# EDGAR Filing Document

**Accession Number:** 0001100663
**File Stem:** 0001752724-23-071979
**Filing Date:** 2023-3
**Character Count:** 399803
**Document Hash:** b7f0922e024ad370f68337d6faa01007
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-071979.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0001752724-23-071979

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230329

**DATE AS OF CHANGE**: 20230329

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iSHARES TRUST
- **CENTRAL INDEX KEY:** 0001100663
- **IRS NUMBER:** 943351276
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09729
- **FILM NUMBER:** 23774112

**BUSINESS ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** (415) 670-2000

**MAIL ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ISHARES TRUST
- **DATE OF NAME CHANGE:** 19991213

## Series and Classes Contracts Data

### iShares iBonds Dec 2028 Term Muni Bond ETF (Series ID: S000065129)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000210858 | iShares iBonds Dec 2028 Term Muni Bond ETF | IBMQ            |

## Nport-Ex

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) | **iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2028 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)**  |

---

---

| | | |
|:---|:---|:---|
|  | *Par* |  |
| *Security* | *(000)* | *Value* |
| **Municipal Debt Obligations** |  |  |
| **Alabama — 1.0%** |  |  |
| Alabama Federal Aid Highway Finance Authority RB, Series A, 5.00%, 09/01/28 (PR 09/01/27) | $90 | $101016 |
| Alabama Highway Finance Corp. RB, Series A, 5.00%, 08/01/28 | 100 | 113668 |
| Alabama Public School and College Authority RB, Series A, 5.00%, 11/01/28 | 520 | 595531 |
| City of Huntsville AL GOL, Series B, 5.00%, 05/01/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 11/01/27) | 80 | 90103 |
| State of Alabama GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 4.00%, 11/01/28 (Call 02/01/26) | 20 | 21046 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/29 (Call 11/01/28) | 60 | 69216 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/32 (Call 11/01/28) | 70 | 80542 |
| University of Alabama (The) RB, Series C, 5.00%, 07/01/28 | 285 | 324961 |
|  |  | 1396083 |
| **Arizona — 1.5%** |  |  |
| City of Mesa AZ Utility System Revenue RB, 5.00%, 07/01/29 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 07/01/28) | 130 | 148139 |
| City of Phoenix Civic Improvement Corp. RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/28 (Call 07/01/26) | 100 | 109211 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/29 (Call 07/01/28) | 210 | 239877 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00%, 07/01/28 (Call 07/01/27) | 290 | 323385 |
| Maricopa County Unified School District No 80 Chandler GO, 5.00%, 07/01/28 | 90 | 102866 |
| Maricopa County Union High School District No. 210-Phoenix GO, 5.00%, 07/01/28 (Call 07/01/27) | 95 | 106089 |
| Salt River Project Agricultural Improvement & Power District RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 01/01/29 (Call 01/01/28) | 380 | 429880 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 01/01/31 (Call 01/01/28) | 130 | 146906 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/28 (Call 01/01/27) | 210 | 232131 |
| State of Arizona COP, Series A, 5.00%, 10/01/28 | 200 | 230500 |
| State of Arizona Lottery Revenue RB, 5.00%, 07/01/28 | 150 | 171526 |
|  |  | 2240510 |
| **California — 12.1%** |  |  |
| Beverly Hills Unified School District CA GO, 0.00%, 08/01/28(a) | 35 | 30280 |
| California Infrastructure & Economic Development Bank RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/28 | 200 | 232122 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/28 (Call 04/01/26) | 140 | 153139 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/28 (Call 04/01/27) | 230 | 257555 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/28 (Call 04/01/28) | 80 | 91771 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/32 (Call 04/01/28) | 150 | 171159 |
| California State Public Works Board RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 10/01/28 (Call 10/01/26) | 50 | 53094 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/01/28 | 25 | 28672 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 09/01/28 (Call 09/01/27) | 240 | 270950 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 05/01/28 | 100 | 114686 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00%, 11/01/28 | 165 | 191376 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00%, 11/01/28 (Call 11/01/26) | 25 | 27667 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00%, 11/01/31 (Call 11/01/28) | 75 | 86758 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series G, 5.00%, 10/01/28 (Call 10/01/27) | 85 | 96148 |
| California State University RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 11/01/28 (Call 05/01/27) | 15 | 16799 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 11/01/31 (Call 11/01/28) | 185 | 214112 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/28 (Call 05/01/26) | 260 | 284416 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/30 (Call 11/01/28) | 95 | 110047 |
| City of Los Angeles CA GO, Series B, 5.00%, 09/01/28 | 50 | 57921 |
| City of Los Angeles CA Wastewater System Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/01/30 (Call 06/01/28) | 80 | 92115 |

---

---

| | | |
|:---|:---|:---|
|  | *Par* |  |
| *Security* | *(000)* | *Value* |
| **California (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/31 (Call 06/01/28) | $150 | $172715 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/32 (Call 06/01/28) | 140 | 161139 |
| City of Los Angeles Department of Airports RB, Series E, 5.00%, 05/15/28 | 25 | 28576 |
| City of Riverside CA Sewer Revenue RB, Series A, 5.00%, 08/01/29 (Call 08/01/28) | 125 | 143801 |
| City of Riverside CA Water Revenue RB, Series A, 5.00%, 10/01/28 | 130 | 150276 |
| City of San Francisco CA Public Utilities Commission Water Revenue RB, 5.00%, 11/01/28 (Call 11/01/26) | 155 | 171834 |
| Coast Community College District GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 0.00%, 08/01/28 (AGM)<sup>(a)</sup> | 455 | 397500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00%, 08/01/28 (Call 08/01/27) | 105 | 118310 |
| East Bay Municipal Utility District Wastewater System Revenue |  |  |
| RB, Series A, 5.00%, 06/01/28 (Call 06/01/27) | 25 | 28124 |
| Fairfield-Suisun Unified School District GO, 4.00%, 08/01/31 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 08/01/28) | 100 | 108670 |
| Long Beach Community College District GO, 5.00%, 08/01/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 08/01/27) | 125 | 140502 |
| Long Beach Unified School District GO, 5.00%, 08/01/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 08/01/26) | 175 | 192486 |
| Los Angeles Community College District/CA GO, Series J, 5.00%, 08/01/28 (Call 08/01/27) | 40 | 45162 |
| Los Angeles County Facilities Inc. RB, 5.00%, 12/01/31 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 12/01/28) | 300 | 345154 |
| Los Angeles County Metropolitan Transportation Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/28 | 520 | 598923 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/28 (Call 06/01/26) | 40 | 43867 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/28 (Call 07/01/27) | 100 | 112678 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/32 (Call 07/01/28) | 290 | 333583 |
| Los Angeles Department of Water & Power RB, 5.00%, 07/01/28 | 25 | 28850 |
| Los Angeles Department of Water & Power System |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/32 (Call 01/01/28) | 155 | 176094 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00%, 07/01/30 (Call 07/01/28) | 100 | 115312 |
| &nbsp;&nbsp;&nbsp;&nbsp;Los Angeles Department of Water & Power Water System |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue RB, 5.00%, 07/01/28 | 160 | 184996 |
| Los Angeles Department of Water RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/28 (Call 01/01/26) | 130 | 141194 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/31 (Call 01/01/28) | 60 | 68375 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/31 (Call 07/01/28) | 95 | 109538 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/32 (Call 07/01/28) | 230 | 264820 |
| Los Angeles Unified School District/CA GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/29 (Call 01/01/28) | 230 | 261699 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B1, 5.00%, 07/01/28 (Call 01/01/28) | 195 | 221997 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B-1, 5.00%, 07/01/30 (Call 01/01/28) | 115 | 130772 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B-1, 5.00%, 07/01/32 (Call 01/01/28) | 145 | 164660 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series M1, 5.00%, 07/01/28 (Call 01/01/28) | 100 | 113845 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series M-1, 5.00%, 07/01/31 (Call 01/01/28) | 170 | 193216 |
| Metropolitan Water District of Southern California RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/28 | &nbsp;&nbsp;&nbsp;&nbsp;20 | &nbsp;&nbsp;&nbsp;&nbsp;23047 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 01/01/31 (Call 07/01/28) | &nbsp;&nbsp;&nbsp;&nbsp;115 | &nbsp;&nbsp;&nbsp;&nbsp;132595 |
| Series B, 5.00%, 09/01/28 | 460 | 532083 |
| Napa Valley Community College District GO, Series B, 0.00%, 08/01/28 (NPFGC)<sup>(a)</sup> | 140 | 119942 |
| Newport Mesa Unified School District GO, 0.00%, 08/01/28 (NPFGC)<sup>(a)</sup> | 550 | 479452 |
| North Orange County Community College District/CA GO, Series B, 0.00%, 08/01/28 (NPFGC)<sup>(a)</sup> | 315 | 270309 |
| Orange County Sanitation District RB, 5.00%, 02/01/28 | 30 | 34195 |
| Poway Unified School District GO, Series A, 0.00%, 08/01/28<sup>(a)</sup> | 120 | 104249 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2028 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
|  | *Par* |  |
| *Security* | *(000)* | *Value* |
| **California (continued)** |  |  |
| Sacramento Municipal Utility District RB, 5.00%, 08/15/28 | $20 | $23111 |
| San Diego Community College District GO, 4.00%, 08/01/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 08/01/26) | 115 | 122346 |
| San Francisco Bay Area Rapid Transit District GO, Series A, 5.00%, 08/01/28 (Call 08/01/27) | 50 | 56407 |
| San Francisco Bay Area Rapid Transit District Sales Tax Revenue RB, 4.00%, 07/01/28 (Call 07/01/26) | 50 | 53121 |
| San Francisco City & County Public Utilities Commission Wastewater Revenue RB, 5.00%, 10/01/31 (Call 04/01/28) | 130 | 148503 |
| San Jose Evergreen Community College District GO, Series B, 0.00%, 09/01/28 (AGM)<sup>(a)</sup> | 50 | 42930 |
| San Jose Unified School District GO, Series C, 0.00%, 08/01/28 (NPFGC)<sup>(a)</sup> | 170 | 147632 |
| San Marcos Unified School District GO, 0.00%, 08/01/28<sup>(a)</sup> | 80 | 69625 |
| San Mateo County Community College District GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;0.00%, 09/01/28<sup>(a)</sup> | 140 | 122343 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 09/01/28 | 70 | 81049 |
| Santa Clara Valley Transportation Authority RB, Series B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/01/28 | 125 | 143903 |
| Santa Monica-Malibu Unified School District GO, 4.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;08/01/28 (Call 08/01/26) | 135 | 143624 |
| Southern California Public Power Authority RB, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;07/01/28 | 115 | 132646 |
| State of California Department of Water Resources RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/28 | 100 | 116740 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/28 (Call 06/01/26) | 25 | 27448 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/29 (Call 12/01/28) | 125 | 145866 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/30 (Call 12/01/28) | 110 | 128317 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/31 (Call 12/01/28) | 70 | 81409 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series BA, 5.00%, 12/01/28 | 175 | 204294 |
| State of California GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 09/01/28 (Call 09/01/26) | 150 | 159995 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 04/01/28 | 245 | 280448 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/01/28. | 520 | 599774 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/01/28 (Call 08/01/27) | 375 | 422535 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 09/01/28 (Call 09/01/26) | 510 | 561554 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/28 | 925 | 1070878 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 11/01/28 | 220 | 255168 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/01/29 (Call 08/01/28) | 660 | 760750 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/01/30 (Call 08/01/28) | 95 | 109437 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/30 (Call 10/01/28) | 310 | 358437 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 11/01/32 (Call 11/01/28) | 400 | 461408 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/01/28 (Call 08/01/26) | 390 | 428553 |
| University of California RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series AZ, 5.00%, 05/15/31 (Call 05/15/28) | 75 | 85947 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series O, 5.00%, 05/15/30 (Call 05/15/28) | 100 | 114647 |
| William S Hart Union High School District GO, Series B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;0.00%, 09/01/28 (AGM)<sup>(a)</sup> | 225 | 193081 |
|  |  | 17599253 |
| **Colorado — 1.5%** |  |  |
| Board of Governors of Colorado State University System RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00%, 03/01/28 | 110 | 124258 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00%, 03/01/29 (Call 03/01/28) | 240 | 270271 |
| Board of Water Commissioners City & County of Denver (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;RB, 2.25%, 09/15/28 (Call 09/15/26) | 30 | 30065 |
| City & County of Denver Co. Airport System Revenue RB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 12/01/32 (Call 12/01/28) | 225 | 257051 |
| City & County of Denver Co. GO, 5.00%, 08/01/28 | 75 | 86295 |
| City of Aurora Co. Water Revenue RB, 5.00%, 08/01/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 08/01/26) | 55 | 60111 |
| Colorado Health Facilities Authority, 5.00%, 11/01/28 | 250 | 277909 |

---

---

| | | |
|:---|:---|:---|
|  | *Par* |  |
| *Security* | *(000)* | *Value* |
| **Colorado (continued)** |  |  |
| Denver City & County School District No. 1 GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/28 (Call 12/01/26) (SAW) | $125 | $137896 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 4.00%, 12/01/28 (SAW) | 270 | 297409 |
| E-470 Public Highway Authority RB, 0.00%, 09/01/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(NPFGC)<sup>(a)</sup> | 180 | 153564 |
| Regional Transportation District Sales Tax Revenue RB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 11/01/28 | 290 | 333810 |
| University of Colorado RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-2, 5.00%, 06/01/30 (Call 06/01/28) | 100 | 113465 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-2, 5.00%, 06/01/31 (Call 06/01/28) | 95 | 107739 |
|  |  | 2249843 |
| **Connecticut — 2.0%** |  |  |
| City of Danbury CT GO, 4.00%, 11/01/28 (Call 11/01/26) | 45 | 48001 |
| State of Connecticut, 5.00%, 04/15/28 | 215 | 243712 |
| State of Connecticut Clean Water Fund - State Revolving Fund |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;RB, Series A, 5.00%, 05/01/28 (Call 05/01/27) | 100 | 111531 |
| State of Connecticut GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 09/15/28 | 100 | 114342 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021 A, 4.00%, 01/15/28 | 100 | 107531 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 4.00%, 01/15/28 | 115 | 123661 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 04/15/28 | 165 | 187034 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00%, 06/15/28 | 140 | 159251 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series E, 5.00%, 09/15/28 | 75 | 85756 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series E, 5.00%, 09/15/30 (Call 09/15/28) | 240 | 273398 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series E, 5.00%, 09/15/31 (Call 09/15/28) | 205 | 233003 |
| State of Connecticut Special Tax Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/28 | 125 | 141380 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/28 (Call 09/01/26) | 125 | 137091 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/29 (Call 01/01/28) | 350 | 394724 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 09/01/28 (Call 09/01/26) | 50 | 54837 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00%, 11/01/28 | 245 | 282155 |
| University of Connecticut GO, 5.00%, 04/15/30 (Call 04/15/28) | 165 | 185598 |
|  |  | 2883005 |
| **Delaware — 0.7%** |  |  |
| Delaware Transportation Authority RB, 5.00%, 07/01/28 | 230 | 264146 |
| State of Delaware GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/01/28 | 50 | 56889 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 2.13%, 03/01/28 (Call 03/01/26) | 15 | 14922 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/28 | 275 | 312411 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/29 (Call 01/01/28) | 175 | 198934 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/01/32 (Call 02/01/28) | 125 | 141758 |
|  |  | 989060 |
| **District of Columbia — 1.9%** |  |  |
| District of Columbia GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/01/28 | 60 | 68298 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/01/28 (Call 06/01/26) | 100 | 109055 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/01/32 (Call 06/01/28) | 170 | 193364 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/28 | 185 | 212170 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/15/28 | 70 | 80946 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00%, 06/01/28 (Call 12/01/26) | 85 | 93802 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00%, 06/01/28 (Call 06/01/27) | 180 | 201299 |
| District of Columbia RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/01/28 | 95 | 108494 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/28 | 460 | 527438 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00%, 10/01/28 | 570 | 656926 |
| District of Columbia Water & Sewer Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/29 (Call 04/01/28) | 100 | 113423 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/28 | 150 | 174266 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/28 (Call 04/01/27) | 25 | 27794 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/30 (Call 04/01/28) | 65 | 73692 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2028 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
|  | *Par* |  |
| *Security* | *(000)* | *Value* |
| **District of Columbia (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/32 (Call 04/01/28) | $60 | $67711 |
| Washington Metropolitan Area Transit Authority RB, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;07/01/28 (Call 07/01/27) | 100 | 111023 |
|  |  | 2819701 |
| **Florida — 3.0%** |  |  |
| Central Florida Expressway Authority RB, Series B, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;07/01/28 (Call 07/01/26) | 195 | 211287 |
| County of Miami-Dade FL Aviation Revenue RB, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;10/01/28 (Call 10/01/26) | 200 | 217855 |
| County of Miami-Dade FL GO, Series D, 5.00%, 07/01/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 07/01/26) | 105 | 114130 |
| County of Miami-Dade FL Water & Sewer System Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/30 (Call 10/01/28) | 100 | 114074 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/28 (Call 10/01/27) | 365 | 408213 |
| Florida Department of Environmental Protection RB, Series A, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/28 | 225 | 256548 |
| Florida Department of Management Services COP, Series A, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 11/01/28 | 165 | 188585 |
| Hillsborough County School Board COP, Series A, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;07/01/28 (Call 07/01/26) | 310 | 333256 |
| Orange County School Board COP, Series C, 5.00%, 08/01/28 | 105 | 119526 |
| Palm Beach County School District COP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/01/28 | 150 | 170586 |
| Series B, 5.00%, 08/01/28 | 195 | 221761 |
| School District of Broward County/FL GO, 5.00%, 07/01/30 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 07/01/28) | 60 | 68034 |
| State of Florida Department of Transportation RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/31 (Call 07/01/28) | 100 | 114584 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/32 (Call 07/01/28) | 330 | 377229 |
| State of Florida Department of Transportation Turnpike System |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue RB, Series A, 5.00%, 07/01/28 | 75 | 85763 |
| State of Florida GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/01/28 (Call 06/01/26) | 150 | 163785 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 4.00%, 07/01/32 (Call 07/01/28) | 390 | 419803 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/01/28 (Call 06/01/27) | 155 | 173613 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00%, 06/01/30 (Call 06/01/28) | 220 | 251521 |
| State of Florida Lottery Revenue RB, Series A, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;07/01/28 | 190 | 217057 |
| State of Florida RB, 5.00%, 06/01/28 | 135 | 154754 |
|  |  | 4381964 |
| **Georgia — 1.6%** |  |  |
| City of Atlanta GA Department of Aviation RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/28 | 200 | 228152 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/28 | 80 | 91261 |
| City of Atlanta GA Water & Wastewater Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/28 (Call 11/01/27) | 100 | 112612 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00%, 11/01/28 (Call 11/01/27) | 150 | 168917 |
| Forsyth County School District GO, 5.00%, 02/01/30 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 02/01/28) | 250 | 284231 |
| State of Georgia GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/28 | 295 | 338796 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/29 (Call 07/01/28) | 70 | 80344 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/28 | 225 | 258886 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/30 (Call 07/01/28) | 250 | 286759 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/31 (Call 07/01/28) | 205 | 234785 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series E, 5.00%, 12/01/28 (Call 12/01/26) | 260 | 287722 |
|  |  | 2372465 |
| **Hawaii — 1.6%** |  |  |
| City & County Honolulu HI Wastewater System Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/28 | 60 | 68413 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 4.00%, 07/01/28 | 265 | 289063 |

---

---

| | | |
|:---|:---|:---|
|  | *Par* |  |
| *Security* | *(000)* | *Value* |
| **Hawaii (continued)** |  |  |
| City & County of Honolulu HI GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 11/01/28 | $100 | $115224 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/28 | 180 | 206669 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/30 (Call 09/01/28) | 240 | 274942 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 4.00%, 08/01/28 | 250 | 273370 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00%, 09/01/28 (Call 09/01/27) | 30 | 33658 |
| County of Maui HI GO, 5.00%, 09/01/28 | 40 | 45881 |
| State of Hawaii GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/28 (Call 10/01/26) | 115 | 126313 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series FH, 5.00%, 10/01/28 (Call 10/01/26) | 175 | 192215 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series FT, 5.00%, 01/01/29 (Call 01/01/28) | 265 | 299521 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series FT, 5.00%, 01/01/31 (Call 01/01/28) | 110 | 124196 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series FT, 5.00%, 01/01/32 (Call 01/01/28) | 285 | 321490 |
|  |  | 2370955 |
| **Illinois — 2.5%** |  |  |
| Chicago O'Hare International Airport RB, Series C, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;01/01/28 (Call 01/01/26) | 180 | 192916 |
| Chicago Transit Authority Capital Grant Receipts Revenue RB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/01/28 | 65 | 71779 |
| Illinois Finance Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 01/01/28 (Call 01/01/26) | 730 | 787752 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/28 (Call 01/01/26) | 35 | 37697 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/28 | 75 | 86083 |
| Series B, 5.00%, 01/01/28 | 155 | 175312 |
| Illinois State Toll Highway Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 01/01/28 | 300 | 339462 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 01/01/28 (Call 01/01/26) | 40 | 43011 |
| Metropolitan Water Reclamation District of Greater Chicago |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;GO, Series A, 5.00%, 12/01/28 (Call 12/01/26) | 150 | 164202 |
| State of Illinois GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/01/28 (Call 02/01/27) | 100 | 106511 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/01/28 | 130 | 140514 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/28 | 155 | 168306 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/01/29 (Call 05/01/28) | 310 | 333865 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/30 (Call 10/01/28) | 200 | 215156 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 03/01/28 | 50 | 54030 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00%, 11/01/28 (Call 11/01/27) | 550 | 589921 |
| State of Illinois Sales Tax Revenue RB, 5.00%, 06/15/28 | 150 | 161136 |
|  |  | 3667653 |
| **Indiana — 1.5%** |  |  |
| City of Indianapolis Department of Public Utilities Water |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;System Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/30 (Call 10/01/28) | 270 | 306466 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/28 | 65 | 74167 |
| Indiana Finance Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/01/28 | 245 | 277637 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/01/28 | 170 | 193861 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/28 (Call 10/01/26) | 100 | 109357 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00%, 02/01/28 | 125 | 141652 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00%, 06/01/28 (Call 12/01/26) | 115 | 126998 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00%, 02/01/29 (Call 02/01/28) | 175 | 198338 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series R, 5.00%, 02/01/28 | 330 | 374295 |
| Indianapolis Local Public Improvement Bond Bank RB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series E, 5.00%, 01/01/28 (PR 01/01/26) | 175 | 188948 |
| Purdue University RB, 5.00%, 07/01/28 | 125 | 143351 |
|  |  | 2135070 |
| **Iowa — 0.5%** |  |  |
| City of Des Moines IA GO, 5.00%, 06/01/28 | 185 | 210967 |
| Iowa Finance Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/01/28 (Call 08/01/27) | 100 | 112127 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2028 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
|  | *Par* |  |
| *Security* | *(000)* | *Value* |
| **Iowa (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/01/32 (Call 08/01/28) | $200 | $228337 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/31 (Call 08/01/28) | 120 | 136943 |
| State of Iowa RB, Series A, 5.00%, 06/01/28 (Call 06/01/26) | 30 | 32555 |
|  |  | 720929 |
| **Kansas — 0.2%** |  |  |
| Sedgwick County Unified School District No. 266 Maize GO, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 4.00%, 09/01/28 (Call 09/01/27) | 50 | 53339 |
| State of Kansas Department of Transportation RB, Series A, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 09/01/28 (Call 09/01/27) | 195 | 218514 |
|  |  | 271853 |
| **Louisiana — 0.6%** |  |  |
| State of Louisiana GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/28 (Call 08/01/26) | 110 | 120184 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/28 (Call 10/01/27) | 255 | 286872 |
| State of Louisiana RB, Series A, 5.00%, 09/01/29 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 09/01/28) | 395 | 452527 |
|  |  | 859583 |
| **Maine — 0.7%** |  |  |
| City of Portland ME GO, 5.00%, 04/01/28 | 190 | 215793 |
| Maine Municipal Bond Bank RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/28 (Call 09/01/26) | 80 | 87376 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/28 | 165 | 189446 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00%, 11/01/28 (Call 11/01/27) | 75 | 84243 |
| State of Maine GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/01/28 | 230 | 263654 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00%, 06/01/28 | 125 | 143290 |
|  |  | 983802 |
| **Maryland — 5.2%** |  |  |
| City of Baltimore MD GO, Series A, 5.00%, 10/15/28 | 45 | 51776 |
| County of Anne Arundel MD GOL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/28 | 360 | 415732 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/28 (Call 10/01/27) | 140 | 158029 |
| County of Baltimore MD GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 03/01/28 | 70 | 79794 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 03/01/29 (Call 03/01/28) | 690 | 786250 |
| County of Frederick MD GO, 5.00%, 10/01/28 | 150 | 173222 |
| County of Howard MD GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/15/28 | 55 | 62633 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/15/29 (Call 08/15/28) | 115 | 132341 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/15/28 | 260 | 299412 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00%, 02/15/28 | 75 | 85408 |
| County of Montgomery MD GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 11/01/28 | 225 | 260307 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/28 | 265 | 306583 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/29 (Call 11/01/28) | 130 | 150272 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 4.00%, 11/01/28 | 115 | 126586 |
| County of Prince George's MD GOL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/15/30 (Call 07/15/28) | 155 | 177945 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 4.00%, 07/15/32 (Call 07/15/28) | 255 | 277722 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/15/31 (Call 07/15/28) | 365 | 418781 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 09/15/28 | 250 | 288422 |
| Maryland State Transportation Authority RB, 5.00%, 07/01/28 | 60 | 68643 |
| State of Maryland Department of Transportation RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 05/01/30 (Call 05/01/28) | 80 | 86641 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 09/01/28 (Call 09/01/27) | 135 | 151467 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/28 (Call 10/01/26) | 200 | 219698 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/28 | 135 | 156469 |
| State of Maryland GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/01/28 | 130 | 149579 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Series, 5.00%, 03/15/28 | 525 | 598979 |

---

---

| | | |
|:---|:---|:---|
|  | *Par* |  |
| *Security* | *(000)* | *Value* |
| **Maryland (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Second Series, 5.00%, 08/01/29 (Call 08/01/28) | $275 | $316208 |
| &nbsp;&nbsp;&nbsp;&nbsp;Second Series, 5.00%, 08/01/30 (Call 08/01/28) | 280 | 321768 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/28 (Call 03/15/27) | 100 | 111454 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/29 (Call 03/15/28) | 340 | 387755 |
| Washington Suburban Sanitary Commission RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/01/28 | 200 | 229264 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/01/28 (GTD) | 130 | 149022 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/01/30 (Call 06/01/28) (GTD) | 295 | 337747 |
|  |  | 7535909 |
| **Massachusetts — 2.0%** |  |  |
| Commonwealth of Massachusetts GOL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 03/01/28 | 75 | 85494 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 11/01/28 | 40 | 46277 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/28 | 390 | 447901 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 01/01/30 (Call 01/01/28) | 395 | 448055 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.25%, 08/01/28 | 350 | 407234 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00%, 05/01/28 | 275 | 314651 |
| Massachusetts Bay Transportation Authority RB, Series A, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 07/01/28 | 250 | 290299 |
| Massachusetts Department of Transportation RB, Series A, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;0.00%, 01/01/28 (NPFGC)<sup>(a)</sup> | 50 | 43417 |
| Massachusetts Health & Educational Facilities Authority RB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series M, 5.25%, 07/01/28 | 100 | 116398 |
| Massachusetts State College Building Authority RB, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;05/01/29 (Call 05/01/28) (ST INTERCEPT) | 155 | 175860 |
| Massachusetts Water Resources Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/28 (Call 08/01/26) | 120 | 131522 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.25%, 08/01/28 (AGM) | 135 | 157076 |
| University of Massachusetts Building Authority RB, Series |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2019-1, 5.00%, 05/01/28 | 150 | 170987 |
|  |  | 2835171 |
| **Michigan — 1.1%** |  |  |
| Great Lakes Water Authority Water Supply System Revenue |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;RB, Series C, 5.00%, 07/01/28 (Call 07/01/26) | 35 | 37935 |
| Michigan Finance Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/28 | 120 | 138093 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/30 (Call 10/01/28) | 470 | 539104 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/28 (Call 10/01/26) | 205 | 225394 |
| Michigan State Building Authority RB, Series I, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;04/15/28 | 340 | 385404 |
| Michigan State University RB, Series B, 5.00%, 02/15/28 | 145 | 164233 |
| State of Michigan Trunk Line Revenue RB, 5.00%, 11/15/28 | 60 | 69580 |
| University of Michigan RB, 5.00%, 04/01/32 (Call 04/01/28) | 75 | 84951 |
|  |  | 1644694 |
| **Minnesota — 2.0%** |  |  |
| County of Hennepin MN GO, 5.00%, 12/01/28 (Call 12/01/26) | 200 | 221177 |
| Metropolitan Council GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 03/01/28 | 385 | 438868 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 03/01/28 (Call 03/01/27) | 95 | 105706 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/28 | 100 | 115903 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 4.00%, 03/01/28 (Call 03/01/27) | 65 | 69586 |
| Minneapolis-St Paul Metropolitan Airports Commission RB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/28 (Call 01/01/27) | 100 | 110114 |
| Minnesota Public Facilities Authority RB, Series A, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;03/01/28 (Call 03/01/26) | 125 | 135481 |
| State of Minnesota GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/01/28 | 240 | 275730 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/28 (Call 10/01/27) | 100 | 112688 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/29 (Call 08/01/28) | 670 | 768523 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/32 (Call 08/01/28) | 330 | 377491 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2028 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)**  |

---

---

| | | |
|:---|:---|:---|
|  | *Par* |  |
| *Security* | *(000)* | *Value* |
| **Minnesota (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/28 (Call 10/01/27) | $130 | $146495 |
|  |  | 2877762 |
| **Mississippi — 0.4%** |  |  |
| State of Mississippi GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/28 (Call 12/01/26) | 160 | 176439 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/28 (Call 10/01/27) | 305 | 342833 |
|  |  | 519272 |
| **Missouri — 0.5%** |  |  |
| City of Kansas City MO Sanitary Sewer System Revenue RB, Series A, 5.00%, 01/01/29 (Call 01/01/28) | 140 | 158657 |
| Missouri State Board of Public Buildings RB, Series B, 4.00%, 10/01/28 | 465 | 505784 |
|  |  | 664441 |
| **Nebraska — 0.6%** |  |  |
| Nebraska Public Power District RB, 5.00%, 01/01/28 | 135 | 151219 |
| Omaha Public Power District RB 5.00%, 02/01/29 (Call 02/01/28) | 120 | 136064 |
| Series A, 5.00%, 02/01/28 (Call 02/01/26) | 185 | 199877 |
| University of Nebraska Facilities Corp. (The) RB, 5.00%, 07/15/29 (Call 07/15/28) | 100 | 113878 |
| University of Nebraska Facilities Corp. RB 5.00%, 07/15/28 | 80 | 91735 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/15/30 (Call 07/15/28) | 150 | 170713 |
|  |  | 863486 |
| **Nevada — 2.4%** |  |  |
| Clark County School District GOL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/15/28 | 145 | 164782 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/15/28 (AGM) | 205 | 232967 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00%, 06/15/28 (Call 12/15/27) | 145 | 162977 |
| County of Clark Department of Aviation RB, Series B, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;07/01/28 | 215 | 245381 |
| County of Clark NV GOL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/28 | 345 | 397817 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/01/29 (Call 06/01/28) | 245 | 278709 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/30 (Call 12/01/28) | 225 | 257792 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/31 (Call 12/01/28) | 175 | 200310 |
| County of Clark NV RB, Series B, 5.00%, 07/01/28 | 345 | 392430 |
| County of Washoe NV RB, 5.00%, 02/01/28 | 195 | 219402 |
| Las Vegas Valley Water District GOL, 5.00%, 06/01/28 | 240 | 273816 |
| State of Nevada GOL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 04/01/31 (Call 04/01/28) | 100 | 107385 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/01/28 | 40 | 45472 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/01/28 | 140 | 159439 |
| State of Nevada Highway Improvement Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/28 (Call 06/01/26) | 130 | 141422 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/30 (Call 06/01/28) | 160 | 181439 |
|  |  | 3461540 |
| **New Hampshire — 0.3%** |  |  |
| New Hampshire Municipal Bond Bank RB, Series B, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;08/15/28 | 340 | 390963 |
| State of New Hampshire GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/28 | 40 | 46266 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 12/01/31 (Call 12/01/28) | 65 | 74707 |
|  |  | 511936 |
| **New Jersey — 2.2%** |  |  |
| County of Monmouth NJ GO, 5.00%, 07/15/28 (Call 07/15/27) | 100 | 112466 |
| New Jersey Economic Development Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/15/28 | 60 | 66996 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 11/01/28 | 100 | 112403 |

---

---

| | | |
|:---|:---|:---|
|  | *Par* |  |
| *Security* | *(000)* | *Value* |
| **New Jersey (continued)** |  |  |
| New Jersey Transportation Trust Fund Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/30 (Call 12/15/28) | $75 | $83996 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/15/28 (Call 06/15/26) | 350 | 377095 |
| New Jersey Turnpike Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 01/01/31 (Call 01/01/28) | 175 | 196976 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 01/01/32 (Call 01/01/28) | 390 | 438581 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 01/01/29 (Call 01/01/28) | 505 | 569028 |
| State of New Jersey GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/28 (Call 06/01/27) | 135 | 150146 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/28 | 910 | 1035272 |
|  |  | 3142959 |
| **New Mexico — 0.6%** |  |  |
| New Mexico Finance Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/28 | 180 | 205535 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/15/28 | 150 | 170871 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 06/01/29 (Call 06/01/28) | 70 | 80009 |
| State of New Mexico GO, 5.00%, 03/01/28 | 25 | 28433 |
| State of New Mexico Severance Tax Permanent Fund RB, |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/28 | 335 | 382890 |
|  |  | 867738 |
| **New York — 11.7%** |  |  |
| City of New York NY GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/28 | 210 | 240804 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/28 (Call 02/01/28) | 310 | 352500 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/31 (Call 02/01/28) | 100 | 113006 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/28 (Call 08/01/27) | 225 | 253006 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/29 (Call 02/01/28) | 110 | 124726 |
| &nbsp;&nbsp;&nbsp;Series A-2, 5.00%, 08/01/29 (Call 02/01/28) | 195 | 221105 |
| &nbsp;&nbsp;&nbsp;Series B-1, 5.00%, 10/01/28 | 280 | 322216 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/01/28 (Call 02/01/27) | 175 | 194460 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/01/29 (Call 02/01/28) | 310 | 351500 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/01/31 (Call 02/01/28) | 250 | 282516 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 08/01/28 (Call 02/01/26) | 210 | 225938 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 08/01/28 | 235 | 269471 |
| Long Island Power Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/29 (Call 09/01/28) | 175 | 200388 |
| &nbsp;&nbsp;&nbsp;Series A, 0.00%, 12/01/28 (AGM)<sup>(a)</sup> | 170 | 145824 |
| Metropolitan Transportation Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/15/28 | 435 | 469898 |
| &nbsp;&nbsp;&nbsp;Series C-1, 5.00%, 11/15/28 (Call 05/15/28) | 195 | 207202 |
| &nbsp;&nbsp;&nbsp;Series C-1, 5.00%, 11/15/29 (Call 05/15/28) | 290 | 307860 |
| New York City Municipal Water Finance Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/28 (Call 12/15/26) | 125 | 138025 |
| &nbsp;&nbsp;&nbsp;Series EE, 5.00%, 06/15/28 | 180 | 206715 |
| New York City Transitional Finance Authority Building Aid |  |  |
| &nbsp;&nbsp;&nbsp;Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/15/30 (Call 07/15/28) (SAW) | 550 | 628371 |
| &nbsp;&nbsp;&nbsp;Series S, 5.00%, 07/15/30 (Call 07/15/28) (SAW) | 185 | 211361 |
| &nbsp;&nbsp;&nbsp;Series S-2A, 5.00%, 07/15/31 (Call 07/15/28) (SAW) | 355 | 405342 |
| &nbsp;&nbsp;&nbsp;Series S-2A, 5.00%, 07/15/32 (Call 07/15/28) (SAW) | 195 | 221791 |
| &nbsp;&nbsp;&nbsp;Series S-4A, 5.00%, 07/15/28 (SAW) | 80 | 91823 |
| &nbsp;&nbsp;&nbsp;Series S-4A, 5.00%, 07/15/31 (Call 07/15/28) (SAW) | 180 | 205526 |
| New York City Transitional Finance Authority Future Tax |  |  |
| &nbsp;&nbsp;&nbsp;Secured Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/28 | 810 | 937578 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/28 (Call 11/01/27) | 245 | 276016 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/29 (Call 08/01/28) | 105 | 120206 |
| &nbsp;&nbsp;&nbsp;Series A1, 5.00%, 08/01/32 (Call 08/01/28) | 50 | 56973 |
| &nbsp;&nbsp;&nbsp;Series B-1, 5.00%, 08/01/28 (Call 08/01/27) | 100 | 112036 |
| &nbsp;&nbsp;&nbsp;Series C-1, 5.00%, 11/01/28 | 50 | 57875 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2028 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)**  |

---

---

| | | |
|:---|:---|:---|
|  | *Par* |  |
| *Security* | *(000)* | *Value* |
| **New York (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C-2, 5.00%, 05/01/32 (Call 05/01/28) | $155 | $175769 |
| New York City Water & Sewer System RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/15/28 | 230 | 264136 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/15/28 (Call 06/15/27) | 130 | 145052 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series CC-1, 5.00%, 06/15/28 | 135 | 155036 |
| New York State Dormitory Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/28 | 200 | 229251 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 03/15/29 (Call 09/15/28) | 240 | 276814 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/15/28 (Call 02/15/27) | 200 | 221409 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/28 | 125 | 142223 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/28 (Call 09/15/26) | 55 | 60286 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/29 (Call 03/15/28) | 310 | 352573 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/29 (Call 07/01/28) | 170 | 192885 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/31 (Call 03/15/28) | 310 | 351214 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/32 (Call 03/15/28) | 210 | 237440 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/32 (Call 09/15/28) | 170 | 194925 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 02/15/28 (Call 08/15/27) | 340 | 380683 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00%, 03/15/29 (Call 03/15/28) | 225 | 255900 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00%, 03/15/31 (Call 03/15/28) | 210 | 237919 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00%, 03/15/32 (Call 03/15/28) | 160 | 180907 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00%, 02/15/28 | 245 | 278248 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series E, 5.00%, 03/15/30 (Call 09/15/28) | 670 | 767877 |
| New York State Environmental Facilities Corp. RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/15/28 (Call 06/15/26) | 160 | 174711 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/15/28 (Call 06/15/27) | 270 | 302100 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/15/29 (Call 06/15/28) | 125 | 142651 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/15/28 | 335 | 384536 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/15/32 (Call 06/15/28) | 75 | 85453 |
| New York State Thruway Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series L, 5.00%, 01/01/30 (Call 01/01/28) | 230 | 258718 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series L, 5.00%, 01/01/31 (Call 01/01/28) | 110 | 123650 |
| New York State Urban Development Corp. RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 03/15/28 | 75 | 85451 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/28 (Call 03/15/26) | 365 | 394035 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/28 (Call 03/15/27) | 155 | 171913 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C-2, 5.00%, 03/15/28 (Call 09/15/27) | 100 | 112217 |
| Port Authority of New York & New Jersey RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 09/01/29 (Call 09/01/28) | 160 | 183212 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 205TH, 5.00%, 11/15/28 (Call 11/15/27) | 160 | 180877 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 209TH, 5.00%, 07/15/30 (Call 07/15/28) | 100 | 114029 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 211TH, 5.00%, 09/01/32 (Call 09/01/28) | 270 | 307377 |
| Triborough Bridge & Tunnel Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 11/15/28 (Call 05/15/26) | 75 | 81403 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 0.00%, 11/15/28<sup>(a)</sup> | 210 | 176985 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/15/28 | 385 | 443298 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C-1, 5.00%, 11/15/28 | 70 | 80600 |
| Utility Debt Securitization Authority RB, Series A, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;06/15/28 (Call 06/15/26) | 165 | 180565 |
|  |  | 17036386 |
| **North Carolina — 1.9%** |  |  |
| City of Charlotte NC GO, Series A, 5.00%, 06/01/28 | 150 | 172030 |
| City of Charlotte NC Storm Water Revenue RB, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;12/01/28 | 100 | 115962 |
| County of Guilford NC GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/01/28 (Call 02/01/26) | 5 | 5423 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 05/01/28 (Call 05/01/27) | 100 | 111833 |
| County of Wake NC GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 03/01/28 | 295 | 335056 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 04/01/28 | 175 | 199951 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/01/28 | 15 | 17139 |

---

---

| | | |
|:---|:---|:---|
|  | *Par* |  |
| *Security* | *(000)* | *Value* |
| **North Carolina (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/01/31 (Call 03/01/28) | $105 | $119569 |
| County of Wake NC RB, Series A, 5.00%, 12/01/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 12/01/26) | 75 | 82880 |
| North Carolina State University at Raleigh RB, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;10/01/28 | 75 | 85877 |
| State of North Carolina GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/28 | 230 | 263779 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/29 (Call 06/01/28) | 250 | 286698 |
| State of North Carolina RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 03/01/28 | 240 | 272341 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/01/28 | 255 | 291494 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 05/01/28 (Call 05/01/27) | 325 | 363036 |
|  |  | 2723068 |
| **North Dakota — 0.1%** |  |  |
| North Dakota Building Authority RB, 5.00%, 12/01/28 | 100 | 115014 |
| **Ohio — 3.3%** |  |  |
| American Municipal Power Inc. RB, Series A, 5.00%, 02/15/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 02/15/26) | 230 | 247188 |
| City of Columbus OH, 5.00%, 04/01/29 (Call 10/01/28) | 120 | 138192 |
| City of Columbus OH GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 04/01/28 | 115 | 131033 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 3, 5.00%, 02/15/28 (Call 02/15/27) | 50 | 55432 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/01/31 (Call 10/01/28) | 465 | 534032 |
| County of Franklin OH Sales Tax Revenue RB, 4.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;06/01/31 (Call 06/01/28) | 145 | 157516 |
| Ohio Turnpike & Infrastructure Commission RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/15/31 (Call 02/15/28) | 150 | 169804 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/15/28 (Call 02/15/27) | 215 | 238267 |
| Ohio Water Development Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/01/28 | 100 | 114469 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/01/28 (Call 03/01/28) | 275 | 313025 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/28 | 100 | 115724 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/28 (Call 12/01/26) | 95 | 104801 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/28 | 420 | 480771 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 12/01/28 | 510 | 590194 |
| State of Ohio GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 03/15/28 | 50 | 56915 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/01/28 | 120 | 136982 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 09/01/28 | 165 | 189728 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 09/01/28 | 130 | 149482 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 09/15/28 | 75 | 86312 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series S, 5.00%, 05/01/28 (Call 05/01/26) | 285 | 309888 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series V, 5.00%, 05/01/32 (Call 05/01/28) | 100 | 113029 |
| State of Ohio RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/01/28 | 115 | 130431 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00%, 12/01/28 (Call 12/01/26) | 165 | 181066 |
|  |  | 4744281 |
| **Oklahoma — 0.1%** |  |  |
| Oklahoma Capitol Improvement Authority RB, 5.00%, 07/01/28 | 25 | 28328 |
| Oklahoma Department of Transportation RB, Series A, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;09/01/28 | 50 | 56705 |
|  |  | 85033 |
| **Oregon — 1.2%** |  |  |
| City of Portland OR GOL, Series B, 5.00%, 06/15/29 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 06/15/28) | 170 | 194747 |
| City of Portland OR Sewer System Revenue RB, Series A, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/01/28 (Call 05/01/26) | 160 | 173815 |
| County of Multnomah OR GO, Series A, 5.00%, 06/15/28 | 200 | 229464 |
| Oregon Health & Science University RB, Series A, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;07/01/28 | 135 | 153707 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2028 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
|  | *Par* |  |
| *Security* | *(000)* | *Value* |
| **Oregon (continued)** |  |  |
| Oregon State Bond Bank RB, 5.00%, 01/01/28 (Call 01/01/26) | $90 | $96935 |
| Portland Community College District GO, 5.00%, 06/15/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 06/15/26) | 130 | 141820 |
| Salem-Keizer School District No. 24J GO, Series B, 0.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;06/15/28 (GTD)<sup>(a)</sup> | 90 | 77129 |
| State of Oregon GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/01/28 | 125 | 142823 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/01/28 | 35 | 40064 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/01/28 | 40 | 45703 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00%, 06/01/28 | 300 | 343408 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series Q, 5.00%, 05/01/28 (Call 05/01/26) | 60 | 65259 |
|  |  | 1704874 |
| **Pennsylvania — 2.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;City of Philadelphia PA Water & Wastewater Revenue RB, |  |  |
| Series B, 5.00%, 11/01/28 (Call 11/01/27) | 120 | 134214 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 01/15/28 (Call 01/15/27) | 345 | 381059 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/01/28 | 250 | 284313 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Series, 5.00%, 01/01/28 (Call 01/01/27) | 935 | 1031780 |
| &nbsp;&nbsp;&nbsp;&nbsp;Second Series, 5.00%, 09/15/28 (Call 09/15/26) | 270 | 296146 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 1, 5.00%, 02/01/28 (Call 02/01/26) | 160 | 173012 |
| County of Chester PA GO, Series A, 4.00%, 07/15/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 07/15/26) | 105 | 111734 |
| Lower Merion School District GOL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 11/15/30 (Call 11/15/28) (SAW) | 80 | 87768 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 11/15/31 (Call 11/15/28) (SAW) | 230 | 252095 |
| Pennsylvania Turnpike Commission Oil Franchise Tax |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue RB, 5.00%, 12/01/28 | 125 | 143841 |
| Pennsylvania Turnpike Commission RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Second Series, 5.00%, 12/01/28 (Call 12/01/27) | 150 | 165676 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.25%, 07/15/28 (AGM) | 320 | 368367 |
| Pittsburgh Water & Sewer Authority RB, Series A, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;09/01/28 (Call 09/01/27) (AGM) | 115 | 128230 |
| West Chester Area School District/PA GO, 5.00%, 05/15/28 | 200 | 229360 |
|  |  | 3787595 |
| **Rhode Island — 0.7%** |  |  |
| Rhode Island Commerce Corp. RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/15/28 | 200 | 226040 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/15/28 (Call 06/15/26) | 400 | 433789 |
| State of Rhode Island GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 01/15/28 | 170 | 192194 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/28 (Call 08/01/27) | 125 | 139875 |
|  |  | 991898 |
| **South Carolina — 0.5%** |  |  |
| County of Beaufort SC GO, Series A, 5.00%, 02/01/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 02/01/27) (SAW) | 120 | 132972 |
| County of Charleston SC GO, Series B, 5.00%, 11/01/28 | 100 | 115633 |
| South Carolina Transportation Infrastructure Bank RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/28 | 195 | 222947 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/29 (Call 10/01/28) | 155 | 176634 |
| State of South Carolina GO, Series A, 5.00%, 04/01/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 10/01/27) (SAW) | 115 | 129883 |
|  |  | 778069 |
| **Tennessee — 2.3%** |  |  |
| City of Clarksville TN Water Sewer & Gas Revenue RB, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;02/01/28 (Call 02/01/26) | 100 | 108132 |
| City of Knoxville TN GO, 5.00%, 05/01/28 | 85 | 97256 |
| City of Memphis TN Sanitary Sewerage System Revenue RB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/28 | 220 | 253043 |
| County of Blount TN GO, 5.00%, 06/01/28 (Call 06/01/26) | 175 | 190796 |

---

---

| | | |
|:---|:---|:---|
|  | *Par* |  |
| *Security* | *(000)* | *Value* |
| **Tennessee (continued)** |  |  |
| County of Hamilton TN GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 04/01/29 (Call 04/01/28) | $100 | $114209 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/01/28 | 185 | 211377 |
| County of Montgomery TN GO, 5.00%, 04/01/28 | 70 | 79576 |
| County of Rutherford TN GO, 5.00%, 04/01/28 | 100 | 114100 |
| County of Shelby TN GO, 5.00%, 04/01/28 | 85 | 96717 |
| County of Williamson TN GO, 5.00%, 05/01/28 | 275 | 314798 |
| Metropolitan Government of Nashville & Davidson County TN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Electric Revenue RB, Series A, 5.00%, 05/15/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 05/15/27) | 110 | 122602 |
| Metropolitan Government of Nashville & Davidson County |  |  |
| TN GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 01/01/28 (Call 07/01/26) | 125 | 132429 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 07/01/28 | 180 | 196109 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 01/01/28 (Call 07/01/26) | 210 | 229425 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/30 (Call 07/01/28) | 220 | 250416 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/32 (Call 07/01/28) | 130 | 147468 |
| State of Tennessee GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/01/29 (Call 02/01/28) | 155 | 176379 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/01/32 (Call 02/01/28) | 75 | 85322 |
| Tennessee State School Bond Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/28 (Call 11/01/27) | 145 | 163287 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/01/28 (Call 11/01/27) (ST INTERCEPT) | 220 | 247745 |
|  |  | 3331186 |
| **Texas — 11.0%** |  |  |
| Abilene Independent School District GO, 5.00%, 02/15/28 | 55 | 62071 |
| Aldine Independent School District GO, 5.00%, 02/15/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 02/15/27) (PSF) | 90 | 99891 |
| Alvin Independent School District/TX GO, Series A, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;02/15/28 (Call 02/15/26) (PSF) | 95 | 102389 |
| Austin Community College District RB, 5.00%, 02/01/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 02/01/26) | 155 | 167417 |
| Austin Independent School District GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/01/28 (PSF) | 70 | 80073 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/01/28 (Call 08/01/26) (PSF) | 100 | 109011 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/01/31 (Call 08/01/28) (PSF) | 210 | 240117 |
| Board of Regents of the University of Texas System RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/15/28 | 350 | 401084 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series H, 5.00%, 08/15/28 (Call 08/15/26) | 105 | 114901 |
| City of Austin TX GOL, 5.00%, 09/01/28 | 400 | 459265 |
| City of Austin TX Water & Wastewater System Revenue RB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 11/15/28 (Call 11/15/26) | 175 | 192647 |
| City of Dallas TX Waterworks & Sewer System Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/28 (Call 10/01/27) | 150 | 168182 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00%, 10/01/29 (Call 10/01/28) | 50 | 57121 |
| City of Fort Worth Water & Sewer System Revenue RB, 4.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;02/15/28 | 290 | 311275 |
| City of Houston TX Combined Utility System Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 0.00%, 12/01/28 (AGM)<sup>(a)</sup> | 170 | 143825 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/15/28 (Call 11/15/27) | 105 | 117583 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00%, 11/15/30 (Call 11/15/28) | 145 | 165561 |
| City of Houston TX GOL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/01/28 | 150 | 169442 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/01/28 (Call 03/01/27) | 115 | 127106 |
| City of Lewisville TX GOL, 5.00%, 02/15/30 (Call 02/15/28) | 325 | 367167 |
| City of San Antonio TX Electric & Gas Systems Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 02/01/28 (Call 08/01/26) | 105 | 110678 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/01/28 | 60 | 67659 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/01/28 (Call 08/01/26) | 125 | 136620 |
| City of San Antonio TX GOL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/01/28 | 135 | 154201 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2028 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)**  |

---

---

| | | |
|:---|:---|:---|
|  | *Par* |  |
| *Security* | *(000)* | *Value* |
| **Texas (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/01/28 (Call 08/01/27) | $95 | $106175 |
| County of Bexar TX RB, 5.00%, 06/15/30 (Call 06/15/28) | 100 | 113665 |
| County of El Paso TX GOL, 5.00%, 02/15/28 (Call 08/15/27) | 120 | 134249 |
| County of Harris TX GOL, 5.00%, 10/01/28 | 250 | 287981 |
| Cypress-Fairbanks Independent School District GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/15/28 (PSF) | 140 | 158856 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/15/28 (Call 02/15/26) (PSF) | 55 | 59496 |
| Dallas Fort Worth International Airport RB, 5.00%, 11/01/28 | 135 | 154923 |
| Dallas Independent School District GO, Series A, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;02/15/28 | 275 | 313023 |
| Fort Bend Independent School District GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 4.00%, 02/15/32 (Call 02/15/28) (PSF) | 290 | 310881 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/15/28 (PSF) | 90 | 102732 |
| Frisco Independent School District GO, 5.00%, 08/15/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(PSF) | 300 | 342777 |
| Georgetown Independent School District GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/15/28 (Call 08/15/27) (PSF) | 100 | 112409 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/15/29 (Call 08/15/28) (PSF) | 105 | 120656 |
| Grand Parkway Transportation Corp. RB, Series A, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;10/01/30 (Call 04/01/28) | 130 | 146506 |
| Grand Prairie Independent School District GO, Series A, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/15/28 (Call 08/15/26) (PSF) | 80 | 87430 |
| Harris County Toll Road Authority (The) RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/15/28 | 200 | 229416 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/15/32 (Call 02/15/28) | 160 | 179966 |
| Houston Independent School District GOL, 5.00%, 07/15/29 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 07/15/28) | 170 | 193968 |
| Katy Independent School District GO, 5.00%, 02/15/31 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 02/15/28) (PSF) | 125 | 141122 |
| Killeen Independent School District GO, 5.00%, 02/15/30 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 02/15/28) (PSF) | 385 | 435539 |
| Klein Independent School District GO, 5.00%, 08/01/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 08/01/26) (PSF) | 195 | 212298 |
| Laredo Independent School District GO, 5.00%, 08/01/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 08/01/27) (PSF) | 110 | 122590 |
| Leander Independent School District GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/15/31 (Call 08/15/28) (PSF) | 180 | 205472 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/15/31 (Call 02/15/28) (PSF) | 190 | 214594 |
| Lewisville Independent School District GO, 5.00%, 08/15/32 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 08/15/28) (PSF) | 375 | 426147 |
| Lone Star College System GOL, 5.00%, 02/15/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 02/15/26) | 70 | 75231 |
| North East Independent School District/TX GO, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;08/01/30 (Call 08/01/28) (PSF) | 75 | 85561 |
| North Texas Municipal Water District RB, 5.00%, 06/01/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 06/01/26) | 220 | 239773 |
| North Texas Municipal Water District Water System Revenue |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;RB, 5.00%, 09/01/28 | 470 | 539103 |
| North Texas Tollway Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;First Series, 0.00%, 01/01/28<sup>(a)</sup> | 220 | 191222 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/28 (Call 01/01/26) | 305 | 326974 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 01/01/28 | 170 | 189090 |
| Northside Independent School District GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/15/28 (Call 08/15/27) (PSF) | 150 | 167238 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/15/31 (Call 08/15/28) (PSF) | 250 | 283706 |
| Northwest Independent School District GO, 5.00%, 02/15/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(PSF) | 75 | 84986 |
| Pflugerville Independent School District GO, Series A, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;02/15/30 (Call 02/15/28) (PSF) | 100 | 112974 |
| Richardson Independent School District GO, 5.00%, 02/15/30 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 02/15/28) (PSF) | 200 | 226458 |
| Round Rock Independent School District GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/01/31 (Call 08/01/28) (PSF) | 220 | 251428 |

---

---

| | | |
|:---|:---|:---|
|  | *Par* |  |
| *Security* | *(000)* | *Value* |
| **Texas (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/01/32 (Call 08/01/28) (PSF) | $100 | $114113 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/28 (PSF) | 145 | 166027 |
| San Antonio Independent School District/TX GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/15/29 (Call 08/15/28) (PSF) | 200 | 229258 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/15/32 (Call 08/15/28) (PSF) | 505 | 577826 |
| &nbsp;&nbsp;&nbsp;&nbsp;San Antonio Water System RB, 5.00%, 05/15/28 | 220 | 250168 |
| Spring Independent School District GO, 5.00%, 08/15/32 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 08/15/28) (PSF) | 215 | 244683 |
| State of Texas GO, Series A, 5.00%, 08/01/29 (Call 08/01/28) | 225 | 256583 |
| Temple Independent School District/TX GO, 4.00%, 02/01/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 02/01/27) (PSF) | 110 | 116328 |
| Texas A&M University RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/15/28 | 90 | 102969 |
| Series E, 5.00%, 05/15/28 (Call 05/15/27) | 175 | 195201 |
| Texas Transportation Commission State Highway Fund RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/28 (Call 10/01/26) | 225 | 247467 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 04/01/28 | 50 | 57447 |
| Texas Water Development Board RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/01/28 | 205 | 234499 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/01/28 (Call 08/01/27) | 70 | 78330 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/15/28 (Call 04/15/28) | 295 | 335271 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/15/31 (Call 04/15/28) | 100 | 113116 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 04/15/28 | 145 | 164821 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/15/29 (Call 10/15/28) | 115 | 131611 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 04/15/31 (Call 10/15/28) | 85 | 97205 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/15/31 (Call 10/15/28) | 335 | 382894 |
| Trinity River Authority Central Regional Wastewater System |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue RB, 5.00%, 08/01/32 (Call 08/01/28) | 100 | 113284 |
|  |  | 16021002 |
| **Utah — 1.4%** |  |  |
| Alpine School District/UT GO, Series B, 5.00%, 03/15/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 03/15/27) (GTD) | 225 | 249836 |
| Central Valley Water Reclamation Facility RB, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;03/01/28 | 55 | 62411 |
| City of Provo UT GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/01/28 | 240 | 272458 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 01/01/29 (Call 01/01/28) | 150 | 169764 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/01/30 (Call 08/01/28) | 100 | 114538 |
| Salt Lake City Corp. RB, 5.00%, 02/01/28 (Call 02/01/27) | 265 | 293089 |
| State of Utah GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/28 | 315 | 361766 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/28 | 110 | 126331 |
| University of Utah (The) RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/28 (Call 08/01/27) (SAP) | 150 | 167918 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B-1, 5.00%, 08/01/28 (Call 08/01/27) (SAP) | 155 | 173515 |
| Utah Water Finance Agency RB, Series A, 5.00%, 03/01/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 03/01/27) | 80 | 88716 |
|  |  | 2080342 |
| **Virginia — 4.6%** |  |  |
| City of Virginia Beach VA GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 09/01/28 (SAW) | 100 | 115214 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 04/01/30 (Call 04/01/28) | 185 | 210438 |
| Commonwealth of Virginia GO, Series A, 5.00%, 06/01/30 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 06/01/28) | 245 | 280502 |
| County of Arlington VA GO, 5.00%, 08/15/29 (Call 08/15/28) | 125 | 143356 |
| County of Chesterfield VA GO, Series A, 5.00%, 01/01/29 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 01/01/28) (SAW) | 55 | 62357 |
| County of Fairfax VA GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/28 (SAW) | 105 | 121437 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/28 (Call 04/01/27) (SAW) | 250 | 279208 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/28 (Call 04/01/28) (SAW) | 160 | 182782 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2028 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)**  |

---

---

| | | |
|:---|:---|:---|
|  | *Par* |  |
| *Security* | *(000)* | *Value* |
| **Virginia (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/30 (Call 04/01/28) (SAW) | $205 | $233703 |
| County of Fairfax VA Sewer Revenue RB, 5.00%, 07/15/28 | 50 | 57501 |
| County of Loudoun VA GO, 5.00%, 12/01/28 (SAW) | 435 | 503918 |
| Fairfax County Industrial Development Authority RB, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;05/15/28 | 200 | 227426 |
| Hampton Roads Transportation Accountability Commission RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/52 (PR 01/01/28) | 1000 | 1137542 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/28 | 155 | 177158 |
| Virginia College Building Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/01/28 (Call 02/01/27) | 110 | 121624 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/28 (Call 09/01/26) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ST INTERCEPT) | 75 | 82268 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/28 (PR 09/01/26) (ST INTERCEPT) | 5 | 5472 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 02/01/28 | 135 | 153121 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series E, 5.00%, 02/01/29 (Call 02/01/28) | 545 | 618787 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series E, 5.00%, 02/01/30 (Call 02/01/28) | 240 | 272252 |
| Virginia Commonwealth Transportation Board RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/15/28 | 120 | 137292 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 03/15/32 (Call 09/15/28) | 85 | 97172 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/15/28 (Call 11/15/27) | 100 | 112677 |
| Virginia Public Building Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/01/28 | 135 | 155483 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/28 | 400 | 460691 |
| Virginia Public School Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 03/01/28 (SAW) | 45 | 51273 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/28 (Call 08/01/27) (SAW) | 215 | 241270 |
| Virginia Resources Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 11/01/28 | 95 | 109740 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/28 | 145 | 167498 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/30 (Call 11/01/28) | 150 | 173319 |
|  |  | 6692481 |
| **Washington — 5.1%** |  |  |
| Auburn School District No. 408 of King & Pierce Counties GO, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/28 (Call 12/01/27) (GTD) | 165 | 186183 |
| Central Puget Sound Regional Transit Authority RB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series S-1, 5.00%, 11/01/28 (Call 11/01/26) | 210 | 231120 |
| City of Everett WA Water & Sewer Revenue RB, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;12/01/28 (Call 12/01/26) | 100 | 109775 |
| City of Seattle WA Drainage & Wastewater Revenue RB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 07/01/28 (Call 07/01/27) | 195 | 209809 |
| City of Seattle WA GOL, 5.00%, 12/01/28 | 115 | 132946 |
| City of Seattle WA Municipal Light & Power Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/28 | 65 | 74292 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/01/28 | 125 | 142100 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 04/01/28 (Call 04/01/26) | 70 | 75869 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 4.00%, 10/01/28 (Call 10/01/26) | 65 | 69117 |
| City of Tacoma WA Electric System Revenue RB, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;01/01/28 (Call 01/01/27) | 30 | 33043 |
| Clark County School District No. 37 Vancouver GO, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;12/01/28 (GTD) | 145 | 167198 |
| County of King WA GOL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 07/01/28 (Call 07/01/27) | 80 | 86075 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 01/01/28 | 75 | 84791 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/28 | 120 | 137155 |
| County of King WA Sewer Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/30 (Call 07/01/28) | 100 | 113880 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/28 | 135 | 153929 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/29 (Call 07/01/28) | 445 | 508311 |
| County of Spokane WA GOL, Series B, 5.00%, 12/01/28 | 130 | 149979 |
| Energy Northwest RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/28 | 530 | 607223 |

