.50% 9/1/2054                                                             | CUSIP: 67886MD55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $60862.19     | 0.00%             | 2054-09-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CA PUB PWR AUTH PROJ                                                             | SCAPPA SOFT PUTS 0.65% MT                                                                 | CUSIP: 842475P33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249481.95    | 0.01%             | 2040-07-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST HSG DEV AUTH HOMEOWNERSHIP MTG REV                                            | VA ST HSG DEV 3.625% MT                                                                   | CUSIP: 92812XFJ6<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   4725000 | PA      | $4724033.74   | 0.14%             | 2055-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MOBILE AL IDB POLLUTN CTL REV                                                             | MOBILE AL IDB 1% 6/1/2034                                                                 | CUSIP: 607167DZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $598844.04    | 0.02%             | 2034-06-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA DEV AUTH PCR                                                               | MONROE GA PCR 3.35% 11/1/2048                                                             | CUSIP: 610530FZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $598928.74    | 0.02%             | 2048-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                       | ILLINOIS FN RV 5% 10/1/2025                                                               | CUSIP: 45204FGS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2012004.40   | 0.06%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WHITING IND ENVIRONMENTAL FACS                                                            | WHITING IN ENV 5% MT@                                                                     | CUSIP: 96634RAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24500000 | PA      | $24714438.70  | 0.72%             | 2044-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| FORT BEND CNTY TEX MUN UTIL DIST NO 182                                                   | FORT BEND TEXA 5.25% 9/1/2026                                                             | CUSIP: 34682BHN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1029102.21   | 0.03%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 0% MT                                                                      | CUSIP: 09182TAN7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2296480.63   | 0.07%             | 2052-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ENGY ACQ CRP GAS REV                                                            | TENN ENERGY ACQ 4% MT                                                                     | CUSIP: 880443JE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3501577.10   | 0.10%             | 2049-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY OHIO                                                                           | MONTGOMERY OH 4.50% 6/10/2025 BAN                                                         | CUSIP: 614070KW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000431.00   | 0.06%             | 2025-06-10      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW 4.6% 10/1/2046 MT @                                                            | CUSIP: 708692BZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9005000 | PA      | $9062701.34   | 0.27%             | 2046-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MONROE OH LOC SCH DIST                                                                    | MONROE OH LSD 12/3/25 BAN                                                                 | CUSIP: 611237CX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003686.40   | 0.06%             | 2025-12-03      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2027 @                                                                | CUSIP: 544445XQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $452196.27    | 0.01%             | 2027-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISE CNTY TEX LEASE REV                                                                   | WISE CNTY TEX L 5% 8/15/2027                                                              | CUSIP: 977195AX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022108.90   | 0.03%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TAMPA FL HOSP REV                                                                         | TAMPA FL HOSP 5% 7/1/2026                                                                 | CUSIP: 875161CM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $177873.82    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WEST CONTRA COSTA CALIF UNI SCH DIST                                                      | WEST CONTRA USD 0% FGIC/NATL 8/1/2025                                                     | CUSIP: 952347QE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $258596.26    | 0.01%             | 2025-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                           | PA ST 3.2% 3/1/2029                                                                       | CUSIP: 70914PL91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $635494.78    | 0.02%             | 2029-03-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SMHA FIN PUB FAC CORP TEX MULTIFAMILY HSG REV                                             | SAN MARCOS 3.7% MT                                                                        | CUSIP: 78454QAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3695000 | PA      | $3729134.78   | 0.11%             | 2028-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HSG FIN AGY COLLATERALIZED REV                                                   | OKLAH OK 67886U 3.35% MT                                                                  | CUSIP: 67886UAR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2280000 | PA      | $2282521.45   | 0.07%             | 2027-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DEPT HSG and CMNTY DEV                                        | MARYLAND ST CMN 3.40% 8/1/2025                                                            | CUSIP: 57419TW80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9015000 | PA      | $9014937.80   | 0.26%             | 2025-08-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REV                                                                       | ATLANTA GA ARPT 5% 7/1/2026 @                                                             | CUSIP: 04780MR84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2291029.88   | 0.07%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TACOMA WA ELEC SYS REV                                                                    | TACOMA WA ELEC 5% 1/1/2026                                                                | CUSIP: 873519PC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35413.85     | 0.00%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 12/1/2025 @                                                                 | CUSIP: 73358XJT0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   8525000 | PA      | $8586688.61   | 0.25%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RURAL WTR FING AGY KY PUB PROJS REV                                                       | RURAL WTR FING 3.90% 11/1/2025                                                            | CUSIP: 781741AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500976.00   | 0.07%             | 2025-11-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH MULTIFAMILY HSG REV                                              | ARIZONA ST INDL 5% MT                                                                     | CUSIP: 04062PCC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3061915.20   | 0.09%             | 2058-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER and EXPOSITION AUTH ILL DEDICATED ST TAX REV                            | MET PIER and EXPO 0% I=NATL 12/15/2029                                                    | CUSIP: 592247J35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $480731.22    | 0.01%             | 2029-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL TRAN AUTH CAP GRNT RCPTS REV                                                   | CHICAGO IL TRNST 5% 6/1/26                                                                | CUSIP: 167723GY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2792530.40   | 0.08%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HEALTH FACS AUTH REV                                                       | ORANGE CNTY FL 0% 11/15/2052 PRE                                                          | CUSIP: 68450LGS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $272420.53    | 0.01%             | 2052-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ITHACA CITY NEW YORK                                                                      | ITHACA CITY NY 2/13/26 BAN                                                                | CUSIP: 465650U72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9400000 | PA      | $9429525.40   | 0.28%             | 2026-02-13      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST STUDENT LN                                                                | RI STUD LN 5% 12/01/25 @                                                                  | CUSIP: 762315QT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $861748.34    | 0.03%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAINE ST TPK AUTH TPK REV                                                                 | MAINE ST TPK 5% 7/1/2026                                                                  | CUSIP: 560551NX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250358.30    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JACKSON TN HOSP REV                                                                       | JACKSON TN HOSP 5% 4/1/2027                                                               | CUSIP: 46874TGS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5753704.73   | 0.17%             | 2027-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PROSPER TEX INDPT SCH DIST                                                                | PROSPER TX ISD 4% 2/15/2050 MT                                                            | CUSIP: 7436002V9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2917118.41   | 0.09%             | 2050-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HSG FIN AGY LTD OBLIG MULTIFAMILY HSG REV                                      | CA HSG FIN AGY 5% 5/1/2054                                                                | CUSIP: 13034DAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5090571.00   | 0.15%             | 2054-05-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 7/1/2025                                                                       | CUSIP: 62620HGS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $270376.84    | 0.01%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOWVILLE N Y                                                                              | LOWVI NY 548831 5.375% 8/21/2025                                                          | CUSIP: 548831ES1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1751450.40   | 0.05%             | 2025-08-21      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LYCOMING CNTY PA AUTH REVENUE                                                             | LYCOMING PA REV 1.85% 11/1/2035                                                           | CUSIP: 550809AJ6<br>LEI: 549300TCAO8EBJY0O782 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1999004.60   | 0.06%             | 2035-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CLEVELAND OH ARPT SYS REV                                                                 | CLEVELAND ARPT 5% 1/1/2027 @                                                              | CUSIP: 186352SZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $357631.79    | 0.01%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH HOSP REV                                                                 | IN FIN HOSP .70% MT                                                                       | CUSIP: 45471ATZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3680000 | PA      | $3598542.46   | 0.11%             | 2046-12-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| LUDINGTON MICH AREA SCH DIST                                                              | LUDIN MI 5% 11/1/2025                                                                     | CUSIP: 549637FL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1240461.77   | 0.04%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST MTG AGY HOMEOWNERMTG REV                                                      | NEW YORK ST MTG 3.70% 10/1/2025 @                                                         | CUSIP: 64988YZJ9<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |    610000 | PA      | $610404.13    | 0.02%             | 2025-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH REV                                                                     | IL NORTHWSTRN U(ILLFTE)24 TECP                                                            | CUSIP: 45203UAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3999996.80   | 0.12%             | 2025-09-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CLARK NV POLLUTN CTL REV                                                                  | CLARK CO NV PCR 3.75% MT                                                                  | CUSIP: 181008BE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2061718.10   | 0.06%             | 2036-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER and EXPOSITION AUTH ILL DEDICATED ST TAX REV                            | MET PIER and EXPO 5% 6/15/2029                                                            | CUSIP: 592250FW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1729320.92   | 0.05%             | 2029-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                                  | NY TRANS CORP 5% 1/1/2026 @                                                               | CUSIP: 650116CE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2510680.25   | 0.07%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ED LN AUTH ED LN                                                            | MA ED LN AUTH 5% 7/1/2025 @                                                               | CUSIP: 57563RSB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $820776.38    | 0.02%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TEX HOSP DIST                                                                 | HARRIS CY TEX 5% 2/15/2029                                                                | CUSIP: 41415UBH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2134733.80   | 0.06%             | 2029-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA MUN PWR AGY PWR SUPPLY                                                            | IN MUNI PWR 5% 1/1/2027                                                                   | CUSIP: 454898YD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4124774.00   | 0.12%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MEADE CNTY KY INDL BLDG REV                                                               | KY NUCOR 20B1 V1@                                                                         | CUSIP: 583022AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7000000.00   | 0.20%             | 2060-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| IOWA FIN AUTH SOLID WASTE FACSREV                                                         | IOWA FIN AUTH S 0% 1/1/2042 @                                                             | CUSIP: 46246YAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6986318.50   | 0.20%             | 2042-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| JOHNSON CITY TN HEALTH  and EDL                                                           | JOHNSON TN HOSP 5% 7/1/2026                                                               | CUSIP: 478271KH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $406781.92    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALLEG CNTY PA DEV AUTH                                                                    | ALLGNY CNTY HDA 5% 10/15/2025                                                             | CUSIP: 01728A5J1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $744125.80    | 0.02%             | 2025-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMN MULTIFAMILY HSG REV                                           | WA HFC MF 5% MT                                                                           | CUSIP: 93978PPU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    805000 | PA      | $818286.61    | 0.02%             | 2043-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| EL PASO TX WTR and SWR REV                                                                | EL PASO TX W and S 5% 3/1/2030                                                            | CUSIP: 283822PM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027730.30   | 0.03%             | 2030-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REV                                                                   | HOUSTON TX ARPT 5% 7/1/2026 @                                                             | CUSIP: 442349GB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2034976.20   | 0.06%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BINGHAMTON NY                                                                             | BINGHAMTON CITY NY 4/10/26 BAN                                                            | CUSIP: 0904912K6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9300000 | PA      | $9356749.53   | 0.27%             | 2026-04-10      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTH JERSEY TR AU NJ TR SY RV                                                            | S JERSEY TRANS 5% 11/1/2028                                                               | CUSIP: 838536NC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058900.90   | 0.03%             | 2028-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KILGORE TX INDPT SCH DIST                                                                 | KILGORE TX ISD 2% 2/15/2052                                                               | CUSIP: 494053LZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3987246.40   | 0.12%             | 2052-02-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2027 @                                                            | CUSIP: 592647FA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1640588.33   | 0.05%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NJ TRANSP 5% 12/15/2025                                                                   | CUSIP: 6461366B2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201973.20    | 0.01%             | 2025-12-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                       | ILLINOIS FN RV 5% MT                                                                      | CUSIP: 45204FTC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4770000 | PA      | $4773016.55   | 0.14%             | 2052-08-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BOX ELDER CNTY UTAH POLLUTION CTL REV                                                     | BOX ELDER CNTY UTAH POLLUTION CTL REV VAR-REF-NUCOR CORP PROJ                             | CUSIP: 103160AE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $260000.00    | 0.01%             | 2028-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CLIFTON TEX HIGHER ED FIN CORP ED REV                                                     | CLIFTON TEX HIG 5% 8/15/2026                                                              | CUSIP: 187145NN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $482579.67    | 0.01%             | 2026-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY MN                                                                             | UNIV MN(UMINNF)17F Q=SELF TECP                                                            | CUSIP: 91446GEN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000313.80   | 0.06%             | 2025-07-09      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                                | CHICAGO MIDWAY 5% 1/1/2027 @                                                              | CUSIP: 167562SY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1630272.63   | 0.05%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIKER HSG PARTNERS COLO MULTIFAMILY HSG REV                                              | MAIKER HSG PART 4.5% MT                                                                   | CUSIP: 56031AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1183019.02   | 0.03%             | 2042-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ED LN AUTH ED LN                                                            | MA ED LN AUTH 5% 7/1/2026 @                                                               | CUSIP: 57563RSX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $370808.14    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SWEETWATER CNTY WY ENV IMP REV                                                            | WY PACIFICORP-BRK SWE 95 V1@                                                              | CUSIP: 870481AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100000.00   | 0.03%             | 2025-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY SOUTH AL UNIV REV                                                              | UNIV SOUTH AL 4% 4/1/2026                                                                 | CUSIP: 914845TK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503945.10    | 0.01%             | 2026-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                                   | WA ST HLTH CAR 5% 8/15/2027                                                               | CUSIP: 93978HNW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501368.75   | 0.04%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                                                              | OH HI ED COM 1.625% MT                                                                    | CUSIP: 67756DVP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $585527.23    | 0.02%             | 2034-12-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| POSEY CNTY IND REDEV AUTH LEASE RENT REV                                                  | POSEY CNTY I 5% 7/15/2025                                                                 | CUSIP: 73734DAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3004257.00   | 0.09%             | 2025-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PT HOUSTON                                                                                | PT HOUSTON 5% 10/1/2026                                                                   | CUSIP: 734262GB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $981191.64    | 0.03%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FORNEY TX INDPT SCH DIS                                                                   | FORNEY TX INDPT 5% 8/15/25                                                                | CUSIP: 346425GE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1013913.04   | 0.03%             | 2025-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BOERNE TX ISD                                                                             | BOERNE TX ISD 4% MT                                                                       | CUSIP: 097067NQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1319896.63   | 0.04%             | 2054-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                       | MIAMI-DADE MFH 5% MT                                                                      | CUSIP: 593344BN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1450633.48   | 0.04%             | 2026-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| INTERMOUNTAIN PWR AGY UT PWR                                                              | IPA PWR 5% 7/1/2026                                                                       | CUSIP: 45884AD83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $945742.59    | 0.03%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO HEIGHTS ILL MULTIFAMILY REV                                                       | CHICA IL 2.875% 8/1/27 MT                                                                 | CUSIP: 167403AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2994308.70   | 0.09%             | 2027-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                              | COLORADO HEALTH 5% MT                                                                     | CUSIP: 19648FXD1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   3060000 | PA      | $3227951.77   | 0.09%             | 2058-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                         | SOUTHEAST EN AL 5% 11/1/2028                                                              | CUSIP: 84136HAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043926.90   | 0.03%             | 2028-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2026 @                                                            | CUSIP: 592647JV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $938147.37    | 0.03%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                          | NEW JERSEY ECN 5% 11/1/2025                                                               | CUSIP: 64577XDK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007480.10   | 0.03%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                  | MINNESOTA ST HS 5% 8/1/2026                                                               | CUSIP: 60416TTZ1<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102174.71    | 0.00%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALASKA MUN BD BK ALASKA MUN BD BK AUTH                                                    | ALASKA MUN BD B 5% 12/1/2025 @                                                            | CUSIP: 01179R3X9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $488374.19    | 0.01%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSING OPTIONS INC TEX MULTIFAMILY REV                                                   | HSG OPTIONS INC 3.75% MT                                                                  | CUSIP: 44183TAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3020684.10   | 0.09%             | 2045-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEVE AUTH IDR                                                            | CHANDLER AZ IDR 4.1% MT                                                                   | CUSIP: 158862CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $570451.84    | 0.02%             | 2037-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WALKER CNTY AL ECONOMIC and INDL DEV AUTH SOLID WASTE DISP REV                            | AL PWR - SOUTHERN CO 23-1 V1@                                                             | CUSIP: 931542AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2925000 | PA      | $2925000.00   | 0.09%             | 2063-08-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TPK COMMN TPK                                                             | PA TPK 5% 6/1/2028                                                                        | CUSIP: 709224XC8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    410000 | PA      | $423638.81    | 0.01%             | 2028-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | CA STATEWIDE MFH 2023-MIZ9121 G=FHLM/MZ D1@                                               | CUSIP: 60700HPW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.06%             | 2033-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE        | SAN FRAN ARPT 5% 5/1/2026 @                                                               | CUSIP: 79766DTZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2028417.00   | 0.06%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ST PAUL MN HSG and REDEV AUTH HEALTH CARE FAC REV                                         | ST PAUL MN HLTH 5% 7/1/2028                                                               | CUSIP: 792905DC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1602030.24   | 0.05%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HSG and ECONOMIC DEV AUTH MULTIFAMILY HSG                                       | WI MHSG 5% MT                                                                             | CUSIP: 97689RFF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3340704.58   | 0.10%             | 2058-11-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TEMPE AZ INDL DEV AUTH REV                                                                | TEMPE ARIZ INDL DEV AUTH REV VAR-ASUF BRICKYARD PJ-SER A LOC BANK OF AMERICA              | CUSIP: 87972MAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1175000.00   | 0.03%             | 2034-07-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| ALBUQUERQUE NM MUN SD NO 012                                                              | ALBUQUERQUE SCD 5% 8/1/2025                                                               | CUSIP: 013595ZM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5015303.50   | 0.15%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CARROLL CNTY KY POLLUTION CTLREV                                                          | CARRO KY 1.55% MT                                                                         | CUSIP: 144838AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $482072.10    | 0.01%             | 2042-09-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WASTEWATER TXMN REV                                                            | CHICAGO WW 5% 1/1/2030                                                                    | CUSIP: 167727K47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1965082.07   | 0.06%             | 2030-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HEFA EDL FACS REV                                                             | MO HEFA EDL 0% 5/1/2051 MT                                                                | CUSIP: 60637ATQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9135000 | PA      | $9187872.47   | 0.27%             | 2051-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5% 11/15/2026                                                              | CUSIP: 249182RX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $823065.52    | 0.02%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SCIOTO CNTY OH HSP FACS REV                                                               | SCIOTO OH HSP 5% 2/15/2026                                                                | CUSIP: 808878GR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $408587.33    | 0.01%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA HSG FIN DEV AUT                                                            | SC HSG DEV AUT 4% 1/1/2050                                                                | CUSIP: 83712DC79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60175.27     | 0.00%             | 2050-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEVE AUTH IDR                                                            | CHANDLER AZ IDR 5% 9/1/2042 @                                                             | CUSIP: 158862CA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7400000 | PA      | $7537231.52   | 0.22%             | 2042-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ALASKA HSG FIN CORP MTG REV                                                               | AK HSG FIN CORP 3% 6/1/2051                                                               | CUSIP: 01170RLZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $337058.27    | 0.01%             | 2051-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 5% 7/1/2026                                                                | CUSIP: 20775DCD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $263161.96    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                                   | WA ST HLTH CAR 5% 8/15/2027                                                               | CUSIP: 93978HSF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51879.11     | 0.00%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OSWEGO ILL INDL DEV REV                                                                   | OSWEGO ILL INDL DEV REV ADJ-GRIFFITH LABORATORIES PJ                                      | CUSIP: 688667AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2820000 | PA      | $2820000.00   | 0.08%             | 2025-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD PROJ REV                                                                     | BALT MD WTR 5% 7/1/2029                                                                   | CUSIP: 05922KYK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027494.20   | 0.03%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                                                              | OH AIR QUAL 3.20% 5/1/2026                                                                | CUSIP: 677525WY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3275000 | PA      | $3253185.55   | 0.10%             | 2026-05-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                          | MISSION TX EDC 3.95% MT@                                                                  | CUSIP: 605155BX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3799577.44   | 0.11%             | 2055-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BATTERY PK CITY AUTH NY REV                                                               | BATTERY PARK NY 19D1 Q=TD V1                                                              | CUSIP: 07133AJB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 0.02%             | 2038-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| LEANDER TX INDPT SCH DIST                                                                 | LEANDER TX ISD 0% 2/15/2027                                                               | CUSIP: 521841L79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $944817.70    | 0.03%             | 2027-02-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BASELINE MET DIST NO 1 SPL REVCOLO                                                        | BASELINE MET DI 5% 12/1/2027                                                              | CUSIP: 069826AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040348.50   | 0.03%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH BRDG and TUNL NY REVS                                                          | TBTA NY MTA BRDG and TNL 24A 12/1/25 BAN                                                  | CUSIP: 89602RMT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7067236.40   | 0.21%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OREGON ST BUSINESS DEV COMMN REV                                                          | OR ST BUS DEV C 3.8% MT                                                                   | CUSIP: 68609AAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2012201.00   | 0.06%             | 2040-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RESIDENTIAL FIN PROG REV                                            | TENNESSEE HSG D 3% 1/1/2052                                                               | CUSIP: 8804616V5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $185886.58    | 0.01%             | 2052-01-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BIRMINGHAM AL ARPT AUTH ARPT                                                              | B-HAM AL ARPT 5% 7/1/2025                                                                 | CUSIP: 090888GJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $325466.96    | 0.01%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLORADO EDL and CULTURAL FAC AUTH REV                                                    | CO MESIVTA GRTR LA 04 L=DB V7                                                             | CUSIP: 196458YZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $375000.00    | 0.01%             | 2029-06-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY REV                                                          | MASS MA SER I 5% 7/1/25                                                                   | CUSIP: 57584XND9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20022.97     | 0.00%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CTY FL HLTH HSP REV                                                            | MIAMI-DADE HLTH 5% 8/1/2025                                                               | CUSIP: 59334NEH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $701670.83    | 0.02%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RAILSPLITTER TOB SETTLEMENT AUTH ILL TOB SETTLEMENT REV                                   | RAILSPLITTER IL 5% 6/1/28                                                                 | CUSIP: 75076PAZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2385000 | PA      | $2433950.22   | 0.07%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WESTFIELD WASHINGTON IND MULTI                                                            | WSTFLD WA SCH 5% 7/15/2029                                                                | CUSIP: 96023PNN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $641758.26    | 0.02%             | 2029-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VA PORT AUTH COMWLTH PORT REV                                                             | VA PORT 5% 7/1/2038 PRE @                                                                 | CUSIP: 928075GZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500696.05    | 0.01%             | 2038-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                            | CT ST 5% 3/1/2028                                                                         | CUSIP: 20772KVZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4491881.53   | 0.13%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VERMONT ST STUD ASSIT CORP                                                                | VT STUD LN 5% 6/15/2025@                                                                  | CUSIP: 92428CLU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1300596.57   | 0.04%             | 2025-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RACINE WI UNI SCH DIST                                                                    | RACINE WI USD 5% 4/1/2026                                                                 | CUSIP: 750046SU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $127004.03    | 0.00%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV                                                  | SAN DIEGO ARPT 5% 7/1/2025 @                                                              | CUSIP: 79739GLM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001009.80   | 0.03%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 4% MT                                                                     | CUSIP: 74440DCZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $325817.15    | 0.01%             | 2050-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LANCASTER MUNICIPAL AUTHORITY                                                             | LANCASTER MUNIC 5% 5/1/2028                                                               | CUSIP: 514350AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $217359.72    | 0.01%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NJ TRANSP 5% 6/15/2025                                                                    | CUSIP: 64613CCY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2251373.18   | 0.07%             | 2025-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DEPT HSG and CMNTY DEV                                        | MARYLAND ST CMN 5.25% 11/1/2025                                                           | CUSIP: 57419T4U2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6018335.40   | 0.18%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST MTG AGY HOMEOWNERMTG REV                                                      | NEW YORK ST MTG 3.75% 4/1/2026 @                                                          | CUSIP: 64988YZK6<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |    295000 | PA      | $295121.33    | 0.01%             | 2026-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DALLAS TEX HSG FIN CORP MULTI FAMILY HSG REV                                              | DALLAS MHSG 5% 7/1/2026 MT                                                                | CUSIP: 235298BS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $403054.24    | 0.01%             | 2026-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HIGHER EDL FACS AUTH REV                                                  | PA THOS JEFF UNIV 24D1 L=BA V1                                                            | CUSIP: 70917TSS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20000000.00  | 0.59%             | 2061-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST TA PSNGR FAC CHRG                                                             | MD TRANS PASS 2.50% 06/01/2026 AMT                                                        | CUSIP: 57429NBL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $662054.81    | 0.02%             | 2026-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CLEMSON UNIV S C HIGHER ED REV                                                            | CLEMSON UNIV SC 5% 5/1/2030                                                               | CUSIP: 185630C99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $424751.03    | 0.01%             | 2030-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST                                                              | PORT PORT ARTH 5% 3/1/2028 @                                                              | CUSIP: 735218HN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1683874.64   | 0.05%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                  | MINNESOTA ST HS 3.875% 8/1/2025                                                           | CUSIP: 60416TZ43<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    700000 | PA      | $700110.88    | 0.02%             | 2025-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HSG FIN AGY COLLATERALIZED REV                                                   | OKLAH OK 3.2% MT                                                                          | CUSIP: 67886UAS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1493910.15   | 0.04%             | 2042-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2025 @                                                               | CUSIP: 646080SN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $422777.42    | 0.01%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                          | NEW JERSEY ECN 5% 6/15/2026                                                               | CUSIP: 64577XCB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $566085.46    | 0.02%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST TA PSNGR FAC CHRG                                                             | MD TRANS PASS 2.625% 6/1/27@                                                              | CUSIP: 57429NBM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $532673.79    | 0.02%             | 2027-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST                                                                              | WI ST 5% 5/1/2028                                                                         | CUSIP: 97705MM69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1129942.53   | 0.03%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                                | SLT LAKE U 5% 7/1/2025 @                                                                  | CUSIP: 795576GV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3504166.40   | 0.10%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TPK AUTH TPK REV                                                            | NJ TPK 5% 1/1/2028                                                                        | CUSIP: 646140FN8<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    455000 | PA      | $477819.39    | 0.01%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW 1.20% MT                                                                       | CUSIP: 708692BM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001029.00   | 0.06%             | 2049-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NY PAYROLL MOBILITY TX                                                                    | NY PAYROLL MOBI 5% 5/15/2051 MT                                                           | CUSIP: 89602HBG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4266623.76   | 0.12%             | 2051-05-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI CNTY OH HOSP FACS REV                                                               | MIAMI OH HSP 5% 8/1/2025                                                                  | CUSIP: 593328EY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $310770.85    | 0.01%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | SC CONWAY HOSP BC22-019 BC/BC DR42                                                        | CUSIP: 76252PTY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 0.04%             | 2047-07-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| BARRY CNTY MO CTFS PARTN                                                                  | BARRY CNTY MO C 5% 10/1/2026                                                              | CUSIP: 06882PAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $558918.36    | 0.02%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 7/1/2025                                                                         | CUSIP: 452153GA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3885000 | PA      | $3889870.62   | 0.11%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY OKLA EDL FACSAUTH EDL FACS LEASE REV                                      | WASHINGTON CN O 5% 9/1/2027                                                               | CUSIP: 938176AH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $468102.64    | 0.01%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LANCASTER MUNICIPAL AUTHORITY                                                             | LANCASTER MUNIC 5% 5/1/2027                                                               | CUSIP: 514350AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204688.18    | 0.01%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALASKA ST                                                                                 | AK ST 5% 8/1/2028                                                                         | CUSIP: 0117706D1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $196986.15    | 0.01%             | 2028-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RESIDENTIA L MTG REV                                                  | OH HFA RES MTG 6% 3/1/2055                                                                | CUSIP: 67756Q4R5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $270063.35    | 0.01%             | 2055-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FLA SEAPORT REV                                                           | MIAMI DADE FL 5% 10/1/2027 @                                                              | CUSIP: 59335KEJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2712166.54   | 0.08%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WESTFIELD WASHINGTON IND MULTI                                                            | WSTFLD WA SCH 5% 1/15/2029                                                                | CUSIP: 96023PNM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $478223.15    | 0.01%             | 2029-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DALLAS TEX SPL TAX REV                                                                    | DALLAS TEX SPL 6% MT                                                                      | CUSIP: 235380AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8511240.40   | 0.25%             | 2053-08-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 5% 8/1/2026                                                               | CUSIP: 74440DEP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253635.55    | 0.01%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 3/1/2028                                                               | CUSIP: 56035DGK2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1064386.14   | 0.03%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SANTA FE CNTY N MEX MULTIFAMILY REV                                                       | SANTA NM 3.29% 12/10/2049 MT                                                              | CUSIP: 80189NAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2991872.10   | 0.09%             | 2049-12-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| IDAHO HSG and FIN ASSN                                                                    | IDAHO HSG and FIN ASSN SINGLE FAMILY MTG REV VAR-SER A-CL I                               | CUSIP: 45129YXW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.00%             | 2038-01-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REV                                                                       | ATLANTA GA ARPT 5% 7/1/2027 @                                                             | CUSIP: 04780MR92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2045000 | PA      | $2112456.57   | 0.06%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DUVAL CNTY FLA SCH BRD CTFS PT                                                            | DUVAL FL SD COP 5% 7/1/2029                                                               | CUSIP: 267169HP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072175.00   | 0.03%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA WTR and SWR AUTH                                                            | PITT WTR and SWR 5% 9/1/2032                                                              | CUSIP: 725304YY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $429993.45    | 0.01%             | 2032-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP MLTFMY RV                                                            | FL HFC MF 3.8% 6/1/2042 MT                                                                | CUSIP: 34073JVE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1375354.78   | 0.04%             | 2042-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ASHLAND KY MED CTR REV                                                                    | ASHLAND KY MED 5% 2/1/2026                                                                | CUSIP: 044293BN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $554098.71    | 0.02%             | 2026-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                                   | WA ST HLTH CAR 5% 3/1/2028                                                                | CUSIP: 93978HZC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $639804.30    | 0.02%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WARNER ROBINS GA HSG AUTH MULTIFAMILY REV                                                 | WARNE GA 934604 5% MT                                                                     | CUSIP: 934604AM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2608827.75   | 0.08%             | 2029-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BROWARD CO FL ARPT                                                                        | BROW CO FL ARPT 5% 10/1/25@                                                               | CUSIP: 114894MW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000885.20   | 0.03%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL ARPT SYS                                                               | PALM BCH ARPT 5% 10/1/2028 @                                                              | CUSIP: 696499FC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1307027.00   | 0.04%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BOARD                                                             | N ORLEANS AVIAT 5% 1/1/2028@                                                              | CUSIP: 64763HLZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2690000 | PA      | $2783634.06   | 0.08%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5% MT                                                                      | CUSIP: 09182TBL0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2370000 | PA      | $2443668.61   | 0.07%             | 2053-05-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5.50% 6/1/2027                                                             | CUSIP: 09182TCV7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    685000 | PA      | $708229.10    | 0.02%             | 2027-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                                                                | CHICAGO IL 5% 1/1/2028                                                                    | CUSIP: 167486XA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1071303.95   | 0.03%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEBRASKA INVT FIN AUTH SFH REV                                                            | NE IFA SFH 4% 9/1/2049@                                                                   | CUSIP: 63968MTQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $54876.79     | 0.00%             | 2049-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WILSONVILLE AL INDL DEV BRD POLLUTN CTL REV                                               | AL PWR - SOUTHERN CO 2008 V1@                                                             | CUSIP: 97247RAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700000.00    | 0.02%             | 2030-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MICH ARPT AUTH REV                                                             | WAYNE CO MI AAR 5% 12/1/2028 @                                                            | CUSIP: 944514Q43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3130365.60   | 0.09%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 4% 11/1/2025                                                                      | CUSIP: 6262076G4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $802516.32    | 0.02%             | 2025-11-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                                                      | IL FIN ATH SER C 5% 8/1/26                                                                | CUSIP: 45204EWQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35559.68     | 0.00%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA INS ASSISTANCE INTERLOCAL AGY FLA INS ASSMT REV                                   | FL INSURANCE 2023 A2 Q=FL V7                                                              | CUSIP: 34074EAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19800000 | PA      | $19800000.00  | 0.58%             | 2032-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PELICAN RAPIDS MINN                                                                       | PELIC MN 4% 12/15/2025                                                                    | CUSIP: 705846XA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2515000 | PA      | $2516955.92   | 0.07%             | 2025-12-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WASHOE CNTY NV WTR FAC REV                                                                | WASHOE NV WTR 3.625% MT                                                                   | CUSIP: 940865BJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $269076.55    | 0.01%             | 2036-03-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PHOENIX ARIZONA CIVIC IMP WTR                                                             | PHX CVC WTR 5% 7/1/27                                                                     | CUSIP: 71883RNK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400481.40    | 0.01%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 11/1/2025                                                                        | CUSIP: 452152Q46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $926800.64    | 0.03%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL                                                                              | COOK CY IL 5% 11/15/2025                                                                  | CUSIP: 213185LS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50391.50     | 0.00%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TEXAS MUN GAS ACQUISITION and SUPPLY CORP IV GAS SUPPLY REV                               | TEXAS GAS IV 5.25% 1/1/2027                                                               | CUSIP: 88256PAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1099435.59   | 0.03%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DOUGLAS CNTY NE HOSP AUTH NO 3 REV                                                        | DOUGLAS NE HP#3 5% 11/1/2028                                                              | CUSIP: 259234CF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1257364.00   | 0.04%             | 2028-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI HOSP REV                                                               | PUBLIC FIN WIS 5% 6/1/2026                                                                | CUSIP: 74442CCL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $521482.05    | 0.02%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PMA LEVY and AID ANTIC NTS PROGRAM WIS                                                    | PMA LEVY and AID 5% 9/24/2025                                                             | CUSIP: 730146DF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2512774.25   | 0.07%             | 2025-09-24      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 1/1/2028                                                                       | CUSIP: 62620HKC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $392573.51    | 0.01%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BEDFORD OH CITY SCH DIST                                                                  | BEDFORD CITY OH SD 9/4/25 BAN                                                             | CUSIP: 076365KZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2508893.75   | 0.07%             | 2025-09-04      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ATRIUM HEALTH                                                                             | ATRIUM HEALTH 3.45% MT                                                                    | CUSIP: 160853TL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2805000 | PA      | $2806106.57   | 0.08%             | 2048-01-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2026 @                                                               | CUSIP: 646080XB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2035448.00   | 0.06%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WYANDOTTE CNTY KANS CITY ULILITY SYS                                                      | WYANDOTTE UTILI KS 5% 9/1/25                                                              | CUSIP: 982674KM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15060.72     | 0.00%             | 2025-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NEW YK 5% 8/1/2026                                                                        | CUSIP: 64966QBK5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    260000 | PA      | $266413.00    | 0.01%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ST JAMES PARISH LA REV                                                                    | LA NUCOR 10A1 V7                                                                          | CUSIP: 790103AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8200000 | PA      | $8200000.00   | 0.24%             | 2040-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NEW HAVEN CT                                                                              | NEW HAVEN CT 5% 8/15/25                                                                   | CUSIP: 6450202W7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20067.46     | 0.00%             | 2025-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX INDPT SCH DIST                                                                 | HOUSTON TX ISD 4% MT                                                                      | CUSIP: 442403PT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8740000 | PA      | $8740000.00   | 0.26%             | 2039-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DALLAS TEX HSG FIN CORP MULTI FAMILY HSG REV                                              | DALLAS MHSG 5% MT                                                                         | CUSIP: 235298BV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1819295.38   | 0.05%             | 2027-08-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                                | DETROIT MI 5% 5/1/2030                                                                    | CUSIP: 2510936L9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $323628.39    | 0.01%             | 2030-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RACINE WI UNI SCH DIST                                                                    | RACINE WI USD 5% 4/1/2028                                                                 | CUSIP: 750046SW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $184553.08    | 0.01%             | 2028-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST MTG AGY HOMEOWNERMTG REV                                                      | NEW YORK ST MTG 3.85% 4/1/2027 @                                                          | CUSIP: 64988YZM2<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |    775000 | PA      | $778032.65    | 0.02%             | 2027-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST ECON DEV AUTH REV                                                             | DE ST EDA 1.05% MT                                                                        | CUSIP: 246387SU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $563424.38    | 0.02%             | 2031-01-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY HEALTH CARE                                                                    | NJ HLTH CARE 5% MT                                                                        | CUSIP: 645790MC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150184.16    | 0.00%             | 2042-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST MTG AGY HOMEOWNERMTG REV                                                      | NEW YORK ST MTG 3.50% 10/1/2032@                                                          | CUSIP: 64988YCS4<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |     25000 | PA      | $24803.35     | 0.00%             | 2032-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                                                                                 | HI ST 4% 4/1/2029                                                                         | CUSIP: 419792HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6037980.00   | 0.18%             | 2029-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                                                             | CA ST 4% 3/1/2028                                                                         | CUSIP: 13063DTB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3091469.40   | 0.09%             | 2028-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BARTOW CNTY GA DEV AUTH SOLIDWASTE DISP FAC REV                                           | GA PWR - SOUTHERN CO 22-2 V1@                                                             | CUSIP: 06964KAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.12%             | 2062-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | BURKE CNTY GA 3.3% MT                                                                     | CUSIP: 121342QN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1969130.20   | 0.06%             | 2049-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                                | SLT LAKE U 5% 7/1/2028 @                                                                  | CUSIP: 795576LK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043450.50   | 0.03%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA DEV AUTH PCR                                                               | MONROE GA PCR 2.25% 7/1/2025                                                              | CUSIP: 610530FR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $434256.41    | 0.01%             | 2025-07-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV SCHOOL DIST                                                                 | CLARK CO NV SD 5% 6/15/2025                                                               | CUSIP: 181059Z74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2655000 | PA      | $2656622.47   | 0.08%             | 2025-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5.25% 6/1/2026                                                             | CUSIP: 09182TBZ9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    575000 | PA      | $583531.51    | 0.02%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MOUNT VERNON N Y                                                                          | MOUNT VERNON 5% 5/29/2026                                                                 | CUSIP: 623589QK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4031907.60   | 0.12%             | 2026-05-29      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH MULTIFAMILY HSG REV                                                 | ILLINOIS HDA MU 0% 2/1/2027                                                               | CUSIP: 45203LEM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2071466.99   | 0.06%             | 2027-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTH TX TWY AUTH REV                                                                     | NORTH TX TOLL 5% 1/1/2026                                                                 | CUSIP: 66285WL61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65096.30     | 0.00%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HEALTH FACS AUTH REV                                                       | ORANGE CNTY FL 0% 11/15/2052                                                              | CUSIP: 68450LGT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5370000 | PA      | $5482168.02   | 0.16%             | 2052-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CITY TRANSITIONAL FIN AUTH BLDG AID REV                                       | NYC TFA BARB 5% 7/15/2025                                                                 | CUSIP: 64972HZK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $370904.95    | 0.01%             | 2025-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KANE COOK DU PAGE CNTYS IL SD                                                             | KANE COOK DUPAG 5% 1/1/2030                                                               | CUSIP: 483836VT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $593189.80    | 0.02%             | 2030-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CLARK COUNTY NV MCCARRAN AIR                                                              | CLARK CO NV PFC 5% 7/1/2025                                                               | CUSIP: 181006HJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100145.32    | 0.00%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MEMPHIS-SHELBY CNTY TN ARPT AU                                                            | MEMPH-SHELBY TN 5% 7/1/2025 @                                                             | CUSIP: 586111NY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2753296.15   | 0.08%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NJ ST TRANSN TR FD AUTH CAP APPREC-TRANSN SYS-SER A                                       | CUSIP: 646136WE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $982163.80    | 0.03%             | 2025-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TEX HIGHER ED FIN CORP ED REV                                                     | CLIFTON TEX HIG 5% 8/15/2026                                                              | CUSIP: 187145SW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $332273.08    | 0.01%             | 2026-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                       | ILLINOIS FN RV 5% 1/1/2028                                                                | CUSIP: 45204FG41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $486072.68    | 0.01%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                            | SC PUB SVC 5% 12/1/2026                                                                   | CUSIP: 837151R76<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    170000 | PA      | $174882.52    | 0.01%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FORT BEND CNTY TEX TOLL RD REV                                                            | FORT TX TOLL R 5% 3/1/2028                                                                | CUSIP: 346817EX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $525966.45    | 0.02%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS HSG FIN AGY                                                                 | MA ST HSG FIN A 4% 12/1/2027                                                              | CUSIP: 57586VBE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002693.60   | 0.03%             | 2027-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LOUISIANA HSG CORP SINGLE FAMILY MTG REV                                                  | LOUIS LA 5.75% 12/1/2053                                                                  | CUSIP: 54627DPR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $176834.41    | 0.01%             | 2053-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PARK CITY KANS                                                                            | PARK CITY KS 3.625% 10/1/2027                                                             | CUSIP: 700222F98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000349.00   | 0.15%             | 2027-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV                                             | BLACK BELT ALAB 0% 7/1/2052                                                               | CUSIP: 09182NCC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5045186.50   | 0.15%             | 2052-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX                                                                            | HARRIS TX(HARCTC)C L=SM TECP                                                              | CUSIP: 41387AZQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3490000 | PA      | $3489241.27   | 0.10%             | 2025-07-16      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                                                              | OH AIR QUAL 4.25% MT@                                                                     | CUSIP: 677525WV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9140000 | PA      | $9207604.92   | 0.27%             | 2039-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PREPAY REV                                              | BLACK BELT ENER 0% 12/1/2049                                                              | CUSIP: 09182RAR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $3050350.14   | 0.09%             | 2049-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2026 @                                                                | CUSIP: 544445XP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1220993.60   | 0.04%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LAKELAND FL HOSP SYS REV                                                                  | LAKELND MED CTR 5% 11/15/2026                                                             | CUSIP: 511665JZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1538936.25   | 0.05%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LANCASTER PORT AUTH OH GAS REV                                                            | LANCASTER PORT 5% MT                                                                      | CUSIP: 514401BN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2765000 | PA      | $2888213.93   | 0.08%             | 2055-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA                                            | SOUTHEAST ENERG 5.25% 7/1/2028                                                            | CUSIP: 84136FBS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1945000 | PA      | $2029714.67   | 0.06%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 8/1/2027 @                                                                | CUSIP: 735389P36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $206329.48    | 0.01%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                           | PA ST 5% 9/1/2026                                                                         | CUSIP: 70914P2V3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6590000 | PA      | $6764588.21   | 0.20%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | MD STADIUM AUTH 2024-XF1758-BNY Q=JP D7                                                   | CUSIP: 88035JVJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1700000.00   | 0.05%             | 2054-06-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| KANE MCHENRY COOK DEKALB IL SD                                                            | KANE MCHENRY IL 5% 1/1/2027                                                               | CUSIP: 484080SM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $395438.25    | 0.01%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                         | SOUTHEAST EN AL 5% 6/1/2031                                                               | CUSIP: 84136HAX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $342935.13    | 0.01%             | 2031-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JACKSON TN HEALTH and HSG MFH RV                                                          | JACKSON TN MFH 4% 4/1/2045                                                                | CUSIP: 468741BY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2025052.60   | 0.06%             | 2045-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NORTH TX TWY AUTH REV                                                                     | NORTH TX TOLL 5% 1/1/2027                                                                 | CUSIP: 66285WM78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $284277.32    | 0.01%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL AIRPORT                                                                       | LEE FL AIRPORT 5% 10/1/2027 @                                                             | CUSIP: 523470GF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1495922.95   | 0.04%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA CAP FACS FIN AGY SOLID WASTE DISP REV                                      | NC CAP FACS WST 6/1/38 MT@                                                                | CUSIP: 65820AAP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4999919.50   | 0.15%             | 2038-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                         | SOUTHEAST EN AL 5% 6/1/2030                                                               | CUSIP: 84136HAW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $183597.09    | 0.01%             | 2030-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ROCKPORT IND POLLUTION CTL REV                                                            | ROCKPORT IN PCR 3.7% 6/1/2047 MT                                                          | CUSIP: 773835BY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5120000 | PA      | $5106661.38   | 0.15%             | 2047-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ORANGE TWP NJ                                                                             | ORANGE TWP CITY ESSEX CNTY NJ 3/18/26 BAN                                                 | CUSIP: 685312NP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4724693.80   | 0.14%             | 2026-03-18      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PORT OAKLAND CALIF REV                                                                    | PORT OAKLAND CA 5% 5/1/2028 @                                                             | CUSIP: 735000VJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1776891.15   | 0.05%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HSG and MTG FIN CP                                                           | RI HSG 4% 10/1/2049                                                                       | CUSIP: 76221RB44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35052.70     | 0.00%             | 2049-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WACO TX                                                                                   | WACO TEX 5% 2/1/26                                                                        | CUSIP: 929831PW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2093244.86   | 0.06%             | 2026-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDL FACS AUTH REV                                                           | NEW JERSEY ST E 5% 9/1/2027                                                               | CUSIP: 646067FC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $208760.04    | 0.01%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2025 @                                                            | CUSIP: 3922744S2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30146.25     | 0.00%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FLA SPL REV                                                                  | JACKSONVILLE F 5% 10/1/2025                                                               | CUSIP: 469487TA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $276651.60    | 0.01%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 6/1/2026                                                               | CUSIP: 56035DEA6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    800000 | PA      | $810792.16    | 0.02%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WEST HAVEN CT                                                                             | W HAVEN CITY CT 3/26/26 BAN                                                               | CUSIP: 9531402P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1031443.05   | 0.03%             | 2026-03-26      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| UT HSG CORP MULTIFAMILY REV                                                               | UT HSG MF 3.4%/VAR 2/1/2028                                                               | CUSIP: 917434DJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1496292.60   | 0.04%             | 2028-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CHICAGO OHARE 2023 XF1457 D1 @                                                            | CUSIP: 88035E5E9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1965000 | PA      | $1965000.00   | 0.06%             | 2059-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND PWR AUTH NY ELEC                                                              | LIPA NY 1.5% MT                                                                           | CUSIP: 542691EX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $457681.63    | 0.01%             | 2051-09-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| CUMBERLAND CNTY NC                                                                        | CUMBERLAND CNTY NC PROJECT AERO PRE MT@                                                   | CUSIP: 230589AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17300000 | PA      | $17305594.82  | 0.51%             | 2027-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA WTR and SWR AUTH                                                            | PITT WTR and SWR 5% 9/1/2029                                                              | CUSIP: 725304YV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $297530.83    | 0.01%             | 2029-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                                | CHICAGO MIDWAY 5% 1/1/2026 @                                                              | CUSIP: 167562TP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $706840.12    | 0.02%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOM DEV AUTH REV                                                            | NJ EDA REV 5% 11/1/2025                                                                   | CUSIP: 64577BD92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $352618.04    | 0.01%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SALEM KEIZER SCHOOL DIST                                                                  | MARION and POLK SD 0% 6/15/2028                                                           | CUSIP: 569203PT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $332082.10    | 0.01%             | 2028-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEWARK NJ                                                                                 | NEWARK NJ 5% 10/1/2027                                                                    | CUSIP: 650367PP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2297652.06   | 0.07%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY MD                                                                        | MONTGMRY CO MD 5% 8/1/2026                                                                | CUSIP: 61334PEL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024884.40   | 0.03%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 2.95% MT                                                                   | CUSIP: 20775DXK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997169.80    | 0.03%             | 2049-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CA PUB PWR AUTH                                                                  | SOUTHERN CA PUB 5% MT                                                                     | CUSIP: 84247PND9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2591457.25   | 0.08%             | 2055-04-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CLIFTON TEX HIGHER ED FIN CORP ED REV                                                     | CLIFTON TEX HIG 5% 8/15/2026                                                              | CUSIP: 187145SD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $731217.27    | 0.02%             | 2026-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INTERLOCAL SCH TRANSN ASSN EQUIP LEASE REV CTFS PARTN                            | KENTUCKY INTLOC 4% 3/1/2026                                                               | CUSIP: 491325NH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1111506.90   | 0.03%             | 2026-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| KALAMAZOO MI HFA HOSP FAC REV                                                             | KALAMAZOO HFA H 5% 5/15/2026                                                              | CUSIP: 483233RB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15223.05     | 0.00%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLA HSG FIN CORP MULTIFAMILY MTG REV                                                      | FL MHSG 5% MT                                                                             | CUSIP: 34074HGY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $609440.76    | 0.02%             | 2026-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| IDAHO HEALTH FACS AUTH REV                                                                | ID HLTH REV 5% 3/1/2032                                                                   | CUSIP: 451295B99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $549647.61    | 0.02%             | 2032-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                                | DETROIT MI 5% 5/1/2032                                                                    | CUSIP: 2510936N5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $360112.54    | 0.01%             | 2032-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY RV                                                           | MASSACHUSET REV 5% 1/1/2027                                                               | CUSIP: 57585BDF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $517489.86    | 0.02%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST PWR AUTH IAM COML PAPER 3/A2                                                  | NYS PWR TECP 2.85% 07/8/2025                                                              | CUSIP: 64989MJ45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3799532.60   | 0.11%             | 2025-07-08      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SINTON TEX INDPT SCH DIST                                                                 | SINTO TX 4% 8/15/2051 MT                                                                  | CUSIP: 829353JJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4001388.40   | 0.12%             | 2051-08-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COM SF MTG                                                            | MO ST HSG 4% 5/1/2050                                                                     | CUSIP: 60637BVE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $45106.50     | 0.00%             | 2050-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL AIRPORT                                                                       | LEE FL AIRPORT 5% 10/1/2025                                                               | CUSIP: 523470GD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1380883.90   | 0.04%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                                   | NYS HFA 3.8% MT                                                                           | CUSIP: 64987JP54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $670155.98    | 0.02%             | 2063-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL ARPT SYS                                                               | PALM BCH ARPT 5% 10/1/2027 @                                                              | CUSIP: 696499FB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2173650.15   | 0.06%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER and EXPOSITION AUTH ILL DEDICATED ST TAX REV                            | METROPOLITAN PIER and EXPOSITIONAUTH ILL DEDICATED ST TAX REV CAP APPREC-REF-MCCORMICK PJ | CUSIP: 592247GA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $853781.50    | 0.02%             | 2029-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2026 @                                                            | CUSIP: 592647MJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1728434.55   | 0.05%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                            | SANTEECPR(SCPSAF)20A L=BC TECP                                                            | CUSIP: 83706TBK4<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2175082.65   | 0.06%             | 2025-06-04      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| FLORIDA ATLANTIC UNIVERSITY FINANCE CORP                                                  | FLORIDA ATLANTI 5% 7/1/2029                                                               | CUSIP: 31200CEF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $668624.13    | 0.02%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ED LN AUTH ED LN                                                            | MA ED LN AUTH 5% 7/1/2028 @                                                               | CUSIP: 57563RSZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1839013.25   | 0.05%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNESOTA RURAL WTR FIN AUTH                                                              | MN RURAL WTR 3.30% 8/1/2026                                                               | CUSIP: 60411PBE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000380.60   | 0.06%             | 2026-08-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HEALTH and ED FACSAUTH REV MEMORIAL HOSP                                    | NEW HAMPSHIRE H 3.3% MT                                                                   | CUSIP: 64461XKA2<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   3740000 | PA      | $3747372.29   | 0.11%             | 2038-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH MULTIFAMILY HSG REV                                              | ARIZONA ST INDL MT 5% 3/1/2058                                                            | CUSIP: 04062PCD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3069377.10   | 0.09%             | 2058-03-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ALASKA ST                                                                                 | AK ST 5% 8/1/2026                                                                         | CUSIP: 0117706B5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $861216.47    | 0.03%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CREEK CNTY OKLA EDL FACS AUTHEDL FACS LEASE REV                                           | CREEK OK 225472 5% 9/1/2029                                                               | CUSIP: 225472BY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2109815.20   | 0.06%             | 2029-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                                   | NYS HFA 3.875% MT                                                                         | CUSIP: 64987JP47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $120426.72    | 0.00%             | 2063-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DEPT HSG and CMNTY DEV                                        | MARYLAND ST CMN 3.50% 1/1/2026                                                            | CUSIP: 57419T3S8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2805000 | PA      | $2809711.56   | 0.08%             | 2026-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | MD HLTH INTEGRACE BC22-024 BC/BC DR42                                                     | CUSIP: 76252PUP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3700000.00   | 0.11%             | 2049-11-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                         | SOUTHEAST EN AL 5% 7/1/2028                                                               | CUSIP: 84136HBH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1287355.25   | 0.04%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                          | MISSION TX EDC 2.05/VAR MT@                                                               | CUSIP: 605155BM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3901864.59   | 0.11%             | 2026-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CITY HSG DEV CORPMULTIFAMILY HSG REV                                                      | CITY HSG DEV CO 0.6% MT                                                                   | CUSIP: 64972EYZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $383886.16    | 0.01%             | 2061-05-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD HSG SINGLE FAMILY MTG                                                      | MONTANA ST 3% 6/1/2052                                                                    | CUSIP: 61212WQM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $186566.97    | 0.01%             | 2052-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| FARMINGTON NM POLLUTION CTL                                                               | FARM N MEX PCR 0% 6/1/2040 MT                                                             | CUSIP: 311450GC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3020933.70   | 0.09%             | 2040-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                         | SOUTHEAST EN AL 5% 1/1/2029                                                               | CUSIP: 84136HBJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1351080.16   | 0.04%             | 2029-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOM DEV AUTH REV                                                            | NJ EDA REV 5.25% 9/1/26                                                                   | CUSIP: 64577B6K5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1551032.14   | 0.05%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| EL PASO TEX                                                                               | EL PASO TX 5% 8/15/2026                                                                   | CUSIP: 2837347A3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $861059.39    | 0.03%             | 2026-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTY DEV AUTH STUDENT HSG REV                                            | CA STWD STUDENT 5% 5/15/2026                                                              | CUSIP: 13078RFY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2530420.00   | 0.07%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COOK CNTY ILL SALES TAX REV                                                               | COOK CNY IL STR 5% 11/15/2027                                                             | CUSIP: 213248EA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522319.30    | 0.02%             | 2027-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                          | NEW JERSEY ECN 5% 6/15/2027                                                               | CUSIP: 64577XEU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $160945.74    | 0.00%             | 2027-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MERCER CNTY KY POLLUTION CTL REV IAM COML PAPER 3/A2 SER 2002 A                           | MERCE KY(MERCKY) 58781P VT                                                                | CUSIP: 58781PHT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7400000 | PA      | $7401122.58   | 0.22%             | 2025-07-08      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 10/1/2025                                                                        | CUSIP: 4521527N5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5028384.00   | 0.15%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | CA STATEWIDE MFH 2023-MIZ9122 G=FHLM/MZ D1@                                               | CUSIP: 60700HPY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6030000 | PA      | $6030000.00   | 0.18%             | 2027-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY HEALTH CARE                                                                    | NJ HLTH CARE 5% 7/1/2025                                                                  | CUSIP: 645790MK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $600827.58    | 0.02%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL SCH BRD CTFS P                                                            | BROWARD FL SD C 5% 7/1/2027                                                               | CUSIP: 115065D35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1055075.04   | 0.03%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 4% 12/1/2027                                                              | CUSIP: 56035DCX8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1226710.78   | 0.04%             | 2027-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| RENO TAHOE ARPT AUTH NV ARPT REV                                                          | RENO TAHOE ARPT 5% 7/1/2029 @                                                             | CUSIP: 759874BT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $608286.95    | 0.02%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| STAFFORD CNTY VA ECONOMIC DEV AUTH HOSP FACS REV                                          | STAFFORD EDA HO 5% 6/15/26                                                                | CUSIP: 852431BA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35515.11     | 0.00%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REV                                                                          | OHIO ST HOSP RE                                                                           | CUSIP: 67756CFG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.09%             | 2049-01-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| BAY SHORE NY UN FREE SCH DIST                                                             | BAY SHORE NY UFSD 7/15/25 BAN                                                             | CUSIP: 072581LA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7300000 | PA      | $7306252.45   | 0.21%             | 2025-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 10/15/2027 AMT                                                              | CUSIP: 73358WYC2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1133482.55   | 0.03%             | 2027-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | HOUSTON TX ARPT 2025-XM1203-MST E-AGM Q=JP D7@                                            | CUSIP: 88035MAV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5200000.00   | 0.15%             | 2053-07-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 7/1/2025                                                                       | CUSIP: 62620HFU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $275383.82    | 0.01%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Fidelity Colchester Street Trust                                                          | FIMM MM Government Portfolio - Instl Cl                                                   | CUSIP: 31607A703<br>LEI: 549300SHPEJB1OPRCV46 | Long             | EC               | RF                | US        | 108062470 | NS      | $108062469.82 | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| WISCONSIN HSG and EDA HSG REV                                                             | WI HSG EDA 3.875% MT                                                                      | CUSIP: 9769044P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $987601.88    | 0.03%             | 2054-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OK DEV FIN AUTH HEALTH SYS REV                                                            | OK DEV FIN AUTH .34% 8/15/2031                                                            | CUSIP: 67884XCT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7115000 | PA      | $7115000.00   | 0.21%             | 2031-08-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PORTS AUTH                                                              | SC PORT AUTH 5% 7/1/2026@                                                                 | CUSIP: 837123JS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $188439.39    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                                | SLT LAKE U 5% 7/1/2025 @                                                                  | CUSIP: 795576LG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700833.28    | 0.02%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST DEPT TRANSN SPL TRANSN PROJ REV                                               | MARYLAND ST DEP 5% 8/1/2028@                                                              | CUSIP: 57421FBD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1515245.94   | 0.04%             | 2028-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARLINGTON CO VA INDL DEV AUTH MULTIFAMILY REV                                             | ARL VA MF 5% 1/1/2026                                                                     | CUSIP: 04144PDW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3975000 | PA      | $4017507.06   | 0.12%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MET AIRPORT COMMIS                                                            | MN MAC PORT REV 5% 1/1/2027 @                                                             | CUSIP: 603827N69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4755000 | PA      | $4859418.85   | 0.14%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2026@                                                             | CUSIP: 592647EC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $147860.18    | 0.00%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2026 @                                                               | CUSIP: 646080VT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1450256.70   | 0.04%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ANDREWS CNTY TEX HOSP DIST                                                                | ANDREWS CNTY TX 5% 3/15/2026                                                              | CUSIP: 034451BY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1447189.74   | 0.04%             | 2026-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CLEVELAND OH ARPT SYS REV                                                                 | CLEVELAND ARPT 5% 1/1/2026 @                                                              | CUSIP: 186352RM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $292967.57    | 0.01%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX HIGHER ED FIN CORP ED REV                                                     | HOUSTON TEX HIG TECP                                                                      | CUSIP: 44237LB96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $869962.24    | 0.03%             | 2025-06-23      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | LOS ANGELES MFH HOLLYWOOD and VINE APTS 2022-MIZ9089 FRE/MZ D1@                           | CUSIP: 60700HKS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4325000 | PA      | $4325000.00   | 0.13%             | 2042-04-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | NY HSG 42ND and 10TH BC22-003 BC/BC DR42                                                  | CUSIP: 76252PRU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.09%             | 2041-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                            | SC PUB SVC 5% 12/1/2025                                                                   | CUSIP: 837151R68<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    150000 | PA      | $151322.09    | 0.00%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NJ TRANSP 5% 6/15/2026                                                                    | CUSIP: 64613CCZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $912876.55    | 0.03%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEWARK NJ BD OF ED BD                                                                     | NEWARK NJ BD OF 5% 7/15/2025                                                              | CUSIP: 650370DE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250491.35    | 0.01%             | 2025-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SEATTLE WASH HSG AUTH REV                                                                 | SEATTLE WA HSG 1% 6/1/2026                                                                | CUSIP: 812636ML9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1684435.54   | 0.05%             | 2026-06-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| COLUMBIA GA HSG AU MLTI FAM RV                                                            | COLUMBIA MHSG 0% 4/1/2028                                                                 | CUSIP: 199123CN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1289252.00   | 0.04%             | 2028-04-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| J P MORGAN EXCHANGE-TRADED FD TR                                                          | JPMorgan Ultra-Short Municipal Inc ETF                                                    | CUSIP: 46641Q654<br>LEI: 549300IQ1GP3T78IEG61 | Long             | EC               | RF                | US        |   1417846 | NS      | $72111647.56  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK ST PWR AUTH                                                                      | NYS PWR (NYPII)2 TECP                                                                     | CUSIP: 64985NQW7<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500125.00   | 0.07%             | 2025-06-04      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 10/15/2025 AMT                                                              | CUSIP: 73358WYA6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005206.30   | 0.03%             | 2025-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOM DEV AUTH REV                                                            | NJ EDA REV 5.25% 7/1/2025                                                                 | CUSIP: 64577BN42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1286998.82   | 0.04%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA SWR REV                                                                      | KING CNTY SWR 1/1/2042 MT                                                                 | CUSIP: 495290BD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4925000 | PA      | $4826884.64   | 0.14%             | 2042-01-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA DEV AUTH PCR                                                               | MONROE GA PCR 3.875% MT                                                                   | CUSIP: 610530FX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3509664.55   | 0.10%             | 2041-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MONMOUTH CNTY NJ IMPT AUTH REV                                                            | MONMOUTH CNTY NJ IMP AUTH G=MONMOUTH CO NJ 3/13/26 BAN                                    | CUSIP: 60956PS78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006837.20   | 0.03%             | 2026-03-13      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| VERMONT HSG FIN AGY                                                                       | VT HSG FIN AGY 3.50% 11/1/2026                                                            | CUSIP: 924190G21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5110000 | PA      | $5114709.38   | 0.15%             | 2026-11-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2026 @                                                            | CUSIP: 3922744T0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10218.22     | 0.00%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REV                                                                   | IN FIN REV 5% 2/1/2030                                                                    | CUSIP: 45506EMT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5371555.00   | 0.16%             | 2030-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| STANTON CNTY NE INDL DEV REV                                                              | NE NUCOR 96 V7                                                                            | CUSIP: 854743AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700000.00    | 0.02%             | 2026-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| BIRMINGHAM AL SPL CARE FACS FING AUTH REVS                                                | B-HAM AL SPL 5% 6/1/2026                                                                  | CUSIP: 090929GE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2502126.00   | 0.07%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BAY AREA TOLL AU CA BRIDGE REV                                                            | BATA CA 2.625% 4/1/2045                                                                   | CUSIP: 072024VU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $288047.20    | 0.01%             | 2045-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SOUTHCENTRAL PA GEN AUTH REV                                                              | SOUTHCENTRAL PA 5% 5/1/2026                                                               | CUSIP: 84129NMW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $325270.46    | 0.01%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AUSTIN TEX AIRPORT SYS                                                                    | AUSTIN TX ARPT 5% 11/15/2025 @                                                            | CUSIP: 052398GC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3230000 | PA      | $3254256.01   | 0.10%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN HEALTH CARE S                                                            | MINNEAPOLS MN 5% MT                                                                       | CUSIP: 60374VEW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6470000 | PA      | $6762724.15   | 0.20%             | 2052-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NY PAYROLL MOBILITY TX                                                                    | TRIBOROUGH BRID 2% MT                                                                     | CUSIP: 89602HAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1262918.69   | 0.04%             | 2045-05-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| KNOXVILLE CNTY TENN HEALTH EDL and HSG FAC BRD MULTIFAMILY HSGREV                         | KNOXV TN 3.1% MT                                                                          | CUSIP: 499652AT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2315000 | PA      | $2313942.97   | 0.07%             | 2029-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL                                                                              | COOK CY IL 5% 11/15/2026                                                                  | CUSIP: 213185LT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $4005214.59   | 0.12%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| IDAHO HSG and FIN ASSN                                                                    | ID HFA 4% 1/1/2050                                                                        | CUSIP: 45129YN44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25049.48     | 0.00%             | 2050-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH SOLD WASTE DISP FACS REV                                  | WV EDA SLD WAST 3.7% MT                                                                   | CUSIP: 95648VBW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002758.10   | 0.03%             | 2042-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CHATTANOOGA TENN HEALTH EDL and HSG FAC BRD MULTIFAMILY HSG                               | CHATT TN HEHA 3.8% MT                                                                     | CUSIP: 162404DR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2015257.80   | 0.06%             | 2029-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CENTRAL PLAINS ENERGY PROJ NE GAS PROJ REV                                                | CENTRAL PLAINS 2.5% MT                                                                    | CUSIP: 154872AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997083.80    | 0.03%             | 2049-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ POLLUTION CTL                                                            | MARICOPA AZ PUB SVC 09E V7                                                                | CUSIP: 566854ET8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2600000.00   | 0.08%             | 2029-05-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| BARTOW CNTY GA DV AU POLLN CTL                                                            | BARTOW GA PCR 2.875% MT                                                                   | CUSIP: 069643BM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1865000 | PA      | $1861040.42   | 0.05%             | 2043-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TEXAS MUNICIPAL GAS ACQUISITION and SUPPLY CORP V                                         | TEXAS MUNICIPAL 5% 1/1/2026                                                               | CUSIP: 88256RAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008345.00   | 0.03%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                                                      | ILLINOIS FIN AT 5% 12/1/2025                                                              | CUSIP: 45204EBK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $433641.41    | 0.01%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHESAPEAKE VA ECONOMIC DEV AUTH POLLUTION CTL REV                                         | CHESAPEAKE VA E 3.65% MT                                                                  | CUSIP: 16532YAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5560000 | PA      | $5598321.19   | 0.16%             | 2032-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| RURAL WTR FING AGY KY PUB PROJS REV                                                       | RURAL WTR FING 3.05% 5/1/2027                                                             | CUSIP: 781741CW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4944563.00   | 0.14%             | 2027-05-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | NYS HFA 42ND and 10TH BC22-007 L=BC/BC DR42@                                              | CUSIP: 76252PSF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23500000 | PA      | $23500000.00  | 0.69%             | 2041-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS HSG FIN AGY                                                                 | MA ST HSG FIN A 3.60% 12/1/2026                                                           | CUSIP: 57586VCM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14985000 | PA      | $15027275.68  | 0.44%             | 2026-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 8/1/2026                                                                  | CUSIP: 735389T81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $852679.20    | 0.02%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| STATE STR INVT TR                                                                         | State Street Instl US Govt MMkt Premier                                                   | CUSIP: 857492706<br>LEI: 549300CCOK7OZZUAS108 | Long             | EC               | RF                | US        |   5628449 | NS      | $5628449.20   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MASSACHUSETTS ST HLTH and ED FAC                                                          | MASSACHUSETTS ST HEALTH and EDL FACS AUTH REV VAR-PARTNERS HLTHCARE-SER G-2 FSA           | CUSIP: 57586CZW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8815000 | PA      | $8815000.00   | 0.26%             | 2042-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SEMINOLE CNTY FL SCH BRD CTFS                                                             | SEMINOLE FL SCH 5% 7/1/25                                                                 | CUSIP: 816692MR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20030.07     | 0.00%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | KANSAS CITY MO ARPT 2023-XM1108-MST AGM/JPMC BK D1@                                       | CUSIP: 88035FZG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4740000 | PA      | $4740000.00   | 0.14%             | 2057-03-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5% 10/1/2025                                                               | CUSIP: 09182TCK1<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2133898.01   | 0.06%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PTY and BLDGS COMMN                                                           | KY ST PROP 132A 4/1/26                                                                    | CUSIP: 49151F4M9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1395367.19   | 0.04%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | BURKE GA PCR 3.375% MT                                                                    | CUSIP: 121342QL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1375897.78   | 0.04%             | 2053-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CHICAGO IL OHARE ARPT 2022-XM1078-MST AGM/JPMC BK D7@                                     | CUSIP: 88035ENZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13700000 | PA      | $13700000.00  | 0.40%             | 2053-01-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| ALASKA ST                                                                                 | AK ST 5% 8/1/2027                                                                         | CUSIP: 0117706C3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $486169.26    | 0.01%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV                                   | CALIFORNIA CMY 5% 9/1/2027                                                                | CUSIP: 13013JEC6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1138009.51   | 0.03%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 4% 9/1/2025                                                               | CUSIP: 56035DDC3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400360.12    | 0.01%             | 2025-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                           | PA ST 3.35% 3/1/2030                                                                      | CUSIP: 70914PM25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $944405.74    | 0.03%             | 2030-03-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| IOWA FIN AUTH SLD DISP WST REV                                                            | IA MIDAMERICAN - BRK 16B V7@                                                              | CUSIP: 46245EAY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4600000.00   | 0.13%             | 2046-12-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 5% 7/1/2026                                                                | CUSIP: 20775DNW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202856.50    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                                                                | CHICAGO IL 5% 1/1/27                                                                      | CUSIP: 167486F87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3666004.20   | 0.11%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 8/1/2029 @                                                                | CUSIP: 735389P51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $679424.88    | 0.02%             | 2029-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST MID BAY BRIDGE AUTH                                                            | FL MID BAY BRG SR A 5% 10/1/26                                                            | CUSIP: 342814DH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $45201.67     | 0.00%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | MIAMI DADE FL ARPT 2025-ZF1933-BLK Q=JP D7@                                               | CUSIP: 88035PNZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100000.00   | 0.03%             | 2050-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY EDA WTR FACS REV                                                               | NJ EDA WTR 0.85% 12/1/2025 @                                                              | CUSIP: 645780FS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1565889.76   | 0.05%             | 2025-12-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| ALVIN TEX INDPT SCH DIST                                                                  | ALVIN TX ISD 5% 2/15/2029                                                                 | CUSIP: 022447Z41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $805479.68    | 0.02%             | 2029-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LANCASTER CNTY PA HOSP AUT REV                                                            | LANCASTER H AUT 5% 11/1/2027                                                              | CUSIP: 514045Y31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1201649.34   | 0.04%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOM DEV AUTH REV                                                            | NJ EDA REV 5% 6/15/2026                                                                   | CUSIP: 64577BSZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3375000 | PA      | $3442411.58   | 0.10%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHATTANOOGA TENN HEALTH EDL and HSG FAC BRD MULTIFAMILY HSG                               | CHATT TN HEHA 3.6% MT                                                                     | CUSIP: 162404DT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4090000 | PA      | $4113732.23   | 0.12%             | 2048-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TEXARKANA TEX INDPT SCH DIST                                                              | TEXAR TX 4% 2/15/2053 MT                                                                  | CUSIP: 881847VM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2835000 | PA      | $2843430.72   | 0.08%             | 2053-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| FLORIDA ATLANTIC UNIVERSITY FINANCE CORP                                                  | FLORIDA ATLANTI 5% 7/1/2028                                                               | CUSIP: 31200CEE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $528281.65    | 0.02%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| QUINCY MA                                                                                 | QUINCY MASS 5% 7/25/2025 BAN                                                              | CUSIP: 748508Y69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3507772.45   | 0.10%             | 2025-07-25      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 12/1/2026                                                              | CUSIP: 56035DHM7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    875000 | PA      | $893068.23    | 0.03%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                                                      | ILLINOIS FIN AT SOFR*0.7+120 MT                                                           | CUSIP: 45204E2L1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1905000 | PA      | $1903089.29   | 0.06%             | 2034-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 6/1/2026                                                               | CUSIP: 56035DJL7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    700000 | PA      | $710199.00    | 0.02%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 4% 12/1/2026                                                              | CUSIP: 56035DDT6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    245000 | PA      | $246518.00    | 0.01%             | 2026-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST GAS and FUEL TAX RV                                                          | LA GAS and FUEL SOFR+50 5/1/2043 MT                                                       | CUSIP: 546475VU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3845000 | PA      | $3835558.60   | 0.11%             | 2043-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NJ ST HSG and MTG FIN AGY MFR                                                             | NJ ST HMFA MF1 3.375% 11/1/2027                                                           | CUSIP: 6461084M9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2239718.85   | 0.07%             | 2027-11-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2027@                                                                | CUSIP: 646080XU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2787370.38   | 0.08%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TEX HSG FIN CORP MULTIFAMILY HSG REV                                            | ARLINGTON TEX 3.50% 11/1/2043 MT                                                          | CUSIP: 041818AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4999985.00   | 0.15%             | 2043-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                                  | WISCONSIN ST H 5% 8/1/2027                                                                | CUSIP: 97712JHF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5675000 | PA      | $5755022.04   | 0.17%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                            | NEW HAMPSHIRE 3.80% 7/1/2026                                                              | CUSIP: 64469MQL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1013222.20   | 0.03%             | 2026-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% MT                                                                     | CUSIP: 56035DHZ8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046044.00   | 0.03%             | 2054-04-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | ARLINGTON TEX H 2021 MS0002 D7                                                            | CUSIP: 88034YXG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12570000 | PA      | $12570000.00  | 0.37%             | 2056-06-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH RE                                                                      | MICHIGAN FIN AU 5% POOL 8/20/25 L=JPMC BANK RAN                                           | CUSIP: 59447T5R0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4514871.60   | 0.13%             | 2025-08-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | CA MHG FIDDIMENT AFFORDABLE 2024-MIZ9162 MZ/MZ D35                                        | CUSIP: 60700HVA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $950000.00    | 0.03%             | 2062-12-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% MT                                                                     | CUSIP: 56035DGT3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    310000 | PA      | $325517.70    | 0.01%             | 2054-05-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                            | NEW HAMPSHIRE 3.625% 4/1/2026                                                             | CUSIP: 64469MRK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $215612.54    | 0.01%             | 2026-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AUSTIN TEX AIRPORT SYS                                                                    | AUSTIN TX ARPT 5% 11/15/2026@                                                             | CUSIP: 052398EF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $715923.21    | 0.02%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HEALTH and HIGHER EDL FACS AUTH REV1                                          | MARYLAND ST HEA TECP                                                                      | CUSIP: 57421V4F6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5775000 | PA      | $5775224.65   | 0.17%             | 2025-07-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH SOLD WASTE DISP FACS REV                                  | WV EDA SLD WAST 0.625% 12/1/2038 MT                                                       | CUSIP: 95648VBH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1965273.40   | 0.06%             | 2038-12-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| RALEIGH DURHAM NC ARPT AUTH ARPT REV                                                      | RALEIGH NC ARPT 5% 5/1/2027 @                                                             | CUSIP: 751073LV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $134011.88    | 0.00%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | NM HAVERLAND CARTER BC22-034 BC/BC D42                                                    | CUSIP: 76252PWP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1935000 | PA      | $1935000.00   | 0.06%             | 2042-07-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| METRO NASHVLL ARPT TN                                                                     | MET NASH AIR TN 5% 7/1/2026 @                                                             | CUSIP: 592190NR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1725547.12   | 0.05%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 8/1/2025 @                                                                | CUSIP: 735389N95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $391028.08    | 0.01%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INFIRMARY HLTH SYS SPL CARE                                                               | INF HLTH SYS 5% 2/1/2026                                                                  | CUSIP: 45663NBN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503857.15    | 0.01%             | 2026-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                              | CA ST MFA SW 2% 12/1/2044 AMT                                                             | CUSIP: 13048RAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000072.30   | 0.09%             | 2044-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                                                      | ILLINOIS FIN AT 5% 5/15/2027                                                              | CUSIP: 45204ELT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $142188.48    | 0.00%             | 2027-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HEALTH and EDL FACS AUTH HEALTH FACS REV                                        | WI HLTH and EDL 5% 12/1/2026                                                              | CUSIP: 97670FBB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2176394.61   | 0.06%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ IDA REV                                                                  | MARICOPA IDA 5% MT                                                                        | CUSIP: 56682HDV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2217841.60   | 0.06%             | 2053-01-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX HOTEL OCC TX and SPL RV                                                        | HOUSTON TX HOTS 4% 9/1/2026                                                               | CUSIP: 44237NLJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $278609.79    | 0.01%             | 2026-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                              | COLORADO HEALTH 5% MT                                                                     | CUSIP: 19648FJH8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    300000 | PA      | $300445.77    | 0.01%             | 2049-08-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                       | MIAMI-DADE MFH 5% 10/1/2026 MT                                                            | CUSIP: 593344BP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2445000 | PA      | $2456928.18   | 0.07%             | 2026-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DECATUR GA HSG AUTH MULTIFAMILY HSG REV                                                   | DECATUR GA HSG 3.6% 8/1/2028 MT                                                           | CUSIP: 24311PAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1234155.53   | 0.04%             | 2028-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BROWARD CO FL ARPT                                                                        | BROW CO FL ARPT 5.25% 10/1/2025                                                           | CUSIP: 114894UY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $575618.70    | 0.02%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH HOSP REV                                                            | ARIZONA INDL DL 5% 2/1/2026                                                               | CUSIP: 04052EAG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $759388.35    | 0.02%             | 2026-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH SINGLE FAMILY MTG REV                                       | NH HFA 3.580% MT                                                                          | CUSIP: 64469D4P3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7001097.60   | 0.20%             | 2056-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TEXAS ST AFFORDABLE HSG CORP MULTIFAMILY HSG REV                                          | TX AHC MF 3.625% MT                                                                       | CUSIP: 88271FFR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1126107.81   | 0.03%             | 2045-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| Fidelity Revere Street Trust                                                              | Fidelity Municipal Cash Central Fund                                                      | CUSIP: 31635A204<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  70409101 | NS      | $70423182.93  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FORT WAYNE IN REDEV AUTH LEASE RENT REV                                                   | FT WAYNE IN RDA 4% 8/1/2026                                                               | CUSIP: 349288HP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $904328.76    | 0.03%             | 2026-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WESTFIELD IND REDEV AUTH LOC INCOME TAX LEASE RENT REV                                    | WESTFIELD REV 5% 7/1/2025                                                                 | CUSIP: 96009CAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $345430.84    | 0.01%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL ED FACS FIN CORP REV                                              | HARRIS TX CED 4% 7/1/2025                                                                 | CUSIP: 414009NY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250158.93    | 0.01%             | 2025-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDL FACS AUTH REV                                                           | NEW JERSEY ST E 5% 9/1/2027                                                               | CUSIP: 646067ES3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $417520.08    | 0.01%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| YONKERS NY                                                                                | YONKERS NY 5% 2/15/2026                                                                   | CUSIP: 986082F91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $405918.20    | 0.01%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA CO OK IDS 89 OKLA CTY                                                            | OKLAHOMA CTY OK 3% 7/1/2026                                                               | CUSIP: 678841LL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5990000 | PA      | $6000359.71   | 0.18%             | 2026-07-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| GARLAND TEX ELEC UTIL SYS REV                                                             | GARLAND TX E and U 5% 3/1/2028                                                            | CUSIP: 366133TN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1473986.08   | 0.04%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SCIOTO CNTY OH HSP FACS REV                                                               | SCIOTO OH HSP 5% 2/15/2029                                                                | CUSIP: 808878HD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $410494.16    | 0.01%             | 2029-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| E-470 PUB HWY AUTH COLO REV                                                               | E470 HWY COLO 5% 9/1/2025                                                                 | CUSIP: 26822LMM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301337.40    | 0.01%             | 2025-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA HSG FIN MULT                                                            | DC HSG MF 5% 3/1/2028                                                                     | CUSIP: 25477PQC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1068158.86   | 0.03%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | SAN JOSE CA MF HSG 2025-CF7005 CI/CI D7                                                   | CUSIP: 88035JNX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1996347 | PA      | $1996347.00   | 0.06%             | 2048-09-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NH NATL FIN AUTH UNIV HOSP HOME CARE 2024-MS0023 MO DT                                    | CUSIP: 88035HM37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4400000.00   | 0.13%             | 2030-12-15      | Variable      | 0.02%                 | Yes           |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | FL ORLANDO HLTH 2025-XF3302-NUV Q=WF D7                                                   | CUSIP: 88035MEG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100000.00   | 0.03%             | 2056-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV                                               | NYC TFA - PIT 19B-5 Q=US V1+                                                              | CUSIP: 64971XHV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.29%             | 2042-08-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| FLORIDA LOCAL GOVERNMENT FINANCE COMMISSION                                               | FL GOVT(FLGFPA)11A1 L=JP TECP                                                             | CUSIP: 34077XFB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8648000 | PA      | $8648273.28   | 0.25%             | 2025-06-03      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CAPE GIRARDEAU CNTY MO INDL DEV AUTH HEALTH CARE FACS REV                                 | CPE GIRARDEAU 5% 3/1/26                                                                   | CUSIP: 139404GL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20260.64     | 0.00%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MILWAUKEE WI                                                                              | MILWAUKEE 2% 3/1/2027                                                                     | CUSIP: 602366VT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1567554.28   | 0.05%             | 2027-03-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 9/15/26@                                                                    | CUSIP: 73358WR63<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1229156.27   | 0.04%             | 2026-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | MIAMI-DADE CNTY FL MFH SUPERIOR MANOR APTS 2022-MIZ9087 MZ/MZ D35                         | CUSIP: 60700HKP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $920000.00    | 0.03%             | 2061-11-01      | Variable      | 0.02%                 | Yes           |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 4% 3/1/2050                                                               | CUSIP: 56035DCR1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   4055000 | PA      | $4063583.22   | 0.12%             | 2050-03-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TAMPA FL HOSP REV                                                                         | TAMPA FL HOSP 5% 7/1/2027                                                                 | CUSIP: 875161CN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $155345.61    | 0.00%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HARTFORD CT                                                                               | HARTFORD CT 5% 7/15/2025                                                                  | CUSIP: 416415HV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $641568.96    | 0.02%             | 2025-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| STAFFORD CNTY VA ECONOMIC DEV AUTH HOSP FACS REV                                          | STAFFORD EDA HO 5% 6/15/25                                                                | CUSIP: 852431AZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20007.68     | 0.00%             | 2025-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CLEMSON UNIV S C HIGHER ED REV                                                            | CLEMSON UNIV SC 5% 5/1/2028                                                               | CUSIP: 185630C73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $460556.55    | 0.01%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CASTAIC LAKE WTR AGY CA CTFS                                                              | CASTAIC LK WTR 0% 8/1/2028                                                                | CUSIP: 14837KBA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $204352.97    | 0.01%             | 2028-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CLEMSON UNIV S C HIGHER ED REV                                                            | CLEMSON UNIV SC 5% 5/1/2029                                                               | CUSIP: 185630C81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $510894.99    | 0.01%             | 2029-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NJ TRANSP 0% 12/15/27                                                                     | CUSIP: 646136XE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $133214.89    | 0.00%             | 2027-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL                                                                              | COOK CY IL 4% 11/15/2025                                                                  | CUSIP: 213185MC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $466569.14    | 0.01%             | 2025-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW HAVEN CT                                                                              | NEW_HAVEN CT 5% 8/1/2028                                                                  | CUSIP: 645021DL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $751510.08    | 0.02%             | 2028-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SPENCER EAST BROOKFIELD MASS R                                                            | SPENCER EAST BR 3.75% 12/18/2025                                                          | CUSIP: 847881EH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5007100.00   | 0.15%             | 2025-12-18      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CA PUB PWR AUTH                                                                  | SOUTHERN CA PUB 5% 9/1/2029                                                               | CUSIP: 84247PNB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $680264.85    | 0.02%             | 2029-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST STUDENT LN                                                                | RI STUD LN 5% 12/1/2028 @                                                                 | CUSIP: 762315RA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $506744.48    | 0.01%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BROWARD CO FL ARPT                                                                        | BROW CO FL ARPT 5% 10/1/2027 @                                                            | CUSIP: 114894YC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1292704.13   | 0.04%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RENO TAHOE ARPT AUTH NV ARPT REV                                                          | RENO TAHOE ARPT 5% 7/1/2027 @                                                             | CUSIP: 759874BR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $205703.78    | 0.01%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA HIGHER ED and HEALTH AUTH REV                                          | PA THO JFFRSN U 18D RFLOAT V7                                                             | CUSIP: 613603ZL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6700000 | PA      | $6700000.00   | 0.20%             | 2050-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY INST TECHNOLOGY                                                                | NEW JERSEY INST 5% 7/1/2029                                                               | CUSIP: 64579RDM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $623497.68    | 0.02%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GUAM POWER AUTH.                                                                          | GUAM POWER AUTH 5% 10/1/2025 Q                                                            | CUSIP: 400653JQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $873962.76    | 0.03%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH BRDG and TUNL NY RETT                                                          | TRIBOROUGH BRID 5% 12/1/2027                                                              | CUSIP: 896032AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2105814.40   | 0.06%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CITY HSG DEV CORPMULTIFAMILY HSG REV                                                      | CITY HSG DEV CO 3.73% MT                                                                  | CUSIP: 64972E4L0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003269.20   | 0.03%             | 2063-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TULSA CNTY OK INDL AUTH EDL FACS LEASE REV                                                | TULSA IDA EDL 4% 9/1/2025                                                                 | CUSIP: 89952PFZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $691029.83    | 0.02%             | 2025-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HEALTH CARE AUTH FOR BAPT HLTH ALA                                                        | HLTH BAPTIST AL 5% 11/15/2025                                                             | CUSIP: 42219UBU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1298055.79   | 0.04%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH SWR SYS REV                                                              | HAMILTON OH SWR 5% 12/1/2025                                                              | CUSIP: 407288H28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $706692.49    | 0.02%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | AZ MFH SAFFORD PRJ 2023-XF3174-AMR MZ/MZ D7                                               | CUSIP: 88035GT24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4815000 | PA      | $4815000.00   | 0.14%             | 2041-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | AL SE ENERGY G=MO 2022-XM1062-ALL Q=MO D7                                                 | CUSIP: 88035DX26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600000.00   | 0.05%             | 2053-01-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| KENT MI HOSP FIN AUTH                                                                     | KENT MI HOSP SPECTRUM HLTH 15A OT WIN                                                     | CUSIP: 490580EG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $965000.00    | 0.03%             | 2047-01-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER and EXPOSITION AUTH ILL DEDICATED ST TAX REV                            | MET PIER and EXPO 5% 12/15/2028                                                           | CUSIP: 592250FH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033189.10   | 0.03%             | 2028-12-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARIZONA HEALTH FACS AUTH REV                                                              | AZ HLTH REV 0% 1/1/2046 MT                                                                | CUSIP: 040507QQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $394287.34    | 0.01%             | 2046-01-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVS NONST SUPPORTED DEBT                                           | NEW YORK DORM 5% 7/1/2027                                                                 | CUSIP: 65000BKX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $517298.55    | 0.02%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 12/1/2025                                                              | CUSIP: 56035DJA1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2617435.08   | 0.08%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BREVARD CNTY FL HEALTH FAC                                                                | BREVARD CNTY FL 5% 4/1/2026 Q                                                             | CUSIP: 107416QR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $294024.94    | 0.01%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT PORTLAND OR ARPT REV                                                                 | PORTLND OR ARPT 5% 7/1/2025 @                                                             | CUSIP: 735240Z71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2115000 | PA      | $2117743.37   | 0.06%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHATANOOGA TN HEALTH ED and HSG FAC BRD REV                                               | CHTNOOGA TN COMNSPIRIT HLTH V7                                                            | CUSIP: 162410CB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5200000.00   | 0.15%             | 2039-05-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TPK COMMN TPK                                                             | PA TPK 5% 6/1/2029                                                                        | CUSIP: 709224XD6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    690000 | PA      | $712663.26    | 0.02%             | 2029-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 6% 5/1/2026                                                                         | CUSIP: 452152W72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $901044.14    | 0.03%             | 2026-05-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MASSAPEQUA NY UN FREE SCH DIST                                                            | MASSAPEQUA UFSD 2% 10/1/2031                                                              | CUSIP: 576097MK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $461966.07    | 0.01%             | 2031-10-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE and JEFFERSON CNTY KY METRO GOVT HEALTH SYS REV                                | LOUIS/JEFF HLTH 5% 10/1/2027                                                              | CUSIP: 54659LCK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1769698.13   | 0.05%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | ORLANDO HLTH FL 2025-XM1222-LA Q=WF D7                                                    | CUSIP: 88035MWQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1800000.00   | 0.05%             | 2056-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HEALTH and EDL BLDG CORP HIGHER ED FAC REV                                   | RI HLTH and EDL 5% 6/1/2028                                                               | CUSIP: 762197S77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $368951.52    | 0.01%             | 2028-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                  | MINNESOTA ST HS 5.75% 7/1/2053                                                            | CUSIP: 60416TQ68<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    110000 | PA      | $116327.18    | 0.00%             | 2053-07-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTY DV AU RV                                                            | CA STWD .33% 07/01/2041                                                                   | CUSIP: 130795DH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5475000 | PA      | $5475000.00   | 0.16%             | 2041-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| APPLING CNTY GA DEV AUTH PCR                                                              | GA OGLETHORPE PWR HATCH 13A V7                                                            | CUSIP: 038315EX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.12%             | 2038-01-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                            | PORT ARTHUR NAV DIST TX ENVIR VAR-REF-MOTIVA ENTERPRISES PJ ***AMT***                     | CUSIP: 735220AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  39015000 | PA      | $39015000.00  | 1.14%             | 2027-12-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                                   | WA ST HLTH CAR 5% 8/1/2049 MT                                                             | CUSIP: 93978HVA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8870000 | PA      | $8883179.93   | 0.26%             | 2049-08-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DELAWARE OH                                                                               | DELAWARE OH 4.50% 7/1/2025                                                                | CUSIP: 246181UN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3650000 | PA      | $3652444.04   | 0.11%             | 2025-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH NY RV                                                            | NY MTA TRANSP 5% 11/15/2027                                                               | CUSIP: 59261AJM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1097385.37   | 0.03%             | 2027-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA VA REDV and HSG AU MFH                                                         | ALEXANDRIA MFH 3.4% MT                                                                    | CUSIP: 015330FB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3998718.80   | 0.12%             | 2054-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| VINTON TECUMSEH SCH BLDG CORP IN                                                          | VINTON TECUMSEH 3% 7/15/2025                                                              | CUSIP: 927557NG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $514625.39    | 0.02%             | 2025-07-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| UTAH CNTY UTAH HOSP REV                                                                   | UT CNTY UT HOSP 5% MT                                                                     | CUSIP: 917393DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2430000 | PA      | $2473773.53   | 0.07%             | 2060-05-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ HGR ED STUD LOAN 25-2 MT@                                                              | CUSIP: 646080YZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2024832.80   | 0.06%             | 2056-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FLA HEALTH CARE FACS REV                                                     | JCKSNVL FL BAPTIST HLTH 19D V7                                                            | CUSIP: 469400DZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $190000.00    | 0.01%             | 2036-08-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| RAILSPLITTER TOB SETTLEMENT AUTH ILL TOB SETTLEMENT REV                                   | RAILSPLITTER IL 5% 6/1/26                                                                 | CUSIP: 75076PAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $959292.75    | 0.03%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH MIAMI FL HLTH FCS HSP RV                                                            | SOUTH MIAMI FL 5% 8/15/25                                                                 | CUSIP: 838810DN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002714.80   | 0.03%             | 2025-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CVC IMP CRP APR REV                                                            | PHX CVC APT REV 5% 7/1/2025 @                                                             | CUSIP: 71883MQH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1101128.82   | 0.03%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 9/1/2025                                                               | CUSIP: 56035DES7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    700000 | PA      | $702068.57    | 0.02%             | 2025-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 5% 7/1/2027                                                               | CUSIP: 74440DEG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $589771.18    | 0.02%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AUSTIN AFFORDABLE PFC INC TEXMULTIFAMILY HSG REV                                          | AUSTIN AFFORDAB 5% MT                                                                     | CUSIP: 05217TAS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1093636.11   | 0.03%             | 2028-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE TX INDPT SCH DIST                                                               | NTHSIDE TX ISD 3.45% G=PSF 8/1/2054 MT                                                    | CUSIP: 66702RK92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8835000 | PA      | $8831258.38   | 0.26%             | 2054-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH MFREV                                                            | MI HDA MF 3.8% MT                                                                         | CUSIP: 594650UL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2007039.60   | 0.06%             | 2041-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 12/1/2025                                                                        | CUSIP: 452152S44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $716194.40    | 0.02%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUN PWR REV                                                                      | AMERICAN MUN OH 5% 2/15/2027                                                              | CUSIP: 02765USZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $715791.83    | 0.02%             | 2027-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV                                               | NYC TFA (PIT) 5% 11/1/2027                                                                | CUSIP: 64971XZA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $814158.74    | 0.02%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY COLO ENTERPRISE SYS                                                            | UNIVERSITY COL CO 2% MT                                                                   | CUSIP: 91417NCZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1351112.40   | 0.04%             | 2051-06-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| CITY HSG DEV CORPMULTIFAMILY HSG REV                                                      | CITY HSG DEV CO 3.7% MT                                                                   | CUSIP: 64972E4M8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6012388.20   | 0.18%             | 2063-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY CONNECTICUT                                                                    | UCONN(STATE DS) 5% 11/1/2025                                                              | CUSIP: 914233V99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $226810.24    | 0.01%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | ANCHORAGE AK PORT REV 2025-XF3381-INV E-AGC/Q=WF D7@                                      | CUSIP: 88035PJP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2740000 | PA      | $2740000.00   | 0.08%             | 2050-02-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA THIRD LIEN ARPT GENREV IAM COML PAPER NTS 3/A2 SER H-1                         | ATLANTA GA THIR TECP 3.23% 06/26/25                                                       | CUSIP: 04780QAF7<br>LEI: 549300GHLQ0J51NUBM84 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7001260.00   | 0.20%             | 2025-06-26      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD TX ARPT MOD REV                                                                | LOVE FLD MOD TX 5% 11/1/2027 @                                                            | CUSIP: 54714CBT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $428584.69    | 0.01%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 7/1/2026                                                                       | CUSIP: 62620HGT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $316582.29    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARYLAND HEALTH and HIGHER EDUCATIONAL FACILITIES AUTHORITY                               | MARYLAND HEALTH 5% 7/1/2027                                                               | CUSIP: 57421CEF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1401873.45   | 0.04%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA DEV AUTH PCR                                                               | MONROE GA PCR 3.875% MT                                                                   | CUSIP: 610530FV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1253451.63   | 0.04%             | 2042-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | OK MFH DUNCAN PL 2022-MIZ9103 MZ/MZ D35                                                   | CUSIP: 60700HNB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1282736 | PA      | $1282736.00   | 0.04%             | 2062-08-01      | Variable      | 0.02%                 | Yes           |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                            | PRT ARTHR TX MTVA10D Q=SELF V7                                                            | CUSIP: 735220AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1800000.00   | 0.05%             | 2040-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE TX INDPT SCH DIST                                                               | NTHSIDE TX ISD 3% MT                                                                      | CUSIP: 66702RH54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5220000 | PA      | $5183624.95   | 0.15%             | 2053-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | BUFORD GA MF HSG AUTH 2023-XF3118-AMR MZ/MZ D7                                            | CUSIP: 88035FN48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600000.00   | 0.05%             | 2041-03-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA WTR and SWR AUTH                                                            | PITT WTR and SWR 5% 9/1/2028                                                              | CUSIP: 725304YU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $291434.36    | 0.01%             | 2028-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH REV                                                                     | IL FIN 5% 11/15/25                                                                        | CUSIP: 45203H4T6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $170917.44    | 0.01%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA WTR and WASTEWTR REV                                                           | ATL WTR(ATLWWA)24A2 L=TD TECP                                                             | CUSIP: 04787YAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1424000 | PA      | $1424044.00   | 0.04%             | 2025-06-03      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL ED FACS FIN CORP HOSP REV                                        | TARRANT EFFC HO 5% MT                                                                     | CUSIP: 87638QSF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10725000 | PA      | $10858838.35  | 0.32%             | 2052-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2028 @                                                                | CUSIP: 5444452H1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6515000 | PA      | $6784418.70   | 0.20%             | 2028-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST PORT AUTH REV                                                            | MA PORT 5% 7/1/2025@                                                                      | CUSIP: 575896SA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25026.75     | 0.00%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CENTRAL TX REGL MOBILITY AUTH REV                                                         | CTR TX RMA 5% 1/1/2026                                                                    | CUSIP: 155498HJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $126256.70    | 0.00%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CLIFTON TEX HIGHER ED FIN CORP ED REV                                                     | CLIFTON TEX HIG 5% 8/15/2027                                                              | CUSIP: 187145SX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $354170.52    | 0.01%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 9/1/2028                                                               | CUSIP: 56035DGL0<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    900000 | PA      | $939947.76    | 0.03%             | 2028-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FORT BEND TX INDPT SCH DIST                                                               | FT BEND TX ISD 0.72% MT                                                                   | CUSIP: 346843SZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2002139.78   | 0.06%             | 2051-08-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| MILWAUKEE WI                                                                              | MILWAUKEE 5% 4/1/2028                                                                     | CUSIP: 602366W28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1773338.29   | 0.05%             | 2028-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FLA SPL REV                                                                  | JACKSONVILLE F 5% 10/1/2027                                                               | CUSIP: 469487TC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $57567.82     | 0.00%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HALIFAX CNTY VA INDL DEV AUTH POLLUTION CTL REV VRDO IAM COML PAPER 3/A2 SER 1992         | HALIFAX CNTY VA 3.8% MT                                                                   | CUSIP: 40579PAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1024061.62   | 0.03%             | 2041-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 1/1/2027                                                                       | CUSIP: 62620HJE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1543663.80   | 0.05%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 5% 7/1/2026                                                               | CUSIP: 74440DEF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507158.75    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                                  | WISCONSIN ST H 5% 2/15/2027                                                               | CUSIP: 97712JKD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $811784.09    | 0.02%             | 2027-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HSG FIN AGY SINGLE FAMILY MTG REV                                                | OK HSG FIN AGY 6% 3/1/2054                                                                | CUSIP: 67886MA25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $54169.50     | 0.00%             | 2054-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                       | ILLINOIS FN RV 5% 10/1/2025                                                               | CUSIP: 45204FQS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $260502.48    | 0.01%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BOARD                                                             | N ORLEANS AVIAT 5% 1/1/2026@                                                              | CUSIP: 64763HGV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $216989.40    | 0.01%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TOHOPEKALIGA WTR AUTH FL UTIL SYS REV                                                     | TOHOPEK WTR AU 5% 10/1/2025                                                               | CUSIP: 88906RFC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2514185.00   | 0.07%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REV                                                                   | HOUSTON TX ARPT 5% 7/1/2028 @                                                             | CUSIP: 442349GD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4176180.80   | 0.12%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                                   | WA ST HLTH CAR 5% 8/15/2025                                                               | CUSIP: 93978HSD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $205598.54    | 0.01%             | 2025-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 5% 8/1/2025                                                               | CUSIP: 74440DEM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500854.10    | 0.01%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HEALTH and EDL BLDG CORP HIGHER ED FAC REV                                   | RI HLTH and EDL 5% 6/1/2032                                                               | CUSIP: 762197T35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $510205.07    | 0.01%             | 2032-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2027 @                                                            | CUSIP: 392274P91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511144.75    | 0.01%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD TX ARPT MOD REV                                                                | LOVE FLD MOD TX 5% 11/1/2025 @                                                            | CUSIP: 54714CAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005774.50   | 0.03%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                                | DETROIT MI 5% 5/1/2028                                                                    | CUSIP: 2510936J4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $676427.31    | 0.02%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ALA GAS SUPPLY DISTGAS SUPPLY REV                                               | SOUTHEAST ALA 5% 4/1/2026                                                                 | CUSIP: 84131TAT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1516656.60   | 0.04%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                                               | PHIL PA AIRPORT 5% 7/1/2025 @                                                             | CUSIP: 717817TX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $440429.84    | 0.01%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC ARPT REV                                                                     | CHARLOTTE NC APT 5% 7/1/25@                                                               | CUSIP: 161036MR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100119.04    | 0.00%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2026 @                                                                | CUSIP: 544445W54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $445839.99    | 0.01%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY MN                                                                             | UNIV MN(UMINNH)H Q=SELF TECP                                                              | CUSIP: 91447RCC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1599997.60   | 0.05%             | 2025-09-18      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| ALLEG CNTY PA DEV AUTH                                                                    | ALLGNY CNTY HDA 0% 11/15/2047                                                             | CUSIP: 01728A5V4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3963165.60   | 0.12%             | 2047-11-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY N Y INDL DEV CORP                                                             | MONROE NY IDC 5% 12/1/2028                                                                | CUSIP: 61075TWB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050235.50   | 0.03%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ED LN AUTH ED LN                                                            | MA ED LN AUTH 5% 1/1/2026 @                                                               | CUSIP: 57563RLK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7013835.50   | 0.21%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP REV                                                             | MD EDC 5% 6/1/2026                                                                        | CUSIP: 574205GT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $607858.80    | 0.02%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 6/1/2030                                                               | CUSIP: 56035DJU7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    250000 | PA      | $264140.68    | 0.01%             | 2030-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                                                      | ILLINOIS FIN AT 5% 5/15/2026                                                              | CUSIP: 45204ELS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20237.33     | 0.00%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                          | NEW JERSEY ECN 5% 11/1/2026                                                               | CUSIP: 64577XDL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1130255.61   | 0.03%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CUYAHOGA OHIO MET HSG AUTH MULTIFAMILY HSG REV                                            | CUYAHOGA OHI 0% 2/1/2028                                                                  | CUSIP: 23239TAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4440000 | PA      | $4453394.15   | 0.13%             | 2028-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                           | PA ST 5% 9/1/2027                                                                         | CUSIP: 70914P2A9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047330.30   | 0.03%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 10/1/2025 AMT                                                               | CUSIP: 73358WZY3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1069909.76   | 0.03%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 5/1/2026 @                                                                | CUSIP: 735389C55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $462493.94    | 0.01%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PTY and BLDGS COMMN                                                           | KY ST PROP 4% 8/1/2025                                                                    | CUSIP: 49151FLA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200205.96    | 0.01%             | 2025-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOM DEV AUTH REV                                                            | NJ EDA REV 5.25% 9/1/2025                                                                 | CUSIP: 64577B6J8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3014808.60   | 0.09%             | 2025-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOUISA VA                                                                                 | LOUISA VA IDA 3.65% MT                                                                    | CUSIP: 546068AX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3950000 | PA      | $3978107.41   | 0.12%             | 2035-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | WASTE MANAGEMENT PUTS 1.7% 8/3/2020@                                                      | CUSIP: 708692BJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11300000 | PA      | $11302079.20  | 0.33%             | 2037-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WESTFIELD WASHINGTON IND MULTI                                                            | WSTFLD WA SCH 5% 7/15/2028                                                                | CUSIP: 96023PNL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1240088.89   | 0.04%             | 2028-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO PLANNED INDL EXPANSION AUTH MULTIFAMILY HSG REV                            | KANSAS CITY MSR 5% MT                                                                     | CUSIP: 48507MAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1293071.09   | 0.04%             | 2045-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY MN                                                                             | UNIV MN(UMINNH)H Q=SELF TECP                                                              | CUSIP: 91447RCB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4500404.55   | 0.13%             | 2025-08-07      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PCF SOLID WST DISP                                                             | CAL PCR SWDR 4.25% 7/1/2043 MT @                                                          | CUSIP: 130536RN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6600000 | PA      | $6593743.86   | 0.19%             | 2043-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 11/1/2026                                                                      | CUSIP: 6262076H2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $893158.36    | 0.03%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC NY 5% 8/1/2028                                                                        | CUSIP: 64966SFR2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2874090.06   | 0.08%             | 2028-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NY MTA TRANSP 2022-XF1321-LA Q=JPMC BK D7                                                 | CUSIP: 88035AUM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1595000.00   | 0.05%             | 2055-11-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2032 @                                                            | CUSIP: 392274Q58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511144.75    | 0.01%             | 2032-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                                  | NY TRANS CORP 5% 12/1/2025 @                                                              | CUSIP: 650116DE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $3066291.58   | 0.09%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURLINGTON KANS ENVR IMPRV REV                                                            | BRLNGTN KS EVERGY METRO 07A V7                                                            | CUSIP: 121822AY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.15%             | 2035-09-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST ENERGY RDA PCR                                                                | NY ST ENERGY RESH and DEV AUTH POLLN CTL REV ADJ-REF-KEYSPAN GENERATION-A/AMBAC           | CUSIP: 649845FA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300000.00    | 0.01%             | 2028-10-01      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BOARD                                                             | N ORLEANS AVIAT 5% 1/1/2027@                                                              | CUSIP: 64763HLY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1464947.77   | 0.04%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW CANEY TX INDPT SCH DIST NEW                                                           | NEW CANEY TX NE 5% 2/15/2029                                                              | CUSIP: 643154LG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1503562.06   | 0.04%             | 2029-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ POLLUTION CTL                                                            | MARICOPA AZ PUB SVC 09D V7                                                                | CUSIP: 566854ES0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3300000.00   | 0.10%             | 2029-05-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| CHESTERFLD                                                                                | CHESTRFLD CO VA 3% 1/1/2026                                                               | CUSIP: 1663934Y1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4992231.00   | 0.15%             | 2026-01-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG                                                              | CT SPEC TAX 5% 10/1/2031                                                                  | CUSIP: 207758YF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $528218.00    | 0.02%             | 2031-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PIB IMPTBD BK LO INCOME TAX REV                                      | INDIANAPOLIS IR 5% 7/15/2028                                                              | CUSIP: 45527CDG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $291747.61    | 0.01%             | 2028-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MET AIRPORT COMMIS                                                            | MN MAC PORT REV 5% 1/1/2026                                                               | CUSIP: 603827F92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $384371.44    | 0.01%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CAPITAL AREA HSG FIN CORP TEX MULTI FAMILY HSG REV                                        | CAP AREA HFC TX 3.125% MT                                                                 | CUSIP: 139726CZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2660000 | PA      | $2660217.32   | 0.08%             | 2029-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY WASH UNIV REVS                                                                 | UNIV WASHINGTON 5% 4/1/2026 PRE                                                           | CUSIP: 91523NZL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $264479.02    | 0.01%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VALLEY STREAM N Y                                                                         | VALLEY STREM NY 5.125% 5/8/2026                                                           | CUSIP: 920100X58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3015440.70   | 0.09%             | 2026-05-08      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NJ HLTH CARE FACS FING AUTH DEPT HUMAN SVCS LEASE                                         | NJ HLTH CARE FA 5% 9/15/2027                                                              | CUSIP: 64579XEN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $609959.08    | 0.02%             | 2027-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                            | CHICAGO OHARE 5% 1/1/2027 @                                                               | CUSIP: 1675935K4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7686785.25   | 0.22%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OREGON ST                                                                                 | OR ST 5% 6/1/2027                                                                         | CUSIP: 68609UPT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1163401.82   | 0.03%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 4/1/2027 @                                                                | CUSIP: 735389G51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515658.80    | 0.02%             | 2027-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COM SF MTG                                                            | MO ST HSG 3.25% 11/1/2052                                                                 | CUSIP: 60637BN30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $83556.37     | 0.00%             | 2052-11-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NY MTA DEDICATED TAX FUND                                                                 | NY MTA DED 5% 11/15/2026                                                                  | CUSIP: 59259N2T9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1087885.62   | 0.03%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SEATTLE WASH HSG AUTH REV                                                                 | SEATTLE WA HSG 5% 6/1/2027                                                                | CUSIP: 812636PA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $662603.96    | 0.02%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHAMPAIGN CNTY ILL CMNTY UNIT SCH DIST NO 004                                             | CHAMPAIGN IL CM 0% 1/1/2026                                                               | CUSIP: 158249MJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $782275.04    | 0.02%             | 2026-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| COBB CNTY GA KENNESTONE HOSP                                                              | GA WELLSTAR HLTH 25A L=BA V7                                                              | CUSIP: 190813TK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6200000 | PA      | $6200000.00   | 0.18%             | 2047-04-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                          | NEW JERSEY ECN 5% 6/15/2026                                                               | CUSIP: 64577XET9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1970000 | PA      | $2009348.39   | 0.06%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA URBAN RESDTL FIN AUTH MF HSG REV                                               | ATLANTA GA URBAN RESDTL FIN 3.4% MT                                                       | CUSIP: 04785VBX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2508254.50   | 0.07%             | 2029-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BROWARD CO FL ARPT                                                                        | BROW CO FL ARPT 5% 10/1/2026 @                                                            | CUSIP: 114894YB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021297.40   | 0.03%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD TX ARPT MOD REV                                                                | LOVE FLD MOD TX 5% 11/1/2026 @                                                            | CUSIP: 54714CBS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $413522.09    | 0.01%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTY DV AU RV                                                            | CA STWD 5% 7/1/2040                                                                       | CUSIP: 130795DK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8275000 | PA      | $8275000.00   | 0.24%             | 2040-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| LAS VARAS PUB FAC CORP TEX MULTIFAMILY HSG REV                                            | LAS VARAS PUB F 3.75% 11/1/2025                                                           | CUSIP: 51766AAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3100365.80   | 0.09%             | 2025-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST MUN PWR AGY REV                                                                | FL MUNI PWR 5% 10/1/2028                                                                  | CUSIP: 342816J22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1434657.44   | 0.04%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TRIMBLE CNTY KY ENVIRONMENTAL FACS REV                                                    | TRIMBLE CNTY KY 0% 6/1/2054 @                                                             | CUSIP: 896221AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8980000 | PA      | $9036774.25   | 0.26%             | 2054-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5% 6/1/2026                                                                | CUSIP: 09182TBH9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1154708.28   | 0.03%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD PROJ REV                                                                     | BALT MD WTR 5% 7/1/2029                                                                   | CUSIP: 05922KZG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $775758.12    | 0.02%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC and GAS REV                                                           | SAN ANTONIO E and G 5% 2/1/2026                                                           | CUSIP: 79625GED1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $552021.73    | 0.02%             | 2026-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BRISTOL-WARREN RI REGL SCH DIS                                                            | BRISTOL-WAR RI 5% 06/04/26 BAN                                                            | CUSIP: 110377DP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5091508.00   | 0.15%             | 2026-06-04      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                                                             | CA ST 5% 3/1/2028                                                                         | CUSIP: 13063EMP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65100.36     | 0.00%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WYOMING CMNTY DEV AUTH HSG RE                                                             | WYOMING CMNTY 3.50% 6/1/2052                                                              | CUSIP: 98322QB22<br>LEI: 549300UQ62NB8FGTHW65 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1030755.86   | 0.03%             | 2052-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| YONKERS NY                                                                                | YONKERS NY 5% 2/15/2026                                                                   | CUSIP: 986082H73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $324846.78    | 0.01%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST MUN PWR AGY REV                                                                | FL MUNI PWR 5% 10/1/2026                                                                  | CUSIP: 342816S71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $308021.16    | 0.01%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV FOR ISSUES DATED PRIOR TO 12/20/2017 SEE 7 | PENNSYLVANIA H7 5% 10/1/2026                                                              | CUSIP: 70879QPG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $287371.39    | 0.01%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BARTOW CNTY GA DEV AUTH SOLIDWASTE DISP FAC REV                                           | GA PWR - SOUTHERN CO 22-1 V1@                                                             | CUSIP: 06964KAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4420000 | PA      | $4420000.00   | 0.13%             | 2062-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2025 @                                                               | CUSIP: 646080VK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $705524.96    | 0.02%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACS AUTH REV                                                 | WISCONSIN ST HT 5% 12/1/2025                                                              | CUSIP: 97712DW77<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125916.83    | 0.00%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS EDA HOSP                                                              | SC JOB EDA HOSP 0% 12/1/2048                                                              | CUSIP: 83703EMP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200971.94    | 0.01%             | 2048-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REV                                                                       | ATLANTA GA ARPT 5% 7/1/2026 @                                                             | CUSIP: 04780MD55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018235.50   | 0.03%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HSG and MTG FIN CP                                                           | RI HSG 5% 4/1/2027                                                                        | CUSIP: 76221RT60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36188.94     | 0.00%             | 2027-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DENVER COLO CONVENTION CTR HOTEL AUTH REV                                                 | DENVER CO CONV 5% 12/1/2025                                                               | CUSIP: 249189DD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1908036.05   | 0.06%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARIZONA HEALTH FACS AUTH REV                                                              | AZ HLTH REV 3.09% 1/1/2046                                                                | CUSIP: 040507QT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2025000 | PA      | $2005707.83   | 0.06%             | 2046-01-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                       | MIAMI-DADE MFH 5% 3/1/2027 MT                                                             | CUSIP: 593344BR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $777365.22    | 0.02%             | 2027-03-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ARKANSAS ST DEV FIN AUTH EXEMPT FACS REV                                                  | AR GREEN BAY PKGNG 25 L=WF V7@                                                            | CUSIP: 041082AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.15%             | 2052-05-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY MD REV                                                                    | MONTGOMERY MD CHE TRINITY HLTH 13MD MT                                                    | CUSIP: 61336PES6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14500000 | PA      | $14500000.00  | 0.42%             | 2041-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA HSG FIN MULT                                                            | DC HSG MF 3.65% MT                                                                        | CUSIP: 25477PQA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1805109.21   | 0.05%             | 2028-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                            | NEW HAMPSHIRE 3.70% 1/1/2027                                                              | CUSIP: 64469MRL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $673018.55    | 0.02%             | 2027-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH HOSP REV                                                   | WV UNIV HLTH 18E RFLOAT V7                                                                | CUSIP: 956622P32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $3050000.00   | 0.09%             | 2033-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC GO FY21-2 Q=SELF V8+                                                                  | CUSIP: 64966QWQ9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.06%             | 2042-04-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HEALTH and EDL BLDG CORP HIGHER ED FAC REV                                   | RI HLTH and EDL 5% 6/1/2030                                                               | CUSIP: 762197S93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $362015.64    | 0.01%             | 2030-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REV                                                                   | IN FIN REV 5% 9/1/25                                                                      | CUSIP: 45506DZY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $602337.54    | 0.02%             | 2025-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VIRGINIA PORT AUTH PORT FAC RE                                                            | VA ST PORT FAC 5% 7/1/2031 AMT                                                            | CUSIP: 928077GZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300331.41    | 0.01%             | 2031-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | GA PWR - SOUTHERN CO 12-3 V1@                                                             | CUSIP: 121342NQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600000.00   | 0.05%             | 2052-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | FL GT ORLANDO ARPT 2022-XM1093-ALL Q=JPMC BK D1@                                          | CUSIP: 88035EZM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.03%             | 2036-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV                                                            | NYS UDC 5% 3/15/2029                                                                      | CUSIP: 650035U30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $427154.95    | 0.01%             | 2029-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH NY RV                                                            | NY MTA TRANSP 5% 11/15/2028                                                               | CUSIP: 59261APY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $688245.43    | 0.02%             | 2028-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNIVWRISYT WIS HSP and CLNCS AUTH                                                         | UNIV WI HOSP 5% 4/1/2026                                                                  | CUSIP: 915260EX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508383.50    | 0.01%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HEALTH and ED FACSAUTH REV MEMORIAL HOSP                                    | NEW HAMPSHIRE H 3.3% MT                                                                   | CUSIP: 64461XJZ9<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2755420.80   | 0.08%             | 2038-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                       | MIAMI-DADE MFH 3.4% 1/1/2045                                                              | CUSIP: 593344BY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5005973.00   | 0.15%             | 2045-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                                | DETROIT MI 5% 5/1/2029                                                                    | CUSIP: 2510936K1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $305043.52    | 0.01%             | 2029-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PORTS AUTH                                                              | SC PORT AUTH 5.25% 7/1/2050 AMT                                                           | CUSIP: 837123GM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12275000 | PA      | $12292501.70  | 0.36%             | 2050-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WAYNE ST UNIV MI UNIV REVS                                                                | WAYNE ST U MI 5% 11/15/2027                                                               | CUSIP: 946303H49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $524642.80    | 0.02%             | 2027-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PIB IMPTBD BK LO INCOME TAX REV                                      | INDIANAPOLIS IR 5% 7/15/2030                                                              | CUSIP: 45527CDL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $298677.36    | 0.01%             | 2030-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2025 @                                                               | CUSIP: 646080XA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1814207.04   | 0.05%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP                                         | RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP 5% 5/15/2028                            | CUSIP: 76219MAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $950621.58    | 0.03%             | 2028-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SHAWNEE CNTY KS MF HSG REVENUE                                                            | COUNTY OF SHAWNEE KS 3.75% 5/1/2059 MT                                                    | CUSIP: 82056AAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1708763.84   | 0.05%             | 2059-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| FLA HSG FIN CORP MULTIFAMILY MTG REV                                                      | FL MHSG 5% 2/1/2027 MT                                                                    | CUSIP: 34074HGZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $267775.00    | 0.01%             | 2027-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVS NONST SUPPORTED DEBT                                           | NEW YORK DORM 5% 7/1/2026                                                                 | CUSIP: 65000BKW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203540.32    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST MTG AGY HOMEOWNERMTG REV                                                      | NEW YORK ST MTG 3.70% 4/1/2026 @                                                          | CUSIP: 64988YSN8<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |    955000 | PA      | $948883.89    | 0.03%             | 2026-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                              | CA ST MFA SW 0% 10/1/2045 MT @                                                            | CUSIP: 13048RAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9750000 | PA      | $9749716.28   | 0.29%             | 2045-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BUTLER CNTY OH HOSP FACS REV                                                              | BUTLER OH HSP 5% 11/15/2027                                                               | CUSIP: 123550HL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1074361.70   | 0.03%             | 2027-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST UNIV CTFS PARTN                                                               | KENTUCKY ST UNI 5% 11/1/2025                                                              | CUSIP: 491588AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $281955.60    | 0.01%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN JOAQUIN VALLEY CLEAN ENERGY AUTHORITY                                                 | SAN JOAQUIN VALLEY CLEAN ENERGY AUTHORITY 5% 7/1/2028                                     | CUSIP: 79811YAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033696.40   | 0.03%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CLARK COUNTY NV MCCARRAN AIR                                                              | CLARK CO NV PFC SER B 5% 7/1/2025@                                                        | CUSIP: 181006HB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $665797.07    | 0.02%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORPMULTIFAMILY HSG REV                                         | NY NY CITY HS 3.625% MT                                                                   | CUSIP: 64972KCN3<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    765000 | PA      | $770579.22    | 0.02%             | 2063-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL AIRPORT                                                                       | LEE FL AIRPORT 5% 10/1/2025 @                                                             | CUSIP: 523470GQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $928958.26    | 0.03%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/26@                                                                   | CUSIP: 544445BQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $136791.81    | 0.00%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL ED FACS FIN CORP REV                                             | TARRANT TX EDFC 5% 2/15/2026                                                              | CUSIP: 87638TFE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35505.31     | 0.00%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT MORROW ORE FULL FAITH and CR OBLIGS                                                  | PORT OR 4% 12/1/2025                                                                      | CUSIP: 73473RER2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150510.93    | 0.00%             | 2025-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GRETNA NEB CTFS PARTN                                                                     | GRETNA NEB CTFS 4% 12/15/2025                                                             | CUSIP: 397806AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2620000 | PA      | $2620917.52   | 0.08%             | 2025-12-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL ARPT SYS                                                               | PALM BCH ARPT 5% 10/1/2026 @                                                              | CUSIP: 696499FA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $107236.23    | 0.00%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                  | MINNESOTA ST HS 5% 8/1/2025                                                               | CUSIP: 60416TTB4<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1158411.52   | 0.03%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HEFA EDL FACS REV                                                             | MO HEFA EDL 0% 5/1/2052 MT                                                                | CUSIP: 60637ATR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10481381.00  | 0.31%             | 2052-05-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE and JEFFERSON CNTY KY METRO GOVT HEALTH SYS REV                                | LOUIS/JEFF HLTH 5% 10/1/2026                                                              | CUSIP: 54659LCJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $715275.47    | 0.02%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX ELEC UTIL SYS REV                                                               | AUSTIN TX ELEC 5% 11/15/2028                                                              | CUSIP: 052414VU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1866666.38   | 0.05%             | 2028-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                              | COLORADO HEALTH 5% MT                                                                     | CUSIP: 19648FVK7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2155000 | PA      | $2197669.65   | 0.06%             | 2062-05-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                          | NEW JERSEY ECN 5% 3/1/2028                                                                | CUSIP: 64577XEQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051617.90   | 0.03%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                           | PA ST 5% 3/1/2028                                                                         | CUSIP: 70914PL83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1281841.28   | 0.04%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5% 12/1/2029@                                                              | CUSIP: 249182LC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $192287.48    | 0.01%             | 2029-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HEFA EDL FACS REV                                                             | MO HEFA EDL 4% 7/1/2025                                                                   | CUSIP: 60637ASV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500268.80    | 0.01%             | 2025-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FLA SPL REV                                                                  | JACKSONVILLE F 5% 10/1/2026                                                               | CUSIP: 469487TB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $66753.21     | 0.00%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                                  | NY TRANS CORP 5% 1/1/2029 @                                                               | CUSIP: 650116CH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3972573.93   | 0.12%             | 2029-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DENTON TEXAS ISD                                                                          | DENTON TX ISD 0% 8/15/2025                                                                | CUSIP: 249002EU6<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |     35000 | PA      | $34772.77     | 0.00%             | 2025-08-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 4% 12/1/2025                                                              | CUSIP: 56035DDS8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2754741.83   | 0.08%             | 2025-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WASHOE CNTY NV WTR FAC REV                                                                | WASHOE NV WTR 4.125% MT@                                                                  | CUSIP: 940865BG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $369469.98    | 0.01%             | 2036-03-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2034 @                                                            | CUSIP: 392274Q74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022289.50   | 0.03%             | 2034-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2026                                                                  | CUSIP: 544445K40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $557299.99    | 0.02%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TEXAS A and M UNIV PERM UNIV FD                                                           | BD RGNT TX A and M (TAMPUF) A TECP                                                        | CUSIP: 88211KEQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500162.05   | 0.10%             | 2025-06-03      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2027 @                                                               | CUSIP: 646080YD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1949547.82   | 0.06%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY N Y INDL DEV CORP                                                             | MONROE NY IDC 5% 12/1/2026                                                                | CUSIP: 61075TRE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $358083.74    | 0.01%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MICH ARPT AUTH REV                                                             | WAYNE CO MI AAR 5% 12/1/25@                                                               | CUSIP: 944514TB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2735000 | PA      | $2757756.29   | 0.08%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OK DEV FIN AUTH HEALTH SYS REV                                                            | OK DEV FIN AUTH 5% 8/15/2027                                                              | CUSIP: 67884XBN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1593075.22   | 0.05%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX WTR REV                                                                    | SAN ANTONIO WATER (SANNTX) TECP                                                           | CUSIP: 79643QDR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8700000 | PA      | $8704746.72   | 0.25%             | 2025-09-09      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| LONG BEACH N Y                                                                            | LONG BEACH CITY NY 24B 9/26/25 BAN                                                        | CUSIP: 542519FZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6800000 | PA      | $6806558.60   | 0.20%             | 2025-09-26      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| YUMA AZ INDL DEV AUTH HOSP REV                                                            | YUMA AZ HOSP 5% 8/1/2028                                                                  | CUSIP: 988514CJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $739672.43    | 0.02%             | 2028-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GOOSE CREEK TX CONS INDPT SCH                                                             | GOOSE CREEK ISD 0% 2/15/2035                                                              | CUSIP: 3826043G9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $484532.30    | 0.01%             | 2035-02-15      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TPK COM REGIS                                                             | PA TPK REGI FEE 0% 7/15/26MT 41                                                           | CUSIP: 709222DS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $8981360.10   | 0.26%             | 2041-07-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| HONOLULU HI CITY and CNTY                                                                 | HONOLULU HI 5% 11/1/2026 Q                                                                | CUSIP: 438687UF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $839270.37    | 0.02%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WEST HAVEN CT                                                                             | W HAVEN CT 4% 9/15/2025                                                                   | CUSIP: 953140U32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $255450.84    | 0.01%             | 2025-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTY DEV AUTH STUDENT HSG REV                                            | CA STWD STUDENT 5% 05/15/27                                                               | CUSIP: 13078RGT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $415320.21    | 0.01%             | 2027-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACS FNG AUTH REV                                                       | CALIFORNIA HLTH 3% 8/15/2054 MT                                                           | CUSIP: 13032UYT9<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   5915000 | PA      | $5897261.51   | 0.17%             | 2054-08-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MARION IND HIGH SCH BLDG CORP                                                             | MARIO IN 569567 4% 7/15/2025                                                              | CUSIP: 569567EW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $255186.15    | 0.01%             | 2025-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 9/15/2029@                                                                  | CUSIP: 73358WR97<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    250000 | PA      | $258004.95    | 0.01%             | 2029-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALASKA AIRPORT                                                                            | AK AIRPORT 5% 10/1/2025 @                                                                 | CUSIP: 011842UN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1980000 | PA      | $1990899.11   | 0.06%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEVE AUTH IDR                                                            | CHANDLER AZ IDR(INTEL) 5% 9/1/27MT@                                                       | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11300000 | PA      | $11511051.23  | 0.34%             | 2052-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MCHENRY CNTY IL COMNTY SD #200                                                            | MCHENRY CNTY IL 0 1/15/26                                                                 | CUSIP: 581158JF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $78323.65     | 0.00%             | 2026-01-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| VANGUARD MUN BD FD INC                                                                    | Vanguard Ultra Short-Term Tx-Ex Adm                                                       | CUSIP: 922907803<br>LEI: GGTVB4H7PGEDHLTPA045 | Long             | EC               | RF                | US        |  13900371 | NS      | $219208842.97 | 6.41%             |  |  |  | No            |                  1 | On Loan: No      |
| LOUISA VA                                                                                 | LOUISA VA IDA 0.75% 11/1/2035 MT                                                          | CUSIP: 546068AV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3957386.40   | 0.12%             | 2035-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH SOLD WASTE DISP FACS REV                                  | WV EDA SLD WAST 4.7% 4/1/2036 @                                                           | CUSIP: 95648VBP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3085000 | PA      | $3099796.59   | 0.09%             | 2036-04-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NJ HLTH CARE FACS FING AUTH DEPT HUMAN SVCS LEASE                                         | NJ HLTH CARE FA 5% 9/15/2026                                                              | CUSIP: 64579XEB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $609827.58    | 0.02%             | 2026-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA ST HSG and CMNTY DEV SF                                                           | IN HSG CDA 3% 1/1/2052                                                                    | CUSIP: 45505TVC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $727172.52    | 0.02%             | 2052-01-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER and EXPO ATH IL HOSPITALITY FACS REV                                    | METRO PIER and EXPO AUTH IL HOSP MCCORMICK PL CONVENTION ESCROWED TO MATURITY             | CUSIP: 592249AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1134242.18   | 0.03%             | 2026-07-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BROWARD CO FL ARPT                                                                        | BROW CO FL ARPT 5.25% 10/1/2025 @                                                         | CUSIP: 114894TC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501614.00   | 0.04%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA HIGHER ED and HEALTH AUTH REV                                          | MONT PA HR ED 5% 9/1/2026                                                                 | CUSIP: 613603ZV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1272114.25   | 0.04%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NY MTA DEDICATED TAX FUND                                                                 | NY MTA DED 4% 11/15/2025                                                                  | CUSIP: 59259N2E2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $351575.74    | 0.01%             | 2025-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA                                            | SOUTHEAST ENERG 5% 7/1/2027                                                               | CUSIP: 84136FBR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1215919.73   | 0.04%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OREGON ST                                                                                 | OR ST 5% 6/1/2028                                                                         | CUSIP: 68609ULF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2659099.00   | 0.08%             | 2028-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV                                   | CALIFORNIA CMY 5% 10/1/2026                                                               | CUSIP: 13013JCF1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    625000 | PA      | $633032.13    | 0.02%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2025 @                                                            | CUSIP: 592647FW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $155724.83    | 0.00%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC NY 5% 8/1/2026                                                                        | CUSIP: 64966Q2D1<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5600000 | PA      | $5738126.24   | 0.17%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 11/1/2029                                                                        | CUSIP: 452152P21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031619.50   | 0.03%             | 2029-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC NY 5% 8/1/2027                                                                        | CUSIP: 64966SKD7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   9380000 | PA      | $9807027.31   | 0.29%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTH EAST INDPT SCH DIST TX                                                              | NE TX ISD 3.75% 8/1/2049 MT                                                               | CUSIP: 659155QL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4070000 | PA      | $4101149.75   | 0.12%             | 2049-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ATRIUM HEALTH                                                                             | ATRIUM HEALTH 3.625% MT                                                                   | CUSIP: 160853VT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2359371.10   | 0.07%             | 2048-01-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG FIN AUTH                                                                     | CO HFA 4.25% 11/1/2049                                                                    | CUSIP: 1964795U9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35263.49     | 0.00%             | 2049-11-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 3/1/2026                                                                         | CUSIP: 452153DF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3185000 | PA      | $3225946.68   | 0.09%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                                                              | OH AIR QUAL 3.65% 12/1/2027 @                                                             | CUSIP: 677525XB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3575000 | PA      | $3548743.41   | 0.10%             | 2027-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA WTR and SWR AUTH                                                            | PITT WTR and SWR 5% 9/1/2031                                                              | CUSIP: 725304YX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $332333.73    | 0.01%             | 2031-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY                                               | NJ ST EDU AUT 5% 7/1/2025                                                                 | CUSIP: 646066SX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1860000 | PA      | $1862818.46   | 0.05%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST                                                                         | NC ST 2% 6/1/2030                                                                         | CUSIP: 6582562R2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $156801.66    | 0.00%             | 2030-06-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| MIAMI CNTY OH HOSP FACS REV                                                               | MIAMI OH HSP 5% 8/1/2026                                                                  | CUSIP: 593328EZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $545772.65    | 0.02%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO HSG FIN AGY MF HSG REV                                                               | OHIO HSG FIN AGY MF HSG REV 3.85% 07/01/2025                                              | CUSIP: 676900WZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3810000 | PA      | $3810609.60   | 0.11%             | 2025-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                                  | WISCONSIN ST H 5% 10/1/2025 Q                                                             | CUSIP: 97712JFJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3635000 | PA      | $3654406.54   | 0.11%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BRIDGEPORT CT                                                                             | BRIDGEPORT CT 5% 7/1/2027                                                                 | CUSIP: 108152MR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $208184.16    | 0.01%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA REDEV and HSG AUTH MULTI-FAMILY HSG REV                                   | FAIRFAX C VA 5% 1/1/2045 MT                                                               | CUSIP: 303833LG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $175428.54    | 0.01%             | 2045-01-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TRUMBULL CNTY OH                                                                          | TRUMBULL CO OH 4% 3/12/2026                                                               | CUSIP: 898133ZN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2209729.72   | 0.06%             | 2026-03-12      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BAY AREA TOLL AU CA BRIDGE REV                                                            | BATA CA 2.95% SER A 4/1/47 MT                                                             | CUSIP: 072024UJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99590.17     | 0.00%             | 2047-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| VALDEZ ALASKA MARINE TERM REV                                                             | AK EXXON 93A G=EXXON V1                                                                   | CUSIP: 919061DT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13845000 | PA      | $13845000.00  | 0.41%             | 2033-12-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| SUFFOLK CNTY NY                                                                           | SUFFOLK CNTY NY 5% 10/1/2025 Q                                                            | CUSIP: 86476PM54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $342346.92    | 0.01%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | SAINT PAUL MN MF HSG PLATO APTS 2023-MIZ9145 MZ/MZ D35                                    | CUSIP: 60700HSW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4220000 | PA      | $4220000.00   | 0.12%             | 2063-06-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CNTY CALIF DEV AUTH MULTIFAMILY HSG REV                                       | LA County Housing 3.75% 12/1/2026 MT                                                      | CUSIP: 54467WAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3005089.80   | 0.09%             | 2046-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA EDL FACS FIN                                                               | NORTH CAROLINA EDUCATIONAL FACFIN AGY REV BD DUKE UNIVERSITYSERIES 1992A                  | CUSIP: 657903FG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2010000 | PA      | $2010000.00   | 0.06%             | 2027-06-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO MUN ENERGY ACQUISITION AUTH GAS SUPPLY REV                                     | NM GAS PREPAY 5% MT                                                                       | CUSIP: 647207BL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1312215.20   | 0.04%             | 2054-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2035 @                                                            | CUSIP: 392274Q82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022289.50   | 0.03%             | 2035-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | HI ST ARPT 2022-XG0386-MST Q=MO D7@                                                       | CUSIP: 88035DAU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2200000.00   | 0.06%             | 2048-07-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NEW BRUNSWICK NJ PKG AUTH REV                                                             | NEW BRNSWK PKG 5% 9/1/2025                                                                | CUSIP: 642835QH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $853843.79    | 0.02%             | 2025-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL ED FACS FIN CORP REV                                              | HARRIS TX CED 0% 5/15/2050                                                                | CUSIP: 414009TH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2648045.75   | 0.08%             | 2050-05-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PHOENIX ARIZ INDL DEV AUTH SOLID WASTE DISP REV                                           | PHX IDA SW 4.25% 12/01/2035 MT@                                                           | CUSIP: 71884RAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  34630000 | PA      | $34641486.77  | 1.01%             | 2035-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| COCONINO CNTY AZ POLL CTL CORP                                                            | COCONINO AZ PC 4.125% 9/1/2032 @                                                          | CUSIP: 191855BN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1054213.60   | 0.03%             | 2032-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** Heather Bonner

**Signature:** Heather Bonner

**Name of Signer:** Heather Bonner

**Title:** President and Treasurer