# EDGAR Filing Document

**Accession Number:** 0001424212
**File Stem:** 0000940400-26-011279
**Filing Date:** 2026-3
**Character Count:** 214258
**Document Hash:** f92d7c202785b0caf62024c2bad4d507
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-011279.hdr.sgml**: 20260325

**ACCESSION NUMBER**: 0000940400-26-011279

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260325

**DATE AS OF CHANGE**: 20260325

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST TRUST EXCHANGE-TRADED FUND III
- **CENTRAL INDEX KEY:** 0001424212

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22245
- **FILM NUMBER:** 26791799

**BUSINESS ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE
- **STREET 2:** SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187
- **BUSINESS PHONE:** 630-765-8000

**MAIL ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE
- **STREET 2:** SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** First Trust Exchange-Traded Fund III
- **DATE OF NAME CHANGE:** 20160419

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** First Trust Exchange Traded Fund III
- **DATE OF NAME CHANGE:** 20080116

## Series and Classes Contracts Data

### First Trust Short Duration Managed Municipal ETF (Series ID: S000063445)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000205581 | First Trust Short Duration Managed Municipal ETF | FSMB            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** First Trust Exchange-Traded Fund III

- **b. Investment Company Act file number:** 811-22245

- **c. CIK number of Registrant:** 0001424212

- **d. LEI of Registrant:** 5493003Z20QMESC6XS29

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

  - **Street Address 1:** 120 East Liberty Drive, Suite 400

  - **City:** Wheaton

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60187

  - **Telephone number:** 630-765-8000

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

- **a. Name of Series:** First Trust Short Duration Managed Municipal ETF

- **b. EDGAR series identifier (if any):** S000063445

- **c. LEI of Series:** 549300ROXE8YGH5VMU72

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $544146645.26

**Total Liabilities:** $6031155.92

**Net Assets:** $538115489.34

**Delayed Delivery Securities:** $4988720.00

**Cash Not Reported:** $4049980.68

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 2298.34327000 | **1-Year:** 40094.08023000 | **5-Year:** 83051.62927000 | **10-Year:** 7172.22710000 | **30-Year:** 0.00000000

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

- **3-Month:** 141.52271000 | **1-Year:** 1783.25482000 | **5-Year:** 5651.70691000 | **10-Year:** 628.18274000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000205581 | 0.21%                | 0.26%                | 0.71%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $42506.29                | $-406241.68                                |
| Month 2  | $63531.22                | $95254.23                                  |
| Month 3  | $1064.89                 | $2098933.58                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 10YR ULTRA                                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -37 | NC      | $-14453.12    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY S E AL A COOPERATIVE DI              | Energy Southeast A Cooperative District                                          | CUSIP: 292723BN2<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1085551.70   | 0.20%             | 2054-07-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| CHAUTAUQUA CNTY NY CAPITAL RES              | Chautauqua County Capital Resource Corp                                          | CUSIP: 16254PAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2046911.00   | 0.38%             | 2042-04-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| WILLIAMSON CNTY TX MUNI UTILIT              | Williamson County Municipal Utility District No 10                               | CUSIP: 97000PGY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $760077.52    | 0.14%             | 2026-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| STILLWATER CDD FL SP ASSMNT                 | Stillwater Community Development District                                        | CUSIP: 860725AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $245012.90    | 0.05%             | 2031-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WESTSIDE HAINES CITY CDD SPL A              | Westside Haines City Community Development District                              | CUSIP: 96150AAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $64841.82     | 0.01%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECON DEV CORP SOL W              | Mission Economic Development Corp                                                | CUSIP: 605155BQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1050000.00   | 0.20%             | 2050-05-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REGL ARPT AU              | San Diego County Regional Airport Authority                                      | CUSIP: 79739GGK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $455940.01    | 0.08%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEVADA ST HSG DIV                           | Nevada Housing Division                                                          | CUSIP: 641272HR3<br>LEI: 549300RE377OK3CTT852 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2062586.00   | 0.38%             | 2028-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV SCH DIST                      | Clark County School District                                                     | CUSIP: 181059D86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $128522.58    | 0.02%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST EDUCTNL & CULTURAL              | Colorado Educational & Cultural Facilities Authority                             | CUSIP: 19645RB75<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500536.25    | 0.09%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RALEIGH DURHAM NC ARPT AUTH AR              | Raleigh Durham Airport Authority                                                 | CUSIP: 751073LX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $182269.68    | 0.03%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARKANSAS ST DEV FIN AUTH RESOU              | Arkansas Development Finance Authority                                           | CUSIP: 04084EAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001180.40   | 0.37%             | 2065-10-15      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| ROCKWALL CNTY TX MUNI UTIL DIS              | Rockwall County Municipal Utility District No 8                                  | CUSIP: 77427LFK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $346521.50    | 0.06%             | 2035-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                | Michigan Finance Authority                                                       | CUSIP: 59447T2Y8<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1886901.83   | 0.35%             | 2043-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| VENICE FL                                   | City of Venice FL                                                                | CUSIP: 922687AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1529250.63   | 0.28%             | 2030-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SAN SIMEON CMNTY DEV DIST FL S              | San Simeon Community Development District                                        | CUSIP: 799528AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $841339.13    | 0.16%             | 2031-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                | Illinois Finance Authority                                                       | CUSIP: 45204EEW4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2048911.60   | 0.38%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-SAINT PAUL MN MET               | Minneapolis-St Paul Metropolitan Airports Commission                             | CUSIP: 603827E51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1460983.92   | 0.27%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL PORT FACS REVE              | County of Broward FL Port Facilities Revenue                                     | CUSIP: 11506KEW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1347781.25   | 0.25%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKES BY THE BAY S FL CDD ASSM              | Lakes by the Bay South Community Development District                            | CUSIP: 51206QAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $763751.25    | 0.14%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH POLL CO              | Development Authority of Burke County/The                                        | CUSIP: 121342QM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $891475.03    | 0.17%             | 2032-10-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| SUNRISE CDD FL CAPITAL IMPT RE              | Sunrise Community Development District                                           | CUSIP: 86771UAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $673116.77    | 0.13%             | 2030-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OLD HICKORY CDD FL SPL ASSMNT               | Old Hickory Community Development District                                       | CUSIP: 679792AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $279534.98    | 0.05%             | 2030-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REVENUE                        | State of Ohio                                                                    | CUSIP: 67756CFH6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.37%             | 2051-01-15      | Variable      | 2.55%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN              | Tennessee Housing Development Agency                                             | CUSIP: 880461FU7<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1490442.38   | 0.28%             | 2030-07-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| TOLOMATO FL CDD                             | Tolomato Community Development District                                          | CUSIP: 889560ED6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $829968.65    | 0.15%             | 2028-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP              | New York Transportation Development Corp                                         | CUSIP: 650116EY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $104559.77    | 0.02%             | 2026-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST LOCAL GOVT ENVRNM              | Louisiana Local Government Environmental Facilities & Community Development Auth | CUSIP: 54628CAM4<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1236465.84   | 0.23%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA ARPT REVENUE                | City of Philadelphia PA Airport Revenue                                          | CUSIP: 717817XN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2370000 | PA      | $2614588.27   | 0.49%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAND CREEK CO MET DIST                      | Sand Creek Metropolitan District                                                 | CUSIP: 799712DV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500159.45    | 0.09%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST ECON DEV AUTH              | West Virginia Economic Development Authority                                     | CUSIP: 95648VBY4<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010345.40   | 0.19%             | 2041-01-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| ONTARIO CA CMNTY FACS DIST #64              | City of Ontario CA Community Facilities District No 64                           | CUSIP: 68305GAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $568497.35    | 0.11%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F              | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638QSF7<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    680000 | PA      | $682646.22    | 0.13%             | 2052-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST POLL CONTROL FIN              | California Pollution Control Financing Authority                                 | CUSIP: 130536LV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2028832.40   | 0.38%             | 2031-07-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR              | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JQC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    234000 | PA      | $223455.16    | 0.04%             | 2027-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| W VLGS FL IMPT DIST                         | West Villages Improvement District                                               | CUSIP: 956454AN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1219841.29   | 0.23%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL HSG FIN A              | Hillsborough County Housing Finance Authority                                    | CUSIP: 43232EDD8<br>LEI: 5493003JJ1KK4FWWU787 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1254892.75   | 0.23%             | 2043-01-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| VERMONT ST HSG FIN AGY                      | Vermont Housing Finance Agency                                                   | CUSIP: 924190MY4<br>LEI: 549300RD7EYN90K0W008 | Long             | DBT              | MUN               | US        |    700000 | PA      | $700569.24    | 0.13%             | 2032-11-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PHELPS CNTY MO HOSP REVENUE                 | County of Phelps MO                                                              | CUSIP: 717252CQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $502162.34    | 0.09%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT BUSINESS PRIVILEGE T              | Territory of Guam                                                                | CUSIP: 40065NCL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $259983.38    | 0.05%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV              | City & County of Denver CO Airport System Revenue                                | CUSIP: 249182LE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1362514.25   | 0.25%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI HOSP REVENU              | Public Finance Authority                                                         | CUSIP: 74442CDE1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    125000 | PA      | $122985.71    | 0.02%             | 2026-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV              | Colorado Health Facilities Authority                                             | CUSIP: 19648FVN1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.37%             | 2062-05-15      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH POLL CO              | Development Authority of Burke County/The                                        | CUSIP: 121342QL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1510181.55   | 0.28%             | 2053-11-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI              | Washington State Housing Finance Commission                                      | CUSIP: 939783P67<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    350000 | PA      | $358885.98    | 0.07%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                 | City of Houston TX Airport System Revenue                                        | CUSIP: 442349DJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017778.60   | 0.19%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP                     | Florida Housing Finance Corp                                                     | CUSIP: 34073JVE6<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1752991.45   | 0.33%             | 2042-06-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA                              | City of Los Angeles CA                                                           | CUSIP: 544351SF7<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011500.90   | 0.19%             | 2026-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EDGEWATER EAST CDD FL SPL ASSM              | Edgewater East Community Development District                                    | CUSIP: 280286AE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $411972.70    | 0.08%             | 2027-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA DEV AUTH POLL C              | Development Authority of Monroe County/The                                       | CUSIP: 610530FY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1701705.95   | 0.32%             | 2048-10-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AUTH FL HLTH CAR              | Capital Trust Authority                                                          | CUSIP: 14055GAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2255446.80   | 0.42%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NTHRN PALM BEACH CNTY FL IMPT               | Northern Palm Beach County Improvement District                                  | CUSIP: 665588SK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $749616.15    | 0.14%             | 2031-08-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP               | Arlington Higher Education Finance Corp                                          | CUSIP: 041807BN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $158751.06    | 0.03%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH NATIO              | Arizona Industrial Development Authority                                         | CUSIP: 04052FCY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500041.70    | 0.09%             | 2027-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A              | Metropolitan Washington Airports Authority Aviation Revenue                      | CUSIP: 592647ML2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061725.60   | 0.20%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING               | Pennsylvania Economic Development Financing Authority                            | CUSIP: 708692BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1404125.52   | 0.26%             | 2038-08-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST ECON DEV AUTH              | West Virginia Economic Development Authority                                     | CUSIP: 95648VBX6<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2039264.60   | 0.38%             | 2042-12-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                                | CUSIP: 452152P21<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2365000 | PA      | $2458568.62   | 0.46%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CELINA TX SPL ASSESSMENT REVEN              | City of Celina TX                                                                | CUSIP: 15114CKC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $337928.00    | 0.06%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A              | Metropolitan Washington Airports Authority Aviation Revenue                      | CUSIP: 592647NN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1393459.38   | 0.26%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBIA CNTY GA HOSP AUTH                  | Columbia County Hospital Authority/GA                                            | CUSIP: 197479AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $257471.55    | 0.05%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R              | State of Connecticut Special Tax Revenue                                         | CUSIP: 207758VS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2030234.00   | 0.38%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAINE ST HSG AUTH MTGE PURCHAS              | Maine State Housing Authority                                                    | CUSIP: 56052FW35<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2020090.00   | 0.38%             | 2030-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE              | City of San Antonio TX Electric & Gas Systems Revenue                            | CUSIP: 7962534D1<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250000.00    | 0.05%             | 2030-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TWO RIVERS WEST CDD FL SPL ASS              | Two Rivers West Community Development District                                   | CUSIP: 90207HAJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $225337.24    | 0.04%             | 2031-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| FORT WORTH TX SPL ASSMNT REVEN              | City of Fort Worth TX                                                            | CUSIP: 349506AL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $719713.33    | 0.13%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEADE CNTY KY INDL BLDG REVENU              | County of Meade KY                                                               | CUSIP: 583022AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100000.00   | 0.20%             | 2061-08-01      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| COCONINO CNTY AZ POLL CONTROLC              | Coconino County Pollution Control Corp                                           | CUSIP: 191855BM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001182.60   | 0.19%             | 2039-03-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM              | North Carolina Medical Care Commission                                           | CUSIP: 65820YVR4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2010000 | PA      | $2018044.62   | 0.38%             | 2030-11-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| AVELAR CREEK FL CDD SPL ASSMNT              | Avelar Creek Community Development District                                      | CUSIP: 05355LAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99937.60     | 0.02%             | 2031-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST ENERGY ACQUISITIO              | Tennessee Energy Acquisition Corp                                                | CUSIP: 880443JP2<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1900483.55   | 0.35%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE              | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83704HAA5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    250000 | PA      | $257191.58    | 0.05%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOLOMATO FL CDD                             | Tolomato Community Development District                                          | CUSIP: 889560EB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $780340.63    | 0.15%             | 2026-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REVENUE                     | City of Atlanta GA Department of Aviation                                        | CUSIP: 04780MXF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2020281.80   | 0.38%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| APPLING CNTY GA DEV AUTH                    | Development Authority of Appling County                                          | CUSIP: 038315EV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.37%             | 2041-09-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP               | Arlington Higher Education Finance Corp                                          | CUSIP: 041807BM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $156016.11    | 0.03%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST HSG CORP MF REVENUE                 | Utah Housing Corp                                                                | CUSIP: 917434DF6<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2011218.20   | 0.37%             | 2043-08-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| FONTANA CA SPL TAX                          | City of Fontana CA                                                               | CUSIP: 344630M21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $512332.91    | 0.10%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LTC RANCH WEST RSDL CMNTY DEV               | LTC Ranch West Residential Community Development District                        | CUSIP: 50218SAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $189411.46    | 0.04%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                | Illinois Finance Authority                                                       | CUSIP: 45204EET1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    225000 | PA      | $230647.88    | 0.04%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST ENERGY ACQUISITIO              | Tennessee Energy Acquisition Corp                                                | CUSIP: 880443JQ0<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1631688.45   | 0.30%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EPPERSON N CDD FL CAPITAL IMPT              | Epperson North Community Development District                                    | CUSIP: 29429VAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $338361.66    | 0.06%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE-MECKLENBURG NC HOSP               | Charlotte-Mecklenburg Hospital Authority/The                                     | CUSIP: 160853MS3<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.28%             | 2037-01-15      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HLTH & HGR EDUCTNL              | Maryland Health & Higher Educational Facilities Authority                        | CUSIP: 57421CNS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2242869.60   | 0.42%             | 2056-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI RETMNT FAC               | Public Finance Authority                                                         | CUSIP: 74444VBN9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    390000 | PA      | $406354.88    | 0.08%             | 2032-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV              | Colorado Health Facilities Authority                                             | CUSIP: 19648FZX5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    395000 | PA      | $423736.45    | 0.08%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV SPL IMPT DIST #81              | City of Las Vegas NV Special Improvement District No 816                         | CUSIP: 51779AAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $97283.60     | 0.02%             | 2028-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FORT BEND CNTY TX MUNI UTILITY              | Fort Bend County Municipal Utility District No 184                               | CUSIP: 34682XDY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $306482.29    | 0.06%             | 2028-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM              | North Carolina Medical Care Commission                                           | CUSIP: 65820YVH6<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1256944.50   | 0.23%             | 2030-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM              | North Carolina Medical Care Commission                                           | CUSIP: 65821DZV6<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1089791.40   | 0.20%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CLUB MUNI MGMT DIST #1 TX SPL               | Club Municipal Management District No 1                                          | CUSIP: 18948PAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $24832.25     | 0.00%             | 2026-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F              | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638QPE3<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007361.30   | 0.19%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOLSOM RANCH CA FING AUTH SPL               | Folsom Ranch Financing Authority                                                 | CUSIP: 344414DP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100655.36    | 0.02%             | 2026-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ASTORIA OR HOSP FACS AUTH                   | Astoria Hospital Facilities Authority                                            | CUSIP: 046279CD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $727017.79    | 0.14%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CROSS CREEK N CDD FL SPL ASSMN              | Cross Creek North Community Development District                                 | CUSIP: 227521AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $235340.42    | 0.04%             | 2027-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| W VLGS FL IMPT DIST                         | West Villages Improvement District                                               | CUSIP: 956454CW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $724032.79    | 0.13%             | 2030-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                 | City of Houston TX Airport System Revenue                                        | CUSIP: 442349CC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $774103.73    | 0.14%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL               | New York City Transitional Finance Authority Building Aid Revenue                | CUSIP: 64972HZW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $350494.71    | 0.07%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FARMINGTON NM POLL CONTROL REV              | City of Farmington NM                                                            | CUSIP: 311450GC8<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2035651.60   | 0.38%             | 2040-06-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL EDU FA              | Harris County Cultural Education Facilities Finance Corp                         | CUSIP: 414009SD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $449081.04    | 0.08%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CYPRESS PRESERVE CMNTY DEV DIS              | Cypress Preserve Community Development District                                  | CUSIP: 23284AAG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $920724.74    | 0.17%             | 2031-11-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A              | Metropolitan Washington Airports Authority Aviation Revenue                      | CUSIP: 592647FD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1119502.46   | 0.21%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORSYTH MT POLL CONTROL REVENU              | City of Forsyth MT                                                               | CUSIP: 346668DN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2043752.20   | 0.38%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH WT              | New Jersey Economic Development Authority                                        | CUSIP: 645780FT9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1521478.50   | 0.28%             | 2034-11-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI RETMNT FAC               | Public Finance Authority                                                         | CUSIP: 74444VBM1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    390000 | PA      | $408139.37    | 0.08%             | 2031-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ENERGY N W WA ELEC REVENUE                  | Energy Northwest                                                                 | CUSIP: 29270C4E2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $121376.68    | 0.02%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE              | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83704HAC1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    200000 | PA      | $211140.22    | 0.04%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN               | New York City Municipal Water Finance Authority                                  | CUSIP: 64972GCM4<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.19%             | 2050-06-15      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA              | Main Street Natural Gas Inc                                                      | CUSIP: 56035DEL2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2115753.00   | 0.39%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH              | Kentucky Public Energy Authority                                                 | CUSIP: 74440DEV2<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    280000 | PA      | $297355.66    | 0.06%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNERGY CORP TN GAS REVENUE                | Tennergy Corp/TN                                                                 | CUSIP: 880397CJ1<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   2260000 | PA      | $2398364.21   | 0.45%             | 2054-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                 | City of New York NY                                                              | CUSIP: 64966MU98<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.56%             | 2046-10-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY OH HLTH CARE F              | County of Montgomery OH                                                          | CUSIP: 613518CS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $354163.58    | 0.07%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV SPL IMPT DIST #81              | City of Las Vegas NV Special Improvement District No 816                         | CUSIP: 51779AAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $223898.29    | 0.04%             | 2026-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER OH PORT AUTH GAS REV              | Lancaster Port Authority                                                         | CUSIP: 514401BN7<br>LEI: 5493007EGWLFDZJFF129 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064307.70   | 0.20%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BALDWIN CNTY AL INDL DEV AUTH               | Baldwin County Industrial Development Authority                                  | CUSIP: 05786PAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1260356.13   | 0.23%             | 2055-06-01      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO AVIATION AUTH FL S              | Greater Orlando Aviation Authority                                               | CUSIP: 39227AAA0<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1939999.32   | 0.36%             | 2034-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| V-DANA CDD FL SPL ASSMNT                    | V-Dana Community Development District                                            | CUSIP: 91822RAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $414524.99    | 0.08%             | 2032-05-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE              | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83704HAB3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    250000 | PA      | $260775.98    | 0.05%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL INDL DEV AUTH HLTH              | Lee County Industrial Development Authority/FL                                   | CUSIP: 52349EET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006811.20   | 0.19%             | 2029-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP                   | Maryland Economic Development Corp                                               | CUSIP: 574205GR5<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1592580.98   | 0.30%             | 2036-10-01      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY OH HLTH CARE F              | County of Montgomery OH                                                          | CUSIP: 613518CT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $386113.91    | 0.07%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHMOST TX REGL WTR AUTH WTR              | Southmost Regional Water Authority                                               | CUSIP: 84455LFD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1364661.90   | 0.25%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                 | City of Houston TX Airport System Revenue                                        | CUSIP: 442349FJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $321795.03    | 0.06%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMNTY DEV ADMIN MD MF DEV REVE              | Maryland Community Development Administration                                    | CUSIP: 20364NBW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $446075.36    | 0.08%             | 2031-08-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                                         | CUSIP: 04052BGP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1033980.44   | 0.19%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PARRISH LAKES CDD CAPITAL IMPT              | Parrish Lakes Community Development District                                     | CUSIP: 70183FAG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $388579.56    | 0.07%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FUND LTD              | Michigan Strategic Fund                                                          | CUSIP: 594698TK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004907.40   | 0.37%             | 2049-10-01      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| SILVER PALMS W CDD FL SPL ASSM              | Silver Palms West Community Development District                                 | CUSIP: 82807YAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $157717.17    | 0.03%             | 2027-06-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST HSG & FIN AUTH REVE              | Georgia Housing & Finance Authority                                              | CUSIP: 37353PNT2<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |    420000 | PA      | $430622.43    | 0.08%             | 2031-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F              | New Jersey Health Care Facilities Financing Authority                            | CUSIP: 645790MD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $975307.55    | 0.18%             | 2045-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH POLL CO              | Development Authority of Burke County/The                                        | CUSIP: 121342PQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 0.15%             | 2052-11-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| SILVER PALMS W CDD FL SPL ASSM              | Silver Palms West Community Development District                                 | CUSIP: 82807YAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $736760.71    | 0.14%             | 2032-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SP              | California Municipal Finance Authority                                           | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3026936.40   | 0.56%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI RETMNT FAC               | Public Finance Authority                                                         | CUSIP: 74444VBK5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    325000 | PA      | $335994.04    | 0.06%             | 2029-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN              | Tennessee Housing Development Agency                                             | CUSIP: 88046KSG2<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    230000 | PA      | $232724.65    | 0.04%             | 2031-01-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| CMNTY DEV ADMIN MD MF DEV REVE              | Maryland Community Development Administration                                    | CUSIP: 20364NBX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $359249.57    | 0.07%             | 2032-02-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE              | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83704HAE7<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    250000 | PA      | $268629.58    | 0.05%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY ST PER              | New York State Housing Finance Agency                                            | CUSIP: 649870NF5<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507718.05    | 0.09%             | 2054-06-15      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA              | Main Street Natural Gas Inc                                                      | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    880000 | PA      | $894079.91    | 0.17%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA URBAN RSDL FIN AUTH              | Atlanta Urban Residential Finance Authority                                      | CUSIP: 04785VBX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2525846.50   | 0.47%             | 2029-02-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE              | Port Authority of New York & New Jersey                                          | CUSIP: 73358XRE4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2227344.20   | 0.41%             | 2031-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE                 | Indiana Finance Authority                                                        | CUSIP: 45506ENN9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    600000 | PA      | $621960.54    | 0.12%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC ARPT REVENUE                   | City of Charlotte NC Airport Revenue                                             | CUSIP: 161036LZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $259025.33    | 0.05%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HLTH & EDU FA              | New Hampshire Health and Education Facilities Authority Act                      | CUSIP: 64461XLP8<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    300000 | PA      | $334649.52    | 0.06%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOBILE AL INDL DEV BRD POLL CO              | Industrial Development Board of the City of Mobile Alabama                       | CUSIP: 607167DX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001284.40   | 0.37%             | 2034-07-15      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| CASS CNTY ND JT WTR RESOURCE D              | Cass County Joint Water Resource District                                        | CUSIP: 14805PBA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000647.80   | 0.37%             | 2027-04-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| LTC RANCH WEST RSDL CMNTY DEV               | LTC Ranch West Residential Community Development District                        | CUSIP: 50218SAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $133073.97    | 0.02%             | 2031-05-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST HSG & FIN AUTH REVE              | Georgia Housing & Finance Authority                                              | CUSIP: 37353PNU9<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |    650000 | PA      | $668444.14    | 0.12%             | 2031-12-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST HSG FIN AGYM              | North Carolina Housing Finance Agency                                            | CUSIP: 65821BAM7<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2934878.24   | 0.55%             | 2029-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST BUSINESS FIN CO              | Mississippi Business Finance Corp                                                | CUSIP: 60528ABM5<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |    850000 | PA      | $850000.00    | 0.16%             | 2030-12-01      | Variable      | 3.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH                 | Connecticut Housing Finance Authority                                            | CUSIP: 20774WY39<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1369538.49   | 0.25%             | 2030-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV              | Colorado Health Facilities Authority                                             | CUSIP: 19648FVL5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2120647.60   | 0.39%             | 2062-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ADAMS CNTY PA GEN AUTH REV                  | Adams County General Authority                                                   | CUSIP: 006114AG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1210302.48   | 0.22%             | 2029-06-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE                 | Indiana Finance Authority                                                        | CUSIP: 45506ENM1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    570000 | PA      | $581021.29    | 0.11%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECON DEV CORP SOL W              | Mission Economic Development Corp                                                | CUSIP: 605155BW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1167717.26   | 0.22%             | 2064-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                 | City of Houston TX Airport System Revenue                                        | CUSIP: 442349DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $916000.74    | 0.17%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILLS MINNEOLA CMNTY DEV DIST               | Hills of Minneola Community Development District                                 | CUSIP: 431688AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2178856.24   | 0.40%             | 2031-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ONTARIO CA CMNTY FACS DIST #64              | City of Ontario CA Community Facilities District No 64                           | CUSIP: 68305GAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $535768.70    | 0.10%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REVENUE                     | City of Atlanta GA Department of Aviation                                        | CUSIP: 04780MXK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2739151.50   | 0.51%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE              | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83704HAD9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    225000 | PA      | $239718.74    | 0.04%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A              | California Community Choice Financing Authority                                  | CUSIP: 13013JEP7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    910000 | PA      | $976310.24    | 0.18%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A              | California Community Choice Financing Authority                                  | CUSIP: 13013JBJ4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    350000 | PA      | $356622.63    | 0.07%             | 2053-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CYPRESS RESERVE CDD FL CAPITAL              | Cypress Reserve Community Development District                                   | CUSIP: 23280AAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $358630.09    | 0.07%             | 2030-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST ENERGY ACQUISITIO              | Tennessee Energy Acquisition Corp                                                | CUSIP: 880443JF4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2591431.25   | 0.48%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE                 | Indiana Finance Authority                                                        | CUSIP: 45506DA96<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25103.94     | 0.00%             | 2026-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE                  | Port of Seattle WA                                                               | CUSIP: 735389XG8<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501715.05    | 0.09%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY AFFORD              | New York State Housing Finance Agency                                            | CUSIP: 64987JZ38<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    300000 | PA      | $307356.24    | 0.06%             | 2044-11-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH GAS SPLYR              | Illinois Finance Authority                                                       | CUSIP: 45202WAH3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001451.20   | 0.37%             | 2030-03-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ECON DEV R              | Indiana Finance Authority                                                        | CUSIP: 45505RBN4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000228.80   | 0.19%             | 2028-05-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP              | New York Transportation Development Corp                                         | CUSIP: 650116CL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2315000 | PA      | $2394675.59   | 0.45%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN              | Florida Development Finance Corp                                                 | CUSIP: 34061UGM4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    150000 | PA      | $151168.46    | 0.03%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CREEKVIEW CDD FL SPL ASSMNT RE              | Creekview Community Development District                                         | CUSIP: 225514AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $104760.21    | 0.02%             | 2027-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST DEV FIN AUTH SOL W              | Illinois Development Finance Authority                                           | CUSIP: 451889AT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3008633.40   | 0.56%             | 2044-11-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL EDU FA              | Harris County Cultural Education Facilities Finance Corp                         | CUSIP: 414008CZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1650500.55   | 0.31%             | 2054-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV SPL IMPT DIST #81              | City of Las Vegas NV Special Improvement District No 819                         | CUSIP: 51779EAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $284311.03    | 0.05%             | 2029-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LA PORTE IN MULTI SCH BLDG COR              | LaPorte Multi School Building Corp                                               | CUSIP: 504025FC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1415786.81   | 0.26%             | 2032-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GIR EAST CDD FL CAPITAL IMPT R              | GIR East Community Development District                                          | CUSIP: 37611TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507913.15    | 0.09%             | 2032-05-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                 | City of Houston TX Airport System Revenue                                        | CUSIP: 442349AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $210585.36    | 0.04%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL               | Black Belt Energy Gas District                                                   | CUSIP: 09182TEJ2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    745000 | PA      | $809971.90    | 0.15%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD TX ARPT MODERNIZATI              | Love Field Airport Modernization Corp                                            | CUSIP: 54714CBJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $707786.24    | 0.13%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SO              | California Municipal Finance Authority                                           | CUSIP: 13048RAK3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000186.90   | 0.19%             | 2051-07-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| PETTIS CNTY MO SCH DIST SEDALI              | Pettis County School District No 200 Sedalia                                     | CUSIP: 716787EX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1587486.68   | 0.30%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE              | City of Salt Lake City UT Airport Revenue                                        | CUSIP: 795576LH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $656537.57    | 0.12%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH SEWAGE              | Great Lakes Water Authority Sewage Disposal System Revenue                       | CUSIP: 39081HAS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $438496.27    | 0.08%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTPOINTE SPL IMPT DIST TX                 | Westpointe Special Improvement District                                          | CUSIP: 96124RBP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $422617.13    | 0.08%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ENVRNMNTL               | Indiana Finance Authority                                                        | CUSIP: 455054BG0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    545000 | PA      | $551954.91    | 0.10%             | 2035-05-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH              | Kentucky Public Energy Authority                                                 | CUSIP: 74440DFC3<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   2135000 | PA      | $2301470.43   | 0.43%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN              | Tennessee Housing Development Agency                                             | CUSIP: 88046KSH0<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    210000 | PA      | $213338.66    | 0.04%             | 2031-07-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| WARREN CNTY MS GULF OPPORTUNIT              | County of Warren MS                                                              | CUSIP: 935031AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1200306.29   | 0.22%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE                  | Port of Seattle WA                                                               | CUSIP: 7353893N6<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1672151.25   | 0.31%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SO              | California Municipal Finance Authority                                           | CUSIP: 13048RAL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2517905.25   | 0.47%             | 2041-10-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| VOLUSIA CNTY FL EDUCTNL FAC AU              | Volusia County Educational Facility Authority                                    | CUSIP: 928836NH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $458846.28    | 0.09%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A              | Metropolitan Washington Airports Authority Aviation Revenue                      | CUSIP: 592647LC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1454047.97   | 0.27%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                | Michigan Finance Authority                                                       | CUSIP: 59447TAM5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    155000 | PA      | $155301.34    | 0.03%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONSOL MUNI ELEC PWR SYS WY JT              | Consolidated Municipalities Electric Power Systems Joint Powers Board            | CUSIP: 210295EU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $849169.56    | 0.16%             | 2037-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VIVID SHORES CMNTY DEV DIST FL              | Vivid Shores Community Development District                                      | CUSIP: 92853QAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $543850.90    | 0.10%             | 2030-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL               | Black Belt Energy Gas District                                                   | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054575.70   | 0.20%             | 2053-02-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| GROVES AT LAKE MARION CDD FL S              | Groves at Lake Marion Community Development District                             | CUSIP: 399735AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $801928.32    | 0.15%             | 2033-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONSOL MUNI ELEC PWR SYS WY JT              | Consolidated Municipalities Electric Power Systems Joint Powers Board            | CUSIP: 210295EH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $252034.55    | 0.05%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATI              | Dallas Fort Worth International Airport                                          | CUSIP: 23503CCM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $523630.50    | 0.10%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI STUDENT HSG              | Public Finance Authority                                                         | CUSIP: 74439YFG1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    400000 | PA      | $431925.68    | 0.08%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PINE ISLE CMNTY DEV DIST FL SP              | Pine Isle Community Development District                                         | CUSIP: 72265AAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $44690.07     | 0.01%             | 2026-12-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| VERMONT ST ECON DEV AUTH SOLID              | Vermont Economic Development Authority                                           | CUSIP: 924157AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101620.85    | 0.02%             | 2036-04-01      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REVENUE              | Chicago Midway International Airport                                             | CUSIP: 167562RR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509703.40    | 0.09%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV              | Colorado Health Facilities Authority                                             | CUSIP: 19648FZA5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    505000 | PA      | $537543.66    | 0.10%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE              | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83703EMV4<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1375349.00   | 0.26%             | 2055-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA              | Main Street Natural Gas Inc                                                      | CUSIP: 56035DCR1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1297484.19   | 0.24%             | 2050-03-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEPT GEN SVCS DIV F              | Florida Department of Management Services                                        | CUSIP: 341602F96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513731.45    | 0.10%             | 2030-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R              | Massachusetts Development Finance Agency                                         | CUSIP: 57585BJJ8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2122143.00   | 0.39%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUGARLOAF CDD FL CAPITAL IMPT               | Sugarloaf Community Development District                                         | CUSIP: 865037AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $545000.05    | 0.10%             | 2033-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F              | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638THB2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    300000 | PA      | $330669.33    | 0.06%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNION CNTY OR HOSP FAC AUTH                 | Union County Hospital Facility Authority                                         | CUSIP: 906420BQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100662.10    | 0.02%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP               | Arlington Higher Education Finance Corp                                          | CUSIP: 041807PR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $778076.25    | 0.14%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STAMFORD CT HSG AUTH                        | Stamford Housing Authority                                                       | CUSIP: 852640AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2028751.40   | 0.38%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS-ECON DEV A              | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83703DAA5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001197.90   | 0.19%             | 2033-04-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM              | North Carolina Medical Care Commission                                           | CUSIP: 65821DYB1<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    375000 | PA      | $383862.41    | 0.07%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KYLE TX SPL ASSMNT REVENUE                  | City of Kyle TX                                                                  | CUSIP: 50156CAB6<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |    715000 | PA      | $720110.89    | 0.13%             | 2029-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MCCLAIN CNTY OK INDEP SCH DIST              | McClain County Independent School District No 1 Newcastle                        | CUSIP: 579476DA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009808.50   | 0.19%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY PROJ NE G              | Central Plains Energy Project                                                    | CUSIP: 154871CW5<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061483.50   | 0.20%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH AL COMMO              | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136FAH0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2315000 | PA      | $2359588.98   | 0.44%             | 2051-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| N TEXAS HGR EDU AUTH INC EDU L              | North Texas Higher Education Authority Inc                                       | CUSIP: 66286UAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $563296.47    | 0.10%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A              | City of Los Angeles Department of Airports                                       | CUSIP: 544445JD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $784098.26    | 0.15%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST ASSOCIATED MUNI PWR SY              | Utah Associated Municipal Power Systems                                          | CUSIP: 917328RV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $654070.56    | 0.12%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HLTH CARE FACS A              | Washington Health Care Facilities Authority                                      | CUSIP: 93978HWT8<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103728.58    | 0.02%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM              | North Carolina Medical Care Commission                                           | CUSIP: 65820YTV8<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    680000 | PA      | $680453.08    | 0.13%             | 2029-01-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| TRIMBLE CNTY KY ENVRNMNTL FACS              | County of Trimble KY                                                             | CUSIP: 896221AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1595464.25   | 0.30%             | 2054-06-01      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEV AUTH INDL              | Chandler Industrial Development Authority                                        | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1275822.13   | 0.24%             | 2052-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL               | Black Belt Energy Gas District                                                   | CUSIP: 09182NCT5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1078691.60   | 0.20%             | 2053-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| LIBERTY COVE CDD FL SPL ASSMNT              | Liberty Cove Community Development District                                      | CUSIP: 530430AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $615723.38    | 0.11%             | 2031-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA GAS WKS REVENU              | Philadelphia Gas Works Co                                                        | CUSIP: 7178238G6<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |    865000 | PA      | $879585.02    | 0.16%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OAK POINT TX SPL ASSMNT REVENU              | City of Oak Point TX                                                             | CUSIP: 67176TAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202609.22    | 0.04%             | 2031-09-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| VERMONT ST ECON DEV AUTH SOLID              | Vermont Economic Development Authority                                           | CUSIP: 924157AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022921.00   | 0.19%             | 2052-06-01      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| THE HEIGHTS CDD FL SPL ASSESSM              | Heights Community Development District                                           | CUSIP: 88339EAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $456976.25    | 0.08%             | 2028-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENSACOLA FL ARPT REVENUE                   | City of Pensacola FL Airport Revenue                                             | CUSIP: 709427ES3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $1116978.29   | 0.21%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE              | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83703EMU6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1753387.50   | 0.33%             | 2049-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV SPL IMPT DIST #81              | City of Las Vegas NV Special Improvement District No 812                         | CUSIP: 517784AR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $905701.28    | 0.17%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP HLTHCAREF              | Florida Development Finance Corp                                                 | CUSIP: 34061QDW4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2767405.75   | 0.51%             | 2056-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SIX MILE CREEK FL CDD CAPITAL               | Six Mile Creek Community Development District                                    | CUSIP: 83005TAY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $69829.65     | 0.01%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP               | Arlington Higher Education Finance Corp                                          | CUSIP: 041806MM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253820.95    | 0.05%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST ASSOCIATED MUNI PWR SY              | Utah Associated Municipal Power Systems                                          | CUSIP: 917328RU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047548.60   | 0.19%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL HLTH FACS A              | Palm Beach County Health Facilities Authority                                    | CUSIP: 69650MAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3675000 | PA      | $3728726.66   | 0.69%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HLTH & HGR EDUCTNL              | Maryland Health & Higher Educational Facilities Authority                        | CUSIP: 57421CHW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.37%             | 2055-07-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH HOSP REV              | Arizona Industrial Development Authority                                         | CUSIP: 04052EAR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1450779.94   | 0.27%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST BUSINESS FIN CO              | Mississippi Business Finance Corp                                                | CUSIP: 60528ABH6<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1330000.00   | 0.25%             | 2030-12-01      | Variable      | 3.05%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE              | City of Salt Lake City UT Airport Revenue                                        | CUSIP: 795576LK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $737720.41    | 0.14%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SOL WST D              | New Hampshire Business Finance Authority                                         | CUSIP: 63608RAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002229.40   | 0.37%             | 2033-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PORTLAND OR SWR SYS REVENUE                 | City of Portland OR Sewer System Revenue                                         | CUSIP: 736742ZK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2008643.40   | 0.37%             | 2031-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST ENERGY ACQUISITIO              | Tennessee Energy Acquisition Corp                                                | CUSIP: 880443JJ6<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088926.70   | 0.20%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRADITIONS CO MET DIST #2                   | Traditions Metropolitan District No 2                                            | CUSIP: 892684AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1072840.47   | 0.20%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CELINA TX SPL ASSESSMENT REVEN              | City of Celina TX                                                                | CUSIP: 15114CKA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $309018.12    | 0.06%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BABCOCK RANCH CMNTY INDEP SPL               | Babcock Ranch Community Independent Special District                             | CUSIP: 05616KBP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110308.03    | 0.02%             | 2027-05-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| RHODINE ROAD NORTH CDD FL SPL               | Rhodine Road North Community Development District                                | CUSIP: 762402AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $361963.75    | 0.07%             | 2030-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC              | Health & Educational Facilities Authority of the State of Missouri               | CUSIP: 60635H3U1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    500000 | PA      | $524182.75    | 0.10%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI              | Pennsylvania Turnpike Commission                                                 | CUSIP: 709224RH4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    375000 | PA      | $381409.58    | 0.07%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST ENVRNMNTL FACS COR              | New York State Environmental Facilities Corp                                     | CUSIP: 649852AS9<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015991.60   | 0.19%             | 2050-09-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| MAINE ST HSG AUTH MTGE PURCHAS              | Maine State Housing Authority                                                    | CUSIP: 56052FS55<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |    320000 | PA      | $328059.74    | 0.06%             | 2031-11-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION&              | Texas Municipal Gas Acquisition & Supply Corp IV                                 | CUSIP: 88256PAG5<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   2030000 | PA      | $2168030.05   | 0.40%             | 2054-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE              | Public Finance Authority                                                         | CUSIP: 74442ENV8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1758074.33   | 0.33%             | 2033-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA              | Main Street Natural Gas Inc                                                      | CUSIP: 56035DHZ8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1961751.95   | 0.36%             | 2054-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE & JEFFERSON CNTY KY              | Louisville/Jefferson County Metropolitan Government                              | CUSIP: 54659LDC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.37%             | 2053-10-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR              | City & County Honolulu HI Wastewater System Revenue                              | CUSIP: 438701H49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010906.70   | 0.19%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN               | New York City Municipal Water Finance Authority                                  | CUSIP: 64972GC44<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500000.00   | 0.65%             | 2044-06-15      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| GULFPORT MS HOSP FAC REVENUE                | City of Gulfport MS                                                              | CUSIP: 402682CS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $747219.94    | 0.14%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIMBLE CNTY KY ENVRNMNTL FACS              | County of Trimble KY                                                             | CUSIP: 896221AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2513614.00   | 0.47%             | 2033-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| OWENSBORO KY WTR REVENUE                    | City of Owensboro KY Water Revenue                                               | CUSIP: 691106MC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1860000 | PA      | $1877031.65   | 0.35%             | 2031-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SPARKS NV TOURISM IMPT DIST #1              | Sparks Tourism Improvement District No 1                                         | CUSIP: 846562AF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005522.90   | 0.19%             | 2028-06-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH              | Maricopa County Industrial Development Authority                                 | CUSIP: 56681NAV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99976.60     | 0.02%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHESTER CNTY PA INDL DEV AUTH               | Chester County Industrial Development Authority                                  | CUSIP: 165588FP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2016702.20   | 0.37%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R              | Massachusetts Development Finance Agency                                         | CUSIP: 57584YMG1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1546917.00   | 0.29%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC              | Health & Educational Facilities Authority of the State of Missouri               | CUSIP: 60635H3V9<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    485000 | PA      | $515466.88    | 0.10%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KINGSTON ONE CDD FL SPL ASSMNT              | Kingston One Community Development District                                      | CUSIP: 496631AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016855.90   | 0.19%             | 2030-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A              | Metropolitan Washington Airports Authority Aviation Revenue                      | CUSIP: 592647KE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2145000 | PA      | $2343557.93   | 0.44%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FUND LTD              | Michigan Strategic Fund                                                          | CUSIP: 594698TD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $980069.60    | 0.18%             | 2053-06-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING               | Pennsylvania Economic Development Financing Authority                            | CUSIP: 70868YAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2262826.23   | 0.42%             | 2029-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| V-DANA CDD FL SPL ASSMNT                    | V-Dana Community Development District                                            | CUSIP: 91822RAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $94775.52     | 0.02%             | 2026-05-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| PENSACOLA FL ARPT REVENUE                   | City of Pensacola FL Airport Revenue                                             | CUSIP: 709427EQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1122559.65   | 0.21%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX HSG FIN CORP                | Tarrant County Housing Finance Corp                                              | CUSIP: 876394UP0<br>LEI: 54930055IA4O4ZTEN156 | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1863491.83   | 0.35%             | 2043-02-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| TROPHY CLUB TX PUBLIC IMPT DIS              | Town of Trophy Club TX Public Improvement District No 1                          | CUSIP: 89706PAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513043.80    | 0.10%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RICHMOND VA REDEV & HSG AUTH M              | Richmond Redevelopment & Housing Authority                                       | CUSIP: 76543PBA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2022730.00   | 0.38%             | 2046-09-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| OMAHA NE PUBLIC PWR DIST ELEC               | Omaha Public Power District                                                      | CUSIP: 682001EZ1<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250000.00    | 0.05%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST BRD REGENTS HOSP REVEN              | State of Iowa Board of Regents                                                   | CUSIP: 46256QPH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040448.40   | 0.19%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                                | CUSIP: 452153EU9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    250000 | PA      | $263244.25    | 0.05%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C              | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136HDE0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1296533.61   | 0.24%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AVE MARIA FL STEWARDSHIP CMNTY              | Ave Maria Stewardship Community District                                         | CUSIP: 05355ABF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $937884.79    | 0.17%             | 2031-05-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| LOWRY CROSSING TX SPL ASSMNT R              | City of Lowry Crossing TX                                                        | CUSIP: 54877WAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    443000 | PA      | $450163.97    | 0.08%             | 2030-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                              | State of Connecticut                                                             | CUSIP: 20772KB99<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |    525000 | PA      | $564603.01    | 0.10%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATI              | Dallas Fort Worth International Airport                                          | CUSIP: 23503CFS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2788636.00   | 0.52%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ESCAMBIA CNTY FL ENVRNMNTL IMP              | County of Escambia FL                                                            | CUSIP: 29610QAH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $360672.33    | 0.07%             | 2033-11-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                | Michigan Finance Authority                                                       | CUSIP: 59447TUP6<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1233936.63   | 0.23%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA CNTY OK FIN AUTH EDUC              | Oklahoma County Finance Authority                                                | CUSIP: 67868UFX6<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |    300000 | PA      | $304462.44    | 0.06%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL               | Black Belt Energy Gas District                                                   | CUSIP: 09182TCC9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1208458.58   | 0.22%             | 2027-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BABCOCK RANCH CMNTY INDEP SPL               | Babcock Ranch Community Independent Special District                             | CUSIP: 05616KAP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $976355.09    | 0.18%             | 2029-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP               | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KGE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1799474.72   | 0.33%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC              | Health & Educational Facilities Authority of the State of Missouri               | CUSIP: 60637ATR3<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054247.00   | 0.20%             | 2052-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA              | Main Street Natural Gas Inc                                                      | CUSIP: 56035DFT4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105985.87    | 0.02%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE              | South Carolina Jobs-Economic Development Authority                               | CUSIP: 837031WH2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    450000 | PA      | $450969.21    | 0.08%             | 2027-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                | Ohio Air Quality Development Authority                                           | CUSIP: 677525WG8<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $960569.00    | 0.18%             | 2038-12-01      | Variable      | 2.40%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN              | New Hampshire Business Finance Authority                                         | CUSIP: 63608TAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700701.19    | 0.13%             | 2031-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REVENUE              | Chicago Midway International Airport                                             | CUSIP: 167562TE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2221560.80   | 0.41%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY MF HSG REV              | Ohio Housing Finance Agency                                                      | CUSIP: 676900YL1<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006662.10   | 0.19%             | 2044-01-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| PRINCETON TX SPL ASSMNT REVENU              | City of Princeton TX                                                             | CUSIP: 742400CY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $303975.30    | 0.06%             | 2030-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SAINT JAMES PARISH LA REVENUE               | Parish of St James LA                                                            | CUSIP: 790103AZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2042465.00   | 0.38%             | 2041-08-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| MESQUITE TX HSG FIN CORP                    | Mesquite Housing Finance Corp/The                                                | CUSIP: 590746AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2265501.15   | 0.42%             | 2029-08-01      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV              | City & County of Denver CO Airport System Revenue                                | CUSIP: 249182LC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1323662.25   | 0.25%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH HLTH CARE REV              | County of Hamilton OH                                                            | CUSIP: 40727RCS5<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    800000 | PA      | $858383.44    | 0.16%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIDCITY IMPT DIST AL SPL ASSMN              | MidCity Improvement District                                                     | CUSIP: 59564KAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98621.36     | 0.02%             | 2027-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A              | California Community Choice Financing Authority                                  | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4556892.15   | 0.85%             | 2052-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CRANDALL TX SPL ASSMNT REVENUE              | City of Crandall TX                                                              | CUSIP: 224384AE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    104000 | PA      | $104045.24    | 0.02%             | 2026-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST ECON DEV AUTH              | West Virginia Economic Development Authority                                     | CUSIP: 95648VBS7<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013544.80   | 0.19%             | 2040-03-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV              | Colorado Health Facilities Authority                                             | CUSIP: 19648FZQ0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1103111.40   | 0.20%             | 2060-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH WTR SP              | Great Lakes Water Authority Water Supply System Revenue                          | CUSIP: 39081JFY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $435464.24    | 0.08%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY AFFORD              | New York State Housing Finance Agency                                            | CUSIP: 64987JY62<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   3125000 | PA      | $3195066.25   | 0.59%             | 2042-05-01      | Variable      | 3.57%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH POLLUTION              | New Hampshire Business Finance Authority                                         | CUSIP: 63609YAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1200341.93   | 0.22%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS CNTY MO INDL DEV A              | St Louis County Industrial Development Authority                                 | CUSIP: 791524BT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $910533.99    | 0.17%             | 2033-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH AL COMMO              | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136FBD8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507696.00    | 0.09%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON               | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | CUSIP: 592029BU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $367809.30    | 0.07%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A              | California Health Facilities Financing Authority                                 | CUSIP: 13032UJ82<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1250469.50   | 0.23%             | 2027-11-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| GALVESTON TX WHARVES & TERMINA              | City of Galveston TX Wharves & Terminal Revenue                                  | CUSIP: 364568HY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $639517.47    | 0.12%             | 2028-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP FAC REVENUE                    | State of Ohio                                                                    | CUSIP: 677561KK7<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1845739.01   | 0.34%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM              | North Carolina Medical Care Commission                                           | CUSIP: 65820HN90<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   3435000 | PA      | $3435000.00   | 0.64%             | 2051-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HLTH & EDUCTNL              | South Dakota Health & Educational Facilities Authority                           | CUSIP: 83755VX90<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |    440000 | PA      | $491421.96    | 0.09%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                       | Chicago Board of Education                                                       | CUSIP: 167501WF8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |     40000 | PA      | $40485.19     | 0.01%             | 2026-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BERKS CNTY PA INDL DEV AUTH HL              | Berks County Industrial Development Authority                                    | CUSIP: 08452RAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $458702.10    | 0.09%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST MUNI ENERGY ACQU              | New Mexico Municipal Energy Acquisition Authority                                | CUSIP: 647207BL2<br>LEI: 549300KZGG2YNDKKCE92 | Long             | DBT              | MUN               | US        |   3180000 | PA      | $3392755.36   | 0.63%             | 2054-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MAINE ST HSG AUTH MTGE PURCHAS              | Maine State Housing Authority                                                    | CUSIP: 56052FS63<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |    525000 | PA      | $540992.13    | 0.10%             | 2032-11-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM              | North Carolina Medical Care Commission                                           | CUSIP: 65820YTS5<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1090470.01   | 0.20%             | 2028-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REVENUE               | State of Illinois Sales Tax Revenue                                              | CUSIP: 452227KT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $285831.46    | 0.05%             | 2032-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| S KENDALL FL CDD SPL ASSMNT                 | South Kendall Community Development District                                     | CUSIP: 83854TAU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003174.40   | 0.19%             | 2031-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP               | Sales Tax Securitization Corp                                                    | CUSIP: 79467BCE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056807.40   | 0.20%             | 2035-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F              | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638THY2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    995000 | PA      | $1085035.66   | 0.20%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV              | Colorado Health Facilities Authority                                             | CUSIP: 19648FWA8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    400000 | PA      | $407088.64    | 0.08%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI              | Pennsylvania Turnpike Commission                                                 | CUSIP: 709224RU5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1410905.51   | 0.26%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE              | City of Salt Lake City UT Airport Revenue                                        | CUSIP: 795576FM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1340831.57   | 0.25%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEMPE AZ INDL DEV AUTH REVENUE              | Tempe Industrial Development Authority                                           | CUSIP: 87972MCC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004116.90   | 0.19%             | 2030-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH AL COOPE              | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136JAE9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2210000 | PA      | $2411966.38   | 0.45%             | 2030-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MI ARPT AUTH REVENU              | Wayne County Airport Authority                                                   | CUSIP: 9445142V9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1112712.30   | 0.21%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC ARPT REVENUE                   | City of Charlotte NC Airport Revenue                                             | CUSIP: 161036TX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1114709.36   | 0.21%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSONC              | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | CUSIP: 592041ZV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1104841.80   | 0.21%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA              | Main Street Natural Gas Inc                                                      | CUSIP: 56035DJJ2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2155334.20   | 0.40%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE TN ARPT AUTH ARP              | Metropolitan Nashville Airport Authority/The                                     | CUSIP: 592190PB2<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1587048.30   | 0.29%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH HLTH SYS R              | Indiana Finance Authority                                                        | CUSIP: 45470YGD7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1344736.50   | 0.25%             | 2064-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP MF MTG              | Florida Housing Finance Corp                                                     | CUSIP: 34074HHD7<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1266416.00   | 0.24%             | 2042-11-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH T              | Lower Colorado River Authority                                                   | CUSIP: 54811BQS3<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    360000 | PA      | $362253.89    | 0.07%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                                         | CUSIP: 04052BHX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $686645.75    | 0.13%             | 2029-07-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F              | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638THX4<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    950000 | PA      | $1024476.11   | 0.19%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GALVESTON CNTY TX MUNI UTILITY              | Galveston County Municipal Utility District No 54                                | CUSIP: 36422REA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $539579.10    | 0.10%             | 2027-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING               | Pennsylvania Economic Development Financing Authority                            | CUSIP: 708692BF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2060000 | PA      | $2089169.39   | 0.39%             | 2041-07-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| WAUCONDA IL SPL SVC AREA #1 SP              | Wauconda Special Service Area No 1                                               | CUSIP: 942816AN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000888.50   | 0.19%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BABCOCK RANCH CMNTY INDEP SPL               | Babcock Ranch Community Independent Special District                             | CUSIP: 05616KBK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $129573.85    | 0.02%             | 2026-05-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| SAINT JOHN THE BAPTIST PARISH               | Parish of St John the Baptist LA                                                 | CUSIP: 79020FBB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4049231.60   | 0.75%             | 2037-06-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| CANADIAN CNTY OK EDUCTNL FACS               | Canadian County Educational Facilities Authority                                 | CUSIP: 135521CY6<br>LEI: 549300HPRFS0Z66VHS30 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1555928.70   | 0.29%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A              | California Community Choice Financing Authority                                  | CUSIP: 13013JHH2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2194563.60   | 0.41%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV              | Colorado Health Facilities Authority                                             | CUSIP: 19648FKH6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1115596.59   | 0.21%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND OR ARPT REVEN              | Port of Portland OR Airport Revenue                                              | CUSIP: 735240P23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $268355.96    | 0.05%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH              | Kentucky Public Energy Authority                                                 | CUSIP: 74440DET7<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1105500.71   | 0.21%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC              | Health & Educational Facilities Authority of the State of Missouri               | CUSIP: 60635H3J6<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    760000 | PA      | $769997.72    | 0.14%             | 2028-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VERANDA CDD II FL SPL ASSMNT R              | Veranda Community Development District II                                        | CUSIP: 92338HAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $587857.29    | 0.11%             | 2031-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH REVENUE                | New Hampshire Business Finance Authority                                         | CUSIP: 63607YCK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1211420.10   | 0.23%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BERKELEY CNTY SC ASSMNT REVENU              | County of Berkeley SC                                                            | CUSIP: 084220AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250391.90    | 0.05%             | 2030-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REGL ARPT AU              | San Diego County Regional Airport Authority                                      | CUSIP: 79739GSN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2235750.20   | 0.42%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REVENUE               | State of Illinois Sales Tax Revenue                                              | CUSIP: 452227RC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502488.35    | 0.09%             | 2027-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET ENERGY INC ENERGY               | Main Street Energy Inc                                                           | CUSIP: 560354AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3996011.84   | 0.74%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH PARKWAY MUNI MGMT DIST #              | North Parkway Municipal Management District No 1                                 | CUSIP: 66144PAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99639.70     | 0.02%             | 2026-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LEHIGH CNTY PA INDL DEV AUTH                | Lehigh County Industrial Development Authority                                   | CUSIP: 524808BY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2476890.22   | 0.46%             | 2029-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GEORGIA                   | Municipal Electric Authority of Georgia                                          | CUSIP: 626207Y99<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    500000 | PA      | $517312.70    | 0.10%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE                 | Indiana Finance Authority                                                        | CUSIP: 45506EPE7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003614.00   | 0.19%             | 2032-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH              | Kentucky Public Energy Authority                                                 | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064425.80   | 0.20%             | 2055-06-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| KINGS PARK NY CENTRL SCH DIST               | Kings Park Central School District                                               | CUSIP: 496098GJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $285024.00    | 0.05%             | 2031-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL               | Black Belt Energy Gas District                                                   | CUSIP: 09182TGX9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    550000 | PA      | $588938.90    | 0.11%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIRADA II CMNTY DEV DIST FL CA              | Mirada II Community Development District                                         | CUSIP: 60463WAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $272749.62    | 0.05%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST                               | State of New Jersey                                                              | CUSIP: 646039ZA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1942661.60   | 0.36%             | 2029-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA REDEV & HSG AU              | Fairfax County Redevelopment & Housing Authority                                 | CUSIP: 303833LG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2576221.25   | 0.48%             | 2045-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE-MECKLENBURG NC HOSP               | Charlotte-Mecklenburg Hospital Authority/The                                     | CUSIP: 160853VT1<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |    400000 | PA      | $405486.92    | 0.08%             | 2048-01-15      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| SUMMER WOODS CDD FL SPL ASSMNT              | Summer Woods Community Development District                                      | CUSIP: 865657AG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $455916.18    | 0.08%             | 2031-05-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY & CNTY D              | City & County of San Francisco CA Special Tax District No 2020-1                 | CUSIP: 79771HAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $80459.83     | 0.01%             | 2026-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG DEV AUTH MF HS              | Illinois Housing Development Authority                                           | CUSIP: 45203LEL3<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.37%             | 2027-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN              | New Hampshire Business Finance Authority                                         | CUSIP: 63608TAX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $684462.40    | 0.13%             | 2031-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                | Ohio Air Quality Development Authority                                           | CUSIP: 677525WU7<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    765000 | PA      | $777914.58    | 0.14%             | 2030-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| ROCK ISLAND CNTY IL SCH DIST #              | Rock Island County School District No 41 Rock Island/Milan                       | CUSIP: 772436EP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1127566.70   | 0.21%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL               | Black Belt Energy Gas District                                                   | CUSIP: 09182TAM9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1046429.61   | 0.19%             | 2052-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC              | Health & Educational Facilities Authority of the State of Missouri               | CUSIP: 60635HZ44<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    650000 | PA      | $650873.54    | 0.12%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK CREEK FL CDD SPL ASSMNT               | Black Creek Community Development District                                       | CUSIP: 09186FAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $106613.89    | 0.02%             | 2027-06-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE TN ARPT AUTH ARP              | Metropolitan Nashville Airport Authority/The                                     | CUSIP: 592190QG0<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    450000 | PA      | $464462.24    | 0.09%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO INDL DEV AUTH A              | Kansas City Industrial Development Authority                                     | CUSIP: 48504NBV0<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1080138.40   | 0.20%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A              | City of Los Angeles Department of Airports                                       | CUSIP: 544445JB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $785910.85    | 0.15%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BERRY BAY CDD FL SPL ASSMNT RE              | Berry Bay Community Development District                                         | CUSIP: 08577CAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $159556.85    | 0.03%             | 2026-05-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| HYDE PARK CDD #1 FL SPL ASSMNT              | Hyde Park Community Development District No 1                                    | CUSIP: 448642AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $300319.03    | 0.06%             | 2031-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BARTOW CNTY GA DEV AUTH                     | Bartow County Development Authority                                              | CUSIP: 069643BN3<br>LEI: 5493006KLI0V8YELKW50 | Long             | DBT              | MUN               | US        |    250000 | PA      | $254985.15    | 0.05%             | 2032-12-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| HENRICO CNTY VA ECON DEV AUTH               | Henrico County Economic Development Authority                                    | CUSIP: 42605QFZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $612974.34    | 0.11%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE              | New Jersey Economic Development Authority                                        | CUSIP: 64577B6K5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2034720.60   | 0.38%             | 2026-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEVADA DEPT OF BUSINESS & INDU              | State of Nevada Department of Business & Industry                                | CUSIP: 641454AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $355210.73    | 0.07%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTPOINTE SPL IMPT DIST TX                 | Westpointe Special Improvement District                                          | CUSIP: 96124RBM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $374863.53    | 0.07%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV              | Colorado Health Facilities Authority                                             | CUSIP: 19648FBT0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025959.70   | 0.19%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL               | Black Belt Energy Gas District                                                   | CUSIP: 09182NCB4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3385000 | PA      | $3428538.21   | 0.64%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C              | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136HAH6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6478363.80   | 1.20%             | 2055-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISA VA INDL DEV AUTH POLL C              | Louisa Industrial Development Authority                                          | CUSIP: 546068AX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015728.10   | 0.19%             | 2035-11-01      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MI ARPT AUTH REVENU              | Wayne County Airport Authority                                                   | CUSIP: 944514E61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $994664.39    | 0.18%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WHITING IN ENVRNMNTL FACS REVE              | City of Whiting IN                                                               | CUSIP: 96634RAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $3073165.06   | 0.57%             | 2044-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN LUIS OBISPO CA CMNTY FACS               | City of San Luis Obispo CA Community Facilities District No 2019-1               | CUSIP: 798601AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100643.84    | 0.02%             | 2026-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL               | Black Belt Energy Gas District                                                   | CUSIP: 09182TAF4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    490000 | PA      | $495411.12    | 0.09%             | 2052-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| DENTON CNTY TX SPL ASSMNT REVE              | County of Denton TX                                                              | CUSIP: 24880GAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $709561.44    | 0.13%             | 2030-12-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BERRY BAY CDD FL SPL ASSMNT RE              | Berry Bay Community Development District                                         | CUSIP: 08577CAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $621391.58    | 0.12%             | 2031-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA HOSP DEV AUT              | Allegheny County Hospital Development Authority                                  | CUSIP: 01728A3V6<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3117308.10   | 0.58%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SELMA AL INDL DEV BRD REVENUE               | Selma Industrial Development Board                                               | CUSIP: 81647PAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2031956.80   | 0.38%             | 2033-11-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX HSG TRUST PUBLI              | San Antonio Housing Trust Public Facility Corp                                   | CUSIP: 79626VAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2095923.47   | 0.39%             | 2029-07-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| BUCKHEAD TRAILS II CDD FL SPL               | Buckhead Trails II Community Development District                                | CUSIP: 11837KAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300173.52    | 0.06%             | 2033-05-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SALEM OR HOSP FAC AUTH REVENUE              | Salem Hospital Facility Authority                                                | CUSIP: 794458GE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $265193.92    | 0.05%             | 2029-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX UTILITY SYS REVENUE              | City of Houston TX Combined Utility System Revenue                               | CUSIP: 44244CGP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2215000 | PA      | $2233829.72   | 0.42%             | 2031-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE              | City of Salt Lake City UT Airport Revenue                                        | CUSIP: 795576GZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050624.80   | 0.20%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                  | City of Detroit MI                                                               | CUSIP: 2510933E8<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    220000 | PA      | $220697.80    | 0.04%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL               | Black Belt Energy Gas District                                                   | CUSIP: 09182TGS0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3240000 | PA      | $3491491.07   | 0.65%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALTLEAF CDD FL CAPITAL IMPT R              | Saltleaf Community Development District                                          | CUSIP: 79575MAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $461394.45    | 0.09%             | 2031-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RAILSPLITTER IL TOBACCO SETTLE              | Railsplitter Tobacco Settlement Authority                                        | CUSIP: 75076PAZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $716299.12    | 0.13%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST ENERGY ACQUISITIO              | Tennessee Energy Acquisition Corp                                                | CUSIP: 880443BS4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |    140000 | PA      | $141504.27    | 0.03%             | 2026-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST INTERLOCAL SCH TRA              | Kentucky Interlocal School Transportation Association                            | CUSIP: 491325NV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1106841.72   | 0.21%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                             | Commonwealth of Pennsylvania                                                     | CUSIP: 70914PB76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $411863.86    | 0.08%             | 2027-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE              | South Carolina Jobs-Economic Development Authority                               | CUSIP: 837033LC1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2269905.30   | 0.42%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TIMBER CREEK SOUTHWEST CDD FL               | Timber Creek Southwest Community Development District                            | CUSIP: 88707RAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $108930.91    | 0.02%             | 2026-12-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY PROJ NE G              | Central Plains Energy Project                                                    | CUSIP: 154872AY1<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1612113.15   | 0.30%             | 2055-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV SPL IMPT DIST #80              | City of Las Vegas NV Special Improvement District Nos 808 & 810                  | CUSIP: 51778DBG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $235192.32    | 0.04%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FONTANA CA SPL TAX                          | City of Fontana CA                                                               | CUSIP: 344630M47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $285464.30    | 0.05%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA GAS WKS REVENU              | Philadelphia Gas Works Co                                                        | CUSIP: 7178238L5<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |    830000 | PA      | $843552.99    | 0.16%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R              | Massachusetts Development Finance Agency                                         | CUSIP: 57584XHU8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    580000 | PA      | $586015.35    | 0.11%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHINGLE CREEK AT BRONSON CDD F              | Shingle Creek at Bronson Community Development District                          | CUSIP: 82459NAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $154447.97    | 0.03%             | 2026-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC              | Health & Educational Facilities Authority of the State of Missouri               | CUSIP: 60637AKX9<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002000.00   | 0.19%             | 2033-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                                         | CUSIP: 04052BHC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $743553.92    | 0.14%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA              | Chicago O'Hare International Airport                                             | CUSIP: 167593E57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $529373.73    | 0.10%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV SPL IMPT DIST #81              | City of Las Vegas NV Special Improvement District No 819                         | CUSIP: 51779EAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101631.77    | 0.02%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SEAPORT REV              | County of Miami-Dade Seaport Department                                          | CUSIP: 59335KEM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2175795.40   | 0.40%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TERN BAY CDD FL SPL ASSMNT                  | Tern Bay Community Development District                                          | CUSIP: 88088EAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1611605.82   | 0.30%             | 2032-06-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| RALEIGH DURHAM NC ARPT AUTH AR              | Raleigh Durham Airport Authority                                                 | CUSIP: 751073LJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1611444.37   | 0.30%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SCH BRD COP              | School Board of Miami-Dade County/The                                            | CUSIP: 59333MV69<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   2035000 | PA      | $2039091.77   | 0.38%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA              | Main Street Natural Gas Inc                                                      | CUSIP: 56035DDX7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    510000 | PA      | $521374.68    | 0.10%             | 2052-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL EDU FA              | Harris County Cultural Education Facilities Finance Corp                         | CUSIP: 414009RN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $768814.06    | 0.14%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RALEIGH DURHAM NC ARPT AUTH AR              | Raleigh Durham Airport Authority                                                 | CUSIP: 751073LH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1531719.00   | 0.28%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOONE CNTY KY POLL CONTROL REV              | County of Boone KY                                                               | CUSIP: 098792AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009501.30   | 0.19%             | 2027-08-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| WESTPOINTE SPL IMPT DIST TX                 | Westpointe Special Improvement District                                          | CUSIP: 96124RBN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $395507.67    | 0.07%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP               | New York City Housing Development Corp                                           | CUSIP: 64972E3D9<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   2260000 | PA      | $2260686.81   | 0.42%             | 2062-11-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| CMNTY DEV ADMIN MD MF DEV REVE              | Maryland Community Development Administration                                    | CUSIP: 20364NCK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3047294.70   | 0.57%             | 2029-01-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE                  | Port of Seattle WA                                                               | CUSIP: 735389B56<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028379.90   | 0.19%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP MF MTG              | Florida Housing Finance Corp                                                     | CUSIP: 34074HHE5<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2012254.00   | 0.37%             | 2058-07-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL INDL DEV AUTH HOSP              | Lee County Industrial Development Authority/FL                                   | CUSIP: 52350LAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $253160.28    | 0.05%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TEXAS HGR EDU AUTH INC EDU L              | North Texas Higher Education Authority Inc                                       | CUSIP: 66286UAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $637007.82    | 0.12%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                                         | CUSIP: 04052BAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50232.21     | 0.01%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAYS CNTY TX                                | County of Hays TX                                                                | CUSIP: 421020ZC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002495.00   | 0.37%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                | Ohio Air Quality Development Authority                                           | CUSIP: 677525WV5<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   4765000 | PA      | $4842113.90   | 0.90%             | 2039-11-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                 | City of Houston TX Airport System Revenue                                        | CUSIP: 442349GC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1893715.23   | 0.35%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL               | Connecticut State Health & Educational Facilities Authority                      | CUSIP: 20775DET5<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    215000 | PA      | $234337.34    | 0.04%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TULSA CNTY OK INDL AUTH EDUCTN              | Tulsa County Industrial Authority                                                | CUSIP: 89952PHG3<br>LEI: 549300WEYXBXLGN1E271 | Long             | DBT              | MUN               | US        |    375000 | PA      | $411180.83    | 0.08%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PADUCAH KY ELEC PLANT BRD REVE              | Paducah Electric Plant Board                                                     | CUSIP: 695317DS3<br>LEI: 549300XTPDPORT8VIQ62 | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1212211.94   | 0.23%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN               | New Hope Cultural Education Facilities Finance Corp                              | CUSIP: 64542UHV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1203683.42   | 0.22%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND CNTY TX MUNI UTILITY              | Fort Bend County Municipal Utility District No 184                               | CUSIP: 34682XDX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $290575.71    | 0.05%             | 2027-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP SOL WS              | Florida Development Finance Corp                                                 | CUSIP: 34061XAH5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    750000 | PA      | $752405.55    | 0.14%             | 2050-09-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP               | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KBM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $343087.37    | 0.06%             | 2028-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ENERGY FIN DEV CORP                | New York Energy Finance Development Corp                                         | CUSIP: 64947PAA4<br>LEI: 254900PRGXZMJ912RI65 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1786775.10   | 0.33%             | 2056-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL EDUCTNL FAC              | Miami-Dade County Educational Facilities Authority                               | CUSIP: 59333ANL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1719072.30   | 0.32%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HSG FIN CORP MF H              | Arlington Housing Finance Corp                                                   | CUSIP: 041818AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501392.15    | 0.09%             | 2041-04-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR              | California School Finance Authority                                              | CUSIP: 13058TPY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $236640.63    | 0.04%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL               | Connecticut State Health & Educational Facilities Authority                      | CUSIP: 20774YJ99<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    135000 | PA      | $134796.58    | 0.03%             | 2042-07-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| ROSEVILLE CA SPL TAX                        | City of Roseville CA                                                             | CUSIP: 777870P75<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |     85000 | PA      | $85488.57     | 0.02%             | 2026-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HIDDEN CREEK NORTH CMNTY DEV                | Hidden Creek North Community Development District                                | CUSIP: 42951HAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $729930.02    | 0.14%             | 2030-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PRINCETON TX SPL ASSMNT REVENU              | City of Princeton TX                                                             | CUSIP: 742400CL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $255094.33    | 0.05%             | 2031-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VILLAMAR CDD FL SPL ASSMNT                  | Villamar Community Development District                                          | CUSIP: 92715KAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $186842.54    | 0.03%             | 2029-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                                         | CUSIP: 04052BPD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $230204.88    | 0.04%             | 2026-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV              | City & County of Denver CO Airport System Revenue                                | CUSIP: 249182LR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047901.00   | 0.19%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH HLTH FAC R              | Indiana Finance Authority                                                        | CUSIP: 45471CCD8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    730000 | PA      | $775200.87    | 0.14%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHELL POINT CMNTY DEV DIST FL               | Shell Point Community Development District                                       | CUSIP: 822666AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $617943.55    | 0.11%             | 2029-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PEFA INC IA GAS PROJ REVENUE                | PEFA Inc                                                                         | CUSIP: 70556CAB0<br>LEI: 549300RSE249DJNRHY07 | Long             | DBT              | MUN               | US        |   2395000 | PA      | $2423518.22   | 0.45%             | 2049-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE              | Port Authority of New York & New Jersey                                          | CUSIP: 73358W3B8<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    560000 | PA      | $599398.46    | 0.11%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HLTH & EDUCTNL              | South Dakota Health & Educational Facilities Authority                           | CUSIP: 83755VX82<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1112417.31   | 0.21%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R              | Central Texas Regional Mobility Authority                                        | CUSIP: 155498LY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1138730.40   | 0.21%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A              | California Community Choice Financing Authority                                  | CUSIP: 13013JCB0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057936.40   | 0.20%             | 2053-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C              | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136HCS0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    750000 | PA      | $804703.13    | 0.15%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI POLL CONTRO              | Public Finance Authority                                                         | CUSIP: 74447HAB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4210000 | PA      | $4222587.06   | 0.78%             | 2046-10-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| FORT BEND TX INDEP SCH DIST                 | Fort Bend Independent School District                                            | CUSIP: 346843RD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $852363.96    | 0.16%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH SEWAGE              | Great Lakes Water Authority Sewage Disposal System Revenue                       | CUSIP: 39081HAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505185.65    | 0.09%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH CNTY UT HOSP REVENUE                   | County of Utah UT                                                                | CUSIP: 917393CY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.37%             | 2058-05-15      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA              | Main Street Natural Gas Inc                                                      | CUSIP: 56035DEA6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    800000 | PA      | $805232.72    | 0.15%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM PWR AUTH REVENUE                       | Guam Power Authority                                                             | CUSIP: 400653JE2<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |    360000 | PA      | $369739.84    | 0.07%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EDGEWATER EAST CDD FL SPL ASSM              | Edgewater East Community Development District                                    | CUSIP: 280286AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $109697.13    | 0.02%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                                         | CUSIP: 04052BPJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $433157.19    | 0.08%             | 2031-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH              | Kentucky Public Energy Authority                                                 | CUSIP: 74440DCM4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    325000 | PA      | $330140.59    | 0.06%             | 2050-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN              | Virginia Small Business Financing Authority                                      | CUSIP: 928104PP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055582.50   | 0.20%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM              | North Carolina Medical Care Commission                                           | CUSIP: 65820YTA4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1050632.10   | 0.20%             | 2028-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE              | New Jersey Economic Development Authority                                        | CUSIP: 64577XDL7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    580000 | PA      | $591887.04    | 0.11%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST ECON DEV AUTH REVE              | Delaware State Economic Development Authority                                    | CUSIP: 246387SX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2430508.18   | 0.45%             | 2031-01-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECON DEV CORP SOL W              | Mission Economic Development Corp                                                | CUSIP: 605155BR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000228.80   | 0.19%             | 2046-05-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ENVRNMNTL               | Indiana Finance Authority                                                        | CUSIP: 455059AK1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1853750.80   | 0.34%             | 2029-08-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| TULSA CNTY OK INDL AUTH EDUCTN              | Tulsa County Industrial Authority                                                | CUSIP: 89952PHH1<br>LEI: 549300WEYXBXLGN1E271 | Long             | DBT              | MUN               | US        |    835000 | PA      | $928872.87    | 0.17%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MUNI ENERGY AGY OF NEBRASKA                 | Municipal Energy Agency of Nebraska                                              | CUSIP: 625914JT4<br>LEI: N31S7V1JSNSIMBEEGT03 | Long             | DBT              | MUN               | US        |    400000 | PA      | $407331.12    | 0.08%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN               | New Hope Cultural Education Facilities Finance Corp                              | CUSIP: 64542UHS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $669087.04    | 0.12%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP               | New York City Housing Development Corp                                           | CUSIP: 64972KKJ3<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2052393.00   | 0.38%             | 2064-11-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH AL COMMO              | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136FAS6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2095000 | PA      | $2154238.64   | 0.40%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON               | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | CUSIP: 592113CS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015270.00   | 0.19%             | 2046-10-01      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| MATAGORDA CNTY TX NAV DIST #1               | Matagorda County Navigation District No 1                                        | CUSIP: 576528DV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048352.10   | 0.19%             | 2030-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VIRGINIA BEACH VA DEV AUTH RSD              | Virginia Beach Development Authority                                             | CUSIP: 92774NBF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1568018.91   | 0.29%             | 2029-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-25

**Name of Applicant:** First Trust Exchange-Traded Fund III

**Signature:** Derek Maltbie

**Name of Signer:** Derek Maltbie

**Title:** Treasurer, Chief Financial Officer and Chief Accounting Officer