---

---

| | | |
|:---|:---|:---|
|  | *Par* |  |
| *Security* | *(000)* | *Value* |
| **Washington (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/28 (Call 07/01/27) | $425 | $475177 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00%, 07/01/30 (Call 07/01/28) | 125 | 142692 |
| King & Snohomish Counties School District No. 417 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Northshore GO, 5.00%, 12/01/29 (Call 06/01/28) (GTD) | 170 | 193757 |
| King County School District No. 405 Bellevue GO, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;12/01/28 (Call 12/01/26) (GTD) | 185 | 204014 |
| King County School District No. 414 Lake Washington GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 12/01/28 (GTD) | 180 | 197238 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 12/01/28 (Call 06/01/26) (GTD) | 50 | 52646 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/28 (Call 06/01/27) | 150 | 167317 |
| Port of Seattle WA RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/01/28 (Call 05/01/27) | 100 | 110217 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/01/28 | 100 | 112748 |
| State of Washington COP, Series B, 5.00%, 07/01/30 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 07/01/28) | 230 | 260670 |
| State of Washington GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/28 | 100 | 114570 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/01/31 (Call 02/01/28) | 190 | 215105 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-A, 5.00%, 08/01/28 (Call 08/01/26) | 150 | 164098 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/28 (Call 08/01/26) | 125 | 136749 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 0.00%, 06/01/28 (NPFGC)<sup>(a)</sup> | 75 | 65198 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00%, 02/01/28 | 55 | 62438 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00%, 02/01/30 (Call 02/01/28) | 285 | 323154 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00%, 02/01/31 (Call 02/01/28) | 105 | 118874 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series R, 4.00%, 07/01/28 | 300 | 328451 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series R, 5.00%, 08/01/28 (Call 08/01/26) | 130 | 142219 |
| University of Washington RB, Series C, 5.00%, 04/01/28 | 295 | 335047 |
| Washington State University RB, 5.00%, 10/01/28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Call 04/01/26) | 145 | 156006 |
|  |  | 7351180 |
| **West Virginia — 0.8%** |  |  |
| State of West Virginia GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/28 | 90 | 104045 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/29 (Call 06/01/28) | 100 | 114245 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/30 (Call 06/01/28) | 125 | 142760 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/28 | 60 | 68616 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/01/31 (Call 06/01/28) | 235 | 267524 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00%, 12/01/32 (Call 06/01/28) | 180 | 204350 |
| West Virginia Commissioner of Highways RB, Series A, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;09/01/28 (Call 09/01/27) | 195 | 217254 |
| West Virginia State School Building Authority Lottery Revenue |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;RB, Series A, 5.00%, 07/01/30 (Call 07/01/28) | 75 | 85615 |
|  |  | 1204409 |
| **Wisconsin — 1.2%** |  |  |
| City of Madison WI GO, 4.00%, 10/01/28 | 100 | 109494 |
| Milwaukee Metropolitan Sewerage District GO, 4.00%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;10/01/28 | 75 | 81786 |
| State of Wisconsin GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 05/01/28 (Call 05/01/26) | 175 | 184453 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 05/01/28 (Call 05/01/27) | 130 | 138976 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/01/28 | 65 | 74372 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 11/01/28 (Call 05/01/27) | 50 | 55801 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/01/31 (Call 05/01/28) | 130 | 148015 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2, 5.00%, 11/01/28 (Call 05/01/26) | 125 | 136327 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 3, 5.00%, 11/01/28 (Call 05/01/27) | 310 | 345966 |
| State of Wisconsin RB, 5.00%, 05/01/28 (PR 05/01/27) | 300 | 334112 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2028 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)**  |

---

---

| | | |
|:---|:---|:---|
|  | *Par/* |  |
|  | *Shares* |  |
| *Security* | *(000)* | *Value* |
| **Wisconsin (continued)** |  |  |
| Wisconsin Department of Transportation RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/28 (Call 07/01/27) | $45 | $50502 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 1, 5.00%, 07/01/28 (Call 07/01/27) | 50 | 56114 |
|  |  | 1715918 |
| **Total Long-Term Investments — 98.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**(Cost: $144,443,773)** |  | 143229373 |
| **Short-Term Securities** |  |  |
| **Money Market Funds — 2.0%** |  |  |
| BlackRock Liquidity Funds: MuniCash, 1.39%<sup>(b)(c)</sup> | 2882 | 2882423 |
| **Total Short-Term Securities — 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $2,882,296)** |  | 2882423 |
| **Total Investments — 100.7%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $147,326,069)** |  | 146111796 |
| **Liabilities in Excess of Other Assets — (0.7)%** |  | (1054542) |
| **Net Assets — 100.0%** |  | $145057254 |

---

<sup>(a)</sup> Zero-coupon bond.

<sup>(b)</sup> Affiliate of the Fund.

<sup>(c)</sup> Annualized 7-day yield as of period end.

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at <br> 10/31/22* | *Purchases <br> at Cost* | *Proceeds <br> from Sale* | *Net Realized <br> Gain (Loss)* | *Change in <br> Unrealized <br> Appreciation <br> (Depreciation)* | *Value at <br> 01/31/23* | *Shares <br> Held at <br> 01/31/23 <br> (000)* | *Income* | *Capital Gain <br> Distributions from <br> Underlying Funds* |
| BlackRock Liquidity Funds: MuniCash | $160840 | $2721045 <sup>(a)</sup> | $– $| 411 | $127 | $2882423 | 2882 | $5385 | $— |

---

<sup>(a)</sup> Represents net amount purchased (sold).

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

● Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access;

● Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and

● Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund's financial instruments categorized in the fair value hierarchy. The breakdown of the Fund's financial instruments into major categories is disclosed in the Schedule of Investments above.

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2028 Term Muni Bond ETF** |
| January 31, 2023 |  |

---

**Fair Value Hierarchy as of Period End (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Municipal Debt Obligations | $— | $143229373 | $— | $143229373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-Term Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 2882423 |  |  | 2882423 |
|  | $2882423 | $143229373 | $— | $146111796 |

---

**Portfolio Abbreviation**

---

| | | | |
|:---|:---|:---|:---|
| AGM | Assured Guaranty Municipal Corp. | PR | Prerefunded |
| COP | Certificates of Participation | PSF | Permanent School Fund |
| GO | General Obligation | RB | Revenue Bond |
| GOL | General Obligation Limited | SAP | Subject to Appropriations |
| GTD | Guaranteed | SAW | State Aid Withholding |
| MO | Moral Obligation | ST | Special Tax |
| NPFGC | National Public Finance Guarantee Corp. |  |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** iShares Trust

- **b. Investment Company Act file number:** 811-09729

- **c. CIK number of Registrant:** 0001100663

- **d. LEI of Registrant:** 5493000860OXIC4B5K91

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

  - **Street Address 1:** 400 Howard Street

  - **City:** San Francisco

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

  - **Telephone number:** 800-474-2737

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

- **a. Name of Series:** iShares iBonds Dec 2028 Term Muni Bond ETF

- **b. EDGAR series identifier (if any):** S000065129

- **c. LEI of Series:** 54930024BSN1PVV1GP09

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $148909607.44

**Total Liabilities:** $5140381.03

**Net Assets:** $143769226.41

**Cash Not Reported:** $2338074.19

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 65114.39000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 10.88000000 | **1-Year:** 0.00000000 | **5-Year:** 85.25000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000210858 | 3.56%                | 0.60%                | 2.47%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $118.28                  | $3442187.70                                |
| Month 2  | $11.33                   | $449473.24                                 |
| Month 3  | $281.88                  | $3088887.14                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| State of Connecticut Special Tax Revenue                                   | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758XG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $141380.30    | 0.10%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation                              | FLORIDA ST DEPT OF TRANSN FING CORP REVENUE                  | CUSIP: 34160KAP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $377229.44    | 0.26%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA                                                       | FAIRFAX CNTY VA                                              | CUSIP: 30382AFM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $279207.75    | 0.19%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Parkway Transportation Corp                                          | GRAND PARKWAY TRANSPRTN CORP TX SYS TOLL REVENUE             | CUSIP: 38611TBF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $146505.89    | 0.10%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                        | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LT96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $96148.34     | 0.07%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                        | NEW YORK NY                                                  | CUSIP: 64966MPG8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    225000 | PA      | $253005.89    | 0.18%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Colorado                                                     | UNIV OF COLORADO CO ENTERPRISE REVENUE                       | CUSIP: 91417KX63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $107739.20    | 0.07%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | WASHINGTON ST                                                | CUSIP: 93974D2J6<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    190000 | PA      | $215105.04    | 0.15%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Department of Environmental Protection                             | FLORIDA ST DEPT ENVRNMNTL PROT PRESERVATION REVENUE          | CUSIP: 34160WA79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $256548.02    | 0.18%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                         | HOUSTON TX UTILITY SYS REVENUE                               | CUSIP: 44244CSQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $165560.88    | 0.12%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                      | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034AJQ4<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    140000 | PA      | $153139.18    | 0.11%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Municipal Bond Bank                                          | NEW HAMPSHIRE ST MUNI BOND BANK                              | CUSIP: 64465QBD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $390963.55    | 0.27%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                      | FORT BEND TX INDEP SCH DIST                                  | CUSIP: 346843PV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $310880.58    | 0.22%             | 2032-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                                       | MICHIGAN ST TRUNK LINE                                       | CUSIP: 5946953H9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $69580.47     | 0.05%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Commissioner of Highways                                     | W VIRGINIA ST COMMISSIONER OF HIGHWAYS SPL OBLG              | CUSIP: 95649ACN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $217253.56    | 0.15%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                         | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FVY7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    200000 | PA      | $221408.82    | 0.15%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                      | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650035U22<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    365000 | PA      | $394034.51    | 0.27%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Community College District                                          | AUSTIN TX CMNTY CLG DIST                                     | CUSIP: 052404MY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $167416.49    | 0.12%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northside Independent School District                                      | NORTHSIDE TX INDEP SCH DIST                                  | CUSIP: 66702RTK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $167237.85    | 0.12%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District                                             | NEBRASKA ST PUBLIC PWR DIST REVENUE                          | CUSIP: 63968AY74<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |    135000 | PA      | $151219.16    | 0.11%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Multnomah OR                                                     | MULTNOMAH CNTY OR                                            | CUSIP: 625506QH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $229463.90    | 0.16%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA                                                          | KING CNTY WA                                                 | CUSIP: 49474FVB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $137154.64    | 0.10%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                     | PHOENIX AZ CIVIC IMPT CORP WSTWTR SYS REVENUE                | CUSIP: 71883PKL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109210.75    | 0.08%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                    | MONTGOMERY CNTY MD                                           | CUSIP: 61334PAK9<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |    265000 | PA      | $306583.24    | 0.21%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | CALIFORNIA ST                                                | CUSIP: 13063DLD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $143085.74    | 0.10%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                 | STHRN CA PUBLIC PWR AUTH REVENUE                             | CUSIP: 84247PKY6<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    115000 | PA      | $132646.18    | 0.09%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                               | HONOLULU CITY & CNTY HI                                      | CUSIP: 438687GL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $206669.23    | 0.14%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                         | TENNESSEE ST                                                 | CUSIP: 880541YT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $85321.58     | 0.06%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                            | OREGON ST                                                    | CUSIP: 68609TUB2<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |     35000 | PA      | $40064.24     | 0.03%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue    | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971W7Q7<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    200000 | PA      | $225319.40    | 0.16%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District Sales Tax Revenue            | SAN FRANCISCO CA BAY AREA RAPID TRANSIT DIST SALES TAX REV   | CUSIP: 797669WU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53120.97     | 0.04%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                              | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140BY8<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    505000 | PA      | $569028.55    | 0.40%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                               | HONOLULU CITY & CNTY HI                                      | CUSIP: 438687BR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33658.06     | 0.02%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                               | NEW YORK ST ENVRNMNTL FACS CORP ST CLEAN WTR & DRINKING WTR  | CUSIP: 64986DJD8<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    335000 | PA      | $384535.58    | 0.27%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Puget Sound Regional Transit Authority                             | CENTRL PUGET SOUND WA REGL TRANSIT AUTH SALES TAX & MOTOR VE | CUSIP: 155048DA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $231120.16    | 0.16%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA Sewer Revenue                                            | KING CNTY WA SWR REVENUE                                     | CUSIP: 495290AV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $113879.98    | 0.08%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                   | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758VQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $137091.35    | 0.10%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Hampshire                                                     | NEW HAMPSHIRE ST                                             | CUSIP: 6446824U7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $74706.63     | 0.05%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Michigan                                                     | UNIV OF MICHIGAN MI                                          | CUSIP: 914455RR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $84951.32     | 0.06%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland ME                                                        | PORTLAND ME                                                  | CUSIP: 736560SX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $215792.96    | 0.15%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                               | PENNSYLVANIA ST                                              | CUSIP: 70914PH54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $381059.16    | 0.27%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                               | HONOLULU CITY & CNTY HI                                      | CUSIP: 438687UH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $115223.52    | 0.08%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                              | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854D33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $78329.74     | 0.05%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maine                                                             | MAINE ST                                                     | CUSIP: 56052AA89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $143290.29    | 0.10%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                              | OHIO ST                                                      | CUSIP: 677523AY8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     50000 | PA      | $56915.29     | 0.04%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Frisco Independent School District                                         | FRISCO TX INDEP SCH DIST                                     | CUSIP: 35880CZH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $342777.03    | 0.24%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Wastewater System Revenue              | E BAY CA MUNI UTILITY DIST WSTWTR SYS REVENUE                | CUSIP: 271012FX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $28123.59     | 0.02%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of West Virginia                                                     | WEST VIRGINIA ST                                             | CUSIP: 956553A50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $267524.38    | 0.19%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX Waterworks & Sewer System Revenue                        | DALLAS TX WTRWKS & SWR SYS REVENUE                           | CUSIP: 23542JFJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $168182.01    | 0.12%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                         | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990GJD5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    200000 | PA      | $229251.14    | 0.16%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Nebraska Facilities Corp/The                                 | UNIV OF NEBRASKA NE FACS CORP                                | CUSIP: 914639KH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $91734.71     | 0.06%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                            | OREGON ST                                                    | CUSIP: 68609TQN1<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    125000 | PA      | $142822.60    | 0.10%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                              | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WBT2<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    220000 | PA      | $191222.11    | 0.13%             | 2028-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                  | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780MA90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $228152.24    | 0.16%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue               | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE              | CUSIP: 544525YA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $264820.37    | 0.18%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                               | NEW YORK ST ENVRNMNTL FACS CORP ST CLEAN WTR & DRINKING WTR  | CUSIP: 64986DAM7<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    160000 | PA      | $174710.64    | 0.12%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue    | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XCJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112036.19    | 0.08%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                    | NORTH CAROLINA ST                                            | CUSIP: 6582563P5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $286697.58    | 0.20%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento Municipal Utility District                                      | SACRAMENTO CA MUNI UTILITY DIST ELEC REVENUE                 | CUSIP: 786005E79<br>LEI: E3GSVR6ZOU1MX2V7HF33 | Long             | DBT              | MUN               | US        |     20000 | PA      | $23110.95     | 0.02%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                           | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QSB3<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    135000 | PA      | $154753.51    | 0.11%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                 | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45203H2A9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     75000 | PA      | $86083.51     | 0.06%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King & Snohomish Counties School District No 417 Northshore                | KING & SNOHOMISH CNTYS WA SCHDIST #417 NORTHSHORE            | CUSIP: 494656T27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $193757.02    | 0.13%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                         | MINNESOTA ST                                                 | CUSIP: 60412APG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $377490.80    | 0.26%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                       | CONNECTICUT ST                                               | CUSIP: 20772KBS7<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    165000 | PA      | $187034.45    | 0.13%             | 2028-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Commerce Corp                                                 | RHODE ISLAND COMMERCE CORP REVENUE                           | CUSIP: 762232AN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $433789.32    | 0.30%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                             | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204H71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $151466.57    | 0.11%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                               | PRINCE GEORGES CNTY MD                                       | CUSIP: 7417014V5<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |    255000 | PA      | $277721.57    | 0.19%             | 2032-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                           | OHIO ST WTR DEV AUTH REVENUE                                 | CUSIP: 67765QDT0<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |     95000 | PA      | $104800.75    | 0.07%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Williamson TN                                                    | WILLIAMSON CNTY TN                                           | CUSIP: 969872YX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $314798.03    | 0.22%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | CALIFORNIA ST                                                | CUSIP: 13063DKB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $289426.55    | 0.20%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coast Community College District                                           | COAST CA CMNTY CLG DIST                                      | CUSIP: 190335DG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $397499.74    | 0.28%             | 2028-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Union High School District No 210-Phoenix                  | MARICOPA CNTY AZ HIGH SCH DIST #210 PHOENIX                  | CUSIP: 567505PQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $106088.73    | 0.07%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                        | NEW YORK NY                                                  | CUSIP: 64966MTY5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    100000 | PA      | $113006.32    | 0.08%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                       | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE  | CUSIP: 603827WT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110114.01    | 0.08%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                    | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WM68<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    160000 | PA      | $180877.33    | 0.13%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                               | CLARK CNTY NV SCH DIST                                       | CUSIP: 181059YH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $162976.93    | 0.11%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                        | COLUMBUS OH                                                  | CUSIP: 199492VZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $138191.50    | 0.10%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                         | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FMM3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    240000 | PA      | $276814.15    | 0.19%             | 2029-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                              | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854P48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $382893.95    | 0.27%             | 2031-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas A&M University                                                       | TEXAS ST A & M UNIV REVENUES                                 | CUSIP: 88213AKX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $195201.37    | 0.14%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada                                                            | NEVADA ST                                                    | CUSIP: 641462EX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $102015.79    | 0.07%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX                                                     | SAN ANTONIO TX                                               | CUSIP: 79623PCV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $154200.90    | 0.11%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                            | OREGON ST                                                    | CUSIP: 68609BSM0<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |     60000 | PA      | $65259.31     | 0.05%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                       | DIST OF COLUMBIA                                             | CUSIP: 25476FYD4<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     60000 | PA      | $68297.71     | 0.05%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                       | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GPY5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    570000 | PA      | $656925.97    | 0.46%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts State College Building Authority                             | MASSACHUSETTS ST CLG BLDG AUTH REVENUE                       | CUSIP: 575831DF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $175860.35    | 0.12%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue               | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE              | CUSIP: 544525TX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $141193.99    | 0.10%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                              | ATLANTA GA WTR & WSTWTR REVENUE                              | CUSIP: 047870NQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112611.59    | 0.08%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                              | ATLANTA GA WTR & WSTWTR REVENUE                              | CUSIP: 047870QZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $168917.39    | 0.12%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                   | SAN ANTONIO TX WTR REVENUE                                   | CUSIP: 79642GGF3<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |    220000 | PA      | $250168.18    | 0.17%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Council                                                       | MET COUNCIL MINNEAPOLIS-SAINT PAUL MN MET AREA               | CUSIP: 591852R83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $438868.16    | 0.31%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                          | MARYLAND ST                                                  | CUSIP: 574193NK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $111454.47    | 0.08%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Lottery Revenue                                           | FLORIDA ST BRD OF EDU LOTTERY REVENUE                        | CUSIP: 341507S36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $217057.20    | 0.15%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Connecticut                                                  | UNIV OF CONNECTICUT CT                                       | CUSIP: 914233P96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $185598.48    | 0.13%             | 2030-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE      | CUSIP: 64972HT93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $221791.28    | 0.15%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County Honolulu HI Wastewater System Revenue                        | HONOLULU CITY & CNTY HI WSTWTR SYS REVENUE                   | CUSIP: 438701U93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $68412.80     | 0.05%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Independent School District/TX                                 | SAN ANTONIO TX INDEP SCH DIST                                | CUSIP: 796269B31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $229257.66    | 0.16%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                         | CLARK CNTY NV                                                | CUSIP: 180848XU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $322865.65    | 0.22%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Transportation Accountability Commission                     | HAMPTON ROADS VA TRANSPRTN ACCOUNTABILITY COMMISSION REVENUE | CUSIP: 40934TAS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1137542.10   | 0.79%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                           | GEORGIA ST                                                   | CUSIP: 373385CP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $286759.15    | 0.20%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                          | CALIFORNIA ST DEPT OF WTR RESOURCES CENTRL VLY PROJ          | CUSIP: 13067WPX4<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |    100000 | PA      | $116739.66    | 0.08%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leander Independent School District                                        | LEANDER TX INDEP SCH DIST                                    | CUSIP: 521841WN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $205471.66    | 0.14%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Arlington VA                                                     | ARLINGTON CNTY VA                                            | CUSIP: 041431ST5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $143356.28    | 0.10%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State University at Raleigh                                 | NORTH CAROLINA ST UNIV AT RALEIGH                            | CUSIP: 658289G49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $85877.43     | 0.06%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cypress-Fairbanks Independent School District                              | CYPRESS-FAIRBANKS TX INDEP SCH DIST                          | CUSIP: 232769CH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $59496.12     | 0.04%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Drainage & Wastewater Revenue                           | SEATTLE WA DRAIN & WSTWTR REVENUE                            | CUSIP: 812631NQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $209808.65    | 0.15%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tennessee State School Bond Authority                                      | TENNESSEE ST SCH BOND AUTH                                   | CUSIP: 880558KD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $247745.50    | 0.17%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                   | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412HCM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $114646.65    | 0.08%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston Independent School District                                        | HOUSTON TX INDEP SCH DIST                                    | CUSIP: 442403NE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $193968.11    | 0.13%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Municipal Bond Bank                                                  | MAINE ST MUNI BOND BANK                                      | CUSIP: 56045RYU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $84242.58     | 0.06%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Rhode Island                                                      | RHODE ISLAND ST & PROVIDENCE PLANTATIONS                     | CUSIP: 76222RZB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $192193.57    | 0.13%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                     | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 5446466L1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $261698.62    | 0.18%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                              | OHIO ST SPL OBLG                                             | CUSIP: 67759HHY3<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    165000 | PA      | $181066.08    | 0.13%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                         | WISCONSIN ST                                                 | CUSIP: 97705MPG4<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    130000 | PA      | $138975.93    | 0.10%             | 2028-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA                                                         | SEATTLE WA                                                   | CUSIP: 812627KE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $132946.30    | 0.09%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lewisville TX                                                      | LEWISVILLE TX                                                | CUSIP: 528815EW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $367167.00    | 0.26%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Orange County Community College District/CA                          | N ORANGE CNTY CA CMNTY CLG DIST                              | CUSIP: 661334CL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $270308.75    | 0.19%             | 2028-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE      | CUSIP: 64972HF64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $91823.50     | 0.06%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County School Board                                           | HILLSBOROUGH CNTY FL SCH BRD COPS                            | CUSIP: 43232VTL5<br>LEI: 549300E7JND1K3JLOI29 | Long             | DBT              | MUN               | US        |    310000 | PA      | $333256.29    | 0.23%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                            | LAS VEGAS VLY NV WTR DIST                                    | CUSIP: 517845MD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $273816.12    | 0.19%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Lake City Corp                                                        | SALT LAKE CITY UT SALES TAX REVENUE                          | CUSIP: 79560QCU0<br>LEI: 549300CRGKV67DRSGT85 | Long             | DBT              | MUN               | US        |    265000 | PA      | $293088.99    | 0.20%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                      | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 7962535M0<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    105000 | PA      | $110677.89    | 0.08%             | 2028-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                              | MASSACHUSETTS ST                                             | CUSIP: 57582RTK2<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    185000 | PA      | $212465.51    | 0.15%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA                                                     | LOS ANGELES CA                                               | CUSIP: 544351NK1<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |     50000 | PA      | $57920.92     | 0.04%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| William S Hart Union High School District                                  | WILLIAM S HART CA UNION HIGH SCH DIST                        | CUSIP: 969275PR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $193080.87    | 0.13%             | 2028-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                  | INDIANA FIN AUTH IN WSTWTR UTIL REVENUE                      | CUSIP: 45505MEU6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109356.96    | 0.08%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                           | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224ZP7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    150000 | PA      | $165675.63    | 0.12%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Merion School District                                               | LOWER MERION PA SCH DIST                                     | CUSIP: 548246MX2<br>LEI: 549300HKI8OJC5YHIM72 | Long             | DBT              | MUN               | US        |     80000 | PA      | $87768.14     | 0.06%             | 2030-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                          | MARYLAND ST                                                  | CUSIP: 574193QD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $387755.48    | 0.27%             | 2029-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State University                                                | WASHINGTON ST UNIV                                           | CUSIP: 9400937Y7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $156005.88    | 0.11%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Transportation Infrastructure Bank                          | SOUTH CAROLINA ST TRANSPRTN INFRASTRUCTURE BANK REVENUE      | CUSIP: 837152VK0<br>LEI: 549300YI1NMCP4VLJN43 | Long             | DBT              | MUN               | US        |    195000 | PA      | $222946.78    | 0.16%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Francisco CA Public Utilities Commission Water Revenue         | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILITIES COMMISSION WTR | CUSIP: 79765RH51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $171834.10    | 0.12%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                    | LOS ANGELES CA DEPT WTR & PWR REVENUE                        | CUSIP: 5444954L5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    155000 | PA      | $176093.64    | 0.12%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                 | VIRGINIA ST CMWLTH TRANSPRTN BRD TRANSPRTN REVENUE           | CUSIP: 927793D63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112677.03    | 0.08%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District                                       | N TEXAS ST MUNI WTR DIST REGL WSTWTR REVENUE                 | CUSIP: 662835VT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $239773.23    | 0.17%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alpine School District/UT                                                  | ALPINE UT SCH DIST                                           | CUSIP: 021087WE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $249835.59    | 0.17%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                      | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650036BP0<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |     75000 | PA      | $85451.05     | 0.06%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northwest Independent School District                                      | NORTHWEST TX INDEP SCH DIST                                  | CUSIP: 6678258D8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $84986.28     | 0.06%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                 | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445MK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $28575.69     | 0.02%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                    | MONTGOMERY CNTY MD                                           | CUSIP: 61334PCT8<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |    115000 | PA      | $126586.48    | 0.09%             | 2028-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                        | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY  | CUSIP: 92778VFJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $272251.56    | 0.19%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue    | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XFL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $56973.31     | 0.04%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                  | INDIANA ST FIN AUTH HIGHWAY REVENUE                          | CUSIP: 45470RCW4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    170000 | PA      | $193861.18    | 0.13%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                       | BROWARD CNTY FL SCH DIST                                     | CUSIP: 115067HW3<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |     60000 | PA      | $68033.46     | 0.05%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                        | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068XBD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $28671.60     | 0.02%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                    | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                     | CUSIP: 544532GD0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     25000 | PA      | $28850.01     | 0.02%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Rutherford TN                                                    | RUTHERFORD CNTY TN                                           | CUSIP: 783244JV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $114099.75    | 0.08%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                        | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068L3V5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $114686.41    | 0.08%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Mesa AZ Utility System Revenue                                     | MESA AZ UTILITY SYS REVENUE                                  | CUSIP: 590545C64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $148139.07    | 0.10%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                        | HOWARD CNTY MD                                               | CUSIP: 44256PKN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $85408.46     | 0.06%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                                  | MICHIGAN ST UNIV REVENUES                                    | CUSIP: 594712UP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $164232.84    | 0.11%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Chester PA                                                       | CHESTER CNTY PA                                              | CUSIP: 165573G75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $111733.97    | 0.08%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Transportation Accountability Commission                     | HAMPTON ROADS VA TRANSPRTN ACCOUNTABILITY COMMISSION         | CUSIP: 409328AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $177158.07    | 0.12%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Unified School District                                         | LONG BEACH CA UNIF SCH DIST                                  | CUSIP: 542433RB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $192485.93    | 0.13%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                         | AUSTIN TX INDEP SCH DIST                                     | CUSIP: 052430PJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109011.17    | 0.08%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                           | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270CY90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $142692.21    | 0.10%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                  | OHIO ST TURNPIKE COMMISSION                                  | CUSIP: 67760HLP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $169804.01    | 0.12%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                   | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412HAQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $85946.69     | 0.06%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                  | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506DJ48<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    175000 | PA      | $198337.97    | 0.14%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                        | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068L2T1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $86758.23     | 0.06%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                         | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643MY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $75868.94     | 0.05%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                         | HOUSTON TX                                                   | CUSIP: 442331U44<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |    115000 | PA      | $127105.75    | 0.09%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                       | CONNECTICUT ST                                               | CUSIP: 20772KPJ2<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    115000 | PA      | $123660.49    | 0.09%             | 2028-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                        | COLUMBUS OH                                                  | CUSIP: 199492VY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $56971.05     | 0.04%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | CALIFORNIA ST                                                | CUSIP: 13063DSA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $255168.30    | 0.18%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Virginia Beach VA                                                  | VIRGINIA BEACH VA                                            | CUSIP: 927734H30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $210438.48    | 0.15%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                         | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FKK9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    125000 | PA      | $142223.18    | 0.10%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Department of Management Services                                  | FLORIDA ST DEPT OF MGMT SVCS COPS                            | CUSIP: 34160PEC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $188584.47    | 0.13%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                         | HOUSTON TX                                                   | CUSIP: 4423314Z4<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |    150000 | PA      | $169442.31    | 0.12%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                         | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643NM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $69116.54     | 0.05%             | 2028-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                 | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EKE7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    730000 | PA      | $787752.34    | 0.55%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas A&M University                                                       | TEXAS ST A & M UNIV REVENUES                                 | CUSIP: 88213AQT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $102969.34    | 0.07%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Rhode Island                                                      | RHODE ISLAND ST & PROVIDENCE PLANTATIONS                     | CUSIP: 76222RVS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $139874.54    | 0.10%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                          | DELAWARE ST TRANSPRTN AUTH TRANSPRTN SYS REVENUE             | CUSIP: 246428G83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $264146.31    | 0.18%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                    | MONTGOMERY CNTY MD                                           | CUSIP: 61334PBE2<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |    225000 | PA      | $260306.53    | 0.18%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                 | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TNY5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    205000 | PA      | $225394.24    | 0.16%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | CALIFORNIA ST                                                | CUSIP: 13063DHN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $760750.19    | 0.53%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                | LONG ISLAND NY PWR AUTH ELEC SYS REVENUE                     | CUSIP: 542691BL3<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |    175000 | PA      | $200387.72    | 0.14%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Nebraska Facilities Corp/The                                 | UNIV OF NEBRASKA NE FACS CORP                                | CUSIP: 914639KK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $170712.72    | 0.12%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA                                                       | FAIRFAX CNTY VA                                              | CUSIP: 30382AGG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $182782.37    | 0.13%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland State Transportation Authority                                    | MARYLAND ST TRANSPRTN AUTH TRANSPRTN FACS PROJ REVENUE       | CUSIP: 574300MW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $68643.25     | 0.05%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Shelby TN                                                        | SHELBY CNTY TN                                               | CUSIP: 821686U75<br>LEI: 5493000UVZ1EF2SIPO10 | Long             | DBT              | MUN               | US        |     45000 | PA      | $51203.12     | 0.04%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Chester Area School District/PA                                       | WEST CHESTER PA AREA SCH DIST                                | CUSIP: 9520306F6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $229360.04    | 0.16%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                  | MET GOVT NASHVILLE & DAVIDSON CNTY TN                        | CUSIP: 592112RA6<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    125000 | PA      | $132429.21    | 0.09%             | 2028-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                               | PENNSYLVANIA ST                                              | CUSIP: 70914PZT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $173011.81    | 0.12%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis TN Sanitary Sewerage System Revenue                        | MEMPHIS TN SANTN SWR SYS REVENUE                             | CUSIP: 586200SH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $253043.43    | 0.18%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Virginia Beach VA                                                  | VIRGINIA BEACH VA                                            | CUSIP: 927734R47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $115213.82    | 0.08%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                        | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE               | CUSIP: 9277818G2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $153120.79    | 0.11%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Washoe NV Gas Tax Revenue                                        | WASHOE CNTY NV HIGHWAY REVENUE                               | CUSIP: 940839CQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $219402.22    | 0.15%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Alabama                                                           | ALABAMA ST                                                   | CUSIP: 010411AW6<br>LEI: 549300TKZX0YNENZC895 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21045.94     | 0.01%             | 2028-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                         | MINNESOTA ST                                                 | CUSIP: 60412APD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $768522.50    | 0.53%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                             | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461362C4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    350000 | PA      | $377095.57    | 0.26%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                      | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252NU9<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    155000 | PA      | $175311.57    | 0.12%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                    | LOS ANGELES CA DEPT WTR & PWR REVENUE                        | CUSIP: 5444955S9<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    100000 | PA      | $115312.13    | 0.08%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District               | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE     | CUSIP: 79574CCN1<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |    380000 | PA      | $429880.51    | 0.30%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Temple Independent School District/TX                                      | TEMPLE TX INDEP SCH DIST                                     | CUSIP: 880081PM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $116328.26    | 0.08%             | 2028-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | ILLINOIS ST                                                  | CUSIP: 4521522N0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    200000 | PA      | $215156.30    | 0.15%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                      | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 6500356M5<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    100000 | PA      | $112216.98    | 0.08%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No 1                                  | DENVER CITY & CNTY CO SCH DIST #1                            | CUSIP: 249174YC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $297409.54    | 0.21%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Maui HI                                                          | MAUI CNTY HI                                                 | CUSIP: 5772856D6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $45881.18     | 0.03%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA                                                       | FAIRFAX CNTY VA                                              | CUSIP: 30382AGJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $233703.08    | 0.16%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Utah/The                                                     | UNIV OF UTAH UT REVENUES                                     | CUSIP: 915183YM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $167917.70    | 0.12%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North East Independent School District/TX                                  | NORTH EAST TX INDEP SCH DIST                                 | CUSIP: 659155MF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $85560.48     | 0.06%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE      | CUSIP: 64972HF80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $211361.19    | 0.15%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                              | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WSG2<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    305000 | PA      | $326974.40    | 0.23%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                           | NEW YORK ST THRUWAY AUTH                                     | CUSIP: 650009P80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $123650.03    | 0.09%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                    | NORTH CAROLINA ST LTD OBLIG                                  | CUSIP: 65829QCX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $363035.82    | 0.25%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Killeen Independent School District                                        | KILLEEN TX INDEP SCH DIST                                    | CUSIP: 494152UR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $435539.41    | 0.30%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                         | LOUISIANA ST                                                 | CUSIP: 546417BF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $286872.25    | 0.20%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                      | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 7962535V0<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    125000 | PA      | $136620.13    | 0.10%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                        | COLUMBUS OH                                                  | CUSIP: 199492SR1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |     50000 | PA      | $55431.43     | 0.04%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                       | DIST OF COLUMBIA                                             | CUSIP: 25476FWW4<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    170000 | PA      | $193363.53    | 0.13%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                     | IOWA ST FIN AUTH REVENUE                                     | CUSIP: 46246K4C3<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    100000 | PA      | $112127.34    | 0.08%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Madison WI                                                         | MADISON WI                                                   | CUSIP: 55844RVC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109493.68    | 0.08%             | 2028-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                      | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034AYU8<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    150000 | PA      | $171158.94    | 0.12%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | WASHINGTON ST                                                | CUSIP: 93974EQS8<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    100000 | PA      | $114570.48    | 0.08%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                              | MASSACHUSETTS ST                                             | CUSIP: 57582NXN0<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    350000 | PA      | $407233.86    | 0.28%             | 2028-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                           | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QEP7<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    150000 | PA      | $163784.97    | 0.11%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                         | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990GHJ4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    170000 | PA      | $192885.20    | 0.13%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                    | NORTH CAROLINA ST LTD OBLIG                                  | CUSIP: 65829QDK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $114311.52    | 0.08%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE      | CUSIP: 64972HF98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $205525.75    | 0.14%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Arizona Lottery Revenue                                           | ARIZONA ST LOTTERY REVENUE                                   | CUSIP: 040624BM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $171525.68    | 0.12%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                  | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780MXA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $91260.90     | 0.06%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Guilford NC                                                      | GUILFORD CNTY NC                                             | CUSIP: 401784G56<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |    100000 | PA      | $111832.89    | 0.08%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                    | MIAMI-DADE CNTY FL                                           | CUSIP: 59333FTP5<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |    105000 | PA      | $114129.48    | 0.08%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                            | OREGON ST                                                    | CUSIP: 68609TKF4<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    300000 | PA      | $343407.78    | 0.24%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                         | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AJT3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    225000 | PA      | $255899.81    | 0.18%             | 2029-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Community College District/CA                                  | LOS ANGELES CA CMNTY CLG DIST                                | CUSIP: 54438CXC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $45162.27     | 0.03%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                     | BALTIMORE CNTY MD                                            | CUSIP: 05914FQ37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $786250.31    | 0.55%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Milwaukee Metropolitan Sewerage District                                   | MILWAUKEE WI MET SEWERAGE DIST                               | CUSIP: 602409MH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $81786.14     | 0.06%             | 2028-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                  | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506D5M3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    245000 | PA      | $277637.45    | 0.19%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH Sales Tax Revenue                                    | FRANKLIN CNTY OH SALES TAX REVENUE                           | CUSIP: 353204AN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $157515.54    | 0.11%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                          | DELAWARE ST                                                  | CUSIP: 246381KU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $198933.47    | 0.14%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Public Facilities Authority                                      | MINNESOTA ST PUBLIC FACS AUTH REVOLVING FUND REVENUE         | CUSIP: 604115CK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $135481.21    | 0.09%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Highway Improvement Revenue                                | NEVADA ST HIGHWAY IMPT REVENUE                               | CUSIP: 641480JA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $114225.44    | 0.08%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                            | HAWAII ST                                                    | CUSIP: 419792WM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $321490.49    | 0.22%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                         | WISCONSIN ST                                                 | CUSIP: 97705MED3<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    125000 | PA      | $136326.58    | 0.09%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | ILLINOIS ST                                                  | CUSIP: 452153DH9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54029.72     | 0.04%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                         | WISCONSIN ST                                                 | CUSIP: 97705MMX0<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    175000 | PA      | $184453.40    | 0.13%             | 2028-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                              | MASSACHUSETTS ST                                             | CUSIP: 57582RYB6<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    275000 | PA      | $314650.85    | 0.22%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                       | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                  | CUSIP: 89602N7G3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    245000 | PA      | $282098.83    | 0.20%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                         | MINNESOTA ST                                                 | CUSIP: 60412ATF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $126320.04    | 0.09%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Riverside CA Sewer Revenue                                         | RIVERSIDE CA SWR REVENUE                                     | CUSIP: 769047JK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $143800.83    | 0.10%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                                   | PORTLAND OR SWR SYS REVENUE                                  | CUSIP: 736742ZG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $173815.04    | 0.12%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                  | MET GOVT NASHVILLE & DAVIDSON CNTY TN                        | CUSIP: 592112TJ5<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    130000 | PA      | $147468.26    | 0.10%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                       | CONNECTICUT ST                                               | CUSIP: 20772KDU0<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |     75000 | PA      | $85756.42     | 0.06%             | 2028-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                         | PITTSBURGH PA WTR & SWR AUTH                                 | CUSIP: 725304TW9<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |    115000 | PA      | $128229.76    | 0.09%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Guilford NC                                                      | GUILFORD CNTY NC                                             | CUSIP: 401784B69<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5423.25      | 0.00%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                        | NEW YORK NY                                                  | CUSIP: 64966L5Q0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    210000 | PA      | $225937.85    | 0.16%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Chesterfield VA                                                  | CHESTERFIELD CNTY VA                                         | CUSIP: 1663938D3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $62356.79     | 0.04%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                       | CONNECTICUT ST                                               | CUSIP: 20772KLS6<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107530.86    | 0.07%             | 2028-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                        | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY  | CUSIP: 92778VEB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $121624.18    | 0.08%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                          | CALIFORNIA ST DEPT OF WTR RESOURCES CENTRL VLY PROJ          | CUSIP: 13067WQA3<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |     70000 | PA      | $81408.97     | 0.06%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                          | CALIFORNIA ST DEPT OF WTR RESOURCES CENTRL VLY PROJ          | CUSIP: 13067WPY2<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |    125000 | PA      | $145866.08    | 0.10%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | CALIFORNIA ST                                                | CUSIP: 13063DH27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $376254.52    | 0.26%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                       | DIST OF COLUMBIA REVENUE                                     | CUSIP: 25483VWQ3<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    410000 | PA      | $470107.52    | 0.33%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District Sales Tax Revenue                         | REGL TRANSPRTN DIST CO SALES TAX REVENUE                     | CUSIP: 759136UU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $333809.72    | 0.23%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                    | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WV43<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    100000 | PA      | $114028.64    | 0.08%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Community College District                                      | LONG BEACH CA CMNTY CLG DIST                                 | CUSIP: 542411MA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $140501.65    | 0.10%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue               | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE        | CUSIP: 575579LH8<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |    250000 | PA      | $290299.33    | 0.20%             | 2028-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                          | WAKE CNTY NC                                                 | CUSIP: 930864DR1<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |    175000 | PA      | $199950.89    | 0.14%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                           | OHIO ST WTR DEV AUTH POLL CONTROL FACS REVENUE               | CUSIP: 677660UY6<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |    510000 | PA      | $590193.73    | 0.41%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                          | CALIFORNIA ST DEPT OF WTR RESOURCES CENTRL VLY PROJ          | CUSIP: 13067WQP0<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |    175000 | PA      | $204294.41    | 0.14%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Forsyth County School District                                             | FORSYTH CNTY GA SCH DIST                                     | CUSIP: 346604KF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $284230.43    | 0.20%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                       | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FWC4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    250000 | PA      | $277908.58    | 0.19%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                            | HAWAII ST                                                    | CUSIP: 419792WH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $299521.07    | 0.21%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                         | WISCONSIN ST                                                 | CUSIP: 97705MUY9<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    130000 | PA      | $148015.36    | 0.10%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                         | LOUISIANA ST GRANT ANTICIPATION REVENUE                      | CUSIP: 54641CAK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $452526.97    | 0.31%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                     | IOWA ST FIN AUTH REVENUE                                     | CUSIP: 46246K6A5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    200000 | PA      | $228337.24    | 0.16%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                               | NEW YORK ST ENVRNMNTL FACS CORP ST CLEAN WTR & DRINKING WTR  | CUSIP: 64986DHE8<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    125000 | PA      | $142651.08    | 0.10%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                    | NORTH CAROLINA ST LTD OBLIG                                  | CUSIP: 65829QDZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $177182.86    | 0.12%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                       | MISSISSIPPI ST                                               | CUSIP: 605581JL2<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |    305000 | PA      | $342833.36    | 0.24%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                        | NEW YORK NY                                                  | CUSIP: 64966MSW0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    310000 | PA      | $352499.88    | 0.25%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                           | VIRGINIA ST PUBLIC SCH AUTH SCH FING                         | CUSIP: 92818HGW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $241269.95    | 0.17%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                              | MASSACHUSETTS ST                                             | CUSIP: 57582RY91<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     40000 | PA      | $46276.72     | 0.03%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of West Virginia                                                     | WEST VIRGINIA ST                                             | CUSIP: 956553F22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $104044.93    | 0.07%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue    | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XDF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $175768.62    | 0.12%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                     | PHOENIX AZ CIVIC IMPT CORP WSTWTR SYS REVENUE                | CUSIP: 71883PKY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $239876.95    | 0.17%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cypress-Fairbanks Independent School District                              | CYPRESS-FAIRBANKS TX INDEP SCH DIST                          | CUSIP: 232769GA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $158855.54    | 0.11%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | CALIFORNIA ST                                                | CUSIP: 13063CD49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $159995.13    | 0.11%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                             | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204L84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $219698.10    | 0.15%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Council                                                       | MET COUNCIL MINNEAPOLIS-SAINT PAUL MN MET AREA               | CUSIP: 591852E87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $69585.93     | 0.05%             | 2028-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Central Valley Water Reclamation Facility                                  | CNTRL VLY WTR RECLAMATION FAC UT SWR REVENUE                 | CUSIP: 155796BB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $62411.39     | 0.04%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark Department of Aviation                                     | CLARK CNTY NV ARPT REVENUE                                   | CUSIP: 18085PRK2<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |    215000 | PA      | $245381.48    | 0.17%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No 414 Lake Washington                         | KING CNTY WA SCH DIST #414 LAKE WASHINGTON                   | CUSIP: 495260E56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52645.91     | 0.04%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Beaufort SC                                                      | BEAUFORT CNTY SC                                             | CUSIP: 074347G82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $132971.94    | 0.09%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                  | OHIO ST TURNPIKE COMMISSION                                  | CUSIP: 67760HLE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $238267.32    | 0.17%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Purdue University                                                          | PURDUE UNIV IN UNIV REVENUES                                 | CUSIP: 746189ZB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $143350.85    | 0.10%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Beverly Hills Unified School District CA                                   | BEVERLY HILLS CA UNIF SCH DIST                               | CUSIP: 088023HX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $30279.63     | 0.02%             | 2028-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                    | WASHINGTON MD SUBURBAN SAN DIST                              | CUSIP: 940157W48<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |    130000 | PA      | $149021.90    | 0.10%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue    | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XRP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $601902.50    | 0.42%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                            | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GZX5<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    180000 | PA      | $206714.79    | 0.14%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                              | MASSACHUSETTS ST                                             | CUSIP: 57582RSA5<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    395000 | PA      | $448054.98    | 0.31%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                        | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LC37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53093.98     | 0.04%             | 2028-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                         | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AHJ7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    310000 | PA      | $352573.08    | 0.25%             | 2029-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                              | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854G89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $335271.36    | 0.23%             | 2028-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                       | MISSISSIPPI ST                                               | CUSIP: 605581HR1<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |    160000 | PA      | $176438.70    | 0.12%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                          | WAKE CNTY NC LIMITED OBLIG                                   | CUSIP: 930876CS4<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |     75000 | PA      | $82880.20     | 0.06%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Hampshire                                                     | NEW HAMPSHIRE ST                                             | CUSIP: 6446826Z4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $46265.94     | 0.03%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                | OMAHA NE PUBLIC PWR DIST ELEC REVENUE                        | CUSIP: 682001EZ1<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |    185000 | PA      | $199877.07    | 0.14%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                               | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE            | CUSIP: 92818MWX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $173318.57    | 0.12%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Spokane WA                                                       | SPOKANE CNTY WA                                              | CUSIP: 8486443Q1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $149978.86    | 0.10%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery TN                                                    | MONTGOMERY CNTY TN                                           | CUSIP: 61366AHW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $79575.94     | 0.06%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                        | HOWARD CNTY MD                                               | CUSIP: 44256PTU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $132341.17    | 0.09%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                          | DELAWARE ST                                                  | CUSIP: 246381PL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $56801.92     | 0.04%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Jose Unified School District                                           | SAN JOSE CA UNIF SCH DIST SANTA CLARA CNTY                   | CUSIP: 798186VM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $147632.17    | 0.10%             | 2028-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Round Rock Independent School District                                     | ROUND ROCK TX INDEP SCH DIST                                 | CUSIP: 779240NQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $166026.86    | 0.12%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salem-Keizer School District No 24J                                        | SALEM-KEIZER OR SCH DIST #24J                                | CUSIP: 794173FU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $77128.43     | 0.05%             | 2028-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                  | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XDN3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    100000 | PA      | $112403.30    | 0.08%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maine                                                             | MAINE ST                                                     | CUSIP: 56052AC95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $263654.13    | 0.18%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Municipal Bond Bank                                                  | MAINE ST MUNI BOND BANK                                      | CUSIP: 56045RA66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $189445.74    | 0.13%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                            | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GYM0<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    125000 | PA      | $138025.30    | 0.10%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                    | NORTH CAROLINA ST GRANT ANTICIPATION REVENUE                 | CUSIP: 658268DZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $272340.62    | 0.19%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                         | UNIV OF TEXAS TX UNIV REVENUES                               | CUSIP: 91514AKA2<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    350000 | PA      | $401083.73    | 0.28%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico                                                        | NEW MEXICO ST                                                | CUSIP: 647293SL4<br>LEI: 549300H4YLM23QKOGK29 | Long             | DBT              | MUN               | US        |     25000 | PA      | $28433.29     | 0.02%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                 | VIRGINIA ST CMWLTH TRANSPRTN BRD                             | CUSIP: 927790JG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $97172.43     | 0.07%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                  | MET GOVT NASHVILLE & DAVIDSON CNTY TN                        | CUSIP: 592112TG1<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    220000 | PA      | $250415.70    | 0.17%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Poway Unified School District                                              | POWAY CA UNIF SCH DIST                                       | CUSIP: 738850QL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $104249.48    | 0.07%             | 2028-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                             | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204T37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $156468.65    | 0.11%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Health & Educational Facilities Authority                    | MASSACHUSETTS ST HLTH & EDUCTNL FACS AUTH REVENUE            | CUSIP: 57586CBM6<br>LEI: 549300MV50RWQFTX5223 | Long             | DBT              | MUN               | US        |    100000 | PA      | $116398.07    | 0.08%             | 2028-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                  | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B5N0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |     60000 | PA      | $66995.59     | 0.05%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Indianapolis Department of Public Utilities Water System Revenue   | INDIANAPOLIS IN WTR SYS REVENUE                              | CUSIP: 455412BJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $74167.21     | 0.05%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Alabama                                                           | ALABAMA ST                                                   | CUSIP: 010411CD6<br>LEI: 549300TKZX0YNENZC895 | Long             | DBT              | MUN               | US        |     70000 | PA      | $80541.99     | 0.06%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Provo UT                                                           | PROVO UT                                                     | CUSIP: 744142HR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $114537.90    | 0.08%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Merion School District                                               | LOWER MERION PA SCH DIST                                     | CUSIP: 548246MY0<br>LEI: 549300HKI8OJC5YHIM72 | Long             | DBT              | MUN               | US        |    230000 | PA      | $252094.56    | 0.18%             | 2031-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico Severance Tax Permanent Fund                           | NEW MEXICO ST SEVERANCE TAX                                  | CUSIP: 6473103S8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $262879.72    | 0.18%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                       | BALTIMORE MD                                                 | CUSIP: 059189WZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $51775.57     | 0.04%             | 2028-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Huntsville AL                                                      | HUNTSVILLE AL                                                | CUSIP: 447025K63<br>LEI: 549300FQXH802SS93031 | Long             | DBT              | MUN               | US        |     80000 | PA      | $90102.90     | 0.06%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                              | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854H62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $113116.44    | 0.08%             | 2031-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Washington                                                   | UNIV OF WASHINGTON WA UNIV REVENUES                          | CUSIP: 91523NUW4<br>LEI: T8YS5W0N70BYCTHPA429 | Long             | DBT              | MUN               | US        |    295000 | PA      | $335046.96    | 0.23%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                        | HARRIS CNTY TX                                               | CUSIP: 414005C63<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |    250000 | PA      | $287981.30    | 0.20%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                              | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854N32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $164821.41    | 0.11%             | 2028-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                       | DIST OF COLUMBIA                                             | CUSIP: 25476FUY2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    180000 | PA      | $201298.57    | 0.14%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia State School Building Authority Lottery Revenue              | WEST VIRGINIA ST SCH BLDG AUTH LOTTERY REVENUE               | CUSIP: 95667NEA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $85615.33     | 0.06%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                       | CONNECTICUT ST                                               | CUSIP: 20772KFW4<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    215000 | PA      | $243711.55    | 0.17%             | 2028-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spring Independent School District                                         | SPRING TX INDEP SCH DIST                                     | CUSIP: 8500007H7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $244683.33    | 0.17%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                      | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261APY7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    195000 | PA      | $207201.89    | 0.14%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                              | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 6461397G4<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    390000 | PA      | $438580.66    | 0.31%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coast Community College District                                           | COAST CA CMNTY CLG DIST                                      | CUSIP: 190335HQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $118309.89    | 0.08%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE      | CUSIP: 64972HY22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $628371.10    | 0.44%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                      | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252PE3<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    300000 | PA      | $339462.27    | 0.24%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                            | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                  | CUSIP: 45528USL6<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    175000 | PA      | $188947.73    | 0.13%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                       | CONNECTICUT ST                                               | CUSIP: 20772KDW6<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    240000 | PA      | $273397.70    | 0.19%             | 2030-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Utah/The                                                     | UNIV OF UTAH UT REVENUES                                     | CUSIP: 915183ZG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $173514.95    | 0.12%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Riverside CA Water Revenue                                         | RIVERSIDE CA WTR REVENUE                                     | CUSIP: 769076UT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $150275.88    | 0.10%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                        | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068L2Q7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $191376.22    | 0.13%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Nebraska Facilities Corp/The                                 | UNIV OF NEBRASKA NE FACS CORP                                | CUSIP: 914639KJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $113878.57    | 0.08%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee State School Bond Authority                                      | TENNESSEE ST SCH BOND AUTH                                   | CUSIP: 880558JH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $163286.81    | 0.11%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Kansas Department of Transportation                               | KANSAS ST DEPT OF TRANSPRTN HIGHWAY REVENUE                  | CUSIP: 485424SF3<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |    165000 | PA      | $184896.34    | 0.13%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                         | CLARK CNTY NV                                                | CUSIP: 180848YT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $257791.64    | 0.18%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alvin Independent School District/TX                                       | ALVIN TX INDEP SCH DIST                                      | CUSIP: 022447G59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $102388.53    | 0.07%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Iowa                                                              | IOWA ST SPL OBLG                                             | CUSIP: 46257TEF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32555.37     | 0.02%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR                                                        | PORTLAND OR REVENUE                                          | CUSIP: 736740TF8<br>LEI: 254900RPNQMJF9NBMF52 | Long             | DBT              | MUN               | US        |    170000 | PA      | $194747.33    | 0.14%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Massachusetts Building Authority                             | UNIV OF MASSACHUSETTS MA BLDG AUTH REVENUE                   | CUSIP: 914437TN8<br>LEI: 6ILE2573NPR1XO2TR556 | Long             | DBT              | MUN               | US        |    150000 | PA      | $170987.00    | 0.12%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                       | DIST OF COLUMBIA                                             | CUSIP: 25476FXF0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     70000 | PA      | $80946.31     | 0.06%             | 2028-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                  | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506DV85<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    330000 | PA      | $374295.27    | 0.26%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DEM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $110047.12    | 0.08%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                   | MIAMI-DADE CNTY FL AVIATION REVENUE                          | CUSIP: 59333PT24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $217855.12    | 0.15%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | WASHINGTON ST                                                | CUSIP: 93974EWP7<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    300000 | PA      | $328451.31    | 0.23%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Napa Valley Community College District                                     | NAPA VLY CA CMNTY CLG DIST                                   | CUSIP: 630360CS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $119942.00    | 0.08%             | 2028-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Highway Improvement Revenue                                | NEVADA ST HIGHWAY IMPT REVENUE                               | CUSIP: 641480JS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $181438.69    | 0.13%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                              | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 6461397F6<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    175000 | PA      | $196975.89    | 0.14%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                            | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GPK4<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    130000 | PA      | $145052.48    | 0.10%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                        | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LYV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27667.45     | 0.02%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Laredo Independent School District                                         | LAREDO TX INDEP SCH DIST                                     | CUSIP: 516840YG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $122590.41    | 0.09%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                          | MARYLAND ST                                                  | CUSIP: 574193QT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $321767.52    | 0.22%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Public Utilities Commission Wastewater Revenue | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILS COMMISSION WSTWTR  | CUSIP: 79768HEK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $148502.56    | 0.10%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                         | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AHL2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    310000 | PA      | $351214.41    | 0.24%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                       | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                  | CUSIP: 89602N5F7<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |     75000 | PA      | $81403.40     | 0.06%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Abilene Independent School District                                        | ABILENE TX INDEP SCH DIST                                    | CUSIP: 003464LK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $62071.30     | 0.04%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                              | MASSACHUSETTS ST                                             | CUSIP: 57582RJV9<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    205000 | PA      | $235434.75    | 0.16%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District Water System Revenue                  | N TEXAS ST MUNI WTR DIST WTR SYS REVENUE                     | CUSIP: 662903VU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $57351.47     | 0.04%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District Water System Revenue                  | N TEXAS ST MUNI WTR DIST WTR SYS REVENUE                     | CUSIP: 662903C43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $481752.35    | 0.34%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Colorado                                                     | UNIV OF COLORADO CO ENTERPRISE REVENUE                       | CUSIP: 91417KX55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $113464.54    | 0.08%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                         | WISCONSIN ST                                                 | CUSIP: 97705MSL0<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |     65000 | PA      | $74372.02     | 0.05%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                | OMAHA NE PUBLIC PWR DIST ELEC REVENUE                        | CUSIP: 682001GE6<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |    120000 | PA      | $136064.02    | 0.09%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX Toll Road Revenue                                      | HARRIS CNTY TX TOLL ROAD REVENUE                             | CUSIP: 41423PCJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $229415.52    | 0.16%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No 414 Lake Washington                         | KING CNTY WA SCH DIST #414 LAKE WASHINGTON                   | CUSIP: 495260M65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $197238.01    | 0.14%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Katy Independent School District                                           | KATY TX INDEP SCH DIST                                       | CUSIP: 486063YD6<br>LEI: 254900H9QSKVP2HWVL72 | Long             | DBT              | MUN               | US        |    125000 | PA      | $141121.70    | 0.10%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                              | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854P30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $97205.35     | 0.07%             | 2031-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                           | FLORIDA ST                                                   | CUSIP: 3411506B1<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    390000 | PA      | $419803.02    | 0.29%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | CALIFORNIA ST                                                | CUSIP: 13063DHM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $599774.40    | 0.42%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                        | AUSTIN TX WTR & WSTWTR SYS REVENUE                           | CUSIP: 052476T81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $192647.14    | 0.13%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                               | HONOLULU CITY & CNTY HI                                      | CUSIP: 438687HX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $273369.98    | 0.19%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                       | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593VK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $192915.97    | 0.13%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                          | DELAWARE ST                                                  | CUSIP: 246381MQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $141758.00    | 0.10%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX Waterworks & Sewer System Revenue                        | DALLAS TX WTRWKS & SWR SYS REVENUE                           | CUSIP: 23542JJT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $57121.12     | 0.04%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                         | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FPD0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    245000 | PA      | $278247.73    | 0.19%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC                                                       | CHARLOTTE NC                                                 | CUSIP: 161035HX1<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |    150000 | PA      | $172029.93    | 0.12%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                   | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758F99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $282154.59    | 0.20%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Electric Revenue | MET GOVT NASHVILLE & DAVIDSONCNTY TN ELEC REVENUE            | CUSIP: 592030G95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $122602.49    | 0.09%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                      | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034AYQ7<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |     80000 | PA      | $91771.32     | 0.06%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                          | MICHIGAN ST BLDG AUTH REVENUE                                | CUSIP: 594615HF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $385404.31    | 0.27%             | 2028-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                            | OREGON ST                                                    | CUSIP: 68609TLB2<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |     40000 | PA      | $45703.23     | 0.03%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                     | FREDERICK CNTY MD                                            | CUSIP: 35569PFY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $173221.73    | 0.12%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago                 | CHICAGO IL MET WTR RECLAMATION DIST GREATER CHICAGO          | CUSIP: 167560SX0<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |    150000 | PA      | $164201.69    | 0.11%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Storm Water Revenue                                   | CHARLOTTE NC STORM WTR FEE REVENUE                           | CUSIP: 16104PGK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $115962.25    | 0.08%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                      | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261APZ4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    290000 | PA      | $307860.17    | 0.21%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                          | CALIFORNIA ST DEPT OF WTR RESOURCES CENTRL VLY PROJ          | CUSIP: 13067WPZ9<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |    110000 | PA      | $128316.67    | 0.09%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No 1                                  | DENVER CITY & CNTY CO SCH DIST #1                            | CUSIP: 249174VG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $137895.73    | 0.10%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Monica-Malibu Unified School District                                | SANTA MONICA-MALIBU CA UNIF SCH DIST                         | CUSIP: 802498VE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $143624.10    | 0.10%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                       | CONNECTICUT ST                                               | CUSIP: 20772KDX4<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    205000 | PA      | $233003.02    | 0.16%             | 2031-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                  | ANNE ARUNDEL CNTY MD                                         | CUSIP: 03588HXT8<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |    175000 | PA      | $202092.01    | 0.14%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                          | MARYLAND ST                                                  | CUSIP: 574193RD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $598978.64    | 0.42%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA Sewer Revenue                                         | FAIRFAX CNTY VA SWR REVENUE                                  | CUSIP: 303867LP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $57500.87     | 0.04%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                           | GEORGIA ST                                                   | CUSIP: 373385GP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $258886.01    | 0.18%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                               | PRINCE GEORGES CNTY MD                                       | CUSIP: 7417014U7<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |    365000 | PA      | $418780.63    | 0.29%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Auburn School District No 408 of King & Pierce Counties                    | KING & PIERCE CNTY WA SCH DIST #408 AUBURN                   | CUSIP: 494619EJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $186183.33    | 0.13%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Water Commissioners City & County of Denver/The                   | DENVER CITY & CNTY CO BRD OF WTR COMMNRS MASTER RESOLUTION   | CUSIP: 24916TFA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30065.20     | 0.02%             | 2028-09-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| San Marcos Unified School District                                         | SAN MARCOS CA UNIF SCH DIST                                  | CUSIP: 798755BS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $69624.95     | 0.05%             | 2028-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Capitol Improvement Authority                                     | OKLAHOMA ST CAPITOL IMPT AUTH ST FACS REVENUE                | CUSIP: 679088HB3<br>LEI: 549300LYHYBINTZ5AY71 | Long             | DBT              | MUN               | US        |     25000 | PA      | $28328.02     | 0.02%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                        | NEW YORK NY                                                  | CUSIP: 64966MA90<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    195000 | PA      | $221104.53    | 0.15%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                           | OHIO ST WTR DEV AUTH REVENUE                                 | CUSIP: 67765QFY7<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |    275000 | PA      | $313025.19    | 0.22%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                        | NEW YORK NY                                                  | CUSIP: 64966MSX8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    310000 | PA      | $351499.51    | 0.24%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada                                                            | NEVADA ST                                                    | CUSIP: 641462EU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $45471.96     | 0.03%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                            | HAWAII ST                                                    | CUSIP: 419792WK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $124195.62    | 0.09%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue               | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE              | CUSIP: 544525YZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $184995.86    | 0.13%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County Honolulu HI Wastewater System Revenue                        | HONOLULU CITY & CNTY HI WSTWTR SYS REVENUE                   | CUSIP: 438701S47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $289062.85    | 0.20%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Missouri State Board of Public Buildings                                   | MISSOURI ST BRD OF PUBLIC BLDGS SPL OBLG                     | CUSIP: 606341ME2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $505784.27    | 0.35%             | 2028-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                    | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 2350367G9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $154922.58    | 0.11%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | CALIFORNIA ST                                                | CUSIP: 13063DKD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $358437.28    | 0.25%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                         | MET WTR DIST OF STHRN CA WTRWKS REVENUE                      | CUSIP: 59266TPU9<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |    115000 | PA      | $132595.09    | 0.09%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                    | MASSACHUSETTS ST WTR RESOURCES AUTH                          | CUSIP: 576051PD2<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |    120000 | PA      | $131522.02    | 0.09%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                        | NEW JERSEY ST                                                | CUSIP: 646039WR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $150145.61    | 0.10%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX Toll Road Revenue                                      | HARRIS CNTY TX TOLL ROAD REVENUE                             | CUSIP: 41423PAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $179965.92    | 0.13%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                          | PALM BEACH CNTY FL SCH BRD COPS                              | CUSIP: 696550J60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $170585.69    | 0.12%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of West Virginia                                                     | WEST VIRGINIA ST                                             | CUSIP: 956553A84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $204349.66    | 0.14%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Department of Transportation                                      | OKLAHOMA ST DEPT OF TRANSPRTN REVENUE                        | CUSIP: 67884NER6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $56704.69     | 0.04%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                   | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758WM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $54836.54     | 0.04%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                 | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TSY0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    120000 | PA      | $138092.76    | 0.10%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                     | PHOENIX AZ CIVIC IMPT CORP ARPT REVENUE                      | CUSIP: 71883MMM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $323384.71    | 0.22%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA                                                          | KING CNTY WA                                                 | CUSIP: 49474FSE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $86075.34     | 0.06%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                        | HOWARD CNTY MD                                               | CUSIP: 44256PTT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $299412.28    | 0.21%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                         | DALLAS TX INDEP SCH DIST                                     | CUSIP: 235308C92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $313023.26    | 0.22%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Everett WA Water & Sewer Revenue                                   | EVERETT WA WTR & SWR REVENUE                                 | CUSIP: 300060PG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109775.54    | 0.08%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Shelby TN                                                        | SHELBY CNTY TN                                               | CUSIP: 821686Z39<br>LEI: 5493000UVZ1EF2SIPO10 | Long             | DBT              | MUN               | US        |     40000 | PA      | $45513.88     | 0.03%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                         | WISCONSIN ST GEN FUND ANNUAL APPROP REVENUE                  | CUSIP: 977100GR1<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    300000 | PA      | $334111.83    | 0.23%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                           | OHIO ST WTR DEV AUTH POLL CONTROL FACS REVENUE               | CUSIP: 677660UX8<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |    420000 | PA      | $480770.89    | 0.33%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Utah                                                              | UTAH ST                                                      | CUSIP: 917542VW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $361765.59    | 0.25%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA Wastewater System Revenue                           | LOS ANGELES CA WSTWTR SYS REVENUE                            | CUSIP: 53945CJQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $161139.34    | 0.11%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                      | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261ANL7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    435000 | PA      | $469898.18    | 0.33%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Virginia                                                   | VIRGINIA ST                                                  | CUSIP: 928109X93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $280502.07    | 0.20%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DAM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16798.58     | 0.01%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                               | DIST OF COLUMBIA WTR & SWR AUTH PUBLIC UTILITY REVENUE       | CUSIP: 254845PR5<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |    100000 | PA      | $113422.58    | 0.08%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leander Independent School District                                        | LEANDER TX INDEP SCH DIST                                    | CUSIP: 521841UG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $214593.68    | 0.15%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | WASHINGTON ST                                                | CUSIP: 93974DZN1<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    125000 | PA      | $136748.68    | 0.10%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                               | NEW MEXICO ST FIN AUTH REVENUE                               | CUSIP: 64711N6R1<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |     70000 | PA      | $80009.31     | 0.06%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of South Carolina                                                    | SOUTH CAROLINA ST                                            | CUSIP: 83710RSG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $129883.68    | 0.09%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway Fund                         | TEXAS ST TRANSPRTN COMMISSIONST HIGHWAY FUND REVENUE         | CUSIP: 88283LKM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $247467.38    | 0.17%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                        | COLUMBUS OH                                                  | CUSIP: 199492YL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $74062.37     | 0.05%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HJK3<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |    520000 | PA      | $598922.69    | 0.42%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                        | NEW YORK NY                                                  | CUSIP: 64966MQ77<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    235000 | PA      | $269471.45    | 0.19%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE      | CUSIP: 64972HT85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $405342.44    | 0.28%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA                                                       | FAIRFAX CNTY VA                                              | CUSIP: 30382AHB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $121437.47    | 0.08%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                             | TEXAS ST                                                     | CUSIP: 882724KL0<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    225000 | PA      | $256582.49    | 0.18%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Unified School District No 80 Chandler                     | MARICOPA CNTY AZ UNIF SCH DIST #80 CHANDLER                  | CUSIP: 567389XE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $102865.98    | 0.07%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Jose Evergreen Community College District                              | SAN JOSE CA EVERGREEN CMNTY CLG DIST                         | CUSIP: 798189FP6<br>LEI: 5493006H31JIFYW6Z091 | Long             | DBT              | MUN               | US        |     50000 | PA      | $42930.49     | 0.03%             | 2028-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| University of Alabama/The                                                  | UNIV OF ALABAMA AL UNIV GEN REVENUE                          | CUSIP: 914026VN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $324960.82    | 0.23%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Aurora CO Water Revenue                                            | AURORA CO WTR REVENUE                                        | CUSIP: 051595BF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $60111.16     | 0.04%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                     | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 5446466P2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $164660.14    | 0.11%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                          | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182MN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $257051.54    | 0.18%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | WASHINGTON ST                                                | CUSIP: 93974DYD4<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    150000 | PA      | $164098.41    | 0.11%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                           | NEW YORK ST THRUWAY AUTH                                     | CUSIP: 650009P72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $258718.49    | 0.18%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hennepin MN                                                      | HENNEPIN CNTY MN                                             | CUSIP: 425507DG2<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |    200000 | PA      | $221176.58    | 0.15%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                           | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270CU52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $475177.07    | 0.33%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Des Moines IA                                                      | DES MOINES IA                                                | CUSIP: 25009XQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $210966.58    | 0.15%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Loudoun VA                                                       | LOUDOUN CNTY VA                                              | CUSIP: 54589TJG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $156388.29    | 0.11%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                         | WISCONSIN ST                                                 | CUSIP: 97705MKQ7<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    310000 | PA      | $345965.52    | 0.24%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Round Rock Independent School District                                     | ROUND ROCK TX INDEP SCH DIST                                 | CUSIP: 779240ND8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $251428.25    | 0.17%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                         | MINNESOTA ST                                                 | CUSIP: 60412ALD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112688.28    | 0.08%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                              | OHIO ST                                                      | CUSIP: 677522C51<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    100000 | PA      | $113029.15    | 0.08%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                               | CLARK CNTY NV SCH DIST                                       | CUSIP: 181059R65<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    145000 | PA      | $164781.89    | 0.11%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | WASHINGTON ST                                                | CUSIP: 93974D2H0<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    285000 | PA      | $323154.15    | 0.22%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                          | MARYLAND ST                                                  | CUSIP: 574193TB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $149578.59    | 0.10%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Arizona                                                           | ARIZONA ST COPS                                              | CUSIP: 040588H32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $230500.36    | 0.16%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                       | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                  | CUSIP: 89602NA87<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    210000 | PA      | $176984.66    | 0.12%             | 2028-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Mateo County Community College District                                | SAN MATEO CNTY CA CMNTY CLG DIST                             | CUSIP: 799038MN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $81049.21     | 0.06%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                     | WISCONSIN ST TRANSPRTN REVENUE                               | CUSIP: 977123U30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $50502.47     | 0.04%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                        | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227SC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $161136.12    | 0.11%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Governors of Colorado State University System                     | COLORADO ST BRD OF GOVERNORS UNIV ENTERPRISE SYS REVENUE     | CUSIP: 196707XF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $270270.67    | 0.19%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                               | DIST OF COLUMBIA WTR & SWR AUTH PUBLIC UTILITY REVENUE       | CUSIP: 254845NK2<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27793.96     | 0.02%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                 | VIRGINIA ST CMWLTH TRANSPRTN BRD TRANSPRTN REVENUE           | CUSIP: 927793P29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $137292.46    | 0.10%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                     | BALTIMORE CNTY MD                                            | CUSIP: 05914F7U8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $79794.21     | 0.06%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                              | OHIO ST                                                      | CUSIP: 677522ZP2<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    165000 | PA      | $189727.61    | 0.13%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA                                                          | KING CNTY WA                                                 | CUSIP: 49474FZL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $84790.82     | 0.06%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA Sewer Revenue                                            | KING CNTY WA SWR REVENUE                                     | CUSIP: 495290AU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $508310.68    | 0.35%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                  | MET GOVT NASHVILLE & DAVIDSON CNTY TN                        | CUSIP: 592112RM0<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    210000 | PA      | $229425.15    | 0.16%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                        | NEW YORK NY                                                  | CUSIP: 64966MJM2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    175000 | PA      | $194459.81    | 0.14%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                               | NEW YORK ST ENVRNMNTL FACS CORP ST CLEAN WTR & DRINKING WTR  | CUSIP: 64986DDK8<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    270000 | PA      | $302099.57    | 0.21%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                          | CALIFORNIA ST DEPT OF WTR RESOURCES CENTRL VLY PROJ          | CUSIP: 13067WCS9<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27448.01     | 0.02%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Council                                                       | MET COUNCIL MINNEAPOLIS-SAINT PAUL MN MET AREA               | CUSIP: 591852J58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $105706.22    | 0.07%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sedgwick County Unified School District No 266 Maize                       | SEDGWICK CNTY KS UNIF SCH DIST #266 MAIZE                    | CUSIP: 815670MZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53338.84     | 0.04%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Round Rock Independent School District                                     | ROUND ROCK TX INDEP SCH DIST                                 | CUSIP: 779240NE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $114113.07    | 0.08%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | ILLINOIS ST                                                  | CUSIP: 452152Q20<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    550000 | PA      | $589920.60    | 0.41%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Municipal Bond Bank                                                  | MAINE ST MUNI BOND BANK                                      | CUSIP: 56045RF38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $87376.54     | 0.06%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                               | DIST OF COLUMBIA WTR & SWR AUTH PUBLIC UTILITY REVENUE       | CUSIP: 254845PS3<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |     65000 | PA      | $73692.50     | 0.05%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                         | MET WTR DIST OF STHRN CA WTRWKS REVENUE                      | CUSIP: 59266TQZ7<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |     20000 | PA      | $23046.71     | 0.02%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Clara Valley Transportation Authority                                | SANTA CLARA VLY CA TRANSPRTN AUTH SALES TAX REVENUE          | CUSIP: 80168NHJ1<br>LEI: 549300R6Q7T4MD3V9H68 | Long             | DBT              | MUN               | US        |    125000 | PA      | $143903.48    | 0.10%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                              | TEXAS ST WTR DEV BRD                                         | CUSIP: 8828547M8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $234499.15    | 0.16%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Dakota Building Authority                                            | NORTH DAKOTA ST BLDG AUTH REVENUE                            | CUSIP: 658905EN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $115013.72    | 0.08%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX                                                          | AUSTIN TX                                                    | CUSIP: 052397PA8<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    290000 | PA      | $332967.10    | 0.23%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                         | MINNESOTA ST                                                 | CUSIP: 60412APY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $63283.25     | 0.04%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                         | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AJV8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    210000 | PA      | $237919.44    | 0.17%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newport Mesa Unified School District                                       | NEWPORT MESA CA UNIF SCH DIST                                | CUSIP: 652113UM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $479451.78    | 0.33%             | 2028-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                      | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 6500353R7<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    155000 | PA      | $171913.01    | 0.12%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                         | LOUISIANA ST                                                 | CUSIP: 5464152D1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $120183.51    | 0.08%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                       | DIST OF COLUMBIA                                             | CUSIP: 25476FVV7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    185000 | PA      | $212170.25    | 0.15%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico Severance Tax Permanent Fund                           | NEW MEXICO ST SEVERANCE TAX                                  | CUSIP: 6473102Z3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $120010.31    | 0.08%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton TN                                                      | HAMILTON CNTY TN                                             | CUSIP: 4073246P2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $114208.89    | 0.08%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway Fund                         | TEXAS ST TRANSPRTN COMMISSIONST HIGHWAY FUND REVENUE         | CUSIP: 88283LHA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $57447.18     | 0.04%             | 2028-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                              | OHIO ST                                                      | CUSIP: 677522L28<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    120000 | PA      | $136981.56    | 0.10%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                         | MINNESOTA ST                                                 | CUSIP: 60412ALZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $146494.76    | 0.10%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Knoxville TN                                                       | KNOXVILLE TN                                                 | CUSIP: 499731H83<br>LEI: 5493002KM0TCCHHCDT47 | Long             | DBT              | MUN               | US        |     85000 | PA      | $97255.72     | 0.07%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                               | HONOLULU CITY & CNTY HI                                      | CUSIP: 438687GN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $274942.51    | 0.19%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                          | MARYLAND ST                                                  | CUSIP: 574193QS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $316207.68    | 0.22%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aldine Independent School District                                         | ALDINE TX INDEP SCH DIST                                     | CUSIP: 014393XD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $99891.30     | 0.07%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | WASHINGTON ST                                                | CUSIP: 93974EUV6<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     55000 | PA      | $62438.38     | 0.04%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                         | UNIV OF TEXAS TX UNIV REVENUES                               | CUSIP: 91514AFM2<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    105000 | PA      | $114901.25    | 0.08%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                               | AMERICAN MUNI PWR-OHIO INC OH REVENUE                        | CUSIP: 02765UKA1<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    230000 | PA      | $247187.79    | 0.17%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                      | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 79625GAG8<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |     60000 | PA      | $67659.34     | 0.05%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | WASHINGTON ST COPS                                           | CUSIP: 939720YU6<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    230000 | PA      | $260669.83    | 0.18%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                                  | BlackRock Liquidity Funds: MuniCash, Institutional Shares    | CUSIP: 09248U841<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   2881847 | NS      | $2882423.04   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lone Star College System                                                   | LONE STAR TX CLG SYS                                         | CUSIP: 542264GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $75231.07     | 0.05%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                              | OHIO ST                                                      | CUSIP: 677522VN1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     75000 | PA      | $86311.85     | 0.06%             | 2028-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of El Paso TX                                                       | EL PASO CNTY TX                                              | CUSIP: 283497T96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $134248.72    | 0.09%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | WASHINGTON ST                                                | CUSIP: 93974AZG2<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     75000 | PA      | $65197.96     | 0.05%             | 2028-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Clean Water Fund - State Revolving Fund               | CONNECTICUT ST REVOLVING FUNDGEN REVENUE                     | CUSIP: 20775YDG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $111530.86    | 0.08%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                         | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990APK5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    670000 | PA      | $767877.02    | 0.53%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                       | MIAMI-DADE CNTY FL WTR & SWR REVENUE                         | CUSIP: 59334DKA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $408212.79    | 0.28%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                               | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE            | CUSIP: 92818MWV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $167498.10    | 0.12%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HDP8<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |     40000 | PA      | $43867.34     | 0.03%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                         | HOUSTON TX WTR & SWR SYS REVENUE                             | CUSIP: 4424366D8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $143824.64    | 0.10%             | 2028-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                    | MONTGOMERY CNTY MD                                           | CUSIP: 61334PAL7<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |    130000 | PA      | $150271.78    | 0.10%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada                                                            | NEVADA ST                                                    | CUSIP: 641462FN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $159438.78    | 0.11%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                        | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LN43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $270950.04    | 0.19%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                           | PENNSYLVANIA ST TURNPIKE COMMISSION REGISTRATION FEE REVENUE | CUSIP: 709222CW1<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    320000 | PA      | $368367.10    | 0.26%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                               | NEW MEXICO ST FIN AUTH REVENUE                               | CUSIP: 64711N8D0<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |    180000 | PA      | $205534.44    | 0.14%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                         | AUSTIN TX INDEP SCH DIST                                     | CUSIP: 052430QF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $240116.56    | 0.17%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                         | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643TA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $142099.89    | 0.10%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Clarksville TN Water Sewer & Gas Revenue                           | CLARKSVILLE TN WTR SWR & GAS REVENUE                         | CUSIP: 182618LK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108131.57    | 0.08%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Florida Expressway Authority                                       | CENTRL FL EXPRESSWAY AUTH SR LIEN REVENUE                    | CUSIP: 153476BH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $211287.08    | 0.15%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                 | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TTA1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    470000 | PA      | $539103.82    | 0.37%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation Turnpike System Revenue      | FLORIDA ST TURNPIKE AUTH TURNPIKE REVENUE                    | CUSIP: 343137EM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $85762.85     | 0.06%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Charleston SC                                                    | CHARLESTON CNTY SC                                           | CUSIP: 160069C73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $115633.14    | 0.08%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                              | OHIO ST CULTURAL & SPORTS CAPITAL FACS REVENUE               | CUSIP: 67755LFT1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    115000 | PA      | $130431.21    | 0.09%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | CALIFORNIA ST                                                | CUSIP: 13063CX21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $523015.80    | 0.36%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                      | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252KU2<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |     40000 | PA      | $43010.53     | 0.03%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pflugerville Independent School District                                   | PFLUGERVILLE TX INDEP SCH DIST                               | CUSIP: 7170956W8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112974.46    | 0.08%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                     | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 5446466K3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $221996.89    | 0.15%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Danbury CT                                                         | DANBURY CT                                                   | CUSIP: 235866CZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $48001.10     | 0.03%             | 2028-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                           | GEORGIA ST                                                   | CUSIP: 3733846X9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $287722.27    | 0.20%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HHG4<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |    290000 | PA      | $333582.85    | 0.23%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                          | PALM BEACH CNTY FL SCH BRD COPS                              | CUSIP: 696550F49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $221761.39    | 0.15%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton TN                                                      | HAMILTON CNTY TN                                             | CUSIP: 4073246N7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $211376.65    | 0.15%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                        | NEW YORK NY                                                  | CUSIP: 64966QMC1<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    210000 | PA      | $240804.27    | 0.17%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                       | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                  | CUSIP: 89602RCK9<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |     70000 | PA      | $80599.67     | 0.06%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Kansas City MO Sanitary Sewer System Revenue                       | KANSAS CITY MO SAN SWR SYSTEM REVENUE                        | CUSIP: 48507THA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $158656.43    | 0.11%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                           | GEORGIA ST                                                   | CUSIP: 373385EC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $338796.35    | 0.24%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue               | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE              | CUSIP: 544525XZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $109537.71    | 0.08%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Independent School District/TX                                 | SAN ANTONIO TX INDEP SCH DIST                                | CUSIP: 796269B64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $577825.55    | 0.40%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                    | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WW59<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    160000 | PA      | $183211.63    | 0.13%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                          | WAKE CNTY NC                                                 | CUSIP: 930864CY7<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |     15000 | PA      | $17138.65     | 0.01%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                           | OHIO ST WTR DEV AUTH REVENUE                                 | CUSIP: 67765QGQ3<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |    100000 | PA      | $114469.26    | 0.08%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue    | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XJY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $57875.24     | 0.04%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                         | AUSTIN TX INDEP SCH DIST                                     | CUSIP: 052430QC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $80072.88     | 0.06%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                            | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GUT9<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    135000 | PA      | $155036.09    | 0.11%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Utah                                                              | UTAH ST                                                      | CUSIP: 917542XC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $126330.84    | 0.09%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Loudoun VA                                                       | LOUDOUN CNTY VA                                              | CUSIP: 54589TMM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $347529.54    | 0.24%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Capital Grant Receipts Revenue                   | CHICAGO IL TRANSIT AUTH CAPITAL GRANT RECPTS REVENUE         | CUSIP: 167723HD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $71779.38     | 0.05%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                        | NEW JERSEY ST                                                | CUSIP: 646039YM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $1035272.24   | 0.72%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | CALIFORNIA ST                                                | CUSIP: 13063CV64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $38538.01     | 0.03%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue               | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE              | CUSIP: 544525WV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $68374.55     | 0.05%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Mateo County Community College District                                | SAN MATEO CNTY CA CMNTY CLG DIST                             | CUSIP: 799038GC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $122343.30    | 0.09%             | 2028-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                  | MET GOVT NASHVILLE & DAVIDSON CNTY TN                        | CUSIP: 592112TE6<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    180000 | PA      | $196108.63    | 0.14%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of King WA Sewer Revenue                                            | KING CNTY WA SWR REVENUE                                     | CUSIP: 495290AT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $153928.81    | 0.11%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO                                                 | DENVER CITY & CNTY CO                                        | CUSIP: 249164PE8<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |     75000 | PA      | $86295.34     | 0.06%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HEQ5<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |    100000 | PA      | $112677.78    | 0.08%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fairfield-Suisun Unified School District                                   | FAIRFIELD-SUISUN CA UNIF SCH DIST                            | CUSIP: 304747JB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108670.37    | 0.08%             | 2031-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                       | CONNECTICUT ST                                               | CUSIP: 20772KCL1<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    140000 | PA      | $159251.48    | 0.11%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Commerce Corp                                                 | RHODE ISLAND COMMERCE CORP REVENUE                           | CUSIP: 762232BP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $226040.42    | 0.16%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                | LONG ISLAND NY PWR AUTH ELEC SYS REVENUE                     | CUSIP: 542690CN0<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |    170000 | PA      | $145823.52    | 0.10%             | 2028-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                   | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758XH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $394723.67    | 0.27%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                           | GEORGIA ST                                                   | CUSIP: 373385CN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $80344.20     | 0.06%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue    | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XB72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $335676.39    | 0.23%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                       | DIST OF COLUMBIA                                             | CUSIP: 25476FRK6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109055.16    | 0.08%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                            | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GWY6<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    230000 | PA      | $264135.57    | 0.18%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                     | IOWA ST FIN AUTH REVENUE                                     | CUSIP: 46246K5Z1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    120000 | PA      | $136942.57    | 0.10%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                    | WASHINGTON SUBURBAN SAN DIST MD                              | CUSIP: 940158AG3<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |    200000 | PA      | $229264.46    | 0.16%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                  | INDIANA ST FIN AUTH HIGHWAY REVENUE                          | CUSIP: 45470RCV6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    115000 | PA      | $126997.87    | 0.09%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                    | MASSACHUSETTS ST WTR RESOURCES AUTH                          | CUSIP: 576049V98<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |    135000 | PA      | $157075.92    | 0.11%             | 2028-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX                                                     | SAN ANTONIO TX                                               | CUSIP: 7962375X9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $106175.10    | 0.07%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of West Virginia                                                     | WEST VIRGINIA ST                                             | CUSIP: 956553ZE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $114245.12    | 0.08%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                         | CLARK CNTY NV                                                | CUSIP: 180848WX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $278708.74    | 0.19%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                    | NORTH CAROLINA ST                                            | CUSIP: 6582563N0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $263779.23    | 0.18%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                              | OHIO ST                                                      | CUSIP: 677522KX1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    285000 | PA      | $309888.28    | 0.22%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                               | DIST OF COLUMBIA WTR & SWR AUTH PUBLIC UTILITY REVENUE       | CUSIP: 254845PU8<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |     60000 | PA      | $67711.08     | 0.05%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                          | DELAWARE ST                                                  | CUSIP: 246381GA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $14922.44     | 0.01%             | 2028-03-01      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                         | CLARK CNTY NV HIGHWAY IMPT REVENUE                           | CUSIP: 181000PG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $392430.36    | 0.27%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                        | NEW YORK NY                                                  | CUSIP: 64966QEZ9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    280000 | PA      | $322216.44    | 0.22%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                      | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034AZ52<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    200000 | PA      | $232121.90    | 0.16%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northside Independent School District                                      | NORTHSIDE TX INDEP SCH DIST                                  | CUSIP: 66702RVJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $283705.98    | 0.20%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Richardson Independent School District                                     | RICHARDSON TX INDEP SCH DIST                                 | CUSIP: 7632613K8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $226458.04    | 0.16%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                           | VIRGINIA ST PUBLIC SCH AUTH SPL OBLG PRINCE WM               | CUSIP: 92817THX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $51272.98     | 0.04%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                          | DELAWARE ST                                                  | CUSIP: 246381KT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $255608.64    | 0.18%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                              | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854N65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $131610.50    | 0.09%             | 2029-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No 405 Bellevue                                | KING CNTY WA SCH DIST #405 BELLEVUE                          | CUSIP: 495098YV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $204013.99    | 0.14%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Community College District                                       | SAN DIEGO CA CMNTY CLG DIST                                  | CUSIP: 797272PF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $122346.45    | 0.09%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of West Virginia                                                     | WEST VIRGINIA ST                                             | CUSIP: 956553ZB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $68616.46     | 0.05%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                     | WISCONSIN ST TRANSPRTN REVENUE                               | CUSIP: 977123Q68<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |     50000 | PA      | $56113.85     | 0.04%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Bond Bank                                                     | OREGON ST BOND BANK REVENUE                                  | CUSIP: 68607KE62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $96935.04     | 0.07%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                               | NEW YORK ST ENVRNMNTL FACS CORP ST CLEAN WTR & DRINKING WTR  | CUSIP: 64986DHH1<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |     75000 | PA      | $85453.19     | 0.06%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                              | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WZK5<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    170000 | PA      | $189089.59    | 0.13%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                         | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AJW6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    160000 | PA      | $180906.88    | 0.13%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                         | MET WTR DIST OF STHRN CA WTRWKS REVENUE                      | CUSIP: 59266TPC9<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |    460000 | PA      | $532082.78    | 0.37%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Indianapolis Department of Public Utilities Water System Revenue   | INDIANAPOLIS IN WTR SYS REVENUE                              | CUSIP: 455412BL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $306465.85    | 0.21%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | WASHINGTON ST                                                | CUSIP: 93974DXA1<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    130000 | PA      | $142218.62    | 0.10%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                       | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GSS5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     95000 | PA      | $108494.45    | 0.08%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Provo UT                                                           | PROVO UT                                                     | CUSIP: 744142HB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $169764.45    | 0.12%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                         | CLARK CNTY NV                                                | CUSIP: 180848H22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $74950.95     | 0.05%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Public School and College Authority                                | ALABAMA ST PUBLIC SCH & CLG AUTH                             | CUSIP: 010609FG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $595531.40    | 0.41%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Trinity River Authority Central Regional Wastewater System Revenue         | TRINITY RIVER TX AUTH REGL WSTWTR SYS REVENUE                | CUSIP: 89658HWC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $113283.59    | 0.08%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                             | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204K51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $86640.65     | 0.06%             | 2030-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue    | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XHG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $120205.69    | 0.08%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                     | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 5446467Q9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $193215.91    | 0.13%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DEN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $214112.19    | 0.15%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Bexar TX                                                         | BEXAR CNTY TX                                                | CUSIP: 088281K58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $113664.63    | 0.08%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                               | PRINCE GEORGES CNTY MD                                       | CUSIP: 7417016X9<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |    250000 | PA      | $288421.98    | 0.20%             | 2028-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | ILLINOIS ST                                                  | CUSIP: 452152G96<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106510.70    | 0.07%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Council                                                       | MET COUNCIL MINNEAPOLIS-SAINT PAUL MN MET AREA               | CUSIP: 591852V96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $115902.70    | 0.08%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                               | PRINCE GEORGES CNTY MD                                       | CUSIP: 7417016H4<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |    155000 | PA      | $177944.87    | 0.12%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                  | ANNE ARUNDEL CNTY MD                                         | CUSIP: 03588HZL3<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |    185000 | PA      | $213640.13    | 0.15%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tacoma WA Electric System Revenue                                  | TACOMA WA ELEC SYS REVENUE                                   | CUSIP: 873519PD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33043.03     | 0.02%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | CALIFORNIA ST                                                | CUSIP: 13063DSD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $461407.64    | 0.32%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                               | NEW MEXICO ST FIN AUTH ST TRANSPRTN REVENUE                  | CUSIP: 64711RMM5<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |    150000 | PA      | $170870.79    | 0.12%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                         | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FNR1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    170000 | PA      | $194924.60    | 0.14%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                      | FORT BEND TX INDEP SCH DIST                                  | CUSIP: 346843QJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $102732.44    | 0.07%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Governors of Colorado State University System                     | COLORADO ST BRD OF GOVERNORS UNIV ENTERPRISE SYS REVENUE     | CUSIP: 196707XE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $124257.69    | 0.09%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                         | MINNESOTA ST                                                 | CUSIP: 60412AA29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $86127.30     | 0.06%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                               | PENNSYLVANIA ST                                              | CUSIP: 70914PE40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $296146.13    | 0.21%             | 2028-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Worth TX Water & Sewer System Revenue                         | FORT WORTH TX WTR & SWR REVENUE                              | CUSIP: 349515L95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $311275.39    | 0.22%             | 2028-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                            | HAWAII ST                                                    | CUSIP: 419792MK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109837.22    | 0.08%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                         | VIRGINIA ST PUBLIC BLDG AUTH PUBLIC FACS REVENUE             | CUSIP: 9281723L7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $460690.64    | 0.32%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                     | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 5446466M9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $130772.17    | 0.09%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                               | CLARK CNTY NV SCH DIST                                       | CUSIP: 181059J31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $232967.49    | 0.16%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission Oil Franchise Tax Revenue                 | PENNSYLVANIA ST TURNPIKE COMMISSION OIL FRANCHISE TAX REVENU | CUSIP: 709221VT9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    125000 | PA      | $143840.93    | 0.10%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                           | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QPM2<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    220000 | PA      | $251521.38    | 0.17%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | WASHINGTON ST                                                | CUSIP: 93974D3K2<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    105000 | PA      | $118873.84    | 0.08%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                       | DIST OF COLUMBIA                                             | CUSIP: 25476FSS8<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     85000 | PA      | $93802.05     | 0.07%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District                              | SAN FRANCISCO CA BAY AREA RAPID TRANSIT DIST                 | CUSIP: 797661WD3<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |     50000 | PA      | $56406.89     | 0.04%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                          | DELAWARE ST                                                  | CUSIP: 246381ML8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $56889.28     | 0.04%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Highway Finance Corp                                               | ALABAMA ST HIGHWAY FIN CORP SPL OBLIG REVENUE                | CUSIP: 010573AH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $113668.50    | 0.08%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                         | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AEY7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     55000 | PA      | $60285.85     | 0.04%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District No 37 Vancouver                               | CLARK CNTY WA SCH DIST #37 VANCOUVER                         | CUSIP: 181144SZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $167198.28    | 0.12%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                        | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE PUBLIC HGR ED | CUSIP: 92778WMS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5471.86      | 0.00%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                       | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                  | CUSIP: 89602REK7<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    140000 | PA      | $161199.33    | 0.11%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | CALIFORNIA ST                                                | CUSIP: 13063DHP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $109437.47    | 0.08%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| E-470 Public Highway Authority                                             | E-470 CO PUBLIC HIGHWAY AUTH                                 | CUSIP: 26822LEN0<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |    180000 | PA      | $153564.43    | 0.11%             | 2028-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                           | GEORGIA ST                                                   | CUSIP: 373385CQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $234784.80    | 0.16%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District               | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE     | CUSIP: 79574CBT9<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |    210000 | PA      | $232131.19    | 0.16%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                         | CLARK CNTY NV                                                | CUSIP: 180848YU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $200309.92    | 0.14%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                         | TENNESSEE ST                                                 | CUSIP: 880541YQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $176379.51    | 0.12%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Monmouth NJ                                                      | MONMOUTH CNTY NJ                                             | CUSIP: 609561FQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112465.99    | 0.08%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No 414 Lake Washington                         | KING CNTY WA SCH DIST #414 LAKE WASHINGTON                   | CUSIP: 495260H46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $167316.56    | 0.12%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fairfax County Industrial Development Authority                            | FAIRFAX CNTY VA INDL DEV AUTH HLTH CARE REVENUE              | CUSIP: 30382VAG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $227425.62    | 0.16%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District               | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE     | CUSIP: 79574CCQ4<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |    130000 | PA      | $146905.99    | 0.10%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX                                                          | AUSTIN TX                                                    | CUSIP: 052397ZQ2<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    110000 | PA      | $126297.86    | 0.09%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utility Debt Securitization Authority                                      | UTILITY DEBT SECURITIZATION AUTH NY                          | CUSIP: 91802RCL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $180564.57    | 0.13%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                          | WAKE CNTY NC                                                 | CUSIP: 930864AN3<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |    105000 | PA      | $119568.54    | 0.08%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Facilities Inc                                          | LOS ANGELES CNTY CA FACS INC LEASE REVENUE                   | CUSIP: 54531FAJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $345153.75    | 0.24%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                       | MIAMI-DADE CNTY FL WTR & SWR REVENUE                         | CUSIP: 59334DKU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $114074.07    | 0.08%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                        | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY  | CUSIP: 92778VFH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $618787.17    | 0.43%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                         | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643UM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $74292.09     | 0.05%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                 | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EJK5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     35000 | PA      | $37696.96     | 0.03%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Water Finance Agency                                                  | UTAH ST WTR FIN AGY REVENUE                                  | CUSIP: 917572WM7<br>LEI: 5493008FZQW2WEDN4040 | Long             | DBT              | MUN               | US        |     80000 | PA      | $88716.56     | 0.06%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgetown Independent School District                                     | GEORGETOWN TX INDEP SCH DIST                                 | CUSIP: 373046WK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $120655.63    | 0.08%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Water Supply System Revenue                    | GREAT LAKES MI WTR AUTH WTR SPLY SYS REVENUE                 | CUSIP: 39081JAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $37934.56     | 0.03%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                     | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 5446467M8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $113844.56    | 0.08%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                           | OHIO ST WTR DEV AUTH REVENUE                                 | CUSIP: 67765QGR1<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |    100000 | PA      | $115724.26    | 0.08%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA Wastewater System Revenue                           | LOS ANGELES CA WSTWTR SYS REVENUE                            | CUSIP: 53945CJP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $172714.70    | 0.12%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077C4A9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $284416.44    | 0.20%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of West Virginia                                                     | WEST VIRGINIA ST                                             | CUSIP: 956553A43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $142759.76    | 0.10%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Transportation Infrastructure Bank                          | SOUTH CAROLINA ST TRANSPRTN INFRASTRUCTURE BANK REVENUE      | CUSIP: 837152VL8<br>LEI: 549300YI1NMCP4VLJN43 | Long             | DBT              | MUN               | US        |    155000 | PA      | $176633.69    | 0.12%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Department of Transportation                                 | MASSACHUSETTS ST TURNPIKE AUTH                               | CUSIP: 576018AK1<br>LEI: 549300CGDCL8XZK3KN03 | Long             | DBT              | MUN               | US        |     50000 | PA      | $43417.49     | 0.03%             | 2028-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                    | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WW83<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    270000 | PA      | $307376.72    | 0.21%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                           | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270C2H7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $607223.54    | 0.42%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Prairie Independent School District                                  | GRAND PRAIRIE TX INDEP SCH DIST                              | CUSIP: 386155FX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $87429.66     | 0.06%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Klein Independent School District                                          | KLEIN TX INDEP SCH DIST                                      | CUSIP: 498531JW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $212297.61    | 0.15%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                        | COLUMBUS OH                                                  | CUSIP: 199492WB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $534032.41    | 0.37%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University                                         | OREGON ST HLTH & SCIENCE UNIV REVENUE                        | CUSIP: 685869GF0<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |    135000 | PA      | $153707.22    | 0.11%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                         | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AHM0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    210000 | PA      | $237440.28    | 0.17%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | CALIFORNIA ST                                                | CUSIP: 13063DPG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $137362.31    | 0.10%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | ILLINOIS ST                                                  | CUSIP: 4521522L4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    155000 | PA      | $168305.99    | 0.12%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                          | WAKE CNTY NC LIMITED OBLIG                                   | CUSIP: 930876FA0<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |    295000 | PA      | $335056.10    | 0.23%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                       | CONNECTICUT ST                                               | CUSIP: 20772KRT8<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    100000 | PA      | $114341.89    | 0.08%             | 2028-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                         | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389YM4<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    100000 | PA      | $110216.60    | 0.08%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                             | WASHINGTON DC MET AREA TRANSIT AUTH GROSS REVENUE            | CUSIP: 938782FH7<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |    100000 | PA      | $111023.02    | 0.08%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | CALIFORNIA ST                                                | CUSIP: 13063DM47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $214175.65    | 0.15%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Kansas Department of Transportation                               | KANSAS ST DEPT OF TRANSPRTN HIGHWAY REVENUE                  | CUSIP: 485424RF4<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |     30000 | PA      | $33617.52     | 0.02%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | ILLINOIS ST                                                  | CUSIP: 452153AG4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    130000 | PA      | $140514.28    | 0.10%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                               | DIST OF COLUMBIA WTR & SWR AUTH PUBLIC UTILITY REVENUE       | CUSIP: 254845QK9<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |    150000 | PA      | $174265.97    | 0.12%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA Wastewater System Revenue                           | LOS ANGELES CA WSTWTR SYS REVENUE                            | CUSIP: 53945CJN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $92115.44     | 0.06%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                  | ANNE ARUNDEL CNTY MD                                         | CUSIP: 03588HUG9<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |    140000 | PA      | $158029.20    | 0.11%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                         | PHILADELPHIA PA WTR & WSTWTR REVENUE                         | CUSIP: 717893E64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $134214.14    | 0.09%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lewisville Independent School District                                     | LEWISVILLE TX INDEP SCH DIST                                 | CUSIP: 52882PDP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $426147.11    | 0.30%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                               | PENNSYLVANIA ST                                              | CUSIP: 70914PR53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $284313.28    | 0.20%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Alabama                                                           | ALABAMA ST                                                   | CUSIP: 010411CA2<br>LEI: 549300TKZX0YNENZC895 | Long             | DBT              | MUN               | US        |     60000 | PA      | $69215.70     | 0.05%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                         | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389L97<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    100000 | PA      | $112747.68    | 0.08%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County Sanitation District                                          | ORANGE CNTY CA SANTN DIST WSTWTR REVENUE                     | CUSIP: 68428TDJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $34194.74     | 0.02%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                              | ALABAMA FEDERAL AID HIGHWAY FIN AUTH SPL OBLIG REVENUE       | CUSIP: 010268BN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $101015.92    | 0.07%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                              | OHIO ST                                                      | CUSIP: 677522VB7<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    130000 | PA      | $149482.36    | 0.10%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                           | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QKP0<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    155000 | PA      | $173613.28    | 0.12%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County School Board                                                 | ORANGE CNTY FL SCH BRD COPS                                  | CUSIP: 684517SH9<br>LEI: 549300SEFJ368NVQXL34 | Long             | DBT              | MUN               | US        |    105000 | PA      | $119526.20    | 0.08%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | ILLINOIS ST                                                  | CUSIP: 452152X22<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    310000 | PA      | $333865.29    | 0.23%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                        | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE PUBLIC HGR ED | CUSIP: 92778WNB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $82267.68     | 0.06%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                             | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461364M0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     75000 | PA      | $83995.79     | 0.06%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                         | HOUSTON TX UTILITY SYS REVENUE                               | CUSIP: 44244CNG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $117582.82    | 0.08%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                        | HOWARD CNTY MD                                               | CUSIP: 44256PLF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $62632.87     | 0.04%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                        | NEW YORK NY                                                  | CUSIP: 64966MXR5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    110000 | PA      | $124725.63    | 0.09%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | CALIFORNIA ST                                                | CUSIP: 13063C8R4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $422535.34    | 0.29%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation                              | FLORIDA ST DEPT OF TRANSN FING CORP REVENUE                  | CUSIP: 34160KAN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $114584.23    | 0.08%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                  | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506DJ30<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    125000 | PA      | $141651.76    | 0.10%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                               | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE            | CUSIP: 92818PGP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $109740.13    | 0.08%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                               | PENNSYLVANIA ST                                              | CUSIP: 70914PK35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $1031780.54   | 0.72%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                         | VIRGINIA ST PUBLIC BLDG AUTH PUBLIC FACS REVENUE             | CUSIP: 9281726D2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $155483.09    | 0.11%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                    | WASHINGTON MD SUBURBAN SAN DIST                              | CUSIP: 940157W63<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |    295000 | PA      | $337747.39    | 0.23%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                      | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034ASB7<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    230000 | PA      | $257554.64    | 0.18%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                         | WISCONSIN ST                                                 | CUSIP: 97705MGS8<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |     50000 | PA      | $55800.89     | 0.04%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Portland Community College District                                        | PORTLAND OR CMNTY CLG DIST                                   | CUSIP: 736688KD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $141819.54    | 0.10%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                         | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FFV1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    340000 | PA      | $380683.14    | 0.26%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Provo UT                                                           | PROVO UT                                                     | CUSIP: 744142HP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $272458.39    | 0.19%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | CALIFORNIA ST                                                | CUSIP: 13063C4Q0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $428552.90    | 0.30%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-01

**Name of Applicant:** iShares Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer