# EDGAR Filing Document

**Accession Number:** 0000757010
**File Stem:** 0001752724-25-178294
**Filing Date:** 2025-7
**Character Count:** 305452
**Document Hash:** a5ae7ccc98063857d65048956b985cc1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-178294.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-178294

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN TAX FREE TRUST
- **CENTRAL INDEX KEY:** 0000757010

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04149
- **FILM NUMBER:** 251150128

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-2000

**MAIL ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906

## Series and Classes Contracts Data

### FRANKLIN FEDERAL INTERMEDIATE-TERM TAX-FREE INCOME FUND (Series ID: S000006932)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018802 | CLASS A1      | FKITX           |
| C000018803 | CLASS C       | FCITX           |
| C000074134 | ADVISOR CLASS | FITZX           |
| C000194372 | Class R6      | FITQX           |
| C000205910 | Class A       | FKQTX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Franklin Tax Free Trust

- **b. Investment Company Act file number:** 811-04149

- **c. CIK number of Registrant:** 0000757010

- **d. LEI of Registrant:** 549300C12HCE48FV1C70

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

  - **Street Address 1:** One Franklin Parkway

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94403-1906

  - **Telephone number:** 650-312-2000

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

- **a. Name of Series:** Franklin Federal Intermediate-Term Tax-Free Income Fund

- **b. EDGAR series identifier (if any):** S000006932

- **c. LEI of Series:** 549300EKU3ZFFWEI1I28

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

- **a. Date of fiscal year-end:** 2026-02-28

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2024195527.55

**Total Liabilities:** $9510791.52

**Net Assets:** $2014684736.03

**Delayed Delivery Securities:** $2226891.50

**Cash Not Reported:** $48197.19

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -15.70000000 | **1-Year:** -7460.96000000 | **5-Year:** -126256.70000000 | **10-Year:** -484899.81000000 | **30-Year:** -320431.72000000

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

- **3-Month:** -138.94000000 | **1-Year:** -1674.93000000 | **5-Year:** -25841.18000000 | **10-Year:** -85194.32000000 | **30-Year:** -40063.11000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000194372 | -1.32%               | -0.43%               | 0.03%                |
| Class ID C000018803 | -1.28%               | -0.49%               | -0.03%               |
| Class ID C000018802 | -1.33%               | -0.45%               | 0.02%                |
| Class ID C000074134 | -1.32%               | -0.44%               | 0.03%                |
| Class ID C000205910 | -1.26%               | -0.46%               | -0.09%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2997321.59             | $-29819575.25                              |
| Month 2  | $-4085165.86             | $-10872903.69                              |
| Month 3  | $-1390653.35             | $-4298539.66                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Iowa Finance Authority                                                           | Iowa Finance Authority, Series 2016 A                                                                                  | CUSIP: 46246K3N0<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    350000 | PA      | $345954.95    | 0.02%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | Kentucky State Property & Building Commission                                                                          | CUSIP: 49151FZC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2097902.40   | 0.10%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | Municipal Electric Authority of Georgia, Series 2019 B                                                                 | CUSIP: 6262072E3<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    500000 | PA      | $519237.30    | 0.03%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | Oregon State Facilities Authority, Series 2020 A                                                                       | CUSIP: 68608JYF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $627161.64    | 0.03%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2021 A                                                                | CUSIP: 04052BPZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $73200.13     | 0.00%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2022 A                                                                | CUSIP: 04052FDP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5332302.00   | 0.26%             | 2041-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | South Carolina Jobs-Economic Development Authority, Series 2021 A-1                                                    | CUSIP: 837031C84<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   7400000 | PA      | $6195641.12   | 0.31%             | 2036-12-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Series B                                                                  | CUSIP: 93978HUK9<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021799.90   | 0.05%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Detroit Downtown Development Authority                                           | Detroit Downtown Development Authority, Series 2024                                                                    | CUSIP: 251135HU6<br>LEI: 549300WO3NSMP6FECO66 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5039331.50   | 0.25%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2023 A                                                                               | CUSIP: 45471FAB7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    650000 | PA      | $687594.38    | 0.03%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | South Carolina Public Service Authority, Series 2020 A                                                                 | CUSIP: 837151WT2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2355000 | PA      | $2548167.46   | 0.13%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2025 B                                                                               | CUSIP: 45506ENG4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $971069.40    | 0.05%             | 2045-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2024 B                                                                                | CUSIP: 74442PG41<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   8200000 | PA      | $8431394.16   | 0.42%             | 2044-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | Commonwealth of Massachusetts, Series A                                                                                | CUSIP: 57582REK8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7511487.00   | 0.37%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | City of Chicago, Series 2024 B                                                                                         | CUSIP: 167486U23<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   5575000 | PA      | $5852992.36   | 0.29%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission, Series 2023                                                               | CUSIP: 93978LGM2<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2145974.40   | 0.11%             | 2038-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Stamford CT                                                              | City of Stamford, Series 2019                                                                                          | CUSIP: 852634QF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3025000 | PA      | $2794656.84   | 0.14%             | 2035-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                                        | Michigan State Hospital Finance Authority, Series 2008 C                                                               | CUSIP: 59465HUS3<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2793508.56   | 0.14%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2019 A                                                                | CUSIP: 04052FAT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1069251.86   | 0.05%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kaufman County Fresh Water Supply District No. 1-D                               | Kaufman County Fresh Water Supply District No. 1-D, Series 2024                                                        | CUSIP: 48618TBV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $662692.60    | 0.03%             | 2043-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Salem Hospital Facility Authority                                                | Salem Hospital Facility Authority, Series 2019 A                                                                       | CUSIP: 794458FP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3780000 | PA      | $3931452.13   | 0.20%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | Black Belt Energy Gas District, Series 2024 C                                                                          | CUSIP: 09182TDU8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4160565.20   | 0.21%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Ector County Hospital District                                                   | Ector County Hospital District, Series 2020                                                                            | CUSIP: 279251AN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $664266.33    | 0.03%             | 2033-09-15      | 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: 79766DVM8<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16093746.00  | 0.80%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Houston Redevelopment Authority                                             | Lake Houston Redevelopment Authority, Series 2021                                                                      | CUSIP: 51001QAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $210334.95    | 0.01%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2021 A                                                                                | CUSIP: 74444VBK5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    320000 | PA      | $318764.16    | 0.02%             | 2029-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Herons Glen Recreation District                                                  | Herons Glen Recreation District, Series 2020                                                                           | CUSIP: 427747BN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $175837.91    | 0.01%             | 2032-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | Iowa Finance Authority, Series 2016 A                                                                                  | CUSIP: 46246K3Q3<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    680000 | PA      | $684199.27    | 0.03%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2020 C                                                                                       | CUSIP: 4521527B1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   8170000 | PA      | $7700592.65   | 0.38%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tohopekaliga Water Authority                                                     | Tohopekaliga Water Authority, Series 2016                                                                              | CUSIP: 88906REX4<br>LEI: 549300IZ325ZGEHGR946 | Long             | DBT              | MUN               | US        |   2855000 | PA      | $2865013.63   | 0.14%             | 2032-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State Board of Administration Finance Corp.                                      | State Board of Administration Finance Corp., Series 2024 A                                                             | CUSIP: 341271AH7<br>LEI: 549300S34SOJ0RULXM35 | Long             | DBT              | MUN               | US        |   6600000 | PA      | $6666460.02   | 0.33%             | 2034-07-01      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | Maryland Health & Higher Educational Facilities Authority, Series 2020                                                 | CUSIP: 57421CAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $390379.20    | 0.02%             | 2039-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                     | South Carolina State Housing Finance & Development Authority, Series 2021 B                                            | CUSIP: 83712EHP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3289834.02   | 0.16%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No. 12 North Clackamas                          | Clackamas County School District No. 12 North Clackamas, Series B                                                      | CUSIP: 179093JG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3725000 | PA      | $3836793.21   | 0.19%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                    | Main Street Natural Gas, Inc., Series 2022 A                                                                           | CUSIP: 56035DDX7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9919338.00   | 0.49%             | 2052-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | City of Chicago, Series 2021 A                                                                                         | CUSIP: 167486M30<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   6655000 | PA      | $6887991.55   | 0.34%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Madison City Board of Education                                                  | Madison City Board of Education, Series 2019                                                                           | CUSIP: 55658FAQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3095000 | PA      | $3129188.61   | 0.16%             | 2035-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | Municipal Electric Authority of Georgia, Series 2019 B                                                                 | CUSIP: 6262072F0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    480000 | PA      | $497579.57    | 0.02%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Beach Community Development District                                             | Beach Community Development District, Series 2024                                                                      | CUSIP: 07332WAP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1425849.46   | 0.07%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                    | Main Street Natural Gas, Inc., Series 2023 E-1                                                                         | CUSIP: 56035DGB2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  11495000 | PA      | $12038472.11  | 0.60%             | 2053-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education Dedicated Capital Improvement Tax                     | Chicago Board of Education, Series 2023                                                                                | CUSIP: 167510BD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3720000 | PA      | $3875787.65   | 0.19%             | 2040-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                           | City of Grand Forks, Series 2021                                                                                       | CUSIP: 38546WDB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1674230.08   | 0.08%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                         | Arlington Higher Education Finance Corp., Series 2024                                                                  | CUSIP: 041807KX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $220148.38    | 0.01%             | 2049-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2019 B                                                                                       | CUSIP: 4521525T4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   4680000 | PA      | $4317332.29   | 0.21%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | Connecticut State Health & Educational Facilities Authority, Series M                                                  | CUSIP: 20775DNX6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    250000 | PA      | $257906.78    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Herons Glen Recreation District                                                  | Herons Glen Recreation District, Series 2020                                                                           | CUSIP: 427747BR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $230054.57    | 0.01%             | 2035-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | Arkansas Development Finance Authority, Series 2020 B-1                                                                | CUSIP: 04084RBW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005517.00   | 0.05%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | Metropolitan Transportation Authority, Series 2015 A-2                                                                 | CUSIP: 59261AG68<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7294100.10   | 0.36%             | 2045-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2021 A                                                                              | CUSIP: 45204FNA9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    426918 | PA      | $123806.19    | 0.01%             | 2031-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | Health & Educational Facilities Authority of the State of Missouri, Series 2024 A                                      | CUSIP: 60635H4B2<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2479217.25   | 0.12%             | 2048-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Travis County Development Authority                                              | Travis County Development Authority, Series 2025                                                                       | CUSIP: 89441ABA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $471975.35    | 0.02%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co.                                                       | Philadelphia Gas Works Co., Series 15th                                                                                | CUSIP: 71783MAR6<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   4030000 | PA      | $4145600.15   | 0.21%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2021 A                                                                                | CUSIP: 74442EGS3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    200000 | PA      | $198384.44    | 0.01%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                                        | Michigan State Hospital Finance Authority, Series 1999 B-3                                                             | CUSIP: 59465HUY0<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5196913.26   | 0.26%             | 2033-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2017                                                                     | CUSIP: 546399CD6<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2308306.28   | 0.11%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | Maryland Health & Higher Educational Facilities Authority, Series 2017 B                                               | CUSIP: 574218V26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7415000 | PA      | $7640444.18   | 0.38%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2022 A                                                                                       | CUSIP: 452153CQ0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   6385000 | PA      | $6715025.96   | 0.33%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority, Series 2018 A                                                                      | CUSIP: 64990FNQ3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5314.36      | 0.00%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | New Jersey Health Care Facilities Financing Authority, Series 2017 A                                                   | CUSIP: 645790LF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $926335.71    | 0.05%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pine Isle Community Development District                                         | Pine Isle Community Development District, Series 2021                                                                  | CUSIP: 72265AAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $824268.90    | 0.04%             | 2041-12-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Series 2020                                                               | CUSIP: 93978HXG5<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021761.00   | 0.05%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Drainage & Wastewater Revenue                                 | City of Seattle, Series 2014                                                                                           | CUSIP: 812631KZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2995000 | PA      | $2998059.39   | 0.15%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                         | Arlington Higher Education Finance Corp., Series 2024                                                                  | CUSIP: 041807KZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $893864.60    | 0.04%             | 2059-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                                     | Gainesville & Hall County Hospital Authority, Series A                                                                 | CUSIP: 362762LL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2055740.00   | 0.10%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | Pennsylvania Economic Development Financing Authority, Series 2023 B                                                   | CUSIP: 70870JGF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2310761.58   | 0.11%             | 2040-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima (The)                     | Industrial Development Authority of the County of Pima (The), Series 2022 B-3                                          | CUSIP: 72178AAM4<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600849.12   | 0.08%             | 2029-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2024 A                                                     | CUSIP: 97712JKM4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |  11500000 | PA      | $12047841.60  | 0.60%             | 2054-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Conroe Local Government Corp.                                                    | Conroe Local Government Corp., Series 2021 C                                                                           | CUSIP: 20841CAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $65421.37     | 0.00%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                 | Port of Greater Cincinnati Development Authority, Series 2024 B                                                        | CUSIP: 734195EE6<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |  12535000 | PA      | $11242690.39  | 0.56%             | 2058-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Town of Little Elm TX                                                            | Town of Little Elm, Series 2021                                                                                        | CUSIP: 537098BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    281000 | PA      | $249051.79    | 0.01%             | 2031-09-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2020 A                                                     | CUSIP: 97712D6S0<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000960.80   | 0.05%             | 2035-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2018 A                                                                               | CUSIP: 45506DS22<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   6795000 | PA      | $7036556.81   | 0.35%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Upper Illinois River Valley Development Authority                                | Upper Illinois River Valley Development Authority, Series 2024 A-1                                                     | CUSIP: 91588LAQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4931171.50   | 0.24%             | 2031-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                            | City of Farmington, Series 2016 A                                                                                      | CUSIP: 311450FV7<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |  13500000 | PA      | $11219112.90  | 0.56%             | 2033-04-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| San Antonio Education Facilities Corp.                                           | San Antonio Education Facilities Corp., Series 2021 A                                                                  | CUSIP: 796247DG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1695435.40   | 0.08%             | 2040-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | City of Baltimore, Series 2017 C                                                                                       | CUSIP: 059231L99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5905000 | PA      | $6040740.60   | 0.30%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 15                                    | Village Community Development District No. 15, Series 2024                                                             | CUSIP: 92708KAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $935465.50    | 0.05%             | 2039-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                            | Chicago Park District, Series 2020 F-2                                                                                 | CUSIP: 167615G23<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3167047.20   | 0.16%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tampa FL                                                                 | City of Tampa, Series 2020 B                                                                                           | CUSIP: 875161CZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $662910.50    | 0.03%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Redevelopment Authority of the City of Philadelphia                              | Redevelopment Authority of the City of Philadelphia, Series 2021 A                                                     | CUSIP: 717868HD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2089975.10   | 0.10%             | 2033-09-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| City of Berea KY                                                                 | City of Berea, Series 2002 A                                                                                           | CUSIP: 083536AB8<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |    700000 | PA      | $700000.00    | 0.03%             | 2032-06-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                                        | Michigan State Hospital Finance Authority, Series 2008 C                                                               | CUSIP: 59465HWA0<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1150487.89   | 0.06%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Madison City Board of Education                                                  | Madison City Board of Education, Series 2019                                                                           | CUSIP: 55658FAS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3350000 | PA      | $3349244.58   | 0.17%             | 2037-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Maryland Creek Ranch Metropolitan District                                 | South Maryland Creek Ranch Metropolitan District, Series 2023                                                          | CUSIP: 838797AT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017763.10   | 0.05%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | City of Baltimore, Series 2017 A                                                                                       | CUSIP: 05922KYK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1356551.59   | 0.07%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Education Facilities Corp.                                           | San Antonio Education Facilities Corp., Series 2021 A                                                                  | CUSIP: 796247DF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2435000 | PA      | $2108723.39   | 0.10%             | 2039-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Glendale Industrial Development Authority                                        | Glendale Industrial Development Authority, Series 2020                                                                 | CUSIP: 378286KP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $560778.38    | 0.03%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | Oregon State Facilities Authority, Series 2020 A                                                                       | CUSIP: 68608JYE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $337683.09    | 0.02%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vancouver Housing Authority                                                      | Vancouver Housing Authority, Series 2025                                                                               | CUSIP: 92162PAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1861433.20   | 0.09%             | 2039-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2019 A-2                                                                  | CUSIP: 19648FKN3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |  11635000 | PA      | $11974321.98  | 0.59%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                          | Energy Southeast A Cooperative District, Series 2024 B                                                                 | CUSIP: 292723BN2<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7411266.10   | 0.37%             | 2054-07-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | City of Los Angeles, Series 2025 A                                                                                     | CUSIP: 5444452T5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14960000 | PA      | $15607410.46  | 0.77%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | New Jersey Economic Development Authority, Series 2022 A                                                               | CUSIP: 64577XDZ6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |  16000000 | PA      | $16576414.40  | 0.82%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                 | State of Florida, Series 2015 E                                                                                        | CUSIP: 34153QAZ9<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |  11855000 | PA      | $11855000.00  | 0.59%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Rhode Island                                                            | State of Rhode Island, Series 2019 C                                                                                   | CUSIP: 76222RZH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1538856.21   | 0.08%             | 2034-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| East Baton Rouge Sewerage Commission                                             | East Baton Rouge Sewerage Commission, Series 2019 A                                                                    | CUSIP: 270618FK2<br>LEI: 5493006BC84VNIRSCG97 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1997945.80   | 0.10%             | 2036-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                          | Bay Area Toll Authority, Series 2017 S-7                                                                               | CUSIP: 072024VE9<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7046867.80   | 0.35%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DeKalb County Housing Authority                                                  | DeKalb County Housing Authority, Series 2024                                                                           | CUSIP: 240471PH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2417562.00   | 0.12%             | 2034-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2017                                                                     | CUSIP: 546399CE4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1786373.43   | 0.09%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign                       | Burbank-Glendale-Pasadena Airport Authority Brick Campaign, Series 2024 A                                              | CUSIP: 120827DN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4444047.16   | 0.22%             | 2054-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | Municipal Electric Authority of Georgia, Series 2019 A                                                                 | CUSIP: 626207Y40<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043190.70   | 0.05%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2019 A-2                                                                  | CUSIP: 19648FKR4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5570760.25   | 0.28%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Monroe County (The)                                     | Development Authority of Monroe County (The), Series 2009                                                              | CUSIP: 610530FU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2266611.65   | 0.11%             | 2049-07-01      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | Maricopa County Industrial Development Authority, Series 2019 A                                                        | CUSIP: 56678PAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $831683.28    | 0.04%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kaufman County Fresh Water Supply District No. 1-D                               | Kaufman County Fresh Water Supply District No. 1-D, Series 2021                                                        | CUSIP: 48618TAU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $136197.49    | 0.01%             | 2029-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | Oregon State Facilities Authority, Series 2020 A                                                                       | CUSIP: 68608JYC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $152187.02    | 0.01%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Horace ND                                                                | City of Horace, Series 2024 C                                                                                          | CUSIP: 440365JN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1045278.85   | 0.05%             | 2044-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2023 A                                                                               | CUSIP: 45506EEP4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1396800.53   | 0.07%             | 2030-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lake Houston Redevelopment Authority                                             | Lake Houston Redevelopment Authority, Series 2021                                                                      | CUSIP: 51001QAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $174638.36    | 0.01%             | 2034-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Centre Lake Community Development District                                       | Centre Lake Community Development District, Series 2021                                                                | CUSIP: 156309AN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $238329.94    | 0.01%             | 2030-05-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2020 A                                                                | CUSIP: 04052FBR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $553216.26    | 0.03%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Madison City Board of Education                                                  | Madison City Board of Education, Series 2019                                                                           | CUSIP: 55658FAP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2970000 | PA      | $3018991.64   | 0.15%             | 2034-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | Maricopa County Industrial Development Authority, Series 2019 A                                                        | CUSIP: 56678PAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044543.70   | 0.05%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ector County Hospital District                                                   | Ector County Hospital District, Series 2020                                                                            | CUSIP: 279251AQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $635901.63    | 0.03%             | 2035-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2015 A                                                                              | CUSIP: 45203HV41<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    500000 | PA      | $499999.95    | 0.02%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson Sales Tax District                                                     | Jefferson Sales Tax District, Series 2019 B                                                                            | CUSIP: 474176LF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5996901.60   | 0.30%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                  | Kentucky Economic Development Finance Authority, Series 2019 A-1                                                       | CUSIP: 49126PGA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028010.20   | 0.05%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Gainesville FL Utilities System Revenue                                  | City of Gainesville, Series 2017 A                                                                                     | CUSIP: 362848UC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1569553.05   | 0.08%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority                                      | Lee County Industrial Development Authority, Series 2019 A-1                                                           | CUSIP: 52350LAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4764377.50   | 0.24%             | 2037-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                                          | City of Phoenix Civic Improvement Corp., Series 2023                                                                   | CUSIP: 71883MQQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4569191.15   | 0.23%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Industrial Development Agency                                      | New York City Industrial Development Agency, Series 2020 A                                                             | CUSIP: 64971PKD6<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2252314.50   | 0.11%             | 2036-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fiddlers Business Improvement District                                           | Fiddlers Business Improvement District, Series 2022                                                                    | CUSIP: 315730AW1<br>LEI: 549300WOAV7DR3N7QL76 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012009.80   | 0.05%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | Municipal Electric Authority of Georgia, Series 2019 A                                                                 | CUSIP: 626207X90<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049399.60   | 0.05%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                                        | Orange County Health Facilities Authority, Series 2016 A                                                               | CUSIP: 68450LEE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2917753.26   | 0.14%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2019 A                                                                | CUSIP: 04052FAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $626033.28    | 0.03%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State Education Assistance Authority                              | North Carolina State Education Assistance Authority, Series 2020 A                                                     | CUSIP: 658262GN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $365669.22    | 0.02%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tampa FL                                                                 | City of Tampa, Series 2020 B                                                                                           | CUSIP: 875161DA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $464624.70    | 0.02%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Lubbock TX                                                               | City of Lubbock, Series 2024                                                                                           | CUSIP: 5491886V7<br>LEI: 549300I1QTL3QZV4BX74 | Long             | DBT              | MUN               | US        |   2205000 | PA      | $2282208.96   | 0.11%             | 2044-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glendale Industrial Development Authority                                        | Glendale Industrial Development Authority, Series 2020                                                                 | CUSIP: 378286KN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $455373.09    | 0.02%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                          | Massachusetts Water Resources Authority, Series C                                                                      | CUSIP: 576051SG2<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |  13920000 | PA      | $14472278.78  | 0.72%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                          | State of Oregon Housing & Community Services Department, Series 2022 II-1                                              | CUSIP: 68608END0<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   2405000 | PA      | $2429326.58   | 0.12%             | 2039-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2021                                                       | CUSIP: 97712JEA7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    390000 | PA      | $386247.62    | 0.02%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | New Hampshire Business Finance Authority, Series 2024-3, Class A                                                       | CUSIP: 63607WAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1492474 | PA      | $1316483.43   | 0.07%             | 2041-10-20      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| Port New Orleans Board of Commissioners                                          | Port New Orleans Board of Commissioners, Series 2020 E                                                                 | CUSIP: 734782DR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2791532.98   | 0.14%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | Pennsylvania Economic Development Financing Authority, Series 2009                                                     | CUSIP: 708692BC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2870454.30   | 0.14%             | 2033-12-01      | Variable      | 0.95%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | Cobb County Kennestone Hospital Authority, Series 2020 A                                                               | CUSIP: 190813RU1<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    450000 | PA      | $451210.14    | 0.02%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | City of Baltimore, Series 2017 A                                                                                       | CUSIP: 05922KYM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3765000 | PA      | $3856181.52   | 0.19%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                    | Main Street Natural Gas, Inc., Series 2021 C                                                                           | CUSIP: 56035DCZ3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5006682.50   | 0.25%             | 2052-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2024 C                                                                                       | CUSIP: 452153LZ0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2277979.25   | 0.11%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District                                                 | Regional Transportation District, Series 2020 A                                                                        | CUSIP: 759151BR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1377211.08   | 0.07%             | 2035-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp.                                                      | Troy Capital Resource Corp., Series 2020 A                                                                             | CUSIP: 897579BS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4425000 | PA      | $4646926.58   | 0.23%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | Cobb County Kennestone Hospital Authority, Series 2020 B                                                               | CUSIP: 190813SQ9<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251783.93    | 0.01%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | City of Chicago, Series 2021 A                                                                                         | CUSIP: 167486M22<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   9500000 | PA      | $9877413.15   | 0.49%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kaufman County Fresh Water Supply District No. 1-D                               | Kaufman County Fresh Water Supply District No. 1-D, Series 2024                                                        | CUSIP: 48618TBU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $889622.58    | 0.04%             | 2039-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2019 A                                                                | CUSIP: 04052FAR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1144814.77   | 0.06%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Infirmary Health System Special Care Facilities Financing Authority of Mobile    | Infirmary Health System Special Care Facilities Financing Authority of Mobile, Series 2016 A                           | CUSIP: 45663NBQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5046143.50   | 0.25%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | Virginia Small Business Financing Authority, Series 2020 A                                                             | CUSIP: 928104MV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3100154.40   | 0.15%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona (The)            | Industrial Development Authority of the City of Phoenix Arizona (The), Series 2014 B                                   | CUSIP: 71884SAC4<br>LEI: 549300A62PWFBDWB8332 | Long             | STIV             | MUN               | US        |   1600000 | PA      | $1600000.00   | 0.08%             | 2052-11-15      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. IV                                | Texas Municipal Gas Acquisition & Supply Corp. IV, Series 2023 A                                                       | CUSIP: 88256PAG5<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |  19500000 | PA      | $20611466.85  | 1.02%             | 2054-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Celebration Community Development District                                       | Celebration Community Development District, Series 2021                                                                | CUSIP: 151001EE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $598921.58    | 0.03%             | 2041-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2022 C                                                                                       | CUSIP: 452153EL9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3926724.53   | 0.19%             | 2040-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | South Carolina Jobs-Economic Development Authority, Series 2021 A-1                                                    | CUSIP: 837031D26<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   6400000 | PA      | $5358392.32   | 0.27%             | 2036-12-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Southeast Missouri State University                                              | Southeast Missouri State University, Series 2020                                                                       | CUSIP: 841438MG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1948696.80   | 0.10%             | 2037-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Paducah Electric Plant Board                                                     | Paducah Electric Plant Board, Series 2016 A                                                                            | CUSIP: 695317DR5<br>LEI: 549300XTPDPORT8VIQ62 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5630766.35   | 0.28%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | Greater Orlando Aviation Authority, Series 2019 A                                                                      | CUSIP: 392274Z74<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |  10500000 | PA      | $10918246.50  | 0.54%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | Municipal Electric Authority of Georgia, Series 2019 B                                                                 | CUSIP: 6262072G8<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    700000 | PA      | $723683.24    | 0.04%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2017                                                                     | CUSIP: 546399CG9<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2039344.20   | 0.10%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Herons Glen Recreation District                                                  | Herons Glen Recreation District, Series 2020                                                                           | CUSIP: 427747BP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $280503.09    | 0.01%             | 2033-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| University of Massachusetts Building Authority                                   | University of Massachusetts Building Authority, Series 2017-3                                                          | CUSIP: 914437TB4<br>LEI: 6ILE2573NPR1XO2TR556 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5199528.50   | 0.26%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | Maricopa County Industrial Development Authority, Series 2024                                                          | CUSIP: 56681NJD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18555000 | PA      | $19014681.57  | 0.94%             | 2029-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | Arkansas Development Finance Authority, Series 2020 B-1                                                                | CUSIP: 04084RBV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1264914.88   | 0.06%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                    | Central Texas Turnpike System, Series 2024 C                                                                           | CUSIP: 88283KBW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2191463.60   | 0.11%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Series 2021                                                               | CUSIP: 93978HYC3<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    440000 | PA      | $388468.96    | 0.02%             | 2035-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | Health & Educational Facilities Authority of the State of Missouri, Series 2018 A                                      | CUSIP: 60637AND0<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |  12500000 | PA      | $13131206.25  | 0.65%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                | Florida Development Finance Corp., Series 2024                                                                         | CUSIP: 340618DR5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $19589312.00  | 0.97%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | Metropolitan Transportation Authority, Series 2016 B                                                                   | CUSIP: 59261AFW2<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3265000 | PA      | $3316183.45   | 0.16%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Infirmary Health System Special Care Facilities Financing Authority of Mobile    | Infirmary Health System Special Care Facilities Financing Authority of Mobile, Series 2016 A                           | CUSIP: 45663NBP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4920000 | PA      | $4966648.49   | 0.25%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Palm Drive Community Development District                                   | East Palm Drive Community Development District, Series 2024                                                            | CUSIP: 27425AAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $722336.18    | 0.04%             | 2044-06-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| County of Turner SD                                                              | County of Turner, Series 2025                                                                                          | CUSIP: 90027SAV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3330000 | PA      | $3168952.88   | 0.16%             | 2044-12-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2019 A-2                                                                  | CUSIP: 19648FKK9<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   9595000 | PA      | $10058931.68  | 0.50%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | Southeast Energy Authority A Cooperative District, Series 2022 A-1                                                     | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   4585000 | PA      | $4838233.22   | 0.24%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Iowa Tobacco Settlement Authority                                                | Iowa Tobacco Settlement Authority, Series 2021 B-1, Class 2                                                            | CUSIP: 888805CH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150000.00    | 0.01%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2020 A                                                                | CUSIP: 04052EAV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $996399.36    | 0.05%             | 2039-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Chattanooga Health Educational & Housing Facility Board                          | Chattanooga Health Educational & Housing Facility Board, Series 2019 A-1                                               | CUSIP: 162410EG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2636394.26   | 0.13%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2022 A-1                                                                              | CUSIP: 74444UAV4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7097779.50   | 0.35%             | 2047-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                          | Energy Southeast A Cooperative District, Series 2023 A-1                                                               | CUSIP: 292723AK9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   8570000 | PA      | $9154546.85   | 0.45%             | 2053-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 15                                    | Village Community Development District No. 15, Series 2023                                                             | CUSIP: 92708KAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    845000 | PA      | $850156.11    | 0.04%             | 2038-05-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                  | Kentucky Economic Development Finance Authority, Series 2019 A-1                                                       | CUSIP: 49126PFZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033880.10   | 0.05%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | Pennsylvania Higher Educational Facilities Authority, Series 2017 A                                                    | CUSIP: 70917SS20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5895000 | PA      | $5868526.73   | 0.29%             | 2034-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EP Royal Estates PFC                                                             | EP Royal Estates PFC, Series 2024                                                                                      | CUSIP: 29415NAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $939517.20    | 0.05%             | 2039-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Forest Lake Community Development District                                       | Forest Lake Community Development District, Series 2020                                                                | CUSIP: 34585PAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1134330.22   | 0.06%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Dakota Health & Educational Facilities Authority                           | South Dakota Health & Educational Facilities Authority, Series 2021                                                    | CUSIP: 83755VP81<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $850647.53    | 0.04%             | 2041-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Tampa FL                                                                 | City of Tampa, Series 2020 B                                                                                           | CUSIP: 875161DB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018037.20   | 0.05%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | Iowa Finance Authority, Series 2023 B                                                                                  | CUSIP: 46247SFD1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2798725.75   | 0.14%             | 2033-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | Southeast Energy Authority A Cooperative District, Series 2025 B                                                       | CUSIP: 84136HBT9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   9700000 | PA      | $10015677.77  | 0.50%             | 2055-03-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Series 2019 A-1                                                           | CUSIP: 93978HVP7<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1233612.24   | 0.06%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Chestertown MD                                                           | Town of Chestertown, Series 2021 A                                                                                     | CUSIP: 166630AL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1595625.96   | 0.08%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | Cobb County Kennestone Hospital Authority, Series 2020 B                                                               | CUSIP: 190813SP1<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    250000 | PA      | $253337.68    | 0.01%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                                          | City of Phoenix Civic Improvement Corp., Series 2017 D                                                                 | CUSIP: 71883MMP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10338912.00  | 0.51%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Everett Housing Authority/WA                                                     | Everett Housing Authority, Series 2022                                                                                 | CUSIP: 30002GAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9420000 | PA      | $8789115.28   | 0.44%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency VII                                                  | CMFA Special Finance Agency VII, Series 2021 A-2                                                                       | CUSIP: 12574UAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5440000 | PA      | $4468018.88   | 0.22%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                        | New York Transportation Development Corp., Series 2023                                                                 | CUSIP: 650116GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4275000 | PA      | $4643691.82   | 0.23%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chatom Industrial Development Board                                              | Chatom Industrial Development Board, Series 2020                                                                       | CUSIP: 16229PAX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $514036.22    | 0.03%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2021 A                                                                                | CUSIP: 74444KBX1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $846393.02    | 0.04%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Stamford CT                                                              | City of Stamford, Series 2019                                                                                          | CUSIP: 852634QG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3025000 | PA      | $2742697.62   | 0.14%             | 2036-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | City of Baltimore, Series 2017 A                                                                                       | CUSIP: 05922KYL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1829655.17   | 0.09%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vancouver Housing Authority                                                      | Vancouver Housing Authority, Series 2024 B                                                                             | CUSIP: 92162PAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1939058.20   | 0.10%             | 2042-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | Cobb County Kennestone Hospital Authority, Series 2020 A                                                               | CUSIP: 190813RW7<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1379200.90   | 0.07%             | 2036-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | Oregon State Facilities Authority, Series 2020 A                                                                       | CUSIP: 68608JYH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $283782.04    | 0.01%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Poitras East Community Development District                                      | Poitras East Community Development District, Series 2023                                                               | CUSIP: 73086BAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $802606.00    | 0.04%             | 2033-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | Los Angeles Department of Water & Power, Series 2017 C                                                                 | CUSIP: 5444953K8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   4080000 | PA      | $4154901.46   | 0.21%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                                          | City of Phoenix Civic Improvement Corp., Series 2019 A                                                                 | CUSIP: 718846BA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6365000 | PA      | $6507509.17   | 0.32%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Berwyn IL                                                                | City of Berwyn, Series 2022 B                                                                                          | CUSIP: 086257PY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5651199.60   | 0.28%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                         | Build NYC Resource Corp., Series 2025                                                                                  | CUSIP: 12008QAG4<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    500000 | PA      | $505239.30    | 0.03%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                       | Utah Infrastructure Agency, Series 2021                                                                                | CUSIP: 917467CA8<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    400000 | PA      | $381327.00    | 0.02%             | 2035-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency, Series 2025                                                                  | CUSIP: 57585BHW1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    845000 | PA      | $897110.39    | 0.04%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Yamhill OR                                                             | County of Yamhill, Series 2020 A                                                                                       | CUSIP: 98464TAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5240000 | PA      | $5288044.51   | 0.26%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Herons Glen Recreation District                                                  | Herons Glen Recreation District, Series 2020                                                                           | CUSIP: 427747BQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $223796.87    | 0.01%             | 2034-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Town of Trophy Club TX Public Improvement District No. 1                         | Town of Trophy Club, Series 2025                                                                                       | CUSIP: 89706PAX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    252000 | PA      | $263913.12    | 0.01%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2022 A                   | CUSIP: 54627RAL4<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   5760041 | PA      | $5700769.82   | 0.28%             | 2029-02-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | City of Chicago, Series 2021 B                                                                                         | CUSIP: 167486K32<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   4295000 | PA      | $4072985.44   | 0.20%             | 2035-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                        | Golden State Tobacco Securitization Corp., Series 2021 B-1                                                             | CUSIP: 38122ND82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3650000 | PA      | $3290295.06   | 0.16%             | 2050-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | Port Authority of New York & New Jersey, Series 234                                                                    | CUSIP: 73358XGL0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2589642.50   | 0.13%             | 2042-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Town of Trophy Club TX Public Improvement District No. 1                         | Town of Trophy Club, Series 2025                                                                                       | CUSIP: 89706PAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    264000 | PA      | $275611.67    | 0.01%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2016                                                                     | CUSIP: 546399CZ7<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15266.86     | 0.00%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2017                                                                     | CUSIP: 546399CF1<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1788490.73   | 0.09%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2020 A                                                     | CUSIP: 97712D6R2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    600000 | PA      | $601987.50    | 0.03%             | 2034-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Denver Health & Hospital Authority                                               | Denver Health & Hospital Authority, Series 2025 A                                                                      | CUSIP: 24918EEP1<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1590958.20   | 0.08%             | 2055-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                               | Virginia Public Building Authority, Series B                                                                           | CUSIP: 928173BR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9605000 | PA      | $9698905.20   | 0.48%             | 2029-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Keys Edge Community Development District                                         | Keys Edge Community Development District, Series 2024                                                                  | CUSIP: 49333FAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $472440.20    | 0.02%             | 2044-05-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                                     | Gainesville & Hall County Hospital Authority, Series A                                                                 | CUSIP: 362762LM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024148.70   | 0.05%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | Lower Colorado River Authority, Series 2022                                                                            | CUSIP: 54811GL57<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4700305.50   | 0.23%             | 2040-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | City of New York, Series 2023 A-1                                                                                      | CUSIP: 64966QG79<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4434283.50   | 0.22%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | New Hampshire Business Finance Authority, Series 2024 D                                                                | CUSIP: 63607YBV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4080000 | PA      | $4022718.43   | 0.20%             | 2038-07-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | Oregon State Facilities Authority, Series 2018 A                                                                       | CUSIP: 68608JXD8<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |    800000 | PA      | $800000.00    | 0.04%             | 2034-08-01      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                 | State of Florida, Series 2017 C                                                                                        | CUSIP: 34153QLP9<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |   7855000 | PA      | $7943325.55   | 0.39%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Series 2017                                                               | CUSIP: 93978HSL0<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1621470.99   | 0.08%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2020                                                                      | CUSIP: 19648FRM8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050560.50   | 0.05%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | Greater Orlando Aviation Authority, Series 2019 A                                                                      | CUSIP: 3922742B1<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   8430000 | PA      | $8156871.37   | 0.40%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | Virginia Small Business Financing Authority, Series 2022                                                               | CUSIP: 928104NM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1965979.20   | 0.10%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2021 A                                                                | CUSIP: 04052BPV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $56239.21     | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | Maryland Health & Higher Educational Facilities Authority, Series 2020                                                 | CUSIP: 57421CAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $272151.69    | 0.01%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2021 A                                                                | CUSIP: 04052BPW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $61921.72     | 0.00%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ector County Hospital District                                                   | Ector County Hospital District, Series 2020                                                                            | CUSIP: 279251AM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $615833.22    | 0.03%             | 2032-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA Community Improvement Authority, Series 2021 B                                                                   | CUSIP: 126292AZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4825000 | PA      | $3842248.34   | 0.19%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Roswell Development Authority                                                    | Roswell Development Authority, Series 2025 A                                                                           | CUSIP: 77853AAA1<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   5500000 | PA      | $5500000.00   | 0.27%             | 2047-04-01      | Variable      | 3.05%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2021 A                                                     | CUSIP: 97712D7R1<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1403348.27   | 0.07%             | 2041-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | Arkansas Development Finance Authority, Series 2020 B-1                                                                | CUSIP: 04084RBU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3625000 | PA      | $3689369.85   | 0.18%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | Cobb County Kennestone Hospital Authority, Series 2020 A                                                               | CUSIP: 190813RT4<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    565000 | PA      | $569021.95    | 0.03%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency, Series 2025                                                                  | CUSIP: 57585BHY7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1147286.25   | 0.06%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | Los Angeles Department of Water & Power, Series 2023 C-1                                                               | CUSIP: 544532HC1<br>LEI: 549300S8NXV6YU61GG95 | Long             | STIV             | MUN               | US        |   5300000 | PA      | $5300000.00   | 0.26%             | 2057-07-01      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2021 A                                                                              | CUSIP: 45204FMY8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    428867 | PA      | $124371.51    | 0.01%             | 2029-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                         | Build NYC Resource Corp., Series 2025                                                                                  | CUSIP: 12008QAE9<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    400000 | PA      | $411998.64    | 0.02%             | 2045-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | City & County of Denver, Series 2022 D                                                                                 | CUSIP: 249182TK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5325000 | PA      | $5713941.73   | 0.28%             | 2041-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2015                                                                                | CUSIP: 45203H2A9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1788217.61   | 0.09%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Carson Family Housing LLC                                                   | Fort Carson Family Housing LLC, Series 1999                                                                            | CUSIP: 347075AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10385000 | PA      | $11034374.05  | 0.55%             | 2029-11-15      | Fixed         | 7.86%                 | No            |                  2 | On Loan: No      |
