# EDGAR Filing Document

**Accession Number:** 0000798737
**File Stem:** 0001410368-25-018043
**Filing Date:** 2025-10
**Character Count:** 597728
**Document Hash:** d373cf5a00d8b81c20be2013d8e3429b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-018043.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0001410368-25-018043

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AB MUNICIPAL INCOME FUND, INC.
- **CENTRAL INDEX KEY:** 0000798737

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04791
- **FILM NUMBER:** 251419655

**BUSINESS ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 2129691000

**MAIL ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANCEBERNSTEIN MUNICIPAL INCOME FUND INC
- **DATE OF NAME CHANGE:** 20030319

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANCE MUNICIPAL INCOME FUND INC/NY/
- **DATE OF NAME CHANGE:** 20010629

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANCE MUNICIPAL INCOME FUND INC/NY
- **DATE OF NAME CHANGE:** 20010629

## Series and Classes Contracts Data

### AB High Income Municipal Portfolio (Series ID: S000027380)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000082627 | Class A       | ABTHX           |
| C000082628 | Class C       | ABTFX           |
| C000082629 | Advisor Class | ABTYX           |
| C000206561 | Class Z       | ABTZX           |

## Nport-Ex

**AB Municipal Income Fund, Inc.** 

**AB High Income Municipal Portfolio** 

**Portfolio of Investments** 

**August 31, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **MUNICIPAL OBLIGATIONS – 111.6%** |  |  |
|  **Long-Term Municipal Bonds – 111.6%** |  |  |
|  **Alabama – 5.4%** |  |  |
|  Black Belt Energy Gas District<br> (BP PLC)<br>Series 2025-2<br>5.00%, 03/01/2055<sup>(a) (b)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10540537 |
|  Black Belt Energy Gas District<br> (Goldman Sachs Group)<br>Series 2023-2<br>5.43%, 06/01/2049<sup>(a) (b)</sup> | 10000 | 10200984 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.50%, 10/01/2054<sup>(a) (b)</sup> | 10000 | 10836603 |
|  Black Belt Energy Gas District<br> (Morgan Stanley)<br>Series 2022-2<br>5.73%, 02/01/2053<sup>(a) (b)</sup> | 10000 | 10318736 |
|  Black Belt Energy Gas District<br> (Pacific Life Insurance)<br>Series 2024-2<br>5.00%, 05/01/2055<sup>(a) (b)</sup> | 10000 | 10692222 |
|  Black Belt Energy Gas District<br> (Royal Bank of Canada)<br>Series 2023-2<br>5.25%, 12/01/2053<sup>(a) (b)</sup> | 10000 | 10790508 |
|  County of Jefferson AL Sewer Revenue<br> (County of Jefferson AL Sewer Revenue)<br>Series 2024<br>5.25%, 10/01/2049 | 10000 | 10029301 |
|  Energy Southeast A Cooperative District<br> (Morgan Stanley)<br>Series 2024-2<br>5.25%, 07/01/2054<sup>(a) (b)</sup> | 10000 | 10735776 |
|  Mobile County Industrial Development Authority<br> (ArcelorMittal SA)<br>Series 2024<br>4.75%, 12/01/2054 | 2545 | 2210255 |
|  Southeast Energy Authority A Cooperative District<br> (Deutsche Bank AG)<br>Series 2024-A<br>5.00%, 11/01/2035 | 7500 | 7756024 |
|  Southeast Energy Authority A Cooperative District<br> (Morgan Stanley)<br>Series 2022-2<br>6.00%, 01/01/2053<sup>(a) (b)</sup> | 10000 | 10479426 |
|  Southeast Energy Authority A Cooperative District<br> (Royal Bank of Canada)<br>Series 2023-2<br>5.00%, 01/01/2054<sup>(a) (b)</sup> | 10000 | 10584582 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2<br>5.00%, 01/01/2054<sup>(a) (b)</sup> | 9190 | 9727231 |
|  Southeast Energy Authority A Cooperative District<br> (Sumitomo Mitsui Financial Group)<br>Series 2023-2<br>5.25%, 01/01/2054<sup>(a) (b)</sup> | 20000 | 21096716 |
|  |  | 145998901 |

---

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---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **American Samoa – 0.3%** |  |  |
|  American Samoa Economic Development Authority<br> (Territory of American Samoa)<br>Series 2015-A<br>6.625%, 09/01/2035 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7095 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7106234 |
|  **Arizona – 2.7%** |  |  |
|  Arizona Industrial Development Authority<br> (AZIDA 2019-2)<br>Series 2019-2, Class A<br>3.625%, 05/20/2033 | 8964 | 8711574 |
|  Arizona Industrial Development Authority<br> (BASIS Schools Obligated Group)<br>Series 2017-D<br>5.00%, 07/01/2051<sup>(a)</sup> | 1885 | 1692775 |
|  Arizona Industrial Development Authority<br> (Benjamin Franklin Charter School Obligated Group)<br>Series 2023<br>5.00%, 07/01/2043<sup>(a)</sup> | 1000 | 927201 |
|  Arizona Industrial Development Authority<br> (Equitable School Revolving Fund Obligated Group)<br>Series 2021<br>4.00%, 11/01/2051<sup>(a)</sup> | 10000 | 7590453 |
|  Arizona Industrial Development Authority<br> (ISF Ativo Portfolio Obligated Group)<br>Series 2025<br>6.75%, 03/01/2065<sup>(a)</sup> | 3045 | 2838225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 03/01/2055<sup>(a)</sup> | 3955 | 3831426 |
|  Arizona Industrial Development Authority<br> (Legacy Cares, Inc.)<br>Series 2020<br>7.75%, 07/01/2050<sup>(c) (d) (e)</sup> | 10420 | 318852 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-A<br>5.50%, 07/01/2031<sup>(c) (d) (e)</sup> | 480 | 14688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 07/01/2051<sup>(c) (d) (e)</sup> | 3000 | 91800 |
|  Arizona Industrial Development Authority<br> (San Tan Valley AH I LLLP)<br>Series 2024-A<br>5.68%, 01/01/2043<sup>(a)</sup> | 8315 | 7636472 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B<br>5.68%, 01/01/2043<sup>(a)</sup> | 1775 | 1629438 |
|  Glendale Industrial Development Authority<br> (Beatitudes Campus Obligated Group)<br>Series 2017<br>5.00%, 11/15/2040 | 2865 | 2058635 |
|  Industrial Development Authority of the City of Phoenix Arizona (The)<br> (BASIS Schools Obligated Group)<br>Series 2015<br>5.00%, 07/01/2035<sup>(a)</sup> | 1000 | 1000261 |

---

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---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Industrial Development Authority of the City of Phoenix Arizona (The)<br> (GreatHearts Arizona Obligated Group)<br>Series 2014<br>5.00%, 07/01/2044 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10690 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10351630 |
|  Industrial Development Authority of the County of Pima (The)<br> (Edkey Obligated Group)<br>Series 2020<br>5.00%, 07/01/2040<sup>(c) (d) (e)</sup> | 5000 | 3500000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2055<sup>(c) (d) (e)</sup> | 1000 | 700000 |
|  Industrial Development Authority of the County of Pima (The)<br> (La Posada at Park Centre Obligated Group)<br>Series 2022<br>6.75%, 11/15/2042<sup>(a)</sup> | 3250 | 3402816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 11/15/2052<sup>(a)</sup> | 2000 | 2057898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 11/15/2057<sup>(a)</sup> | 1000 | 1033177 |
|  Maricopa County Industrial Development Authority<br> (Benjamin Franklin Charter School)<br>Series 2018<br>6.00%, 07/01/2038<sup>(a)</sup> | 2000 | 2040951 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-A<br>6.00%, 07/01/2052<sup>(a)</sup> | 4040 | 4043088 |
|  Maricopa County Industrial Development Authority<br> (Legacy Traditional School Obligated Group)<br>Series 2025<br>5.50%, 07/01/2060 | 1500 | 1421276 |
|  Maricopa County Industrial Development Authority<br> (Morrison Education Group Obligated Group)<br>Series 2024-A<br>6.625%, 07/01/2059<sup>(a)</sup> | 2000 | 1995631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 07/01/2063<sup>(a)</sup> | 2000 | 2005430 |
|  Maricopa County Industrial Development Authority<br> (Reid Traditional Schools Obligated Group)<br>Series 2016<br>5.00%, 07/01/2047 | 1375 | 1226725 |
|  Tempe Industrial Development Authority<br> (Mirabella at ASU, Inc.)<br>Series 2017-A<br>6.125%, 10/01/2047<sup>(a)</sup> | 1225 | 794435 |
|  |  | 72914857 |
|  **Arkansas – 0.7%** |  |  |
|  Arkansas Development Finance Authority<br> (Hybar LLC)<br>Series 2023<br>6.875%, 07/01/2048<sup>(a)</sup> | 2700 | 2856831 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>7.375%, 07/01/2048<sup>(a)</sup> | 13000 | 13994843 |
|  Arkansas Development Finance Authority<br> (United States Steel Corp.)<br>Series 2022<br>5.45%, 09/01/2052 | 2300 | 2229830 |
|  |  | 19081504 |

---

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---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **California – 13.8%** |  |  |
|  Align Affordable Housing Bond Fund LP<br> (Park Landing LP)<br>Series 2022-2<br>5.66%, 08/01/2052 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7300 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6566852 |
|  Align Affordable Housing Bond Fund LP<br> (SHI - Lake Worth LLC)<br>Series 2021<br>3.25%, 12/01/2051<sup>(a)</sup> | 15000 | 13065406 |
|  Align Capital Series Trust 2025-1<br> (Align Capital Series Trust 2025-1)<br>Series 2025-2<br>5.75%, 01/01/2052<sup>(a)</sup> | 3000 | 2989308 |
|  ARC70 II Trust<br> (ARC70 II TRUST)<br>Series 2021<br>4.00%, 12/01/2059 | 3000 | 2462021 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023 5.00%, 04/01/2065<sup>(e)</sup> | 22174 | 20999992 |
|  California Community Choice Financing Authority<br> (American General Life Insurance)<br>Series 2023-2<br>5.50%, 05/01/2054<sup>(a) (b)</sup> | 10000 | 10596652 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2<br>5.00%, 08/01/2055<sup>(a) (b)</sup> | 10000 | 10623721 |
|  California Community Choice Financing Authority<br> (Deutsche Bank AG)<br>Series 2023<br>5.25%, 01/01/2054 | 10000 | 10514067 |
|  California Community Choice Financing Authority<br> (Morgan Stanley)<br>Series 2023-2<br>4.68%, 07/01/2053<sup>(a) (b)</sup> | 10000 | 10042733 |
|  California Community Choice Financing Authority<br> (Pacific Life Insurance)<br>Series 2025-2<br>5.00%, 03/01/2056<sup>(a) (b)</sup> | 10000 | 10693455 |
|  California Community Housing Agency<br> (California Community Housing Agency Aster Apartments)<br>Series 2021-A<br>4.00%, 02/01/2056<sup>(a)</sup> | 5200 | 4118338 |
|  California Community Housing Agency<br> (California Community Housing Agency Brio Apartments & Next on Lex Apartments)<br>Series 2021<br>4.00%, 02/01/2056<sup>(a)</sup> | 13500 | 10377615 |
|  California Community Housing Agency<br> (California Community Housing Agency Fountains at Emerald Park)<br>Series 2021<br>3.00%, 08/01/2056<sup>(a)</sup> | 11070 | 7037405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 08/01/2046<sup>(a)</sup> | 3295 | 2674069 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  California Community Housing Agency<br> (California Community Housing Agency Summit at Sausalito Apartments)<br>Series 2021<br>3.00%, 02/01/2057<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3188938 |
|  California Community Housing Agency<br> (California Community Housing Agency Twin Creek Apartments)<br>Series 2022<br>Zero Coupon, 08/01/2065<sup>(a)</sup> | 32000 | 1077136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/01/2040<sup>(a)</sup> | 1000 | 854036 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-A<br>4.50%, 08/01/2052<sup>(a)</sup> | 6000 | 4449038 |
|  California County Tobacco Securitization Agency<br> (Los Angeles County Securitization)<br>Series 2020-B<br>Zero Coupon, 06/01/2055 | 22000 | 3856611 |
|  California Enterprise Development Authority<br> (Heights Christian Schools)<br>Series 2023<br>6.25%, 06/01/2053<sup>(a)</sup> | 960 | 877683 |
|  California Housing Finance Agency<br> (CAHFA 2019-2)<br>Series 2019-2, Class A<br>4.00%, 03/20/2033 | 4804 | 4869242 |
|  California Housing Finance Agency<br> (CAHFA 2021-1)<br>Series 2021-1, Class A<br>3.50%, 11/20/2035 | 4047 | 3816617 |
|  California Housing Finance Agency<br> (CAHFA 2021-2)<br>Series 2021-2, Class X<br>0.825%, 03/25/2035<sup>(f)</sup> | 15129 | 609371 |
|  California Housing Finance Agency<br> (CAHFA 2021-3)<br>Series 2021-3, Class A<br>3.25%, 08/20/2036 | 3761 | 3530329 |
|  California Infrastructure & Economic Development Bank<br> (Desertxpress Enterprises)<br>Series 2025<br>9.50%, 01/01/2065<sup>(a)</sup> | 14200 | 13049702 |
|  California Infrastructure & Economic Development Bank<br> (PIH Health Obligated Group)<br>Series 2024-A<br>5.00%, 12/01/2054<sup>(a)</sup> | 10000 | 9711805 |
|  California Infrastructure & Economic Development Bank<br> (WFCS Holdings II LLC)<br>Series 2021<br>Zero Coupon, 01/01/2061<sup>(a)</sup> | 980 | 67220 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-A1<br>5.00%, 01/01/2056<sup>(a)</sup> | 1990 | 1618837 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  California Municipal Finance Authority<br> (Azusa Pacific University)<br>Series 2015-B<br>5.00%, 04/01/2035 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1950520 |
|  California Municipal Finance Authority<br> (Goodwill Industries of Sacramento Valley & Northern Nevada)<br>Series 2012-A<br>6.625%, 01/01/2032<sup>(a)</sup> | 630 | 609747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 01/01/2042<sup>(a)</sup> | 3415 | 3155853 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014<br>5.00%, 01/01/2035 | 1050 | 890500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/01/2045 | 2025 | 1544773 |
|  California Municipal Finance Authority<br> (LAX Integrated Express Solutions)<br>Series 2018<br>5.00%, 12/31/2043 | 3000 | 2919770 |
|  California Municipal Finance Authority<br> (UTS Bioenergy LLC)<br>Series 2011-A1<br>7.50%, 12/01/2032<sup>(c) (d)</sup> | 3795 | 75900 |
|  California Pollution Control Financing Authority<br> (Channelside Water Resources)<br>Series 2012<br>5.00%, 11/21/2045<sup>(a)</sup> | 8595 | 8147375 |
|  California Public Finance Authority<br> (ISF Ativo Portfolio Obligated Group)<br>Series 2025<br>6.625%, 03/01/2065<sup>(a)</sup> | 3345 | 3162643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 03/01/2055<sup>(a)</sup> | 2385 | 2331334 |
|  California Public Finance Authority<br> (Kendal at Ventura)<br>Series 2023<br>10.00%, 05/15/2028<sup>(a)</sup> | 200 | 257587 |
|  California School Finance Authority<br> (ACE Charter Schools Obligated Group)<br>Series 2016<br>5.00%, 06/01/2052<sup>(a)</sup> | 3790 | 3179723 |
|  California School Finance Authority<br> (Alliance for College Ready Public Schools Obligated Group)<br>Series 2016-A<br>5.00%, 07/01/2046<sup>(a)</sup> | 3500 | 3402342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2051<sup>(a)</sup> | 1750 | 1662147 |
|  California School Finance Authority<br> (Bright Star Schools Obligated Group)<br>Series 2017<br>5.00%, 06/01/2054<sup>(a)</sup> | 1165 | 992535 |
|  California School Finance Authority<br> (Downtown College Prep Obligated Group)<br>Series 2016<br>5.00%, 06/01/2046<sup>(c) (d) (e)</sup> | 1000 | 600000 |
|  California Statewide Communities Development Authority<br> (NCCD-Hooper Street LLC)<br>Series 2019<br>5.25%, 07/01/2052<sup>(a)</sup> | 1000 | 934616 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  City of Los Angeles CA Wastewater System Revenue<br> (City of Los Angeles CA Wastewater System Revenue)<br>Series 2025-C<br>5.00%, 06/01/2042 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10671072 |
|  City of Los Angeles Department of Airports<br> (City of Los Angeles Dept. of Airports)<br>Series 2025-2<br>5.25%, 05/15/2043<sup>(a) (b)</sup> | 10000 | 10362369 |
|  CMFA Special Finance Agency<br> (CMFA Special Finance Agency Enclave)<br>Series 2022-A<br>4.00%, 08/01/2058<sup>(a)</sup> | 10000 | 7142558 |
|  CMFA Special Finance Agency<br> (CMFA Special Finance Agency Latitude33)<br>Series 2021-A<br>3.00%, 12/01/2056<sup>(a)</sup> | 3090 | 1910627 |
|  CMFA Special Finance Agency<br> (CMFA Special Finance Agency Solana at Grand)<br>Series 2021-A<br>4.00%, 08/01/2056<sup>(a)</sup> | 5000 | 4049240 |
|  CMFA Special Finance Agency VIII Elan Huntington Beach<br> (CMFA Special Finance Agency VIII Elan Huntington Beach)<br>Series 2021<br>3.00%, 08/01/2056<sup>(a)</sup> | 6800 | 4315585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 08/01/2047<sup>(a)</sup> | 2610 | 2253943 |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority 777 Place-Pomona)<br>Series 2021<br>3.25%, 05/01/2057<sup>(a)</sup> | 7500 | 4827758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/01/2057<sup>(a)</sup> | 10000 | 6670442 |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority 1818 Platinum Triangle-Anaheim)<br>Series 2021<br>3.25%, 04/01/2057<sup>(a)</sup> | 3275 | 2247175 |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority Acacia on Santa Rosa Creek)<br>Series 2021<br>4.00%, 10/01/2056<sup>(a)</sup> | 5000 | 3876480 |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority Altana Apartments)<br>Series 2021<br>4.00%, 10/01/2056<sup>(a)</sup> | 7500 | 5447415 |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority Millennium South Bay-Hawthorne)<br>Series 2021<br>3.25%, 07/01/2056<sup>(a)</sup> | 5800 | 3622614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/01/2058<sup>(a)</sup> | 7360 | 4037862 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority Oceanaire Apartments)<br>Series 2021<br>4.00%, 09/01/2056<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4927183 |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority Park Crossing Apartments)<br>Series 2021<br>3.25%, 12/01/2058<sup>(a)</sup> | 5500 | 3547689 |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority Pasadena Portfolio)<br>Series 2021<br>3.00%, 12/01/2056<sup>(a)</sup> | 2000 | 1330800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 12/01/2056<sup>(a)</sup> | 9600 | 6935552 |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority The Crescent)<br>Series 2022<br>4.30%, 07/01/2059<sup>(a)</sup> | 10000 | 7643093 |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority Theo Apartments)<br>Series 2021<br>4.00%, 05/01/2057<sup>(a)</sup> | 1000 | 665089 |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority Union South Bay)<br>Series 2021-A<br>3.10%, 07/01/2045<sup>(a)</sup> | 5000 | 3986178 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-A2 4.00%, 07/01/2056<sup>(a)</sup> | 10000 | 7674820 |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority Waterscape Apartments)<br>Series 2021-A<br>3.00%, 09/01/2056<sup>(a)</sup> | 2500 | 1601939 |
|  Golden State Tobacco Securitization Corp.<br> (Golden State Tobacco Securitization)<br>Series 2021-B<br>Zero Coupon, 06/01/2066 | 130105 | 12073627 |
|  Pleasanton Unified School District<br> (Pleasanton Unified School District)<br>Series 2025<br>4.25%, 08/01/2050 | 10980 | 10246526 |
|  San Francisco Intl Airport<br> (San Francisco Intl Airport)<br>Series 2025-2<br>5.00%, 05/01/2044<sup>(a) (b)</sup> | 10000 | 9997611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/01/2042<sup>(a) (b)</sup> | 10000 | 10322471 |
|  Southern California Logistics Airport Authority<br> (Southern California Logistics Airport Authority)<br>AG Series 2006<br>5.00%, 12/01/2036 | 3600 | 3613324 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Tobacco Securitization Authority of Northern California<br> (Sacramento County Tobacco Securitization)<br>Series 2021<br>Zero Coupon, 06/01/2060 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12950 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1855216 |
|  Tobacco Securitization Authority of Southern California<br> (San Diego County Tobacco Asset Securitization)<br>Series 2006<br>Zero Coupon, 06/01/2046 | 8680 | 1850800 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019<br>Zero Coupon, 06/01/2054 | 6520 | 1246177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/01/2039 | 680 | 687367 |
|  |  | 371796166 |
|  **Colorado – 3.1%** |  |  |
|  Aurora Highlands Community Authority Board<br> (Aurora Highlands Community Authority Board)<br>Series 2021-A<br>5.75%, 12/01/2051 | 10000 | 9058347 |
|  Broadway Station Metropolitan District No. 3<br> (Broadway Station Metropolitan District No. 3)<br>Series 2019<br>5.00%, 12/01/2039 | 749 | 628126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2049 | 1750 | 1284177 |
|  Centerra Metropolitan District No. 1<br> (Centerra Metropolitan District No. 1)<br>Series 2017<br>5.00%, 12/01/2037<sup>(a)</sup> | 5730 | 5729309 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022 6.50%, 12/01/2053 | 1000 | 1029951 |
|  Colorado Educational & Cultural Facilities Authority<br> (Lighthouse Building Corp.)<br>Series 2021<br>4.00%, 10/01/2061 | 1500 | 1077163 |
|  Colorado Educational & Cultural Facilities Authority<br> (STEAD School/The)<br>Series 2023-A<br>7.00%, 07/01/2034<sup>(e)</sup> | 4000 | 4041118 |
|  Colorado Educational & Cultural Facilities Authority<br> (STEM School Academy)<br>Series 2014<br>5.00%, 11/01/2044 | 890 | 822113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 11/01/2049 | 765 | 703385 |
|  Colorado Health Facilities Authority<br> (Aberdeen Ridge Obligated Group)<br>Series 2021-A<br>5.00%, 05/15/2044 | 2000 | 1507429 |
|  Colorado Health Facilities Authority<br> (Christian Living Neighborhoods Obligated Group)<br>Series 2021<br>4.00%, 01/01/2042 | 2750 | 2286758 |
|  Colorado Health Facilities Authority<br> (CommonSpirit Health Obligated Group)<br>Series 2019-A<br>4.00%, 08/01/2038 | 735 | 689445 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-2<br>5.25%, 11/01/2038<sup>(a) (b)</sup> | 2200 | 2324818 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 11/01/2039<sup>(a) (b)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2600 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2728204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 11/01/2052<sup>(a) (b)</sup> | 5000 | 4992686 |
|  Colorado Health Facilities Authority<br> (Frasier Meadows Manor Obligated Group)<br>Series 2023-2<br>4.00%, 05/15/2041 | 1175 | 1026652 |
|  Colorado Health Facilities Authority<br> (Sunny Vista Living Center)<br>Series 2015-A<br>6.125%, 12/01/2045<sup>(c) (d) (e)</sup> | 1750 | 1059727 |
|  Douglas County Housing Partnership<br> (Bridgewater Castle Rock ALF)<br>Series 2021<br>5.375%, 01/01/2041<sup>(c) (d) (e)</sup> | 10000 | 7500000 |
|  Johnstown Plaza Metropolitan District<br> (Johnstown Plaza Metropolitan District)<br>Series 2022<br>4.25%, 12/01/2046 | 9027 | 7472468 |
|  Longs Peak Metropolitan District<br> (Longs Peak Metropolitan District)<br>Series 2021<br>5.25%, 12/01/2051<sup>(a)</sup> | 2000 | 1834309 |
|  Meridian Ranch Metropolitan District 2018 Subdistrict<br> (Meridian Ranch Metropolitan District 2018 Subdistrict)<br>Series 2022<br>6.75%, 12/01/2052 | 1500 | 1474870 |
|  Platte River Metropolitan District<br> (Platte River Metropolitan District)<br>Series 2023-A<br>6.50%, 08/01/2053<sup>(a)</sup> | 661 | 652316 |
|  Plaza Metropolitan District No. 1<br> (Plaza Metropolitan District No. 1)<br>Series 2013<br>5.00%, 12/01/2040<sup>(a)</sup> | 1000 | 977492 |
|  Pueblo Urban Renewal Authority<br> (Pueblo Urban Renewal Authority)<br>Series 2021<br>4.75%, 12/01/2045<sup>(e)</sup> | 3810 | 3358127 |
|  Redtail Ridge Metropolitan District<br> (Redtail Ridge Metropolitan District)<br>Series 2025<br>Zero Coupon, 12/01/2032 | 4380 | 2646361 |
|  Riverwalk Metropolitan District No. 2<br> (Riverwalk Metropolitan District No. 2)<br>Series 2022-A<br>5.00%, 12/01/2042 | 3000 | 2573203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2052 | 1000 | 804575 |
|  Sagebrush Farm Metropolitan District No. 1<br> (Sagebrush Farm Metropolitan District No. 1)<br>Series 2022-A<br>6.75%, 12/01/2052 | 1500 | 1513805 |
|  Spring Hill Metropolitan District No. 3<br> (Spring Hill Metropolitan District No. 3)<br>Series 2022-A<br>6.75%, 12/01/2052<sup>(a)</sup> | 333 | 326619 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  St. Vrain Lakes Metropolitan District No. 4<br> (St. Vrain Lakes Metropolitan District No. 4)<br>Series 2024-A<br>0.00%, 09/20/2054<sup>(a) (g)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;677503 |
|  Sterling Ranch Community Authority Board<br> (Sterling Ranch Metropolitan District No. 3)<br>Series 2022<br>6.50%, 12/01/2042 | 2000 | 2064130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 12/01/2053 | 3000 | 3067635 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023<br>8.375%, 12/15/2054 | 1000 | 995766 |
|  Vail Home Partners Corp.<br> (Vail Home Partners Corp.)<br>Series 2025<br>6.00%, 10/01/2064<sup>(a)</sup> | 2000 | 1967315 |
|  Vauxmont Metropolitan District<br> (Vauxmont Metropolitan District)<br>AG Series 2019<br>3.25%, 12/15/2050 | 149 | 108500 |
| &nbsp;&nbsp;&nbsp;&nbsp; AG Series 2020<br> 5.00%, 12/01/2027 | 195 | 204620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2030 | 270 | 291347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2050 | 205 | 196395 |
|  Verve Metropolitan District No. 1<br> (Verve Metropolitan District No. 1)<br>Series 2023<br>6.50%, 12/01/2043 | 1000 | 1002635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 12/01/2052 | 1000 | 1001968 |
|  |  | 83701367 |
|  **Connecticut – 0.2%** |  |  |
|  Stamford Housing Authority<br> (TJH Senior Living Obligated Group)<br>Series 2025<br>4.75%, 10/01/2032 | 1100 | 1123255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 10/01/2060 | 1295 | 1223988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 10/01/2055 | 2125 | 2095784 |
|  Town of Hamden CT<br> (Whitney Center Obligated Group)<br>Series 2022-A<br>7.00%, 01/01/2053 | 1000 | 1032973 |
|  |  | 5476000 |
|  **Delaware – 0.3%** |  |  |
|  Affordable Housing Tax-Exempt Bond Pass-Thru Trust<br> (Affordable Housing Tax-Exempt Bond Pass-Thru Trust)<br>Series 2023-2<br>6.00%, 10/05/2040<sup>(a)</sup> | 7253 | 7119954 |
|  **District of Columbia – 1.5%** |  |  |
|  District of Columbia<br> (District of Columbia Union Market TIF Area)<br>Series 2024<br>0.00%, 06/01/2041<sup>(a) (g)</sup> | 1000 | 597700 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.00%, 06/01/2049<sup>(a) (g)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1600 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;930061 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A<br> 5.125%, 06/01/2034<sup>(a)</sup> | 2720 | 2733762 |
|  District of Columbia<br> (Rocketship DC Obligated Group)<br>Series 2019<br>5.00%, 06/01/2039<sup>(a)</sup> | 1425 | 1366638 |
|  District of Columbia Tobacco Settlement Financing Corp.<br> (District of Columbia Tobacco Settlement Financing)<br>Series 2006<br>Zero Coupon, 06/15/2055 | 140500 | 12084472 |
|  Metropolitan Washington Airports Authority Aviation Revenue<br> (Metropolitan Washington Airports Authority Aviation Revenue)<br>Series 2025-2<br>5.00%, 10/01/2037<sup>(a) (b)</sup> | 4500 | 4779781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2038<sup>(a) (b)</sup> | 5500 | 5762400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A<br>5.00%, 10/01/2050 | 1000 | 988265 |
|  Washington Metropolitan Area Transit Authority<br> (Washington Metropolitan Area Transit Authority State Lease)<br>Series 2024<br>5.00%, 07/15/2054 | 10000 | 10075856 |
|  |  | 39318935 |
|  **Florida – 6.0%** |  |  |
|  Alachua County Health Facilities Authority<br> (Oak Hammock at the University of Florida Obligated Group)<br>Series 2022<br>4.00%, 10/01/2040 | 2400 | 2129339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/01/2046 | 1750 | 1388565 |
|  Bexley Community Development District<br> (Bexley Community Development District)<br>Series 2016<br>4.875%, 05/01/2047 | 2050 | 1867682 |
|  Cape Coral Health Facilities Authority<br> (Gulf Care Obligated Group)<br>Series 2015<br>6.00%, 07/01/2050<sup>(a)</sup> | 1550 | 938268 |
|  Capital Projects Finance Authority/FL<br> (CAPFA Capital Corp. 2000F)<br>Series 2020-A<br>5.00%, 10/01/2028 | 1300 | 1366231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2032 | 1000 | 1052653 |
|  Capital Projects Finance Authority/FL<br> (IDEA Lakeland)<br>Series 2023<br>7.00%, 06/15/2030<sup>(a)</sup> | 3000 | 3104023 |

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---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Capital Projects Finance Authority/FL<br> (Imagine School At North Port)<br>Series 2025<br>6.75%, 06/15/2065<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1710 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1677272 |
|  Capital Projects Finance Authority/FL<br> (PRG - UnionWest Properties)<br>Series 2024<br>0.00%, 06/01/2062<sup>(a) (g)</sup> | 9125 | 1083472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/01/2049<sup>(a)</sup> | 1300 | 1200667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/01/2054<sup>(a)</sup> | 3525 | 3193146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/01/2039<sup>(a)</sup> | 1000 | 1015143 |
|  Capital Trust Agency, Inc.<br> (Aviva Senior Life)<br>Series 2017<br>5.00%, 07/01/2046<sup>(a)</sup> | 1500 | 1057421 |
|  Capital Trust Agency, Inc.<br> (Educational Growth Fund)<br>Series 2021<br>Zero Coupon, 07/01/2061<sup>(a)</sup> | 27000 | 1964026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 07/01/2031<sup>(a)</sup> | 840 | 804933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2056<sup>(a)</sup> | 7500 | 6241648 |
|  Capital Trust Agency, Inc.<br> (Southeastern University Obligated Group)<br>Series 2023<br>6.25%, 05/01/2048<sup>(a)</sup> | 1000 | 989094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 05/01/2053<sup>(a)</sup> | 1000 | 986548 |
|  Capital Trust Agency, Inc.<br> (Team Success A School of Excellence)<br>Series 2020<br>5.00%, 06/01/2045<sup>(a)</sup> | 1000 | 833825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/01/2055<sup>(a)</sup> | 2000 | 1545337 |
|  Capital Trust Authority<br> (IDEA Florida, Inc.)<br>Series 2023-A<br>6.375%, 06/15/2058<sup>(a)</sup> | 2000 | 2014035 |
|  City of Tampa FL<br> (State of Florida Cigarette Tax Revenue)<br>Series 2020-A<br>Zero Coupon, 09/01/2039 | 850 | 430743 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 09/01/2042 | 1000 | 411705 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 09/01/2049 | 1000 | 265082 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 09/01/2053 | 1400 | 291934 |
|  County of Lake FL<br> (Waterman Communities)<br>Series 2020<br>5.50%, 08/15/2040 | 3000 | 2887312 |
|  County of Lee FL Airport Revenue<br> (County of Lee FL Airport Revenue)<br>Series 2025-2<br>5.25%, 10/01/2054<sup>(a) (b)</sup> | 10200 | 10243817 |
|  County of Miami-Dade FL Aviation Revenue<br> (County of Miami-Dade FL Aviation Revenue)<br>Series 2024-2<br>5.00%, 10/01/2034<sup>(a) (b)</sup> | 4630 | 4966585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2035<sup>(a) (b)</sup> | 11470 | 12489772 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2<br>5.50%, 10/01/2055<sup>(a) (b)</sup> | 10000 | 10258187 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  County of Osceola FL Transportation Revenue<br> (County of Osceola FL Transportation Revenue)<br>Series 2020-A<br>Zero Coupon, 10/01/2035 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 10/01/2036 | 410 | 241185 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 10/01/2037 | 230 | 127475 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 10/01/2038 | 315 | 163675 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 10/01/2039 | 390 | 190469 |
|  County of Palm Beach FL<br> (Palm Beach Atlantic University)<br>Series 2025<br>5.50%, 10/01/2045<sup>(a)</sup> | 1000 | 1001638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 10/01/2055<sup>(a)</sup> | 2305 | 2325326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 10/01/2065<sup>(a)</sup> | 2280 | 2282735 |
|  County of Palm Beach FL<br> (Provident Group - LU Properties II)<br>Series 2024<br>8.50%, 06/01/2033 | 150 | 153252 |
|  County of Palm Beach FL<br> (Provident Group - LU Properties)<br>Series 2024<br>6.00%, 06/01/2044 | 1000 | 947748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 06/01/2054 | 1000 | 925731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 06/01/2059 | 1000 | 933249 |
|  County of Palm Beach FL<br> (Provident Group-PBAU Properties)<br>Series 2019<br>5.00%, 04/01/2039<sup>(a)</sup> | 1000 | 973275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/01/2051<sup>(a)</sup> | 1970 | 1758644 |
|  Escambia County Housing Finance Authority<br> (4900 S. Rio Grande Ave)<br>Series 2023-A<br>6.88%, 11/01/2053<sup>(a)</sup> | 1000 | 1026729 |
|  Florida Development Finance Corp.<br> (Assistance Unlimited)<br>Series 2022<br>6.00%, 08/15/2057<sup>(a)</sup> | 3900 | 3476549 |
|  Florida Development Finance Corp.<br> (Drs Kiran & Pallavi Patel 2017 Foundation for Global Understanding)<br>Series 2021<br>3.00%, 07/01/2031<sup>(a)</sup> | 895 | 854737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/01/2051<sup>(a)</sup> | 1950 | 1488653 |
|  Florida Development Finance Corp.<br> (GFL Solid Waste Southeast)<br>Series 2024<br>4.375%, 10/01/2054<sup>(a)</sup> | 5000 | 4970946 |
|  Florida Development Finance Corp.<br> (Parrish Charter Academy)<br>Series 2023<br>6.25%, 04/23/2058<sup>(a)</sup> | 2365 | 2323382 |
|  Florida Development Finance Corp.<br> (Seaside School Consortium)<br>Series 2022<br>6.00%, 06/15/2057 | 2000 | 2028212 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Florida Development Finance Corp.<br> (SFP - Tampa I LLC)<br>Series 2024<br>5.00%, 06/01/2044<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;932517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/01/2054<sup>(a)</sup> | 1050 | 962695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/01/2059<sup>(a)</sup> | 1000 | 904754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 06/01/2059<sup>(a)</sup> | 1200 | 1144317 |
|  Florida Higher Educational Facilities Financing Authority<br> (Ringling College of Art & Design)<br>Series 2019<br>5.00%, 03/01/2044 | 795 | 751297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/01/2049 | 3375 | 3097714 |
|  Florida Housing Finance Corp.<br> (Bayside Breeze Redevelopment LLLP)<br>Series 2025<br>3.625%, 08/01/2029 | 1200 | 1205279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.19%, 08/01/2055 | 1520 | 1502347 |
|  Florida Local Government Finance Commission<br> (BridgePrep Academy Series 2025 Obligated Group)<br>Series 2025<br>6.125%, 06/15/2065<sup>(a)</sup> | 3685 | 3554329 |
|  Florida Local Government Finance Commission<br> (Ponte Vedra Pine Obligated Group)<br>Series 2025<br>4.20%, 11/15/2030<sup>(a) (h)</sup> | 1000 | 1004323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 11/15/2064<sup>(a) (h)</sup> | 1305 | 1312387 |
|  Hillsborough County Aviation Authority<br> (Hillsborough County Aviation Authority)<br>Series 2025-2<br>0.055%, 10/01/2054<sup>(a) (b)</sup> | 10000 | 10324485 |
|  Lee County Industrial Development Authority/FL<br> (Cypress Cove at Healthpark Florida Obligated Group)<br>Series 2022<br>5.25%, 10/01/2057 | 3000 | 2502166 |
|  Lee County Industrial Development Authority/FL<br> (Shell Point Obligated Group)<br>Series 2024<br>5.25%, 11/15/2054 | 1000 | 961396 |
|  Miami-Dade County Housing Finance Authority<br> (Wynwood Works LLC)<br>Series 2023-A<br>5.70%, 06/01/2052<sup>(a)</sup> | 1500 | 1382753 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-B<br>5.78%, 06/01/2027<sup>(a)</sup> | 1000 | 1005380 |
|  Orange County Health Facilities Authority<br> (Presbyterian Retirement Communities Obligated Group)<br>Series 2023<br>4.00%, 08/01/2042 | 5000 | 4332951 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Palm Beach County Educational Facilities Authority<br> (Palm Beach Atlantic University Obligated Group)<br>Series 2021<br>4.00%, 10/01/2041 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;854725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/01/2051 | 1815 | 1414877 |
|  Palm Beach County Health Facilities Authority<br> (Federation CCRC Operations Obligated Group)<br>Series 2022<br>4.25%, 06/01/2056 | 2100 | 1634081 |
|  Palm Beach County Health Facilities Authority<br> (Green Cay Life Plan Village)<br>Series 2022<br>11.50%, 07/01/2027<sup>(a)</sup> | 1000 | 1401405 |
|  Polk County Industrial Development Authority/FL<br>(Mineral Development LLC)<br>Series 2020<br>5.875%, 01/01/2033<sup>(c) (d) (e)</sup> | 1905 | 1047750 |
|  Sarasota County Health Facilities Authority<br> (Village On the Isle)<br>Series 2017-A<br>5.00%, 01/01/2047 | 2450 | 2196411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2052 | 4500 | 3888837 |
|  Village Community Development District No. 13<br> (Village Community Development Dist No. 13 Phase II Series 2020 Special Assmnts)<br>Series 2020<br>3.50%, 05/01/2051<sup>(a)</sup> | 1920 | 1392657 |
|  Village Community Development District No. 13<br> (Village Community Development Dist No. 13 Phase III Series 2020 Special Assmnts)<br>Series 2021<br>1.80%, 05/01/2026 | 100 | 98971 |
|  Village Community Development District No. 15<br> (Village Community Development District No. 15 Series 2023 Phase I Special Assmnt)<br>Series 2023<br>5.25%, 05/01/2054<sup>(a)</sup> | 985 | 953854 |
|  Village Community Development District No. 15<br> (Village Community Development District No. 15 Series 2024 Special Assessment)<br>Series 2024<br>4.00%, 05/01/2034<sup>(a)</sup> | 1000 | 986597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 05/01/2039<sup>(a)</sup> | 1000 | 933814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 05/01/2044<sup>(a)</sup> | 1000 | 925438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 05/01/2055<sup>(a)</sup> | 1500 | 1337186 |
|  |  | 162995739 |
|  **Georgia – 3.0%** |  |  |
|  Atlanta Development Authority (The)<br> (City of Atlanta GA Westside Tax Allocation District Gulch Area)<br>Series 2024<br>0.00%, 12/15/2048<sup>(a) (g)</sup> | 10000 | 8535845 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A<br>5.50%, 04/01/2039<sup>(a)</sup> | 2500 | 2494485 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  City of Atlanta GA Airport Passenger Facility Charge<br> (City of Atlanta GA Airport Passenger Facility Charge)<br>Series 2023<br>5.25%, 07/01/2043 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11475 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11749305 |
|  Fayette County Development Authority<br> (United States Soccer Federation)<br>Series 2024<br>5.25%, 10/01/2054 | 6110 | 6114138 |
|  Glynn-Brunswick Memorial Hospital Authority<br> (Southeast Georgia Health System Obligated Group)<br>Series 2017<br>5.00%, 08/01/2043 | 1000 | 969455 |
|  Main Street Natural Gas, Inc.<br> (Citadel LP)<br>Series 2022-C<br>4.00%, 08/01/2052<sup>(a)</sup> | 8350 | 8343156 |
|  Main Street Natural Gas, Inc.<br> (Citigroup, Inc.)<br>Series 2023-2<br>5.00%, 12/01/2054<sup>(a) (b)</sup> | 10000 | 10631289 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-2<br>5.00%, 06/01/2053<sup>(a) (b)</sup> | 10000 | 10585360 |
|  Main Street Natural Gas, Inc.<br> (Royal Bank of Canada)<br>Series 2023-2<br>5.00%, 07/01/2053<sup>(a) (b)</sup> | 10000 | 10589938 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-2<br>5.27%, 12/01/2053<sup>(a) (b)</sup> | 10000 | 10057278 |
|  Municipal Electric Authority of Georgia<br> (PowerSouth Energy Cooperative)<br>Series 2019<br>5.00%, 01/01/2039 | 605 | 612127 |
|  |  | 80682376 |
|  **Guam – 0.3%** |  |  |
|  Guam Government Waterworks Authority<br> (Guam Waterworks Authority Water And Wastewater System)<br>Series 2025-A<br>5.50%, 07/01/2055 | 2790 | 2841041 |
|  Territory of Guam<br> (Guam Section 30 Income Tax)<br>Series 2016-A<br>5.00%, 12/01/2046 | 4365 | 4282598 |
|  |  | 7123639 |
|  **Idaho – 0.3%** |  |  |
|  Idaho Health Facilities Authority<br> (North Canyon Medical Center)<br>Series 2023<br>7.125%, 11/01/2057 | 3000 | 3124722 |
|  Idaho Housing & Finance Association<br> (Battelle Energy Alliance)<br>Series 2010-A<br>7.00%, 02/01/2036 | 4000 | 4006217 |
|  |  | 7130939 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Illinois – 4.7%** |  |  |
|  Bellwood Municipal Housing Corp.<br> (Village of Bellwood IL)<br>Series 2024<br>6.375%, 12/01/2059<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1788586 |
|  Chicago Board of Education<br> (Chicago Board of Education)<br>Series 2015-C<br>5.25%, 12/01/2035 | 5405 | 5368504 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-A<br>7.00%, 12/01/2044 | 3095 | 3102112 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-A<br>7.00%, 12/01/2046<sup>(a)</sup> | 4975 | 5096191 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-B<br>6.75%, 12/01/2030<sup>(a)</sup> | 11365 | 11990857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 12/01/2042<sup>(a)</sup> | 2400 | 2472792 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-H<br>5.00%, 12/01/2046 | 1380 | 1176811 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-A<br>5.00%, 12/01/2032 | 4800 | 4854776 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-B<br>5.00%, 12/01/2030 | 425 | 436510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2031 | 750 | 765165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2032 | 310 | 314532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2033 | 290 | 292633 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-A<br>5.875%, 12/01/2047 | 5000 | 5069499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 12/01/2049 | 5000 | 5093401 |
|  City of Chicago IL<br> (City of Chicago IL)<br>Series 2016-C<br>5.00%, 01/01/2038 | 90 | 87967 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A<br>6.00%, 01/01/2050 | 7000 | 7126351 |
|  City of Chicago IL<br> (Goldblatts Supportive Living Project)<br>Series 2013<br>6.375%, 12/01/2052<sup>(c) (d)</sup> | 7950 | 4746809 |
|  Eastern Illinois Economic Development Authority<br> (City of Mattoon IL Sales & Hotel Tax)<br>Series 2023<br>6.00%, 05/01/2046 | 2000 | 1921303 |
|  Illinois Finance Authority<br> (Acero Charter Schools Obligated Group)<br>Series 2021<br>4.00%, 10/01/2042<sup>(a)</sup> | 1000 | 818860 |
|  Illinois Finance Authority<br> (Bradley University)<br>Series 2021-A<br>4.00%, 08/01/2043 | 1190 | 957478 |
|  Illinois Finance Authority<br> (CHF-Chicago LLC)<br>Series 2017-A<br>5.00%, 02/15/2047 | 1790 | 1627934 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Illinois Finance Authority<br> (Illinois Institute of Technology)<br>Series 2019<br>5.00%, 09/01/2036 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;540 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;531010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/2038 | 1000 | 968002 |
|  Illinois Finance Authority<br> (LRS Holdings LLC)<br>Series 2023<br>7.375%, 09/01/2042<sup>(a)</sup> | 3000 | 3270692 |
|  Illinois Finance Authority<br> (Park Place of Elmhurst Obligated Group)<br>Series 2021<br>5.125%, 05/15/2060 | 11442 | 8117726 |
|  Illinois Housing Development Authority<br> (Drexel Court & Lake Park East)<br>Series 2022<br>7.17%, 11/01/2038 | 600 | 601591 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.67%, 11/01/2038<sup>(e)</sup> | 5820 | 5519217 |
|  Metropolitan Pier & Exposition Authority<br> (Metropolitan Pier & Exposition Authority)<br>Series 2012<br>Zero Coupon, 12/15/2041 | 24500 | 10713681 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 12/15/2050 | 19675 | 5023041 |
| &nbsp;&nbsp;&nbsp;&nbsp; AG Series 2017<br>Zero Coupon, 12/15/2056 | 4495 | 851279 |
|  State of Illinois<br> (State of Illinois)<br>Series 2010<br>7.35%, 07/01/2035 | 5357 | 5860690 |
|  Village of Antioch IL Special Service Areas No. 1 & 2<br> (Village of Antioch IL Special Service Areas No. 1 & 2)<br>Series 2016-A<br>4.50%, 03/01/2033 | 6682 | 6659287 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-B<br>7.00%, 03/01/2033 | 3086 | 3086002 |
|  Village of Pingree Grove IL Special Service Area No. 7<br> (Village of Pingree Grove IL Special Service Area No. 7)<br>Series 2015<br>5.00%, 03/01/2036 | 8950 | 8640061 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2015-B<br>6.00%, 03/01/2036 | 2257 | 2256983 |
|  |  | 127208333 |
|  **Indiana – 2.8%** |  |  |
|  City of Fort Wayne IN<br> (Do Good Foods Fort Wayne Obligated Group)<br>10.75%, 12/01/2029<sup>(c) (d)</sup> | 328 | 33 |
|  City of Valparaiso IN<br> (Green Oaks of Valparaiso)<br>Series 2021<br>5.375%, 12/01/2041<sup>(a)</sup> | 3350 | 2880354 |
|  City of Valparaiso IN<br> (Pratt Paper IN LLC)<br>Series 2024<br>4.875%, 01/01/2044<sup>(a)</sup> | 1000 | 946818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2054<sup>(a)</sup> | 2000 | 1840210 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  City of Whiting IN<br> (BP PLC)<br>Series 2023<br>4.40%, 11/01/2045 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8274213 |
|  Indiana Finance Authority<br> (Brightmark Plastics Renewal Indiana)<br>Series 2019<br>7.00%, 03/01/2039<sup>(c) (d) (e)</sup> | 17575 | 878750 |
|  Indiana Finance Authority<br> (Good Samaritan Hospital Obligated Group)<br>Series 2022<br>4.00%, 04/01/2038 | 2045 | 1880145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/01/2040 | 2215 | 1942217 |
|  Indiana Finance Authority<br> (Greencroft Goshen Obligated Group)<br>Series 2023-2<br>4.00%, 11/15/2026 | 1000 | 995523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/15/2027 | 1000 | 996082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/15/2030 | 1000 | 997855 |
|  Indiana Finance Authority<br> (Indiana University Health Obligated Group)<br>Series 2025-C<br>5.25%, 10/01/2045 | 5780 | 6070841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 10/01/2046 | 5000 | 5228503 |
|  Indiana Finance Authority<br> (Ohio Valley Electric)<br>Series 2020<br>3.00%, 11/01/2030 | 5145 | 5045960 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-B<br>2.50%, 11/01/2030 | 4025 | 3812642 |
|  Indiana Finance Authority<br> (Parkview Health System Obligated Group)<br>Series 2024-A<br>5.00%, 11/01/2054<sup>(a)</sup> | 10000 | 9909061 |
|  Indiana Finance Authority<br> (SFP-PUFW I LLC)<br>Series 2024<br>5.00%, 07/01/2059 | 1750 | 1626279 |
|  Indiana Finance Authority<br> (University of Evansville)<br>Series 2022<br>5.25%, 09/01/2057 | 4750 | 4267945 |
|  Indiana Housing & Community Development Authority<br> (Vita of Marion LLC)<br>Series 2021-A<br>5.25%, 04/01/2041<sup>(a)</sup> | 1325 | 1097704 |
|  Indianapolis Local Public Improvement Bond Bank<br> (Pan Am Plaza Hotel)<br>Series 2023<br>5.75%, 03/01/2043 | 2000 | 2045225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 03/01/2053 | 5000 | 5080346 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-F<br>7.75%, 03/01/2067 | 4075 | 4393552 |
| &nbsp;&nbsp;&nbsp;&nbsp; BAM Series 2023<br>5.25%, 03/01/2067 | 5000 | 5052025 |
|  |  | 75262283 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Iowa – 0.6%** |  |  |
|  Iowa Finance Authority<br> (Wesley Retirement Services Obligated Group)<br>Series 2021<br>4.00%, 12/01/2031 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1575 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1508392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 12/01/2041 | 3400 | 2666046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 12/01/2046 | 2275 | 1622161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 12/01/2051 | 4060 | 2730596 |
|  Iowa Higher Education Loan Authority<br> (Simpson College)<br>Series 2020<br>5.50%, 11/01/2051 | 5000 | 4166046 |
|  Iowa Tobacco Settlement Authority<br> (Iowa Tobacco Settlement Authority)<br>Series 2021-B<br>Zero Coupon, 06/01/2065 | 28915 | 3998525 |
|  |  | 16691766 |
|  **Kansas – 0.4%** |  |  |
|  City of Colby KS<br> (Citizens Medical Center)<br>Series 2024<br>5.50%, 07/01/2026 | 5000 | 5012325 |
|  Overland Park Development Corp.<br> (City of Overland Park KS)<br>Series 2019<br>5.00%, 03/01/2037 | 1000 | 1015547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/01/2039 | 1070 | 1077050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/01/2044 | 655 | 630506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/01/2049 | 3835 | 3565790 |
|  |  | 11301218 |
|  **Kentucky – 2.3%** |  |  |
|  City of Ashland KY<br> (Royal Blue Health Obligated Group)<br>Series 2019<br>4.00%, 02/01/2038 | 745 | 689782 |
|  Kentucky Economic Development Finance Authority<br> (Masonic Homes of Kentucky Obligated Group)<br>Series 2012<br>5.375%, 11/15/2042 | 7765 | 6321993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 11/15/2045 | 1665 | 1328890 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-A<br>5.00%, 05/15/2046 | 4500 | 3488621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/15/2051 | 3500 | 2589188 |
|  Kentucky Economic Development Finance Authority<br> (Owensboro Health Obligated Group)<br>Series 2017-A<br>5.00%, 06/01/2037 | 4045 | 4058294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/01/2041 | 3650 | 3626122 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Kentucky Economic Development Finance Authority<br> (Rosedale Green)<br>Series 2015<br>5.75%, 11/15/2050 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2650 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2034688 |
|  Kentucky Housing Corp.<br> (Churchill Park LLLP)<br>Series 2022-A<br>5.75%, 11/01/2040<sup>(a)</sup> | 5130 | 4999954 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-B<br>6.75%, 11/01/2040<sup>(a)</sup> | 850 | 829757 |
|  Kentucky Public Energy Authority<br> (Goldman Sachs Group)<br>Series 2024-2<br>5.00%, 05/01/2055<sup>(a) (b)</sup> | 10000 | 10570536 |
|  Kentucky Public Energy Authority<br> (Morgan Stanley)<br>Series 2024-2<br>4.00%, 08/01/2052<sup>(a) (b)</sup> | 10000 | 10076206 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2<br>5.25%, 06/01/2055<sup>(a) (b)</sup> | 10000 | 10647254 |
|  Louisville/Jefferson County Metropolitan Government<br> (Norton Healthcare Obligated Group)<br>Series 2020-A<br>5.00%, 10/01/2038 | 370 | 380143 |
|  |  | 61641428 |
|  **Louisiana – 1.2%** |  |  |
|  Louisiana Local Government Environmental Facilities & Community Development Auth<br> (St. James Place of Baton Rouge)<br>Series 2015-A<br>6.25%, 11/15/2045 | 7625 | 7233619 |
|  Louisiana Public Facilities Authority<br> (Acadiana Renaissance Charter Academy)<br>Series 2025<br>6.00%, 06/15/2045<sup>(a)</sup> | 1000 | 994378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 06/15/2055<sup>(a)</sup> | 2150 | 2124213 |
|  Louisiana Public Facilities Authority<br> (Calcasieu Bridge Partners)<br>Series 2024<br>5.00%, 09/01/2066 | 5260 | 4716536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 09/01/2064 | 5500 | 5483047 |
|  Louisiana Public Facilities Authority<br> (Louisiana Pellets, Inc.)<br>Series 2013-B<br>10.50%, 07/01/2039<sup>(c) (d)</sup> | 7250 | 73 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014-A<br>8.375%, 07/01/2039<sup>(c) (d)</sup> | 17000 | 170 |
|  Louisiana Public Facilities Authority<br> (Louisiana State University & Agricultural & Mechanical College Lease)<br>Series 2016A<br>5.00%, 07/01/2051 | 10000 | 9516491 |
|  Louisiana Public Facilities Authority<br> (Prerefunded - US Govt Agencies)<br>Series 2016<br>5.00%, 05/15/2047 | 25 | 25439 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Parish of St. James LA<br> (NuStar Logistics LP)<br>Series 2020-2<br>6.35%, 07/01/2040<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1055 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1131290 |
|  |  | 31225256 |
|  **Maryland – 2.1%** |  |  |
|  City of Westminster MD<br> (Lutheran Village at Miller's Grant)<br>Series 2014-A<br>6.00%, 07/01/2034 | 1385 | 1385697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 07/01/2039 | 950 | 950042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 07/01/2044 | 2600 | 2584574 |
|  Maryland Economic Development Corp.<br> (Core Natural Resources)<br>Series 2025<br>5.00%, 07/01/2048<sup>(a)</sup> | 1000 | 1006854 |
|  Maryland Health & Higher Educational Facilities Authority<br> (Adventist Healthcare Obligated Group)<br>Series 2021<br>5.00%, 01/01/2026 | 495 | 497381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2027 | 430 | 440580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2028 | 300 | 312532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2029 | 290 | 306324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2030 | 285 | 303952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2036 | 1790 | 1843386 |
|  Maryland Stadium Authority<br> (Baltimore City Public School Construction Financing Fund)<br>Series 2022-2<br>5.00%, 05/01/2050<sup>(a) (b)</sup> | 45000 | 46178105 |
|  |  | 55809427 |
|  **Massachusetts – 1.7%** |  |  |
|  Commonwealth of Massachusetts<br> (Commonwealth of Massachusetts)<br>Series 2025-A<br>5.00%, 04/01/2055 | 10000 | 10151807 |
|  Massachusetts Bay Transportation Authority Sales Tax Revenue<br> (Massachusetts Bay Transportation Authority Sales Tax Revenue)<br>Series 2025-B<br>5.25%, 07/01/2055 | 10000 | 10372196 |
|  Massachusetts Development Finance Agency<br> (Care Communities Obligated Group)<br>Series 2025<br>6.50%, 07/15/2060<sup>(a)</sup> | 3630 | 3496598 |
|  Massachusetts Development Finance Agency<br> (NewBridge on the Charles)<br>Series 2017<br>5.00%, 10/01/2037<sup>(a)</sup> | 1000 | 1007714 |
|  Massachusetts Development Finance Agency<br> (Tufts Medicine Obligated Group)<br>Series 2019-A<br>5.00%, 07/01/2036 | 2700 | 2701410 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>8.50%, 10/01/2026 | 2175 | 2178882 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Massachusetts Port Authority<br> (Massachusetts Port Authority)<br>Series 2025-2<br>5.00%, 07/01/2036<sup>(a) (b)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4500 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4625825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2037<sup>(a) (b)</sup> | 4000 | 4090945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2038<sup>(a) (b)</sup> | 8100 | 8234666 |
|  |  | 46860043 |
|  **Michigan – 1.1%** |  |  |
|  City of Detroit MI<br> (City of Detroit MI)<br>4.813%, 06/15/2049<sup>(c) (d)</sup> | 1622 | 1703244 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014-B<br>4.00%, 04/01/2044<sup>(g)</sup> | 6960 | 5461455 |
|  Michigan Finance Authority<br> (Lawrence Technological University Obligated Group)<br>Series 2022<br>4.00%, 02/01/2027 | 95 | 95039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/01/2032 | 285 | 280279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/01/2042 | 1115 | 916175 |
|  Michigan Finance Authority<br> (Michigan Finance Authority Tobacco Settlement Revenue)<br>Series 2020-B<br>Zero Coupon, 06/01/2065 | 18000 | 1639328 |
|  Michigan Finance Authority<br> (Prerefunded - US Treasuries)<br>Series 2016<br>5.00%, 12/01/2045 | 45 | 45777 |
|  Michigan Finance Authority<br> (Public Lighting Authority)<br>Series 2014-B<br>5.00%, 07/01/2039 | 13580 | 13617963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2044 | 1200 | 1203355 |
|  Michigan Tobacco Settlement Finance Authority<br> (Tobacco Settlement Financing Corp/MI)<br>Series 2008-C<br>Zero Coupon, 06/01/2058 | 164100 | 4255228 |
|  |  | 29217843 |
|  **Minnesota – 1.3%** |  |  |
|  City of Apple Valley MN<br> (PHS Apple Valley Senior Housing)<br>Series 2021<br>4.00%, 09/01/2061 | 870 | 607282 |
|  City of Bloomington MN<br> (City of Bloomington MN)<br>Series 2024-A<br>6.18%, 07/01/2041<sup>(a)</sup> | 2570 | 2416952 |
|  City of Brooklyn Park MN<br> (Brooklyn Park AH I LLLP)<br>Series 2023<br>6.205%, 01/01/2042<sup>(a) (g)</sup> | 5000 | 5008178 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  City of Brooklyn Park MN<br> (Brooklyn Park AH II LLLP)<br>Series 2024<br>6.26%, 07/01/2041<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4731399 |
|  City of Columbus MN<br> (Adalyn Avenue LLLP)<br>Series 2023<br>5.98%, 12/01/2041<sup>(a)</sup> | 5000 | 4824052 |
|  City of Fridley MN<br> (Roers Fridley Apartments Owner II)<br>Series 2023-A<br>5.75%, 06/01/2041<sup>(a)</sup> | 3060 | 3032858 |
|  Dakota County Community Development Agency<br> (Rosemont AH I LLLP)<br>Series 2023<br>5.66%, 07/01/2041<sup>(a)</sup> | 7500 | 7002238 |
|  Housing & Redevelopment Authority of The City of St. Paul Minnesota<br> (Minnesota Math & Science Academy)<br>Series 2021<br>4.00%, 06/01/2041<sup>(e)</sup> | 2100 | 987000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/01/2051<sup>(e)</sup> | 2225 | 1045750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/01/2056<sup>(e)</sup> | 1000 | 470000 |
|  Minneapolis-St. Paul Metropolitan Airports Commission<br> (Minneapolis-St Paul Metropolitan Airports Commission)<br>Series 2024<br>5.00%, 01/01/2041 | 3000 | 3035689 |
|  Washington County Community Development Agency<br> (Raymie Johnson Estates)<br>Series 2025<br>4.66%, 07/01/2027 | 1000 | 1003161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.08%, 07/01/2042 | 1000 | 992830 |
|  |  | 35157389 |
|  **Mississippi – 0.3%** |  |  |
|  Mississippi Business Finance Corp.<br> (Alden Group Renewable Energy Mississippi)<br>Series 2022<br>8.00%, 12/01/2029<sup>(c) (d) (e)</sup> | 5750 | 3910000 |
|  Mississippi Development Bank<br> (Magnolia Regional Health Center)<br>Series 2021<br>4.00%, 10/01/2041<sup>(a)</sup> | 1000 | 773686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2031<sup>(a)</sup> | 2850 | 2945928 |
|  Mississippi Hospital Equipment & Facilities Authority<br> (Forrest County General Hospital)<br>Series 2019<br>4.00%, 01/01/2037 | 250 | 240357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2035 | 750 | 784676 |
|  |  | 8654647 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Missouri – 1.3%** |  |  |
|  Health & Educational Facilities Authority of the State of Missouri<br> (BJC Healthcare Obligated Group)<br>Series 2025-A<br>5.00%, 04/01/2040 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10500 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11303565 |
|  I-470 Western Gateway Transportation Development District<br> (I-470 Western Gateway Transportation Development District Sales Tax)<br>Series 2019-A<br>5.25%, 12/01/2048<sup>(a)</sup> | 5000 | 4713658 |
|  Kansas City Industrial Development Authority<br> (Kingswood Senior Living Community)<br>Series 2021<br>2.00%, 11/15/2046<sup>(c) (d)</sup> | 1165 | 53764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/15/2046<sup>(c) (d)</sup> | 2610 | 1720252 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-A<br>10.00%, 11/15/2046<sup>(c) (d)</sup> | 804 | 676554 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-C<br>7.50%, 11/15/2037<sup>(c) (d)</sup> | 643 | 484447 |
|  Kansas City Industrial Development Authority<br> (Platte Purchase Project)<br>Series 2019<br>5.00%, 07/01/2040<sup>(a)</sup> | 1525 | 1432727 |
|  Lee's Summit Industrial Development Authority<br> (John Knox Village Obligated Group)<br>Series 2016-A<br>5.00%, 08/15/2036 | 2000 | 1970871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/15/2046 | 5585 | 4718515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/15/2051 | 2415 | 1932742 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-A<br>5.00%, 08/15/2056 | 4910 | 3996870 |
|  Taney County Industrial Development Authority<br> (Taney County Industrial Development Authority Lease)<br>Series 2023<br>6.00%, 10/01/2049<sup>(a)</sup> | 2000 | 1884230 |
|  |  | 34888195 |
|  **Montana – 0.1%** |  |  |
|  County of Gallatin MT<br> (Bozeman Fiber, Inc.)<br>Series 2025<br>0.00%, 10/15/2055<sup>(a) (g)</sup> | 4245 | 3217374 |
|  **Nebraska – 0.4%** |  |  |
|  Central Plains Energy Project<br> (Goldman Sachs Group)<br>Series 2017-A<br>5.00%, 09/01/2042 | 10000 | 10172426 |
|  **Nevada – 0.8%** |  |  |
|  City of Reno NV<br> (County of Washoe NV Sales Tax Revenue)<br>Series 2018-C<br>Zero Coupon, 07/01/2058<sup>(a)</sup> | 8500 | 1253425 |

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---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  City of Sparks NV<br> (City of Sparks NV Sales Tax)<br>Series 2019-A<br>2.75%, 06/15/2028<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;695 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;682733 |
|  Las Vegas Redevelopment Agency<br> (Las Vegas Redevelopment Agency Redevelopment Area 1)<br>Series 2016<br>5.00%, 06/15/2045 | 3000 | 2866366 |
|  Las Vegas Valley Water District<br> (Las Vegas Valley Water District)<br>Series 2025-A<br>5.25%, 06/01/2055 | 10000 | 10360233 |
|  State of Nevada Department of Business & Industry<br> (Desertxpress Enterprises)<br>Series 2025<br>9.50%, 01/01/2065<sup>(a)</sup> | 6725 | 6180267 |
|  State of Nevada Department of Business & Industry<br> (Fulcrum Sierra Holdings)<br>Series 2018<br>6.95%, 02/15/2038<sup>(c) (d) (e)</sup> | 1465 | 15 |
|  |  | 21343039 |
|  **New Hampshire – 3.1%** |  |  |
|  New Hampshire Business Finance Authority<br> (ARC70 2025-1)<br>Series 2025-1, Class A1<br>4.75%, 06/20/2041 | 2859 | 2856458 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1, Class A2<br>5.15%, 06/20/2041 | 1000 | 1010901 |
|  New Hampshire Business Finance Authority<br> (ARC70 II TRUST)<br>Series 2024<br>4.15%, 10/20/2040 | 3386 | 3180425 |
|  New Hampshire Business Finance Authority<br> (Bridgeland Water & Utility Districts 490, 491 & 158)<br>Series 2024<br>5.375%, 12/15/2035<sup>(a)</sup> | 6877 | 6750027 |
|  New Hampshire Business Finance Authority<br> (Emberly & Canterra Creek Projects)<br>Series 2024<br>5.375%, 12/01/2031<sup>(a)</sup> | 956 | 956707 |
|  New Hampshire Business Finance Authority<br> (Greater Raleigh Area Christian Education)<br>Series 2025<br>6.00%, 08/01/2065 | 1590 | 1530804 |
|  New Hampshire Business Finance Authority<br> (Lakes Fresh Water Supply District of Denton County)<br>Series 2024<br>5.00%, 12/01/2028<sup>(a)</sup> | 1000 | 1001868 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  New Hampshire Business Finance Authority<br> (New Hampshire Business Finance Authority)<br>Series 2025-2<br>5.15%, 09/28/2037 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3510 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3412572 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A<br>Zero Coupon, 02/01/2035<sup>(a)</sup> | 4690 | 2582367 |
|  New Hampshire Business Finance Authority<br> (NFA 2020-1)<br>Series 2020-1, Class A<br>4.125%, 01/20/2034 | 11711 | 11636575 |
|  New Hampshire Business Finance Authority<br> (NFA 2022-1)<br>Series 2022-1, Class A<br>4.375%, 09/20/2036 | 16290 | 15808189 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-1, Class X<br>0.35%, 09/20/2036<sup>(f)</sup> | 10554 | 205701 |
|  New Hampshire Business Finance Authority<br> (NFA 2022-2)<br>Series 2022-2, Class A<br>4.00%, 10/20/2036 | 9608 | 9069536 |
|  New Hampshire Business Finance Authority<br> (NFA 2024-1)<br>Series 2024-1, Class X<br>0.547%, 07/01/2051<sup>(f)</sup> | 4156 | 151719 |
|  New Hampshire Business Finance Authority<br> (NFA 2024-2)<br>Series 2024-2, Class X<br>0.596%, 08/20/2039<sup>(f)</sup> | 9917 | 391642 |
|  New Hampshire Business Finance Authority<br> (NFA 2025-1)<br>Series 2025<br>5.75%, 04/28/2042 | 2350 | 2379446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 12/15/2033<sup>(a)</sup> | 3500 | 3513673 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1, Class A2<br>4.168%, 01/20/2041 | 1495 | 1304865 |
|  New Hampshire Business Finance Authority<br> (Reworld Holding Corp.)<br>Series 2020-B<br>3.75%, 07/01/2045<sup>(a)</sup> | 3215 | 2585997 |
|  New Hampshire Business Finance Authority<br> (Tamarron Project)<br>Series 2024<br>5.25%, 12/01/2035<sup>(a)</sup> | 1820 | 1819146 |
|  New Hampshire Business Finance Authority<br> (The Highlands Project)<br>Series 2024<br>5.125%, 12/15/2030 | 915 | 917026 |
|  New Hampshire Health & Education Facilities Authority Act<br> (Dartmouth Health Obligated Group)<br>Series 2020-A<br>5.00%, 08/01/2059 | 10920 | 10422844 |
|  |  | 83488488 |
|  **New Jersey – 3.2%** |  |  |
|  Essex County Improvement Authority<br> (North Star Academy Charter School of Newark)<br>Series 2020<br>4.00%, 07/15/2050<sup>(a)</sup> | 1000 | 792472 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  New Jersey Economic Development Authority<br> (DRP Urban Renewal 4 LLC)<br>Series 2025<br>6.375%, 01/01/2035<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1400 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1433436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 01/01/2045<sup>(a)</sup> | 2080 | 2122498 |
|  New Jersey Economic Development Authority<br> (NYNJ Link Borrower LLC)<br>Series 2013<br>5.125%, 01/01/2034 | 9780 | 9793362 |
|  New Jersey Economic Development Authority<br> (Port Newark Container Terminal)<br>Series 2017<br>5.00%, 10/01/2037 | 2000 | 2014639 |
|  New Jersey Economic Development Authority<br> (UMM Energy Partners LLC)<br>Series 2012-A<br>5.125%, 06/15/2043 | 7515 | 7068779 |
|  New Jersey Economic Development Authority<br> (United Airlines, Inc.)<br>Series 2012<br>5.25%, 09/15/2029 | 2925 | 2928028 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014-B<br>5.625%, 11/15/2030 | 4525 | 4529684 |
|  New Jersey Transportation Trust Fund Authority<br> (State of New Jersey Lease)<br>Series 2009-A<br>Zero Coupon, 12/15/2039 | 2670 | 1390664 |
|  New Jersey Turnpike Authority<br> (New Jersey Turnpike Authority)<br>Series 2025-C<br>5.00%, 01/01/2033<sup>(h)</sup> | 2250 | 2528275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2034<sup>(h)</sup> | 6000 | 6756201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2035<sup>(h)</sup> | 2325 | 2618859 |
|  Tobacco Settlement Financing Corp./NJ<br> (Tobacco Settlement Financing Corp/NJ)<br>Series 2018-B<br>5.00%, 06/01/2046 | 44825 | 43080380 |
|  |  | 87057277 |
|  **New York – 5.5%** |  |  |
|  Build NYC Resource Corp.<br> (Albert Einstein College of Medicine)<br>Series 2016<br>5.50%, 09/01/2045<sup>(a)</sup> | 4095 | 3981815 |
|  Build NYC Resource Corp.<br> (Metropolitan College of New York)<br>Series 2014<br>5.00%, 11/01/2039<sup>(c) (d)</sup> | 7050 | 4935000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 11/01/2044<sup>(c) (d)</sup> | 2875 | 2012500 |
|  Metropolitan Transportation Authority<br> (Metropolitan Transportation Authority)<br>Series 2016-B<br>5.00%, 11/15/2025 | 635 | 637791 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Nassau County Industrial Development Agency<br> (Amsterdam House Continuing Care Retirement Community)<br>5.00%, 01/01/2058<sup>(i) (j)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7315 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523613 |
|  New York City Housing Development Corp.<br> (New York City Housing Development)<br>Series 2020<br>2.55%, 08/01/2040 | 1355 | 955249 |
|  New York City Transitional Finance Authority<br> (New York City Transitional Finance Authority Future Tax Secured Revenue)<br>Series 2025<br>5.00%, 05/01/2050 | 10000 | 10087849 |
|  New York Counties Tobacco Trust V<br> (New York Counties Tobacco Trust V)<br>Series 2005<br>Zero Coupon, 06/01/2050 | 51990 | 7289570 |
|  New York Liberty Development Corp.<br> (3 World Trade Center LLC)<br>Series 2014<br>5.00%, 11/15/2044<sup>(a)</sup> | 6690 | 6488683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 11/15/2044<sup>(a)</sup> | 1705 | 1705829 |
|  New York Transportation Development Corp.<br> (JFK Millennium Partners)<br>Series 2024<br>5.50%, 12/31/2060 | 6000 | 5800227 |
|  New York Transportation Development Corp.<br> (JFK NTO LLC)<br>Series 2023<br>5.375%, 06/30/2060 | 5500 | 5214377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/30/2054 | 2500 | 2539056 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 06/30/2060 | 2000 | 1828252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/30/2054 | 11925 | 11556464 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>6.00%, 06/30/2059 | 5000 | 5116395 |
| &nbsp;&nbsp;&nbsp;&nbsp; AG Series 2023<br>5.00%, 06/30/2049 | 2000 | 1924423 |
|  New York Transportation Development Corp.<br> (Laguardia Gateway Partners)<br>Series 2016-A<br>5.00%, 07/01/2041 | 17110 | 17101554 |
|  Suffolk Regional Off-Track Betting Corp.<br> (Suffolk Regional Off-Track Betting)<br>Series 2024<br>6.00%, 12/01/2053 | 4000 | 3982632 |
|  Triborough Bridge & Tunnel Authority<br> (Metropolitan Transportation Authority Payroll Mobility Tax Revenue)<br>Series 2022-2<br>5.25%, 05/15/2052<sup>(a) (b)</sup> | 5000 | 5122148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/15/2057<sup>(a) (b)</sup> | 10000 | 10219855 |
|  Triborough Bridge & Tunnel Authority<br> (Triborough Bridge & Tunnel Authority)<br>Series 2022-2<br>5.50%, 11/15/2057<sup>(a) (b)</sup> | 10000 | 10377857 |
|  Triborough Bridge & Tunnel Authority Sales Tax Revenue<br> (Triborough Bridge & Tunnel Authority Sales Tax Revenue)<br>Series 2024-A<br>5.25%, 05/15/2059 | 10000 | 10280207 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  TSASC, Inc./NY<br> (TSASC, Inc./NY)<br>Series 2016<br>5.00%, 06/01/2045 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2144776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/01/2048 |  | 3550 |  | 3009806 |
|  Ulster County Capital Resource Corp.<br> (Woodland Pond at New Paltz)<br>Series 2017<br>5.00%, 09/15/2037 |  | 4270 |  | 3824002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/15/2042 |  | 1795 |  | 1508803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/15/2047 |  | 3080 |  | 2417142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/15/2053 |  | 6635 |  | 4986855 |
|  Western Regional Off-Track Betting Corp.<br> (Western Regional Off-Track Betting)<br>Series 2021<br>4.125%, 12/01/2041<sup>(a)</sup> |  | 1650 |  | 1404286 |
|  |  |  |  | 148977016 |
|  **North Carolina – 0.3%** | **North Carolina – 0.3%** | **North Carolina – 0.3%** | **North Carolina – 0.3%** | **North Carolina – 0.3%** |
|  Fayetteville State University<br> (Fayetteville State University)<br>Series 2023<br>5.00%, 04/01/2033<sup>(a)</sup> |  | 710 |  | 771838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/01/2035<sup>(a)</sup> |  | 830 |  | 896680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/01/2039<sup>(a)</sup> |  | 1120 |  | 1162628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/01/2041<sup>(a)</sup> |  | 1290 |  | 1318524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/01/2043<sup>(a)</sup> |  | 1480 |  | 1495589 |
|  North Carolina Medical Care Commission<br> (Pennybyrn at Maryfield)<br>Series 2015<br>5.00%, 10/01/2035 |  | 1625 |  | 1580224 |
|  North Carolina Turnpike Authority<br> (North Carolina Turnpike Authority)<br>AG Series 2024<br>Zero Coupon, 01/01/2051 |  | 3000 |  | 824102 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 01/01/2052 |  | 2000 |  | 520563 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 01/01/2053 |  | 1000 |  | 246599 |
|  |  |  |  | 8816747 |
|  **Ohio – 1.8%** | **Ohio – 1.8%** | **Ohio – 1.8%** | **Ohio – 1.8%** | **Ohio – 1.8%** |
|  Buckeye Tobacco Settlement Financing Authority<br> (Buckeye Tobacco Settlement Financing Authority)<br>Series 2020-B<br>Zero Coupon, 06/01/2057 |  | 46605 |  | 4077420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/01/2055 |  | 23975 |  | 19365310 |
|  City of Middleburg Heights OH<br> (Southwest General Health Center Obligated Group)<br>Series 2021<br>5.00%, 08/01/2033 |  | 800 |  | 841775 |
|  County of Cuyahoga OH<br> (MetroHealth System/The)<br>Series 2017<br>5.00%, 02/15/2042 |  | 5 |  | 4749 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  County of Franklin OH<br> (First Community Village Obligated Group)<br>Series 2019<br>5.00%, 07/01/2049 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2635 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2394154 |
|  County of Marion OH<br> (United Church Homes Obligated Group)<br>Series 2019<br>5.125%, 12/01/2049 |  | 690 |  | 496041 |
|  County of Montgomery OH<br> (Trousdale Foundation Obligated Group)<br>Series 2018-A<br>6.25%, 04/01/2049<sup>(c) (d) (e) (i) (j)</sup> |  | 4140 |  | 49055 |
|  County of Washington OH<br> (Marietta Area Health Care Obligated Group)<br>Series 2022<br>6.625%, 12/01/2042 |  | 1000 |  | 1029689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 12/01/2052 |  | 10000 |  | 10293838 |
|  Jefferson County Port Authority/OH<br> (JSW Steel USA Ohio, Inc.)<br>Series 2021<br>3.50%, 12/01/2051<sup>(a)</sup> |  | 3700 |  | 2664555 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023<br>5.00%, 12/01/2053<sup>(a)</sup> |  | 2000 |  | 2004102 |
|  Port of Greater Cincinnati Development Authority<br> (IDEA Greater Cincinnati)<br>Series 2021<br>4.375%, 06/15/2056 |  | 1000 |  | 987019 |
|  Toledo-Lucas County Port Authority<br> (ParkUToledo, Inc.)<br>Series 2021<br>4.00%, 01/01/2057 |  | 7065 |  | 5192339 |
|  |  |  |  | 49400046 |
|  **Oklahoma – 1.9%** | **Oklahoma – 1.9%** | **Oklahoma – 1.9%** | **Oklahoma – 1.9%** | **Oklahoma – 1.9%** |
|  Norman Regional Hospital Authority<br> (Norman Regional Hospital Authority Obligated Group)<br>Series 2019<br>3.25%, 09/01/2038 |  | 3295 |  | 2370078 |
|  Oklahoma Development Finance Authority<br> (OU Medicine Obligated Group)<br>Series 2018-B<br>5.00%, 08/15/2033 |  | 3165 |  | 3248804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/15/2052 |  | 3000 |  | 2856443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/15/2057 |  | 11290 |  | 10663612 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-A<br>5.50%, 08/15/2044 |  | 10000 |  | 9647958 |
|  Oklahoma Turnpike Authority<br> (Oklahoma Turnpike Authority)<br>Series 2025-A<br>5.50%, 01/01/2054 |  | 10000 |  | 10534077 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-B<br>5.00%, 01/01/2037<sup>(h)</sup> |  | 5340 |  | 5942250 |
|  Tulsa Municipal Airport Trust Trustees/OK<br> (American Airlines, Inc.)<br>Series 2025<br>6.25%, 12/01/2035 |  | 4255 |  | 4698428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 12/01/2040 |  | 2000 |  | 2166652 |
|  |  |  |  | 52128302 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Oregon – 0.6%** | **Oregon – 0.6%** | **Oregon – 0.6%** |
|  Clackamas County Hospital Facility Authority<br> (Rose Villa Obligated Group)<br>Series 2020-A<br>5.25%, 11/15/2050 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;893172 |
|  Multnomah County School District No. 40<br> (Multnomah County School District No. 40)<br>Series 2023-A<br>Zero Coupon, 06/15/2051 | 10000 | 2565229 |
|  Port of Portland OR Airport Revenue<br> (Port of Portland OR Airport Revenue)<br>Series 2025-2<br>5.25%, 07/01/2040<sup>(a) (b)</sup> | 10605 | 11156330 |
|  Umatilla County School District No. 6R Umatilla<br> (Umatilla County School District No. 6R Umatilla)<br>Series 2023-B<br>Zero Coupon, 06/15/2053 | 3000 | 659204 |
|  |  | 15273935 |
|  **Pennsylvania – 2.8%** | **Pennsylvania – 2.8%** | **Pennsylvania – 2.8%** |
|  Berks County Municipal Authority (The)<br> (Tower Health Obligated Group)<br>Series 2024<br>0.00%, 06/30/2044<sup>(g)</sup> | 4388 | 2796312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/30/2039 | 5710 | 5109954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 06/30/2039 | 3710 | 3278599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 06/30/2034 | 1360 | 1389429 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A<br>6.00%, 06/30/2034 | 640 | 665460 |
|  Bucks County Industrial Development Authority<br> (Grand View Hospital/Sellersville PA Obligated Group)<br>Series 2021<br>4.00%, 07/01/2051 | 5000 | 3822337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2040 | 1100 | 1102235 |
|  Chester County Industrial Development Authority<br> (Collegium Charter School)<br>Series 2022<br>5.625%, 10/15/2042<sup>(a)</sup> | 2750 | 2619767 |
|  Crawford County Hospital Authority<br> (Meadville Medical Center Obligated Group)<br>Series 2016-A<br>6.00%, 06/01/2046 | 7950 | 7954808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/01/2051 | 3715 | 3650763 |
|  Hospitals & Higher Education Facilities Authority of Philadelphia (The)<br> (Temple University Health System Obligated Group)<br>Series 2017<br>5.00%, 07/01/2032 | 1000 | 1015053 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Lancaster County Hospital Authority/PA<br> (St. Anne's Retirement Community Obligated Group)<br>Series 2020<br>5.00%, 03/01/2040 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;890332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/01/2045 |  | 500 |  | 410302 |
|  Pennsylvania Economic Development Financing Authority<br> (Commonwealth of Pennsylvania Dept. of Transportation)<br>AG Series 2022<br>5.75%, 12/31/2062 |  | 4000 |  | 4117596 |
|  Pennsylvania Economic Development Financing Authority<br> (Core Natural Resources)<br>Series 2025<br>5.45%, 01/01/2051<sup>(a)</sup> |  | 1000 |  | 1017478 |
|  Pennsylvania Economic Development Financing Authority<br> (Iron Cumberland LLC)<br>Series 2022<br>7.00%, 12/01/2029 |  | 8740 |  | 8774304 |
|  Pennsylvania Economic Development Financing Authority<br> (Noble Environmental, Inc.)<br>Series 2025<br>6.875%, 09/01/2047<sup>(a) (h)</sup> |  | 2000 |  | 1976034 |
|  Pennsylvania Economic Development Financing Authority<br> (Reworld Holding Corp.)<br>Series 2019<br>3.25%, 08/01/2039<sup>(a)</sup> |  | 1640 |  | 1254720 |
|  Philadelphia Authority for Industrial Development<br> (Greater Philadelphia Health Action)<br>Series 2015-A<br>6.375%, 06/01/2040 |  | 1300 |  | 1277909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 06/01/2045 |  | 2390 |  | 2297211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 06/01/2050 |  | 3870 |  | 3685657 |
|  Philadelphia Authority for Industrial Development<br> (Philadelphia Electrical & Technology Charter High School)<br>Series 2021<br>4.00%, 06/01/2051 |  | 3650 |  | 2690500 |
|  Scranton-Lackawanna Health & Welfare Authority<br> (Community Development Properties Scranton)<br>Series 2025<br>6.25%, 08/01/2053<sup>(e)</sup> |  | 11900 |  | 11572041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 08/01/2060<sup>(e)</sup> |  | 2350 |  | 2348038 |
|  |  |  |  | 75716839 |
|  **Puerto Rico – 8.6%** | **Puerto Rico – 8.6%** | **Puerto Rico – 8.6%** | **Puerto Rico – 8.6%** | **Puerto Rico – 8.6%** |
|  Children's Trust Fund<br> (Children's Trust Fund)<br>Series 2008-B<br>Zero Coupon, 05/15/2057 |  | 345000 |  | 9242274 |
|  Commonwealth of Puerto Rico<br> (Commonwealth of Puerto Rico)<br>Series 2021-A<br>Zero Coupon, 07/01/2033 |  | 21858 |  | 15280322 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-A<br>Zero Coupon, 11/01/2051 |  | 5173 |  | 2858064 |

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---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.00%, 11/01/2051 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35400 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10412750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.069%, 11/01/2051 | 16361 | 10614370 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-C<br>Zero Coupon, 11/01/2043 | 38583 | 24210994 |
|  GDB Debt Recovery Authority of Puerto Rico<br> (GDB Debt Recovery Authority of Puerto Rico)<br>Series 2018<br>7.50%, 08/20/2040 | 3008 | 2901612 |
|  Puerto Rico Commonwealth Aqueduct & Sewer Authority<br> (Puerto Rico Commonwealth Aqueduct & Sewer Authority)<br>Series 2020-A<br>5.00%, 07/01/2047<sup>(a)</sup> | 5500 | 5138543 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-B<br>5.00%, 07/01/2028<sup>(a)</sup> | 2550 | 2630303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2029<sup>(a)</sup> | 3850 | 4006526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2033<sup>(a)</sup> | 2835 | 2959990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2037<sup>(a)</sup> | 2530 | 2595853 |
|  Puerto Rico Electric Power Authority<br> (Puerto Rico Electric Power Authority)<br>Series 2007-T<br>5.00%, 07/01/2032<sup>(c) (d)</sup> | 7425 | 4909781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2037<sup>(c) (d)</sup> | 10045 | 6642256 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2008-W<br>5.00%, 07/01/2028<sup>(c) (d)</sup> | 7285 | 4817206 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2008WW<br>5.375%, 07/01/2024<sup>(c) (k)</sup> | 3700 | 2446625 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2010-A<br>5.25%, 07/01/2029<sup>(c) (d)</sup> | 2370 | 1567163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/01/2030<sup>(c) (d)</sup> | 390 | 257888 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2010-C<br>5.00%, 07/01/2024<sup>(c) (k)</sup> | 1530 | 1011713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/01/2027<sup>(c) (d)</sup> | 2550 | 1686188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/01/2028<sup>(c) (d)</sup> | 5255 | 3474869 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2010-X<br>5.25%, 07/01/2027<sup>(c) (d)</sup> | 3725 | 2463156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/01/2040<sup>(c) (d)</sup> | 10035 | 6635644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/01/2036<sup>(c) (d)</sup> | 2280 | 1507650 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2010DDD<br>5.00%, 07/01/2020<sup>(c) (k)</sup> | 1660 | 1097675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2021<sup>(c) (k)</sup> | 920 | 608350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2022<sup>(c) (k)</sup> | 610 | 403363 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2010ZZ<br>5.25%, 07/01/2018<sup>(c) (k)</sup> | 2500 | 1653125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/01/2019<sup>(c) (k)</sup> | 1715 | 1134044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/01/2022<sup>(c) (k)</sup> | 1565 | 1034856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/01/2024<sup>(c) (k)</sup> | 1570 | 1038163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/01/2025<sup>(c) (k)</sup> | 440 | 290950 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2012-A<br>5.00%, 07/01/2029<sup>(c) (d)</sup> | 3345 | 2211881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2042<sup>(c) (d)</sup> | 1000 | 661250 |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 07/01/2042<sup>(c) (d)</sup> | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1322500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2013-A<br>7.00%, 07/01/2033<sup>(c) (d)</sup> |  | 2200 |  | 1454750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 07/01/2040<sup>(c) (d)</sup> |  | 575 |  | 380219 |
| &nbsp;&nbsp;&nbsp;&nbsp; AG Series 2007-V<br>5.25%, 07/01/2031 |  | 14090 |  | 14222867 |
| &nbsp;&nbsp;&nbsp;&nbsp; NATL Series 2007-V<br>5.25%, 07/01/2029 |  | 245 |  | 247290 |
|  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Auth<br> (AES Puerto Rico LP)<br>Series 2023-A<br>6.625%, 01/01/2027 |  | 1321 |  | 1316492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 01/01/2028 |  | 10077 |  | 10048317 |
|  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Auth<br> (San Juan Cruise Port LLC)<br>Series 2024<br>6.75%, 01/01/2045 |  | 2000 |  | 2209479 |
|  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue<br> (Puerto Rico Sales Tax Financing Sales Tax Revenue)<br>Series 2018-A<br>Zero Coupon, 07/01/2027 |  | 274 |  | 257923 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 07/01/2029 |  | 1519 |  | 1332274 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 07/01/2046 |  | 57388 |  | 18027987 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 07/01/2051 |  | 40000 |  | 9266556 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-A<br>4.329%, 07/01/2040 |  | 21675 |  | 20055227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 07/01/2040 |  | 2637 |  | 2510836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2058 |  | 10000 |  | 9144793 |
|  |  |  |  | 232202907 |
|  **Rhode Island – 0.1%** | **Rhode Island – 0.1%** | **Rhode Island – 0.1%** | **Rhode Island – 0.1%** | **Rhode Island – 0.1%** |
|  Rhode Island Health & Educational Building Corp.<br> (Lifespan Obligated Group)<br>Series 2016<br>5.00%, 05/15/2033 |  | 1000 |  | 1004349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/15/2034 |  | 1600 |  | 1604334 |
|  |  |  |  | 2608683 |
|  **South Carolina – 1.5%** | **South Carolina – 1.5%** | **South Carolina – 1.5%** | **South Carolina – 1.5%** | **South Carolina – 1.5%** |
|  Columbia Housing Authority/SC<br> (Garden Lakes Apartments)<br>Series 2022<br>5.26%, 11/01/2032 |  | 415 |  | 409503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.41%, 11/01/2039 |  | 7515 |  | 6981970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.28%, 11/01/2039 |  | 330 |  | 307785 |
|  Greenville Housing Authority/SC<br> (Victor Verdae Apartments)<br>Series 2023<br>6.16%, 05/01/2063<sup>(a)</sup> |  | 5000 |  | 4321815 |
|  Last Step Recycling LLC<br> (Last Step Recycling LLC)<br>9.50%, 12/15/2028<sup>(e) (i) (j) (l)</sup> |  | 2364 |  | 2363805 |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  South Carolina Jobs-Economic Development Authority<br> (FAH Pelham LLC)<br>Series 2023<br>10.00%, 08/01/2039<sup>(a)</sup> | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172530 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-A<br>6.50%, 02/01/2056<sup>(a)</sup> |  | 5305 |  | 5313884 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-B<br>7.50%, 08/01/2047<sup>(a)</sup> |  | 2200 |  | 2105551 |
|  South Carolina Jobs-Economic Development Authority<br> (International Paper Co.)<br>Series 2023<br>4.00%, 04/01/2033 |  | 2000 |  | 2008810 |
|  South Carolina Jobs-Economic Development Authority<br> (Last Step Recycling LLC)<br>Series 2021<br>6.25%, 06/01/2040<sup>(c) (d) (e)</sup> |  | 3115 |  | 342650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 06/01/2051<sup>(c) (d) (e)</sup> |  | 3175 |  | 349250 |
|  South Carolina Jobs-Economic Development Authority<br> (Novant Health Obligated Group)<br>Series 2024<br>4.00%, 11/01/2042 |  | 1000 |  | 902593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 11/01/2044 |  | 10000 |  | 10270183 |
|  South Carolina Jobs-Economic Development Authority<br> (PSG Patriot's Place Apartments)<br>Series 2022<br>0.00%, 06/01/2052<sup>(g)</sup> |  | 6135 |  | 4245613 |
|  South Carolina Public Service Authority<br> (South Carolina Public Service Authority)<br>Series 2022<br>3.00%, 12/01/2043 |  | 1606 |  | 1135949 |
|  |  |  |  | 41231891 |
|  **South Dakota – 0.2%** | **South Dakota – 0.2%** | **South Dakota – 0.2%** | **South Dakota – 0.2%** | **South Dakota – 0.2%** |
|  County of Lincoln SD<br> (Augustana College Association/SD)<br>Series 2021<br>4.00%, 08/01/2041 |  | 1000 |  | 841405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 08/01/2051 |  | 3620 |  | 2731708 |
|  South Dakota Housing Development Authority<br> (Schuett Spearfish LP)<br>Series 2023<br>6.15%, 09/01/2039 |  | 1500 |  | 1498918 |
|  |  |  |  | 5072031 |
|  **Tennessee – 1.3%** | **Tennessee – 1.3%** | **Tennessee – 1.3%** | **Tennessee – 1.3%** | **Tennessee – 1.3%** |
|  Bristol Industrial Development Board<br> (Bristol Industrial Development Board Sales Tax)<br>Series 2016-A<br>5.125%, 12/01/2042<sup>(a)</sup> |  | 19305 |  | 17756387 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Knox County Industrial Development Board<br> (Tompaul Knoxville LLC)<br>Series 2022<br>9.25%, 11/01/2042<sup>(e)</sup> | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2350 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2274964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.50%, 11/01/2052<sup>(e)</sup> |  | 6860 |  | 6494492 |
|  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board<br> (Trousdale Foundation Obligated Group)<br>Series 2018<br>7.50%, 04/01/2049<sup>(c) (d) (e)</sup> |  | 100 |  | 10 |
|  Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd<br> (Trousdale Foundation Obligated Group)<br>Series 2018-A<br>6.25%, 04/01/2049<sup>(c) (d) (e) (i) (j)</sup> |  | 3544 |  | 42000 |
|  Shelby County Health Educational & Housing Facilities Board<br> (Village at Germantown)<br>Series 2014<br>5.25%, 12/01/2044 |  | 1075 |  | 928347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 12/01/2049 |  | 3250 |  | 2678116 |
|  Wilson County Health & Educational Facilities Board<br> (Limestone Trail Apartments)<br>Series 2021<br>4.00%, 12/01/2039 |  | 5765 |  | 4355303 |
|  |  |  |  | 34529619 |
|  **Texas – 7.7%** | **Texas – 7.7%** | **Texas – 7.7%** | **Texas – 7.7%** | **Texas – 7.7%** |
|  Abilene Convention Center Hotel Development Corp.<br> (City of Abilene TX Abilene Convention Center Revenue)<br>Series 2021-A<br>4.00%, 10/01/2050 |  | 2895 |  | 2123482 |
|  Arlington Higher Education Finance Corp.<br> (BASIS Texas Charter Schools)<br>Series 2025<br>5.75%, 06/15/2055<sup>(a) (h)</sup> |  | 1200 |  | 1173408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 06/15/2065<sup>(a) (h)</sup> |  | 1200 |  | 1175403 |
|  Arlington Higher Education Finance Corp.<br> (Magellan School/The)<br>Series 2022<br>6.25%, 06/01/2052<sup>(a)</sup> |  | 1100 |  | 1072099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 06/01/2062<sup>(a)</sup> |  | 3500 |  | 3412807 |
|  Arlington Higher Education Finance Corp.<br> (Uplift Education)<br>Series 2016-A<br>5.00%, 12/01/2046 |  | 2175 |  | 2016209 |
|  Baytown Municipal Development District<br> (Baytown Municipal Development District Baytown Convention Center Hotel Revenue Hotel Occupancy Tax)<br>Series 2021<br>5.00%, 10/01/2050<sup>(a)</sup> |  | 6205 |  | 4822920 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Board of Managers Joint Guadalupe County-City of Seguin Hospital<br> (Board of Managers Joint Guadalupe County-City of Seguin Hospital)<br>Series 2015<br>5.00%, 12/01/2040 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1411871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2045 | 1000 | 904596 |
|  Board of Regents of the University of Texas System<br> (Board of Regents of the University of Texas System)<br>Series 2025-B<br>5.00%, 08/15/2051 | 10000 | 10198668 |
|  Brazoria County Industrial Development Corp.<br> (Brazoria County Industrial Development)<br>10.00%, 06/01/2042<sup>(c) (d) (e) (i) (j)</sup> | 7968 | 797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.00%, 06/01/2043<sup>(c) (d) (e) (i) (j)</sup> | 937 | 94 |
|  City of Dallas Housing Finance Corp.<br> (DHFC The Briscoe Apartments)<br>Series 2022<br>Zero Coupon, 12/01/2062<sup>(a)</sup> | 69315 | 3826812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 12/01/2062 | 8080 | 7099683 |
|  City of Dallas Housing Finance Corp.<br> (DHFC The Dylan Apartments)<br>Series 2022<br>6.00%, 12/01/2062<sup>(a)</sup> | 3460 | 2991297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 12/01/2054<sup>(a)</sup> | 1400 | 1162004 |
|  City of Houston TX<br> (City of Houston TX Hotel Occupancy Tax)<br>Series 2015<br>5.00%, 09/01/2040 | 4715 | 4718830 |
|  City of Houston TX Airport System Revenue<br> (United Airlines, Inc.)<br>Series 2014<br>5.00%, 07/01/2029 | 10540 | 10540116 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B<br>5.50%, 07/15/2038 | 3520 | 3673698 |
|  City of San Antonio TX Electric & Gas Systems Revenue<br> (City of San Antonio TX Electric & Gas Systems Revenue)<br>Series 2024-E<br>5.25%, 02/01/2049 | 10000 | 10294416 |
|  Clifton Higher Education Finance Corp.<br> (Valor Texas Education Foundation)<br>Series 2023-A<br>6.00%, 06/15/2048<sup>(a)</sup> | 1000 | 907862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 06/15/2053<sup>(a)</sup> | 2000 | 1840666 |
|  Conroe Local Government Corp.<br> (Conroe Local Govt Conroe Convention Center Hotel)<br>Series 2021<br>4.00%, 10/01/2046 | 1160 | 988568 |
|  Dallas County Flood Control District No. 1<br> (Dallas County Flood Control District No. 1)<br>Series 2015<br>5.00%, 04/01/2032<sup>(a)</sup> | 2000 | 1993953 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  El Paso County Hospital District<br> (El Paso County Hospital District)<br>Series 2017<br>5.00%, 08/15/2033 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3940 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4006641 |
|  Hidalgo County Regional Mobility Authority<br> (Hidalgo County Regional Mobility Authority)<br>Series 2022-A<br>Zero Coupon, 12/01/2054 | 1585 | 302024 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-B<br>Zero Coupon, 12/01/2043 | 2965 | 1092333 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 12/01/2046 | 1000 | 300731 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 12/01/2055 | 5000 | 856252 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 12/01/2056 | 3325 | 537138 |
|  Irving Hospital Authority<br> (Baylor Medical Center at Irving)<br>Series 2017-A<br>5.00%, 10/15/2033 | 1055 | 1064699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/15/2034 | 1665 | 1677116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/15/2044 | 5375 | 5146453 |
|  Mission Economic Development Corp.<br> (Natgasoline LLC)<br>Series 2018<br>4.625%, 10/01/2031<sup>(a)</sup> | 10000 | 9980928 |
|  New Hope Cultural Education Facilities Finance Corp.<br> (Bella Vida Forefront Living Obligated Group)<br>Series 2025<br>4.25%, 10/01/2030 | 1000 | 1003549 |
|  New Hope Cultural Education Facilities Finance Corp.<br> (BSPV - Plano LLC)<br>Series 2023<br>0.00%, 12/31/2030<sup>(c) (d)</sup> | 736 | 471463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 12/31/2030<sup>(c) (d)</sup> | 4145 | 4083281 |
|  New Hope Cultural Education Facilities Finance Corp.<br> (Buckingham Senior Living Community Obligated Group)<br>Series 2021<br>2.00%, 11/16/2061<sup>(c) (d) (g)</sup> | 9781 | 2487041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 11/15/2036<sup>(c) (d)</sup> | 2265 | 1848217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 11/15/2037<sup>(c) (d)</sup> | 365 | 284635 |
|  New Hope Cultural Education Facilities Finance Corp.<br> (Dwyer Workforce Development)<br>Series 2023<br>8.50%, 09/01/2027<sup>(e)</sup> | 8015 | 8023796 |
|  New Hope Cultural Education Facilities Finance Corp.<br> (Legacy at Midtown Park Obligated Group)<br>Series 2018-A<br>5.50%, 07/01/2054 | 3000 | 2370556 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>6.75%, 07/01/2044 | 2190 | 2161446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 07/01/2056 | 1000 | 981488 |

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---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  New Hope Cultural Education Facilities Finance Corp.<br> (Longhorn Village)<br>Series 2017<br>5.00%, 01/01/2037 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2285 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2285862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2042 | 7485 | 7134686 |
|  New Hope Cultural Education Facilities Finance Corp.<br> (Morningside Ministries Obligated Group)<br>Series 2020<br>5.00%, 01/01/2055 | 1680 | 1328096 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022<br>4.00%, 01/01/2047 | 1300 | 928220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 01/01/2057 | 5000 | 3348148 |
|  New Hope Cultural Education Facilities Finance Corp.<br> (Outlook at Windhaven Forefront Living Obligated Group)<br>Series 2022<br>6.875%, 10/01/2057 | 5000 | 4711121 |
|  New Hope Cultural Education Facilities Finance Corp.<br> (SLF CHP LLC)<br>Series 2025<br>6.25%, 07/01/2045<sup>(a)</sup> | 3000 | 2728910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 07/01/2056<sup>(a)</sup> | 3510 | 3137656 |
|  New Hope Cultural Education Facilities Finance Corp.<br> (Wesleyan Homes Obligated Group)<br>Series 2019<br>5.00%, 01/01/2055 | 2200 | 1666116 |
|  Newark Higher Education Finance Corp.<br> (TLC Academy)<br>Series 2021-A<br>4.00%, 08/15/2051 | 1275 | 944834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 08/15/2056 | 1380 | 990696 |
|  Port of Beaumont Navigation District<br> (Jefferson 2020 Bond Lessee & Borrower Obligated Group)<br>Series 2024<br>5.00%, 01/01/2039<sup>(a)</sup> | 2315 | 2173320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 01/01/2044<sup>(a)</sup> | 3000 | 2721929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/01/2054<sup>(a)</sup> | 2000 | 1767427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 07/01/2026<sup>(a)</sup> | 2000 | 2011800 |
|  Tarrant County Cultural Education Facilities Finance Corp.<br> (Stayton at Museum Way)<br>Series 2024-A<br>5.75%, 12/01/2054 | 12026 | 9812773 |
|  Tarrant County Cultural Education Facilities Finance Corp.<br> (Tarrant County Cultural Education Facilities Finance)<br>5.00%, 11/15/2036<sup>(c) (d) (i) (j)</sup> | 920 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/15/2045<sup>(c) (d) (i) (j)</sup> | 2115 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 11/15/2047<sup>(c) (d) (i) (j)</sup> | 678 | 0 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Texas Municipal Gas Acquisition & Supply Corp. IV<br> (BP PLC)<br>Series 2023-2<br>5.50%, 01/01/2054<sup>(a) (b)</sup> | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10895 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11621141 |
|  Texas Municipal Gas Acquisition & Supply Corp. V<br> (Bank of America Corp.)<br>Series 2025-2<br>0.05%, 01/01/2055<sup>(a) (b)</sup> |  | 10000 |  | 10638445 |
|  Texas Private Activity Bond Surface Transportation Corp.<br> (NTE Mobility Partners LLC)<br>Series 2023<br>5.50%, 12/31/2058 |  | 10000 |  | 10072244 |
|  |  |  |  | 207053470 |
|  **Utah – 1.4%** | **Utah – 1.4%** | **Utah – 1.4%** | **Utah – 1.4%** | **Utah – 1.4%** |
|  Black Desert Public Infrastructure District<br> (Black Desert Public Infrastructure District Black Desert Assessment Area No. 1)<br>Series 2024<br>5.625%, 12/01/2053<sup>(a)</sup> |  | 2200 |  | 2129792 |
|  County of Utah UT<br> (Intermountain Healthcare Obligated Group)<br>Series 2022-2<br>5.00%, 05/15/2043<sup>(a) (b)</sup> |  | 5000 |  | 5063833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/15/2050<sup>(a) (b)</sup> |  | 8000 |  | 7958504 |
|  Grapevine Wash Local District<br> (Grapevine Wash Local District Assessment Area No. 1)<br>Series 2024-A<br>5.25%, 12/01/2044<sup>(a)</sup> |  | 3000 |  | 2779881 |
|  Grapevine Wash Local District<br> (Grapevine Wash Local District Residential Facilities Fee Revenue)<br>Series 2024-A<br>6.00%, 03/01/2055<sup>(a)</sup> |  | 2000 |  | 1765521 |
|  MIDA Mountain Veterans Program Public Infrastructure District<br> (MIDA Mountain Veterans Program Public Infrastructure District)<br>Series 2024<br>5.20%, 06/01/2054<sup>(a)</sup> |  | 1000 |  | 917485 |
|  Mida Mountain Village Public Infrastructure District<br> (Military Installation Development Auth Military Recreation Fac Project Area)<br>Series 2024-1<br>5.125%, 06/15/2054<sup>(a)</sup> |  | 1000 |  | 916071 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-2<br>6.00%, 06/15/2054<sup>(a)</sup> |  | 1000 |  | 991423 |
|  Military Installation Development Authority<br> (Military Installation Development Auth Military Recreation Fac Project Area)<br>Series 2021-A<br>4.00%, 06/01/2052 |  | 3000 |  | 2314194 |

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------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Point Phase 1 Public Infrastructure District No. 1<br> (Point Phase 1 Public Infrastructure District No. 1)<br>Series 2025<br>8.50%, 03/15/2055 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2200 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2140365 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A<br>0.00%, 03/01/2055<sup>(g)</sup> |  | 1250 |  | 954462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/01/2045 |  | 1000 |  | 1000487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 03/01/2055 |  | 1820 |  | 1838658 |
|  Utah Housing Corp.<br> (Utah Housing Corp.)<br>Series 2020<br>4.58%, 01/01/2040<sup>(a) (g)</sup> |  | 3183 |  | 2632994 |
|  Wakara Ridge Public Infrastructure District<br> (Wakara Ridge Public Infrastructure District Wakara Ridge Assessment Area)<br>Series 2025<br>5.625%, 12/01/2054<sup>(a)</sup> |  | 1000 |  | 984053 |
|  Wohali Public Infrastructure District No. 1<br> (Wohali Public Infrastructure District No. 1 Assessment Area No. 1)<br>Series 2023<br>7.00%, 12/01/2042<sup>(a)</sup> |  | 2000 |  | 2035001 |
|  Wolf Creek Infrastructure Financing District No. 1<br> (Wolf Creek Infrastructure Financing District No. 1 Wolf Creek Assessment Area 1)<br>Series 2025<br>5.75%, 12/01/2044 |  | 1900 |  | 1877694 |
|  |  |  |  | 38300418 |
|  **Vermont – 0.1%** | **Vermont – 0.1%** | **Vermont – 0.1%** | **Vermont – 0.1%** | **Vermont – 0.1%** |
|  Vermont Educational & Health Buildings Financing Agency<br> (St. Michael's College)<br>Series 2023<br>5.50%, 10/01/2043<sup>(a)</sup> |  | 1500 |  | 1301128 |
|  **Virginia – 2.3%** | **Virginia – 2.3%** | **Virginia – 2.3%** | **Virginia – 2.3%** | **Virginia – 2.3%** |
|  Atlantic Park Community Development Authority<br> (Atlantic Park Community Development Authority District)<br>Series 2023<br>6.25%, 08/01/2045<sup>(a)</sup> |  | 6410 |  | 5801654 |
|  Richmond Redevelopment & Housing Authority<br> (American Tobacco Holdings)<br>Series 2017<br>5.55%, 01/01/2037<sup>(a)</sup> |  | 1230 |  | 1166610 |
|  Tobacco Settlement Financing Corp./VA<br> (Tobacco Settlement Financing Corp./VA)<br>Series 2007-B1<br>5.00%, 06/01/2047 |  | 28805 |  | 23946006 |
|  US Bank Trust Co. NA<br> (Park Landing LP)<br>Series 2022-B<br>5.90%, 08/01/2052 |  | 6700 |  | 5892241 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Virginia College Building Authority<br> (Marymount University)<br>Series 2015<br>5.00%, 07/01/2045<sup>(a)</sup> | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3060610 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2015-A<br>5.00%, 07/01/2035<sup>(a)</sup> |  | 1200 |  | 1044508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2045<sup>(a)</sup> |  | 3110 |  | 2379624 |
|  Virginia Small Business Financing Authority<br> (P3 VB Holdings LLC)<br>Series 2023<br>8.50%, 12/01/2052<sup>(a)</sup> |  | 4465 |  | 4105255 |
|  Virginia Small Business Financing Authority<br> (Total Fiber Recovery @ Chesapeake)<br>Series 2022<br>8.50%, 06/01/2042<sup>(c) (d) (e)</sup> |  | 10000 |  | 8000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.531% (SOFR + 5.50%), 06/01/2029<sup>(c) (d) (e) (m)</sup> |  | 8500 |  | 6800000 |
|  |  |  |  | 62196508 |
|  **Washington – 2.2%** | **Washington – 2.2%** | **Washington – 2.2%** | **Washington – 2.2%** | **Washington – 2.2%** |
|  Central Puget Sound Regional Transit Authority<br> (Central Puget Sound Regional Transit Auth Sales Motor Vehicle & Rental Car Tax)<br>Series 2016-S<br>5.00%, 11/01/2046 |  | 10000 |  | 10679038 |
|  Grays Harbor County Public Hospital District No. 1<br> (Grays Harbor County Public Hospital District No. 1)<br>Series 2023<br>6.875%, 12/01/2053 |  | 1000 |  | 1075091 |
|  King County Public Hospital District No. 4<br> (King County Public Hospital District No. 4)<br>Series 2015-A<br>5.00%, 12/01/2038 |  | 5700 |  | 5517534 |
|  Port of Seattle WA<br> (Port of Seattle WA)<br>Series 2020-2<br>5.00%, 04/01/2044<sup>(a) (b)</sup> |  | 10000 |  | 9862316 |
|  Vancouver Housing Authority<br> (Vancouver Housing Authority)<br>Series 2025<br>4.25%, 02/01/2038 |  | 3970 |  | 3860147 |
|  Washington Health Care Facilities Authority<br> (Fred Hutchinson Cancer Center Obligated Group)<br>Series 2021<br>3.00%, 12/01/2035<sup>(a)</sup> |  | 440 |  | 394076 |
|  Washington Health Care Facilities Authority<br> (Overlake Hospital Medical Center Obligated Group)<br>Series 2017-B<br>5.00%, 07/01/2033 |  | 2835 |  | 2889702 |
|  Washington State Housing Finance Commission<br> (Presbyterian Retirement Communities Northwest Obligated Group)<br>Series 2016<br>4.00%, 01/01/2026<sup>(a)</sup> |  | 810 |  | 810146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2036<sup>(a)</sup> |  | 2200 |  | 2204092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2046<sup>(a)</sup> |  | 4425 |  | 3964400 |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-A<br>5.00%, 01/01/2044<sup>(a)</sup> | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;440 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;402339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2049<sup>(a)</sup> |  | 1000 |  | 877616 |
|  Washington State Housing Finance Commission<br> (Riverview Retirement Community Obligated Group)<br>Series 2012<br>5.00%, 01/01/2048 |  | 5095 |  | 4453860 |
|  Washington State Housing Finance Commission<br> (Seattle Academy of Arts & Sciences)<br>Series 2023<br>6.375%, 07/01/2063<sup>(a)</sup> |  | 2960 |  | 3139287 |
|  Washington State Housing Finance Commission<br> (WSHFC 2021-1)<br>Series 2021-1, Class A<br>3.50%, 12/20/2035 |  | 9490 |  | 8954499 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1, Class X<br>0.727%, 12/20/2035<sup>(f)</sup> |  | 7491 |  | 291570 |
|  Washington State Housing Finance Commission<br> (WSHFC 2024-1)<br>Series 2024-1, Class A<br>4.221%, 03/01/2050 |  | 1293 |  | 1212992 |
|  |  |  |  | 60588705 |
|  **West Virginia – 0.5%** | **West Virginia – 0.5%** | **West Virginia – 0.5%** | **West Virginia – 0.5%** | **West Virginia – 0.5%** |
|  City of South Charleston WV<br> (City of South Charleston WV South Charleston Park Place Excise Tax District)<br>Series 2022<br>4.50%, 06/01/2050<sup>(a)</sup> |  | 1000 |  | 777555 |
|  County of Monongalia WV<br> (Monongalia County Building Commission Development District No. 4)<br>Series 2023<br>5.00%, 06/01/2033<sup>(a)</sup> |  | 395 |  | 408569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/01/2053<sup>(a)</sup> |  | 875 |  | 894391 |
|  Monongalia County Commission Excise Tax District<br> (Monongalia County Commission Excise Tax District)<br>Series 2021-A<br>4.125%, 06/01/2043<sup>(a)</sup> |  | 2075 |  | 1719203 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023<br>0.00%, 06/01/2053<sup>(a) (g)</sup> |  | 5070 |  | 1033953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 06/01/2043<sup>(a)</sup> |  | 430 |  | 438982 |
|  West Virginia Economic Development Authority<br> (Core Natural Resources)<br>Series 2025<br>5.45%, 01/01/2055<sup>(a)</sup> |  | 1000 |  | 1017330 |
|  West Virginia Economic Development Authority<br> (Wyoming County Coal LLC)<br>Series 2023<br>9.00%, 06/01/2038<sup>(e)</sup> |  | 8000 |  | 7200000 |
|  |  |  |  | 13489983 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Wisconsin – 7.8%** |  |  |
|  KDC Agribusiness LLC<br> (KDC Agribusiness LLC)<br>12.00%, 09/14/2023<sup>(c) (i) (j) (k)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3409 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
|  St. Croix Chippewa Indians of Wisconsin<br> (St. Croix Chippewa Indians of Wisconsin)<br>Series 2021<br>5.00%, 09/30/2041<sup>(a)</sup> | 6175 | 5302805 |
|  Wisconsin Center District<br> (Wisconsin Center District Ded Tax)<br>Series 2022<br>5.25%, 12/15/2061<sup>(a)</sup> | 2000 | 1842343 |
|  Wisconsin Center District<br> (Wisconsin Center District)<br>AG Series 2020-D<br>Zero Coupon, 12/15/2050 | 44075 | 11966949 |
|  Wisconsin Health & Educational Facilities Authority<br> (Chiara Housing & Services Obligated Group)<br>Series 2024<br>5.875%, 07/01/2055 | 1675 | 1591755 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>6.625%, 07/01/2060 | 2000 | 2027717 |
|  Wisconsin Health & Educational Facilities Authority<br> (Oakwood Lutheran Senior Ministries Obligated Group)<br>Series 2021<br>4.00%, 01/01/2047 | 2400 | 1868771 |
|  Wisconsin Housing & Economic Development Authority<br> (Roers Sun Prairie Apartments Owner)<br>Series 2022<br>4.625%, 03/15/2040<sup>(a)</sup> | 1605 | 1363630 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-A<br>3.875%, 12/01/2039<sup>(a)</sup> | 7370 | 6218313 |
|  Wisconsin Public Finance Authority<br> (21st Century Public Academy)<br>Series 2020<br>5.00%, 06/01/2040<sup>(a)</sup> | 750 | 656568 |
|  Wisconsin Public Finance Authority<br> (Absolute Awakenings)<br>Series 2025-A<br>7.00%, 01/01/2045<sup>(a)</sup> | 1000 | 1025566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 01/01/2061<sup>(a)</sup> | 2710 | 2780604 |
|  Wisconsin Public Finance Authority<br> (Alpha Ranch Water Control & Improvement District of Denton & Wise Counties)<br>Series 2024<br>Zero Coupon, 12/15/2038<sup>(a)</sup> | 5000 | 2251196 |
|  Wisconsin Public Finance Authority<br> (Bancroft Neurohealth Obligated Group)<br>Series 2016<br>5.125%, 06/01/2048<sup>(a)</sup> | 8770 | 7809810 |
|  Wisconsin Public Finance Authority<br> (Catholic Bishop of Chicago/The)<br>Series 2021<br>5.75%, 07/25/2041<sup>(e)</sup> | 27000 | 24491376 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Wisconsin Public Finance Authority<br> (CFC-SA LLC)<br>Series 2022<br>5.00%, 02/01/2052 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7250 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6775277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/01/2052<sup>(a)</sup> | 8500 | 8526040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 02/01/2062<sup>(a)</sup> | 7850 | 7945204 |
|  Wisconsin Public Finance Authority<br> (Crossroads Health Project)<br>Series 2023<br>8.00%, 07/01/2053<sup>(e)</sup> | 5500 | 5290877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 07/01/2058<sup>(e)</sup> | 5500 | 5292438 |
|  Wisconsin Public Finance Authority<br> (FAH Tree House LLC)<br>Series 2023<br>6.50%, 08/01/2053<sup>(a)</sup> | 6975 | 6415631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 02/01/2046<sup>(a)</sup> | 4750 | 3963791 |
|  Wisconsin Public Finance Authority<br> (Foundation Academy Charter School A NJ Nonprofit)<br>Series 2024<br>4.75%, 07/01/2045<sup>(a)</sup> | 1800 | 1569166 |
|  Wisconsin Public Finance Authority<br> (Gannon University)<br>Series 2017<br>5.00%, 05/01/2047 | 1000 | 899352 |
|  Wisconsin Public Finance Authority<br> (Heritage Bend Project)<br>Series 2025<br>Zero Coupon, 12/15/2042<sup>(a)</sup> | 13360 | 3877862 |
|  Wisconsin Public Finance Authority<br> (Inperium Obligated Group)<br>Series 2024<br>5.75%, 12/01/2054<sup>(a)</sup> | 2550 | 2432848 |
|  Wisconsin Public Finance Authority<br> (KDC Agribusiness LLC)<br>Series 2022<br>15.00%, 04/30/2023<sup>(c) (e) (i) (j) (k)</sup> | 7500 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023<br>15.00%, 04/30/2023<sup>(c) (e) (i) (j) (k)</sup> | 1815 | 18 |
|  Wisconsin Public Finance Authority<br> (Lackland Project)<br>Series 2024<br>Zero Coupon, 02/01/2031 | 3488 | 2403177 |
|  Wisconsin Public Finance Authority<br> (Lehigh Valley Health Network)<br>Series 2023<br>6.625%, 12/01/2032<sup>(a)</sup> | 1000 | 1001610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 12/01/2042<sup>(a)</sup> | 2370 | 2357912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 12/01/2052<sup>(a)</sup> | 2060 | 2070954 |
|  Wisconsin Public Finance Authority<br> (McLemore Resort Manager)<br>Series 2021<br>4.50%, 06/01/2056<sup>(a)</sup> | 6640 | 4847200 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Wisconsin Public Finance Authority<br> (Montgomery County Municipal Utility District Nos 123 & 153)<br>Series 2024<br>Zero Coupon, 12/15/2034<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1145903 |
|  Wisconsin Public Finance Authority<br> (North San Gabriel Municipal Utility District No. 1)<br>Series 2023<br>Zero Coupon, 09/01/2029<sup>(a)</sup> | 2225 | 1670199 |
|  Wisconsin Public Finance Authority<br> (Prerefunded - US Treasuries)<br>Series 2020<br>5.00%, 04/01/2050<sup>(a)</sup> | 40 | 43909 |
|  Wisconsin Public Finance Authority<br> (Puerto Rico Tollroads LLC)<br>Series 2024<br>5.75%, 07/01/2049 | 4475 | 4448168 |
|  Wisconsin Public Finance Authority<br> (QCF Behavioral Hospitals I Obligated Group)<br>Series 2024<br>7.50%, 07/01/2059<sup>(a)</sup> | 3000 | 3276759 |
|  Wisconsin Public Finance Authority<br> (RBS Evolution LLC)<br>Series 2023<br>10.00%, 11/01/2038<sup>(a)</sup> | 6000 | 6736860 |
|  Wisconsin Public Finance Authority<br> (Samaritan Housing Foundation Obligated Group)<br>Series 2021<br>4.00%, 06/01/2056<sup>(a)</sup> | 16500 | 10936245 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022<br>4.00%, 06/01/2049<sup>(a)</sup> | 3970 | 2773626 |
|  Wisconsin Public Finance Authority<br> (Seabury Retirement Community)<br>Series 2015-A<br>5.00%, 09/01/2038<sup>(a)</sup> | 1725 | 1693409 |
|  Wisconsin Public Finance Authority<br> (Signorelli Projects)<br>Series 2024<br>5.375%, 12/15/2032<sup>(a)</sup> | 908 | 908023 |
|  Wisconsin Public Finance Authority<br> (Southeast Overtown Park West Community Redevelopment Agency)<br>Series 2024<br>5.00%, 06/01/2041<sup>(a)</sup> | 4000 | 3905273 |
|  Wisconsin Public Finance Authority<br> (SR 400 Peach Partners LLC)<br>Series 2025<br>5.75%, 06/30/2060 | 10000 | 9792929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 06/30/2060 | 2000 | 2114308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 12/31/2065 | 3000 | 3155344 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2<br>5.75%, 12/31/2065<sup>(a) (b)</sup> | 10000 | 9769278 |
|  Wisconsin Public Finance Authority<br> (Triad Math & Science Academy)<br>Series 2025<br>5.25%, 06/15/2065 | 1200 | 1083426 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Wisconsin Public Finance Authority<br> (UMA Education, Inc.)<br>Series 2019<br>5.00%, 10/01/2039<sup>(a)</sup> | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5095 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4963167 |
|  Wisconsin Public Finance Authority<br> (Washoe Barton Medical Clinic)<br>Series 2021<br>4.00%, 12/01/2041<sup>(a)</sup> |  | 2500 |  | 2143604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 12/01/2051<sup>(a)</sup> |  | 1500 |  | 1155945 |
|  Wisconsin Public Finance Authority<br> (WFCS Holdings II LLC)<br>Series 2021-A1<br>5.00%, 01/01/2056<sup>(a)</sup> |  | 1150 |  | 922594 |
|  |  |  |  | 209505729 |
|  Total Long-Term Municipal Bonds<br>(cost $3,367,401,235) | Total Long-Term Municipal Bonds<br>(cost $3,367,401,235) | Total Long-Term Municipal Bonds<br>(cost $3,367,401,235) |  | 3008037000 |
|  **Short-Term Municipal Notes – 0.0%** | **Short-Term Municipal Notes – 0.0%** | **Short-Term Municipal Notes – 0.0%** | **Short-Term Municipal Notes – 0.0%** | **Short-Term Municipal Notes – 0.0%** |
|  **Pennsylvania – 0.0%** | **Pennsylvania – 0.0%** | **Pennsylvania – 0.0%** | **Pennsylvania – 0.0%** | **Pennsylvania – 0.0%** |
|  Scranton-Lackawanna Health & Welfare Authority<br> (Community Development Properties Scranton)<br>Series 2025<br>6.25%, 08/01/2026<sup>(e)</sup><br>(cost $185,000) |  | 185 |  | 185014 |
|  Total Municipal Obligations<br>(cost $3,367,586,235) |  |  |  | 3008222014 |
|  **CORPORATES - NON-INVESTMENT GRADE – 0.7%** | **CORPORATES - NON-INVESTMENT GRADE – 0.7%** | **CORPORATES - NON-INVESTMENT GRADE – 0.7%** | **CORPORATES - NON-INVESTMENT GRADE – 0.7%** | **CORPORATES - NON-INVESTMENT GRADE – 0.7%** |
|  **Financial Institutions – 0.1%** | **Financial Institutions – 0.1%** | **Financial Institutions – 0.1%** | **Financial Institutions – 0.1%** | **Financial Institutions – 0.1%** |
|  **REITs – 0.1%** | **REITs – 0.1%** | **REITs – 0.1%** | **REITs – 0.1%** | **REITs – 0.1%** |
|  Bridgewater Castle Rock ALF LLC<br>9.50%, 09/30/2025<sup>(j)</sup> |  | 2545 |  | 2545000 |
|  **Industrial – 0.6%** | **Industrial – 0.6%** | **Industrial – 0.6%** | **Industrial – 0.6%** | **Industrial – 0.6%** |
|  **Communications - Media – 0.3%** | **Communications - Media – 0.3%** | **Communications - Media – 0.3%** | **Communications - Media – 0.3%** | **Communications - Media – 0.3%** |
|  CCO Holdings LLC/CCO Holdings Capital Corp.<br>4.25%, 01/15/2034<sup>(a)</sup> |  | 7730 |  | 6713118 |
|  **Consumer Cyclical - Entertainment – 0.3%** | **Consumer Cyclical - Entertainment – 0.3%** | **Consumer Cyclical - Entertainment – 0.3%** | **Consumer Cyclical - Entertainment – 0.3%** | **Consumer Cyclical - Entertainment – 0.3%** |
|  Wild Rivers Water Park<br>8.50%, 11/01/2051<sup>(i) (j)</sup> |  | 13775 |  | 8456758 |
|  **Services – 0.0%** | **Services – 0.0%** | **Services – 0.0%** | **Services – 0.0%** | **Services – 0.0%** |
|  Trousdale Issuer LLC<br>Series A<br>6.50%, 04/01/2025<sup>(c) (i) (j) (k)</sup> |  | 4179 |  | 49910 |
|  |  |  |  | 15219786 |
|  Total Corporates - Non-Investment Grade<br>(cost $25,108,000) | Total Corporates - Non-Investment Grade<br>(cost $25,108,000) | Total Corporates - Non-Investment Grade<br>(cost $25,108,000) |  | 17764786 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **CORPORATES - INVESTMENT GRADE – 0.2%** | **CORPORATES - INVESTMENT GRADE – 0.2%** | **CORPORATES - INVESTMENT GRADE – 0.2%** |
|  **Financial Institutions – 0.2%** | **Financial Institutions – 0.2%** | **Financial Institutions – 0.2%** |
|  **Banking – 0.2%** | **Banking – 0.2%** | **Banking – 0.2%** |
|  Citigroup, Inc. Series Z<br>7.375%, 05/15/2028<sup>(n)</sup><br>(cost $6,136,186) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6300 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6555402 |
|  **COMMERCIAL MORTGAGE-BACKED SECURITIES – 0.1%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES – 0.1%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES – 0.1%** |
|  **Agency CMBS – 0.0%** | **Agency CMBS – 0.0%** | **Agency CMBS – 0.0%** |
|  California Housing Finance Agency<br>Series 2021-3, Class X<br>0.792%, 08/20/2036<sup>(f)</sup> | 13422 | 607585 |
|  Federal Home Loan Mortgage Corp. Multifamily ML Certificates<br>Series 2022-ML13, Class XCA<br>0.964%, 07/25/2036<sup>(f)</sup> | 6416 | 344442 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-ML13, Class XUS<br>1.005%, 09/25/2036<sup>(f)</sup> | 11428 | 766152 |
|  |  | 1718179 |
|  **Non-Agency Fixed Rate CMBS – 0.1%** | **Non-Agency Fixed Rate CMBS – 0.1%** | **Non-Agency Fixed Rate CMBS – 0.1%** |
|  New Hampshire Business Finance Authority<br>Series 2022-2, Class X<br>0.69%, 10/01/2036<sup>(f)</sup> | 9608 | 408982 |
|  Washington State Housing Finance Commission<br>Series 2023-1, Class X<br>1.495%, 04/20/2037<sup>(f)</sup> | 19656 | 1929900 |
|  |  | 2338882 |
|  Total Commercial Mortgage-Backed Securities<br>(cost $3,994,693) | Total Commercial Mortgage-Backed Securities<br>(cost $3,994,693) | 4057061 |
|  | **Shares** |  |
|  **PREFERRED STOCKS – 0.0%** | **PREFERRED STOCKS – 0.0%** | **PREFERRED STOCKS – 0.0%** |
|  **Utility – 0.0%** | **Utility – 0.0%** | **Utility – 0.0%** |
|  **Electric – 0.0%** | **Electric – 0.0%** | **Electric – 0.0%** |
|  AES Guayama Holdings<br>0.00%<sup>(c) (i) (j)</sup><br>(cost $4,015,771) | 221631 | 644946 |
|  | **Principal<br>Amount<br>(000)** |  |
|  **ASSET-BACKED SECURITIES – 0.0%** | **ASSET-BACKED SECURITIES – 0.0%** | **ASSET-BACKED SECURITIES – 0.0%** |
|  **Other ABS - Floating Rate – 0.0%** | **Other ABS - Floating Rate – 0.0%** | **Other ABS - Floating Rate – 0.0%** |
|  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Auth<br>12.50% (PRIME 1 Month + 4.00%), 03/04/2026<sup>(i) (j) (m)</sup><br>(cost $73,653) | $74 | 71729 |

---

------

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **SHORT-TERM INVESTMENTS – 0.2%** | **SHORT-TERM INVESTMENTS – 0.2%** | **SHORT-TERM INVESTMENTS – 0.2%** |
|  **Investment Companies – 0.2%** | **Investment Companies – 0.2%** | **Investment Companies – 0.2%** |
|  AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 4.14%<sup>(o) (p) (q)</sup><br>(cost $4,707,344) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4707344 | $4707344 |
|  **Total Investments – 112.8%**<br> (cost $3,411,621,882)<sup>(r)</sup> | **Total Investments – 112.8%**<br> (cost $3,411,621,882)<sup>(r)</sup> | 3042023282 |
|  Other assets less liabilities – (12.8)% | Other assets less liabilities – (12.8)% | (345804240) |
|  **Net Assets – 100.0%** | **Net Assets – 100.0%** | $**2696219042** |

---

**CENTRALLY CLEARED CREDIT DEFAULT SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Fixed<br>Rate<br>(Pay)<br>Receive** | **Payment<br>Frequency** | **Implied<br>Credit<br>Spread at<br>August 31,<br>2025** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | **Market<br>Value** | **Upfront<br>Premiums <br>Paid<br>(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-NAHY Series 44, 5 Year Index, 06/20/2030\* | (5.00)% | Quarterly | 3.21% | USD | 116630 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9569819) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5362179) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4207640) |

---

*\** *Termination date* 

**CENTRALLY CLEARED INFLATION (CPI) SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | **Rate Type** | **Rate Type** | | | | |
| **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** |<br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| USD | 146320 | 10/15/2028 | CPI# | 2.565% | Maturity | $(1525000) | $— | $(1525000) |
| USD | 126000 | 10/15/2029 | 2.569% | CPI# | Maturity | 1124890 |  | 1124890 |
| USD | 124000 | 10/15/2029 | 2.485% | CPI# | Maturity | 1608157 |  | 1608157 |
| USD | 100062 | 10/15/2029 | 2.516% | CPI# | Maturity | 1148267 |  | 1148267 |
| USD | 99969 | 10/15/2029 | 2.451% | CPI# | Maturity | 1458838 |  | 1458838 |
| USD | 99969 | 10/15/2029 | 2.499% | CPI# | Maturity | 1229096 |  | 1229096 |
| USD | 153680 | 10/15/2030 | CPI# | 2.531% | Maturity | (1547365) |  | (1547365) |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3496883 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3496883 |

---

*#* *Variable interest rate based on the rate of inflation as determined by the Consumer Price Index (CPI).* 

------

**CENTRALLY CLEARED INTEREST RATE SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | **Rate Type** | **Rate Type** | | | | |
| **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | <br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| USD | 100700 | 01/15/2027 | 1 Day SOFR | 3.528% | Annual | $(597457) | $— | $(597457) |
| USD | 40545 | 10/15/2029 | 1 Day SOFR | 3.814% | Annual | 596255 |  | 596255 |
| USD | 26377 | 10/15/2029 | 1 Day SOFR | 3.761% | Annual | 319726 |  | 319726 |
| USD | 9000 | 04/30/2030 | 1 Day SOFR | 3.075% | Annual | (138648) |  | (138648) |
| USD | 68800 | 10/15/2030 | 1 Day SOFR | 4.082% | Annual | 2252856 |  | 2252856 |
| USD | 34700 | 10/15/2030 | 1 Day SOFR | 4.092% | Annual | 1146518 |  | 1146518 |
| USD | 88000 | 07/31/2031 | 1 Day SOFR | 4.059% | Annual | 3012018 | 8227 | 3003791 |
| USD | 69100 | 12/03/2031 | 1 Day SOFR | 4.088% | Annual | 2405566 |  | 2405566 |
| USD | 77500 | 03/12/2032 | 1 Day SOFR | 3.772% | Annual | 1333442 |  | 1333442 |
| USD | 43460 | 08/15/2034 | 3.194% | 1 Day SOFR | Annual | 1489268 |  | 1489268 |
| USD | 16300 | 02/15/2035 | 3.603% | 1 Day SOFR | Annual | 119252 | (1208) | 120460 |
| USD | 15000 | 02/15/2041 | 1 Day SOFR | 2.832% | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2128873) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2128873) |
|  |  |  |  |  |  | $9809923 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7019 | $9802904 |

---

**INTEREST RATE SWAPS** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | **Rate Type** | **Rate Type** | | | | |
| <br>**Swap Counterparty** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | <br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| Bank of America NA | USD | 10000 | 11/06/2025 | MMD 10 Year^ | 3.220% | Maturity | $(30952) | $— | $(30952) |
| Bank of America NA | USD | 10000 | 03/12/2026 | MMD 10 Year^ | 3.350% | Maturity | (70714) |  | (70714) |
| Bank of America NA | USD | 10000 | 05/06/2026 | MMD 10 Year^ | 3.660% | Maturity | 187455 |  | 187455 |
| Bank of America NA | USD | 15000 | 06/25/2026 | MMD 10 Year^ | 3.570% | Maturity | 89410 |  | 89410 |
| Bank of America NA | USD | 10000 | 08/10/2026 | MMD 10 Year^ | 3.580% | Maturity | 30912 |  | 30912 |
| Citibank NA | USD | 21490 | 10/09/2029 | 1.125% | 1 Week<br>SIFMA\* | Quarterly | 1191559 |  | 1191559 |
| JPMorgan Chase Bank NA | USD | 10000 | 03/16/2026 | MMD 10 Year^ | 3.460% | Maturity | 32002 |  | 32002 |
| JPMorgan Chase Bank NA | USD | 10000 | 04/23/2026 | MMD 10 Year^ | 3.840% | Maturity | 373452 |  | 373452 |
| JPMorgan Chase Bank NA | USD | 8000 | 06/04/2026 | MMD 10 Year^ | 3.690% | Maturity | 154325 |  | 154325 |
| Morgan Stanley Capital Services LLC | USD | 10000 | 10/23/2025 | MMD 10 Year^ | 3.240% | Maturity | (334) |  | (334) |
| Morgan Stanley Capital Services LLC | USD | 20000 | 12/19/2025 | MMD 10 Year^ | 3.300% | Maturity | (86) |  | (86) |
| Morgan Stanley Capital Services LLC | USD | 10000 | 03/12/2026 | MMD 10 Year^ | 3.350% | Maturity | (70714) |  | (70714) |
| Morgan Stanley Capital Services LLC | USD | 20000 | 03/26/2026 | MMD 10 Year^ | 3.640% | Maturity | 403031 |  | 403031 |
| Morgan Stanley Capital Services LLC | USD | 20000 | 04/13/2026 | MMD 10 Year^ | 3.890% | Maturity | 857977 |  | 857977 |
| Morgan Stanley Capital Services LLC | USD | 10000 | 05/29/2026 | MMD 10 Year^ | 3.660% | Maturity | 168664 |  | 168664 |
| Morgan Stanley Capital Services LLC | USD | 10000 | 07/13/2026 | MMD 5 Year^ | 2.930% | Maturity | 103944 |  | 103944 |
|  |  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3419931 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3419931 |

---

*^* *Variable interest rate based on the Municipal Market Data AAA General Obligation Scale.* 

*\** *Variable interest rate based on the Securities Industry & Financial Markets Association (SIFMA) Municipal Swap Index.* 

*(a)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At August 31, 2025, the aggregate market value of these securities amounted to $1,297,587,476 or 48.1% of net assets.* 

------

*(b)* *Security represents the underlying municipal obligation of an inverse floating rate obligation held by the Fund .* 

*(c)* *Non-income producing security.* 

*(d)* *Defaulted.* 

*(e)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities, which represent 5.56% of net assets as of August 31, 2025, are considered illiquid and restricted. Additional information regarding such securities follows:* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **144A/Restricted & Illiquid Securities** | **Acquisition<br>Date** | **Cost** | | **Market<br>Value** | | **Percentage<br>of<br>Net Assets** |
|  *ARC70 II Trust<br>(ARC70 II TRUST)<br>Series 2023<br>5.00%, 04/01/2065* | *07/18/2023-<br>07/01/2025* | $*22173772* | | $*20999992* | | *0.78%* |
|  *Arizona Industrial Development Authority<br>(Legacy Cares, Inc.)<br>Series 2020<br>7.75%, 07/01/2050* | *08/12/2020-<br>06/10/2022* | *10701376* | | *318852* | | *0.01%* |
|  *Arizona Industrial Development Authority<br>(Legacy Cares, Inc.)<br>Series 2021-A<br>5.50%, 07/01/2031* | *06/04/2021-<br>07/21/2022* | *466370* | | *14688* | | *0.00%* |
|  *Arizona Industrial Development Authority<br>(Legacy Cares, Inc.)<br>Series 2021-A<br>6.00%, 07/01/2051* | *06/04/2021* | *3000000* | | *91800* | | *0.00%* |
|  *Brazoria County Industrial Development Corp.<br>(Brazoria County Industrial Development)<br>10.00%, 06/01/2042* | *06/08/2022* | *7808977* | | *797* | | *0.00%* |
|  *Brazoria County Industrial Development Corp.<br>(Brazoria County Industrial Development)<br>12.00%, 06/01/2043* | *06/05/2023* | *937369* | | *94* | | *0.00%* |
|  *California School Finance Authority<br>(Downtown College Prep Obligated Group)<br>Series 2016<br>5.00%, 06/01/2046* | *01/10/2023* | *929889* | | *600000* | | *0.02%* |
|  *Colorado Educational & Cultural Facilities Authority<br>(STEAD School/The)<br>Series 2023-A<br>7.00%, 07/01/2034* | *12/20/2023* | *4000000* | | *4041118* | | *0.15%* |
|  *Colorado Health Facilities Authority<br>(Sunny Vista Living Center)<br>Series 2015-A<br>6.125%, 12/01/2045* | *11/20/2015* | *1751086* | | *1059727* | | *0.04%* |
|  *County of Montgomery OH<br>(Trousdale Foundation Obligated Group)<br>Series 2018-A<br>6.25%, 04/01/2049* | *08/29/2018-<br>10/05/2020* | *2765543* | | *49055* | | *0.00%* |
|  *Douglas County Housing Partnership<br>(Bridgewater Castle Rock ALF)<br>Series 2021<br>5.375%, 01/01/2041* | *01/14/2021* | *9860216* | | *7500000* | | *0.28%* |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **144A/Restricted & Illiquid Securities** | **Acquisition<br>Date** | **Cost** | | **Market<br>Value** | | **Percentage<br>of<br>Net Assets** |
|  *Housing & Redevelopment Authority of The City of St. Paul Minnesota<br>(Minnesota Math & Science Academy)<br>Series 2021<br>4.00%, 06/01/2041* | *07/14/2021-<br>04/27/2023* | $*1913617* | | $*987000* | | *0.04%* |
|  *Housing & Redevelopment Authority of The City of St. Paul Minnesota<br>(Minnesota Math & Science Academy)<br>Series 2021<br>4.00%, 06/01/2051* | *07/14/2021-<br>04/17/2023* | *1913212* | | *1045750* | | *0.04%* |
|  *Housing & Redevelopment Authority of The City of St. Paul Minnesota<br>(Minnesota Math & Science Academy)<br>Series 2021<br>4.00%, 06/01/2056* | *07/14/2021* | *1015296* | | *470000* | | *0.02%* |
|  *Illinois Housing Development Authority<br>(Drexel Court & Lake Park East)<br>Series 2024<br>5.67%, 11/01/2038* | *10/19/2022* | *5820000* | | *5519217* | | *0.20%* |
|  *Indiana Finance Authority<br>(Brightmark Plastics Renewal Indiana)<br>Series 2019<br>7.00%, 03/01/2039* | *03/28/2019-<br>02/09/2022* | *16910385* | | *878750* | | *0.03%* |
|  *Industrial Development Authority of the County of Pima (The)<br>(Edkey Obligated Group)<br>Series 2020<br>5.00%, 07/01/2040* | *10/29/2020* | *5088250* | | *3500000* | | *0.13%* |
|  *Industrial Development Authority of the County of Pima (The)<br>(Edkey Obligated Group)<br>Series 2020<br>5.00%, 07/01/2055* | *10/29/2020* | *980723* | | *700000* | | *0.03%* |
|  *Knox County Industrial Development Board<br>(Tompaul Knoxville LLC)<br>Series 2022<br>9.25%, 11/01/2042* | *11/25/2022* | *2350000* | | *2274964* | | *0.08%* |
|  *Knox County Industrial Development Board<br>(Tompaul Knoxville LLC)<br>Series 2022<br>9.50%, 11/01/2052* | *11/25/2022-<br>06/13/2025* | *6853511* | | *6494492* | | *0.24%* |
|  *Last Step Recycling LLC<br>(Last Step Recycling LLC)<br>9.50%, 12/15/2028* | *03/26/2025-<br>06/23/2025* | *2363805* | | *2363805* | | *0.09%* |
|  *Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board<br>(Trousdale Foundation Obligated Group)<br>Series 2018<br>7.50%, 04/01/2049* | *01/27/2021* | *35000* | | *10* | | *0.00%* |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **144A/Restricted & Illiquid Securities** | **Acquisition<br>Date** | **Cost** | | **Market<br>Value** | | **Percentage<br>of<br>Net Assets** |
|  *Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd<br>(Trousdale Foundation Obligated Group)<br>Series 2018-A<br>6.25%, 04/01/2049* | *08/29/2018* | $*3520266* | | $*42000* | | *0.00%* |
|  *Mississippi Business Finance Corp.<br>(Alden Group Renewable Energy Mississippi)<br>Series 2022<br>8.00%, 12/01/2029* | *12/13/2022* | *5688897* | | *3910000* | | *0.15%* |
|  *New Hope Cultural Education Facilities Finance Corp.<br>(Dwyer Workforce Development)<br>Series 2023<br>8.50%, 09/01/2027* | *02/03/2023-<br>07/30/2024* | *8014895* | | *8023796* | | *0.30%* |
|  *Polk County Industrial Development Authority/FL<br>(Mineral Development LLC)<br>Series 2020<br>5.875%, 01/01/2033* | *10/23/2020* | *1905000* | | *1047750* | | *0.04%* |
|  *Pueblo Urban Renewal Authority<br>(Pueblo Urban Renewal Authority)<br>Series 2021<br>4.75%, 12/01/2045* | *03/24/2021-<br>03/30/2021* | *3876113* | | *3358127* | | *0.12%* |
|  *Scranton-Lackawanna Health & Welfare Authority<br>(Community Development Properties Scranton)<br>Series 2025<br>6.25%, 08/01/2053* | *08/08/2025* | *11560126* | | *11572041* | | *0.42%* |
|  *Scranton-Lackawanna Health & Welfare Authority<br>(Community Development Properties Scranton)<br>Series 2025<br>7.75%, 08/01/2060* | *08/08/2025* | *2350140* | | *2348038* | | *0.19%* |
|  *Scranton-Lackawanna Health & Welfare Authority<br>(Community Development Properties Scranton)<br>Series 2025<br>6.25%, 08/01/2026* | *08/08/2025* | *185000* | | *185014* | | *0.01%* |
|  *South Carolina Jobs-Economic Development Authority<br>(Last Step Recycling LLC)<br>Series 2021<br>6.25%, 06/01/2040* | *06/16/2021-<br>07/20/2022* | *3043149* | | *342650* | | *0.01%* |
|  *South Carolina Jobs-Economic Development Authority<br>(Last Step Recycling LLC)<br>Series 2021<br>6.50%, 06/01/2051* | *06/16/2021-<br>10/20/2022* | *2823606* | | *349250* | | *0.01%* |
|  *State of Nevada Department of Business & Industry<br>(Fulcrum Sierra Holdings)<br>Series 2018<br>6.95%, 02/15/2038* | *08/24/2018* | *1464723* | | *15* | | *0.00%* |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **144A/Restricted & Illiquid Securities** | **Acquisition<br>Date** | **Cost** | | **Market<br>Value** | | **Percentage<br>of<br>Net Assets** |
|  *Virginia Small Business Financing Authority<br>(Total Fiber Recovery @ Chesapeake)<br>Series 2022<br>8.50%, 06/01/2042* | *06/08/2022* | $*10000000* | | $*8000000* | | *0.30%* |
|  *Virginia Small Business Financing Authority<br>(Total Fiber Recovery @ Chesapeake)<br>Series 2022<br>8.531%, 06/01/2029* | *06/08/2022* | *8500000* | | *6800000* | | *0.25%* |
|  *West Virginia Economic Development Authority<br>(Wyoming County Coal LLC)<br>Series 2023<br>9.00%, 06/01/2038* | *05/31/2023* | *8000000* | | *7200000* | | *0.27%* |
|  *Wisconsin Public Finance Authority<br>(Catholic Bishop of Chicago/The)<br>Series 2021<br>5.75%, 07/25/2041* | *08/03/2021* | *27000000* | | *24491376* | | *0.91%* |
|  *Wisconsin Public Finance Authority<br>(Crossroads Health Project)<br>Series 2023<br>8.00%, 07/01/2053* | *07/10/2023* | *5500000* | | *5290877* | | *0.20%* |
|  *Wisconsin Public Finance Authority<br>(Crossroads Health Project)<br>Series 2023<br>8.125%, 07/01/2058* | *07/10/2023* | *5500000* | | *5292438* | | *0.20%* |
|  *Wisconsin Public Finance Authority<br>(KDC Agribusiness LLC)<br>Series 2022<br>15.00%, 04/30/2023* | *11/10/2022* | *7500000* | | *0* | | *0.00%* |
|  *Wisconsin Public Finance Authority<br>(KDC Agribusiness LLC)<br>Series 2023<br>15.00%, 04/30/2023* | *03/16/2023* | *1815000* | | *18* | | *0.00%* |

---

*(f)* *IO – Interest Only.* 

*(g)* *Coupon rate adjusts periodically based upon a predetermined schedule. Stated interest rate in effect at August 31, 2025.* 

*(h)* *When-Issued or delayed delivery security.* 

*(i)* *Security in which significant unobservable inputs (Level 3) were used in determining fair value.* 

*(j)* *Fair valued by the Adviser.* 

*(k)* *Defaulted matured security.* 

*(l)* *Pay-In-Kind Payments (PIK). The issuer may pay cash interest and/or interest in additional debt securities. Rates shown are the rates in effect at August 31, 2025.* 

*(m)* *Floating Rate Security. Stated interest/floor/ceiling rate was in effect at August 31, 2025.* 

*(n)* *Securities are perpetual and, thus, do not have a predetermined maturity date. The date shown, if applicable, reflects the next call date.* 

*(o)* *The rate shown represents the 7-day yield as of period end.* 

*(p)* *To obtain a copy of the fund's shareholder report, please go to the Securities and Exchange Commission's website at www.sec.gov. Additionally, shareholder reports for AB funds can be obtained by calling AB at (800) 227-4618.* 

*(q)* *Affiliated investments.* 

------

*(r)* *As of August 31, 2025, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $58,072,109 and gross unrealized depreciation of investments was $(415,158,631), resulting in net unrealized depreciation of $(357,086,522).* 

*As of August 31, 2025, the Portfolio's percentages of investments in municipal bonds that are insured and in insured municipal bonds that have been pre-refunded or escrowed to maturity are 1.5% and 0.0%, respectively.* 

*Glossary:* 

*ABS* – *Asset-Backed Securities* 

*AG* – *Assured Guaranty Inc.* 

*BAM* – *Build American Mutual* 

*CCRC* – *Congregate Care Retirement Center* 

*CDX-NAHY – North American High Yield Credit Default Swap Index* 

*CHF* – *Collegiate Housing Foundation* 

*CMBS* – *Commercial Mortgage-Backed Securities* 

*MMD* – *Municipal Market Data* 

*NATL* – *National Interstate Corporation* 

*PRIME* – *US Bank Prime Loan Rate* 

*REIT* – *Real Estate Investment Trust* 

*SOFR* – *Secured Overnight Financing Rate* 

------

**AB Municipal Income Fund, Inc.** 

**AB High Income Municipal Portfolio** 

**August 31, 2025 (unaudited)** 

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability (including those valued based on their market values). Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Portfolio. Unobservable inputs reflect the Portfolio's own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - quoted prices in active markets for identical investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates,
prepayment speeds, credit risk, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 - significant unobservable inputs (including the Portfolio's own assumptions in determining the fair value
of investments)

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which is then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3. In addition, non-agency rated investments are classified as Level 3.

Other fixed income investments, including non-U.S. government and corporate debt, are generally valued using quoted market prices, if available, which are typically impacted by current interest rates, maturity dates and any perceived credit risk of the issuer. Additionally, in the absence of quoted market prices, these inputs are used by pricing vendors to derive a valuation based upon industry or proprietary models which incorporate issuer specific data with relevant yield/spread comparisons with more widely quoted bonds with similar key characteristics. Those investments for which there are observable inputs are classified as Level 2. Where the inputs are not observable, the investments are classified as Level 3.

Where readily available market prices or relevant bid prices are not available for certain equity investments, such investments may be valued based on similar publicly traded investments, movements in relevant indices since last available prices or based upon underlying company fundamentals and comparable company data (such as multiples to earnings or other multiples to equity). Where an investment is valued using an observable input, by pricing vendors, such as another publicly traded security, the investment will be classified as Level 2. If management determines that an adjustment is appropriate based on restrictions on resale, illiquidity or uncertainty, and such adjustment is a significant component of the valuation, the investment will be classified as Level 3. An investment will also be classified as Level 3 where management uses company fundamentals and other significant inputs to determine the valuation.

------

Valuations of mortgage-backed or other asset backed securities, by pricing vendors, are based on both proprietary and industry recognized models and discounted cash flow techniques. Significant inputs to the valuation of these instruments are value of the collateral, the rates and timing of delinquencies, the rates and timing of prepayments, and default and loss expectations, which are driven in part by housing prices for residential mortgages. Significant inputs are determined based on relative value analyses, which incorporate comparisons to instruments with similar collateral and risk profiles, including relevant indices. Mortgage and asset backed securities for which management has collected current observable data through pricing services are generally categorized within Level 2. Those investments for which current observable data has not been provided are classified as Level 3.

The following table summarizes the valuation of the Portfolio's investments by the above fair value hierarchy levels as of August 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities:** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** |  |  |  |  |
| Long-Term Municipal Bonds | $— | $3005057618 | $2979382 <sup>(a)</sup> | $3008037000 |
| Short-Term Municipal Notes |  | 185014 |  | 185014 |
| Corporates - Non-Investment Grade |  | 9258118 | 8506668 | 17764786 |
| Corporates - Investment Grade |  | 6555402 |  | 6555402 |
| Commercial Mortgage-Backed Securities |  | 4057061 |  | 4057061 |
| Preferred stocks |  |  | 644946 | 644946 |
| Asset-Backed Securities |  |  | 71729 | 71729 |
| Short-Term Investments | 4707344 |  |  | 4707344 |
| Total Investments in Securities | 4707344 | 3025113213 | 12202725 <sup>(a)</sup> | 3042023282 |
| **Other Financial Instruments<sup>(b)</sup>:** |  |  |  |  |
| **Assets:** |  |  |  |  |
| Centrally Cleared Inflation (CPI) Swaps |  | 6569248 |  | 6569248 |
| Centrally Cleared Interest Rate Swaps |  | 12674901 |  | 12674901 |
| Interest Rate Swaps |  | 3592731 |  | 3592731 |
| **Liabilities:** |  |  |  |  |
| Centrally Cleared Credit Default Swaps |  | (9569819) |  | (9569819) |
| Centrally Cleared Inflation (CPI) Swaps |  | (3072365) |  | (3072365) |
| Centrally Cleared Interest Rate Swaps |  | (2864978) |  | (2864978) |
| Interest Rate Swaps |  | (172800) |  | (172800) |
| **Total** | $**4707344** | $**3032270131** | $**12202725** **<sup>(a)</sup>** | $**3049180200** |

---

*The Fund holds liabilities for floating rate note obligations which are not reflected in the table above. The fair value of the Fund's liabilities for floating rate note obligations approximates their liquidation values. Floating rate note obligations are generally classified as level 2.* 

*<sup>(a)</sup>* *The Portfolio held securities with zero market value at period end.* 

*<sup>(b)</sup>* *Other financial instruments include derivative instruments, such as futures, forwards and swaps. Derivative instruments are valued at the unrealized appreciation (depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, written options and written swaptions which are valued at market value.* 

------

A summary of the Portfolio's transactions in AB mutual funds for the three months ended August 31, 2025 is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio** | **Market Value<br>05/31/2025<br>(000)** | **Purchases<br>at Cost<br>(000)** | **Sales<br>Proceeds<br>(000)** | **Market Value<br>08/31/2025<br>(000)** | **Dividend<br>Income<br>(000)** |
| AB Government Money Market Portfolio | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57952 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126445 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179690 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4707 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AB MUNICIPAL INCOME FUND, INC.

- **b. Investment Company Act file number:** 811-04791

- **c. CIK number of Registrant:** 0000798737

- **d. LEI of Registrant:** 549300HSXPZXR4NTL020

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

  - **Street Address 1:** ALLIANCEBERNSTEIN LP

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10001

  - **Telephone number:** 212-969-1000

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

- **a. Name of Series:** AB High Income Municipal Portfolio

- **b. EDGAR series identifier (if any):** S000027380

- **c. LEI of Series:** 5493009E8B1XV7CBU619

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2025-08-31

**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:** $3099583242.85

**Total Liabilities:** $405415707.49

**Net Assets:** $2694167535.36

**Delayed Delivery Securities:** $24243893.60

**Cash Not Reported:** $14058157.73

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1456.59000000 | **1-Year:** -22193.74000000 | **5-Year:** -99674.96000000 | **10-Year:** -374375.15000000 | **30-Year:** -210197.68000000

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

- **3-Month:** -3720.26000000 | **1-Year:** -63458.18000000 | **5-Year:** -203285.49000000 | **10-Year:** -696821.82000000 | **30-Year:** -546002.25000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000082627 | 0.36%                | -1.15%               | 1.19%                |
| Class ID C000082628 | 0.20%                | -1.21%               | 1.13%                |
| Class ID C000206561 | 0.28%                | -1.13%               | 1.21%                |
| Class ID C000082629 | 0.28%                | -1.13%               | 1.21%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-5811685.38             | $581305.44                                 |
| Month 2  | $-3377307.66             | $-34669293.79                              |
| Month 3  | $-8732418.97             | $23718142.73                               |

**Designated Index Information**

- **Index Name:** Bloomberg Municipal Bond Unhedged

- **Index Identifier:** LMBITR:IND

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH ECON DEV REVENUE                                                                                                | CUSIP: 040523AK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $14688.00     | 0.00%             | 2031-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                                                                                             | CUSIP: 34061UHY7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    895000 | PA      | $854736.55    | 0.03%             | 2031-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Washington County Community Development Agency                                   | WASHINGTON CNTY MN CMNTY DEV AGY MF HSG REV                                                                                              | CUSIP: 93778DAB2<br>LEI: 5493005S0NC4J4L8DM18 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992830.00    | 0.04%             | 2042-07-01      | Fixed         | 6.08%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                                         | Long: IS33SO4   IRS USD R F   .00000 IS33SO4/MMD. 3.89 04102025 / Short: IS33SO4   IRS USD P F   .00000 IS33SP5/MUNIRATELOCK/10Y/T3750   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              |  | US        |  20000000 | OU      | $857977.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                                       | MARYLAND ST STADIUM AUTH REVENUE                                                                                                         | CUSIP: 574296CR8<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2487981.10   | 0.09%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH HLTHSYS REVENUE                                                                                                 | CUSIP: 67884XCE5<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   3165000 | PA      | $3248803.82   | 0.12%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QZN5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    610000 | PA      | $403362.50    | 0.01%             | 2022-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA SMALL BUSINESS FIN AUTH SPORTS & ENTERTAINMENT FACS                                                                             | CUSIP: 92810TAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4465000 | PA      | $4105255.40   | 0.15%             | 2052-12-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QPP1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |  14090000 | PA      | $14222867.29  | 0.53%             | 2031-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Higher Educational Facilities Financing Authority                        | FLORIDA ST HGR EDUCTNL FACS FINANCIAL AUTH REVENUE                                                                                       | CUSIP: 34073TMJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3375000 | PA      | $3097714.05   | 0.11%             | 2049-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees/OK                                        | TULSA OK MUNI ARPT TRUST TRUSTEES                                                                                                        | CUSIP: 899661EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4255000 | PA      | $4698428.02   | 0.17%             | 2035-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                                               | Long: IS32T71   IRS USD R F   .00000 IS32T71/MMD 3.35 03112025 / Short: IS32T71   IRS USD P F   .00000 IS32T82/MUNIRATELOCK/10Y/T3750    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |  10000000 | OU      | $-70713.90    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                          | CAPITAL TRUST AUTH FL EDUCTNL FACS REVENUE                                                                                               | CUSIP: 14054WAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2014034.80   | 0.07%             | 2058-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FIN CORP TX SENIOR LIVING REVENUE                                                                             | CUSIP: 64542PGG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735651 | PA      | $471462.84    | 0.02%             | 2030-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Monongalia County Commission Excise Tax District                                 | MONONGALIA CNTY WV COMMISSION SPL DIST EXCISE TAX REVENUE                                                                                | CUSIP: 61022CAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $438982.18    | 0.02%             | 2043-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                                                                                                          | CUSIP: 546399TA4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   5260000 | PA      | $4716535.75   | 0.18%             | 2066-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                                | IDAHO ST HLTH FACS AUTH REVENUE                                                                                                          | CUSIP: 451295D97<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3124721.70   | 0.12%             | 2057-11-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                                               | Long: IS35Z27   IRS USD R F   .00000 IS35Z27/MMD 3.58 20260810 / Short: IS35Z27   IRS USD P F   .00000 IS35Z38/MUNIRATELOCK/10Y/T3750    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |  10000000 | OU      | $30912.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                           | CUSIP: 650116HA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5214376.75   | 0.19%             | 2060-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 126292BR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $6670442.00   | 0.25%             | 2057-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                              | CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 13013FBK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $854036.40    | 0.03%             | 2040-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION                                                                                                         | CUSIP: 93978UAA4<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1292811 | PA      | $1212992.34   | 0.05%             | 2050-03-01      | Floating      | 3.81%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS2Z7Q6   IRS USD R V 00MSOFR IS2Z7R7 CCPOIS / Short: BS2Z7Q6   IRS USD P F  3.19400 IS2Z7Q6 CCPOIS                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  43460000 | OU      | $1489267.59   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Escambia County Housing Finance Authority                                        | ESCAMBIA CNTY HSG FIN AUTH MF MTGE REVENUE                                                                                               | CUSIP: 29612QAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026728.80   | 0.04%             | 2053-11-01      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                    | BUCKS CNTY PA INDL DEV AUTH HOSP REVENUE                                                                                                 | CUSIP: 11861MBM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3822337.50   | 0.14%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE                                                                             | CUSIP: 64542UGN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8015000 | PA      | $8023796.46   | 0.30%             | 2027-09-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Hidalgo County Regional Mobility Authority                                       | HIDALGO CNTY TX REGL MOBILITY AUTH TOLL & VEHICLE REGISTRATI                                                                             | CUSIP: 42934ACJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $856252.00    | 0.03%             | 2055-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                               | CUSIP: 74442PYM1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $0.08         | 0.00%             | 2023-06-30      | Fixed         | 15.00%                | No            |                  3 | On Loan: No      |
| Bexley Community Development District                                            | BEXLEY CDD FL SPL ASSMNT REVENUE                                                                                                         | CUSIP: 088570AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $1867682.02   | 0.07%             | 2047-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                           | CUSIP: 650116HS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1828252.40   | 0.07%             | 2060-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                     | KANSAS CITY MO INDL DEV AUTH SENIOR LIVING FACS REVENUE                                                                                  | CUSIP: 48504LAG8<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    643000 | PA      | $484446.62    | 0.02%             | 2046-11-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                                                                                               | CUSIP: 56681NHQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005430.00   | 0.07%             | 2063-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                                                                                                       | CUSIP: 12008ELT1<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   4095000 | PA      | $3981815.02   | 0.15%             | 2045-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSON CNTY TN HLTH & EDUCTNL FAC BRD                                                                             | CUSIP: 59212TAH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3544297 | PA      | $41999.92     | 0.00%             | 2049-04-01      | Fixed         | 6.25%                 | No            |                  3 | On Loan: No      |
| Bellwood Municipal Housing Corp                                                  | BELLWOOD IL MUNI HSG CORP MUNI HSG REVENUE                                                                                               | CUSIP: 08003AAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1788586.40   | 0.07%             | 2059-12-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                  | KENTUCKY ST ECON DEV FIN AUTH                                                                                                            | CUSIP: 49126PFG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $3488620.50   | 0.13%             | 2046-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH LTD OBLIG REVENUE                                                                                                   | CUSIP: 594479HN0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    285000 | PA      | $280279.20    | 0.01%             | 2032-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Monongalia WV                                                          | MONONGALIA CNTY WV COMMISSION TX INCR REVENUE                                                                                            | CUSIP: 61022DAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $894391.31    | 0.03%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION                                                                                                         | CUSIP: 93978TS59<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   9489790 | PA      | $8954499.14   | 0.33%             | 2035-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Grapevine Wash Local District                                                    | GRAPEVINE WASH LOCAL DIST UT                                                                                                             | CUSIP: 38860EAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1765521.20   | 0.07%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV                                                                              | CUSIP: 708692BW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8740000 | PA      | $8774303.63   | 0.33%             | 2029-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS30EP8   IRS USD R F  2.56500 IS30EP8 CCPINFLATIONZERO / Short: SS30EP8   IRS USD P V 12MUSCPI IS30EQ9 CCPINFLATIONZERO           | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        | 146320000 | OU      | $-1524999.72  | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Town of Hamden CT                                                                | HAMDEN CT REVENUE                                                                                                                        | CUSIP: 406802AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032972.70   | 0.04%             | 2053-01-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                                                                                       | CUSIP: 19648FWN0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    880000 | PA      | $1002572.07   | 0.04%             | 2038-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                        | CUSIP: 56035DFC1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2556377.90   | 0.09%             | 2053-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The              | PHOENIX AZ INDL DEV AUTH EDU REVENUE                                                                                                     | CUSIP: 71885FDN4<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000260.80   | 0.04%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                                                                                             | CUSIP: 59447TYF4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |     45000 | PA      | $45776.76     | 0.00%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 126292AS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9600000 | PA      | $6935551.68   | 0.26%             | 2056-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH ECON DEV REVENUE                                                                                                | CUSIP: 040523AF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10420000 | PA      | $318852.00    | 0.01%             | 2050-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS31EU6   IRS USD R F  4.08750 IS31EU6 CCPOIS / Short: SS31EU6   IRS USD P V 00MSOFR IS31EV7 CCPOIS                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  69100000 | OU      | $2405566.32   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Polk County Industrial Development Authority/FL                                  | POLK CNTY FL INDL DEV AUTH                                                                                                               | CUSIP: 731120NQ0<br>LEI: 549300UTRO4TAORRAL04 | Long             | DBT              | MUN               | US        |   1905000 | PA      | $1047750.00   | 0.04%             | 2033-01-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE                                                                                   | CUSIP: 939783YZ3<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    440000 | PA      | $402338.77    | 0.01%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL REVENUE                                                                                                             | CUSIP: 14052WDR5<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |  27000000 | PA      | $1964025.90   | 0.07%             | 2061-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                         | CUSIP: 63608TAQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4690000 | PA      | $2582366.53   | 0.10%             | 2035-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE                                                                             | CUSIP: 64542UFJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1328095.78   | 0.05%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 126292BG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3275000 | PA      | $2247174.98   | 0.08%             | 2057-04-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN HLTH EDL FACS AUTH SENIOR LIVING REVENUE                                                                                       | CUSIP: 97671VCU7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2027716.80   | 0.08%             | 2060-07-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                                                                                      | CUSIP: 13048TSX2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $890500.28    | 0.03%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Local Government Finance Commission                                      | FLORIDA LOC GOVT FIN COMMISSION SENIOR LIVING REVENUE                                                                                    | CUSIP: 34077UAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004322.80   | 0.04%             | 2030-11-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                              | CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 13013FBH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $4449038.40   | 0.17%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Glendale Industrial Development Authority                                        | GLENDALE AZ INDL DEV AUTH                                                                                                                | CUSIP: 378286JM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2865000 | PA      | $2058634.86   | 0.08%             | 2040-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: IS2YX21   IRS USD R F   .00000 IS2YX21/MMD 3.04 08282024 / Short: IS2YX21   IRS USD P F   .00000 IS2YX32/MUNIRATELOCK/10Y/T3750    | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  10000000 | OU      | $-189885.50   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Atlantic Park Community Development Authority                                    | ATLANTIC PARK CMNTY DEV AUTH VA REVENUE                                                                                                  | CUSIP: 04877YAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6410000 | PA      | $5801653.82   | 0.22%             | 2045-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                     | KANSAS CITY MO INDL DEV AUTH SENIOR LIVING FACS REVENUE                                                                                  | CUSIP: 48504LAF0<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    804000 | PA      | $676553.78    | 0.03%             | 2037-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                     | MASSACHUSETTS ST PORT AUTH                                                                                                               | CUSIP: 575896TL9<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1754501.78   | 0.07%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NEW YORK CITY NY HSG DEV CORP REVENUE                                                                                                    | CUSIP: 64966WEB9<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1355000 | PA      | $955248.58    | 0.04%             | 2040-08-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                                     | WEST VIRGINIA ST ECON DEV AUTH SOL WST DISP FACS                                                                                         | CUSIP: 95648VBQ1<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7200000.00   | 0.27%             | 2038-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                           | CCO Holdings LLC / CCO Holdings Capital Corp                                                                                             | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7730000 | PA      | $6713118.50   | 0.25%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                                                                                            | CUSIP: 140427CK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9125000 | PA      | $1083472.39   | 0.04%             | 2062-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE                                                                                   | CUSIP: 837032BX8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10270183.00  | 0.38%             | 2044-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE                                                                                                | CUSIP: 14054CFL8<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $986547.60    | 0.04%             | 2053-05-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI TOLL REVENUE                                                                                                          | CUSIP: 74448UAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2114308.00   | 0.08%             | 2060-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE                                                                             | CUSIP: 64542UFR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9780593 | PA      | $2487041.46   | 0.09%             | 2061-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                         | CUSIP: 63608TAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001868.30   | 0.04%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                                    | CUSIP: 167505UY0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   4800000 | PA      | $4854776.16   | 0.18%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Logistics Airport Authority                                  | STHRN CA LOGISTICS ARPT AUTH                                                                                                             | CUSIP: 842472CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3613323.96   | 0.13%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                                         | Long: IS34PF7   IRS USD R F   .00000 IS34PF7/MMD. 3.66 05282025 / Short: IS34PF7   IRS USD P F   .00000 IS34PG8/MUNIRATELOCK/10Y/T3750   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              |  | US        |  10000000 | OU      | $168663.60    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Platte River Metropolitan District                                               | PLATTE RVR MET DIST CO                                                                                                                   | CUSIP: 727810AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    661000 | PA      | $652316.05    | 0.02%             | 2053-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Washington County Community Development Agency                                   | WASHINGTON CNTY MN CMNTY DEV AGY MF HSG REV                                                                                              | CUSIP: 93778DAC0<br>LEI: 5493005S0NC4J4L8DM18 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003160.70   | 0.04%             | 2027-07-01      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| City of Bloomington MN                                                           | BLOOMINGTON MN MF REVENUE                                                                                                                | CUSIP: 094806BR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2570000 | PA      | $2416952.13   | 0.09%             | 2041-07-01      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| King County Public Hospital District No 4                                        | KING CNTY WA PUBLIC HOSP DIST #4                                                                                                         | CUSIP: 494794FC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5700000 | PA      | $5517533.88   | 0.20%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL AVIATION                                                    | HILLSBOROUGH CNTY FL AVIATION                                                                                                            | CUSIP: 432308X25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2324485.00   | 0.09%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE                                                                                   | CUSIP: 939783TH9<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2204091.56   | 0.08%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HOSP REVENUE                                                                                                          | CUSIP: 74442CDH4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1155944.70   | 0.04%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Columbia Housing Authority/SC                                                    | COLUMBIA SC HSG AUTH MF HSG REVENUE                                                                                                      | CUSIP: 198409AE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $409503.49    | 0.02%             | 2032-11-01      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| City of Tampa FL                                                                 | TAMPA FL CAPITAL IMPT CIGARETTE TAX ALLOCATION                                                                                           | CUSIP: 875146BC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $265082.30    | 0.01%             | 2049-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Aurora Highlands Community Authority Board                                       | AURORA HIGHLANDS CMNTY AUTH BRD CO SPL TAX REVENUE                                                                                       | CUSIP: 05164HAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9058347.00   | 0.34%             | 2051-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| US Bank Trust Co NA                                                              | US BANK TRUST CO NA VA                                                                                                                   | CUSIP: 90355QAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6700000 | PA      | $5892241.30   | 0.22%             | 2052-08-01      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                                                                                                       | CUSIP: 74514L4D6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |  17900000 | PA      | $5884625.00   | 0.22%             | 2051-11-01      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| Stamford Housing Authority                                                       | STAMFORD CT HSG AUTH                                                                                                                     | CUSIP: 852640AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1223988.68   | 0.05%             | 2060-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Meridian Ranch Metropolitan District 2018 Subdistrict                            | MERIDIAN RANCH MET DIST 2018 SUBDISTRICT CO                                                                                              | CUSIP: 58977PAC5<br>LEI: 549300VMPUF7R81DY714 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1474869.90   | 0.05%             | 2052-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Douglas County Housing Partnership                                               | DOUGLAS CNTY CO HSG PARTNERSHIP                                                                                                          | CUSIP: 25889FAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $7500000.00   | 0.28%             | 2041-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS31F03   IRS USD R V 12MUSCPI IS31F14 CCPINFLATIONZERO / Short: BS31F03   IRS USD P F  2.48500 IS31F03 CCPINFLATIONZERO           | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        | 124000000 | OU      | $1608157.24   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                                                                                           | CUSIP: 63607WAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4156478 | PA      | $151718.93    | 0.01%             | 2051-07-01      | Variable      | 0.49%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                               | CUSIP: 74442PSF3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  27000000 | PA      | $24491376.00  | 0.91%             | 2041-07-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                                             | CUSIP: 45204E7C6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968001.80    | 0.04%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                              | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                                                                                              | CUSIP: 13058TGF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $992535.15    | 0.04%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WASHINGTON ST HLTH CARE FACS AUTH                                                                                                        | CUSIP: 93978HYC3<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    440000 | PA      | $394076.28    | 0.01%             | 2035-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Stamford Housing Authority                                                       | STAMFORD CT HSG AUTH                                                                                                                     | CUSIP: 852640AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2095784.01   | 0.08%             | 2055-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                                                                                           | CUSIP: 63607WBK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3510000 | PA      | $3412571.53   | 0.13%             | 2037-09-28      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                                                                                              | CUSIP: 45528U6X4<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5080346.50   | 0.19%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hidalgo County Regional Mobility Authority                                       | HIDALGO CNTY TX REGL MOBILITY AUTH TOLL & VEHICLE REGISTRATI                                                                             | CUSIP: 42934ABW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2965000 | PA      | $1092332.69   | 0.04%             | 2043-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                                              | CUSIP: 442349HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3520000 | PA      | $3673697.98   | 0.14%             | 2038-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Village of Antioch IL Special Service Areas No 1 & 2                             | ANTIOCH VLG IL SPL SVC AREAS NO 1 & 2 SPL TAX                                                                                            | CUSIP: 03717PAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6682000 | PA      | $6659287.21   | 0.25%             | 2033-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QXQ0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    440000 | PA      | $290950.00    | 0.01%             | 2025-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                                      | OKLAHOMA ST TURNPIKE AUTH                                                                                                                | CUSIP: 679111F41<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   5340000 | PA      | $5942250.01   | 0.22%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency                                                      | CMFA SPL FIN AGY CA ESSENTIAL HSG REVENUE                                                                                                | CUSIP: 12574WAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $7142558.00   | 0.27%             | 2058-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH MIDWESTERN DISASTER RELIEF REVENUE                                                                                      | CUSIP: 45470CAE9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   5145000 | PA      | $5045960.29   | 0.19%             | 2030-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                   | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH                                                                                                  | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23975000 | PA      | $19365309.97  | 0.72%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HOSP REVENUE                                                                                                          | CUSIP: 74442CDG6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2143604.00   | 0.08%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS346M1   IRS USD R V 00MSOFR IS346N2 CCPOIS / Short: BS346M1   IRS USD P F  3.60300 IS346M1 CCPOIS                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  16300000 | OU      | $119251.94    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                                  | CHESTER CNTY PA INDL DEV AUTH                                                                                                            | CUSIP: 165588FL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2619766.88   | 0.10%             | 2042-10-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE                                                                             | CUSIP: 64542UGH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4711121.50   | 0.17%             | 2057-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS2N4T2   IRS USD R F  3.07500 IS2N4T2 CCPOIS / Short: SS2N4T2   IRS USD P V 00MSOFR IS2N4U3 CCPOIS                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   9000000 | OU      | $-138647.90   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Black Desert Public Infrastructure District                                      | BLACK DESERT PUB INFRASTRUCTURE DIST UT SPL ASSMNT                                                                                       | CUSIP: 09204TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2129792.06   | 0.08%             | 2053-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission                                                                                              | CUSIP: 93978T4N6<br>LEI: 549300YL1HU59NREG764 | Long             | ABS-MBS          | CORP              | US        |  19656078 | PA      | $1929900.58   | 0.07%             | 2037-04-20      | Variable      | 1.45%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Educational Facilities Authority                               | PALM BEACH CNTY FL EDUCTNL FACS AUTH                                                                                                     | CUSIP: 696506AT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1414877.08   | 0.05%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Richmond Redevelopment & Housing Authority                                       | RICHMOND VA REDEV & HSG AUTH REVENUE                                                                                                     | CUSIP: 765411AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1166609.74   | 0.04%             | 2037-01-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                               | CUSIP: 74442PTL9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  16500000 | PA      | $10936244.55  | 0.41%             | 2056-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH EXEMPT FAC REVENUE                                                                                                   | CUSIP: 45470DAA5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |  17575000 | PA      | $878750.00    | 0.03%             | 2039-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                                                                                                        | CUSIP: 688031EU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $190468.94    | 0.01%             | 2039-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                             | MIDA MOUNTAIN VLG PUBLIC INFRASTRUCTURE DIST UT TAX ALLOCATI                                                                             | CUSIP: 59561UAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $916071.00    | 0.03%             | 2054-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Iowa Tobacco Settlement Authority                                                | TOBACCO SETTLEMENT AUTH IA TOBACCO SETTLEMENT REVENUE                                                                                    | CUSIP: 888805CJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  28915000 | PA      | $3998525.23   | 0.15%             | 2065-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima/The                       | PIMA CNTY AZ INDL DEV AUTH EDU REVENUE                                                                                                   | CUSIP: 72177MTM9<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3500000.00   | 0.13%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                              | CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 13013FAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3295000 | PA      | $2674068.78   | 0.10%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ulster County Capital Resource Corp                                              | ULSTER CNTY NY CAPITAL RESOURCE CORP REVENUE                                                                                             | CUSIP: 903768AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1508802.51   | 0.06%             | 2042-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                     | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                                                                                                     | CUSIP: 92708KAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $953854.40    | 0.04%             | 2054-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDL DEV                                                                                                        | CUSIP: 71781PBK5<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1277909.10   | 0.05%             | 2040-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL MF HSG REVENUE                                                                                                                | CUSIP: 167570TK6<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   7950000 | PA      | $4746809.06   | 0.18%             | 2052-12-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Newark Higher Education Finance Corp                                             | NEWARK HGR EDU FIN CORP TX EDU REVENUE                                                                                                   | CUSIP: 650346EA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1380000 | PA      | $990696.07    | 0.04%             | 2056-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fayetteville State University                                                    | FAYETTEVILLE NC ST UNIV                                                                                                                  | CUSIP: 312810FN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1162628.10   | 0.04%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                                      | OKLAHOMA ST TURNPIKE AUTH                                                                                                                | CUSIP: 679111E91<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10534077.00  | 0.39%             | 2054-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV                                                                              | CUSIP: 708692CD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1976034.20   | 0.07%             | 2047-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV                                                                              | CUSIP: 708692CA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017477.60   | 0.04%             | 2051-01-01      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                              | PUERTO RICO CMWLTH AQUEDUCT &SWR AUTH REVENUE                                                                                            | CUSIP: 745160TD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2630303.33   | 0.10%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stamford Housing Authority                                                       | STAMFORD CT HSG AUTH                                                                                                                     | CUSIP: 852640AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1123254.77   | 0.04%             | 2032-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The              | PHOENIX AZ INDL DEV AUTH EDU REVENUE                                                                                                     | CUSIP: 71885FDK0<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |  10690000 | PA      | $10351630.50  | 0.38%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP                                                                                                                  | CUSIP: 34062AAD3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $962694.92    | 0.04%             | 2054-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Military Installation Development Authority                                      | MILITARY INSTALLATION DEV AUTH UT TAX ALLOCATION REVENUE                                                                                 | CUSIP: 599772AF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1150274.40   | 0.04%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS30759   IRS USD R V 12MUSCPI IS30760 CCP INFLATION ZERO / Short: BS30759   IRS USD P F  2.45000 BS30759 CCP INFLATION ZERO       | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  99969000 | OU      | $1458837.62   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                            | CUSIP: 592647NV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1362400.05   | 0.05%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                           | CUSIP: 650116HM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11925000 | PA      | $11556463.84  | 0.43%             | 2054-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH STUDENT HSG & ACADEMIC FAC REVENUE                                                                                  | CUSIP: 45203KAP0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1627933.76   | 0.06%             | 2047-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE                                                                                         | CUSIP: 57421CBQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $312531.96    | 0.01%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Longs Peak Metropolitan District                                                 | LONGS PEAK MET DIST CO                                                                                                                   | CUSIP: 54316AAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1834309.40   | 0.07%             | 2051-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                                                                                                          | CUSIP: 546399DE3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25439.39     | 0.00%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Overland Park Development Corp                                                   | OVERLAND PARK KS DEV CORP REVENUE                                                                                                        | CUSIP: 690278CE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3835000 | PA      | $3565789.90   | 0.13%             | 2049-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                              | PUERTO RICO CMWLTH AQUEDUCT &SWR AUTH REVENUE                                                                                            | CUSIP: 745160TF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2835000 | PA      | $2959990.05   | 0.11%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE                                                                                         | CUSIP: 57421CBN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $497381.45    | 0.02%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                              | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2609041.24   | 0.10%             | 2055-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                                                                                                      | CUSIP: 59333P7L6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $1261584.79   | 0.05%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH AFFORDABLE HSG CTFS                                                                                                 | CUSIP: 63607DAF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    999673 | PA      | $1010901.22   | 0.04%             | 2041-06-20      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                                                                                               | CUSIP: 56681NAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1226725.09   | 0.05%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                                                                                        | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16400000 | PA      | $15174428.00  | 0.56%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH DOCK & WHARF FAC REVENUE                                                                                     | CUSIP: 64578TAA2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1433435.64   | 0.05%             | 2035-01-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA ST PUBLIC FACS AUTH SOL WST DISP FAC REVENUE                                                                                   | CUSIP: 54640TAB5<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   7250000 | PA      | $72.50        | 0.00%             | 2039-07-01      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP                                                                                                                  | CUSIP: 34062AAH4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1144317.36   | 0.04%             | 2059-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FIN CORP TX SENIOR LIVING REVENUE                                                                             | CUSIP: 64542PGQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3510000 | PA      | $3137656.04   | 0.12%             | 2056-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Lees Summit Industrial Development Authority                                     | LEES SUMMIT MO INDL DEV AUTH SENIOR LIVING FACS REVENUE                                                                                  | CUSIP: 524292BH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4910000 | PA      | $3996870.12   | 0.15%             | 2056-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA TAX INCR REVENUE                                                                                                        | CUSIP: 254840EE7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $930061.12    | 0.03%             | 2049-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp                                                                | UTAH ST HSG CORP MF REVENUE                                                                                                              | CUSIP: 917434CS9<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   3182834 | PA      | $2632994.02   | 0.10%             | 2040-01-01      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                         | CUSIP: 63608TAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6877000 | PA      | $6750026.51   | 0.25%             | 2035-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| City of Middleburg Heights OH                                                    | MIDDLEBURG HEIGHTS OH HOSP REVENUE                                                                                                       | CUSIP: 596126DN9<br>LEI: 549300YPL4J3W5PGVS22 | Long             | DBT              | MUN               | US        |    800000 | PA      | $841774.96    | 0.03%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Business Finance Corp                                                | MISSISSIPPI ST BUSINESS FIN CORP SOL WST DISP REVENUE                                                                                    | CUSIP: 60527MBB4<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |   5750000 | PA      | $3910000.00   | 0.15%             | 2029-12-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                               | CUSIP: 74442PG58<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $2251196.00   | 0.08%             | 2038-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| El Paso County Hospital District                                                 | EL PASO CNTY TX HOSP DIST                                                                                                                | CUSIP: 283590GS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3940000 | PA      | $4006641.16   | 0.15%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH FAC REVENUE                                                                                                     | CUSIP: 45471CBT4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2045000 | PA      | $1880144.98   | 0.07%             | 2038-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Irving Hospital Authority                                                        | IRVING TX HOSP AUTH                                                                                                                      | CUSIP: 463794KH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5375000 | PA      | $5146452.85   | 0.19%             | 2044-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Centerra Metropolitan District No 1                                              | CENTERRA CO MET DIST #1 SPL REVENUE                                                                                                      | CUSIP: 15200XAL7<br>LEI: 549300SHE5ZPSMGZH793 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029951.40   | 0.04%             | 2053-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| City of South Charleston WV                                                      | SOUTH CHARLESTON WV SPL DIST EXCISE TAX                                                                                                  | CUSIP: 837323AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $777554.80    | 0.03%             | 2050-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Columbia Housing Authority/SC                                                    | COLUMBIA SC HSG AUTH MF HSG REVENUE                                                                                                      | CUSIP: 198409AF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7515000 | PA      | $6981970.07   | 0.26%             | 2039-11-01      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                              | IDAHO ST HSG & FIN ASSN ECON DEV REVENUE                                                                                                 | CUSIP: 45130CAB7<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4006217.60   | 0.15%             | 2036-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QZM7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    920000 | PA      | $608350.00    | 0.02%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL                                                          | PALM BEACH CNTY FL REVENUE                                                                                                               | CUSIP: 696547HQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $947748.00    | 0.04%             | 2044-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TROUSDALE ISSUER LLC                                                             | Trousdale Issuer LLC                                                                                                                     | CUSIP: 897186AC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4179333 | PA      | $49909.60     | 0.00%             | 2025-12-31      | Fixed         | 6.50%                 | No            |                  3 | On Loan: No      |
| GDB Debt Recovery Authority of Puerto Rico                                       | GDB DEBT RECOVERY AUTH OF CMWLTH PUERTO RICO                                                                                             | CUSIP: 36829QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3007924 | PA      | $2901611.63   | 0.11%             | 2040-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Sarasota County Health Facilities Authority                                      | SARASOTA CNTY FL HLTH FACS AUTH RETMNT FAC REVENUE                                                                                       | CUSIP: 80329UBB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2196410.55   | 0.08%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                              | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE                                                                                           | CUSIP: 9277817M0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3060610.00   | 0.11%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                                              | CUSIP: 4423487H5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10540000 | PA      | $10540115.94  | 0.39%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP RETMNT FAC REVENU                                                                             | CUSIP: 87638REN3<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   2114979 | PA      | $0.02         | 0.00%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  3 | On Loan: No      |
| Tobacco Securitization Authority of Northern California                          | TOBACCO SECURITIZATION AUTH NTHRN CA TOBACCO SETTLEMENT REVE                                                                             | CUSIP: 888794CA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12950000 | PA      | $1855215.71   | 0.07%             | 2060-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE                                                                                   | CUSIP: 939783QX7<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   5095000 | PA      | $4453859.47   | 0.17%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QXJ6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1653125.00   | 0.06%             | 2018-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                     | KANSAS CITY MO INDL DEV AUTH SENIOR LIVING FACS REVENUE                                                                                  | CUSIP: 48504LAD5<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   2609832 | PA      | $1720252.49   | 0.06%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA Wastewater System Revenue                                 | LOS ANGELES CA WSTWTR SYS REVENUE                                                                                                        | CUSIP: 53945CMS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10671072.00  | 0.40%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                                               | Long: IS30CH6   IRS USD R F   .00000 IS30CH6/MMD 3.22 11052024 / Short: IS30CH6   IRS USD P F   .00000 IS30CI7/MUNIRATELOCK/10Y/T3750    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |  10000000 | OU      | $-30952.60    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                            | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                                                                                                  | CUSIP: 187145RF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1840666.40   | 0.07%             | 2053-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE                                                                                         | CUSIP: 57421CBS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $303951.47    | 0.01%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                                                                                                | CUSIP: 041807CE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3412806.60   | 0.13%             | 2062-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE                                                                             | CUSIP: 64542UFA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $1666115.88   | 0.06%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                                                                                                        | CUSIP: 688031EQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $155970.98    | 0.01%             | 2035-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                               | CUSIP: 74442PP66<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2710000 | PA      | $2780604.44   | 0.10%             | 2061-01-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Scranton-Lackawanna Health and Welfare Authority                                 | SCRANTON-LACKAWANNA PA HLTH & WELFARE AUTH                                                                                               | CUSIP: 810694Q77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2348037.75   | 0.09%             | 2060-08-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp IV                                 | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP IV                                                                                              | CUSIP: 88256PAG5<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   2180000 | PA      | $2872811.28   | 0.11%             | 2054-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                                                                                       | CUSIP: 19648FWU4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1992248.84   | 0.07%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                           | CUSIP: 650116HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5800227.00   | 0.22%             | 2060-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                           | TEMPE AZ INDL DEV AUTH REVENUE                                                                                                           | CUSIP: 87972MAX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $794435.41    | 0.03%             | 2047-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CHRT SCH REVENUE                                                                                                      | CUSIP: 744396KF8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1569165.48   | 0.06%             | 2045-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                         | STERLING RANCH CMNTY AUTH BRD CO SUPPORTED REVENUE                                                                                       | CUSIP: 85950NAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3067635.30   | 0.11%             | 2053-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                                                                                        | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9144793.00   | 0.34%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA REVENUE                                                                                                                 | CUSIP: 25483VUV4<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1366637.42   | 0.05%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AES PUERTO RICO LP                                                               | AES PUERTO RICO LP                                                                                                                       | CUSIP: 00810HAA0<br>LEI: 54930031FSLPC1L9X341 | Long             | DBT              | CORP              | US        |    175734 | PA      | $170462.30    | 0.01%             | 2026-03-04      | Variable      | 11.50%                | No            |                  3 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QWE8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2280000 | PA      | $1507650.00   | 0.06%             | 2036-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SPL REVENUE                                                                                                           | CUSIP: 74447TAD4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3488000 | PA      | $2403177.24   | 0.09%             | 2031-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                                                                                               | CUSIP: 167486U72<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7126350.70   | 0.26%             | 2050-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                     | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                                                                                                     | CUSIP: 92708KAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $986597.00    | 0.04%             | 2034-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                                | DIRECTOR OF THE ST OF NEVADA DEPT OF BUSINESS & INDUSTRY ENV                                                                             | CUSIP: 25461PAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1464723 | PA      | $14.65        | 0.00%             | 2038-02-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                               | CUSIP: 74442PH32<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2432848.16   | 0.09%             | 2054-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA ST PUBLIC FACS AUTH SOL WST DISP FAC REVENUE                                                                                   | CUSIP: 54640TAE9<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |  17000000 | PA      | $170.00       | 0.00%             | 2039-07-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| AES GUAYAMA HOLDINGS PFD                                                         | AES GUAYAMA HOLDINGS PFD                                                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    221631 | NS      | $644946.21    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| Las Vegas Redevelopment Agency                                                   | LAS VEGAS NV REDEV AGY TAX INCR REVENUE                                                                                                  | CUSIP: 517732DS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2866365.90   | 0.11%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE SOL WST REVENUE                                                                                             | CUSIP: 45202HAN3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3270692.10   | 0.12%             | 2042-09-01      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                              | CUSIP: 13013JCS3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2562193.96   | 0.10%             | 2054-05-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX                                                                                  | CUSIP: 89602HDS3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2219855.00   | 0.08%             | 2057-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                                             | CUSIP: 45204E7A0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    540000 | PA      | $531009.76    | 0.02%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SOL WST DISP REVENUE                                                                                             | CUSIP: 34061XAG7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4970946.00   | 0.18%             | 2054-10-01      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE                                                                             | CUSIP: 64542UDY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2370555.90   | 0.09%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH ECON DEV REVENUE                                                                                    | CUSIP: 837031F57<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   5305000 | PA      | $5313884.28   | 0.20%             | 2056-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                               | CUSIP: 74442PF42<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1145903.20   | 0.04%             | 2034-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Broadway Station Metropolitan District No 3                                      | BROADWAY STATION MET DIST NO 3 CO                                                                                                        | CUSIP: 111571AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    749000 | PA      | $628125.41    | 0.02%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ulster County Capital Resource Corp                                              | ULSTER CNTY NY CAPITAL RESOURCE CORP REVENUE                                                                                             | CUSIP: 903768AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4270000 | PA      | $3824001.92   | 0.14%             | 2037-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                                                                                                       | CUSIP: 12008EGJ9<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   7050000 | PA      | $4935000.00   | 0.18%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH MF HSG REVENUE                                                                                                  | CUSIP: 04062PCU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1629438.11   | 0.06%             | 2043-01-01      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                         | CUSIP: 63608TAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    956000 | PA      | $956706.68    | 0.04%             | 2031-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | CALIFORNIA HSG FIN AGY MUNI CTFS                                                                                                         | CUSIP: 13033DAJ4<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   3760979 | PA      | $3530329.43   | 0.13%             | 2036-08-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                                                                                       | CUSIP: 19648FSV7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2286757.83   | 0.08%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                                            | CUSIP: 59261AFL6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    635000 | PA      | $637791.21    | 0.02%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ESC NASSAU CNTY N Y IN                                                           | ESC NASSAU CNTY N Y IN                                                                                                                   | CUSIP: 631ESCAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7314557 | PA      | $523612.56    | 0.02%             | 2058-01-01      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI DEV BK SPL OBLIG                                                                                                             | CUSIP: 60534XLV6<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $773686.20    | 0.03%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS31TF6   IRS USD R F  4.08200 IS31TF6 CCPOIS / Short: SS31TF6   IRS USD P V 00MSOFR IS31TG7 CCPOIS                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  68800000 | OU      | $2252855.58   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| County of Washington OH                                                          | WASHINGTON CNTY OH HOSP REVENUE                                                                                                          | CUSIP: 938154DX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10293838.00  | 0.38%             | 2052-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                     | KANSAS CITY MO INDL DEV AUTH SENIOR LIVING FACS REVENUE                                                                                  | CUSIP: 48504LAE3<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1164757 | PA      | $53763.90     | 0.00%             | 2046-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH MF HSG REVENUE                                                                                                  | CUSIP: 45203LES8<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   5820000 | PA      | $5519217.16   | 0.20%             | 2038-11-01      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Mississippi Hospital Equipment & Facilities Authority                            | MISSISSIPPI ST HOSP EQUIPMENT& FACS AUTH                                                                                                 | CUSIP: 605360SS6<br>LEI: 549300DW2GVUIGE04396 | Long             | DBT              | MUN               | US        |    250000 | PA      | $240357.00    | 0.01%             | 2037-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                                                                                              | CUSIP: 45528U7L9<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   4075000 | PA      | $4393552.12   | 0.16%             | 2067-03-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                                                                                                       | CUSIP: 12008EGK6<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2012500.00   | 0.07%             | 2044-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                               | DETROIT MI                                                                                                                               | CUSIP: 251093S84<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   6960226 | PA      | $5461454.78   | 0.20%             | 2044-04-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                                                                                                          | CUSIP: 546399SZ0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5483046.80   | 0.20%             | 2064-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                            | CUYAHOGA CNTY OH HOSP REVENUE                                                                                                            | CUSIP: 2322655Q7<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |      5000 | PA      | $4748.60      | 0.00%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                              | CUSIP: 13013JGF7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2685403.22   | 0.10%             | 2056-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV                                                                                 | CUSIP: 79766DMA4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1996476.24   | 0.07%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QYD8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    390000 | PA      | $257887.50    | 0.01%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue                           | TRIBOROUGH NY BRIDGE & TUNNEL AUTH SALES TAX REVENUE                                                                                     | CUSIP: 896035DF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10280207.00  | 0.38%             | 2059-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                                                                                                    | CUSIP: 592250AQ7<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |  19675000 | PA      | $5023041.27   | 0.19%             | 2050-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                                                                                                          | CUSIP: 546399UW4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994378.10    | 0.04%             | 2045-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QYX4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1011712.50   | 0.04%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARC70 II TRUST                                                                   | ARC70 II TR CA                                                                                                                           | CUSIP: 03880NAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2462021.10   | 0.09%             | 2059-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Baytown Municipal Development District                                           | BAYTOWN MUNI DEV DIST TX                                                                                                                 | CUSIP: 073201AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6205000 | PA      | $4822920.02   | 0.18%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE                                                                                                | CUSIP: 14054CCZ0<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $833825.30    | 0.03%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                                                                                                | CUSIP: 041807PW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1175403.12   | 0.04%             | 2065-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI TOLL REVENUE                                                                                                          | CUSIP: 74448UAC2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3155344.20   | 0.12%             | 2065-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                  | Long: BS33B45   CDS USD R V 03MEVENT IS33B56 CCPCDX / Short: BS33B45   CDS USD P F  5.00000 IS33B45 CCPCDX                               | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        | 116630000 | OU      | $-9569818.97  | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | SAN ANTONIO TX ELEC & GAS REVENUE                                                                                                        | CUSIP: 79625GMF7<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10294416.00  | 0.38%             | 2049-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | Southeast Energy Authority A Cooperative District                                                                                        | CUSIP: 84136FBM8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2979426.00   | 0.11%             | 2053-01-01      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                              | CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 13013FAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11070000 | PA      | $7037404.90   | 0.26%             | 2056-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QA77<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $1454750.00   | 0.05%             | 2033-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Securitization Authority of Southern California                          | TOBACCO SECURITIZATION AUTH STHRN CA TOBACCO SETTLEMENT REVE                                                                             | CUSIP: 888804CQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $687366.71    | 0.03%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH REVENUE                                                                                                                 | CUSIP: 46247SBU7<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   4060000 | PA      | $2730595.63   | 0.10%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                                      | Long: IS1WUB4   IRS USD R V 01MMUNIP IS1WUC5 VANILLA / Short: IS1WUB4   IRS USD P F  1.12500 IS1WUB4 VANILLA                             | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |  21490000 | OU      | $1191559.11   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| City of Westminster MD                                                           | WESTMINSTER MD PROJ REVENUE                                                                                                              | CUSIP: 960735AS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2584573.68   | 0.10%             | 2044-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HOTEL REVENUE                                                                                                         | CUSIP: 74447DAC1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   7250000 | PA      | $6775277.25   | 0.25%             | 2052-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily                                                          | Freddie Mac Multifamily ML Certificates                                                                                                  | CUSIP: 3137H9JQ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11428463 | PA      | $766151.57    | 0.03%             | 2036-09-25      | Variable      | 0.98%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                               | MARYLAND ST ECON DEV CORP POLL CONTROL REVENUE                                                                                           | CUSIP: 57421HAB9<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006853.50   | 0.04%             | 2048-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                                                                                          | CUSIP: 74440DDS0<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2076206.00   | 0.08%             | 2052-08-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                     | MASSACHUSETTS ST PORT AUTH                                                                                                               | CUSIP: 575896TJ4<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |    900000 | PA      | $1024756.23   | 0.04%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shelby County Health Educational & Housing Facilities Board                      | SHELBY CNTY TN HLTH EDUCTNL &HSG FACS BRD RSDL CARE FAC MTG                                                                              | CUSIP: 82169JAN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $928347.10    | 0.03%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL                                                          | PALM BEACH CNTY FL REVENUE                                                                                                               | CUSIP: 696547GK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1970000 | PA      | $1758643.63   | 0.07%             | 2051-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP RETMNT FAC REVENU                                                                             | CUSIP: 87638RKM8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |  12026487 | PA      | $9812772.74   | 0.36%             | 2054-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority/The                                                | ATLANTA GA DEV AUTH                                                                                                                      | CUSIP: 04780NMX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2494485.50   | 0.09%             | 2039-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                                                                                          | CUSIP: 74440DEL4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2570536.00   | 0.10%             | 2055-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                                    | CUSIP: 167505XC5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    290000 | PA      | $292633.40    | 0.01%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH                                                                                  | CUSIP: 546282H72<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   7625000 | PA      | $7233619.43   | 0.27%             | 2045-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MIDA Mountain Veterans Program Public Infrastructure District                    | MIDAS MOUNTAIN VETERANS PROGRAM PUB INFRASTRUCTURE DIST                                                                                  | CUSIP: 59561SAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $917484.80    | 0.03%             | 2054-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Verve Metropolitan District No 1                                                 | VERVE MET DIST #1 CO                                                                                                                     | CUSIP: 92538YAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001968.20   | 0.04%             | 2052-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| County of Lake FL                                                                | LAKE CNTY FLA RETMNT FAC REVENUE                                                                                                         | CUSIP: 50826FAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2887311.60   | 0.11%             | 2040-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH HLTHSYS REVENUE                                                                                                 | CUSIP: 67884XCX3<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9647958.00   | 0.36%             | 2044-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                                    | CUSIP: 167505QY5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   3095000 | PA      | $3102111.69   | 0.12%             | 2044-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                         | CUSIP: 63608TAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $917025.99    | 0.03%             | 2030-12-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| I-470 Western Gateway Transportation Development District                        | I-470 WESTERN GATEWAY TRANSPRTN DEV DIST MO TRANSPRTN SALES                                                                              | CUSIP: 44952RAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4713658.00   | 0.17%             | 2048-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                                                                                        | CUSIP: 74529JQC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    274000 | PA      | $257923.16    | 0.01%             | 2027-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH STUDENT HSG REVENUE                                                                                                  | CUSIP: 45471FAY7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1626278.50   | 0.06%             | 2059-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Pingree Grove IL Special Service Area No 7                            | PINGREE GROVE IL SPL SVC AREA #7 SPL TAX REVENUE                                                                                         | CUSIP: 72342GAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8950000 | PA      | $8640060.61   | 0.32%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                                                                                      | CUSIP: 13048TSY0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2025000 | PA      | $1544773.48   | 0.06%             | 2045-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH FAC REVENUE                                                                                                     | CUSIP: 45471CBV9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2215000 | PA      | $1942216.77   | 0.07%             | 2040-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village of Antioch IL Special Service Areas No 1 & 2                             | ANTIOCH VLG IL SPL SVC AREAS NO 1 & 2 SPL TAX                                                                                            | CUSIP: 03717PAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3086000 | PA      | $3086001.54   | 0.11%             | 2033-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QKW1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   7425000 | PA      | $4909781.25   | 0.18%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                                                                                                | CUSIP: 041806HK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2016208.69   | 0.07%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                              | PUERTO RICO CMWLTH AQUEDUCT &SWR AUTH REVENUE                                                                                            | CUSIP: 745160TE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3850000 | PA      | $4006525.99   | 0.15%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                               | CUSIP: 74442PA88<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5290876.80   | 0.20%             | 2053-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                     | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                                                                                                     | CUSIP: 92708KAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $925437.60    | 0.03%             | 2044-05-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                            | THE CHILDRENS TRUST FUND PR TOBACCO SETTLEMENT REVENUE                                                                                   | CUSIP: 16876QBM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 345000000 | PA      | $9242274.00   | 0.34%             | 2057-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                     | KANSAS CITY MO INDL DEV AUTH                                                                                                             | CUSIP: 48503SGQ6<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1432726.52   | 0.05%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                         | STERLING RANCH CMNTY AUTH BRD CO SUPPORTED REVENUE                                                                                       | CUSIP: 85950NAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $995766.30    | 0.04%             | 2054-12-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Sagebrush Farm Metropolitan District No 1                                        | SAGEBRUSH FARM MET DIST #1 CO                                                                                                            | CUSIP: 78669HAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1513805.25   | 0.06%             | 2052-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | COLORADO ST EDUCTNL & CULTURAL FACS AUTH REVENUE                                                                                         | CUSIP: 19645RYY1<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    765000 | PA      | $703384.61    | 0.03%             | 2049-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Wakara Ridge Public Infrastructure District                                      | WAKARA RIDGE PUB INFRASTRUCTURE DIST UT SPL ASSMNT                                                                                       | CUSIP: 930814AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $984052.60    | 0.04%             | 2054-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                                    | CUSIP: 167505RM0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   4975000 | PA      | $5096191.00   | 0.19%             | 2046-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                         | STERLING RANCH CMNTY AUTH BRD CO SUPPORTED REVENUE                                                                                       | CUSIP: 85950NAQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2064130.20   | 0.08%             | 2042-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | CALIFORNIA HSG FIN AGY MUNI CTFS                                                                                                         | CUSIP: 13033DAH8<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |  15128825 | PA      | $609370.90    | 0.02%             | 2035-03-25      | Variable      | 0.82%                 | No            |                  2 | On Loan: No      |
| Suffolk Regional Off-Track Betting Corp                                          | SUFFOLK REGL OFF-TRACK BETTING CORP NY REV                                                                                               | CUSIP: 86480TAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3982631.60   | 0.15%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP RETMNT FAC REVENU                                                                             | CUSIP: 87638REV5<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    920445 | PA      | $0.01         | 0.00%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  3 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                                                                                             | CUSIP: 646140JZ7<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2528274.83   | 0.09%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vauxmont Metropolitan District                                                   | VAUXMONT MET DIST CO                                                                                                                     | CUSIP: 92242SAN3<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    149000 | PA      | $108500.27    | 0.00%             | 2050-12-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE                                                                             | CUSIP: 64542UDW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7485000 | PA      | $7134685.53   | 0.26%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Croix Chippewa Indians of Wisconsin                                           | ST CROIX CHIPPEWA INDIANS OF WISCONSIN                                                                                                   | CUSIP: 788400AA7<br>LEI: 5493006ZQ04VD450FS17 | Long             | DBT              | MUN               | US        |   6175000 | PA      | $5302804.72   | 0.20%             | 2041-09-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vauxmont Metropolitan District                                                   | VAUXMONT MET DIST CO                                                                                                                     | CUSIP: 92242SAV5<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    195000 | PA      | $204620.21    | 0.01%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                                                                                                       | CUSIP: 74514L4G9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   5172967 | PA      | $2858064.22   | 0.11%             | 2051-11-01      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Housing Corp                                                            | KENTUCKY ST HSG CORP MF REVENUE                                                                                                          | CUSIP: 491312ES9<br>LEI: 549300NTBUU903EKQ287 | Long             | DBT              | MUN               | US        |    850000 | PA      | $829757.42    | 0.03%             | 2040-11-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                                                                                                       | CUSIP: 74514L4C8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |  16361265 | PA      | $10614370.44  | 0.39%             | 2051-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ulster County Capital Resource Corp                                              | ULSTER CNTY NY CAPITAL RESOURCE CORP REVENUE                                                                                             | CUSIP: 903768AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3080000 | PA      | $2417141.80   | 0.09%             | 2047-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency                                                      | CMFA SPL FIN AGY CA ESSENTIAL HSG REVENUE                                                                                                | CUSIP: 12574WAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3090000 | PA      | $1910627.34   | 0.07%             | 2056-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 13                                     | VLG FL CDD #13 SPL ASSMNT REVENUE                                                                                                        | CUSIP: 92708HAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98971.45     | 0.00%             | 2026-05-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                    | BUCKS CNTY PA INDL DEV AUTH HOSP REVENUE                                                                                                 | CUSIP: 11861MBJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1102234.98   | 0.04%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                               | CUSIP: 74442PYS8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2060000 | PA      | $2070954.46   | 0.08%             | 2052-12-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                               | CUSIP: 74442PB61<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6736860.00   | 0.25%             | 2038-11-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                                                                                           | CUSIP: 63607WBE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1494617 | PA      | $1304865.50   | 0.05%             | 2041-01-20      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                                                                                       | CUSIP: 19648FTD6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1026651.67   | 0.04%             | 2041-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL REVENUE                                                                                                             | CUSIP: 14052WDN4<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $6241647.75   | 0.23%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Western Regional Off-Track Betting Corp                                          | WESTERN REGL OFF-TRACK BETTING CORP REVENUE                                                                                              | CUSIP: 959321AB6<br>LEI: 549300OJK9LIIXQUYY95 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1404286.13   | 0.05%             | 2041-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                                                                                               | CUSIP: 56681NCV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2040950.60   | 0.08%             | 2038-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Westminster MD                                                           | WESTMINSTER MD PROJ REVENUE                                                                                                              | CUSIP: 960735AR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $950042.28    | 0.04%             | 2039-07-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Monongalia County Commission Excise Tax District                                 | MONONGALIA CNTY WV COMMISSION SPL DIST EXCISE TAX REVENUE                                                                                | CUSIP: 61022CAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2075000 | PA      | $1719203.07   | 0.06%             | 2043-06-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | CALIFORNIA HSG FIN AGY MUNI CTFS                                                                                                         | CUSIP: 13033DAE5<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   4047147 | PA      | $3816616.61   | 0.14%             | 2035-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH HLTHSYS REVENUE                                                                                                 | CUSIP: 67884XCK1<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2856442.80   | 0.11%             | 2052-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH REVENUE                                                                                                                 | CUSIP: 46247SBT0<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2275000 | PA      | $1622161.22   | 0.06%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                     | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE                                                                                    | CUSIP: 5755792J5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10372196.00  | 0.38%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                                                                                      | CUSIP: 13048TNG4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3415000 | PA      | $3155853.41   | 0.12%             | 2042-01-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QVX7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |  10035000 | PA      | $6635643.75   | 0.25%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CHRT SCH LESE REVENUE                                                                                                 | CUSIP: 74446LAB6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    750000 | PA      | $656568.45    | 0.02%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ulster County Capital Resource Corp                                              | ULSTER CNTY NY CAPITAL RESOURCE CORP REVENUE                                                                                             | CUSIP: 903768AG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6635000 | PA      | $4986855.38   | 0.19%             | 2053-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE                                                                                              | CUSIP: 64578CAH4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2925000 | PA      | $2928027.96   | 0.11%             | 2029-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                               | CUSIP: 74442PYQ2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001610.00   | 0.04%             | 2032-12-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Umatilla County School District No 6R Umatilla                                   | UMATILLA CNTY OR SCH DIST #6 R UMATILLA                                                                                                  | CUSIP: 904115FJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $659203.80    | 0.02%             | 2053-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sarasota County Health Facilities Authority                                      | SARASOTA CNTY FL HLTH FACS AUTH RETMNT FAC REVENUE                                                                                       | CUSIP: 80329UBC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $3888837.00   | 0.14%             | 2052-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                               | CUSIP: 74442PAV7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1693409.39   | 0.06%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Vrain Lakes Metropolitan District No 4                                        | ST VRAIN LAKES MET DIST NO 4                                                                                                             | CUSIP: 85237KAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $677503.00    | 0.03%             | 2054-09-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE                                                                             | CUSIP: 64542UFP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $284635.10    | 0.01%             | 2037-11-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                           | CUSIP: 650116AQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17110000 | PA      | $17101554.50  | 0.63%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH SOL WST DISP REVENUE                                                                                | CUSIP: 83704DAM8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   3175000 | PA      | $349250.00    | 0.01%             | 2051-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 126292BD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3876479.50   | 0.14%             | 2056-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp/VA                                             | TOBACCO SETTLEMENT FING CORP VA                                                                                                          | CUSIP: 88880NAU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  28805000 | PA      | $23946005.53  | 0.89%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                        | CUSIP: 09182TDU8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2692222.00   | 0.10%             | 2055-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                                                                                      | CUSIP: 13048TNF6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    630000 | PA      | $609747.33    | 0.02%             | 2032-01-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Brazoria County Industrial Development Corp                                      | BRAZORIA CNTY TX INDL DEV CORP SOLID WST DISP FACS REVENUE                                                                               | CUSIP: 10604PAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7967633 | PA      | $796.76       | 0.00%             | 2042-06-01      | Fixed         | 10.00%                | No            |                  3 | On Loan: No      |
| City of Houston TX Hotel Occupancy Tax & Special Revenue                         | HOUSTON TX HOTEL OCCUPANCY TAX & SPL REVENUE                                                                                             | CUSIP: 44237NHW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4715000 | PA      | $4718829.99   | 0.18%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QZZ8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   3345000 | PA      | $2211881.25   | 0.08%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE                                                                                         | CUSIP: 57421CBR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $306324.36    | 0.01%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alachua County Health Facilities Authority                                       | ALACHUA CNTY FL HLTH FACS AUTH CCRC                                                                                                      | CUSIP: 010684BK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1388565.33   | 0.05%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | California Housing Finance Agency                                                                                                        | CUSIP: 13033DAK1<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |  13421995 | PA      | $607585.52    | 0.02%             | 2036-08-20      | Variable      | 0.77%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp                                | RHODE ISLAND ST HLTH & EDUCTNL BLDG CORP REVENUE                                                                                         | CUSIP: 762244FM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1604333.92   | 0.06%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HOTEL REVENUE                                                                                                         | CUSIP: 74447DAG2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   7850000 | PA      | $7945204.02   | 0.29%             | 2062-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Point Phase 1 Public Infrastructure District No 1                                | POINT PHASE 1 PUB INFRASTRUCTURE DIST #1 UT TAX ASSMNT & GEN                                                                             | CUSIP: 73058EAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2140365.04   | 0.08%             | 2055-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: IS339Y1   IRS USD R F   .00000 IS339Y1MMD 3.64 03252025 C / Short: IS339Y1   IRS USD P F   .00000 IS339Z2/MUNIRATELOCK/10Y/T3750   | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  20000000 | OU      | $403030.80    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH ECON DEV REVENUE                                                                                    | CUSIP: 837031F65<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    185000 | PA      | $172529.54    | 0.01%             | 2039-08-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                             | JEFFERSON CNTY AL SWR REVENUE WARRANTS                                                                                                   | CUSIP: 472682ZR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10029301.00  | 0.37%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE                                                                                   | CUSIP: 939783ZA7<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $877616.10    | 0.03%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                                           | Long: IS34085   IRS USD R F   .00000 IS34085/MMD 3.84 04222025 / Short: IS34085   IRS USD P F   .00000 IS34096/MUNIRATELOCK/10Y/T3750    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |  10000000 | OU      | $373452.10    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS31F25   IRS USD R F  4.09150 IS31F25 CCPOIS / Short: SS31F25   IRS USD P V 00MSOFR IS31F36 CCPOIS                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  34700000 | OU      | $1146518.00   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Vancouver Housing Authority                                                      | VANCOUVER WA HSG AUTH                                                                                                                    | CUSIP: 921626PU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3970000 | PA      | $3860147.32   | 0.14%             | 2038-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority                               | WISCONSIN ST HSG & ECON DEV AUTH MF HSG                                                                                                  | CUSIP: 97689RER1<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1363630.47   | 0.05%             | 2040-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH AFFORDABLE HSG CTFS                                                                                                 | CUSIP: 63607DAE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2859064 | PA      | $2856458.16   | 0.11%             | 2041-06-20      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| City of Ashland KY                                                               | ASHLAND KY MED CENTER REVENUE                                                                                                            | CUSIP: 044293CA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $689781.64    | 0.03%             | 2038-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Center District                                                        | WISCONSIN CENTER DIST WI TAX REVENUE                                                                                                     | CUSIP: 976595GP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  44075000 | PA      | $11966948.70  | 0.44%             | 2050-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                                                                                        | CUSIP: 74529JRJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5275000 | PA      | $4880799.25   | 0.18%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                                                                                             | CUSIP: 59447TM26<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |  18000000 | PA      | $1639328.40   | 0.06%             | 2065-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                              | CUSIP: 13013JCC8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3335000 | PA      | $3377732.99   | 0.13%             | 2053-07-01      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                   | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH                                                                                                  | CUSIP: 118217DA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  46605000 | PA      | $4077420.18   | 0.15%             | 2057-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Columbia Housing Authority/SC                                                    | COLUMBIA SC HSG AUTH MF HSG REVENUE                                                                                                      | CUSIP: 198409AH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $307784.86    | 0.01%             | 2039-11-01      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| Lees Summit Industrial Development Authority                                     | LEES SUMMIT MO INDL DEV AUTH SENIOR LIVING FACS REVENUE                                                                                  | CUSIP: 524292AQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1970871.40   | 0.07%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                                                                                                     | CUSIP: 04052BCS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1692775.43   | 0.06%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Colby KS                                                                 | COLBY KS HOSP LOAN ANTICIPATION REV                                                                                                      | CUSIP: 19277TAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5012324.50   | 0.19%             | 2026-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH SENIOR LIVING REVENUE                                                                                           | CUSIP: 04052TDM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3045000 | PA      | $2838224.71   | 0.11%             | 2065-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Housing & Redevelopment Authority of The City of St Paul Minnesota               | SAINT PAUL MN HSG & REDEV AUTH CHRT SCH LEASE REVENUE                                                                                    | CUSIP: 852297DG2<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $987000.00    | 0.04%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 126292AH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $4927183.10   | 0.18%             | 2056-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                                                                                        | CUSIP: 74529JPV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2637000 | PA      | $2510836.43   | 0.09%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Toledo-Lucas County Port Authority                                               | TOLEDO-LUCAS CNTY OH PORT AUTH PARKING SYS REVENUE                                                                                       | CUSIP: 889259AL1<br>LEI: 549300H1LURZO4MT2Q75 | Long             | DBT              | MUN               | US        |   7065000 | PA      | $5192339.09   | 0.19%             | 2057-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE                                                                                   | CUSIP: 837032BV2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $902593.10    | 0.03%             | 2042-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                  | KENTUCKY ST ECON DEV FIN AUTH HLTH CARE REVENUE                                                                                          | CUSIP: 49126TAK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1328889.78   | 0.05%             | 2045-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS30FB1   IRS USD R F  2.53125 IS30FB1 CCPINFLATIONZERO / Short: SS30FB1   IRS USD P V 12MUSCPI IS30FC2 CCPINFLATIONZERO           | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        | 153680000 | OU      | $-1547365.50  | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| City of Atlanta GA Airport Passenger Facility Charge                             | ATLANTA GA ARPT PASSENGER FAC CHARGE REVENUE                                                                                             | CUSIP: 04780TEY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11475000 | PA      | $11749305.29  | 0.44%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                  | KENTUCKY ST ECON DEV FIN AUTH                                                                                                            | CUSIP: 49126KKC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4045000 | PA      | $4058294.30   | 0.15%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Whiting IN                                                               | WHITING IN ENVRNMNTL FACS REVENUE                                                                                                        | CUSIP: 96634RAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8274212.80   | 0.31%             | 2045-11-01      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| Grays Harbor County Public Hospital District No 1                                | GRAYS HARBOR CNTY WA PUBLIC HOSP DIST #1 HOSP REVENUE                                                                                    | CUSIP: 389526AJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075090.90   | 0.04%             | 2053-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| City of Tampa FL                                                                 | TAMPA FL CAPITAL IMPT CIGARETTE TAX ALLOCATION                                                                                           | CUSIP: 875146AX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $430743.45    | 0.02%             | 2039-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery OH                                                          | MONTGOMERY CNTY OH SENIOR LIVING REVENUE                                                                                                 | CUSIP: 613554AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4139643 | PA      | $49054.77     | 0.00%             | 2049-04-01      | Fixed         | 6.25%                 | No            |                  3 | On Loan: No      |
| California Housing Finance Agency                                                | CALIFORNIA HSG FIN AGY MUNI CTFS                                                                                                         | CUSIP: 13033DAC9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   4803669 | PA      | $4869241.89   | 0.18%             | 2033-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Tampa FL                                                                 | TAMPA FL CAPITAL IMPT CIGARETTE TAX ALLOCATION                                                                                           | CUSIP: 875146BA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $411704.60    | 0.02%             | 2042-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP RETMNT FAC REVENU                                                                             | CUSIP: 87638RHV2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    677578 | PA      | $0.01         | 0.00%             | 2047-11-15      | Fixed         | 5.25%                 | No            |                  3 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                                                                                      | CUSIP: 13048TNC3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3795000 | PA      | $75900.00     | 0.00%             | 2032-12-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                                      | Long: SS2GDO9   IRS USD R F  2.83200 IS2GDO9 CCPOIS / Short: SS2GDO9   IRS USD P V 00MSOFR IS2GDP0 CCPOIS                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |  15000000 | OU      | $-2128872.73  | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| Verve Metropolitan District No 1                                                 | VERVE MET DIST #1 CO                                                                                                                     | CUSIP: 92538YAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002635.30   | 0.04%             | 2043-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH REVENUE                                                                                                         | CUSIP: 04052ABH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8963863 | PA      | $8711573.81   | 0.32%             | 2033-05-20      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| County of Lee FL Airport Revenue                                                 | LEE CNTY FL ARPT REVENUE                                                                                                                 | CUSIP: 523470HY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2083817.16   | 0.08%             | 2054-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA TAX INCR REVENUE                                                                                                        | CUSIP: 254840ED9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $597700.00    | 0.02%             | 2041-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL                                                          | PALM BEACH CNTY FL REVENUE                                                                                                               | CUSIP: 696547GJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $973275.50    | 0.04%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Reno NV                                                                  | RENO NV SALES TAX REVENUE                                                                                                                | CUSIP: 759861EJ2<br>LEI: 549300M4R5WWSUWY8D52 | Long             | DBT              | MUN               | US        |   8500000 | PA      | $1253425.30   | 0.05%             | 2058-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HOTEL REVENUE                                                                                                         | CUSIP: 74447DAF4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8526039.75   | 0.32%             | 2052-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QZL9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1097675.00   | 0.04%             | 2020-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 126292AY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1601938.50   | 0.06%             | 2056-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                                                                                                | CUSIP: 041807CD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1072098.61   | 0.04%             | 2052-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                                    | CUSIP: 167505QP4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   5405000 | PA      | $5368504.36   | 0.20%             | 2035-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Berks County Municipal Authority/The                                             | BERKS CNTY PA MUNI AUTH                                                                                                                  | CUSIP: 084538JL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1091626.77   | 0.04%             | 2044-06-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QXP2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1038162.50   | 0.04%             | 2024-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                 | PORT OF GTR CINCINNATI DEV AUTH OH EDU REVENUE                                                                                           | CUSIP: 73421LAA9<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987019.50    | 0.04%             | 2056-06-15      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QZY1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1322500.00   | 0.05%             | 2042-07-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV                                                                                 | CUSIP: 79766DWU9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2322471.00   | 0.09%             | 2042-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Jefferson County Port Authority/OH                                               | JEFFERSON CNTY OH PORT AUTH ECECON DEV REVENUE                                                                                           | CUSIP: 473318AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $2664555.00   | 0.10%             | 2051-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH SENIOR LIVING REVENUE                                                                                           | CUSIP: 04052TDL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3955000 | PA      | $3831426.42   | 0.14%             | 2055-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH REVENUE                                                                                                              | CUSIP: 45506EEL3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996082.10    | 0.04%             | 2027-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL                                                          | PALM BEACH CNTY FL REVENUE                                                                                                               | CUSIP: 696547HR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $925731.10    | 0.03%             | 2054-06-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS34PD5   IRS USD R F  3.77200 IS34PD5 CCPOIS / Short: SS34PD5   IRS USD P V 00MSOFR IS34PE6 CCPOIS                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  77500000 | OU      | $1333441.66   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                           | CUSIP: 650116GX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1924423.20   | 0.07%             | 2049-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT REVENUE                                                                                       | CUSIP: 93978LGR1<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2960000 | PA      | $3139287.20   | 0.12%             | 2063-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                                                                                               | CUSIP: 167486XF1<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |     90000 | PA      | $87967.12     | 0.00%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fayetteville State University                                                    | FAYETTEVILLE NC ST UNIV                                                                                                                  | CUSIP: 312810FG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $771837.59    | 0.03%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                                                                                                          | CUSIP: 546399UX2<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2124213.12   | 0.08%             | 2055-06-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Shelby County Health Educational & Housing Facilities Board                      | SHELBY CNTY TN HLTH EDUCTNL &HSG FACS BRD RSDL CARE FAC MTG                                                                              | CUSIP: 82169JAP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $2678116.03   | 0.10%             | 2049-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALIGN CAPITAL SER 2025-1                                                         | Align Capital Series Trust 2025-1                                                                                                        | CUSIP: 01632JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2989308.00   | 0.11%             | 2052-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Board of Managers Joint Guadalupe County-City of Seguin Hospital                 | BRD OF MANAGERS TX JT GUADALUPE CNTY-CITY OF SEGUIN HOSP MTG                                                                             | CUSIP: 09659MAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1411870.95   | 0.05%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newark Higher Education Finance Corp                                             | NEWARK HGR EDU FIN CORP TX EDU REVENUE                                                                                                   | CUSIP: 650346DZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $944834.03    | 0.04%             | 2051-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH ENERGY FAC REVENUE                                                                                           | CUSIP: 64577QAG6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   7515000 | PA      | $7068779.59   | 0.26%             | 2043-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                               | CUSIP: 74442PMU6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5095000 | PA      | $4963166.88   | 0.18%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 126292BT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5800000 | PA      | $3622613.88   | 0.13%             | 2056-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                               | CUSIP: 74442PQ24<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025565.60   | 0.04%             | 2045-01-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                                    | CUSIP: 167505XA9<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    750000 | PA      | $765165.30    | 0.03%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                          | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE                                                                                     | CUSIP: 292723BN2<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2732972.04   | 0.10%             | 2054-07-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                               | CUSIP: 74442PCQ6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   8770000 | PA      | $7809810.41   | 0.29%             | 2048-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                                                                                                     | CUSIP: 04052BTC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $927201.40    | 0.03%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                                                                                          | CUSIP: 84136FBT3<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $5049053.32   | 0.19%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                            | CUSIP: 592647PD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $988264.80    | 0.04%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST COMMODITY SPLY REV                                                                             | CUSIP: 84136GAK1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1840000 | PA      | $2359037.10   | 0.09%             | 2054-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Vauxmont Metropolitan District                                                   | VAUXMONT MET DIST CO                                                                                                                     | CUSIP: 92242SBE2<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    205000 | PA      | $196394.74    | 0.01%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                                                                                      | CUSIP: 13048TTR4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1950520.00   | 0.07%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD                                                                             | CUSIP: 04052FCV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $7590453.00   | 0.28%             | 2051-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima/The                       | PIMA CNTY AZ INDL DEV AUTH SENIOR LIVING REVENUE                                                                                         | CUSIP: 72178AAJ1<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033176.80   | 0.04%             | 2057-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE                                                                                   | CUSIP: 939783TF3<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    810000 | PA      | $810146.04    | 0.03%             | 2026-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                                     | CUSIP: 57585BBJ6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2178881.94   | 0.08%             | 2026-10-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Dallas County Flood Control District No 1                                        | DALLAS CNTY TX FLOOD CONTROL DIST                                                                                                        | CUSIP: 234662DY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1993953.40   | 0.07%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broadway Station Metropolitan District No 3                                      | BROADWAY STATION MET DIST NO 3 CO                                                                                                        | CUSIP: 111571AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1284176.60   | 0.05%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                                                                                       | CUSIP: 19648A5M3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1059726.50   | 0.04%             | 2045-12-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI MF HSG REVENUE                                                                                                        | CUSIP: 74441XHQ5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6975000 | PA      | $6415630.81   | 0.24%             | 2053-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                     | MASSACHUSETTS ST PORT AUTH                                                                                                               | CUSIP: 575896TK1<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |    800000 | PA      | $890343.31    | 0.03%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                             | MIDA MOUNTAIN VLG PUBLIC INFRASTRUCTURE DIST UT TAX ALLOCATI                                                                             | CUSIP: 59561UAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991423.00    | 0.04%             | 2054-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH ECON DEV REVENUE                                                                                                | CUSIP: 040523AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $91800.00     | 0.00%             | 2051-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH REVENUE                                                                                                | CUSIP: 696507VL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1634080.77   | 0.06%             | 2056-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fayetteville State University                                                    | FAYETTEVILLE NC ST UNIV                                                                                                                  | CUSIP: 312810FQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1318523.96   | 0.05%             | 2041-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS309H5   IRS USD R V 12MUSCPI IS309I6 CCPINFLATIONZERO / Short: BS309H5   IRS USD P F  2.51600 IS309H5 CCPINFLATIONZERO           | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        | 100062000 | OU      | $1148267.48   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                                                                                                    | CUSIP: 592250AP9<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |  24500000 | PA      | $10713680.95  | 0.40%             | 2041-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Point Phase 1 Public Infrastructure District No 1                                | POINT PHASE 1 PUB INFRASTRUCTURE DIST #1 UT TAX ASSMNT & GEN                                                                             | CUSIP: 73058EAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000487.30   | 0.04%             | 2045-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                               | CUSIP: 74442PD36<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3276758.70   | 0.12%             | 2059-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                                                                                                        | CUSIP: 688031ES8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $127474.53    | 0.00%             | 2037-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                        | CUSIP: 09182TCT2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3330000 | PA      | $3530984.01   | 0.13%             | 2049-06-01      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Abilene Convention Center Hotel Development Corp                                 | ABILENE TX CONVENTION CENTER HOTEL DEV CORP HOTEL REVENUE                                                                                | CUSIP: 00344PAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2895000 | PA      | $2123482.21   | 0.08%             | 2050-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                 | CALIFORNIA ST POLL CONTROL FING AUTH WTR FURNISHING REVENUE                                                                              | CUSIP: 13054WAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8595000 | PA      | $8147374.98   | 0.30%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lees Summit Industrial Development Authority                                     | LEES SUMMIT MO INDL DEV AUTH SENIOR LIVING FACS REVENUE                                                                                  | CUSIP: 524292AR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5585000 | PA      | $4718514.62   | 0.18%             | 2046-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDL DEV CHRT SCH REVENUE                                                                                       | CUSIP: 71780CBH2<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   3650000 | PA      | $2690500.41   | 0.10%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH REVENUE                                                                                                              | CUSIP: 45506EEK5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $995523.30    | 0.04%             | 2026-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Securities LLC                                                          | Long: IS34RH3   IRS USD R F   .00000 IS34RH3/MMD. 3.69 06032025 / Short: IS34RH3   IRS USD P F   .00000 IS34RI4/MUNIRATELOCK/10Y/T3750   | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              |  | US        |   8000000 | OU      | $154324.56    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QWD0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   3725000 | PA      | $2463156.25   | 0.09%             | 2027-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                                    | CUSIP: 167505ZG4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5093401.00   | 0.19%             | 2049-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                                               | Long: IS35550   IRS USD R F   .00000 IS35550/MMD 3.57 20260625 / Short: IS35550   IRS USD P F   .00000 IS35561/MUNIRATELOCK/10Y/T3750    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |  15000000 | OU      | $89410.20     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| City of Valparaiso IN                                                            | VALPARAISO IN EXEMPT FACS REVENUE                                                                                                        | CUSIP: 92028RAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1840210.20   | 0.07%             | 2054-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverwalk Metropolitan District No 2                                             | RIVERWALK METRO DIST #2 CO                                                                                                               | CUSIP: 769504AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2573202.90   | 0.10%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | COLORADO ST EDUCTNL & CULTURAL FACS AUTH REVENUE                                                                                         | CUSIP: 19645RYX3<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    890000 | PA      | $822112.85    | 0.03%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency VIII                                                 | CMFA SPL FIN AGY VIII CA ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 12574VAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2610000 | PA      | $2253942.50   | 0.08%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH POLL CONTROL REVENUE                                                                                                 | CUSIP: 45505VAE6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   4025000 | PA      | $3812641.81   | 0.14%             | 2030-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                                                                                           | CUSIP: 63607WAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16290082 | PA      | $15808188.93  | 0.59%             | 2036-09-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Crawford County Hospital Authority                                               | CRAWFORD CNTY PA HOSP AUTH                                                                                                               | CUSIP: 225004AQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7950000 | PA      | $7954808.16   | 0.30%             | 2046-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| County of Marion OH                                                              | MARION CNTY OH HLTH CARE FAC REVENUE                                                                                                     | CUSIP: 569120AW8<br>LEI: 549300Y83A05IEINZY87 | Long             | DBT              | MUN               | US        |    690000 | PA      | $496040.66    | 0.02%             | 2049-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| County of Washington OH                                                          | WASHINGTON CNTY OH HOSP REVENUE                                                                                                          | CUSIP: 938154DW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029689.20   | 0.04%             | 2042-12-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Indiana Housing & Community Development Authority                                | INDIANA ST HSG & CMNTY DEV AUTH MF HSG REVENUE                                                                                           | CUSIP: 45506CBA4<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1097704.47   | 0.04%             | 2041-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                               | CUSIP: 74442PRN7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $922594.40    | 0.03%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                                                                                           | CUSIP: 63607WAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10553562 | PA      | $205700.53    | 0.01%             | 2036-09-20      | Variable      | 0.35%                 | No            |                  2 | On Loan: No      |
| Align Affordable Housing Bond Fund LP                                            | ALIGN CAP SER 2022-1 TRUST VIRGINIA                                                                                                      | CUSIP: 01630QAA6<br>LEI: 549300B2I0LUTCXK9B86 | Long             | DBT              | MUN               | US        |   7300000 | PA      | $6566851.51   | 0.24%             | 2052-08-01      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                                                                                             | CUSIP: 59447PYT2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |  13580000 | PA      | $13617962.89  | 0.51%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH LTD OBLIG REVENUE                                                                                                   | CUSIP: 594479HM2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |     95000 | PA      | $95039.50     | 0.00%             | 2027-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                               | CUSIP: 74442PTM7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3970000 | PA      | $2773626.21   | 0.10%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                                           | LANCASTER CNTY PA HOSP AUTH                                                                                                              | CUSIP: 514045V67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $410301.65    | 0.02%             | 2045-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                    | Citigroup Inc                                                                                                                            | CUSIP: 172967PC9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   6300000 | PA      | $6555402.00   | 0.24%             | 2028-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE                                                                                           | CUSIP: 09182NCT5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $3284859.60   | 0.12%             | 2053-12-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDL DEV                                                                                                        | CUSIP: 71781PBP4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2390000 | PA      | $2297211.36   | 0.09%             | 2045-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Wohali Public Infrastructure District No 1                                       | WOHALI PUB INFRASTRUCTURE DISTNO 1 UTAH SPL ASSMNT REV                                                                                   | CUSIP: 929335AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2035001.20   | 0.08%             | 2042-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV                                                                              | CUSIP: 70868YAZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4117595.60   | 0.15%             | 2062-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| County of Monongalia WV                                                          | MONONGALIA CNTY WV COMMISSION TX INCR REVENUE                                                                                            | CUSIP: 61022DAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $408568.72    | 0.02%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                              | LOUISVILLE & JEFFERSON CNTY KY MET GOVT HLTH SYS REVENUE                                                                                 | CUSIP: 54659LBY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $380143.37    | 0.01%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 126292AP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $7674820.00   | 0.28%             | 2056-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                                                                                            | CUSIP: 140427BJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1366231.10   | 0.05%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority                               | WISCONSIN ST HSG & ECON DEV AUTH MF HSG                                                                                                  | CUSIP: 97689REQ3<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |   7370000 | PA      | $6218312.95   | 0.23%             | 2039-12-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 126292AM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $5447415.00   | 0.20%             | 2056-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                                                                                        | CUSIP: 74529JQD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1519000 | PA      | $1332274.19   | 0.05%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Tobacco Settlement Financing Corp                           | DIST OF COLUMBIA TOBACCO SETTLEMENT FING CORP                                                                                            | CUSIP: 254842BD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  86500000 | PA      | $7762155.35   | 0.29%             | 2055-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH FAC REVENUE                                                                                                     | CUSIP: 45471CCR7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9909061.00   | 0.37%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH LTD OBLIG REVENUE                                                                                                   | CUSIP: 594479HP5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1115000 | PA      | $916175.10    | 0.03%             | 2042-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                         | CUSIP: 63608TAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1819146.24   | 0.07%             | 2035-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tobacco Securitization Authority of Southern California                          | TOBACCO SECURITIZATION AUTH STHRN CA TOBACCO SETTLEMENT REVE                                                                             | CUSIP: 888804BA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3215000 | PA      | $593682.22    | 0.02%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Michigan Tobacco Settlement Finance Authority                                    | MICHIGAN ST TOBACCO SETTLEMENT FIN AUTH                                                                                                  | CUSIP: 594751AM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 164100000 | PA      | $4255227.87   | 0.16%             | 2058-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily                                                          | Freddie Mac Multifamily ML Certificates                                                                                                  | CUSIP: 3137H9JP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6415761 | PA      | $344441.66    | 0.01%             | 2036-07-25      | Variable      | 0.96%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                                         | Long: IS32T15   IRS USD R F   .00000 IS32T15/MMD 3.35 03112025 / Short: IS32T15   IRS USD P F   .00000 IS32T26/MUNIRATELOCK/10Y/T3750    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              |  | US        |  10000000 | OU      | $-70713.90    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE                                                                                              | CUSIP: 64578CCE9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2014639.20   | 0.07%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                                             | CUSIP: 45204FKR5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $818859.90    | 0.03%             | 2042-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                                    | CUSIP: 167505RP3<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2472792.24   | 0.09%             | 2042-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH ECON DEV REVENUE                                                                                    | CUSIP: 837031D91<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   6135000 | PA      | $4245612.64   | 0.16%             | 2052-06-01      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QVA7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   3700000 | PA      | $2446625.00   | 0.09%             | 2024-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                                               | ESSEX CNTY NJ IMPT AUTH CHRT SCH REVENUE                                                                                                 | CUSIP: 29681CAL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $792471.60    | 0.03%             | 2050-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | COLORADO EDUCTNL & CULTURAL AUTH REVENUE                                                                                                 | CUSIP: 19645UQZ0<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4041118.00   | 0.15%             | 2034-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH SYS REVENUE                                                                                                     | CUSIP: 45470YGA3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   5780000 | PA      | $6070840.93   | 0.23%             | 2045-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Berks County Municipal Authority/The                                             | BERKS CNTY PA MUNI AUTH                                                                                                                  | CUSIP: 084538JK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2438000 | PA      | $1704684.71   | 0.06%             | 2044-06-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Apple Valley MN                                                          | APPLE VY MN SENIOR HSG REVENUE                                                                                                           | CUSIP: 03800RBG0<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    870000 | PA      | $607281.75    | 0.02%             | 2061-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                                                                                             | CUSIP: 646140KA0<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6756201.00   | 0.25%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                                                                                            | CUSIP: 97712JED1<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $1868771.28   | 0.07%             | 2047-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                                                                                      | CUSIP: 13048VBY3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2919770.40   | 0.11%             | 2043-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                                                                                            | CUSIP: 140427BN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052653.10   | 0.04%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                              | Long: IS302D2   IRS USD R F   .00000 IS302D2/R F MMD. 3.24 102224 / Short: IS302D2   IRS USD P F   .00000 IS302E3/MUNIRATELOCK/10Y/T3750 | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DIR              |  | US        |  10000000 | OU      | $-334.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 126292BU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7360000 | PA      | $4037862.34   | 0.15%             | 2058-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA JOBS-ECON DEV AUTH ENVRNMNTL IMPT REVENUE                                                                                 | CUSIP: 83703DAA5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2008810.40   | 0.07%             | 2033-04-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Utah UT                                                                | UTAH CNTY UT HOSP REVENUE                                                                                                                | CUSIP: 917393DD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1958504.00   | 0.07%             | 2050-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverwalk Metropolitan District No 2                                             | RIVERWALK METRO DIST #2 CO                                                                                                               | CUSIP: 769504AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $804575.00    | 0.03%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Housing & Redevelopment Authority of The City of St Paul Minnesota               | SAINT PAUL MN HSG & REDEV AUTH CHRT SCH LEASE REVENUE                                                                                    | CUSIP: 852297DJ6<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $470000.00    | 0.02%             | 2056-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Lincoln SD                                                             | LINCOLN CNTY SD ECON DEV REVENREV                                                                                                        | CUSIP: 53340EAA5<br>LEI: 549300USXDZ5FGJLUV88 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $841405.10    | 0.03%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | ARKANSAS ST DEV FIN AUTH INDL DEV REVENUE                                                                                                | CUSIP: 04108WCF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $13994843.20  | 0.52%             | 2048-07-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No 40                                           | MULTNOMAH CNTY OR SCH DIST #40                                                                                                           | CUSIP: 625693JN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $2565229.00   | 0.10%             | 2051-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT FING CORP NJ                                                                                                          | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  44825000 | PA      | $43080379.62  | 1.60%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH DOCK & WHARF FAC REVENUE                                                                                     | CUSIP: 64578TAB0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2122498.14   | 0.08%             | 2045-01-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Berks County Municipal Authority/The                                             | BERKS CNTY PA MUNI AUTH                                                                                                                  | CUSIP: 084538JD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1389429.18   | 0.05%             | 2034-06-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Taney County Industrial Development Authority                                    | TANEY CNTY MO INDL DEV AUTH SALES TAX REVENUE                                                                                            | CUSIP: 87539QAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1884230.00   | 0.07%             | 2049-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE                                                                             | CUSIP: 64542UGB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3348148.50   | 0.12%             | 2057-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Mobile County Industrial Development Authority                                   | MOBILE CNTY AL INDL DEV AUTH SOL WST DISP REVENUE                                                                                        | CUSIP: 60733UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2545000 | PA      | $2210254.62   | 0.08%             | 2054-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI TOLL REVENUE                                                                                                          | CUSIP: 74448UAB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9792929.00   | 0.36%             | 2060-06-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                                         | Long: IS35HH6   IRS USD R F   .00000 MMD 2.93 20260713 IS35HH6 / Short: IS35HH6   IRS USD P F   .00000 IS35HI7 MUNIRATELOCK/5Y/T3750     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              |  | US        |  10000000 | OU      | $103944.30    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SPL REVENUE                                                                                                           | CUSIP: 74447TAF9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    908000 | PA      | $908023.15    | 0.03%             | 2032-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Vermont Educational & Health Buildings Financing Agency                          | VERMONT ST EDUCTNL & HLTH BLDGS FING AGY REVENUE                                                                                         | CUSIP: 924166LH2<br>LEI: 549300ZC1ZW1EUIIV708 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1301127.60   | 0.05%             | 2043-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                              | CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 13013FBB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3188937.50   | 0.12%             | 2057-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | ARKANSAS ST DEV FIN AUTH INDL DEV REVENUE                                                                                                | CUSIP: 04108WCE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2856830.58   | 0.11%             | 2048-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE                                                                                     | CUSIP: 13034AQ86<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1990000 | PA      | $1618836.94   | 0.06%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                 | WASHINGTON DC MET AREA TRANSIT AUTH DEDICATED REVENUE                                                                                    | CUSIP: 93878YDV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10075856.00  | 0.37%             | 2054-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vail Home Partners Corp                                                          | VAIL HOME PARTNERS CORP CO HSG FACS REVENUE                                                                                              | CUSIP: 91879VAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1967314.80   | 0.07%             | 2064-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE                                                                                                | CUSIP: 14054CFK0<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989094.00    | 0.04%             | 2048-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                                                                                                      | CUSIP: 593340AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2258187.00   | 0.08%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency VIII                                                 | CMFA SPL FIN AGY VIII CA ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 12574VAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6800000 | PA      | $4315584.64   | 0.16%             | 2056-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Housing Finance Authority                                      | MIAMI-DADE CNTY FL HSG FIN AUTH MF MTGE REVENUE                                                                                          | CUSIP: 593347AJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005380.20   | 0.04%             | 2027-06-01      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                                                                                           | CUSIP: 63607WAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11710822 | PA      | $11636575.42  | 0.43%             | 2034-01-20      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                  | KENTUCKY ST ECON DEV FIN AUTH HLTH CARE REVENUE                                                                                          | CUSIP: 49126TAJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7765000 | PA      | $6321992.78   | 0.23%             | 2042-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                               | DETROIT MI RETIREMENT SYS FUNDING TRUST 2005 COPS                                                                                        | CUSIP: 25113PAM7<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   1622138 | PA      | $1703244.38   | 0.06%             | 2049-06-15      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QA28<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $661250.00    | 0.02%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sparks NV                                                                | SPARKS NV TOURISM IMPT DIST #1 REVENUE                                                                                                   | CUSIP: 846562AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $682732.62    | 0.03%             | 2028-06-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust V                                                | NEW YORK CNTYS NY TOBACCO TRUST V                                                                                                        | CUSIP: 649441AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  51990000 | PA      | $7289569.89   | 0.27%             | 2050-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL REVENUE                                                                                                             | CUSIP: 14052WDM6<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    840000 | PA      | $804933.11    | 0.03%             | 2031-07-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA TAX INCR REVENUE                                                                                                        | CUSIP: 254840EC1<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2720000 | PA      | $2733762.38   | 0.10%             | 2034-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QXM9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1034856.25   | 0.04%             | 2022-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Housing Finance Authority                                      | MIAMI-DADE CNTY FL HSG FIN AUTH MF MTGE REVENUE                                                                                          | CUSIP: 593347AH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1382753.25   | 0.05%             | 2052-06-01      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS30997   IRS USD R F  3.81350 IS30997 CCPOIS / Short: SS30997   IRS USD P V 00MSOFR IS309A8 CCPOIS                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  40545000 | OU      | $596254.88    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                          | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE                                                                               | CUSIP: 882667BX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10072244.00  | 0.37%             | 2058-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                        | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2534997.48   | 0.09%             | 2055-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Local Government Finance Commission                                      | FLORIDA LOC GOVT FIN COMMISSION SENIOR LIVING REVENUE                                                                                    | CUSIP: 34077UAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1312387.21   | 0.05%             | 2064-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                                                                                       | CUSIP: 19648FTG9<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1507429.20   | 0.06%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Educational Facilities Authority                               | PALM BEACH CNTY FL EDUCTNL FACS AUTH                                                                                                     | CUSIP: 696506AR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $854724.60    | 0.03%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Eastern Illinois Economic Development Authority                                  | ESTRN IL ECON DEV AUTH BUSINESS DIST                                                                                                     | CUSIP: 276519AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1921303.00   | 0.07%             | 2046-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Jefferson County Port Authority/OH                                               | JEFFERSON CNTY OH PORT AUTH ECECON DEV REVENUE                                                                                           | CUSIP: 473318AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004101.80   | 0.07%             | 2053-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                                                                                             | CUSIP: 34061ULY2<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2365000 | PA      | $2323381.68   | 0.09%             | 2058-04-23      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| Scranton-Lackawanna Health and Welfare Authority                                 | SCRANTON-LACKAWANNA PA HLTH & WELFARE AUTH                                                                                               | CUSIP: 810694Q51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11900000 | PA      | $11572040.76  | 0.43%             | 2053-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Greenville Housing Authority/SC                                                  | GREENVILLE SC HSG AUTH RSDL DEV REVENUE                                                                                                  | CUSIP: 396484AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4321815.00   | 0.16%             | 2063-05-01      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                               | CUSIP: 74442PZR9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     40000 | PA      | $43908.86     | 0.00%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                              | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE                                                                                           | CUSIP: 9277816F6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3110000 | PA      | $2379624.28   | 0.09%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE                                                                                   | CUSIP: 60637AXE7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |  10500000 | PA      | $11303565.00  | 0.42%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Gallatin MT                                                            | GALLATIN CNTY MT INDL DEV REVENUE                                                                                                        | CUSIP: 363671BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4245000 | PA      | $3217373.80   | 0.12%             | 2055-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                                                                                                | CUSIP: 6262072Q6<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    605000 | PA      | $612127.20    | 0.02%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH REVENUE                                                                                                | CUSIP: 696507VM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1401404.60   | 0.05%             | 2027-07-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                                                                                            | CUSIP: 140427CQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3525000 | PA      | $3193145.93   | 0.12%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fridley MN                                                               | FRIDLEY MN MF HSG REVENUE                                                                                                                | CUSIP: 358413AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3060000 | PA      | $3032857.80   | 0.11%             | 2041-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BRIDGEWATER CASTLE ROCK                                                          | Bridgewater Castle Rock ALF LLC                                                                                                          | CUSIP: 108623AA7<br>LEI: N/A                  | Long             | DBT              |  | US        |   2545000 | PA      | $2545000.00   | 0.09%             | 2025-09-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH EDU REVENUE                                                                                                         | CUSIP: 63607EAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1530804.30   | 0.06%             | 2065-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 126292AR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1330800.40   | 0.05%             | 2056-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp                                | RHODE ISLAND ST HLTH & EDUCTNL BLDG CORP REVENUE                                                                                         | CUSIP: 762244FL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004349.40   | 0.04%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima/The                       | PIMA CNTY AZ INDL DEV AUTH SENIOR LIVING REVENUE                                                                                         | CUSIP: 72178AAG7<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3402815.65   | 0.13%             | 2042-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                             | GUAM GOVT WTRWKS AUTH WTR & WSTWTR SYS REVENUE                                                                                           | CUSIP: 40065FFK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2790000 | PA      | $2841040.54   | 0.11%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Knox County Industrial Development Board                                         | KNOX CNTY TN INDL DEV BRD SOL WST DISPOSAL REVENUE                                                                                       | CUSIP: 499534AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6860000 | PA      | $6494491.65   | 0.24%             | 2052-11-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Irving Hospital Authority                                                        | IRVING TX HOSP AUTH                                                                                                                      | CUSIP: 463794KA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1064699.35   | 0.04%             | 2033-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                                                                                                       | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |  38583257 | PA      | $24210993.97  | 0.90%             | 2043-11-01      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima/The                       | PIMA CNTY AZ INDL DEV AUTH SENIOR LIVING REVENUE                                                                                         | CUSIP: 72178AAH5<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2057897.80   | 0.08%             | 2052-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority/The                                                | ATLANTA GA DEV AUTH                                                                                                                      | CUSIP: 04780NMY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8535845.00   | 0.32%             | 2048-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Hospital Equipment & Facilities Authority                            | MISSISSIPPI ST HOSP EQUIPMENT& FACS AUTH                                                                                                 | CUSIP: 605360SQ0<br>LEI: 549300DW2GVUIGE04396 | Long             | DBT              | MUN               | US        |    750000 | PA      | $784675.58    | 0.03%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                        | CUSIP: 56035DDP4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   8350000 | PA      | $8343155.51   | 0.31%             | 2052-08-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE                                                                             | CUSIP: 64542UDV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2285000 | PA      | $2285862.36   | 0.08%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE                                                                             | CUSIP: 64542UHK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003548.80   | 0.04%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 126292CM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $7643093.00   | 0.28%             | 2059-07-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL                                                          | PALM BEACH CNTY FL REVENUE                                                                                                               | CUSIP: 696547HV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001638.30   | 0.04%             | 2045-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                              | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE                                                                                           | CUSIP: 9277816E9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1044508.08   | 0.04%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Higher Educational Facilities Financing Authority                        | FLORIDA ST HGR EDUCTNL FACS FINANCIAL AUTH REVENUE                                                                                       | CUSIP: 34073TMH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $751296.86    | 0.03%             | 2044-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Overland Park Development Corp                                                   | OVERLAND PARK KS DEV CORP REVENUE                                                                                                        | CUSIP: 690278CC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1077049.59   | 0.04%             | 2039-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                              | CALIFORNIA PUBLIC FIN AUTH SENIOR LIVING REVENUE                                                                                         | CUSIP: 13057GAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $257587.28    | 0.01%             | 2028-05-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY SENIOR LIVING REVENUE                                                                                       | CUSIP: 57563WAC2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3630000 | PA      | $3496597.86   | 0.13%             | 2060-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 126292BN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $665089.00    | 0.02%             | 2057-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL                                                          | PALM BEACH CNTY FL REVENUE                                                                                                               | CUSIP: 696547HT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $153251.58    | 0.01%             | 2033-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| City of Fort Wayne IN                                                            | FORT WAYNE IN ECON DEV SOLID WST FAC REVENUE                                                                                             | CUSIP: 34924CAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    328101 | PA      | $32.81        | 0.00%             | 2029-12-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                            | FRANKLIN CNTY OH HLTH CARE FACS REVENUE                                                                                                  | CUSIP: 353180JX1<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   2635000 | PA      | $2394153.89   | 0.09%             | 2049-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Hidalgo County Regional Mobility Authority                                       | HIDALGO CNTY TX REGL MOBILITY AUTH TOLL & VEHICLE REGISTRATI                                                                             | CUSIP: 42934ABZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $300731.40    | 0.01%             | 2046-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                              | CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 13013FAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13500000 | PA      | $10377614.70  | 0.39%             | 2056-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WASHINGTON ST HLTH CARE FACS AUTH                                                                                                        | CUSIP: 93978HUN3<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   2835000 | PA      | $2889702.46   | 0.11%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH REVENUE                                                                                                              | CUSIP: 45506EEP4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997854.50    | 0.04%             | 2030-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Berks County Municipal Authority/The                                             | BERKS CNTY PA MUNI AUTH                                                                                                                  | CUSIP: 084538JF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $665460.16    | 0.02%             | 2034-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI DEV BK SPL OBLIG                                                                                                             | CUSIP: 60534XLP9<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2945928.15   | 0.11%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                                     | CUSIP: 57584X4L2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007714.10   | 0.04%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                                               | Long: IS34966   IRS USD R F   .00000 IS34966/MMD 3.66 05052025 / Short: IS34966   IRS USD P F   .00000 IS34977/MUNIRATELOCK/10Y/T3750    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |  10000000 | OU      | $187455.20    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Wilson County Health & Educational Facilities Board                              | WILSON CNTY TN HLTH & EDUCTNL FACS BRD MF REVENUE                                                                                        | CUSIP: 972178AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5765000 | PA      | $4355303.00   | 0.16%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                                                                                                        | CUSIP: 688031ET6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $163674.63    | 0.01%             | 2038-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                                       | MARYLAND ST STADIUM AUTH REVENUE                                                                                                         | CUSIP: 574296CR8<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1130900.50   | 0.04%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County Hospital Facility Authority                                     | CLACKAMAS CNTY OR HOSP FAC AUTH REVENUE                                                                                                  | CUSIP: 179027YM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $893172.60    | 0.03%             | 2050-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE                                                                                              | CUSIP: 64578CBW0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   4525000 | PA      | $4529684.28   | 0.17%             | 2030-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Monongalia County Commission Excise Tax District                                 | MONONGALIA CNTY WV COMMISSION SPL DIST EXCISE TAX REVENUE                                                                                | CUSIP: 61022CAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5070000 | PA      | $1033952.99   | 0.04%             | 2053-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP                                                                                                                  | CUSIP: 34062AAE1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $904754.50    | 0.03%             | 2059-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MF AFFORDABLE HSG                                                                                                   | CUSIP: 63610CAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2379445.74   | 0.09%             | 2042-04-28      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                     | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                                                                                                     | CUSIP: 92708KAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $933814.20    | 0.03%             | 2039-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QYC0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2370000 | PA      | $1567162.50   | 0.06%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Central Puget Sound Regional Transit Authority                                   | CENTRL PUGET SOUND WA REGL TRANSIT AUTH SALES TAX & MOTOR VE                                                                             | CUSIP: 155048DL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10679038.00  | 0.40%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                                               | CUSIP: 735389J33<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4862316.00   | 0.18%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tampa FL                                                                 | TAMPA FL CAPITAL IMPT CIGARETTE TAX ALLOCATION                                                                                           | CUSIP: 875146BD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $291934.16    | 0.01%             | 2053-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH REVENUE                                                                                                                 | CUSIP: 46247SBS2<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   3400000 | PA      | $2666046.08   | 0.10%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Brooklyn Park MN                                                         | BROOKLYN PARK MN MF HSG REVENUE                                                                                                          | CUSIP: 11423TAC6<br>LEI: 549300SRSB2KMQNYBB75 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4731398.50   | 0.18%             | 2041-07-01      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| Plaza Metropolitan District No 1                                                 | PLAZA CO MET DIST #1 REVENUE                                                                                                             | CUSIP: 72818QAX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $977492.30    | 0.04%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH SOL WST DISP FAC REVENU                                                                             | CUSIP: 928106AR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $6800000.00   | 0.25%             | 2029-06-01      | Floating      | 8.53%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE                                                                                     | CUSIP: 13034AR28<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    980000 | PA      | $67220.36     | 0.00%             | 2061-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                                | NORTH CAROLINA ST TURNPIKE AUTH                                                                                                          | CUSIP: 65830RDE6<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $246599.00    | 0.01%             | 2053-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                              | CALIFORNIA PUBLIC FIN AUTH SENIOR LIVING REVENUE                                                                                         | CUSIP: 13057GAX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2385000 | PA      | $2331334.16   | 0.09%             | 2055-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| City of Westminster MD                                                           | WESTMINSTER MD PROJ REVENUE                                                                                                              | CUSIP: 960735AQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1385697.35   | 0.05%             | 2034-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth  | PUERTO RICO INDL TOURIST EDUCTNL MED & ENVRNMNTL CONTROL FAC                                                                             | CUSIP: 74528KAA1<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |   1321248 | PA      | $1316491.77   | 0.05%             | 2027-01-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                              | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                                                                                              | CUSIP: 13058TDQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $600000.00    | 0.02%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                                     | CUSIP: 57584YQE2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2701410.21   | 0.10%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                                                                                            | CUSIP: 140427CM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015143.20   | 0.04%             | 2039-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSON CNTY TN HLTH & EDUCTNL FAC BRD                                                                             | CUSIP: 59212TAJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $10.00        | 0.00%             | 2049-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                                                                                       | CUSIP: 19648FJY1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    735000 | PA      | $689445.29    | 0.03%             | 2038-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                              | PORT OF PORTLAND OR ARPT REVENUE                                                                                                         | CUSIP: 7352404A8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2665746.79   | 0.10%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH MF HSG REVENUE                                                                                                  | CUSIP: 04062PCT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8315000 | PA      | $7636471.89   | 0.28%             | 2043-01-01      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | ARKANSAS DEV FIN AUTH ENVIRONMENTAL REVENUE                                                                                              | CUSIP: 04110FAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2229829.76   | 0.08%             | 2052-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| County of Lincoln SD                                                             | LINCOLN CNTY SD ECON DEV REVENREV                                                                                                        | CUSIP: 53340EAB3<br>LEI: 549300USXDZ5FGJLUV88 | Long             | DBT              | MUN               | US        |   3620000 | PA      | $2731707.75   | 0.10%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pueblo Urban Renewal Authority                                                   | PUEBLO CO URBAN RENEWAL AUTH TAX INCR REVENUE                                                                                            | CUSIP: 744826AW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3810000 | PA      | $3358127.14   | 0.12%             | 2045-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 126292BY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $3547688.65   | 0.13%             | 2058-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                                                                                               | CUSIP: 56681NHP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1995630.80   | 0.07%             | 2059-07-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                         | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT                                                                              | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 130105000 | PA      | $12073626.91  | 0.45%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                           | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2539056.25   | 0.09%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees/OK                                        | TULSA OK MUNI ARPT TRUST TRUSTEES                                                                                                        | CUSIP: 899661EN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2166652.00   | 0.08%             | 2040-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Norman Regional Hospital Authority                                               | NORMAN OK REGL HOSP AUTH HOSP REVENUE                                                                                                    | CUSIP: 656178EG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3295000 | PA      | $2370078.01   | 0.09%             | 2038-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Mission Economic Development Corp                                                | MISSION TX ECON DEV CORP REVENUE                                                                                                         | CUSIP: 605156AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9980928.00   | 0.37%             | 2031-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| City of Valparaiso IN                                                            | VALPARAISO IN MF HSG REVENUE                                                                                                             | CUSIP: 920286AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3350000 | PA      | $2880354.46   | 0.11%             | 2041-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan Securities LLC                                                          | Long: IS32W16   IRS USD R F   .00000 IS32W16/MMD 3.46 03132025 / Short: IS32W16   IRS USD P F   .00000 IS32W27/MUNIRATELOCK/10Y/T3750    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              |  | US        |  10000000 | OU      | $32001.90     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth  | PUERTO RICO INDL TOURIST EDUCTNL MED & ENVRNMNTL CONTROL FAC                                                                             | CUSIP: 74528KAB9<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |  10076934 | PA      | $10048316.52  | 0.37%             | 2028-01-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                             | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE                                                                              | CUSIP: 603827Q41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3035688.60   | 0.11%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI MF HSG REVENUE                                                                                                        | CUSIP: 74441XHR3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $3963791.40   | 0.15%             | 2046-02-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                                                                                          | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2623115.22   | 0.10%             | 2055-06-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Local Government Finance Commission                                      | FLORIDA ST LOCAL GOVT FIN COMMISSION EDUCTNL FACS REVENUE                                                                                | CUSIP: 34077EAE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3685000 | PA      | $3554328.79   | 0.13%             | 2065-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| District of Columbia Tobacco Settlement Financing Corp                           | DIST OF COLUMBIA TOBACCO SETTLEMENT FING CORP                                                                                            | CUSIP: 254842BE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  54000000 | PA      | $4322316.60   | 0.16%             | 2055-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority/FL                                   | LEE CNTY FL INDL DEV AUTH HLTHCR FACS REVENUE                                                                                            | CUSIP: 52349EEL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2502166.20   | 0.09%             | 2057-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Redtail Ridge Metropolitan District                                              | REDTAIL RIDGE MET DIST CO                                                                                                                | CUSIP: 75773CAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4380000 | PA      | $2646360.96   | 0.10%             | 2032-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH MF HSG REVENUE                                                                                                  | CUSIP: 45203LDS9<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    600000 | PA      | $601591.02    | 0.02%             | 2038-11-01      | Fixed         | 7.17%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                                | NEVADA DEPT OF BUSINESS & INDUSTRY NV REVENUE                                                                                            | CUSIP: 641455AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6725000 | PA      | $6180267.60   | 0.23%             | 2065-01-01      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE                                                                             | CUSIP: 64542UFZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $928220.41    | 0.03%             | 2047-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QYY2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $1686187.50   | 0.06%             | 2027-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                                                                                          | CUSIP: 84136GAK1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2554817.04   | 0.09%             | 2054-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Irving Hospital Authority                                                        | IRVING TX HOSP AUTH                                                                                                                      | CUSIP: 463794KB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1677116.37   | 0.06%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS LEASE REVENUE                                                                                       | CUSIP: 34062FAC4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2028211.80   | 0.08%             | 2057-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                         | CUSIP: 63608TAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3513673.45   | 0.13%             | 2033-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FIN CORP TX SENIOR LIVING REVENUE                                                                             | CUSIP: 64542PGP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2728910.40   | 0.10%             | 2045-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Housing & Redevelopment Authority of The City of St Paul Minnesota               | SAINT PAUL MN HSG & REDEV AUTH CHRT SCH LEASE REVENUE                                                                                    | CUSIP: 852297DH0<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   2225000 | PA      | $1045750.00   | 0.04%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE                                                                                         | CUSIP: 57421CBP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $440580.37    | 0.02%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TSASC Inc/NY                                                                     | TSASC INC NY                                                                                                                             | CUSIP: 898526FQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2144776.50   | 0.08%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                                                                                               | CUSIP: 56681NJJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1421276.10   | 0.05%             | 2060-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI TOLL REVENUE                                                                                                          | CUSIP: 74448UAD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2263559.75   | 0.08%             | 2065-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Knox County Industrial Development Board                                         | KNOX CNTY TN INDL DEV BRD SOL WST DISPOSAL REVENUE                                                                                       | CUSIP: 499534AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2274963.80   | 0.08%             | 2042-11-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                                                                                            | CUSIP: 154871CP0<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10172426.00  | 0.38%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                              | CALIFORNIA SCH FIN AUTH SCH FAC REVENUE                                                                                                  | CUSIP: 13059TCR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3402341.95   | 0.13%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE                                                                                                | CUSIP: 14054CDA4<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1545336.60   | 0.06%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE                                                                                   | CUSIP: 939783TJ5<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   4425000 | PA      | $3964399.98   | 0.15%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                              | CUSIP: 452152GS4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5357143 | PA      | $5860690.20   | 0.22%             | 2035-07-01      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                                                   | MAIN STREET NATURAL GAS INC GA                                                                                                           | CUSIP: 56035DFT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2583657.56   | 0.10%             | 2054-12-01      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                                                                                        | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  57388000 | PA      | $18027986.83  | 0.67%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                                             | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE                                                                                        | CUSIP: 73360CAR5<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1767427.40   | 0.07%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                                                                                                       | CUSIP: 74514L4E4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |  17500000 | PA      | $4528125.00   | 0.17%             | 2051-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission                                                                                              | CUSIP: 93978TS67<br>LEI: 549300YL1HU59NREG764 | Long             | ABS-MBS          | CORP              | US        |   7490790 | PA      | $291570.02    | 0.01%             | 2035-12-20      | Variable      | 0.73%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                                    | CUSIP: 167505ZF6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5069498.50   | 0.19%             | 2047-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                                                                                               | CUSIP: 64972JTT5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10087849.00  | 0.37%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Higher Education Loan Authority                                             | IOWA ST HGR EDU LOAN AUTH                                                                                                                | CUSIP: 4624607S9<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4166046.00   | 0.15%             | 2051-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                                      | Long: SS2KO93   IRS USD R F  3.52750 IS2KO93 CCPOIS / Short: SS2KO93   IRS USD P V 00MSOFR IS2KOA4 CCPOIS                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        | 100700000 | OU      | $-597456.78   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP                                                                                                                  | CUSIP: 34062AAC5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $932516.80    | 0.03%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                                             | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE                                                                                        | CUSIP: 73360CAQ7<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2721929.10   | 0.10%             | 2044-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                                                                                             | CUSIP: 34061UHZ4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1488653.40   | 0.06%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                                                                                           | CUSIP: 63607WAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9608024 | PA      | $9069536.02   | 0.34%             | 2036-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE                                                                             | CUSIP: 64542UHM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2190000 | PA      | $2161445.69   | 0.08%             | 2044-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE                                                                             | CUSIP: 64542UHN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981487.50    | 0.04%             | 2056-07-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Alliance Bernstein                                                               | AB Fixed Income Shares, Inc. - Government Money Market Portfolio                                                                         | CUSIP: 018616748<br>LEI: 5493006YWHO7MNK2U579 | Long             | STIV             | RF                | US        |   4707344 | NS      | $4707343.78   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                                             | CUSIP: 45204FHC2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |  11442180 | PA      | $8117725.54   | 0.30%             | 2060-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Fayetteville State University                                                    | FAYETTEVILLE NC ST UNIV                                                                                                                  | CUSIP: 312810FJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $896679.88    | 0.03%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                                                                                             | CUSIP: 34061ULK2<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3476549.31   | 0.13%             | 2057-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Cape Coral Health Facilities Authority                                           | CAPE CORAL FL HLTH FACS AUTH                                                                                                             | CUSIP: 13937TCG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $938268.48    | 0.03%             | 2050-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QXH0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1134043.75   | 0.04%             | 2019-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                                             | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE                                                                                        | CUSIP: 73360CAP9<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   2315000 | PA      | $2173319.92   | 0.08%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE                                                                                         | CUSIP: 57421CBT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1843386.03   | 0.07%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus MN                                                              | COLUMBUS MN MF HSG REVENUE                                                                                                               | CUSIP: 19934QAA1<br>LEI: 549300GVOKSE82SHJK80 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4824052.50   | 0.18%             | 2041-12-01      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                  | KENTUCKY ST ECON DEV FIN AUTH                                                                                                            | CUSIP: 49126PFH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2589188.00   | 0.10%             | 2051-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE                                                                             | CUSIP: 64542UFQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2265000 | PA      | $1848217.12   | 0.07%             | 2036-11-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima/The                       | PIMA CNTY AZ INDL DEV AUTH EDU REVENUE                                                                                                   | CUSIP: 72177MTP2<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $700000.00    | 0.03%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526Q2L5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    245000 | PA      | $247290.26    | 0.01%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                                       | MARYLAND ST STADIUM AUTH REVENUE                                                                                                         | CUSIP: 574296CR8<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   5800000 | PA      | $6559222.90   | 0.24%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TSASC Inc/NY                                                                     | TSASC INC NY                                                                                                                             | CUSIP: 898526FR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3550000 | PA      | $3009805.73   | 0.11%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH SOL WST DISP FAC REVENU                                                                             | CUSIP: 928106AS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8000000.00   | 0.30%             | 2042-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                               | CUSIP: 74442PA96<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5292437.70   | 0.20%             | 2058-07-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| DIP LOAN AGREEMENT KDC AGRIB                                                     | DIP LOAN AGREEMENT KDC AGRIB                                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3409000 | PA      | $0.03         | 0.00%             | 2024-09-14      | Fixed         | 12.00%                | No            |                  3 | On Loan: No      |
| California Community Housing Agency                                              | CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 13013FBJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  32000000 | PA      | $1077136.00   | 0.04%             | 2065-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH HLTHSYS REVENUE                                                                                                 | CUSIP: 67884XCN5<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |  11290000 | PA      | $10663612.74  | 0.40%             | 2057-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL RETMNT FAC REVENUE                                                                                                  | CUSIP: 14054TAJ1<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1057421.40   | 0.04%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                              | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                                                                                              | CUSIP: 13058TEQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3790000 | PA      | $3179723.21   | 0.12%             | 2052-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                        | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2583922.22   | 0.10%             | 2053-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| LAST STEP RECYCLING LLC                                                          | LAST STEP RECYCLING LLC                                                                                                                  | CUSIP: 518118AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2363805 | PA      | $2363805.00   | 0.09%             | 2028-12-15      | Fixed         | 9.50%                 | No            |                  3 | On Loan: No      |
| Dakota County Community Development Agency                                       | DAKOTA CNTY MN CMNTY DEV AGY MF HSG REVENUE                                                                                              | CUSIP: 23409VFM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7002238.50   | 0.26%             | 2041-07-01      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency                                                      | CMFA SPL FIN AGY CA ESSENTIAL HSG REVENUE                                                                                                | CUSIP: 12574WAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4049240.00   | 0.15%             | 2056-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hidalgo County Regional Mobility Authority                                       | HIDALGO CNTY TX REGL MOBILITY AUTH TOLL & VEHICLE REGISTRATI                                                                             | CUSIP: 42934ABC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $302023.65    | 0.01%             | 2054-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| South Dakota Housing Development Authority                                       | SOUTH DAKOTA ST HSG DEV AUTH MF HSG REVENUE                                                                                              | CUSIP: 83756DAA1<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1498918.20   | 0.06%             | 2039-09-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| WILD RIVERS WATER PARK                                                           | Wild Rivers Water Park                                                                                                                   | CUSIP: 96810LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13775000 | PA      | $8456757.64   | 0.31%             | 2051-11-01      | Fixed         | 8.50%                 | No            |                  3 | On Loan: No      |
| Hidalgo County Regional Mobility Authority                                       | HIDALGO CNTY TX REGL MOBILITY AUTH TOLL & VEHICLE REGISTRATI                                                                             | CUSIP: 42934ACK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3325000 | PA      | $537138.46    | 0.02%             | 2056-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                              | CALIFORNIA PUBLIC FIN AUTH SENIOR LIVING REVENUE                                                                                         | CUSIP: 13057GAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3345000 | PA      | $3162643.31   | 0.12%             | 2065-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                               | CUSIP: 74442PYR0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2370000 | PA      | $2357911.82   | 0.09%             | 2042-12-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                               | UNIV OF TEXAS TX UNIV REVENUES                                                                                                           | CUSIP: 91514ANQ4<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10198668.00  | 0.38%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                                                                                                         | CUSIP: 57582TCS9<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10151807.00  | 0.38%             | 2055-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA ST HSG FIN CORP MF MTGE REVENUE                                                                                                  | CUSIP: 34074HHK1<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1502347.18   | 0.06%             | 2055-08-01      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| City of Dallas Housing Finance Corp                                              | DALLAS TX HSG FIN CORP RSDL DEV REVENUE                                                                                                  | CUSIP: 23529CAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1162004.20   | 0.04%             | 2054-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                                  | CUSIP: 646136WU1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2670000 | PA      | $1390663.63   | 0.05%             | 2039-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                        | CUSIP: 56035DGC0<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2507507.33   | 0.09%             | 2053-12-01      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| Vauxmont Metropolitan District                                                   | VAUXMONT MET DIST CO                                                                                                                     | CUSIP: 92242SAY9<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    270000 | PA      | $291347.36    | 0.01%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Valparaiso IN                                                            | VALPARAISO IN EXEMPT FACS REVENUE                                                                                                        | CUSIP: 92028RAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $946818.10    | 0.04%             | 2044-01-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                                                                                              | CUSIP: 45528U6W6<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2045225.20   | 0.08%             | 2043-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 126292AN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3986177.50   | 0.15%             | 2045-07-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                  | KENTUCKY ST ECON DEV FIN AUTH                                                                                                            | CUSIP: 49126KKE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3650000 | PA      | $3626122.43   | 0.13%             | 2041-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                              | PUERTO RICO CMWLTH AQUEDUCT & SWR AUTH REVENUE                                                                                           | CUSIP: 745160SJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5138543.30   | 0.19%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Pingree Grove IL Special Service Area No 7                            | PINGREE GROVE IL SPL SVC AREA #7 SPL TAX REVENUE                                                                                         | CUSIP: 72342GAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2257000 | PA      | $2256982.62   | 0.08%             | 2036-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Johnstown Plaza Metropolitan District                                            | JOHNSTOWN PLAZA MET DIST CO                                                                                                              | CUSIP: 479706AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9027000 | PA      | $7472467.55   | 0.28%             | 2046-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                                                                                               | CUSIP: 56681NCW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4040000 | PA      | $4043087.77   | 0.15%             | 2052-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Overland Park Development Corp                                                   | OVERLAND PARK KS DEV CORP REVENUE                                                                                                        | CUSIP: 690278CD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $630506.47    | 0.02%             | 2044-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Overland Park Development Corp                                                   | OVERLAND PARK KS DEV CORP REVENUE                                                                                                        | CUSIP: 690278CA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015547.30   | 0.04%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                                                                                        | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  40000000 | PA      | $9266556.00   | 0.34%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | CAPITAL PROJS FIN AUTH FL EDUCTNL FACS REVENUE                                                                                           | CUSIP: 14043FAE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3104022.60   | 0.12%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| National Finance Authority                                                       | New Hampshire Business Finance Authority                                                                                                 | CUSIP: 63607WAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9608024 | PA      | $408981.90    | 0.02%             | 2036-10-01      | Variable      | 0.68%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT LTD OBLG REVENUE                                                                                                               | CUSIP: 40065HDV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4365000 | PA      | $4282597.97   | 0.16%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA ST HSG FIN CORP MF MTGE REVENUE                                                                                                  | CUSIP: 34074HHL9<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1205279.40   | 0.04%             | 2029-08-01      | Floating      | 3.62%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE                                                                                     | CUSIP: 13034A5Z9<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9711805.00   | 0.36%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QKX9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |  10045000 | PA      | $6642256.25   | 0.25%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                                    | CUSIP: 167505RN8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |  11365000 | PA      | $11990856.91  | 0.45%             | 2030-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Point Phase 1 Public Infrastructure District No 1                                | POINT PHASE 1 PUB INFRASTRUCTURE DIST #1 UT TAX ASSMNT & GEN                                                                             | CUSIP: 73058EAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1838658.09   | 0.07%             | 2055-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| American Samoa Economic Development Authority                                    | AMERICAN SAMOA AS ECON DEV AUTH GEN REVENUE                                                                                              | CUSIP: 02936TAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7095000 | PA      | $7106234.22   | 0.26%             | 2035-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH EDUCTNL FACS REVENUE                                                                                                    | CUSIP: 45470ECC7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $4267944.83   | 0.16%             | 2057-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Dallas Housing Finance Corp                                              | DALLAS TX HSG FIN CORP RSDL DEV REVENUE                                                                                                  | CUSIP: 23529CAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8080000 | PA      | $7099682.69   | 0.26%             | 2062-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Affordable Housing Tax-Exempt Bond Pass-Thru Trust                               | AFFORDABLE HSG TAX-EXEMPT BOND PASS-THRU TRUST                                                                                           | CUSIP: 00832UAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7253191 | PA      | $7119953.51   | 0.26%             | 2040-10-05      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Glynn-Brunswick Memorial Hospital Authority                                      | GLYNN-BRUNSWICK GA MEMORIAL HOSP AUTH                                                                                                    | CUSIP: 380037GR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $969454.50    | 0.04%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hospitals & Higher Education Facilities Authority of Philadelphia/The            | PHILADELPHIA PA HOSPS & HGR EDU FACS AUTH                                                                                                | CUSIP: 717903L71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015052.80   | 0.04%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL                                                          | PALM BEACH CNTY FL REVENUE                                                                                                               | CUSIP: 696547HW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2305000 | PA      | $2325325.72   | 0.09%             | 2055-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                                                                                                 | CUSIP: 84136HAU7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7756024.50   | 0.29%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                                             | CUSIP: 45204FNM3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1190000 | PA      | $957478.17    | 0.04%             | 2043-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                      | CALIFORNIA ST ENTERPRISE DEV AUTH EDUCTNL FAC REVENUE                                                                                    | CUSIP: 13068WAF8<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    960000 | PA      | $877682.59    | 0.03%             | 2053-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QYZ9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   5255000 | PA      | $3474868.75   | 0.13%             | 2028-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                              | PUERTO RICO CMWLTH AQUEDUCT &SWR AUTH REVENUE                                                                                            | CUSIP: 745160TG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2530000 | PA      | $2595853.37   | 0.10%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                     | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                                                                                                     | CUSIP: 92708KAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1337186.40   | 0.05%             | 2055-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Point Phase 1 Public Infrastructure District No 1                                | POINT PHASE 1 PUB INFRASTRUCTURE DIST #1 UT TAX ASSMNT & GEN                                                                             | CUSIP: 73058EAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $954462.25    | 0.04%             | 2055-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Board of Managers Joint Guadalupe County-City of Seguin Hospital                 | BRD OF MANAGERS TX JT GUADALUPE CNTY-CITY OF SEGUIN HOSP MTG                                                                             | CUSIP: 09659MAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $904595.50    | 0.03%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH AFFORDABLE HSG CTFS                                                                                                 | CUSIP: 63607DAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3386408 | PA      | $3180424.65   | 0.12%             | 2040-10-20      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| Military Installation Development Authority                                      | MILITARY INSTALLATION DEV AUTH UT TAX ALLOCATION REVENUE                                                                                 | CUSIP: 599772AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1163919.60   | 0.04%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                                                                                                      | CUSIP: 59333P7M4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2295000 | PA      | $3314772.46   | 0.12%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS308B2   IRS USD R V 12MUSCPI IS308C3 CCPINFLATION ZERO / Short: BS308B2   IRS USD P F  2.49900 BS308B2 CCP INFLATION ZERO        | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  99969000 | OU      | $1229095.86   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                                                                                                      | CUSIP: 6459182A0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   9780000 | PA      | $9793362.41   | 0.36%             | 2034-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                               | CUSIP: 74442PF67<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4475000 | PA      | $4448168.35   | 0.17%             | 2049-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                                                                                                | CUSIP: 041807PV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1173407.64   | 0.04%             | 2055-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                                | NORTH CAROLINA ST TURNPIKE AUTH                                                                                                          | CUSIP: 65830RDC0<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $824101.80    | 0.03%             | 2051-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas Housing Finance Corp                                              | DALLAS TX HSG FIN CORP RSDL DEV REVENUE                                                                                                  | CUSIP: 23529CAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3460000 | PA      | $2991296.64   | 0.11%             | 2062-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                  | LAS VEGAS VLY NV WTR DIST                                                                                                                | CUSIP: 517845TK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10360233.00  | 0.38%             | 2055-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                                        | ORANGE CNTY FL HLTH FACS AUTH REVENUE                                                                                                    | CUSIP: 68450LGM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4332951.00   | 0.16%             | 2042-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                                                                                                           | CUSIP: 74442EMS6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1083426.00   | 0.04%             | 2065-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                                                                                                    | CUSIP: 592250DA9<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   4495000 | PA      | $851279.28    | 0.03%             | 2056-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                                                                                             | CUSIP: 649519DD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1705828.80   | 0.06%             | 2044-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL                                                          | PALM BEACH CNTY FL REVENUE                                                                                                               | CUSIP: 696547HX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2280000 | PA      | $2282734.63   | 0.08%             | 2065-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Brooklyn Park MN                                                         | BROOKLYN PARK MN MF HSG REVENUE                                                                                                          | CUSIP: 11423TAB8<br>LEI: 549300SRSB2KMQNYBB75 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5008178.50   | 0.19%             | 2042-01-01      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDL DEV                                                                                                        | CUSIP: 71781PBL3<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   3870000 | PA      | $3685657.58   | 0.14%             | 2050-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                  | CALIFORNIA CNTY CA TOBACCO SECURITIZATION AGY TOBACCO SETTLE                                                                             | CUSIP: 13016NFC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22000000 | PA      | $3856611.00   | 0.14%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 126292BQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $4827758.25   | 0.18%             | 2057-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV                                                                              | CUSIP: 708692BQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1254719.72   | 0.05%             | 2039-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH SOL WST DISP REVENUE                                                                                | CUSIP: 83704DAL0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   3115000 | PA      | $342650.00    | 0.01%             | 2040-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                               | CUSIP: 74442PQ81<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  13360000 | PA      | $3877861.58   | 0.14%             | 2042-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS31T56   IRS USD R V 12MUSCPI IS31T67 CCPINFLATIONZERO / Short: BS31T56   IRS USD P F  2.56880 IS31T56 CCPINFLATIONZERO           | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        | 126000000 | OU      | $1124890.20   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA ST STWD CMNTYS DEV AUTH CLG HSG REVENUE                                                                                       | CUSIP: 13081CAE8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $934615.70    | 0.03%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QVC3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   7285000 | PA      | $4817206.25   | 0.18%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Berks County Municipal Authority/The                                             | BERKS CNTY PA MUNI AUTH                                                                                                                  | CUSIP: 084538JJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3710000 | PA      | $3278598.60   | 0.12%             | 2039-06-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                        | CUSIP: 09182TDB0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2836603.00   | 0.11%             | 2054-10-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE                                                                                     | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |  14200000 | PA      | $13049702.02  | 0.48%             | 2065-01-01      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| Crawford County Hospital Authority                                               | CRAWFORD CNTY PA HOSP AUTH                                                                                                               | CUSIP: 225004AR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3715000 | PA      | $3650763.19   | 0.14%             | 2051-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                                                                                              | CUSIP: 89602RHT5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2877857.00   | 0.11%             | 2057-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS306X0   IRS USD R F  3.76100 IS306X0 CCPOIS / Short: SS306X0   IRS USD P V 00MSOFR IS306Y1 CCPOIS                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  26377000 | OU      | $319726.20    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                                    | CUSIP: 167505TK2<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1176811.01   | 0.04%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority/FL                                   | LEE CNTY FL INDL DEV AUTH HLTHCR FACS REVENUE                                                                                            | CUSIP: 52349EEQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $961396.20    | 0.04%             | 2054-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin Center District                                                        | WISCONSIN CENTER DIST WI TAX REVENUE                                                                                                     | CUSIP: 976595JE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1842342.80   | 0.07%             | 2061-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                               | CUSIP: 74442PSG1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6640000 | PA      | $4847200.00   | 0.18%             | 2056-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                            | CUSIP: 592647NU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $1179672.35   | 0.04%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of St James LA                                                            | SAINT JAMES PARISH LA REVENUE                                                                                                            | CUSIP: 790103AV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1131290.00   | 0.04%             | 2040-07-01      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Lees Summit Industrial Development Authority                                     | LEES SUMMIT MO INDL DEV AUTH SENIOR LIVING FACS REVENUE                                                                                  | CUSIP: 524292AS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2415000 | PA      | $1932742.37   | 0.07%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                              | CALIFORNIA SCH FIN AUTH SCH FAC REVENUE                                                                                                  | CUSIP: 13059TCT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1662146.50   | 0.06%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                              | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10514067.00  | 0.39%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Alachua County Health Facilities Authority                                       | ALACHUA CNTY FL HLTH FACS AUTH CCRC                                                                                                      | CUSIP: 010684BJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2129339.52   | 0.08%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                                     | WEST VIRGINIA ST ECON DEV AUTH SOL WST DISP FACS                                                                                         | CUSIP: 95648VBU2<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017329.50   | 0.04%             | 2055-01-01      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Tobacco Securitization Authority of Southern California                          | TOBACCO SECURITIZATION AUTH STHRN CA TOBACCO SETTLEMENT REVE                                                                             | CUSIP: 888804AZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5465000 | PA      | $1257117.78   | 0.05%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                                                                                             | CUSIP: 59447PYU9<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1203354.60   | 0.04%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: IS31BM7   IRS USD R F   .00000 IS31BM7 MMD 3.3 12182024 / Short: IS31BM7   IRS USD P F   .00000 IS31BN8/MUNIRATELOCK/10Y/T3750     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  20000000 | OU      | $-85.60       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                           | CUSIP: 650116JQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5116395.50   | 0.19%             | 2059-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH SYS REVENUE                                                                                                     | CUSIP: 45470YGB1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5228503.00   | 0.19%             | 2046-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Conroe Local Government Corp                                                     | CONROE TX LOCAL GOVT CORP HOTEL & CONTRACT REVENUE                                                                                       | CUSIP: 20841CAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $988568.47    | 0.04%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | CAPITAL PROJS FIN AUTH FL EDUCTNL FACS REVENUE                                                                                           | CUSIP: 14043FAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1677272.31   | 0.06%             | 2065-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS2VZV5   IRS USD R F  4.05900 IS2VZV5 CCPOIS / Short: SS2VZV5   IRS USD P V 00MSOFR IS2VZW6 CCPOIS                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  88000000 | OU      | $3012018.15   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH REVENUE                                                                                                             | CUSIP: 63607YAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3215000 | PA      | $2585996.82   | 0.10%             | 2045-07-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| Berks County Municipal Authority/The                                             | BERKS CNTY PA MUNI AUTH                                                                                                                  | CUSIP: 084538JH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5710000 | PA      | $5109954.37   | 0.19%             | 2039-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION HLTH CARE FACS REVENUE                                                                             | CUSIP: 65821DTH4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1580224.43   | 0.06%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Housing Corp                                                            | KENTUCKY ST HSG CORP MF REVENUE                                                                                                          | CUSIP: 491312EQ3<br>LEI: 549300NTBUU903EKQ287 | Long             | DBT              | MUN               | US        |   5130000 | PA      | $4999953.99   | 0.19%             | 2040-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 13                                     | VLG FL CDD #13 SPL ASSMNT REVENUE                                                                                                        | CUSIP: 92708HAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1920000 | PA      | $1392656.64   | 0.05%             | 2051-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                                     | CUSIP: 74526QA85<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    575000 | PA      | $380218.75    | 0.01%             | 2040-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Centerra Metropolitan District No 1                                              | CENTERRA CO MET DIST #1 SPL REVENUE                                                                                                      | CUSIP: 15200XAF0<br>LEI: 549300SHE5ZPSMGZH793 | Long             | DBT              | MUN               | US        |   5730000 | PA      | $5729308.96   | 0.21%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wolf Creek Infrastructure Financing District No 1                                | WOLF CREEK INFRASTRUCTURE FING DIST #1 UT SPL ASSMNT                                                                                     | CUSIP: 977695AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1877694.38   | 0.07%             | 2044-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA ST PUBLIC FACS AUTH LEASE REVENUE                                                                                              | CUSIP: 54639TBT8<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9516491.00   | 0.35%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fayette County Development Authority                                             | FAYETTE CNTY GA DEV AUTH REVENUE                                                                                                         | CUSIP: 31222PAX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6110000 | PA      | $6114138.30   | 0.23%             | 2054-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fayetteville State University                                                    | FAYETTEVILLE NC ST UNIV                                                                                                                  | CUSIP: 312810FS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1480000 | PA      | $1495589.43   | 0.06%             | 2043-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                                           | LANCASTER CNTY PA HOSP AUTH                                                                                                              | CUSIP: 514045V59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $890332.40    | 0.03%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                                | CUSIP: 5444452Y4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2362369.00   | 0.09%             | 2043-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                                                                                             | CUSIP: 649519DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6690000 | PA      | $6488683.18   | 0.24%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grapevine Wash Local District                                                    | GRAPEVINE WASH LOCAL DIST UT SPL ASSMNT                                                                                                  | CUSIP: 38860FAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2779880.40   | 0.10%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                                                                                             | CUSIP: 646140KB8<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2618858.61   | 0.10%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                                                                                              | CUSIP: 45528U7K1<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5052024.50   | 0.19%             | 2067-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                                                                                                       | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |  21857603 | PA      | $15280322.39  | 0.57%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARC70 II TRUST                                                                   | ARC70 II TR CA                                                                                                                           | CUSIP: 03880NAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22173772 | PA      | $20999992.29  | 0.78%             | 2065-04-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | COLORADO EDUCTNL & CULTURAL AUTH REVENUE                                                                                                 | CUSIP: 19645UKK9<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1077163.35   | 0.04%             | 2061-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                                                                                                        | CUSIP: 688031ER0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $241184.67    | 0.01%             | 2036-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pleasanton Unified School District                                               | PLEASANTON CA UNIF SCH DIST                                                                                                              | CUSIP: 728835P45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10980000 | PA      | $10246526.12  | 0.38%             | 2050-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                                    | CUSIP: 167505WZ5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    425000 | PA      | $436510.32    | 0.02%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX                                                                                  | CUSIP: 89602HDR5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1122147.50   | 0.04%             | 2052-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                        | CUSIP: 09182TCH8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5318736.00   | 0.20%             | 2053-02-01      | Floating      | 1.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SPL REVENUE                                                                                                           | CUSIP: 74447TAA0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2225000 | PA      | $1670198.48   | 0.06%             | 2029-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                                             | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE                                                                                        | CUSIP: 73360CAS3<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2011799.80   | 0.07%             | 2026-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Align Affordable Housing Bond Fund LP                                            | ALIGN CAP SER 2021-3 TRUST                                                                                                               | CUSIP: 01631GAA7<br>LEI: 549300B2I0LUTCXK9B86 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $13065406.50  | 0.48%             | 2051-12-01      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                            | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                                                                                                  | CUSIP: 187145RE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $907861.60    | 0.03%             | 2048-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Scranton-Lackawanna Health and Welfare Authority                                 | SCRANTON-LACKAWANNA PA HLTH & WELFARE AUTH                                                                                               | CUSIP: 810694Q69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $185013.75    | 0.01%             | 2026-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                                                                                           | CUSIP: 63607WAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9916932 | PA      | $391642.44    | 0.01%             | 2039-08-20      | Variable      | 0.51%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUB FIN AUTH WI TAX INCREMENT REVNUE                                                                                                     | CUSIP: 74448EAA2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3905273.20   | 0.14%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brazoria County Industrial Development Corp                                      | BRAZORIA CNTY TX INDL DEV CORP SOLID WST DISP FACS REVENUE                                                                               | CUSIP: 10604PAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    937369 | PA      | $93.74        | 0.00%             | 2043-06-01      | Fixed         | 12.00%                | No            |                  3 | On Loan: No      |
| County of Utah UT                                                                | UTAH CNTY UT HOSP REVENUE                                                                                                                | CUSIP: 917393DB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1313832.50   | 0.05%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp V                                  | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP V GAS SPLY REVENUE                                                                             | CUSIP: 88256RAK2<br>LEI: 254900XZ4J30QIJO9G03 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2632980.98   | 0.10%             | 2055-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                                | NORTH CAROLINA ST TURNPIKE AUTH                                                                                                          | CUSIP: 65830RDD8<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $520562.60    | 0.02%             | 2052-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HGR EDU FACS REVENUE                                                                                                  | CUSIP: 74445FAJ3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $899351.80    | 0.03%             | 2047-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas Housing Finance Corp                                              | DALLAS TX HSG FIN CORP RSDL DEV REVENUE                                                                                                  | CUSIP: 23529CAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  69315000 | PA      | $3826811.84   | 0.14%             | 2062-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL                                                          | PALM BEACH CNTY FL REVENUE                                                                                                               | CUSIP: 696547HS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $933248.70    | 0.03%             | 2059-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                                                                                       | CUSIP: 19648FWP5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1165939.50   | 0.04%             | 2039-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH REVENUE                                                                                                                 | CUSIP: 46247SBR4<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1508391.68   | 0.06%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                               | CUSIP: 74442PZM0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1815000 | PA      | $18.15        | 0.00%             | 2023-09-14      | Fixed         | 15.00%                | No            |                  3 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FIN CORP TX SENIOR LIVING REVENUE                                                                             | CUSIP: 64542PGF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4145000 | PA      | $4083280.95   | 0.15%             | 2030-12-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Spring Hill Metropolitan District No 3                                           | SPRING HILL MET DIST NO 3 CO                                                                                                             | CUSIP: 84966NAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    333000 | PA      | $326618.79    | 0.01%             | 2052-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act                      | NEW HAMPSHIRE ST HLTH & EDU FACS AUTH REVENUE                                                                                            | CUSIP: 64461XFV2<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |  10920000 | PA      | $10422844.07  | 0.39%             | 2059-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                              | CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REVENUE                                                                                           | CUSIP: 13013FAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5200000 | PA      | $4118337.60   | 0.15%             | 2056-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH ECON DEV REVENUE                                                                                    | CUSIP: 837031F73<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2105550.92   | 0.08%             | 2047-08-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Tobacco Securitization Authority of Southern California                          | TOBACCO SECURITIZATION AUTH STHRN CA TOBACCO SETTLEMENT REVE                                                                             | CUSIP: 888804CU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6520000 | PA      | $1246177.38   | 0.05%             | 2054-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                                                                                                | CUSIP: 837151A41<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1606000 | PA      | $1135948.85   | 0.04%             | 2043-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                                                                                            | CUSIP: 140427CP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1200667.00   | 0.04%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bristol Industrial Development Board                                             | BRISTOL TN INDL DEV BRD ST SALES TAX REVENUE                                                                                             | CUSIP: 11023PAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19305000 | PA      | $17756387.65  | 0.66%             | 2042-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                  | KENTUCKY ST ECON DEV FIN AUTH HLTH CARE REVENUE                                                                                          | CUSIP: 49126TAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2034688.02   | 0.08%             | 2050-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN HLTH EDL FACS AUTH SENIOR LIVING REVENUE                                                                                       | CUSIP: 97671VCP8<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1591754.68   | 0.06%             | 2055-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth  | PUERTO RICO INDL TOURIST EDUCTNL MED & ENVRNMNTL CONTROL FAC                                                                             | CUSIP: 74528LAC5<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2209478.60   | 0.08%             | 2045-01-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                                    | CUSIP: 167505XB7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    310000 | PA      | $314531.80    | 0.01%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** AB MUNICIPAL INCOME FUND, INC.

**Signature:** Stephen Woetzel

**Name of Signer:** Stephen Woetzel

**Title:** Controller