# EDGAR Filing Document

**Accession Number:** 0000764624
**File Stem:** 0001752724-23-014313
**Filing Date:** 2023-1
**Character Count:** 164675
**Document Hash:** 9c51081679ed222e95a7464d4cf510c4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-014313.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001752724-23-014313

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LEGG MASON PARTNERS INCOME TRUST
- **CENTRAL INDEX KEY:** 0000764624
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04254
- **FILM NUMBER:** 23556108

**BUSINESS ADDRESS:**
- **STREET 1:** LEGG MASON & CO., LLC
- **STREET 2:** 620 EIGHTH AVENUE, 49TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
- **BUSINESS PHONE:** 1-877-721-1926

**MAIL ADDRESS:**
- **STREET 1:** LEGG MASON & CO., LLC
- **STREET 2:** 620 EIGHTH AVENUE, 49TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LEGG MASON PARTNERS INCOME FUNDS
- **DATE OF NAME CHANGE:** 20060407

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SMITH BARNEY INCOME FUNDS
- **DATE OF NAME CHANGE:** 19941228

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SMITH BARNEY SHEARSON INCOME FUNDS
- **DATE OF NAME CHANGE:** 19931015

## Series and Classes Contracts Data

### Western Asset Short Duration Municipal Income Fund (Series ID: S000016249)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000044916 | Class A      | SHDAX           |
| C000044917 | Class C      | SHDLX           |
| C000044918 | Class I      | SMDYX           |
| C000183975 | Class IS     | SHDSX           |
| C000222209 | Class C2     | CIABX           |

## Nport-Ex

**WESTERN ASSET SHORT DURATION MUNICIPAL INCOME FUND** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited)** | **November 30, 2022** |

---

(Percentages shown based on Fund net assets)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **SECURITY** | **RATE** | **MATURITY<br>DATE** | **FACE<br>AMOUNT** | **VALUE** |  |
| **MUNICIPAL BONDS - 98.0%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Alabama - 1.0%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southeast Alabama Gas Supply District, Gas Supply Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Project #1, Series C (SIFMA Municipal Swap Index Yield + 0.650%) | 2.550% | 4/1/24 | $5000000 | $4931344 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Project #2, Series B (1 mo. USD LIBOR x 0.670 + 0.850%) | 3.374% | 6/1/24 | 1000000 | 982583 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Alabama* |  |  |  | *5913927* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Alaska - 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alaska State, International Airports System Revenue, Series C, Refunding | 5.000% | 10/1/25 | 1975000 | 2060085 | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northern Tobacco Securitization Corp., AK, Tobacco Settlement Revenue, Asset Backed Senior Bonds, Class 1, Series A, Refunding | 5.000% | 6/1/25 | 700000 | 723718 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Alaska* |  |  |  | *2783803* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Arizona - 3.7%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chandler, AZ, IDA Revenue, Intel Corp. Project | 5.000% | 6/3/24 | 13990000 | 14196523 | <sup>(a)(b)(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Glendale, AZ, Transportation Excise Tax Revenue, Refunding, AGM | 5.000% | 7/1/28 | 5180000 | 5470565 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maricopa County, AZ, Pollution Control Corp. Revenue, Public Service Company of New Mexico Palo Verde Project, Series A, Refunding | 0.875% | 10/1/26 | 2000000 | 1767001 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Arizona* |  |  |  | *21434089* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **California - 2.0%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Anaheim, CA, Public Financing Authority Revenue, Series C, AGM | 0.000% | 9/1/23 | 1850000 | 1809916 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bay Area Toll Authority, CA, Toll Bridge Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; San Francisco Bay Area, Series B, Refunding (SIFMA Municipal Swap Index Yield + 0.280%) | 2.180% | 4/1/24 | 2000000 | 2001829 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; San Francisco Bay Area, Series B-1 (SIFMA Municipal Swap Index Yield + 1.100%) | 3.000% | 4/1/24 | 1725000 | 1738128 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State Infrastructure & Economic Development Bank Revenue, Los Angeles County Museum of Art, Series B, Refunding (SIFMA Municipal Swap Index Yield + 0.700%) | 2.600% | 6/1/26 | 1500000 | 1445997 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State MFA Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Waste Management Inc. Project, Series A | 0.700% | 12/1/23 | 2500000 | 2420837 | <sup>(a)(b)(c)</sup> |

---

**See Notes to Schedule of Investments.** 

Western Asset Short Duration Municipal Income Fund 2022 Quarterly Report 1

------

**WESTERN ASSET SHORT DURATION MUNICIPAL INCOME FUND** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **November 30, 2022** |

---

(Percentages shown based on Fund net assets)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **SECURITY** | **RATE** | **MATURITY<br>DATE** | **FACE<br>AMOUNT** | **VALUE** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **California - (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Waste Management Inc. Project, Series A | 1.300% | 2/3/25 | $1600000 | $1502819 | <sup>(a)(b)(d)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State Public Finance Authority, Senior Living Revenue, Enso Village Project, Green Bond, Series B-3, Refunding | 2.125% | 11/15/27 | 1000000 | 929740 | <sup>(d)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total California* |  |  |  | *11849266* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Colorado - 1.5%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City & County of Denver, CO, Airport System Revenue, Series A | 5.000% | 11/15/26 | 2370000 | 2513368 | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado State Health Facilities Authority Revenue, Commonspirit Health Initiatives, Series B-2 | 5.000% | 8/1/26 | 4025000 | 4192076 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; University of Colorado Revenue, Green Bond, Series C, Refunding | 2.000% | 10/15/24 | 2060000 | 2016433 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Colorado* |  |  |  | *8721877* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Connecticut - 5.6%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut State Housing Finance Authority Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Mortgage Finance Program, Series A-3 | 0.600% | 11/15/26 | 850000 | 766993 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Mortgage Finance Program, SIFMA Index, Series A-4 (SIFMA Municipal Swap Index Yield + 0.300%) | 2.200% | 11/15/24 | 3500000 | 3483827 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut State, GO: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A | 5.000% | 1/15/27 | 180000 | 195850 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A | 5.000% | 4/15/29 | 4275000 | 4658530 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series E | 5.000% | 8/1/28 | 5085000 | 5379072 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series E | 5.000% | 10/15/28 | 5000000 | 5408929 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SIFMA Index, Series A (SIFMA Municipal Swap Index Yield + 0.950%) | 2.850% | 3/1/24 | 2225000 | 2247866 | <sup>(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut State, Special Tax Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation Infrastructure Purpose, Series A | 5.000% | 9/1/29 | 5270000 | 5691528 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation Infrastructure Purpose, Series B, Refunding | 5.000% | 7/1/26 | 1250000 | 1347855 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation Infrastructure Purpose, Series B, Refunding | 5.000% | 7/1/27 | 1750000 | 1919242 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Haven, CT, GO, Series A, AGM | 5.000% | 8/1/25 | 1200000 | 1262687 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Connecticut* |  |  |  | *32362379* | |

---

**See Notes to Schedule of Investments.** 

2 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Asset Short Duration Municipal Income Fund 2022 Quarterly Report

------

**WESTERN ASSET SHORT DURATION MUNICIPAL INCOME FUND** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **November 30, 2022** |

---

(Percentages shown based on Fund net assets)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **SECURITY** | **RATE** | **MATURITY<br>DATE** | **FACE<br>AMOUNT** | **VALUE** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Delaware - 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware State EDA Revenue, Delmarva Power & Light Co. Project, Series A, Refunding | 1.050% | 7/1/25 | $1000000 | $*945886* | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **District of Columbia - 0.8%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; District of Columbia, GO, Series D | 5.000% | 6/1/32 | 2665000 | 2882749 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington, DC, Airports Authority Aviation Revenue, Series A, Refunding | 5.000% | 10/1/27 | 1500000 | 1602532 | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total District of Columbia* |  |  |  | *4485281* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Florida - 1.3%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Central Florida Expressway Authority Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior Lien, Refunding, AGM | 5.000% | 7/1/26 | 1870000 | 2010431 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior Lien, Series A, Refunding | 5.000% | 7/1/29 | 1500000 | 1602080 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Citizens Property Insurance Corp., Coastal Account Revenue, Senior Secured Bonds, Series A-1 | 5.000% | 6/1/25 | 900000 | 935734 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jacksonville, FL, Revenue, Series 2014, Refunding | 5.000% | 10/1/27 | 1000000 | 1037107 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Miami-Dade County, FL, IDA Revenue, Waste Management Inc. Project, Series B (SIFMA Municipal Swap Index Yield + 0.375%) | 2.275% | 7/1/24 | 1500000 | 1439941 | <sup>(a)(b)(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palm Beach County, FL, Health Facilities Authority Revenue, Toby & Leon Cooperman Sinai Residences of Boca Raton Expansion, Refunding | 4.000% | 6/1/26 | 230000 | 221989 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Florida* |  |  |  | *7247282* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Georgia - 0.7%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atlanta, GA, Airport Passenger Facility Charge, General Revenue, Subordinate Lien, Series A, Refunding | 5.000% | 1/1/26 | 3055000 | 3125452 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Monroe County, GA, Development Authority, PCR, Georgia Power Co. Plant Scherer Project | 2.250% | 7/1/25 | 1150000 | 1092895 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Georgia* |  |  |  | *4218347* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Illinois - 7.1%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chicago, IL, O'Hare International Airport Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General, Senior Lien, Series A, Refunding | 5.000% | 1/1/27 | 3000000 | 3080673 | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General, Senior Lien, Series B, Refunding | 5.000% | 1/1/24 | 1065000 | 1092491 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General, Senior Lien, Series B, Refunding | 5.000% | 1/1/26 | 1520000 | 1616804 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chicago, IL, Park District, GO, Limited Tax, Series B, Refunding | 5.000% | 1/1/25 | 3490000 | 3562066 |  |

---

**See Notes to Schedule of Investments.** 

Western Asset Short Duration Municipal Income Fund 2022 Quarterly Report 3

------

**WESTERN ASSET SHORT DURATION MUNICIPAL INCOME FUND** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **November 30, 2022** |