| Bexar Management And Development Corp.                                           | Bexar Management And Development Corp., Series 2024                                                                    | CUSIP: 08857FAA1<br>LEI: 2549009KNEM1RHMCBG65 | Long             | DBT              | MUN               | US        |   8250000 | PA      | $8146799.93   | 0.40%             | 2044-07-01      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | City of New York, Series 2017 A-1                                                                                      | CUSIP: 64966MFP9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10202741.00  | 0.51%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Convention Center Hotel Development Corp.                                 | Dallas Convention Center Hotel Development Corp., Series 2009 B                                                        | CUSIP: 235417AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8715000 | PA      | $9471248.48   | 0.47%             | 2042-01-01      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2023 A                                                                               | CUSIP: 45506EEL3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1133591.34   | 0.06%             | 2027-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2020                                                                      | CUSIP: 19648FRN6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1148056.14   | 0.06%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission, Series 2021 B                                                             | CUSIP: 939783H66<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    940000 | PA      | $890880.39    | 0.04%             | 2030-01-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                       | Capital Trust Agency, Inc., Series 2021 A-1                                                                            | CUSIP: 14052TDW1<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   5345000 | PA      | $4515642.01   | 0.22%             | 2036-12-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2024 A                                                                                | CUSIP: 744396JY9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    800000 | PA      | $764024.88    | 0.04%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                   | Washington Metropolitan Area Transit Authority, Series 2017 A-1                                                        | CUSIP: 938782ES4<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   5185000 | PA      | $5366434.04   | 0.27%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | Pennsylvania Economic Development Financing Authority, Series 2021 B                                                   | CUSIP: 708692BU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6750000 | PA      | $6488789.18   | 0.32%             | 2031-06-01      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| San Antonio Education Facilities Corp.                                           | San Antonio Education Facilities Corp., Series 2021 A                                                                  | CUSIP: 796247DD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $571842.46    | 0.03%             | 2037-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Iowa Higher Education Loan Authority                                             | Iowa Higher Education Loan Authority, Series 2020                                                                      | CUSIP: 4624607F7<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1301998.25   | 0.06%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Hall Community Development District                                        | River Hall Community Development District, Series 2021 A-1                                                             | CUSIP: 768247AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $463932.65    | 0.02%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | Connecticut State Health & Educational Facilities Authority, Series 2019 A                                             | CUSIP: 20775DCL4<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5175975.00   | 0.26%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Huron School District No. 2-2                                                    | Huron School District No. 2-2, Series 2024                                                                             | CUSIP: 447711MU3<br>LEI: 549300YUE3FUN4SN3W58 | Long             | DBT              | MUN               | US        |   1940000 | PA      | $2048595.19   | 0.10%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | Arkansas Development Finance Authority, Series 2020 B-1                                                                | CUSIP: 04084RBT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4630000 | PA      | $4736276.56   | 0.24%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | Municipal Electric Authority of Georgia, Series 2019 A                                                                 | CUSIP: 626207Y24<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    600000 | PA      | $628656.78    | 0.03%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Series 2019 A-2                                                           | CUSIP: 93978HWF8<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3341033.15   | 0.17%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | Los Angeles Department of Water & Power, Series 2017 C                                                                 | CUSIP: 5444953H5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   4615000 | PA      | $4719944.64   | 0.23%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | Southern California Public Power Authority, Series 2007 B                                                              | CUSIP: 842471AZ7<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2889352.50   | 0.14%             | 2038-11-01      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                       | Capital Trust Agency, Inc., Series 2021 A-2                                                                            | CUSIP: 14052TDX9<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1567954.45   | 0.08%             | 2031-12-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | New Jersey Higher Education Student Assistance Authority, Series 2020 A                                                | CUSIP: 646080UX7<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2189928.74   | 0.11%             | 2039-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2020 A                                                     | CUSIP: 97712D6U5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    600000 | PA      | $592006.02    | 0.03%             | 2037-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | Municipal Electric Authority of Georgia, Series 2019 B                                                                 | CUSIP: 6262072H6<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    750000 | PA      | $773921.93    | 0.04%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health Care Authority of the City of Huntsville (The)                            | Health Care Authority of the City of Huntsville (The), Series 2020 B                                                   | CUSIP: 44706HDS3<br>LEI: 254900QP8DQFH746YJ31 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2151585.90   | 0.11%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | Los Angeles Department of Water & Power, Series 2017 C                                                                 | CUSIP: 5444953J1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   3960000 | PA      | $4043367.50   | 0.20%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                               | City of Seattle, Series 2017 C                                                                                         | CUSIP: 812643PZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5300000 | PA      | $5328723.88   | 0.26%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Kyle TX                                                                  | City of Kyle, Series 2025                                                                                              | CUSIP: 50156CBZ2<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |    722000 | PA      | $701043.66    | 0.03%             | 2035-09-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | New Jersey Health Care Facilities Financing Authority, Series 2017 A                                                   | CUSIP: 645790LG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1108462.97   | 0.06%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | Cobb County Kennestone Hospital Authority, Series 2020 B                                                               | CUSIP: 190813SR7<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    275000 | PA      | $275729.25    | 0.01%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern Ute Indian Tribe of the Southern Ute Reservation of Colorado            | Southern Ute Indian Tribe of the Southern Ute Reservation of Colorado, Series 2025 A                                   | CUSIP: 844090AD2<br>LEI: 549300X0RZRBWLO0J697 | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4322498.39   | 0.21%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Chestertown MD                                                           | Town of Chestertown, Series 2021 A                                                                                     | CUSIP: 166630AJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2810000 | PA      | $2905674.32   | 0.14%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX Waterworks & Sewer System Revenue                              | City of Dallas, Series 2017                                                                                            | CUSIP: 23542JFN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033981.80   | 0.05%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port New Orleans Board of Commissioners                                          | Port New Orleans Board of Commissioners, Series 2020 E                                                                 | CUSIP: 734782DP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1088225.20   | 0.05%             | 2037-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2025 A                                                                               | CUSIP: 45506ENK5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    750000 | PA      | $753663.08    | 0.04%             | 2029-05-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Kentucky Municipal Power Agency                                                  | Kentucky Municipal Power Agency, Series 2019 A                                                                         | CUSIP: 491501FA5<br>LEI: 2549001MTI3IE05Z7959 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030025.60   | 0.05%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Medford Hospital Facilities Authority                                            | Medford Hospital Facilities Authority, Series 2020 A                                                                   | CUSIP: 584283GV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1354069.99   | 0.07%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | New Jersey Economic Development Authority, Series 2019 LLL                                                             | CUSIP: 64577B7P3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018779.80   | 0.05%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EP Cimarron Ventanas PFC                                                         | EP Cimarron Ventanas PFC, Series 2024                                                                                  | CUSIP: 26879QAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4020000 | PA      | $3755011.65   | 0.19%             | 2039-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2016                                                                     | CUSIP: 546399CX2<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5088.95      | 0.00%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                                     | Gainesville & Hall County Hospital Authority, Series A                                                                 | CUSIP: 362762LK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2161462.38   | 0.11%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                 | Washington Metropolitan Area Transit Authority, Series 2024 A                                                          | CUSIP: 93878YDY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14495000 | PA      | $12945958.49  | 0.64%             | 2059-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Harvest Ridge Community Development District                                     | Harvest Ridge Community Development District, Series 2024                                                              | CUSIP: 41756PAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $625434.10    | 0.03%             | 2054-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | City of Baltimore, Series 2017 A                                                                                       | CUSIP: 05922KZK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3240000 | PA      | $3314479.18   | 0.16%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | Allentown Neighborhood Improvement Zone Development Authority, Series 2022                                             | CUSIP: 018444BQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $622466.82    | 0.03%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Series 2020                                                               | CUSIP: 93978HXE0<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033787.10   | 0.05%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                          | State of Hawaii, Series 2020 A                                                                                         | CUSIP: 419794C75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4420000 | PA      | $4360615.97   | 0.22%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port New Orleans Board of Commissioners                                          | Port New Orleans Board of Commissioners, Series 2020 E                                                                 | CUSIP: 734782DQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018481.90   | 0.05%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2021 A                                                                                       | CUSIP: 452153AW9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1990421.60   | 0.10%             | 2046-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State Education Assistance Authority                              | North Carolina State Education Assistance Authority, Series 2020 A                                                     | CUSIP: 658262GL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $462480.80    | 0.02%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Series B                                                                  | CUSIP: 93978HUL7<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1964531.61   | 0.10%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Port St Lucie FL Utility System Revenue                                  | City of Port St. Lucie, Series 2016                                                                                    | CUSIP: 735352QF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1639328.99   | 0.08%             | 2031-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                    | Main Street Natural Gas, Inc., Series 2022 C                                                                           | CUSIP: 56035DDP4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $11929144.80  | 0.59%             | 2052-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2024-1, Class B-1                                                                     | CUSIP: 74448FAA9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3554526.50   | 0.18%             | 2036-04-28      | Fixed         | 6.81%                 | No            |                  2 | On Loan: No      |
| Alachua County Health Facilities Authority                                       | Alachua County Health Facilities Authority, Series B-1                                                                 | CUSIP: 010685LA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2442433.49   | 0.12%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Bellwood IL                                                           | Village of Bellwood, Series 2024                                                                                       | CUSIP: 080031AH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2617656.53   | 0.13%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westpointe Special Improvement District                                          | Westpointe Special Improvement District, Series 2024                                                                   | CUSIP: 96124RBS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $467039.61    | 0.02%             | 2037-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | Michigan Strategic Fund, Series 2005                                                                                   | CUSIP: 594698EH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4690718.00   | 0.23%             | 2035-04-01      | Variable      | 0.88%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                          | Energy Southeast A Cooperative District, Series 2023 B-1                                                               | CUSIP: 292723AY9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6502917.60   | 0.32%             | 2054-04-01      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | Oregon State Facilities Authority, Series 2020 A                                                                       | CUSIP: 68608JYB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $426390.90    | 0.02%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                      | Ohio Housing Finance Agency, Series 2023 B                                                                             | CUSIP: 676900WK5<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   6850000 | PA      | $6866033.80   | 0.34%             | 2026-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                               | Allegheny County Airport Authority, Series 2023 A                                                                      | CUSIP: 01728LHA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063482.80   | 0.05%             | 2041-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | Metropolitan Transportation Authority, Series 2017 C-1                                                                 | CUSIP: 59261AQL4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2386124.75   | 0.12%             | 2037-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Port St Lucie FL Utility System Revenue                                  | City of Port St. Lucie, Series 2016                                                                                    | CUSIP: 735352QE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1505130.15   | 0.07%             | 2030-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2021 A                                                                                | CUSIP: 74444VBH2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    195000 | PA      | $194906.42    | 0.01%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2020 A                                                                   | CUSIP: 546399JR8<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   3120000 | PA      | $3242279.66   | 0.16%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | Black Belt Energy Gas District, Series 2022 F                                                                          | CUSIP: 09182TBT3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   6970000 | PA      | $7268741.17   | 0.36%             | 2053-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2019 A-2                                                                  | CUSIP: 19648FKS2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   8195000 | PA      | $8074140.14   | 0.40%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | New York City Municipal Water Finance Authority, Series 2022 DD                                                        | CUSIP: 64972GZW7<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | STIV             | MUN               | US        |   1400000 | PA      | $1400000.00   | 0.07%             | 2033-06-15      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Eastern Kentucky University                                                      | Eastern Kentucky University, Series 2021 A                                                                             | CUSIP: 276552GX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1436258.85   | 0.07%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | South Carolina Jobs-Economic Development Authority, Series 2022 A-1                                                    | CUSIP: 837031D67<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $8697497.60   | 0.43%             | 2037-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2021                                                       | CUSIP: 97712JEC3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1341453.11   | 0.07%             | 2037-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | Indianapolis Local Public Improvement Bond Bank, Series 2021 A                                                         | CUSIP: 45528UT35<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |  14000000 | PA      | $13857103.40  | 0.69%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                         | State of Connecticut, Series 2020 A                                                                                    | CUSIP: 207758ZZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3516387.00   | 0.17%             | 2036-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | Pennsylvania Economic Development Financing Authority, Series 2023 B                                                   | CUSIP: 70870JGG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2145891.35   | 0.11%             | 2041-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | Pennsylvania Economic Development Financing Authority, Series 2020 A                                                   | CUSIP: 70870JCB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1839505.68   | 0.09%             | 2034-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State Education Assistance Authority                              | North Carolina State Education Assistance Authority, Series 2020 A                                                     | CUSIP: 658262GM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515980.60    | 0.03%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2020 A                                                                                | CUSIP: 74446CAC4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    600000 | PA      | $574650.12    | 0.03%             | 2037-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                       | Capital Trust Agency, Inc., Series 2021 A-1 T                                                                          | CUSIP: 14052TDZ4<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    855000 | PA      | $728320.98    | 0.04%             | 2034-07-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority/FL                                   | Lee County Industrial Development Authority, Series 2019 A-1                                                           | CUSIP: 52350LAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $9914299.20   | 0.49%             | 2049-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                                          | City of Phoenix Civic Improvement Corp., Series 2019 B                                                                 | CUSIP: 71883MPT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7701590.25   | 0.38%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | Central Plains Energy Project, Series 2022-1                                                                           | CUSIP: 154871CU9<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5158519.00   | 0.26%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | Health & Educational Facilities Authority of the State of Missouri, Series 2014 F                                      | CUSIP: 60637AFM9<br>LEI: 549300IWTBCMX5JB3277 | Long             | STIV             | MUN               | US        |  16400000 | PA      | $16400000.00  | 0.81%             | 2044-06-01      | Variable      | 3.05%                 | No            |                  2 | On Loan: No      |
| Southeast Missouri State University                                              | Southeast Missouri State University, Series 2020                                                                       | CUSIP: 841438MF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3205000 | PA      | $3168391.85   | 0.16%             | 2036-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                                    | Maryland Community Development Administration, Series 2019 B                                                           | CUSIP: 57419R7V1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4510561.00   | 0.22%             | 2034-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                              | California Community Housing Agency, Series 2021 A-2                                                                   | CUSIP: 13013FAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6485000 | PA      | $5182633.01   | 0.26%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Galesburg IL                                                             | City of Galesburg, Series 2021 A                                                                                       | CUSIP: 363433AZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1008361.13   | 0.05%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2023 A                                                                               | CUSIP: 45506EEK5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1053094.68   | 0.05%             | 2026-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westpointe Special Improvement District                                          | Westpointe Special Improvement District, Series 2024                                                                   | CUSIP: 96124RBU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997611.00    | 0.05%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Galesburg IL                                                             | City of Galesburg, Series 2021 A                                                                                       | CUSIP: 363433BA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1215963.89   | 0.06%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX Waterworks & Sewer System Revenue                              | City of Dallas, Series 2017                                                                                            | CUSIP: 23542JFM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2589690.50   | 0.13%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | North Texas Tollway Authority, Series A                                                                                | CUSIP: 66285WWG7<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5034856.00   | 0.25%             | 2033-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                         | Build NYC Resource Corp., Series 2025                                                                                  | CUSIP: 12008QAC3<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1278789.92   | 0.06%             | 2043-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | City of Baltimore, Series 2017 A                                                                                       | CUSIP: 05922KZJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2085000 | PA      | $2135494.95   | 0.11%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lakeside Place PFC                                                               | Lakeside Place PFC, Series 2021                                                                                        | CUSIP: 512179AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3870189 | PA      | $2814776.08   | 0.14%             | 2039-12-15      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | Lakewood Ranch Stewardship District, Series 2024                                                                       | CUSIP: 51265KFS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $474504.21    | 0.02%             | 2044-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | Allentown Neighborhood Improvement Zone Development Authority, Series 2022                                             | CUSIP: 018444BR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $626989.20    | 0.03%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | South Carolina Jobs-Economic Development Authority, Series 2018 A                                                      | CUSIP: 83703FLF7<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6181912.20   | 0.31%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2025 A                                                                                | CUSIP: 74439YFU0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003082.30   | 0.05%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                                        | Orange County Health Facilities Authority, Series 2016 A                                                               | CUSIP: 68450LEC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018398.90   | 0.05%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp.                                                                   | Tennergy Corp., Series 2022 A                                                                                          | CUSIP: 880397CF9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |  21895000 | PA      | $22959311.57  | 1.14%             | 2053-10-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Herons Glen Recreation District                                                  | Herons Glen Recreation District, Series 2020                                                                           | CUSIP: 427747BS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $230919.31    | 0.01%             | 2036-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Home Corp.                                                           | Mississippi Home Corp., Series 2024 A-1                                                                                | CUSIP: 60535NDM6<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4931171.50   | 0.24%             | 2031-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2023 A                                                                               | CUSIP: 45506EEN9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1306041.38   | 0.06%             | 2029-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | Chicago O'Hare International Airport, Series 2020 E                                                                    | CUSIP: 167593U83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5345000 | PA      | $5377936.96   | 0.27%             | 2034-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Richland SC                                                            | County of Richland, Series 2021                                                                                        | CUSIP: 76363RAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $874009.00    | 0.04%             | 2031-11-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | Connecticut State Health & Educational Facilities Authority, Series 2019 A                                             | CUSIP: 20775DCN0<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    250000 | PA      | $246236.60    | 0.01%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | New York City Transitional Finance Authority, Series 2020 C                                                            | CUSIP: 64971XQG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1381925.86   | 0.07%             | 2037-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | South Carolina Jobs-Economic Development Authority, Series 2024 A                                                      | CUSIP: 837032CF6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3507911.58   | 0.17%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | Capital Projects Finance Authority, Series 2023 A-1                                                                    | CUSIP: 140427CA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2308242.25   | 0.11%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chatom Industrial Development Board                                              | Chatom Industrial Development Board, Series 2020                                                                       | CUSIP: 16229PAW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $524843.20    | 0.03%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Paducah Electric Plant Board                                                     | Paducah Electric Plant Board, Series 2016 A                                                                            | CUSIP: 695317DT1<br>LEI: 549300XTPDPORT8VIQ62 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5613435.30   | 0.28%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aspire Public Improvement District                                               | Aspire Public Improvement District, Series 2024                                                                        | CUSIP: 04538GAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $722912.80    | 0.04%             | 2053-10-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Summerstone Community Development District                                       | Summerstone Community Development District, Series 2021                                                                | CUSIP: 865711AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $597785.05    | 0.03%             | 2041-05-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2020 A                                                     | CUSIP: 97712D6T8<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    600000 | PA      | $598573.74    | 0.03%             | 2036-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Eastern Kentucky University                                                      | Eastern Kentucky University, Series 2021 A                                                                             | CUSIP: 276552GW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1379025.78   | 0.07%             | 2029-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | City of New York, Series 2019 E                                                                                        | CUSIP: 64966MR50<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3669341.90   | 0.18%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ector County Hospital District                                                   | Ector County Hospital District, Series 2020                                                                            | CUSIP: 279251AP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $599315.80    | 0.03%             | 2034-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2019 A                                                                | CUSIP: 04052FAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037014.30   | 0.05%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2021 A                                                                | CUSIP: 04052BPX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $62332.90     | 0.00%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | Metropolitan Pier & Exposition Authority, Series 2002 A                                                                | CUSIP: 592248GU6<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |  13045000 | PA      | $7482729.41   | 0.37%             | 2037-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                           | Maine Health & Higher Educational Facilities Authority, Series 2020 A                                                  | CUSIP: 56042RYD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1127884.47   | 0.06%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                               | Allegheny County Airport Authority, Series 2023 A                                                                      | CUSIP: 01728LHB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056846.70   | 0.05%             | 2042-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency VIII                                                 | CMFA Special Finance Agency VIII, Series 2021 A-2                                                                      | CUSIP: 12574VAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4078653.00   | 0.20%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2021                                                       | CUSIP: 97712JDZ3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    375000 | PA      | $372426.49    | 0.02%             | 2028-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lansing School District                                                          | Lansing School District, Series 2016 I                                                                                 | CUSIP: 516444RE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1860000 | PA      | $1891595.08   | 0.09%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                            | Chicago Park District, Series 2020 F-2                                                                                 | CUSIP: 167615G31<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1090404.26   | 0.05%             | 2034-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                                        | Michigan State Hospital Finance Authority, Series 2008 C                                                               | CUSIP: 59465HVZ6<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |    135000 | PA      | $140425.99    | 0.01%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Chestertown MD                                                           | Town of Chestertown, Series 2021 A                                                                                     | CUSIP: 166630AG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025841.20   | 0.05%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cordoba Ranch Community Development District                                     | Cordoba Ranch Community Development District, Series 2021                                                              | CUSIP: 21853FAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $848678.80    | 0.04%             | 2037-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Lubbock TX                                                               | City of Lubbock, Series 2024                                                                                           | CUSIP: 5491885Y2<br>LEI: 549300I1QTL3QZV4BX74 | Long             | DBT              | MUN               | US        |   4350000 | PA      | $4522947.30   | 0.22%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | California Municipal Finance Authority, Series 2025-1, Class A-2                                                       | CUSIP: 13050WAB7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8460059.00   | 0.42%             | 2041-02-20      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                 | Energy Northwest, Series 2019 A                                                                                        | CUSIP: 29270C2R5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7369959.80   | 0.37%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Municipal Power Agency                                                  | Kentucky Municipal Power Agency, Series 2019 A                                                                         | CUSIP: 491501EY4<br>LEI: 2549001MTI3IE05Z7959 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1555032.45   | 0.08%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                            | County of Franklin, Series 2023                                                                                        | CUSIP: 353180LV2<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5088618.50   | 0.25%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2017                                                                     | CUSIP: 546399CC8<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2053467.40   | 0.10%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2019 A                                                                | CUSIP: 04052FAS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1278939.25   | 0.06%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ector County Hospital District                                                   | Ector County Hospital District, Series 2020                                                                            | CUSIP: 279251AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $463429.58    | 0.02%             | 2031-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pecan Public Facility Corp.                                                      | Pecan Public Facility Corp., Series 2022 A-1                                                                           | CUSIP: 705125AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11900000 | PA      | $10000263.77  | 0.50%             | 2037-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | California Community Choice Financing Authority, Series 2021 B-1                                                       | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4943640.00   | 0.25%             | 2052-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Lubbock TX                                                               | City of Lubbock, Series 2024                                                                                           | CUSIP: 5491885X4<br>LEI: 549300I1QTL3QZV4BX74 | Long             | DBT              | MUN               | US        |   2140000 | PA      | $2236467.13   | 0.11%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salem-Keizer School District No. 24J                                             | Salem-Keizer School District No. 24J, Series 2020 C                                                                    | CUSIP: 569203PL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5620000 | PA      | $5653799.24   | 0.28%             | 2037-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Municipal Energy Agency                                                 | Kentucky Municipal Energy Agency, Series 2025                                                                          | CUSIP: 491499AU3<br>LEI: 254900W8G3M70YHUAO94 | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14176611.40  | 0.70%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lansing School District                                                          | Lansing School District, Series 2016 I                                                                                 | CUSIP: 516444RG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2345263.54   | 0.12%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                         | Arlington Higher Education Finance Corp., Series 2024                                                                  | CUSIP: 041807KY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $418779.24    | 0.02%             | 2054-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                          | Development Authority for Fulton County, Series 2015                                                                   | CUSIP: 3599006U6<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   4805000 | PA      | $4805000.00   | 0.24%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westside 211 Special Improvement District                                        | Westside 211 Special Improvement District, Series 2021                                                                 | CUSIP: 96145JAK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $261849.45    | 0.01%             | 2031-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | Cobb County Kennestone Hospital Authority, Series 2020 B                                                               | CUSIP: 190813SS5<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    275000 | PA      | $273857.79    | 0.01%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2022 B                                                                                | CUSIP: 74441XHF9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1222752.59   | 0.06%             | 2027-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2022 A                                                                    | CUSIP: 19648FWQ3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3083953.80   | 0.15%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Missouri State University                                              | Southeast Missouri State University, Series 2020                                                                       | CUSIP: 841438ME1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1575541.80   | 0.08%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | City of New York, Series 2021 C                                                                                        | CUSIP: 64966QPZ7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4939901.50   | 0.25%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | North Dakota Housing Finance Agency, Series 2024 C                                                                     | CUSIP: 6589098F6<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   2240000 | PA      | $2308888.06   | 0.11%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | Connecticut State Health & Educational Facilities Authority, Series 2021 A                                             | CUSIP: 20775DQC9<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2410385.25   | 0.12%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westside 211 Special Improvement District                                        | Westside 211 Special Improvement District, Series 2021                                                                 | CUSIP: 96145JAP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $285774.87    | 0.01%             | 2035-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2016                                                                     | CUSIP: 546399CW4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10177.91     | 0.00%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Connecticut                                                        | University of Connecticut, Series 2016 A                                                                               | CUSIP: 914233F63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5025000 | PA      | $5086298.47   | 0.25%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | Cobb County Kennestone Hospital Authority, Series 2020 A                                                               | CUSIP: 190813RV9<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    865000 | PA      | $861407.22    | 0.04%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2017                                                                     | CUSIP: 546399CB0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028265.80   | 0.05%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Higher Education Loan Authority                                             | Iowa Higher Education Loan Authority, Series 2020                                                                      | CUSIP: 4624607C4<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |   1920000 | PA      | $2031646.66   | 0.10%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | Maryland Health & Higher Educational Facilities Authority, Series 2017 B                                               | CUSIP: 574218U92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8520000 | PA      | $8814355.78   | 0.44%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 15                                    | Village Community Development District No. 15, Series 2024                                                             | CUSIP: 92708KAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974211.10    | 0.05%             | 2034-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2022 B                                                                                       | CUSIP: 452153EA3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10668071.00  | 0.53%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Illinois University                                                     | Northern Illinois University, Series 2021                                                                              | CUSIP: 665245ZN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2075000 | PA      | $1847753.89   | 0.09%             | 2043-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | City of Baltimore, Series D                                                                                            | CUSIP: 059231ZP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5835000 | PA      | $5842898.84   | 0.29%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | California Municipal Finance Authority, Series 2025 A                                                                  | CUSIP: 130483HW3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3138460.77   | 0.16%             | 2043-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Kentucky Municipal Power Agency                                                  | Kentucky Municipal Power Agency, Series 2019 A                                                                         | CUSIP: 491501EZ1<br>LEI: 2549001MTI3IE05Z7959 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1653160.16   | 0.08%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Everlands Community Development District                                         | Everlands Community Development District, Series 2024                                                                  | CUSIP: 30034HAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $975004.50    | 0.05%             | 2044-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2021                                                       | CUSIP: 97712JEB5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    405000 | PA      | $398121.80    | 0.02%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth  | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority, Series 2021 | CUSIP: 74527EFH6<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | PR        |    450000 | PA      | $460772.69    | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alaska Municipal Bond Bank Authority                                             | Alaska Municipal Bond Bank Authority, Series 2020                                                                      | CUSIP: 01179RF81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1281567.55   | 0.06%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | City of Baltimore, Series 2017 A                                                                                       | CUSIP: 05922KZH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2940000 | PA      | $3013549.69   | 0.15%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | Arkansas Development Finance Authority, Series 2020 B-1                                                                | CUSIP: 04084RBX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000908.30   | 0.05%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2023-1, Class B-1                                                                     | CUSIP: 74448AAA0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5925000 | PA      | $6094439.60   | 0.30%             | 2034-07-25      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | Cobb County Kennestone Hospital Authority, Series 2020 A                                                               | CUSIP: 190813RS6<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    900000 | PA      | $912015.63    | 0.05%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                 | State of Florida, Series 2017 C                                                                                        | CUSIP: 34153QLQ7<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5048125.50   | 0.25%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | Municipal Electric Authority of Georgia, Series 2019 B                                                                 | CUSIP: 6262072K9<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    700000 | PA      | $718619.09    | 0.04%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                           | Maine Health & Higher Educational Facilities Authority, Series 2020 A                                                  | CUSIP: 56042RYB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054225.90   | 0.05%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lansing School District                                                          | Lansing School District, Series 2016 I                                                                                 | CUSIP: 516444RF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2010000 | PA      | $2042503.31   | 0.10%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Higher Education Loan Authority                                             | Iowa Higher Education Loan Authority, Series 2020                                                                      | CUSIP: 4624607D2<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |   2030000 | PA      | $2135637.55   | 0.11%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ector County Hospital District                                                   | Ector County Hospital District, Series 2020                                                                            | CUSIP: 279251AK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $771202.92    | 0.04%             | 2030-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | City of Baltimore, Series 2017 A                                                                                       | CUSIP: 05922KYN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4091949.60   | 0.20%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | Metropolitan Transportation Authority, Series 2017 B                                                                   | CUSIP: 59261ANH6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2140000 | PA      | $2195407.81   | 0.11%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | Mississippi Development Bank, Series 2019                                                                              | CUSIP: 60534WP69<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1708064.46   | 0.08%             | 2039-11-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                            | Chicago Park District, Series 2020 F-2                                                                                 | CUSIP: 167615F99<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1589197.35   | 0.08%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | Oregon State Facilities Authority, Series 2021 A                                                                       | CUSIP: 68608JYY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1546900.60   | 0.08%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2021 B                                                                | CUSIP: 04052BQK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $171980.26    | 0.01%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2021 A                                                                              | CUSIP: 45204FMZ5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    510742 | PA      | $148115.17    | 0.01%             | 2030-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | Allentown Neighborhood Improvement Zone Development Authority, Series 2022                                             | CUSIP: 018444BS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $735474.88    | 0.04%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | Southeast Energy Authority A Cooperative District, Series 2022 B-2                                                     | CUSIP: 84136FBC0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15250828.50  | 0.76%             | 2053-05-01      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District                                                 | Regional Transportation District, Series 2020 A                                                                        | CUSIP: 759151BP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000077.90   | 0.05%             | 2033-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lafayette Consolidated Government                                                | Lafayette Consolidated Government, Series 2015                                                                         | CUSIP: 50646PCJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3525718.70   | 0.18%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Clearwater FL Water & Sewer Revenue                                      | City of Clearwater, Series 2017                                                                                        | CUSIP: 185328KK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5520000 | PA      | $5678974.90   | 0.28%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port New Orleans Board of Commissioners                                          | Port New Orleans Board of Commissioners, Series 2020 E                                                                 | CUSIP: 734782DN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1531846.37   | 0.08%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                   | General Authority of Southcentral Pennsylvania, Series 2019 E                                                          | CUSIP: 84129NML0<br>LEI: 549300QBNU5LBV4QX812 | Long             | STIV             | MUN               | US        |    300000 | PA      | $300000.00    | 0.01%             | 2035-06-01      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | City of Chicago, Series 2021 B                                                                                         | CUSIP: 167486K65<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   5150000 | PA      | $4635780.74   | 0.23%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Riverside CA Sewer Revenue                                               | City of Riverside, Series 2015 A                                                                                       | CUSIP: 769047HW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11023184.70  | 0.55%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX Waterworks & Sewer System Revenue                              | City of Dallas, Series 2017                                                                                            | CUSIP: 23542JFL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1556036.70   | 0.08%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2023 A                                                                               | CUSIP: 45471FAC5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    830000 | PA      | $875471.55    | 0.04%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2024                                                                     | CUSIP: 546399SY3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   5650000 | PA      | $5742244.16   | 0.29%             | 2059-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Harris Toll Road                                                       | County of Harris, Series 2018 A                                                                                        | CUSIP: 41423PAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2598515.25   | 0.13%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                             | County of Jefferson, Series 2024                                                                                       | CUSIP: 472682ZC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5454106.00   | 0.27%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston Higher Education Finance Corp.                                           | Houston Higher Education Finance Corp., Series 2025                                                                    | CUSIP: 44237QAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $676317.19    | 0.03%             | 2051-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Town of Chestertown MD                                                           | Town of Chestertown, Series 2021 A                                                                                     | CUSIP: 166630AK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1480000 | PA      | $1531983.82   | 0.08%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ector County Hospital District                                                   | Ector County Hospital District, Series 2020                                                                            | CUSIP: 279251AJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $824727.36    | 0.04%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of South Miami Health Facilities Authority, Inc.                            | City of South Miami Health Facilities Authority, Inc., Series 2017                                                     | CUSIP: 838810DX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6006673.80   | 0.30%             | 2033-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lake Houston Redevelopment Authority                                             | Lake Houston Redevelopment Authority, Series 2021                                                                      | CUSIP: 51001QAN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $230837.48    | 0.01%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2019 A                                                                | CUSIP: 04052FAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $655873.09    | 0.03%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Missouri State University                                              | Southeast Missouri State University, Series 2020                                                                       | CUSIP: 841438MC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2745000 | PA      | $2756165.56   | 0.14%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Vancouver Housing Authority                                                      | Vancouver Housing Authority, Series 2024 A                                                                             | CUSIP: 92162PAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2396309.75   | 0.12%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State Education Assistance Authority                              | North Carolina State Education Assistance Authority, Series 2020 A                                                     | CUSIP: 658262GJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125000.00    | 0.01%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                    | Main Street Natural Gas, Inc., Series 2022 B                                                                           | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  10200000 | PA      | $10531995.72  | 0.52%             | 2052-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2021 A                                                                              | CUSIP: 45204FMX0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    415222 | PA      | $120414.24    | 0.01%             | 2028-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                               | City of Philadelphia, Series 2024 C                                                                                    | CUSIP: 7178933X7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8288388.00   | 0.41%             | 2054-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Westpointe Special Improvement District                                          | Westpointe Special Improvement District, Series 2024                                                                   | CUSIP: 96124RBV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1072280.39   | 0.05%             | 2049-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency, Series 2025                                                                  | CUSIP: 57585BJB5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019126.80   | 0.05%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | Los Angeles Department of Water & Power, Series 2017 B                                                                 | CUSIP: 5444952G8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   8220000 | PA      | $8373326.84   | 0.42%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                                          | City of Phoenix Civic Improvement Corp., Series 2019 A                                                                 | CUSIP: 718846AX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6380000 | PA      | $6594517.29   | 0.33%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | California Statewide Communities Development Authority, Series 2010 A                                                  | CUSIP: 13078HAY8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4477517.00   | 0.22%             | 2029-09-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Harvest Ridge Community Development District                                     | Harvest Ridge Community Development District, Series 2024                                                              | CUSIP: 41756PAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $240911.76    | 0.01%             | 2031-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                          | Development Authority for Fulton County, Series 2015                                                                   | CUSIP: 3599006T9<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   4385000 | PA      | $4385000.00   | 0.22%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | City of Baltimore, Series D                                                                                            | CUSIP: 059231ZN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2790000 | PA      | $2794135.90   | 0.14%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2021 B                                                                | CUSIP: 04052BQL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $161741.57    | 0.01%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                          | Development Authority for Fulton County, Series 2015                                                                   | CUSIP: 3599006S1<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   3785000 | PA      | $3785000.00   | 0.19%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No. 1                                       | Denver City & County School District No. 1, Series 2025 A                                                              | CUSIP: 249174ZE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10854316.00  | 0.54%             | 2044-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                           | Patriots Energy Group Financing Agency, Series 2023 A-1                                                                | CUSIP: 70342PAN4<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |  27500000 | PA      | $28964311.75  | 1.44%             | 2054-10-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2021 A                                                                | CUSIP: 04052BPY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $67808.65     | 0.00%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2020 A                                                                | CUSIP: 04052FBQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1035383.23   | 0.05%             | 2037-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency, Series 2020 C                                                                | CUSIP: 57584YB99<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    525000 | PA      | $557508.00    | 0.03%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | Iowa Finance Authority, Series 2021 B                                                                                  | CUSIP: 46247SBP8<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3144846.90   | 0.16%             | 2056-05-15      | Floating      | 3.58%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. III                               | Texas Municipal Gas Acquisition & Supply Corp. III, Series 2021                                                        | CUSIP: 88256HBC1<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027991.40   | 0.05%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | Philadelphia Authority for Industrial Development, Series 2020 A                                                       | CUSIP: 71780CAJ9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    300000 | PA      | $296332.65    | 0.01%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | Allegheny County Hospital Development Authority, Series 2019 A                                                         | CUSIP: 01728A4T0<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4176680.80   | 0.21%             | 2033-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Higher Education Loan Authority                                             | Iowa Higher Education Loan Authority, Series 2020                                                                      | CUSIP: 4624607B6<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1914803.46   | 0.10%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                 | Washington Metropolitan Area Transit Authority, Series 2024 A                                                          | CUSIP: 93878YDW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $449438.59    | 0.02%             | 2056-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI Sewerage System Revenue                                     | City of Milwaukee, Series 2021 S-2                                                                                     | CUSIP: 60242MFB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4600000 | PA      | $3286076.24   | 0.16%             | 2046-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | Municipal Electric Authority of Georgia, Series 2019 B                                                                 | CUSIP: 6262072J2<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1075656.12   | 0.05%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2021 B                                                                | CUSIP: 04052BQM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $186834.24    | 0.01%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2021 A                                                                                | CUSIP: 74444VBL3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    265000 | PA      | $262953.88    | 0.01%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| East Baton Rouge Sewerage Commission                                             | East Baton Rouge Sewerage Commission, Series 2019 A                                                                    | CUSIP: 270618FJ5<br>LEI: 5493006BC84VNIRSCG97 | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1314863.64   | 0.07%             | 2035-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chatom Industrial Development Board                                              | Chatom Industrial Development Board, Series 2020                                                                       | CUSIP: 16229PAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $454779.54    | 0.02%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knightsbridge Community Development District                                     | Knightsbridge Community Development District, Series 2024                                                              | CUSIP: 49907FAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $216157.86    | 0.01%             | 2031-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Series 2019 A-2                                                           | CUSIP: 93978HWE1<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1721410.37   | 0.09%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2019 A                                                                | CUSIP: 04052EAC2<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1100000 | PA      | $1100000.00   | 0.05%             | 2048-02-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Municipal Power Agency                                                  | Kentucky Municipal Power Agency, Series 2016 A                                                                         | CUSIP: 491501EN8<br>LEI: 2549001MTI3IE05Z7959 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6578685.75   | 0.33%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Franklin Municipal Green Bond ETF                                                | Franklin Municipal Green Bond ETF                                                                                      | CUSIP: 35473P850<br>LEI: 549300D0VIUWD9JJ6J30 | Long             |  | RF                | US        |   1030000 | NS      | $23664353.00  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise State University                                                           | Boise State University, Series 2025 A                                                                                  | CUSIP: 097464S77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $870516.96    | 0.04%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2021 B                                                                | CUSIP: 04052BQN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $196745.31    | 0.01%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2024 A-1                 | CUSIP: 546276DM5<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   6295000 | PA      | $6207625.40   | 0.31%             | 2031-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Westside 211 Special Improvement District                                        | Westside 211 Special Improvement District, Series 2021                                                                 | CUSIP: 96145JAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $262790.14    | 0.01%             | 2029-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| City of El Paso TX                                                               | City of El Paso, Series 2020 A                                                                                         | CUSIP: 283734S51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997301.10    | 0.05%             | 2035-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | South Carolina Jobs-Economic Development Authority, Series 2024 A                                                      | CUSIP: 837032CD1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4146627.20   | 0.21%             | 2050-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Alaska Municipal Bond Bank Authority                                             | Alaska Municipal Bond Bank Authority, Series 2020                                                                      | CUSIP: 01179RF65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1713359.30   | 0.09%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westside 211 Special Improvement District                                        | Westside 211 Special Improvement District, Series 2021                                                                 | CUSIP: 96145JAR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $286971.99    | 0.01%             | 2037-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2021                     | CUSIP: 54628CUF7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   9130000 | PA      | $7792777.29   | 0.39%             | 2046-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Series 2017                                                               | CUSIP: 93978HSP1<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2402409.84   | 0.12%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leon County Housing Finance Authority                                            | Leon County Housing Finance Authority, Series 2022 A-1                                                                 | CUSIP: 52643TAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6965000 | PA      | $6277206.25   | 0.31%             | 2057-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                      | New Jersey Educational Facilities Authority, Series 2016 B                                                             | CUSIP: 646066F54<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5055315.00   | 0.25%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Poitras East Community Development District                                      | Poitras East Community Development District, Series 2023                                                               | CUSIP: 73086BAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1954333.20   | 0.10%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | Maricopa County Industrial Development Authority, Series 2019 A                                                        | CUSIP: 56678PAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $890617.51    | 0.04%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | Southeast Energy Authority A Cooperative District, Series 2022 B-1                                                     | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5386955.18   | 0.27%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | City of Chicago, Series 1999                                                                                           | CUSIP: 167484QW7<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3211337.20   | 0.16%             | 2031-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Pompano Beach FL                                                         | City of Pompano Beach, Series 2020                                                                                     | CUSIP: 732203BC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2218652.75   | 0.11%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Missouri State University                                              | Southeast Missouri State University, Series 2020                                                                       | CUSIP: 841438MD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2180000 | PA      | $2175376.00   | 0.11%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                          | Capital Trust Authority, Series 2024                                                                                   | CUSIP: 14054XAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17400000 | PA      | $14322502.02  | 0.71%             | 2029-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | State of Connecticut, Series 2020 C                                                                                    | CUSIP: 20772KKX6<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1523816.85   | 0.08%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Iowa Higher Education Loan Authority                                             | Iowa Higher Education Loan Authority, Series 2020                                                                      | CUSIP: 4624607E0<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |   2135000 | PA      | $2234872.10   | 0.11%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | City of Chicago, Series 2023 A                                                                                         | CUSIP: 167486N96<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10300456.00  | 0.51%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | Cobb County Kennestone Hospital Authority, Series 2020 B                                                               | CUSIP: 190813ST3<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    275000 | PA      | $270914.46    | 0.01%             | 2036-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Riverside CA Sewer Revenue                                               | City of Riverside, Series 2015 A                                                                                       | CUSIP: 769047HV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10605000 | PA      | $10629063.81  | 0.53%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westside 211 Special Improvement District                                        | Westside 211 Special Improvement District, Series 2021                                                                 | CUSIP: 96145JAM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $278628.56    | 0.01%             | 2033-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                              | California Community Housing Agency, Series 2021 A-2                                                                   | CUSIP: 13013FAS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6785000 | PA      | $5888953.22   | 0.29%             | 2043-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co.                                                       | Philadelphia Gas Works Co., Series 15th                                                                                | CUSIP: 71783MAQ8<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2061521.80   | 0.10%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2021 A                                                                                | CUSIP: 74442EGR5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    200000 | PA      | $199542.12    | 0.01%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                           | Maine Health & Higher Educational Facilities Authority, Series 2020 A                                                  | CUSIP: 56042RYC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $995021.40    | 0.05%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2021 B                                                                | CUSIP: 04052BQJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $161905.62    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port New Orleans Board of Commissioners                                          | Port New Orleans Board of Commissioners, Series 2020 E                                                                 | CUSIP: 734782DM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028528.30   | 0.05%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | Connecticut State Health & Educational Facilities Authority, Series 2019 A                                             | CUSIP: 20775DCP5<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $4635857.98   | 0.23%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Madison City Board of Education                                                  | Madison City Board of Education, Series 2019                                                                           | CUSIP: 55658FAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2855000 | PA      | $2918048.96   | 0.14%             | 2033-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2024 A-1                                                                              | CUSIP: 74441XHW2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  24350000 | PA      | $24014805.21  | 1.19%             | 2031-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2021 A                                                                                | CUSIP: 74444VBJ8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    250000 | PA      | $249746.88    | 0.01%             | 2028-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lake View Management and Development District                                    | Lake View Management and Development District, Series 2024                                                             | CUSIP: 511115DU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1495164.28   | 0.07%             | 2049-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | New York City Municipal Water Finance Authority, Series 2025 BB                                                        | CUSIP: 64972GL85<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15613093.50  | 0.77%             | 2055-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | Michigan State Housing Development Authority, Series 2019 A-1                                                          | CUSIP: 59465M6K6<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2871463.35   | 0.14%             | 2039-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2020                                                                      | CUSIP: 19648FRL0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    750000 | PA      | $791139.68    | 0.04%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2019 A-1                                                                  | CUSIP: 19648FJZ8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1171088.00   | 0.06%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                      | Ohio Housing Finance Agency, Series 2023 B                                                                             | CUSIP: 676900WF6<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4104434.97   | 0.20%             | 2026-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | New Jersey Transportation Trust Fund Authority, Series 2021 A                                                          | CUSIP: 6461368A2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   6200000 | PA      | $6054146.24   | 0.30%             | 2036-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2021 A                                                                                | CUSIP: 74442EGQ7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    285000 | PA      | $285334.28    | 0.01%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2019 A-2                                                                  | CUSIP: 19648FKQ6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2032679.00   | 0.10%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2022 A                                                                                | CUSIP: 74441XHE2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5600000 | PA      | $4697234.64   | 0.23%             | 2037-12-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | Pennsylvania Economic Development Financing Authority, Series 2023 B                                                   | CUSIP: 70870JGH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2815000 | PA      | $2510868.24   | 0.12%             | 2042-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | Allegheny County Hospital Development Authority, Series 2019 A                                                         | CUSIP: 01728A4V5<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040833.70   | 0.05%             | 2034-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission, Series 2025 A                                                             | CUSIP: 93978LJL1<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2223323.33   | 0.11%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Series 2017                                                               | CUSIP: 93978HSK2<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2279278.35   | 0.11%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2025                                                                                | CUSIP: 45204FZN8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5012767.00   | 0.25%             | 2035-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                         | Sterling Ranch Community Authority Board, Series 2020 A                                                                | CUSIP: 85950NAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $472985.75    | 0.02%             | 2030-12-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | Commonwealth of Massachusetts, Series A                                                                                | CUSIP: 57582RDW3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6009189.60   | 0.30%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission, Series 2021-1, Class A                                                    | CUSIP: 93978TS59<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   6573856 | PA      | $6103799.10   | 0.30%             | 2035-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Northern Illinois University                                                     | Northern Illinois University, Series 2021                                                                              | CUSIP: 665245ZL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $362150.44    | 0.02%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lansing Board of Water & Light                                                   | Lansing Board of Water & Light, Series 2019 A                                                                          | CUSIP: 516391CY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4645000 | PA      | $4893951.56   | 0.24%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lubbock TX                                                               | City of Lubbock, Series 2024                                                                                           | CUSIP: 5491886T2<br>LEI: 549300I1QTL3QZV4BX74 | Long             | DBT              | MUN               | US        |   1990000 | PA      | $2079705.42   | 0.10%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eastern Kentucky University                                                      | Eastern Kentucky University, Series 2021 A                                                                             | CUSIP: 276552GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1489595.25   | 0.07%             | 2031-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                                          | City of Phoenix Civic Improvement Corp., Series 2019 A                                                                 | CUSIP: 718846AW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3340000 | PA      | $3467668.49   | 0.17%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | Iowa Finance Authority, Series 2016 A                                                                                  | CUSIP: 46246K3R1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    650000 | PA      | $652084.16    | 0.03%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2024 A                                                     | CUSIP: 97712JJD6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021517.00   | 0.05%             | 2044-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of El Paso TX                                                               | City of El Paso, Series 2020 A                                                                                         | CUSIP: 283734S69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $985680.20    | 0.05%             | 2036-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | Pennsylvania Economic Development Financing Authority, Series 2020 A                                                   | CUSIP: 70870JCC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1517461.25   | 0.08%             | 2035-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | South Carolina Jobs-Economic Development Authority, Series 2021 A-2                                                    | CUSIP: 837031D34<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1805000 | PA      | $1680520.34   | 0.08%             | 2029-12-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp.                                                      | Troy Capital Resource Corp., Series 2020 A                                                                             | CUSIP: 897579BN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $3102718.70   | 0.15%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cross Creek North Community Development District                                 | Cross Creek North Community Development District, Series 2022                                                          | CUSIP: 227521AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $454322.13    | 0.02%             | 2032-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| County of Harris Toll Road                                                       | County of Harris, Series 2018 A                                                                                        | CUSIP: 41423PAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2605340.75   | 0.13%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth  | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority, Series 2021 | CUSIP: 74527EFL7<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | PR        |    550000 | PA      | $574022.19    | 0.03%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                            | Chicago Park District, Series 2020 F-2                                                                                 | CUSIP: 167615G49<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2492543.50   | 0.12%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Authority for Colorado Energy                                             | Public Authority for Colorado Energy, Series 2008                                                                      | CUSIP: 744387AD3<br>LEI: 549300C6IJKXQOMRAB11 | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4906723.92   | 0.24%             | 2038-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Iowa Higher Education Loan Authority                                             | Iowa Higher Education Loan Authority, Series 2020                                                                      | CUSIP: 4624607G5<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |   2470000 | PA      | $2560581.57   | 0.13%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2023 A                                                                               | CUSIP: 45506EEM1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1215175.90   | 0.06%             | 2028-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Orlando Utilities Commission                                                     | Orlando Utilities Commission, Series 2018 A                                                                            | CUSIP: 686507HZ0<br>LEI: 549300EJR7JVMRXL5D66 | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1818070.66   | 0.09%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | Maricopa County Industrial Development Authority, Series 2019 A                                                        | CUSIP: 56678PAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042527.60   | 0.05%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2023 A                                                                               | CUSIP: 45471FAD3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1632428.48   | 0.08%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | Allentown Neighborhood Improvement Zone Development Authority, Series 2022                                             | CUSIP: 018444BT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $713925.50    | 0.04%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | Black Belt Energy Gas District, Series 2023 B-2                                                                        | CUSIP: 09182NCT5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14827348.20  | 0.74%             | 2053-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Jacksonville FL                                                          | City of Jacksonville, Series 2020                                                                                      | CUSIP: 469400EJ0<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1512141.02   | 0.08%             | 2039-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lake View Management and Development District                                    | Lake View Management and Development District, Series 2024                                                             | CUSIP: 511115DT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $889628.00    | 0.04%             | 2044-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | Virginia Small Business Financing Authority, Series 2022                                                               | CUSIP: 928104NL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2465764.75   | 0.12%             | 2032-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Boise State University                                                           | Boise State University, Series 2025 A                                                                                  | CUSIP: 097464S85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $840208.71    | 0.04%             | 2054-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lehi UT Sales Tax Revenue                                                | City of Lehi, Series 2021                                                                                              | CUSIP: 52469SAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2602252.50   | 0.13%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lafayette Consolidated Government                                                | Lafayette Consolidated Government, Series 2015                                                                         | CUSIP: 50646PCL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4685000 | PA      | $4717297.92   | 0.23%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Middleton Community Development District A                                       | Middleton Community Development District A, Series 2022                                                                | CUSIP: 596681AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059087.30   | 0.05%             | 2032-05-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                           | City of Grand Forks, Series 2021                                                                                       | CUSIP: 38546WDA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1666987.52   | 0.08%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                           | Clifton Higher Education Finance Corp., Series 2022                                                                    | CUSIP: 187155BP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10535000 | PA      | $9681673.43   | 0.48%             | 2042-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | Metropolitan Transportation Authority, Series 2017 C-1                                                                 | CUSIP: 59261AQB6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1870000 | PA      | $1934705.74   | 0.10%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aspire Public Improvement District                                               | Aspire Public Improvement District, Series 2024                                                                        | CUSIP: 04538GAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $474951.80    | 0.02%             | 2044-10-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Huron School District No. 2-2                                                    | Huron School District No. 2-2, Series 2024                                                                             | CUSIP: 447711MZ2<br>LEI: 549300YUE3FUN4SN3W58 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1507143.67   | 0.07%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | South Carolina Public Service Authority, Series 2025 A                                                                 | CUSIP: 8371515V7<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1732852.10   | 0.09%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. III                               | Texas Municipal Gas Acquisition & Supply Corp. III, Series 2021                                                        | CUSIP: 88256HBF4<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10465718.00  | 0.52%             | 2030-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Chestertown MD                                                           | Town of Chestertown, Series 2021 A                                                                                     | CUSIP: 166630AH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1382021.33   | 0.07%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kaufman County Fresh Water Supply District No. 1-D                               | Kaufman County Fresh Water Supply District No. 1-D, Series 2021                                                        | CUSIP: 48618TAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $140264.75    | 0.01%             | 2028-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2019 A-1                                                                  | CUSIP: 19648FJR6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2636310.50   | 0.13%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2020 A                                                                                | CUSIP: 74442CCV4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2033080.98   | 0.10%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | South Carolina Jobs-Economic Development Authority, Series 2025 A                                                      | CUSIP: 83703EMX0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4662923.85   | 0.23%             | 2043-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | Pennsylvania Higher Educational Facilities Authority, Series 2020 A                                                    | CUSIP: 70917TAP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6950000 | PA      | $7162645.68   | 0.36%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | New Jersey Higher Education Student Assistance Authority, Series 2020 B                                                | CUSIP: 646080VF5<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1022649.01   | 0.05%             | 2039-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | City of Baltimore, Series 2017 A                                                                                       | CUSIP: 05922KZG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027690.60   | 0.05%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp.                                               | New York Liberty Development Corp., Series 2021 A                                                                      | CUSIP: 649519DJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2340000 | PA      | $2149641.94   | 0.11%             | 2027-11-15      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| Tennessee State School Bond Authority                                            | Tennessee State School Bond Authority, Series 2015 B                                                                   | CUSIP: 880558HM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8180000 | PA      | $8234028.08   | 0.41%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency, Series 2020 C                                                                | CUSIP: 57584YB81<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    450000 | PA      | $480945.42    | 0.02%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Series 2020                                                               | CUSIP: 93978HXF7<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027961.70   | 0.05%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | California Community Choice Financing Authority, Series 2023 C                                                         | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11392918.90  | 0.57%             | 2054-01-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2021 A                                                                              | CUSIP: 45204FJP1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |  12645000 | PA      | $11338586.88  | 0.56%             | 2040-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                | City of Celina, Series 2024                                                                                            | CUSIP: 15114CJW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $334612.87    | 0.02%             | 2044-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | Black Belt Energy Gas District, Series 2022 E                                                                          | CUSIP: 09182TBL0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7219746.10   | 0.36%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Harvest Ridge Community Development District                                     | Harvest Ridge Community Development District, Series 2024                                                              | CUSIP: 41756PAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $253236.75    | 0.01%             | 2044-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Columbus Metropolitan Housing Authority                                          | Columbus Metropolitan Housing Authority, Series 2024                                                                   | CUSIP: 19951AAV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5411292.15   | 0.27%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | Municipal Electric Authority of Georgia, Series 2019 A                                                                 | CUSIP: 626207Y32<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    500000 | PA      | $522896.20    | 0.03%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University (The)                                              | Pennsylvania State University (The), Series A                                                                          | CUSIP: 709235YQ2<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4157767.60   | 0.21%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Turner SD                                                              | County of Turner, Series 2025                                                                                          | CUSIP: 90027SBA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4520000 | PA      | $4219382.48   | 0.21%             | 2049-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                           | Maine Health & Higher Educational Facilities Authority, Series 2020 A                                                  | CUSIP: 56042RYE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2690000 | PA      | $2591198.18   | 0.13%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Iowa Higher Education Loan Authority                                             | Iowa Higher Education Loan Authority, Series 2020                                                                      | CUSIP: 4624607H3<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |   2595000 | PA      | $2676619.76   | 0.13%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | State of Ohio, Series 2020                                                                                             | CUSIP: 67756CEX2<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    905000 | PA      | $858004.53    | 0.04%             | 2036-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Franklin Tax Free Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer