# EDGAR Filing Document

**Accession Number:** 0000751656
**File Stem:** 0002071691-25-007829
**Filing Date:** 2025-11
**Character Count:** 190732
**Document Hash:** afa76939cd979de3e7e1ac5f8a07255b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-007829.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0002071691-25-007829

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MFS MUNICIPAL SERIES TRUST
- **CENTRAL INDEX KEY:** 0000751656

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04096
- **FILM NUMBER:** 251530036

**BUSINESS ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 18006372929

**MAIL ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS MANAGED MULTI STATE MUNICIPAL BOND TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS MANAGED MULTI STATE TAX EXEMPT TRUST
- **DATE OF NAME CHANGE:** 19890410

## Series and Classes Contracts Data

### MFS California Municipal Bond Fund (Series ID: S000002530)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000006978 | A            | MCFTX           |
| C000006979 | B            | MBCAX           |
| C000006980 | C            | MCCAX           |
| C000169767 | I            | MCAVX           |
| C000194244 | R6           | MPOAX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MFS Municipal Series Trust

- **b. Investment Company Act file number:** 811-04096

- **c. CIK number of Registrant:** 0000751656

- **d. LEI of Registrant:** 5493001Q9KE7H84Z5340

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

  - **Street Address 1:** 111 Huntington Avenue

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02199

  - **Telephone number:** 617-954-5000

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

- **a. Name of Series:** MFS California Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000002530

- **c. LEI of Series:** HJJE4BDRSB2UZB44II16

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $724704383.78

**Total Liabilities:** $15583210.53

**Net Assets:** $709121173.25

**Delayed Delivery Securities:** $12760039.20

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -844.89311370 | **1-Year:** -19572.14668610 | **5-Year:** -96696.08142300 | **10-Year:** -270541.55908920 | **30-Year:** -120149.16035620

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

- **3-Month:** -150.24903140 | **1-Year:** -3431.67543890 | **5-Year:** -14359.35472110 | **10-Year:** -35041.79204250 | **30-Year:** -22646.94915280

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000006980 | -1.08%               | 0.80%                | 3.61%                |
| Class ID C000006979 | -1.07%               | 0.82%                | 3.44%                |
| Class ID C000194244 | -0.95%               | 0.91%                | 3.55%                |
| Class ID C000169767 | -0.95%               | 0.79%                | 3.66%                |
| Class ID C000006978 | -1.00%               | 0.88%                | 3.50%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-532301.40              | $-8561113.72                               |
| Month 2  | $-196679.36              | $3935513.56                                |
| Month 3  | $-426.51                 | $21990523.39                               |

### Schedule of Portfolio Investments

| Name                                                                            | Title                                                                                         | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| California Community Housing Agency                                             | California Community Housing Agency                                                           | CUSIP: 13013FAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $1818572.58   | 0.26%             | 2056-02-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| California Enterprise Development Authority                                     | California Enterprise Development Authority, Series 2024A                                     | CUSIP: 13069BBB1<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    650000 | PA      | $686394.41    | 0.10%             | 2039-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Wastewater System Revenue                   | East Bay Municipal Utility District Wastewater System, Series 2024A                           | CUSIP: 271012HF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063066.40   | 0.15%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Moreland School District                                                        | Moreland School District                                                                      | CUSIP: 616794KA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1335966.05   | 0.19%             | 2028-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | Public Finance Authority                                                                      | CUSIP: 74446EAC0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    555000 | PA      | $499500.00    | 0.07%             | 2024-08-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| CMFA Special Finance Agency XII                                                 | CMFA Special Finance Agency XII                                                               | CUSIP: 12574XAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1418492.20   | 0.20%             | 2057-02-01      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | City of Los Angeles Department of Airports                                                    | CUSIP: 544445F53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2742945.30   | 0.39%             | 2047-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | City of Los Angeles Department of Airports, Series 2023 A                                     | CUSIP: 544445Y78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4115000 | PA      | $4275116.30   | 0.60%             | 2048-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | California Housing Finance Agency                                                             | CUSIP: 13033DAL9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1957540 | PA      | $2000181.83   | 0.28%             | 2036-09-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | Territory of Guam                                                                             | CUSIP: 40065HDV9<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    500000 | PA      | $501070.65    | 0.07%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Jose CA                                                             | City of San Jose, Series 2025A-1                                                              | CUSIP: 798165LJ3<br>LEI: 549300QHIHSH68W22O38 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2720149.64   | 0.38%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Garvey School District                                                          | Garvey School District                                                                        | CUSIP: 366658NP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2120000 | PA      | $1798002.95   | 0.25%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | California Educational Facilities Authority                                                   | CUSIP: 130179PG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2060000 | PA      | $2113914.53   | 0.30%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norman Y Mineta San Jose International Airport SJC                              | Norman Y Mineta San Jose International Airport SJC                                            | CUSIP: 798136VU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000694.60   | 0.28%             | 2047-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | State of California                                                                           | CUSIP: 13063EKK1<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     45000 | PA      | $48094.37     | 0.01%             | 2036-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Antelope Valley Community College District                                      | Antelope Valley Community College District, Series D                                          | CUSIP: 03667PKS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $651878.77    | 0.09%             | 2046-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Paramount Unified School District                                               | Paramount Unified School District                                                             | CUSIP: 699211PE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1382312.05   | 0.19%             | 2045-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District                                        | Washington Township Health Care District                                                      | CUSIP: 940204ED8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991439.30    | 0.14%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13081CAC2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1760929.42   | 0.25%             | 2039-07-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| California Enterprise Development Authority                                     | California Enterprise Development Authority                                                   | CUSIP: 13069BAR7<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    450000 | PA      | $452372.67    | 0.06%             | 2057-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oakland Unified School District/Alameda County                                  | Oakland Unified School District, Series 2023A                                                 | CUSIP: 672325R58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7462804.30   | 1.05%             | 2048-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | State of California                                                                           | CUSIP: 13063D4G0<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3202786.80   | 0.45%             | 2050-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp. Sales Tax                                               | CUSIP: 74529JRK3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |      9000 | PA      | $8114.14      | 0.00%             | 2053-07-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2024                           | CUSIP: 13080SX33<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2069699.40   | 0.29%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | City of Los Angeles Department of Airports                                                    | CUSIP: 544445GA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1935000 | PA      | $1970350.90   | 0.28%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                     | California Enterprise Development Authority, Series 2024                                      | CUSIP: 13069ABA5<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1223020.08   | 0.17%             | 2064-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp. Sales Tax                                               | CUSIP: 74529JQE8<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   1566000 | PA      | $1280983.46   | 0.18%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Santa Maria Bonita School District                                              | Santa Maria Bonita School District                                                            | CUSIP: 802250CN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1209358.13   | 0.17%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048VUY2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    175000 | PA      | $180601.73    | 0.03%             | 2036-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| City & County of San Francisco CA                                               | City & County of San Francisco, Series 2025B-1                                                | CUSIP: 79765PEF6<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1280184.70   | 0.18%             | 2046-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 130483ES5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3755323.60   | 0.53%             | 2036-11-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency               | San Francisco City & County Redevelopment Agency Successor Agency, Series 2023                | CUSIP: 79772ADP9<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082911.50   | 0.15%             | 2043-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13058TSE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509635.30    | 0.07%             | 2038-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MFS Institutional Money Market Portfolio                                        | MFS Institutional Money Market Portfolio, Class A                                             | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | STIV             | RF                | US        |  19735147 | NS      | $19737120.56  | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| El Monte Union High School District                                             | El Monte Union High School District, Series F                                                 | CUSIP: 283353WF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $691592.60    | 0.10%             | 2048-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Transbay Joint Powers Authority                                                 | Transbay Joint Powers Authority                                                               | CUSIP: 89356CBK1<br>LEI: 549300WC0UP8WU8GYU95 | Long             | DBT              | MUN               | US        |    300000 | PA      | $312053.55    | 0.04%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                             | California Public Finance Authority, Series 2025                                              | CUSIP: 13056HAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $751142.25    | 0.11%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13078YQG3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502903.05    | 0.07%             | 2044-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Public Utilities Commission Power Revenue           | San Francisco City & County Public Utilities Commission Power, Series 2023 A                  | CUSIP: 79771KEC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3638307.75   | 0.51%             | 2053-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kerman Public Financing Authority                                               | Kerman Public Financing Authority, Series 2025                                                | CUSIP: 492195BY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1504749.10   | 0.21%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | California Housing Finance Agency, Series LTD OBLIG BDS 2024 W                                | CUSIP: 130331AM3<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   3550000 | PA      | $3513764.80   | 0.50%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048VCD8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2190000 | PA      | $2186573.96   | 0.31%             | 2047-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mendocino-Lake Community College District                                       | Mendocino-Lake Community College District                                                     | CUSIP: 58661PBT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1289652.48   | 0.18%             | 2032-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Kerman Public Financing Authority                                               | Kerman Public Financing Authority, Series 2025                                                | CUSIP: 492195BZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4127325.20   | 0.58%             | 2055-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | Puerto Rico Electric Power Authority                                                          | CUSIP: 74526QZN5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    765000 | PA      | $524025.00    | 0.07%             | 2022-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Ysidro School District                                                      | San Ysidro School District                                                                    | CUSIP: 799561PJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1779583.64   | 0.25%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Regents of the University of California Medical Center Pooled Revenue           | Regents of the University of California Medical Center Pooled                                 | CUSIP: 913366KT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4573527.00   | 0.64%             | 2053-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Antelope Valley Community College District                                      | Antelope Valley Community College District, Series D                                          | CUSIP: 03667PKU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $1000083.56   | 0.14%             | 2048-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024A                                          | CUSIP: 13051BAC0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    435000 | PA      | $435488.94    | 0.06%             | 2054-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025                                           | CUSIP: 13048V4M7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2548624.25   | 0.36%             | 2035-09-01      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| Napa Valley Unified School District                                             | Napa Valley Unified School District                                                           | CUSIP: 6303614D2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3385000 | PA      | $3079778.61   | 0.43%             | 2029-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SUY8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    430000 | PA      | $432150.09    | 0.06%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alvord Unified School District                                                  | Alvord Unified School District                                                                | CUSIP: 022555XY7<br>LEI: 549300Q9J0UCO75DL276 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $928889.20    | 0.13%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                          | Patriots Energy Group Financing Agency, Series 2023 SUB B-1                                   | CUSIP: 70342PAR5<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $2073695.53   | 0.29%             | 2054-02-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | California Housing Finance Agency, Series 2024 V                                              | CUSIP: 13034DAR5<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4901628.50   | 0.69%             | 2040-09-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SVA9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    980000 | PA      | $965882.81    | 0.14%             | 2043-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| La Mesa-Spring Valley School District                                           | La Mesa-Spring Valley School District, Series 2023 B                                          | CUSIP: 503678SF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1850112.80   | 0.26%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                 | California County Tobacco Securitization Agency                                               | CUSIP: 13016NHA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $213070.53    | 0.03%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048DCP1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    970000 | PA      | $941737.11    | 0.13%             | 2038-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority, Series 2023 F                                | CUSIP: 13013JDD5<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2955000 | PA      | $3235948.99   | 0.46%             | 2054-10-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13078YNX9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    940000 | PA      | $946624.56    | 0.13%             | 2048-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cambria Community Services District Wastewater Revenue                          | Cambria Community Services District Wastewater                                                | CUSIP: 13201RAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1111621.83   | 0.16%             | 2052-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 130591BG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2120000 | PA      | $1966205.66   | 0.28%             | 2050-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Sierra View Local Health Care District CA                                       | Sierra View Local Health Care District                                                        | CUSIP: 82650PDG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301915.83    | 0.04%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Antelope Valley Community College District                                      | Antelope Valley Community College District, Series D                                          | CUSIP: 03667PKR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1710000 | PA      | $692162.86    | 0.10%             | 2045-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency               | San Francisco City & County Redevelopment Agency Successor Agency, Series 2023                | CUSIP: 79772ADM6<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1650970.20   | 0.23%             | 2041-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048TS38<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    425000 | PA      | $426863.24    | 0.06%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp. Sales Tax                                               | CUSIP: 74529JQD0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |     31000 | PA      | $27424.17     | 0.00%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                        | River Islands Public Financing Authority                                                      | CUSIP: 76827QJC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2558569.79   | 0.36%             | 2047-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                     | San Diego County Regional Airport Authority                                                   | CUSIP: 79739GGP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $664846.78    | 0.09%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                     | California Enterprise Development Authority                                                   | CUSIP: 13069BAQ9<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    825000 | PA      | $832885.68    | 0.12%             | 2055-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Truckee-Donner Public Utility District Electric System Revenue                  | Truckee-Donner Public Utility District Electric System                                        | CUSIP: 89781AAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1340051.75   | 0.19%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, Series 2024 B                               | CUSIP: 13032UL30<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2010567.40   | 0.28%             | 2058-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Carlsbad CA                                                             | City of Carlsbad, Series 2003 A                                                               | CUSIP: 142585BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1613988.17   | 0.23%             | 2036-02-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series M TEBS 2023 A                                  | CUSIP: 130489AA5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3516246.03   | 0.50%             | 2046-09-01      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency               | San Francisco City & County Redevelopment Agency Successor Agency                             | CUSIP: 79770GAW6<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |    750000 | PA      | $750261.68    | 0.11%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, Series 2024A                                | CUSIP: 13032US82<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   5655000 | PA      | $5810377.35   | 0.82%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Conejo Valley Unified School District                                           | Conejo Valley Unified School District, Series E                                               | CUSIP: 206849HP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4240000 | PA      | $2662268.02   | 0.38%             | 2037-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                  | Tender Option Bond Trust Receipts                                                             | CUSIP: 88035MBW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2258045.62   | 0.32%             | 2055-05-01      | Variable      | 7.09%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13058TCK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $394321.09    | 0.06%             | 2045-08-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Ravenswood City School District                                                 | Ravenswood City School District, Series 2025B                                                 | CUSIP: 754405KH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $368185.94    | 0.05%             | 2043-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mountain View-Whisman School District                                           | Mountain View-Whisman School District                                                         | CUSIP: 62451FME7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5771251.43   | 0.81%             | 2045-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Transbay Joint Powers Authority                                                 | Transbay Joint Powers Authority                                                               | CUSIP: 89356CBM7<br>LEI: 549300WC0UP8WU8GYU95 | Long             | DBT              | MUN               | US        |    275000 | PA      | $279980.80    | 0.04%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, Series 2024 B                               | CUSIP: 13032UK80<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    750000 | PA      | $754893.30    | 0.11%             | 2043-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Bridgeview IL                                                        | Village of Bridgeview                                                                         | CUSIP: 108555GG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1004377.10   | 0.14%             | 2036-12-01      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | City of Los Angeles Department of Airports, Series 2025A                                      | CUSIP: 5444453B3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4180362.80   | 0.59%             | 2050-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13059TFH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $860332.39    | 0.12%             | 2048-08-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13058TKB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $526382.75    | 0.07%             | 2040-08-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Los Angeles Unified School District                                             | Los Angeles Unified School District, Series 2024 QRR                                          | CUSIP: 544647JL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4297142.00   | 0.61%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Newport Beach CA                                                        | City of Newport Beach, Series 2023 A                                                          | CUSIP: 651784UT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $565351.15    | 0.08%             | 2038-09-02      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024A                                          | CUSIP: 13051BAD8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    390000 | PA      | $392103.70    | 0.06%             | 2059-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| City of Newport Beach CA                                                        | City of Newport Beach, Series 2023 A                                                          | CUSIP: 651784UU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $658059.90    | 0.09%             | 2043-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                      | Southern California Public Power Authority                                                    | CUSIP: 842471AY0<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1784339.08   | 0.25%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048T4N0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000096.40   | 0.28%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048TVD2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |     85000 | PA      | $85050.97     | 0.01%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2024 E-1                       | CUSIP: 13079PZR7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3650000 | PA      | $3409009.85   | 0.48%             | 2042-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority, Series 2024 D                                | CUSIP: 13013JFD3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4391757.60   | 0.62%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048RAG2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2866809.30   | 0.40%             | 2044-10-01      | Variable      | 2.40%                 | No            |                  2 | On Loan: No      |
| Ceres Unified School District                                                   | Ceres Unified School District                                                                 | CUSIP: 156753PW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2775000 | PA      | $980096.98    | 0.14%             | 2046-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Clovis Unified School District                                                  | Clovis Unified School District, Series C                                                      | CUSIP: 189342T32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4715348.00   | 0.66%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | Los Angeles Department of Water & Power, Series 2025 A                                        | CUSIP: 544532PW8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2054530.20   | 0.29%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority, Series 2024 H                                | CUSIP: 13013JFW1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5578154.00   | 0.79%             | 2056-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Valley Energy Authority                                                 | Central Valley Energy Authority, Series 2025                                                  | CUSIP: 15569DAA0<br>LEI: 254900G5IPQ9MA3FRJ55 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3284800.50   | 0.46%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13078YQH1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501145.85    | 0.07%             | 2049-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Imperial Community College District                                             | Imperial Community College District                                                           | CUSIP: 452641JD6<br>LEI: 549300VO268A8SG7J029 | Long             | DBT              | MUN               | US        |    500000 | PA      | $353232.10    | 0.05%             | 2034-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | California Housing Finance Agency, Series LTD OBLIG BDS 2024 Q                                | CUSIP: 130331AE1<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    990000 | PA      | $977345.52    | 0.14%             | 2041-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | Puerto Rico Electric Power Authority, Series VV                                               | CUSIP: 74526YGW9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     55000 | PA      | $54916.33     | 0.01%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Antelope Valley Community College District                                      | Antelope Valley Community College District, Series D                                          | CUSIP: 03667PKT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $363165.30    | 0.05%             | 2047-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | City of Los Angeles Department of Airports                                                    | CUSIP: 544445GW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1346757.13   | 0.19%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                     | San Diego County Regional Airport Authority, Series 2025 B                                    | CUSIP: 79739GTD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5231720.50   | 0.74%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority                                              | CUSIP: 13032UNE4<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2546267.82   | 0.36%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025A                                          | CUSIP: 13048V3F3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    775000 | PA      | $784968.21    | 0.11%             | 2045-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp. Sales Tax                                               | CUSIP: 74529JPV1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    114000 | PA      | $111369.76    | 0.02%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | City of Los Angeles Department of Airports                                                    | CUSIP: 544445Y60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $473335.65    | 0.07%             | 2043-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Cambria Community Services District Wastewater Revenue                          | Cambria Community Services District Wastewater                                                | CUSIP: 13201RAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018560.90   | 0.14%             | 2047-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | California Housing Finance Agency, Series LTD OBLIG 2024 J                                    | CUSIP: 130331AF8<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2952829.20   | 0.42%             | 2042-02-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048VUZ9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    750000 | PA      | $722913.60    | 0.10%             | 2046-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                         | Bay Area Toll Authority, Series 2025F-1                                                       | CUSIP: 072024G30<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |    500000 | PA      | $527650.10    | 0.07%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | California Infrastructure & Economic Development Bank                                         | CUSIP: 13035ABR9<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    500000 | PA      | $429126.20    | 0.06%             | 2050-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | Puerto Rico Electric Power Authority                                                          | CUSIP: 74526QZM7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    475000 | PA      | $325375.00    | 0.05%             | 2021-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | California Educational Facilities Authority                                                   | CUSIP: 130179GU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501497.75    | 0.07%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority                                              | CUSIP: 13032UB49<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5202973.00   | 0.73%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Maria Bonita School District                                              | Santa Maria Bonita School District                                                            | CUSIP: 802250CP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981825.60    | 0.14%             | 2042-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024A                                          | CUSIP: 13048RAP2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3989806.80   | 0.56%             | 2054-03-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| Doylestown Hospital Authority                                                   | Doylestown Hospital Authority, Series 2019A                                                   | CUSIP: 261333HE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65712.95     | 0.01%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education Dedicated Capital Improvement Tax                    | Chicago Board of Education Dedicated Capital Improvement Tax, Series 2016                     | CUSIP: 167510AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2195000 | PA      | $2250881.63   | 0.32%             | 2035-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                             | California Public Finance Authority                                                           | CUSIP: 13057EAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2545000 | PA      | $2476611.01   | 0.35%             | 2047-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13059TFG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $883372.34    | 0.12%             | 2038-08-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                        | New Hampshire Business Finance Authority                                                      | CUSIP: 63607WAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1302637 | PA      | $1287752.68   | 0.18%             | 2036-09-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | California Educational Facilities Authority                                                   | CUSIP: 130179RG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026079.80   | 0.14%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | City of Los Angeles Department of Airports                                                    | CUSIP: 544445Y52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2119506.20   | 0.30%             | 2042-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048TX32<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010919.40   | 0.14%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024A                                          | CUSIP: 130483GQ7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4036322.80   | 0.57%             | 2042-12-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025A                                          | CUSIP: 13048V3Y2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1154396.77   | 0.16%             | 2045-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hastings Campus Housing Finance Authority                                       | Hastings Campus Housing Finance Authority                                                     | CUSIP: 418338AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2820966.90   | 0.40%             | 2045-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2025A                                             | CUSIP: 13058TVE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1845000 | PA      | $1797372.25   | 0.25%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ceres Unified School District                                                   | Ceres Unified School District, Series 2025A                                                   | CUSIP: 156753RM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4233117.60   | 0.60%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13059TEV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $512010.41    | 0.07%             | 2037-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Antelope Valley Community College District                                      | Antelope Valley Community College District, Series D                                          | CUSIP: 03667PKM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1795000 | PA      | $911782.28    | 0.13%             | 2041-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13049YAJ0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    225000 | PA      | $225171.02    | 0.03%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2024A                          | CUSIP: 13080ST79<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3684174.90   | 0.52%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                       | Golden State Tobacco Securitization Corp.                                                     | CUSIP: 38122ND82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $979463.68    | 0.14%             | 2050-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Santa Barbara Community College District                                        | Santa Barbara Community College District, Series 2025 A                                       | CUSIP: 801283HP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $593920.43    | 0.08%             | 2047-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | State of California                                                                           | CUSIP: 13063ECU8<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1645656.00   | 0.23%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080STN4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2010482.20   | 0.28%             | 2057-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Series 2025A                          | CUSIP: 13080S2S2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3101477.10   | 0.44%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ceres Unified School District                                                   | Ceres Unified School District                                                                 | CUSIP: 156753PX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3035000 | PA      | $1016005.71   | 0.14%             | 2047-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Indio Finance Authority                                                         | Indio Finance Authority                                                                       | CUSIP: 45571LDQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3735000 | PA      | $3971489.37   | 0.56%             | 2047-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Garden Grove Public Financing Authority                                         | Garden Grove Public Financing Authority, Series 2024A                                         | CUSIP: 36527RBQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3683362.00   | 0.52%             | 2054-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority, Series 2024C                                 | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9702359.10   | 1.37%             | 2055-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                 | California County Tobacco Securitization Agency                                               | CUSIP: 13016NFB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $133955.71    | 0.02%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | San Francisco City & County Airport Comm-San Francisco International Airport                  | CUSIP: 79766DGF0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3999752.40   | 0.56%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048T6J7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4310000 | PA      | $4311869.25   | 0.61%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, Series 2024 B                               | CUSIP: 13032UK98<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015155.50   | 0.14%             | 2048-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048RAL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2972614.20   | 0.42%             | 2041-10-01      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| San Bernardino City Unified School District                                     | San Bernardino City Unified School District                                                   | CUSIP: 796714EZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2027309.80   | 0.29%             | 2045-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | California Infrastructure & Economic Development Bank, Series 2024A                           | CUSIP: 13034A5L0<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3030291.60   | 0.43%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mt San Antonio Community College District                                       | Mt San Antonio Community College District                                                     | CUSIP: 623040FW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4950501.50   | 0.70%             | 2043-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                             | California Public Finance Authority, Series 2025                                              | CUSIP: 13056HAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1972440.80   | 0.28%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025A                                          | CUSIP: 13048V3D8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    375000 | PA      | $394948.69    | 0.06%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13058TSG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $525077.60    | 0.07%             | 2047-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Diego Housing Authority, Inc.                                               | San Diego Housing Authority, Inc., Series 2003C                                               | CUSIP: 79728FLJ8<br>LEI: 549300X9H1ODNOOT1Q87 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1611525.54   | 0.23%             | 2036-02-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| San Rafael City Elementary School District                                      | San Rafael City Elementary School District                                                    | CUSIP: 799306PH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2595000 | PA      | $2484930.22   | 0.35%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SSE5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1805682.57   | 0.25%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Oakland CA                                                              | City of Oakland, Series 2023 D                                                                | CUSIP: 672240YN2<br>LEI: 549300BRTTFKDQCGL048 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5340246.50   | 0.75%             | 2053-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign                      | Burbank-Glendale-Pasadena Airport Authority Brick Campaign, Series 2024B                      | CUSIP: 120827ED8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2725000 | PA      | $2825047.29   | 0.40%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                       | Alameda Corridor Transportation Authority, Series C                                           | CUSIP: 010869MM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $3051494.40   | 0.43%             | 2053-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Santa Barbara CA                                                      | County of Santa Barbara                                                                       | CUSIP: 80136PCV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2069188.40   | 0.29%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | California Housing Finance Agency, Series 2023 A-1                                            | CUSIP: 13032WBA1<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    800000 | PA      | $805982.80    | 0.11%             | 2038-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency                                                     | CMFA Special Finance Agency                                                                   | CUSIP: 12574WAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2537658.90   | 0.36%             | 2056-08-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                           | North Carolina Housing Finance Agency, Series M TEMS 2024                                     | CUSIP: 65821GAA2<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   2965514 | PA      | $3036516.69   | 0.43%             | 2040-05-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                             | California Public Finance Authority                                                           | CUSIP: 13057GAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $766251.18    | 0.11%             | 2036-11-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048T5H2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1459743.98   | 0.21%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Antelope Valley Community College District                                      | Antelope Valley Community College District, Series D                                          | CUSIP: 03667PKW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3475000 | PA      | $1109190.12   | 0.16%             | 2050-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX                                                               | City of Dallas, Series 2023                                                                   | CUSIP: 235380AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $515248.44    | 0.07%             | 2053-08-15      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                       | Golden State Tobacco Securitization Corp.                                                     | CUSIP: 38122ND90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3940429.60   | 0.56%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048TVL4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    165000 | PA      | $165101.79    | 0.02%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 130493CL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4086842.40   | 0.58%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Department of Veterans Affairs Veteran's Farm & Home Purchase Program           | Department of Veterans Affairs Veteran's Farm & Home Purchase Program, Series 2024 A          | CUSIP: 130658TY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5802163.80   | 0.82%             | 2054-12-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                             | California Community Housing Agency                                                           | CUSIP: 13013FAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1997075.70   | 0.28%             | 2056-08-01      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SPM0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1929384.96   | 0.27%             | 2046-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lucia Mar Unified School District                                               | Lucia Mar Unified School District                                                             | CUSIP: 54947THN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2235000 | PA      | $2090669.29   | 0.29%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Department of Veterans Affairs Veteran's Farm & Home Purchase Program           | Department of Veterans Affairs Veteran's Farm & Home Purchase Program                         | CUSIP: 130658ST5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    805000 | PA      | $851221.41    | 0.12%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District                                        | Washington Township Health Care District                                                      | CUSIP: 940204GK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $350515.17    | 0.05%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | California Educational Facilities Authority                                                   | CUSIP: 130179GS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004330.10   | 0.14%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                          | Virginia Housing Development Authority, Series 2023 F                                         | CUSIP: 92812WMR2<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2041654.20   | 0.29%             | 2048-11-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                        | New Hampshire Business Finance Authority                                                      | CUSIP: 63607WBB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4967443 | PA      | $4766314.20   | 0.67%             | 2039-07-20      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | California State University, Series 2025A                                                     | CUSIP: 13077DWE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4284103.20   | 0.60%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | California Educational Facilities Authority, Series 2025A                                     | CUSIP: 130179WE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $534009.80    | 0.08%             | 2045-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Area Flood Control Agy Levee Construction & Maintenance Assmnt Dist | San Joaquin Area Flood Control Agy Levee Construction & Maintenance Assmnt Dist, Series 2023A | CUSIP: 79806NAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $959377.30    | 0.14%             | 2053-10-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2024A                                             | CUSIP: 13059TJS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $952288.20    | 0.13%             | 2064-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Springs Unified School District                                            | Palm Springs Unified School District, Series B                                                | CUSIP: 6966676Z2<br>LEI: 549300VO66CCEHGE5291 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2852894.10   | 0.40%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | California Educational Facilities Authority                                                   | CUSIP: 130179JC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $431069.77    | 0.06%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Housing Authority                                                   | Los Angeles Housing Authority, Series 2024A                                                   | CUSIP: 544562DP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8750000 | PA      | $8205021.13   | 1.16%             | 2059-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign                      | Burbank-Glendale-Pasadena Airport Authority Brick Campaign, Series 2024B                      | CUSIP: 120827EE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2819630.70   | 0.40%             | 2049-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | California State University                                                                   | CUSIP: 13077DRU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1474691.60   | 0.21%             | 2052-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| El Monte Union High School District                                             | El Monte Union High School District, Series F                                                 | CUSIP: 283353WG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $491967.60    | 0.07%             | 2049-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority, Series 2024E                                 | CUSIP: 13013JEP7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2183230.80   | 0.31%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Pajaro Valley Water Management Agency                                           | Pajaro Valley Water Management Agency                                                         | CUSIP: 69580AAQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1412384.40   | 0.20%             | 2053-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Hastings Campus Housing Finance Authority                                       | Hastings Campus Housing Finance Authority                                                     | CUSIP: 418338AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $1532369.48   | 0.22%             | 2061-07-01      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2024A                                             | CUSIP: 13059TJR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $510132.84    | 0.07%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pomona Unified School District                                                  | Pomona Unified School District                                                                | CUSIP: 732098RB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $68248.57     | 0.01%             | 2048-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048TVG5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    415000 | PA      | $401244.04    | 0.06%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palomar Health                                                                  | Palomar Health                                                                                | CUSIP: 697528AV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004896.20   | 0.28%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | California Infrastructure & Economic Development Bank                                         | CUSIP: 13034AD23<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $985738.00    | 0.14%             | 2055-08-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025A                                          | CUSIP: 13048V3E6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1381049.06   | 0.19%             | 2040-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                        | New Hampshire Business Finance Authority                                                      | CUSIP: 63607WBC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1791312.60   | 0.25%             | 2040-07-20      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | State of Illinois                                                                             | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    440000 | PA      | $467002.54    | 0.07%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| El Monte Union High School District                                             | El Monte Union High School District, Series F                                                 | CUSIP: 283353WE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $364460.80    | 0.05%             | 2047-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13078YRL1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1975000 | PA      | $1871612.70   | 0.26%             | 2040-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Modesto Elementary School District                                              | Modesto Elementary School District                                                            | CUSIP: 607735CY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $130501.27    | 0.02%             | 2046-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | Puerto Rico Electric Power Authority                                                          | CUSIP: 74526QZZ8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    600000 | PA      | $411000.00    | 0.06%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SMJ0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1405284.37   | 0.20%             | 2041-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024A                                          | CUSIP: 13048V2U1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1500443.71   | 0.21%             | 2054-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ontario Public Financing Authority                                              | Ontario Public Financing Authority                                                            | CUSIP: 68304RDF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $768528.04    | 0.11%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| College of the Sequoias Tulare Area Improvement District No. 3                  | College of the Sequoias Tulare Area Improvement District No. 3                                | CUSIP: 19428UFY8<br>LEI: 549300RQ29ZSYQO3DD55 | Long             | DBT              | MUN               | US        |    200000 | PA      | $150086.14    | 0.02%             | 2051-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Mountain House Community Facilities District                                    | Mountain House Community Facilities District, Series 2025                                     | CUSIP: 62412KAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1985032.20   | 0.28%             | 2055-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico                                                                   | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    383721 | PA      | $374231.39    | 0.05%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mt San Antonio Community College District                                       | Mt San Antonio Community College District                                                     | CUSIP: 623040KE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $806691.64    | 0.11%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | Public Finance Authority                                                                      | CUSIP: 74446EAA4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    780000 | PA      | $624000.00    | 0.09%             | 2027-08-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048T4P5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $993861.80    | 0.14%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | Los Angeles Department of Water & Power, Series 2025 A                                        | CUSIP: 544532PV0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031851.20   | 0.15%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13049AAG8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    750000 | PA      | $742808.48    | 0.10%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Long Beach CA Airport System Revenue                                    | City of Long Beach                                                                            | CUSIP: 542403DR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1532769.60   | 0.22%             | 2047-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                 | California County Tobacco Securitization Agency                                               | CUSIP: 13016NEZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3515000 | PA      | $3001964.31   | 0.42%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                     | California Enterprise Development Authority, Series 2024                                      | CUSIP: 13069AAZ1<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    700000 | PA      | $650411.51    | 0.09%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Davis Joint Unified School District                                             | Davis Joint Unified School District                                                           | CUSIP: 238848EF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1007526.88   | 0.14%             | 2043-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                       | New York Transportation Development Corp., Series 2024                                        | CUSIP: 650116HR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2840000 | PA      | $2875138.47   | 0.41%             | 2060-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Moorpark Unified School District                                                | Moorpark Unified School District                                                              | CUSIP: 616259FB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $394617.50    | 0.06%             | 2033-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mountain View School District School Facilities Improvement District No. 3      | Mountain View School District School Facilities Improvement District No. 3, Series 2025A      | CUSIP: 62440DAR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2300807.74   | 0.32%             | 2055-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | California Housing Finance Agency, Series 2024 T                                              | CUSIP: 13034DAM6<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4881932.50   | 0.69%             | 2040-07-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13059TBS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1246610.78   | 0.18%             | 2030-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SWN0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    475000 | PA      | $476022.87    | 0.07%             | 2039-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | California Infrastructure & Economic Development Bank, Series 2024 B                          | CUSIP: 13035ADX4<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002827.20   | 0.14%             | 2059-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13081KAU4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1548014.40   | 0.22%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Clara County Financing Authority                                          | Santa Clara County Financing Authority                                                        | CUSIP: 801577QU4<br>LEI: 549300A73O1Q5POHAT69 | Long             | DBT              | MUN               | US        |   5270000 | PA      | $4700487.96   | 0.66%             | 2039-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Development Authority                                        | Los Angeles County Development Authority                                                      | CUSIP: 54467WAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3601341.00   | 0.51%             | 2046-01-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048TP49<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1490965.95   | 0.21%             | 2047-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SYW8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    650000 | PA      | $642332.86    | 0.09%             | 2040-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp.                                                                  | Tennergy Corp.                                                                                | CUSIP: 880397CF9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1640418.05   | 0.23%             | 2053-10-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                  | Buckeye Tobacco Settlement Financing Authority                                                | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $729346.89    | 0.10%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Truckee-Donner Public Utility District Water System Revenue                     | Truckee-Donner Public Utility District Water System                                           | CUSIP: 897819AQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2070000 | PA      | $2212879.89   | 0.31%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SWP5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1328715.22   | 0.19%             | 2051-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | San Francisco City & County Airport Comm-San Francisco International Airport                  | CUSIP: 79766DNS4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1537434.74   | 0.22%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13078YRH0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    505000 | PA      | $423739.29    | 0.06%             | 2050-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Kern/Cawelo Financing Authority                                           | North Kern, Series 2025 A                                                                     | CUSIP: 660313DV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2005000 | PA      | $2138205.78   | 0.30%             | 2050-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Monterey County Joint Union High School District                          | South Monterey County Joint Union High School District                                        | CUSIP: 83887TBQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2480000 | PA      | $2385420.74   | 0.34%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                        | River Islands Public Financing Authority                                                      | CUSIP: 76827QJB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000254.70   | 0.14%             | 2042-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | California Infrastructure & Economic Development Bank                                         | CUSIP: 13035ADB2<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   3075000 | PA      | $2666040.38   | 0.38%             | 2052-11-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| City of Fresno CA Airport Revenue                                               | City of Fresno                                                                                | CUSIP: 358100FS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013049.30   | 0.14%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | California Educational Facilities Authority                                                   | CUSIP: 130179JD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1280990.36   | 0.18%             | 2037-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025                                           | CUSIP: 130491AU7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047273.10   | 0.15%             | 2060-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority                                               | CUSIP: 13013JBL9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5322382.50   | 0.75%             | 2053-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SUZ5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    435000 | PA      | $436791.50    | 0.06%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency VIII                                                | CMFA Special Finance Agency VIII                                                              | CUSIP: 12574VAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2248959.00   | 0.32%             | 2047-08-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency               | San Francisco City & County Redevelopment Agency Successor Agency, Series 2023                | CUSIP: 79772ADN4<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1362913.13   | 0.19%             | 2042-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, Series 2024 B                               | CUSIP: 13032UL22<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1264901.00   | 0.18%             | 2053-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Irvine Facilities Financing Authority                                           | Irvine Facilities Financing Authority                                                         | CUSIP: 46360WAY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3616462.80   | 0.51%             | 2058-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp. Sales Tax                                               | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   2826000 | PA      | $2623690.33   | 0.37%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13078YPX7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018168.40   | 0.14%             | 2044-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                            | Guam Government Waterworks Authority                                                          | CUSIP: 40065FDF8<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    720000 | PA      | $720023.18    | 0.10%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA Special Tax District No. 2020-1               | City & County of San Francisco                                                                | CUSIP: 79771HAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35251.86     | 0.00%             | 2026-09-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Mountain View School District School Facilities Improvement District No. 3      | Mountain View School District School Facilities Improvement District No. 3, Series 2025A      | CUSIP: 62440DAQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $892845.10    | 0.13%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2022 A   | CUSIP: 79766DUG2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2172733.00   | 0.31%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Antelope Valley Community College District                                      | Antelope Valley Community College District, Series 2026                                       | CUSIP: 03667PLN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047248.50   | 0.15%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Public Works Financing Authority                             | Los Angeles County Public Works Financing Authority, Series 2024 H                            | CUSIP: 54473EYP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2174913.20   | 0.31%             | 2053-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2023B                                          | CUSIP: 13051AGA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    625000 | PA      | $651803.88    | 0.09%             | 2043-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sierra Sands Unified School District                                            | Sierra Sands Unified School District                                                          | CUSIP: 826482CV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $934985.39    | 0.13%             | 2033-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | California Educational Facilities Authority                                                   | CUSIP: 130179GT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003679.40   | 0.14%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2024 A   | CUSIP: 79766DWW5<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4187627.60   | 0.59%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | California Housing Finance Agency, Series 2024 U                                              | CUSIP: 13034DAP9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4901628.50   | 0.69%             | 2040-09-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| City of Upland CA                                                               | City of Upland                                                                                | CUSIP: 915346GB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003700.20   | 0.14%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series BDS 2024 A                                     | CUSIP: 130489AC1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4984221.00   | 0.70%             | 2044-06-01      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| Sierra View Local Health Care District CA                                       | Sierra View Local Health Care District                                                        | CUSIP: 82650PDJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $699250.56    | 0.10%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13058TCJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $935384.88    | 0.13%             | 2040-08-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                                  | County of Sacramento CA Airport System Revenue                                                | CUSIP: 786107RY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019160.40   | 0.14%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13059TEW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $735588.56    | 0.10%             | 2047-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024A                                          | CUSIP: 13051BAB2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    350000 | PA      | $351135.96    | 0.05%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | California Educational Facilities Authority                                                   | CUSIP: 130179KL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $934796.10    | 0.13%             | 2047-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13058TKC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $948539.20    | 0.13%             | 2050-08-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048VJF6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1855074.25   | 0.26%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Garden Grove Unified School District                                            | Garden Grove Unified School District                                                          | CUSIP: 3652984E5<br>LEI: 5493003B67I0BLYG4P22 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2884862.70   | 0.41%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Huntington Beach Community Facilities District                                  | Huntington Beach Community Facilities District                                                | CUSIP: 446188DX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013467.00   | 0.14%             | 2031-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2024                                              | CUSIP: 13058TUE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009337.90   | 0.14%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13058TDQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $600000.00    | 0.08%             | 2046-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025A                                          | CUSIP: 130483HW3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3215191.04   | 0.45%             | 2043-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080STL8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005657.00   | 0.14%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Bernardino City Unified School District                                     | San Bernardino City Unified School District                                                   | CUSIP: 796714EY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2015056.20   | 0.28%             | 2043-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13058TSF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $555431.53    | 0.08%             | 2043-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority, Series 2025A                                             | CUSIP: 13058TVD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1680483.66   | 0.24%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | State of California                                                                           | CUSIP: 13063EKM7<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   2155000 | PA      | $2221760.39   | 0.31%             | 2036-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | Black Belt Energy Gas District                                                                | CUSIP: 09182TAW7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1221560.67   | 0.17%             | 2052-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp. Sales Tax                                               | CUSIP: 74529JQF5<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   1524000 | PA      | $1144546.40   | 0.16%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                 | California County Tobacco Securitization Agency                                               | CUSIP: 13016NJB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $944344.65    | 0.13%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | Black Belt Energy Gas District                                                                | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2735000 | PA      | $2921133.98   | 0.41%             | 2053-02-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | Puerto Rico Electric Power Authority                                                          | CUSIP: 74526QKX9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    620000 | PA      | $424700.00    | 0.06%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ontario Public Financing Authority                                              | Ontario Public Financing Authority, Series 2025A                                              | CUSIP: 68304REK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $986066.30    | 0.14%             | 2055-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | Puerto Rico Electric Power Authority                                                          | CUSIP: 74526QYY2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    455000 | PA      | $311675.00    | 0.04%             | 2027-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Alameda Unified School District-Alameda County                                  | Alameda Unified School District-Alameda County, Series B                                      | CUSIP: 010824NF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1867329.20   | 0.26%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | Texas Water Development Board, Series 2023 A                                                  | CUSIP: 88285ADU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1616621.92   | 0.23%             | 2058-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                        | River Islands Public Financing Authority, Series 2022 A-1                                     | CUSIP: 76827QGQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4865923.00   | 0.69%             | 2047-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico                                                                   | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    169415 | PA      | $160774.89    | 0.02%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2024 A   | CUSIP: 79766DWX3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037608.10   | 0.15%             | 2049-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico                                                                   | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    230339 | PA      | $206260.84    | 0.03%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Luis Obispo Public Financing Authority                                      | San Luis Obispo Public Financing Authority, Series 2023                                       | CUSIP: 798641CQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5303920.00   | 0.75%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp. Sales Tax                                               | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    944000 | PA      | $903200.32    | 0.13%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District CA                                            | San Diego Unified School District                                                             | CUSIP: 797356FU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2145000 | PA      | $2036752.36   | 0.29%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                                  | County of Sacramento, Series 2024                                                             | CUSIP: 786107VC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3730799.10   | 0.53%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | California Housing Finance Agency, Series 2025 R                                              | CUSIP: 13034DAX2<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1864735.92   | 0.26%             | 2044-08-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| San Joaquin Area Flood Control Agy Levee Construction & Maintenance Assmnt Dist | San Joaquin Area Flood Control Agy Levee Construction & Maintenance Assmnt Dist, Series 2023A | CUSIP: 79806NAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $806899.49    | 0.11%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp. Sales Tax                                               | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   5346000 | PA      | $5159274.38   | 0.73%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Kern/Cawelo Financing Authority                                           | North Kern, Series 2025 A                                                                     | CUSIP: 660313DW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1434107.84   | 0.20%             | 2054-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025A                                          | CUSIP: 13048V3X4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1554384.47   | 0.22%             | 2044-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ravenswood City School District                                                 | Ravenswood City School District, Series 2025B                                                 | CUSIP: 754405KJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $388063.49    | 0.05%             | 2044-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education Dedicated Capital Improvement Tax                    | Chicago Board of Education Dedicated Capital Improvement Tax                                  | CUSIP: 167510BJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $764286.74    | 0.11%             | 2048-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, Series 2025 A                               | CUSIP: 13032U3Y2<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2690252.00   | 0.38%             | 2054-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | Territory of Guam                                                                             | CUSIP: 40065HDU1<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    170000 | PA      | $171653.23    | 0.02%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | Territory of Guam                                                                             | CUSIP: 40065NCR6<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    390000 | PA      | $362258.09    | 0.05%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lake Tahoe Unified School District                                              | Lake Tahoe Unified School District                                                            | CUSIP: 511012LW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1334172.34   | 0.19%             | 2045-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SEX8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1649495.27   | 0.23%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Santa Barbara Community College District                                        | Santa Barbara Community College District, Series 2025 A                                       | CUSIP: 801283HN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $269754.83    | 0.04%             | 2046-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Wastewater System Revenue                   | East Bay Municipal Utility District Wastewater System, Series 2024A                           | CUSIP: 271012HG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057091.10   | 0.15%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fresno CA Airport Revenue                                               | City of Fresno                                                                                | CUSIP: 358100FQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $952384.20    | 0.13%             | 2044-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                | California Pollution Control Financing Authority                                              | CUSIP: 13054WAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1624565.67   | 0.23%             | 2045-11-21      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Public Finance Authority                                             | California Public Finance Authority                                                           | CUSIP: 13057EFP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1859577.20   | 0.26%             | 2051-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Toll Road Investors Partnership II LP                                           | Toll Road Investors Partnership II LP                                                         | CUSIP: 88948ABM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1044360 | PA      | $353933.60    | 0.05%             | 2043-02-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Beverly Hills Unified School District CA                                        | Beverly Hills Unified School District                                                         | CUSIP: 088023HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4335000 | PA      | $3986184.66   | 0.56%             | 2029-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                             | California Public Finance Authority                                                           | CUSIP: 13057GAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1125357.00   | 0.16%             | 2046-11-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | San Francisco City & County Airport Comm-San Francisco International Airport                  | CUSIP: 79766DMA4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   2605000 | PA      | $2631910.17   | 0.37%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico                                                                   | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    282606 | PA      | $201842.04    | 0.03%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                | California Pollution Control Financing Authority                                              | CUSIP: 13054WAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021879.30   | 0.14%             | 2039-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| San Francisco Community College District                                        | San Francisco Community College District, Series B                                            | CUSIP: 797683KJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5364259.50   | 0.76%             | 2049-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ravenswood City School District                                                 | Ravenswood City School District, Series 2025B                                                 | CUSIP: 754405KK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $428656.14    | 0.06%             | 2045-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign                      | Burbank-Glendale-Pasadena Airport Authority Brick Campaign, Series 2024B                      | CUSIP: 120827EF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3351981.10   | 0.47%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                 | California County Tobacco Securitization Agency                                               | CUSIP: 13016NHB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $1937114.00   | 0.27%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | Puerto Rico Electric Power Authority                                                          | CUSIP: 74526QXN7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    325000 | PA      | $222625.00    | 0.03%             | 2023-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ontario Public Financing Authority                                              | Ontario Public Financing Authority                                                            | CUSIP: 68304RDG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $978945.48    | 0.14%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SM84<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5141508.50   | 0.73%             | 2057-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Sweetwater Union High School District                                           | Sweetwater Union High School District                                                         | CUSIP: 870462TJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1940901.80   | 0.27%             | 2043-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                                  | County of Sacramento, Series 2025D                                                            | CUSIP: 786107VX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2069961.00   | 0.29%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048TR70<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1291495.44   | 0.18%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                             | California Community Housing Agency                                                           | CUSIP: 13013FAS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2353947.44   | 0.33%             | 2043-02-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| California Enterprise Development Authority                                     | California Enterprise Development Authority, Series 2024A                                     | CUSIP: 13069BBC9<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015823.90   | 0.14%             | 2045-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | City of Los Angeles Department of Airports                                                    | CUSIP: 544445WS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4489384.50   | 0.63%             | 2049-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2023B                                          | CUSIP: 13051AGB8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1936247.74   | 0.27%             | 2053-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Pajaro Valley Water Management Agency                                           | Pajaro Valley Water Management Agency                                                         | CUSIP: 69580AAP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3336361.00   | 0.47%             | 2048-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| El Dorado Irrigation District                                                   | El Dorado Irrigation District                                                                 | CUSIP: 283059GL1<br>LEI: 54930090GZM9I8KVSN04 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3198048.00   | 0.45%             | 2050-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Long Beach CA Airport System Revenue                                    | City of Long Beach                                                                            | CUSIP: 542403DQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1459724.12   | 0.21%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | California Housing Finance Agency, Series 2024 ISSUE DD                                       | CUSIP: 13034DAT1<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5002498.50   | 0.71%             | 2037-11-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Modesto Elementary School District                                              | Modesto Elementary School District                                                            | CUSIP: 607735CZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $77525.93     | 0.01%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Pasadena Public Financing Authority                                             | Pasadena Public Financing Authority, Series 2024                                              | CUSIP: 702274DT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $397940.06    | 0.06%             | 2048-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority, Series 2025B                                 | CUSIP: 13013JGF7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3289620.90   | 0.46%             | 2056-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Antelope Valley Community College District                                      | Antelope Valley Community College District, Series D                                          | CUSIP: 03667PKV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $1147638.45   | 0.16%             | 2049-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education Dedicated Capital Improvement Tax                    | Chicago Board of Education Dedicated Capital Improvement Tax                                  | CUSIP: 167510BH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $334820.51    | 0.05%             | 2045-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SML5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1955000 | PA      | $1881989.74   | 0.27%             | 2056-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| County of Sacramento CA                                                         | County of Sacramento, Series BDS 2024 A                                                       | CUSIP: 78611AAA2<br>LEI: 549300OXI5MD45L13R20 | Long             | DBT              | MUN               | US        |   2470000 | PA      | $2415720.76   | 0.34%             | 2040-05-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| West Contra Costa Unified School District                                       | West Contra Costa Unified School District                                                     | CUSIP: 9523476K3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3365000 | PA      | $2681682.24   | 0.38%             | 2046-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                          | M-S-R Energy Authority                                                                        | CUSIP: 55374SAB6<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $2123291.98   | 0.30%             | 2034-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, Series 2025 A                               | CUSIP: 13032U3C0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2661603.50   | 0.38%             | 2048-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Rancho Cucamonga CA Community Facilities District                       | City of Rancho Cucamonga CA Community Facilities District                                     | CUSIP: 752117PH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014735.10   | 0.14%             | 2033-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048TR88<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    850000 | PA      | $859456.42    | 0.12%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SMK7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    200000 | PA      | $188883.80    | 0.03%             | 2046-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Sierra View Local Health Care District CA                                       | Sierra View Local Health Care District                                                        | CUSIP: 82650PDK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $678772.07    | 0.10%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | State of Illinois                                                                             | CUSIP: 4521526M8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    410000 | PA      | $429827.35    | 0.06%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Upland CA                                                               | City of Upland                                                                                | CUSIP: 915346GA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $900343.20    | 0.13%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Stockton Public Financing Authority                                             | Stockton Public Financing Authority                                                           | CUSIP: 86139TAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1546864.80   | 0.22%             | 2047-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                     | California Enterprise Development Authority, Series 2024A                                     | CUSIP: 13067VBT0<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   3375000 | PA      | $3648905.55   | 0.51%             | 2059-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2025A                                          | CUSIP: 13048V3G1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $505817.70    | 0.07%             | 2054-11-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048TVK6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    205000 | PA      | $205127.59    | 0.03%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Housing Authority, Inc.                                               | San Diego Housing Authority, Inc., Series 2005                                                | CUSIP: 79728FLK5<br>LEI: 549300X9H1ODNOOT1Q87 | Long             | DBT              | MUN               | US        |    220000 | PA      | $211880.11    | 0.03%             | 2036-02-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp. Sales Tax                                               | CUSIP: 74529JRJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    385000 | PA      | $368360.30    | 0.05%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Matching Fund Special Purpose Securitization Corp.                              | Matching Fund Special Purpose Securitization Corp.                                            | CUSIP: 57665NAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |    205000 | PA      | $206590.00    | 0.03%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                           | CSCDA Community Improvement Authority                                                         | CUSIP: 126292BC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1436599.20   | 0.20%             | 2057-03-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                        | East Bay Municipal Utility District Water System, Series 2024 A                               | CUSIP: 271014Q70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2114182.20   | 0.30%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp. Sales Tax                                               | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    382000 | PA      | $358988.40    | 0.05%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 130591BE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $712268.83    | 0.10%             | 2030-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SC44<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $472271.20    | 0.07%             | 2040-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico                                                                   | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    219601 | PA      | $217132.99    | 0.03%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2024A                                          | CUSIP: 13048V2T4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1283750.26   | 0.18%             | 2049-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13058TLZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $441305.69    | 0.06%             | 2041-08-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California School Finance Authority                                             | California School Finance Authority                                                           | CUSIP: 13059TFU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1036036.68   | 0.15%             | 2049-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048RAF4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3001337.10   | 0.42%             | 2044-12-01      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| Doylestown Hospital Authority                                                   | Doylestown Hospital Authority, Series 2019A                                                   | CUSIP: 261333HC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5399.94      | 0.00%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                                  | County of Sacramento, Series 2025A                                                            | CUSIP: 786107XC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2074695.40   | 0.29%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority                                        | CUSIP: 13080SWM2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    375000 | PA      | $384568.88    | 0.05%             | 2034-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13048VJE9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $415607.45    | 0.06%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2023 C   | CUSIP: 79766DVY2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5335618.50   | 0.75%             | 2048-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority                                               | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5334561.00   | 0.75%             | 2054-01-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority                                                        | CUSIP: 13049YBF7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2605000 | PA      | $2681944.67   | 0.38%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA Special Tax District No. 2020-1               | City & County of San Francisco                                                                | CUSIP: 79771HAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1355387.52   | 0.19%             | 2051-09-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico                                                                   | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    765550 | PA      | $660762.05    | 0.09%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Antelope Valley Community College District                                      | Antelope Valley Community College District, Series 2026                                       | CUSIP: 03667PLQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1736449.55   | 0.24%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Lake Tahoe Public Financing Authority                                     | North Lake Tahoe Public Financing Authority                                                   | CUSIP: 66038WBJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4425000 | PA      | $4761040.25   | 0.67%             | 2047-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico                                                                   | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    908524 | PA      | $600761.78    | 0.08%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | Commonwealth of Puerto Rico                                                                   | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    497583 | PA      | $551402.12    | 0.08%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** MFS Municipal Series Trust

**Signature:** James Byrne

**Name of Signer:** James Byrne

**Title:** Assistant Treasurer