---

(Percentages shown based on Fund net assets)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **SECURITY** | **RATE** | **MATURITY<br>DATE** | **FACE<br>AMOUNT** | **VALUE** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Illinois - (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cook County, IL, School District No. 87 Berkeley, GO, AGM | 5.000% | 12/1/25 | $500000 | $531067 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State Finance Authority Revenue, Series B-2, Refunding | 5.000% | 11/15/26 | 4500000 | 4749540 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, GO: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A | 5.000% | 12/1/25 | 4000000 | 4129672 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series D | 5.000% | 11/1/24 | 3690000 | 3787798 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series D | 5.000% | 11/1/27 | 3090000 | 3227743 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series of May 2014 | 5.000% | 5/1/25 | 2000000 | 2035504 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series of October 2016, Refunding | 5.000% | 2/1/28 | 1890000 | 1960960 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Pier & Exposition Authority, IL, Revenue, Mccormick Place Expansion Project, Series A, Refunding | 3.000% | 6/15/24 | 2500000 | 2480048 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sales Tax Securitization Corp. Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Second Lien, Series A | 5.000% | 1/1/25 | 2065000 | 2143389 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A | 5.000% | 1/1/25 | 6700000 | 6954339 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Illinois* |  |  |  | *41352094* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Indiana - 4.7%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indiana State Finance Authority: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Environmental Facilities Revenue, Indianapolis Power & Light Company Project, Series B, Refunding | 0.650% | 8/1/25 | 1000000 | 912684 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Environmental Improvement Revenue, United States Steel Corp. Project, Series A, Refunding | 4.125% | 12/1/26 | 1500000 | 1463035 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health System Revenue, Indiana University Health, Series B | 2.250% | 7/1/25 | 1320000 | 1293150 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indianapolis, IN, Local Public Improvement Bond Bank: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indianapolis Airport Authority Project, Revenue, Series 2014D, Refunding | 5.000% | 1/1/26 | 2000000 | 2033273 | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indianapolis Airport Authority Project, Revenue, Series 2019D, Refunding | 5.000% | 1/1/26 | 2895000 | 3027933 | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indianapolis Airport Authority Project, Series 2019D, Refunding | 5.000% | 1/1/29 | 2000000 | 2142671 | <sup>(c)</sup> |

---

**See Notes to Schedule of Investments.** 

4 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Asset Short Duration Municipal Income Fund 2022 Quarterly Report

------

**WESTERN ASSET SHORT DURATION MUNICIPAL INCOME FUND** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **November 30, 2022** |

---

(Percentages shown based on Fund net assets)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **SECURITY** | **RATE** | **MATURITY<br>DATE** | **FACE<br>AMOUNT** | **VALUE** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Indiana - (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Whiting, IN, Environmental Facilities Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BP Products North America Inc. Project, Series A | 5.000% | 3/1/23 | $5000000 | $5011497 | <sup>(a)(b)(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BP Products North America Inc. Project, Series A, Refunding | 5.000% | 6/5/26 | 10935000 | 11231937 | <sup>(a)(b)(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Indiana* |  |  |  | *27116180* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Iowa - 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Iowa State Finance Authority, Solid Waste Facility Revenue, Iowa Renewable Natural Gas Project, Green Bond, LOC - Citibank N.A. | 1.500% | 4/1/24 | 2405000 | 2353012 | <sup>(a)(b)(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Iowa Tobacco Settlement Authority Revenue, Asset Backed Senior Bonds, Class 1, Series A-2, Refunding | 5.000% | 6/1/28 | 500000 | 524707 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Iowa* |  |  |  | *2877719* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Kansas - 1.4%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kansas State Department of Transportation Highway Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B | 5.000% | 9/1/26 | 2575000 | 2734413 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series C-3 (1 mo. USD LIBOR x 0.700 + 0.400%) | 3.037% | 9/1/23 | 3500000 | 3502318 | <sup>(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series C-4 (1 mo. USD LIBOR x 0.700 + 0.500%) | 3.137% | 9/1/24 | 2000000 | 2000193 | <sup>(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Kansas* |  |  |  | *8236924* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Kentucky - 5.8%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ashland, KY: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ashland Hospital Corp., Revenue, Refunding | 5.000% | 2/1/23 | 600000 | 601865 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ashland Hospital Corp., Revenue, Refunding | 5.000% | 2/1/24 | 575000 | 586747 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kentucky State PEA, Gas Supply Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A | 4.000% | 4/1/24 | 1680000 | 1678933 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B | 4.000% | 1/1/25 | 2050000 | 2044667 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series C | 4.000% | 6/1/25 | 15130000 | 15041122 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Louisville/Jefferson County, KY, Metropolitan |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government Health System Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Norton Healthcare Inc., Series A | 5.000% | 10/1/25 | 1550000 | 1626181 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Norton Healthcare Inc., Series C | 5.000% | 10/1/26 | 2000000 | 2098606 | <sup>(a)(b)</sup> |

---

**See Notes to Schedule of Investments.** 

Western Asset Short Duration Municipal Income Fund 2022 Quarterly Report 5

------

**WESTERN ASSET SHORT DURATION MUNICIPAL INCOME FUND** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **November 30, 2022** |

---

(Percentages shown based on Fund net assets)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **SECURITY** | **RATE** | **MATURITY<br>DATE** | **FACE<br>AMOUNT** | **VALUE** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Kentucky - (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mercer County, KY, Kentucky Utilities Co. Project, Revenue, Series A, Refunding | 1.300% | 5/1/23 | $6900000 | $6841115 | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trimble County, KY, Revenue, Pollution Control Bonds, Louisville Gas and Electric Company Project, Series A | 0.625% | 9/1/26 | 3250000 | 2886037 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Kentucky* |  |  |  | *33405273* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Louisiana - 1.9%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Louisiana Local Government Environmental Facilities & Community Development Authority Revenue, East Baton Rouge Sewerage Commission Project, Series B, Refunding | 0.875% | 2/1/25 | 4000000 | 3718342 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Louisiana State Offshore Terminal Authority Revenue, Deep Water Port Bonds, Series C | 1.650% | 12/1/23 | 3150000 | 3103144 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Louisiana State Stadium & Exposition District, Revenue, BAN | 4.000% | 7/3/23 | 1325000 | 1329752 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. John the Baptist Parish, LA, State Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marathon Oil Corp. Project, Series B-1, Refunding | 2.125% | 7/1/24 | 1750000 | 1693444 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marathon Oil Corp. Project, Series B-2, Refunding | 2.375% | 7/1/26 | 1400000 | 1292975 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Louisiana* |  |  |  | *11137657* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Maryland - 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maryland State, GO, State And Local Facilities Loan, Series A | 4.000% | 3/15/30 | 1760000 | *1853099* |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Massachusetts - 1.2%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Massachusetts State Port Authority Revenue, Series C | 5.000% | 7/1/25 | 4105000 | 4290354 | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; University of Massachusetts Building Authority Project Revenue, Senior Series 2025-1, Refunding | 5.000% | 11/1/27 | 2500000 | 2658500 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Massachusetts* |  |  |  | *6948854* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Michigan - 2.9%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hazel School District, MI, GO: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Refunding, Q-SBLF | 4.000% | 5/1/25 | 2620000 | 2692973 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Refunding, Q-SBLF | 4.000% | 5/1/26 | 1405000 | 1459796 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Refunding, Q-SBLF | 4.000% | 5/1/27 | 1460000 | 1527313 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Refunding, Q-SBLF | 4.000% | 5/1/29 | 1580000 | 1671461 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Michigan State Finance Authority Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mclaren Health Care, Series D-1, Refunding | 1.100% | 10/15/27 | 1325000 | 1197585 |  |

---

**See Notes to Schedule of Investments.** 

6 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Asset Short Duration Municipal Income Fund 2022 Quarterly Report

------

**WESTERN ASSET SHORT DURATION MUNICIPAL INCOME FUND** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **November 30, 2022** |

---

(Percentages shown based on Fund net assets)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **SECURITY** | **RATE** | **MATURITY<br>DATE** | **FACE<br>AMOUNT** | **VALUE** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Michigan - (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinity Health Credit Group, Series MI-2, Refunding | 5.000% | 2/1/25 | $1750000 | $1820019 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Michigan State HDA Revenue, Series A | 1.500% | 6/1/29 | 1730000 | 1472585 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Michigan State Strategic Fund Limited Obligation Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumers Energy Company Project, Remarketing | 0.875% | 10/8/26 | 1335000 | 1213917 | <sup>(a)(b)(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Graphic Packaging International, LLC Coated Recycled Machine Project, Green Bonds | 4.000% | 10/1/26 | 2000000 | 1934328 | <sup>(a)(b)(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wayne County, MI, Airport Authority Revenue, Series F, Refunding | 5.000% | 12/1/27 | 1595000 | 1664738 | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Michigan* |  |  |  | *16654715* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Mississippi - 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mississippi State Development Bank Revenue, Jackson Infrastructure Project | 5.000% | 9/1/25 | 590000 | *620595* |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Missouri - 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Missouri State Environmental Improvement & Energy Resources Authority Revenue, Kansas City Power & Light Co. Project | 3.500% | 7/1/25 | 1000000 | 992597 | <sup>(a)(b)(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Missouri State HEFA Revenue, Saint Luke's Health System, Inc. | 5.000% | 11/15/26 | 1015000 | 1078605 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Missouri* |  |  |  | *2071202* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Nebraska - 1.6%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Central Plains, NE, Energy Project, Gas Supply Revenue, Refunding | 4.000% | 8/1/25 | 3115000 | 3127346 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nebraska Public Power District Revenue, Series A | 0.600% | 7/1/23 | 5000000 | 4930779 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Washington County, NE, Wastewater and Solid Waste Disposal Facilities Revenue, Cargill Incorporated Project, Refunding | 0.900% | 9/1/25 | 1200000 | 1133133 | <sup>(a)(b)(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Nebraska* |  |  |  | *9191258* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Nevada - 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clark County, NV, Airport System Revenue, Junior Subordinate Lien Notes, Series B, Refunding | 5.000% | 7/1/24 | 1850000 | 1901129 | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sparks, NV, Tourism Improvement, Senior Sales Tax Anticipation Revenue, Series A, Refunding | 2.500% | 6/15/24 | 530000 | 512641 | <sup>(d)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Nevada* |  |  |  | *2413770* | |

---

**See Notes to Schedule of Investments.** 

Western Asset Short Duration Municipal Income Fund 2022 Quarterly Report 7

------

**WESTERN ASSET SHORT DURATION MUNICIPAL INCOME FUND** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **November 30, 2022** |

---

(Percentages shown based on Fund net assets)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **SECURITY** | **RATE** | **MATURITY<br>DATE** | **FACE<br>AMOUNT** | **VALUE** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **New Jersey - 6.4%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gloucester County, NJ, Improvement Authority Revenue, Rowan University Student Center Projects | 0.600% | 3/1/24 | $2250000 | $2157192 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State EDA Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Motor Vehicle Surcharges Subordinate, Series A, BAM, Refunding | 5.000% | 7/1/27 | 445000 | 474398 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Motor Vehicle Surcharges Subordinate, Series A, BAM, Refunding | 5.000% | 7/1/28 | 5005000 | 5332824 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Natural Gas Facilities Revenue, Series C, Refunding | 2.450% | 4/1/26 | 2250000 | 2196093 | <sup>(a)(b)(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; School Facilities Construction, Refunding, State Appropriations (SIFMA Municipal Swap Index Yield + 1.550%) | 3.450% | 9/1/27 | 1600000 | 1600743 | <sup>(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State Transportation Trust Fund Authority Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federal Highway Reimbursement, Refunding, Series A | 5.000% | 6/15/24 | 2025000 | 2089047 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series AA | 5.000% | 6/15/25 | 2000000 | 2096361 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation System, Series A | 5.750% | 6/15/24 | 35000 | 36477 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State Turnpike Authority Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series C-4, Refunding (1 mo. USD LIBOR x 0.700 + 0.700%) | 3.337% | 1/1/24 | 4000000 | 4017159 | <sup>(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series D-1, Refunding (1 mo. USD LIBOR x 0.700 + 0.700%) | 3.337% | 1/1/24 | 12250000 | 12302549 | <sup>(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State, GO, COVID-19 Emergency Bonds, Series A | 5.000% | 6/1/29 | 2365000 | 2659424 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Orange Township, NJ, GO, AGM, State Aid Withholding, Refunding | 4.000% | 12/1/24 | 925000 | 946604 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trenton, NJ, GO, Series 2020, AGM, State Aid Withholding | 2.000% | 7/15/31 | 1455000 | 1259732 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total New Jersey* |  |  |  | *37168603* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **New Mexico - 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Farmington, NM, PCR, Public Service Co. of New Mexico, Refunding | 1.100% | 6/1/23 | 3000000 | *2964319* | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **New York - 14.7%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long Island, NY, Power Authority Electric System Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LIBOR Floating Rate, Series 2015C, Refunding (1 mo. USD LIBOR x 0.700 + 0.750%) | 3.387% | 10/1/23 | 4000000 | 4000025 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B, Refunding | 1.650% | 9/1/24 | 5500000 | 5311883 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B, Refunding | 0.850% | 9/1/25 | 6400000 | 5830851 | <sup>(a)(b)</sup> |

---

**See Notes to Schedule of Investments.** 

8 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Asset Short Duration Municipal Income Fund 2022 Quarterly Report

------

**WESTERN ASSET SHORT DURATION MUNICIPAL INCOME FUND** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **November 30, 2022** |

---

(Percentages shown based on Fund net assets)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **SECURITY** | **RATE** | **MATURITY<br>DATE** | **FACE<br>AMOUNT** | **VALUE** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **New York - (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B, Refunding | 1.500% | 9/1/26 | $4580000 | $4161750 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B, Refunding | 5.000% | 9/1/27 | 7625000 | 8179456 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series C, Refunding (1 mo. USD LIBOR x 0.700 + 0.750%) | 3.387% | 10/1/23 | 1235000 | 1235008 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City, NY, GO: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Refunding | 5.000% | 8/1/27 | 1485000 | 1568047 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Step bond, Subseries F-4 (5.000% to 12/1/25 then 9.000%) | 5.000% | 12/1/25 | 7625000 | 7974124 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City, NY, HDC, MFH Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Green Bond, Series F-2, FHA | 0.600% | 7/1/25 | 9000000 | 8299827 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Green Bond, Series G, FHA | 0.600% | 11/1/26 | 1075000 | 960008 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City, NY, Municipal Water Finance Authority, Water & Sewer System Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Second General Resolution Fiscal 2015, Series FF, Refunding | 5.000% | 6/15/30 | 2770000 | 2927084 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Second General Resolution Fiscal 2022, Series BB, Subseries BB-2, Refunding | 5.000% | 6/15/27 | 2065000 | 2207229 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City, NY, TFA Revenue Future Tax Secured: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subordinated, Series A, Refunding | 5.000% | 11/1/26 | 135000 | 146867 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subordinated, Subseries B-1 | 5.000% | 8/1/28 | 2915000 | 3012434 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City, NY, Transportation Development Corp. Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Airlines Inc., John F. Kennedy International Airport Project | 2.250% | 8/1/26 | 2440000 | 2281772 | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; John F. Kennedy International Airport Project, Series A, Refunding | 5.000% | 12/1/23 | 350000 | 354905 | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State Thruway Authority Revenue, Series K, Refunding | 5.000% | 1/1/30 | 2715000 | 2824191 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port Authority of New York & New Jersey Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consolidated Series 178 | 5.000% | 12/1/31 | 5000000 | 5076450 | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consolidated Series 184 | 5.000% | 9/1/25 | 1565000 | 1626831 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consolidated Series 195 | 5.000% | 10/1/25 | 3995000 | 4172602 | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consolidated Series 207 | 5.000% | 9/15/25 | 10400000 | 10855654 | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consolidated Series 207 | 5.000% | 9/15/32 | 300000 | 316979 | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consolidated Series 226 | 5.000% | 10/15/25 | 2000000 | 2090035 | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total New York* |  |  |  | *85414012* | |

---

**See Notes to Schedule of Investments.** 

Western Asset Short Duration Municipal Income Fund 2022 Quarterly Report 9

------

**WESTERN ASSET SHORT DURATION MUNICIPAL INCOME FUND** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **November 30, 2022** |

---

(Percentages shown based on Fund net assets)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **SECURITY** | **RATE** | **MATURITY<br>DATE** | **FACE<br>AMOUNT** | **VALUE** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **North Carolina - 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charlotte-Mecklenburg Hospital Authority, NC, Health Care System Revenue, Atrium Health, Series E, Remarketing | 0.800% | 10/31/25 | $2000000 | $1879630 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Carolina State Turnpike Authority Revenue, Senior Lien, Refunding | 5.000% | 1/1/25 | 575000 | 585884 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total North Carolina* |  |  |  | *2465514* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Ohio - 3.9%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Municipal Power Inc., OH, Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Combined Hydroelectric Project, Subseries A-2, Refunding | 1.000% | 8/15/24 | 3130000 | 3000885 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prairie State Energy Campus Project, Series A, Refunding | 5.000% | 2/15/26 | 2125000 | 2179424 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cleveland, OH, Airport System Revenue, Series A, Refunding | 5.000% | 1/1/25 | 1250000 | 1288528 | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hamilton County, OH, Hospital Facilities Revenue, Cincinnati Childern's Hospital Medical Center, Series S, Refunding | 5.000% | 5/15/26 | 2500000 | 2574938 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lancaster, OH, Port Authority, Gas Supply Revenue, Series A, Refunding | 5.000% | 2/1/25 | 6100000 | 6249049 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ohio State Air Quality Development Authority Revenue, American Electric Co. Project, Series D, Refunding | 2.100% | 10/1/24 | 3500000 | 3371604 | <sup>(a)(b)(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ohio State Hospital Revenue, Cleveland Clinic Health System Obligated Group, Series A, Refunding | 5.000% | 1/1/30 | 3325000 | 3658775 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Ohio* |  |  |  | *22323203* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oklahoma - 1.5%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oklahoma State Development Finance Authority Revenue, Gilcrease Expressway West Project, Series A | 1.625% | 7/6/23 | 8880000 | *8726831* | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oregon - 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oregon State Business Development Commission Revenue, Intel Corp. Project, Series 232 | 2.400% | 8/14/23 | 1000000 | *992549* | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Pennsylvania - 4.5%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commonwealth of Pennsylvania: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GO, Refunding | 5.000% | 8/15/25 | 335000 | 355515 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GO, Series 2016 | 5.000% | 9/15/28 | 2465000 | 2665096 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GO, Series D | 3.250% | 8/15/26 | 2180000 | 2197102 |  |

---

**See Notes to Schedule of Investments.** 

10 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Asset Short Duration Municipal Income Fund 2022 Quarterly Report

------

**WESTERN ASSET SHORT DURATION MUNICIPAL INCOME FUND** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **November 30, 2022** |

---

(Percentages shown based on Fund net assets)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **SECURITY** | **RATE** | **MATURITY<br>DATE** | **FACE<br>AMOUNT** | **VALUE** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Pennsylvania - (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General Authority of Southcentral Pennsylvania, Series B (SIFMA Municipal Swap Index Yield + 0.600%) | 2.500% | 6/1/24 | $1500000 | $1494712 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pennsylvania State Economic Development Financing Authority: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pollution Control Revenue, PPL Electric Utilities Corp. Project, Refunding | 0.400% | 10/1/23 | 2500000 | 2427846 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sewage Sludge Disposal Revenue, Philadelphia Biosolids Facility Project | 3.000% | 1/1/24 | 865000 | 864342 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sewage Sludge Disposal Revenue, Philadelphia Biosolids Facility Project | 4.000% | 1/1/26 | 1220000 | 1231740 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Solid Waste Disposal Revenue, Waste Management Inc. Project | 2.150% | 7/1/24 | 1450000 | 1401328 | <sup>(a)(b)(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Solid Waste Disposal Revenue, Waste Management Inc. Project, Series A (SIFMA Municipal Swap Index Yield + 0.400%) | 2.300% | 6/3/24 | 1500000 | 1443853 | <sup>(a)(b)(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Solid Waste Disposal Revenue, Waste Management Inc. Project, Series A | 1.750% | 8/1/24 | 3250000 | 3114700 | <sup>(a)(b)(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pennsylvania State Higher EFA Revenue, University of Pennsylvania Health System: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B, Refunding | 5.000% | 8/15/25 | 900000 | 954390 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B, Refunding | 5.000% | 8/15/26 | 1000000 | 1079205 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pennsylvania State Turnpike Commission Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019, Refunding | 5.000% | 12/1/24 | 1640000 | 1714866 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Refunding | 4.000% | 12/1/26 | 635000 | 658413 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A-1, Refunding (SIFMA Municipal Swap Index Yield + 0.600%) | 2.500% | 12/1/23 | 2000000 | 2000032 | <sup>(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series C, Refunding | 5.000% | 12/1/26 | 1300000 | 1407242 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Philadelphia, PA, Pennsylvania Airport Revenue, Refunding | 5.000% | 7/1/24 | 1000000 | 1026236 | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Pennsylvania* |  |  |  | *26036618* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **South Carolina - 2.9%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Patriots Energy Group Financing Agency Gas Supply Revenue, Series A, LIQ - Royal Bank of Canada | 4.000% | 2/1/24 | 13580000 | 13630678 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Richland County, SC, Environmental Improvement Revenue, International Paper Co. Project, Series A, Refunding | 3.875% | 4/1/23 | 3000000 | 3000482 | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total South Carolina* |  |  |  | *16631160* | |

---

**See Notes to Schedule of Investments.** 

Western Asset Short Duration Municipal Income Fund 2022 Quarterly Report 11

------

**WESTERN ASSET SHORT DURATION MUNICIPAL INCOME FUND** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **November 30, 2022** |

---

(Percentages shown based on Fund net assets)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **SECURITY** | **RATE** | **MATURITY<br>DATE** | **FACE<br>AMOUNT** | **VALUE** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Tennessee - 2.8%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tennessee State Energy Acquisition Corp., Gas Revenue, Project, Series A | 4.000% | 5/1/23 | $6835000 | $6845356 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tennessee State Energy Acquisition Corp., Natural Gas Revenue, Series 2018 | 4.000% | 11/1/25 | 9445000 | 9403556 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Tennessee* |  |  |  | *16248912* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Texas - 10.0%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corpus Christi, TX, Utility System Revenue, Junior Lien Improvement Bonds, Series A | 5.000% | 7/15/27 | 1500000 | 1582398 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cypress-Fairbanks, TX, ISD, GO, Series B-1, PSF - GTD | 0.280% | 8/15/24 | 6420000 | 6143885 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DeSoto, TX, ISD, GO, Refunding, PSF - GTD | 0.000% | 8/15/26 | 580000 | 516144 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; El Paso, TX, ISD, GO | 2.000% | 8/1/23 | 1250000 | 1227326 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fort Bend, TX, ISD: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GO, Series B, Refunding, PSF - GTD | 0.875% | 8/1/25 | 1175000 | 1090807 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GO, Series B, Refunding, PSF - GTD | 0.720% | 8/1/26 | 855000 | 766697 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goose Creek, TX, Consolidated ISD, GO, Series B, PSF - GTD | 0.600% | 8/17/26 | 1040000 | 949737 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grapevine-Colleyville, TX, ISD, GO, PSF - GTD | 5.000% | 8/15/28 | 2000000 | 2116037 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harris County, TX, Cultural Education Facilities Finance Corp. Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hospital, Memorial Hermann Health System, Refunding | 5.000% | 12/1/25 | 3045000 | 3220707 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hospital, Memorial Hermann Health System, Series A | 5.000% | 12/1/27 | 2555000 | 2650230 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lower Colorado River, TX, Authority Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B, Refunding | 5.000% | 5/15/24 | 1415000 | 1460098 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series D, Refunding | 5.000% | 5/15/29 | 2150000 | 2252251 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Matagorda County, TX, Navigation District No. 1, PCR, Central Power & Light, Refunding | 0.900% | 9/1/23 | 1750000 | 1718311 | <sup>(a)(b)(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Texas, TX, Tollway Authority Revenue, Series A, Refunding | 5.000% | 1/1/30 | 1185000 | 1233830 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northside, TX, ISD, GO, Refunding, PSF - GTD | 1.600% | 8/1/24 | 3030000 | 2936504 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pasadena, TX, ISD, GO, Series B, PSF - GTD | 1.500% | 8/15/24 | 5275000 | 5165426 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; San Antonio, TX, Electric and Gas Revenue, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Junior Lien | 1.750% | 12/1/25 | 4100000 | 3889288 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sherman, TX, ISD: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GO, Series B, PSF - GTD | 2.000% | 8/1/23 | 485000 | 483012 | <sup>(a)(b)(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GO, Series B, PSF - GTD | 2.000% | 8/1/23 | 605000 | 602520 | <sup>(a)(b)(e)</sup> |

---

**See Notes to Schedule of Investments.** 

12 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Asset Short Duration Municipal Income Fund 2022 Quarterly Report

------

**WESTERN ASSET SHORT DURATION MUNICIPAL INCOME FUND** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **November 30, 2022** |

---

(Percentages shown based on Fund net assets)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **SECURITY** | **RATE** | **MATURITY<br>DATE** | **FACE<br>AMOUNT** | **VALUE** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Texas - (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas State: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Gas Acquisition & Supply Corp. I, Gas Supply Revenue, Senior Lien, Series B (3 mo. USD LIBOR x 0.670 + 0.700%) | 2.906% | 12/15/26 | $4420000 | $4335744 | <sup>(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Gas Acquisition & Supply Corp. III, Gas Supply Revenue, Refunding | 5.000% | 12/15/26 | 3750000 | 3861055 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas State Municipal Power Agency Revenue, Transmission System, Refunding, AGM | 3.000% | 9/1/24 | 750000 | 753345 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas State Transportation Commission Revenue, Highway Fund, First Tier Revenue, Series B, Remarketing | 0.560% | 4/1/26 | 1500000 | 1345348 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas State Transportation Commission, Mobility Fund, GO, Series B | 0.650% | 4/1/26 | 2500000 | 2293863 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas State Water Development Board Revenue, Water Implementation, Series A | 5.000% | 10/15/30 | 2955000 | 3144704 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; University of Houston System Revenue, Consolidated Series A, Refunding | 5.000% | 2/15/30 | 2000000 | 2136353 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Texas* |  |  |  | *57875620* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utah - 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Salt Lake City, UT, Airport Revenue, Series A | 5.000% | 7/1/32 | 505000 | *529406* | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Vermont - 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; University of Vermont & State Agricultural College, Revenue, Series 2015, Refunding | 5.000% | 10/1/27 | 1905000 | *2017722* |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Virginia - 1.1%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Henry County, VA, IDA, Grant Revenue Anticipation Notes, Series B | 2.000% | 11/1/23 | 1035000 | 1025818 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Louisa, VA, IDA, PCR, Series A, Refunding | 1.900% | 6/1/23 | 1000000 | 989694 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wise County, VA, IDA, Solid Waste & Sewage Disposal Revenue, Virginia Electric & Power Co., Series A | 0.750% | 9/2/25 | 2650000 | 2411162 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; York County, VA, PCR, Virginia Electric & Power, EDA, Series A, Refunding | 1.900% | 6/1/23 | 2000000 | 1979387 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Virginia* |  |  |  | *6406061* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Washington - 3.1%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Central Puget Sound Regional Transit Authority Revenue, Sales Tax & Motor Vehicle Excise Tax Improvement Bonds, Series S-2A, Green Bonds (SIFMA Municipal Swap Index Yield + 0.200%) | 2.100% | 11/1/26 | 2000000 | 1945205 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pierce County, WA, School District No. 83 University Place, GO, Refunding | 5.000% | 12/1/27 | 3145000 | 3285444 |  |

---

**See Notes to Schedule of Investments.** 

Western Asset Short Duration Municipal Income Fund 2022 Quarterly Report 13

------

**WESTERN ASSET SHORT DURATION MUNICIPAL INCOME FUND** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **November 30, 2022** |

---

(Percentages shown based on Fund net assets)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **SECURITY** | **RATE** | **MATURITY<br>DATE** | **FACE<br>AMOUNT** | **VALUE** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Washington - (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port of Seattle, WA, Special Facility Revenue: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intermediate Lien, Series C | 5.000% | 5/1/25 | $3625000 | $3774561 | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intermediate Lien, Series D | 5.000% | 5/1/24 | 3500000 | 3588057 | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Refunding | 5.000% | 6/1/23 | 1085000 | 1095339 | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seattle, WA, Municipal Light & Power Revenue, Series B, Refunding (SIFMA Municipal Swap Index Yield + 0.250%) | 2.150% | 11/1/26 | 1000000 | 976990 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Washington State Motor Vehicle Fuel Tax, GO, Series R-2015B, Refunding | 5.000% | 7/1/26 | 3175000 | 3293120 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Washington* |  |  |  | *17958716* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS**<br> (Cost - $586,139,208) |  |  |  | 567600723 |  |
| **SHORT-TERM INVESTMENTS - 0.7%** |  |  |  |  |  |
| **MUNICIPAL BONDS - 0.7%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Georgia - 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bartow County, GA, Development Authority, Solid Waste Disposal Facilities Revenue, Georgia Power Company Plant Bowen Project, Second Series 2022 | 1.400% | 11/1/62 | 3100000 | *3100000* | <sup>(c)(f)(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Pennsylvania - 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware Valley, PA, Regional Finance Authority, Local Government Revenue, Series D, LOC - TD Bank N.A. | 1.800% | 11/1/55 | 400000 | *400000* | <sup>(f)(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Texas - 0.1%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tarrant County, TX, Cultural Education Facilities Finance Corp., Hospital Revenue, Baylor Health Care System Project, Series C, Refunding, LOC - TD Bank N.A. | 1.000% | 11/15/50 | 800000 | *800000* | <sup>(f)(g)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL SHORT-TERM INVESTMENTS**<br> (Cost - $4,300,000) |  |  |  | 4300000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 98.7%**<br> (Cost - $590,439,208) |  |  |  | 571900723 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities - 1.3% |  |  |  | 7607030 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL NET ASSETS - 100.0%** |  |  |  | $579507753 |  |

---

**See Notes to Schedule of Investments.** 

14 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Asset Short Duration Municipal Income Fund 2022 Quarterly Report

------

**WESTERN ASSET SHORT DURATION MUNICIPAL INCOME FUND** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **November 30, 2022** |

---

(a) Maturity date shown represents the mandatory tender date.

(b) Variable rate security. Interest rate disclosed is as of the most recent information available. Certain
variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description
above.

(c) Income from this issue is considered a preference item for purposes of calculating the alternative minimum tax
("AMT").

(d) Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold
in transactions that are exempt from registration, normally to qualified institutional buyers. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees.

(e) Pre-Refunded bonds are generally escrowed with U.S. government
obligations and/or U.S. government agency securities.

(f) Variable rate demand obligations ("VRDOs") have a demand feature under which the Fund can tender them
back to the issuer or liquidity provider on no more than 7 days notice. The interest rate generally resets on a daily or weekly basis and is determined on the specific interest rate reset date by the remarketing agent, pursuant to a formula
specified in official documents for the VRDO, or set at the highest rate allowable as specified in official documents for the VRDO. VRDOs are benchmarked to the Securities Industry and Financial Markets Association ("SIFMA") Municipal Swap
Index. The SIFMA Municipal Swap Index is compiled from weekly interest rate resets of tax-exempt VRDOs reported to the Municipal Securities Rulemaking Board's Short-term Obligation Rate Transparency
System.

(g) Maturity date shown is the final maturity date. The security may be sold back to the issuer before final
maturity.

**See Notes to Schedule of Investments.** 

Western Asset Short Duration Municipal Income Fund 2022 Quarterly Report 15

------

**WESTERN ASSET SHORT DURATION MUNICIPAL INCOME FUND** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **November 30, 2022** |

---

<u>Abbreviation(s) used in this schedule:</u> 

---

| | |
|:---|:---|
| AGM | — Assured Guaranty Municipal Corporation — Insured Bonds |
| BAM | — Build America Mutual — Insured Bonds |
| BAN | — Bond Anticipation Notes |
| EDA | — Economic Development Authority |
| EFA | — Educational Facilities Authority |
| FHA | — Federal Housing Administration — Insured Bonds |
| GO | — General Obligation |
| GTD | — Guaranteed |
| HDA | — Housing Development Authority |
| HDC | — Housing Development Corporation |
| HEFA | — Health & Educational Facilities Authority |
| IDA | — Industrial Development Authority |
| ISD | — Independent School District |
| LIBOR | — London Interbank Offered Rate |
| LIQ | — Liquidity Facility |
| LOC | — Letter of Credit |
| MFA | — Municipal Finance Authority |
| MFH | — Multi-Family Housing |
| PCR | — Pollution Control Revenue |
| PEA | — Public Energy Authority |
| PSF | — Permanent School Fund |
| Q-SBLF | — Qualified School Board Loan Fund |
| SIFMA | — Securities Industry and Financial Markets Association |
| TFA | — Transitional Finance Authority |

---

This Schedule of Investments is unaudited and is intended to provide information about the Fund's investments as of the date of the schedule. Other information regarding the Fund is available in the Fund's most recent annual or semi-annual shareholder report.

**See Notes to Schedule of Investments.** 

16 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Asset Short Duration Municipal Income Fund 2022 Quarterly Report

------

**Notes to Schedule of Investments (unaudited)** 

**1. Organization and significant accounting policies** 

Western Asset Short Duration Municipal Income Fund (the "Fund") is a separate diversified investment series of Legg Mason Partners Income Trust (the "Trust"). The Trust, a Maryland statutory trust, is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company.

The Fund follows the accounting and reporting guidance in Financial Accounting Standards Board ("FASB") Accounting Standard Codification Topic 946, *Financial Services - Investment Companies* ("ASC 946"). The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles ("GAAP"), including, but not limited to, ASC 946.

**(a) Investment valuation.** The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. When the Fund holds securities or other assets that are denominated in a foreign currency, the Fund will normally use the currency exchange rates as of 4:00 p.m. (Eastern Time). If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund value s these securities as determined in accordance with procedures approved by the Fund's Board of Trustees.

Pursuant to policies adopted by the Board of Trustees, the Fund's manager has been designated as the valuation designee and is responsible for the oversight of the daily valuation process. The Fund's manager is assisted by the Global Fund Valuation Committee (the "Valuation Committee"). The Valuation Committee is responsible for making fair value determinations, evaluating the effectiveness of the Fund's pricing policies, and reporting to the Fund's manager and the Board of Trustees. When determining the reliability of third party pricing information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.

<br>17<br>

------

**Notes to Schedule of Investments (unaudited) (continued)** 

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer's financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts' research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Trustees, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board of Trustees quarterly.

The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:

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

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

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

The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

<br>18<br>

------

**Notes to Schedule of Investments (unaudited) (continued)** 

The following is a summary of the inputs used in valuing the Fund's assets carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** |
| **DESCRIPTION** | **QUOTED PRICES**<br>**(LEVEL 1)** | **OTHER SIGNIFICANT**<br>**OBSERVABLE INPUTS**<br>**(LEVEL 2)** | **SIGNIFICANT**<br>**UNOBSERVABLE**<br>**INPUTS**<br>**(LEVEL 3)** | **TOTAL** |
|  Municipal Bonds† |  | $567600723 |  | $567600723 |
|  Short-Term Investments† |  | 4300000 |  | 4300000 |
|  Total Investments |  | $571900723 |  | $571900723 |

---

† See Schedule of Investments for additional detailed categorizations.

<br>19<br>

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Legg Mason Partners Income Trust

- **b. Investment Company Act file number:** 811-04254

- **c. CIK number of Registrant:** 0000764624

- **d. LEI of Registrant:** 549300Y1U2UCLTK83X35

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

  - **Street Address 1:** 620 Eighth Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10018

  - **Telephone number:** 1-877-656-3863

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

- **a. Name of Series:** Western Asset Short Duration Municipal Income Fund

- **b. EDGAR series identifier (if any):** S000016249

- **c. LEI of Series:** 549300TYCEXVVJWI4402

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

- **a. Date of fiscal year-end:** 2023-02-28

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $581696776.06

**Total Liabilities:** $1520532.84

**Net Assets:** $580176243.22

**Cash Not Reported:** $99581.56

**Currency Risk Metrics (dv01):**

- 

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

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

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

- **3-Month:** 2014.29000000 | **1-Year:** 67283.66000000 | **5-Year:** 59225.03000000 | **10-Year:** 3158.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000044916 | -1.31%               | -0.28%               | 1.59%                |
| Class ID C000222209 | -1.36%               | -0.33%               | 1.55%                |
| Class ID C000044918 | -1.51%               | -0.06%               | 1.59%                |
| Class ID C000183975 | -1.30%               | -0.27%               | 1.81%                |
| Class ID C000044917 | -1.35%               | -0.31%               | 1.77%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1001713.93             | $-8955447.88                               |
| Month 2  | $-2903801.68             | $1226123.36                                |
| Month 3  | $-1642273.95             | $10605565.65                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FORT BEND TX INDEP SCH DIST    | Fort Bend Independent School District                                            | CUSIP: 346843RY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1090806.79   | 0.19%             | 2050-08-01      | Variable      | 0.88%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV | City & County of Denver CO Airport System Revenue                                | CUSIP: 249182QB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2370000 | PA      | $2513367.94   | 0.43%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI PWR AGY REVENUE  | Texas Municipal Power Agency                                                     | CUSIP: 882555ZG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $753344.55    | 0.13%             | 2024-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PIERCE CNTY WA SCH DIST #83 UN | Pierce County School District No 83 University Place                             | CUSIP: 720475SV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3145000 | PA      | $3285444.06   | 0.57%             | 2027-12-01      | 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        |   3250000 | PA      | $3114699.58   | 0.54%             | 2038-08-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| DESOTO TX INDEP SCH DIST       | DeSoto Independent School District                                               | CUSIP: 241722FP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $516144.44    | 0.09%             | 2026-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH | Kentucky Public Energy Authority                                                 | CUSIP: 74440DBD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2044666.72   | 0.35%             | 2049-01-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH | Kentucky Public Energy Authority                                                 | CUSIP: 74440DAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1678933.37   | 0.29%             | 2048-04-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA SPL FAC REVENU | Port of Seattle WA                                                               | CUSIP: 735397CJ8<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1095339.29   | 0.19%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| YORK CNTY VA ECON DEV AUTH POL | York County Economic Development Authority                                       | CUSIP: 98659AAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1979387.00   | 0.34%             | 2033-05-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| CITIZENS PROPERTY INSURANCE CO | Citizens Property Insurance Inc                                                  | CUSIP: 176553HB4<br>LEI: 254900K60HH43SRST947 | Long             | DBT              | MUN               | US        |    900000 | PA      | $935734.32    | 0.16%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF MASSACHUSETTS MA BLDGA | University of Massachusetts Building Authority                                   | CUSIP: 914440QB1<br>LEI: 6ILE2573NPR1XO2TR556 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2658500.25   | 0.46%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH HLTH SYS R | Indiana Finance Authority                                                        | CUSIP: 45470YEX5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1293150.28   | 0.22%             | 2058-12-01      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| ANAHEIM CA PUBLIC FING AUTH LE | Anaheim Public Financing Authority                                               | CUSIP: 03255LBH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1809916.24   | 0.31%             | 2023-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PASADENA TX INDEP SCH DIST     | Pasadena Independent School District                                             | CUSIP: 702334BW2<br>LEI: 549300QY114RR4MXVU24 | Long             | DBT              | MUN               | US        |   5275000 | PA      | $5165425.59   | 0.89%             | 2044-02-15      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH MT | New Jersey Economic Development Authority                                        | CUSIP: 64578JAZ9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    445000 | PA      | $474397.99    | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R | State of Connecticut Special Tax Revenue                                         | CUSIP: 207758VR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5270000 | PA      | $5691528.33   | 0.98%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HS | Connecticut Housing Finance Authority                                            | CUSIP: 20775HSV6<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3483826.50   | 0.60%             | 2050-11-15      | Variable      | 2.20%                 | No            |                  2 | On Loan: No      |
| LOUISA VA INDL DEV AUTH POLL C | Louisa Industrial Development Authority                                          | CUSIP: 546068AT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989693.50    | 0.17%             | 2035-11-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE & JEFFERSON CNTY KY | Louisville/Jefferson County Metropolitan Government                              | CUSIP: 54659LBH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1626180.95   | 0.28%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING  | Pennsylvania Economic Development Financing Authority                            | CUSIP: 708692BT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1443853.35   | 0.25%             | 2041-06-01      | Variable      | 2.30%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                                                | CUSIP: 452152XU0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2035504.40   | 0.35%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL  | Metropolitan Pier & Exposition Authority                                         | CUSIP: 592250EF7<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2480048.50   | 0.43%             | 2024-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ POLL CONTROLC | Maricopa County Pollution Control Corp                                           | CUSIP: 566854EK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1767001.20   | 0.30%             | 2043-06-01      | Variable      | 0.88%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT PASSENGER FAC  | City of Atlanta GA Airport Passenger Facility Charge                             | CUSIP: 04780TCQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3055000 | PA      | $3125451.66   | 0.54%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST LOCAL GOVT ENVRNM | Louisiana Local Government Environmental Facilities & Community Development Auth | CUSIP: 54628CNL2<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3718341.60   | 0.64%             | 2046-02-01      | Variable      | 0.88%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I | Indianapolis Local Public Improvement Bond Bank                                  | CUSIP: 45528UD65<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   2895000 | PA      | $3027932.61   | 0.52%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING  | Pennsylvania Economic Development Financing Authority                            | CUSIP: 70870FAN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1231739.94   | 0.21%             | 2026-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| S E ALABAMA ST GAS SPLY DIST G | Southeast Alabama Gas Supply District/The                                        | CUSIP: 84131TAH5<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4931344.00   | 0.85%             | 2049-04-01      | Variable      | 2.55%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                  | State of Washington                                                              | CUSIP: 93974DGX0<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   3175000 | PA      | $3293120.16   | 0.57%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST TURNPIKE AUT | North Carolina Turnpike Authority                                                | CUSIP: 65830RBC2<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |    575000 | PA      | $585884.18    | 0.10%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FUND LTD | Michigan Strategic Fund                                                          | CUSIP: 594698SR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1934327.80   | 0.33%             | 2061-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| HAZEL PARK MI SCH DIST         | Hazel Park School District                                                       | CUSIP: 421560ML4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1527312.86   | 0.26%             | 2027-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP | New York Transportation Development Corp                                         | CUSIP: 650116DC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $354904.52    | 0.06%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAY AREA CA TOLL AUTH TOLL BRI | Bay Area Toll Authority                                                          | CUSIP: 072024SR4<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1738127.94   | 0.30%             | 2045-04-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XRM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $146867.50    | 0.03%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FARMINGTON NM POLL CONTROL REV | City of Farmington NM                                                            | CUSIP: 311450FS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2964318.60   | 0.51%             | 2040-06-01      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUNI PWR-OHIO INC OH  | American Municipal Power Inc                                                     | CUSIP: 02765UFZ2<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2179424.44   | 0.38%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WHITING IN ENVRNMNTL FACS REVE | City of Whiting IN                                                               | CUSIP: 96634RAS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5011497.00   | 0.86%             | 2046-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                 | State of Connecticut                                                             | CUSIP: 20772KHP7<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    180000 | PA      | $195849.88    | 0.03%             | 2027-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EL PASO TX INDEP SCH DIST      | El Paso Independent School District                                              | CUSIP: 283770NB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1227326.00   | 0.21%             | 2040-02-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI | Pennsylvania Turnpike Commission                                                 | CUSIP: 709225ED4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1407242.33   | 0.24%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CYPRESS-FAIRBANKS TX INDEP SCH | Cypress-Fairbanks Independent School District                                    | CUSIP: 232769BU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6420000 | PA      | $6143884.79   | 1.06%             | 2040-02-15      | Variable      | 0.28%                 | No            |                  2 | On Loan: No      |
| SAINT JOHN THE BAPTIST PARISH  | Parish of St John the Baptist LA                                                 | CUSIP: 79020FAZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1693444.03   | 0.29%             | 2037-06-01      | Variable      | 2.12%                 | No            |                  2 | On Loan: No      |
| HAZEL PARK MI SCH DIST         | Hazel Park School District                                                       | CUSIP: 421560MN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1671460.51   | 0.29%             | 2029-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF COLORADO CO ENTERPRISE | University of Colorado                                                           | CUSIP: 91417K4W8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2060000 | PA      | $2016433.06   | 0.35%             | 2054-06-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                    | City of New York NY                                                              | CUSIP: 64966QWM8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   7625000 | PA      | $7974124.35   | 1.37%             | 2044-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV | Colorado Health Facilities Authority                                             | CUSIP: 19648FJJ4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   4025000 | PA      | $4192076.14   | 0.72%             | 2049-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND NY PWR AUTH ELEC S | Long Island Power Authority                                                      | CUSIP: 542691GD6<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   7625000 | PA      | $8179456.45   | 1.41%             | 2052-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE TX INDEP SCH DIST    | Northside Independent School District                                            | CUSIP: 66702RWD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3030000 | PA      | $2936504.20   | 0.51%             | 2049-08-01      | Variable      | 1.60%                 | No            |                  2 | On Loan: No      |
| ORANGE TWP NJ                  | City of Orange Township NJ                                                       | CUSIP: 685312LD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $946604.30    | 0.16%             | 2024-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KANSAS ST DEPT OF TRANSPRTN HI | State of Kansas Department of Transportation                                     | CUSIP: 485424QG3<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |   2575000 | PA      | $2734413.10   | 0.47%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R | State of Connecticut Special Tax Revenue                                         | CUSIP: 207758M34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1347855.38   | 0.23%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP  | New York City Housing Development Corp                                           | CUSIP: 64972EZM4<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $960008.11    | 0.17%             | 2026-11-01      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FUND LTD | Michigan Strategic Fund                                                          | CUSIP: 594698EH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1213916.97   | 0.21%             | 2035-04-01      | Variable      | 0.88%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                 | State of Connecticut                                                             | CUSIP: 20772JJ94<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   5085000 | PA      | $5379071.65   | 0.93%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL INDL DEV AU | Miami-Dade County Industrial Development Authority                               | CUSIP: 59333GAN8<br>LEI: 549300RM19LZY32DAU30 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1439940.75   | 0.25%             | 2048-11-01      | Variable      | 2.27%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION  | Texas Municipal Gas Acquisition and Supply Corp I                                | CUSIP: 88256CAW9<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |   4420000 | PA      | $4335743.75   | 0.75%             | 2026-12-15      | Variable      | 2.91%                 | No            |                  2 | On Loan: No      |
| DELAWARE VLY PA REGL FIN AUTH  | Delaware Valley Regional Finance Authority                                       | CUSIP: 246579LF1<br>LEI: 549300HGYP3NW885TT18 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 0.07%             | 2055-11-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU | New Jersey Turnpike Authority                                                    | CUSIP: 646140BK8<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4017158.80   | 0.69%             | 2024-01-01      | Variable      | 3.34%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC | Health & Educational Facilities Authority of the State of Missouri               | CUSIP: 60637AKQ4<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1078605.08   | 0.19%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA STADIUM & EXPOSITION | Louisiana Stadium & Exposition District                                          | CUSIP: 546410CF6<br>LEI: 5493000QEHWDGVGH7J62 | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1329751.85   | 0.23%             | 2023-07-03      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BARTOW CNTY GA DEV AUTH SOLIDW | Bartow County Development Authority                                              | CUSIP: 06964KAA4<br>LEI: 5493006KLI0V8YELKW50 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3100000.00   | 0.53%             | 2062-11-01      | Variable      | 1.27%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND NY PWR AUTH ELEC S | Long Island Power Authority                                                      | CUSIP: 542691EX4<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   4580000 | PA      | $4161749.82   | 0.72%             | 2051-09-01      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH       | Oklahoma Development Finance Authority                                           | CUSIP: 6789083U6<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   8880000 | PA      | $8726830.66   | 1.50%             | 2023-07-06      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT AUTH IA TOB | Iowa Tobacco Settlement Authority                                                | CUSIP: 888805BS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $524706.95    | 0.09%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                | Commonwealth of Pennsylvania                                                     | CUSIP: 70914PYR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $355515.47    | 0.06%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE     | Port of Seattle WA                                                               | CUSIP: 735389ZM3<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   3625000 | PA      | $3774560.98   | 0.65%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND NY PWR AUTH ELEC S | Long Island Power Authority                                                      | CUSIP: 542691DM9<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   6400000 | PA      | $5830850.56   | 1.01%             | 2050-09-01      | Variable      | 0.85%                 | No            |                  2 | On Loan: No      |
| MATAGORDA CNTY TX NAV DIST #1  | Matagorda County Navigation District No 1                                        | CUSIP: 576528DU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1718311.18   | 0.30%             | 2030-05-01      | Variable      | 0.90%                 | 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        |   2440000 | PA      | $2281771.61   | 0.39%             | 2026-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ENVRNMNTL  | Indiana Finance Authority                                                        | CUSIP: 455054BE5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1463035.05   | 0.25%             | 2026-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST PORT AUTH     | Massachusetts Port Authority                                                     | CUSIP: 575896UR4<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   4105000 | PA      | $4290353.48   | 0.74%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF VERMONT & ST AGRIC CLG | University of Vermont and State Agricultural College                             | CUSIP: 915200VF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1905000 | PA      | $2017722.47   | 0.35%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 64613CAH1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2096360.60   | 0.36%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE | Port Authority of New York & New Jersey                                          | CUSIP: 73358WSS4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1626830.65   | 0.28%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I | Indianapolis Local Public Improvement Bond Bank                                  | CUSIP: 45528ULW9<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2033273.00   | 0.35%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING  | Pennsylvania Economic Development Financing Authority                            | CUSIP: 70870FAL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $864342.34    | 0.15%             | 2024-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA ARPT REVENUE   | City of Philadelphia PA Airport Revenue                                          | CUSIP: 717817XE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026235.90   | 0.18%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE | Port Authority of New York & New Jersey                                          | CUSIP: 73358WZY3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3995000 | PA      | $4172602.12   | 0.72%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEATTLE WA MUNI LIGHT & PWR RE | City of Seattle WA Municipal Light & Power Revenue                               | CUSIP: 812643WU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $976990.00    | 0.17%             | 2045-05-01      | Variable      | 2.15%                 | No            |                  2 | On Loan: No      |
| WISE CNTY VA INDL DEV AUTH SOL | Wise County Industrial Development Authority                                     | CUSIP: 977228AE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2411161.86   | 0.42%             | 2040-10-01      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA | Chicago O'Hare International Airport                                             | CUSIP: 167593QH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3080673.00   | 0.53%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE   | Illinois Finance Authority                                                       | CUSIP: 45204FEH4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4749539.85   | 0.82%             | 2050-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY PROJ NE G | Central Plains Energy Project                                                    | CUSIP: 154872AT2<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   3115000 | PA      | $3127346.30   | 0.54%             | 2049-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTHCENTRL PA GEN AUTH REVENU | General Authority of Southcentral Pennsylvania                                   | CUSIP: 84129NMF3<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1494712.50   | 0.26%             | 2049-06-01      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP FAC REVENUE       | State of Ohio                                                                    | CUSIP: 677561KG6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   3325000 | PA      | $3658774.81   | 0.63%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638QEW5<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 0.14%             | 2050-11-15      | Variable      | 0.84%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST ECON DEV AUTH REVE | Delaware State Economic Development Authority                                    | CUSIP: 246387SU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $945885.90    | 0.16%             | 2031-01-01      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| CENTRL FL EXPRESSWAY AUTH SR L | Central Florida Expressway Authority                                             | CUSIP: 153476AP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1602079.80   | 0.28%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE & | California Infrastructure & Economic Development Bank                            | CUSIP: 13034AN48<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1445996.70   | 0.25%             | 2050-12-01      | Variable      | 2.60%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                                                | CUSIP: 452153BP3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4129672.00   | 0.71%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPARKS NV TOURISM IMPT DIST #1 | City of Sparks NV                                                                | CUSIP: 846562AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $512641.07    | 0.09%             | 2024-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE | Port Authority of New York & New Jersey                                          | CUSIP: 73358XBW1<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2090034.80   | 0.36%             | 2025-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I | Indianapolis Local Public Improvement Bond Bank                                  | CUSIP: 45528UD99<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2142670.80   | 0.37%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE | Port Authority of New York & New Jersey                                          | CUSIP: 73358WPY4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5076450.50   | 0.87%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ASHLAND KY MED CENTER REVENUE  | City of Ashland KY                                                               | CUSIP: 044293BK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $601864.98    | 0.10%             | 2023-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH    | New Jersey Economic Development Authority                                        | CUSIP: 645779CD9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2196092.93   | 0.38%             | 2059-04-01      | Variable      | 2.45%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SO | California Municipal Finance Authority                                           | CUSIP: 13048RAC1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1502819.52   | 0.26%             | 2039-02-01      | Variable      | 1.30%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI | Pennsylvania Turnpike Commission                                                 | CUSIP: 709224G86<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000031.60   | 0.34%             | 2023-12-01      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HGR EDUCTNL FA | Pennsylvania Higher Educational Facilities Authority                             | CUSIP: 70917TCF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $954390.24    | 0.16%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                                                | CUSIP: 452152G96<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1890000 | PA      | $1960959.86   | 0.34%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP  | New York City Housing Development Corp                                           | CUSIP: 64972EYZ6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $8299827.00   | 1.43%             | 2061-05-01      | Variable      | 0.60%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R | State of Connecticut Special Tax Revenue                                         | CUSIP: 207758M42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1919242.33   | 0.33%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIMBLE CNTY KY POLL CONTROL R | County of Trimble KY                                                             | CUSIP: 896224BC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $2886037.05   | 0.50%             | 2026-09-01      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HS | Connecticut Housing Finance Authority                                            | CUSIP: 20775HFD0<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    850000 | PA      | $766993.42    | 0.13%             | 2026-11-15      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A | Metropolitan Washington Airports Authority Aviation Revenue                      | CUSIP: 592647JW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1602531.45   | 0.28%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FL SPL REVENUE    | City of Jacksonville FL                                                          | CUSIP: 469487JU7<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037107.50   | 0.18%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE-MECKLENBURG NC HOSPA | Charlotte-Mecklenburg Hospital Authority/The                                     | CUSIP: 160853VG9<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1879629.60   | 0.32%             | 2048-01-15      | Variable      | 0.80%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA               | District of Columbia                                                             | CUSIP: 25476FSW9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2665000 | PA      | $2882749.42   | 0.50%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST THRUWAY AUTH       | New York State Thruway Authority                                                 | CUSIP: 650009G31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2715000 | PA      | $2824190.78   | 0.49%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF HOUSTON TX UNIV REVENU | University of Houston                                                            | CUSIP: 914302CG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2136352.80   | 0.37%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CORPUS CHRISTI TX UTILITY SYSR | City of Corpus Christi TX Utility System Revenue                                 | CUSIP: 220245VH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1582397.85   | 0.27%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL HLTH FACS A | Palm Beach County Health Facilities Authority                                    | CUSIP: 696507VG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $221988.78    | 0.04%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND TX INDEP SCH DIST    | Fort Bend Independent School District                                            | CUSIP: 346843SZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $766697.40    | 0.13%             | 2051-08-01      | Variable      | 0.72%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSIONS | Texas Transportation Commission State Highway Fund                               | CUSIP: 88283LKX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1345347.90   | 0.23%             | 2026-04-01      | Fixed         | 0.56%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH SOL WST FACS  | Iowa Finance Authority                                                           | CUSIP: 46246YAB8<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2405000 | PA      | $2353012.56   | 0.41%             | 2042-01-01      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE | Port Authority of New York & New Jersey                                          | CUSIP: 73358WR55<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |  10400000 | PA      | $10855654.16  | 1.87%             | 2025-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE   | Michigan Finance Authority                                                       | CUSIP: 59447TU43<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1197585.48   | 0.21%             | 2027-10-15      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| GLOUCESTER CNTY NJ IMPT AUTH   | Gloucester County Improvement Authority/The                                      | CUSIP: 37970PKU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2157191.78   | 0.37%             | 2024-03-01      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| HAZEL PARK MI SCH DIST         | Hazel Park School District                                                       | CUSIP: 421560MJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2620000 | PA      | $2692973.03   | 0.46%             | 2025-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND NY PWR AUTH ELEC S | Long Island Power Authority                                                      | CUSIP: 542691GG9<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1235007.78   | 0.21%             | 2033-05-01      | Variable      | 3.39%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 646135Z89<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     35000 | PA      | $36477.13     | 0.01%             | 2024-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP  | Sales Tax Securitization Corp                                                    | CUSIP: 79467BAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6700000 | PA      | $6954338.70   | 1.20%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE   | Michigan Finance Authority                                                       | CUSIP: 59447TUE1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1820019.43   | 0.31%             | 2044-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 6461363E9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2025000 | PA      | $2089046.90   | 0.36%             | 2024-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRENTON NJ                     | City of Trenton NJ                                                               | CUSIP: 895139LS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1259732.31   | 0.22%             | 2031-07-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HGR EDUCTNL FA | Pennsylvania Higher Educational Facilities Authority                             | CUSIP: 70917TCG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079204.60   | 0.19%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND NY PWR AUTH ELEC S | Long Island Power Authority                                                      | CUSIP: 542691CR9<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5311883.50   | 0.92%             | 2049-09-01      | Variable      | 1.65%                 | No            |                  2 | On Loan: No      |
| KANSAS ST DEPT OF TRANSPRTN HI | State of Kansas Department of Transportation                                     | CUSIP: 485424RT4<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3502318.05   | 0.60%             | 2023-09-01      | Variable      | 3.04%                 | No            |                  2 | On Loan: No      |
| HENRY CNTY VA INDL DEV AUTH PU | Henry County Industrial Development Authority/VA                                 | CUSIP: 42668CBQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1025818.41   | 0.18%             | 2023-11-01      | 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        |   1450000 | PA      | $1401327.85   | 0.24%             | 2041-07-01      | Variable      | 2.15%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE | City of Salt Lake City UT Airport Revenue                                        | CUSIP: 795576FR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $529406.40    | 0.09%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP  | Sales Tax Securitization Corp                                                    | CUSIP: 79467BCQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2143389.47   | 0.37%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOOSE CREEK TX CONSOL INDEP SC | Goose Creek Consolidated Independent School District                             | CUSIP: 3826043G9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $949737.05    | 0.16%             | 2035-02-15      | Variable      | 0.60%                 | No            |                  2 | On Loan: No      |
| OREGON ST BUSINESS DEV COMMISS | Oregon State Business Development Commission                                     | CUSIP: 68609AAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992549.40    | 0.17%             | 2040-12-01      | Variable      | 2.40%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV ARPT REVENUE     | County of Clark Department of Aviation                                           | CUSIP: 18085PSS4<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1901129.01   | 0.33%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                    | City of New York NY                                                              | CUSIP: 64966LW23<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1568046.55   | 0.27%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU | New Jersey Turnpike Authority                                                    | CUSIP: 646140BN2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |  12250000 | PA      | $12302548.83  | 2.12%             | 2024-01-01      | Variable      | 3.34%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK SPL OBLIG   | Mississippi Development Bank                                                     | CUSIP: 60534XBW5<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    590000 | PA      | $620594.63    | 0.11%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST                  | State of New Jersey                                                              | CUSIP: 646039YN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2365000 | PA      | $2659424.29   | 0.46%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| S E ALABAMA ST GAS SPLY DIST G | Southeast Alabama Gas Supply District/The                                        | CUSIP: 84131TAR3<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $982583.20    | 0.17%             | 2049-06-01      | Variable      | 3.37%                 | No            |                  2 | On Loan: No      |
| TEXAS ST WTR DEV BRD           | Texas Water Development Board                                                    | CUSIP: 882854WR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2955000 | PA      | $3144704.20   | 0.54%             | 2030-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALASKA ST INTERNATIONAL ARPTSR | State of Alaska International Airports System                                    | CUSIP: 011842UN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1975000 | PA      | $2060084.58   | 0.36%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HAVEN CT                   | City of New Haven CT                                                             | CUSIP: 645021AF3<br>LEI: 549300U4OHEAZ124LQ06 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1262686.92   | 0.22%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEBRASKA ST PUBLIC PWR DIST RE | Nebraska Public Power District                                                   | CUSIP: 63968A4D4<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4930779.00   | 0.85%             | 2051-01-01      | Variable      | 0.60%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST ENVRNMNTL IMPT & E | Missouri State Environmental Improvement & Energy Resources Authority            | CUSIP: 606907BJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992596.50    | 0.17%             | 2038-05-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST ENERGY ACQUISITIO | Tennessee Energy Acquisition Corp                                                | CUSIP: 880443HZ2<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   6835000 | PA      | $6845355.71   | 1.18%             | 2048-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST OFFSHORE TERMINAL | Louisiana Offshore Terminal Authority                                            | CUSIP: 546510FR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3150000 | PA      | $3103144.38   | 0.53%             | 2034-09-01      | Variable      | 1.65%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL SCH DIST #87 BERK | Cook County School District No 87 Berkeley                                       | CUSIP: 214165LU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $531066.60    | 0.09%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA | Chicago O'Hare International Airport                                             | CUSIP: 167593Q54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1616804.09   | 0.28%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                    | State of Maryland                                                                | CUSIP: 574193NM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1853098.72   | 0.32%             | 2030-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL EDU FA | Harris County Cultural Education Facilities Finance Corp                         | CUSIP: 414009HZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2555000 | PA      | $2650229.96   | 0.46%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SO | California Municipal Finance Authority                                           | CUSIP: 13048RAF4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2420837.00   | 0.42%             | 2044-12-01      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI | Pennsylvania Turnpike Commission                                                 | CUSIP: 709225BJ4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    635000 | PA      | $658413.15    | 0.11%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WHITING IN ENVRNMNTL FACS REVE | City of Whiting IN                                                               | CUSIP: 96634RAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10935000 | PA      | $11231936.64  | 1.94%             | 2044-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                                                | CUSIP: 452152P96<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3090000 | PA      | $3227743.24   | 0.56%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ENVRNMNTL  | Indiana Finance Authority                                                        | CUSIP: 455059AL9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $912684.30    | 0.16%             | 2025-08-01      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                | Commonwealth of Pennsylvania                                                     | CUSIP: 70914PXV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2180000 | PA      | $2197101.66   | 0.38%             | 2026-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CENTRL PUGET SOUND WA REGL TRA | Central Puget Sound Regional Transit Authority                                   | CUSIP: 15504RGN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1945204.60   | 0.34%             | 2045-11-01      | Variable      | 2.10%                 | No            |                  2 | On Loan: No      |
| PATRIOTS ENERGY GROUP FING AGY | Patriots Energy Group Financing Agency                                           | CUSIP: 70342PAK0<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |  13580000 | PA      | $13630677.84  | 2.35%             | 2048-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE & JEFFERSON CNTY KY | Louisville/Jefferson County Metropolitan Government                              | CUSIP: 54659LCD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2098606.20   | 0.36%             | 2047-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH MT | New Jersey Economic Development Authority                                        | CUSIP: 64578JBE5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   5005000 | PA      | $5332824.00   | 0.92%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE | New Jersey Economic Development Authority                                        | CUSIP: 645918W41<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600743.52   | 0.28%             | 2027-09-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH R | Lower Colorado River Authority                                                   | CUSIP: 54811GC81<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2252250.99   | 0.39%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MERCER CNTY KY SOL WST DISP FA | County of Mercer KY                                                              | CUSIP: 587829AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6900000 | PA      | $6841114.71   | 1.18%             | 2023-05-01      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSION  | Texas Transportation Commission                                                  | CUSIP: 882830BJ0<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2293863.00   | 0.40%             | 2041-10-01      | Variable      | 0.65%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH SF MT | Michigan State Housing Development Authority                                     | CUSIP: 594654NM3<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1730000 | PA      | $1472584.82   | 0.25%             | 2029-06-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| ASHLAND KY MED CENTER REVENUE  | City of Ashland KY                                                               | CUSIP: 044293BL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $586747.02    | 0.10%             | 2024-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL PARK DIST           | Chicago Park District                                                            | CUSIP: 167615TJ2<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   3490000 | PA      | $3562065.71   | 0.61%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN  | New York City Municipal Water Finance Authority                                  | CUSIP: 64972GFX7<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   2770000 | PA      | $2927083.93   | 0.50%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHERMAN TX INDEP SCH DIST      | Sherman Independent School District/TX                                           | CUSIP: 824178ZW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $602519.98    | 0.10%             | 2048-08-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND NY PWR AUTH ELEC S | Long Island Power Authority                                                      | CUSIP: 5426904F6<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000025.20   | 0.69%             | 2033-05-01      | Variable      | 3.39%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                 | State of Connecticut                                                             | CUSIP: 20772J6Q0<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   4275000 | PA      | $4658529.49   | 0.80%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE      | North Texas Tollway Authority                                                    | CUSIP: 66285WNG7<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1233830.18   | 0.21%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MI ARPT AUTH REVENU | Wayne County Airport Authority                                                   | CUSIP: 944514TD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1664738.34   | 0.29%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE     | Port of Seattle WA                                                               | CUSIP: 735389B23<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3588057.20   | 0.62%             | 2024-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH R | Lower Colorado River Authority                                                   | CUSIP: 54811GZQ6<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1460098.17   | 0.25%             | 2024-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUNI PWR-OHIO INC OH  | American Municipal Power Inc                                                     | CUSIP: 02765UQJ6<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   3130000 | PA      | $3000884.68   | 0.52%             | 2048-02-15      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH | Kentucky Public Energy Authority                                                 | CUSIP: 74440DBR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15130000 | PA      | $15041121.84  | 2.59%             | 2049-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND OH ARPT SYS REVENUE  | City of Cleveland OH Airport System Revenue                                      | CUSIP: 186352RL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1288527.88   | 0.22%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAZEL PARK MI SCH DIST         | Hazel Park School District                                                       | CUSIP: 421560MK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1459795.98   | 0.25%             | 2026-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FINGA | Pennsylvania Economic Development Financing Authority                            | CUSIP: 70869MAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2427846.00   | 0.42%             | 2023-10-01      | Fixed         | 0.40%                 | No            |                  2 | On Loan: No      |
| LANCASTER OH PORT AUTH GAS REV | Lancaster Port Authority                                                         | CUSIP: 514401BA5<br>LEI: 5493007EGWLFDZJFF129 | Long             | DBT              | MUN               | US        |   6100000 | PA      | $6249049.23   | 1.08%             | 2049-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA | Chicago O'Hare International Airport                                             | CUSIP: 167593RA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1092491.27   | 0.19%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RICHLAND CNTY SC ENVRNMNTL IMP | County of Richland SC                                                            | CUSIP: 76363PAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000482.10   | 0.52%             | 2023-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CENTRL FL EXPRESSWAY AUTH SR L | Central Florida Expressway Authority                                             | CUSIP: 153476GK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1870000 | PA      | $2010430.83   | 0.35%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                | Commonwealth of Pennsylvania                                                     | CUSIP: 70914PE40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2465000 | PA      | $2665095.64   | 0.46%             | 2028-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE | City of San Antonio TX Electric & Gas Systems Revenue                            | CUSIP: 79625GBX0<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   4100000 | PA      | $3889287.88   | 0.67%             | 2049-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                 | State of Connecticut                                                             | CUSIP: 20772JMA7<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2247866.33   | 0.39%             | 2024-03-01      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST ENERGY ACQUISITIO | Tennessee Energy Acquisition Corp                                                | CUSIP: 880443JE7<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   9445000 | PA      | $9403556.28   | 1.62%             | 2049-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                 | State of Connecticut                                                             | CUSIP: 20772J3X8<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5408928.50   | 0.93%             | 2028-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAY AREA CA TOLL AUTH TOLL BRI | Bay Area Toll Authority                                                          | CUSIP: 072024WZ1<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001828.80   | 0.35%             | 2056-04-01      | Variable      | 2.18%                 | No            |                  2 | On Loan: No      |
| KANSAS ST DEPT OF TRANSPRTN HI | State of Kansas Department of Transportation                                     | CUSIP: 485424RU1<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000192.40   | 0.34%             | 2024-09-01      | Variable      | 3.14%                 | No            |                  2 | On Loan: No      |
| SHERMAN TX INDEP SCH DIST      | Sherman Independent School District/TX                                           | CUSIP: 824178ZC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $483011.89    | 0.08%             | 2048-08-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| SAINT JOHN THE BAPTIST PARISH  | Parish of St John the Baptist LA                                                 | CUSIP: 79020FBA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1292974.90   | 0.22%             | 2037-06-01      | Variable      | 2.38%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA DEV AUTH POLL C | Development Authority of Monroe County/The                                       | CUSIP: 610530FR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1092895.03   | 0.19%             | 2025-07-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FIN AUTH SEN | California Public Finance Authority                                              | CUSIP: 13057GAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $929740.00    | 0.16%             | 2027-11-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                                                | CUSIP: 452152P88<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3690000 | PA      | $3787797.55   | 0.65%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI | Pennsylvania Turnpike Commission                                                 | CUSIP: 709224L23<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1714866.33   | 0.30%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH HOSP FACS REV | County of Hamilton OH                                                            | CUSIP: 407272P56<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2574937.75   | 0.44%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971WMV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2915000 | PA      | $3012434.46   | 0.52%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE | Port Authority of New York & New Jersey                                          | CUSIP: 73358WS54<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    300000 | PA      | $316978.62    | 0.05%             | 2032-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAPEVINE-COLLEYVILLE TX INDEP | Grapevine-Colleyville Independent School District                                | CUSIP: 3886403M4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2116037.00   | 0.36%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION& | Texas Municipal Gas Acquisition & Supply Corp III                                | CUSIP: 88256HBB3<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3861055.50   | 0.67%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL EDU FA | Harris County Cultural Education Facilities Finance Corp                         | CUSIP: 414009MG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3045000 | PA      | $3220707.46   | 0.56%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NTHRN AK TOBACCO SECURITIZATIO | Northern Tobacco Securitization Corp                                             | CUSIP: 66585VBF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $723718.31    | 0.12%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN  | New York City Municipal Water Finance Authority                                  | CUSIP: 64972GZQ0<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2207228.73   | 0.38%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY NE WSTWTR SOLW | County of Washington NE                                                          | CUSIP: 938120AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1133132.76   | 0.20%             | 2030-09-01      | Variable      | 0.90%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH   | Ohio Air Quality Development Authority                                           | CUSIP: 677525WM5<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3371604.60   | 0.58%             | 2028-10-01      | Variable      | 2.10%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEV AUTH INDL | Chandler Industrial Development Authority                                        | CUSIP: 158862BZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13990000 | PA      | $14196523.18  | 2.45%             | 2049-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GLENDALE AZ TRANSPRTN EXCISE T | City of Glendale AZ Transportation Excise Tax Revenue                            | CUSIP: 378325BK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5180000 | PA      | $5470564.85   | 0.94%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-24

**Name of Applicant:** Legg Mason Partners Income Trust

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer