# EDGAR Filing Document

**Accession Number:** 0001081400
**File Stem:** 0001410368-25-030677
**Filing Date:** 2025-11
**Character Count:** 573053
**Document Hash:** efdb7516f8697fdb684742b2533135f5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-030677.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001410368-25-030677

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALLSPRING FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001081400

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09253
- **FILM NUMBER:** 251516097

**BUSINESS ADDRESS:**
- **STREET 1:** 1415 VANTAGE PARK DRIVE
- **STREET 2:** 3RD FLOOR
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28203
- **BUSINESS PHONE:** 833-568-4255

**MAIL ADDRESS:**
- **STREET 1:** 1415 VANTAGE PARK DRIVE
- **STREET 2:** 3RD FLOOR
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WELLS FARGO FUNDS TRUST
- **DATE OF NAME CHANGE:** 19990308

## Series and Classes Contracts Data

### Allspring Strategic Municipal Bond Fund (Series ID: S000029115)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000089514 | Class A             | VMPAX           |
| C000089516 | Class C             | DHICX           |
| C000089517 | Administrator Class | VMPYX           |
| C000123112 | Institutional Class | STRIX           |
| C000205251 | Class R6            | VMPRX           |

## Nport-Ex

Portfolio of investments—September 30, 2025 (unaudited)

Portfolio of investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest <br>rate<br>| Maturity <br>date<br>| Principal | Value |
| **Municipal obligations: 98.87%** |  |  |  |  |
| **Alabama: 4.24%** |  |  |  |  |
| **Education revenue: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Homewood Educational Building Authority CHF - Horizons I LLC <br> Series A<br>| 5.25<br> %<br>| &nbsp;&nbsp; 10-1-2034 | $260000 | &nbsp;&nbsp; $282581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Homewood Educational Building Authority CHF - Horizons I LLC <br> Series A<br>| 5.25 | &nbsp;&nbsp; 10-1-2035 | 1010000 | &nbsp;&nbsp; 1087941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Homewood Educational Building Authority CHF - Horizons I LLC <br> Series A<br>| 5.25 | &nbsp;&nbsp; 10-1-2036 | 1000000 | &nbsp;&nbsp; 1066591 |
|  |  |  |  | &nbsp;&nbsp; **2437113** |
| **Health revenue: 0.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alabama Special Care Facilities Financing Authority-Birmingham <br> Ascension Health Credit Group Series C<br>| 5.00 | &nbsp;&nbsp; 11-15-2046 | 5000000 | &nbsp;&nbsp; **5012054** |
| **Industrial development revenue: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial Development Board of the City of Mobile Alabama Power <br> Co. Series Aøø<br>| 3.38 | &nbsp;&nbsp; 6-1-2034 | 3750000 | &nbsp;&nbsp; **3806761** |
| **Utilities revenue: 3.65%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Black Belt Energy Gas District Project No. 6 Series Bøø | 4.00 | &nbsp;&nbsp; 10-1-2052 | 6500000 | &nbsp;&nbsp; 6578086 |
| &nbsp;&nbsp;&nbsp; Black Belt Energy Gas District Series C-1øø | 5.25 | &nbsp;&nbsp; 2-1-2053 | 7800000 | &nbsp;&nbsp; 8330839 |
| &nbsp;&nbsp;&nbsp; Black Belt Energy Gas District Series Eøø | 5.00 | &nbsp;&nbsp; 12-1-2055 | 7600000 | &nbsp;&nbsp; 8191172 |
| &nbsp;&nbsp;&nbsp; Lower Alabama Gas Districtøø | 4.00 | &nbsp;&nbsp; 12-1-2050 | 8660000 | &nbsp;&nbsp; 8677734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southeast Energy Authority A Cooperative District Project No. 5 <br> Series Aøø<br>| 5.25 | &nbsp;&nbsp; 1-1-2054 | 11000000 | &nbsp;&nbsp; 11660453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southeast Energy Authority A Cooperative District Project No. 6 <br> Series B (Royal Bank of Canada LIQ)øø<br>| 5.00 | &nbsp;&nbsp; 1-1-2054 | 5000000 | &nbsp;&nbsp; 5347801 |
| &nbsp;&nbsp;&nbsp; Southeast Energy Authority A Cooperative District Series A | 5.00 | &nbsp;&nbsp; 6-1-2033 | 1000000 | &nbsp;&nbsp; 1090800 |
| &nbsp;&nbsp;&nbsp; Southeast Energy Authority A Cooperative District Series A | 5.00 | &nbsp;&nbsp; 6-1-2034 | 1000000 | &nbsp;&nbsp; 1089838 |
| &nbsp;&nbsp;&nbsp; Southeast Energy Authority A Cooperative District Series Føø | 5.25 | &nbsp;&nbsp; 11-1-2055 | 15000000 | &nbsp;&nbsp; 16657068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series 2024-<br> XL0560 (Morgan Stanley Bank LIQ)144Aø<br>| 2.99 | &nbsp;&nbsp; 5-1-2055 | 2000000 | &nbsp;&nbsp; 2000000 |
|  |  |  |  | &nbsp;&nbsp; **69623791** |
|  |  |  |  | &nbsp;&nbsp; **80879719** |
| **Alaska: 0.42%** |  |  |  |  |
| **Airport revenue: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Alaska Railroad Corp. AMT (AG Insured) | 5.50 | &nbsp;&nbsp; 10-1-2035 | 1000000 | &nbsp;&nbsp; 1124555 |
| &nbsp;&nbsp;&nbsp; Alaska Railroad Corp. AMT (AG Insured) | 5.50 | &nbsp;&nbsp; 10-1-2036 | 1250000 | &nbsp;&nbsp; 1391132 |
|  |  |  |  | &nbsp;&nbsp; **2515687** |
| **Health revenue: 0.29%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alaska Industrial Development & Export Authority Dena' Nena' <br> Henash Series A<br>| 5.00 | &nbsp;&nbsp; 10-1-2027 | 1455000 | &nbsp;&nbsp; 1511432 |

---

See accompanying notes to portfolio of investments

Allspring Strategic Municipal Bond Fund \| 1

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Health revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alaska Industrial Development & Export Authority Dena' Nena' <br> Henash Series A<br>| 5.00<br> %<br>| &nbsp;&nbsp; 10-1-2028 | $1530000 | &nbsp;&nbsp; $1617470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alaska Industrial Development & Export Authority Dena' Nena' <br> Henash Series A<br>| 5.00 | &nbsp;&nbsp; 10-1-2029 | 2220000 | &nbsp;&nbsp; 2385148 |
|  |  |  |  | &nbsp;&nbsp; **5514050** |
|  |  |  |  | &nbsp;&nbsp; **8029737** |
| **Arizona: 1.58%** |  |  |  |  |
| **Education revenue: 0.60%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Arizona IDA Agribusiness & Equine Center, Inc. Series B144A | 4.00 | &nbsp;&nbsp; 3-1-2027 | 425000 | &nbsp;&nbsp; 423226 |
| &nbsp;&nbsp;&nbsp; Arizona IDA Kipp NYC Public Charter Schools Series B | 4.00 | &nbsp;&nbsp; 7-1-2034 | 230000 | &nbsp;&nbsp; 225608 |
| &nbsp;&nbsp;&nbsp; Arizona IDA Kipp NYC Public Charter Schools Series B | 5.00 | &nbsp;&nbsp; 7-1-2029 | 160000 | &nbsp;&nbsp; 161680 |
| &nbsp;&nbsp;&nbsp; Arizona IDA Kipp NYC Public Charter Schools Series B | 5.00 | &nbsp;&nbsp; 7-1-2030 | 190000 | &nbsp;&nbsp; 191912 |
| &nbsp;&nbsp;&nbsp; Arizona IDA Kipp NYC Public Charter Schools Series B | 5.00 | &nbsp;&nbsp; 7-1-2031 | 200000 | &nbsp;&nbsp; 201818 |
| &nbsp;&nbsp;&nbsp; Arizona IDA Kipp NYC Public Charter Schools Series B | 5.00 | &nbsp;&nbsp; 7-1-2032 | 210000 | &nbsp;&nbsp; 211688 |
| &nbsp;&nbsp;&nbsp; Arizona IDA Kipp NYC Public Charter Schools Series B | 5.00 | &nbsp;&nbsp; 7-1-2033 | 220000 | &nbsp;&nbsp; 221529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arizona IDA Leman Academy of Excellence Obligated Group <br> Series A144A<br>| 4.50 | &nbsp;&nbsp; 7-1-2029 | 555000 | &nbsp;&nbsp; 555525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IDA of the County of Pima American Leadership Academy, Inc. <br> Series 2022144A<br>| 4.00 | &nbsp;&nbsp; 6-15-2026 | 2585000 | &nbsp;&nbsp; 2586366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IDA of the County of Pima American Leadership Academy, Inc. <br> Series 2022144A<br>| 4.00 | &nbsp;&nbsp; 6-15-2028 | 2785000 | &nbsp;&nbsp; 2787471 |
| &nbsp;&nbsp;&nbsp; IDA of the County of Pima Edkey, Inc. Obligated Group144A† | 3.50 | &nbsp;&nbsp; 7-1-2025 | 685000 | &nbsp;&nbsp; 548000 |
| &nbsp;&nbsp;&nbsp; Sierra Vista IDA American Leadership Academy, Inc.144A | 5.00 | &nbsp;&nbsp; 6-15-2034 | 1250000 | &nbsp;&nbsp; 1293088 |
| &nbsp;&nbsp;&nbsp; Sierra Vista IDA Wake Preparatory Academy | 5.25 | &nbsp;&nbsp; 6-15-2035 | 2000000 | &nbsp;&nbsp; 2037955 |
|  |  |  |  | &nbsp;&nbsp; **11445866** |
| **Health revenue: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Maricopa County IDA Christian Care Surprise, Inc.144A | 5.00 | &nbsp;&nbsp; 1-1-2026 | 920000 | &nbsp;&nbsp; 917178 |
| &nbsp;&nbsp;&nbsp; Tempe IDA Life Care Village Obligated Group Series A | 4.00 | &nbsp;&nbsp; 12-1-2025 | 270000 | &nbsp;&nbsp; 269894 |
| &nbsp;&nbsp;&nbsp; Tempe IDA Life Care Village Obligated Group Series A | 4.00 | &nbsp;&nbsp; 12-1-2026 | 245000 | &nbsp;&nbsp; 245181 |
| &nbsp;&nbsp;&nbsp; Tempe IDA Life Care Village Obligated Group Series A | 4.00 | &nbsp;&nbsp; 12-1-2027 | 350000 | &nbsp;&nbsp; 350994 |
|  |  |  |  | &nbsp;&nbsp; **1783247** |
| **Housing revenue: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Arizona IDA State of Nebraska | 5.00 | &nbsp;&nbsp; 2-1-2027 | 1255000 | &nbsp;&nbsp; 1297987 |
| &nbsp;&nbsp;&nbsp; Arizona IDA State of Nebraska | 5.00 | &nbsp;&nbsp; 5-1-2027 | 1125000 | &nbsp;&nbsp; 1169244 |
| &nbsp;&nbsp;&nbsp; Arizona IDA State of Nebraska | 5.00 | &nbsp;&nbsp; 8-1-2027 | 1205000 | &nbsp;&nbsp; 1262509 |
| &nbsp;&nbsp;&nbsp; Arizona IDA State of Nebraska | 5.00 | &nbsp;&nbsp; 11-1-2027 | 1000000 | &nbsp;&nbsp; 1053152 |
|  |  |  |  | &nbsp;&nbsp; **4782892** |
| **Industrial development revenue: 0.43%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Chandler IDA Intel Corp. AMTøø | 4.00 | &nbsp;&nbsp; 6-1-2049 | 8000000 | &nbsp;&nbsp; **8166973** |
| **Miscellaneous revenue: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Navajo Nation Series A144A | 5.00 | &nbsp;&nbsp; 12-1-2025 | 1405000 | &nbsp;&nbsp; **1407262** |

---

See accompanying notes to portfolio of investments

2 \| Allspring Strategic Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Resource recovery revenue: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maricopa County IDA Robert & Andrea Van Hofwegen Family LLC <br> (Farm Credit Services Southwest LOC)ø<br>| 2.93<br> %<br>| &nbsp;&nbsp; 8-1-2026 | $2500000 | &nbsp;&nbsp; $**2500000** |
|  |  |  |  | &nbsp;&nbsp; **30086240** |
| **Arkansas: 0.02%** |  |  |  |  |
| **Tax revenue: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Cabot Sales & Use Tax Revenue Series B | 4.00 | &nbsp;&nbsp; 12-1-2029 | 230000 | &nbsp;&nbsp; 239225 |
| &nbsp;&nbsp;&nbsp; City of Cabot Sales & Use Tax Revenue Series B | 4.00 | &nbsp;&nbsp; 12-1-2030 | 125000 | &nbsp;&nbsp; 130027 |
|  |  |  |  | &nbsp;&nbsp; **369252** |
| **California: 6.42%** |  |  |  |  |
| **Education revenue: 0.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority Nova Academy <br> Series A144A<br>| 4.00 | &nbsp;&nbsp; 6-15-2026 | 250000 | &nbsp;&nbsp; 248484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California School Finance Authority Magnolia Educational & <br> Research Foundation144A<br>| 4.40 | &nbsp;&nbsp; 12-1-2026 | 3050000 | &nbsp;&nbsp; 3063685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California School Finance Authority Rocketship Education <br> Obligated Group Series A144A<br>| 4.50 | &nbsp;&nbsp; 6-1-2027 | 250000 | &nbsp;&nbsp; 250667 |
|  |  |  |  | &nbsp;&nbsp; **3562836** |
| **GO revenue: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; San Francisco Unified School District Series F&C | 4.00 | &nbsp;&nbsp; 6-15-2031 | 4000000 | &nbsp;&nbsp; **4002931** |
| **Health revenue: 1.17%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; California HFFA Kaiser Foundation Hospitals Series A-2 | 4.00 | &nbsp;&nbsp; 11-1-2044 | 6000000 | &nbsp;&nbsp; 5556994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California PFA Henry Mayo Newhall Hospital Obligated Group <br> Series A<br>| 4.00 | &nbsp;&nbsp; 10-15-2026 | 415000 | &nbsp;&nbsp; 417424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California PFA Henry Mayo Newhall Hospital Obligated Group <br> Series A<br>| 4.00 | &nbsp;&nbsp; 10-15-2027 | 400000 | &nbsp;&nbsp; 406437 |
| &nbsp;&nbsp;&nbsp; California PFA Kendal at Sonoma Obligated Group Series A144A | 5.00 | &nbsp;&nbsp; 11-15-2036 | 2000000 | &nbsp;&nbsp; 1977422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Statewide CDA CommonSpirit Health Obligated Group <br> Series D (AG Insured)€<br>| 4.00 | &nbsp;&nbsp; 7-1-2041 | 4575000 | &nbsp;&nbsp; 4575000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Statewide CDA CommonSpirit Health Obligated Group <br> Series E (AG Insured)€<br>| 6.00 | &nbsp;&nbsp; 7-1-2040 | 4050000 | &nbsp;&nbsp; 4050000 |
| &nbsp;&nbsp;&nbsp; California Statewide CDA Series A144A | 5.00 | &nbsp;&nbsp; 10-1-2028 | 5000000 | &nbsp;&nbsp; 5365320 |
|  |  |  |  | &nbsp;&nbsp; **22348597** |
| **Housing revenue: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; California Housing Finance Agency Class A Series 2 | 4.00 | &nbsp;&nbsp; 3-20-2033 | 1287699 | &nbsp;&nbsp; 1313826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority CHF - Davis II LLC (BAM <br> Insured)<br>| 5.00 | &nbsp;&nbsp; 5-15-2026 | 400000 | &nbsp;&nbsp; 405115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority CHF - Davis II LLC (BAM <br> Insured)<br>| 5.00 | &nbsp;&nbsp; 5-15-2027 | 500000 | &nbsp;&nbsp; 518324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Municipal Finance Authority CHF - Davis II LLC (BAM <br> Insured)<br>| 5.00 | &nbsp;&nbsp; 5-15-2028 | 400000 | &nbsp;&nbsp; 422789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PFA Class A Series 2025-VRS212 (Bank of America N.A. LOC, Bank of <br> America N.A. LIQ)144Aø<br>| 3.60 | &nbsp;&nbsp; 2-1-2055 | 5000000 | &nbsp;&nbsp; 5000000 |
|  |  |  |  | &nbsp;&nbsp; **7660054** |

---

See accompanying notes to portfolio of investments

Allspring Strategic Municipal Bond Fund \| 3

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Miscellaneous revenue: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Independent Cities Finance Authority City of Compton Sales Tax <br> Revenue (AG Insured)144A<br>| 4.00<br> %<br>| &nbsp;&nbsp; 6-1-2026 | $350000 | &nbsp;&nbsp; **$352036** |
| **Tax revenue: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Riverside County PFA Project Area No. 1 Series A (BAM Insured) | 5.00 | &nbsp;&nbsp; 10-1-2026 | 1250000 | &nbsp;&nbsp; **1252391** |
| **Transportation revenue: 0.93%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bay Area Toll Authority Series B (Barclays Bank plc LOC)ø | 3.00 | &nbsp;&nbsp; 4-1-2055 | 2000000 | &nbsp;&nbsp; 2000000 |
| &nbsp;&nbsp;&nbsp; Bay Area Toll Authority Series C (SIFMA Municipal Swap+0.45%)± | 3.34 | &nbsp;&nbsp; 4-1-2056 | 2000000 | &nbsp;&nbsp; 1989840 |
| &nbsp;&nbsp;&nbsp; Bay Area Toll Authority Series D (SIFMA Municipal Swap+0.30%)± | 3.19 | &nbsp;&nbsp; 4-1-2056 | 14000000 | &nbsp;&nbsp; 13720500 |
|  |  |  |  | &nbsp;&nbsp; **17710340** |
| **Utilities revenue: 3.44%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; California Community Choice Financing Authority Series 2024Høø | 5.00 | &nbsp;&nbsp; 1-1-2056 | 10000000 | &nbsp;&nbsp; 11156308 |
| &nbsp;&nbsp;&nbsp; California Community Choice Financing Authority Series B-1øø | 4.00 | &nbsp;&nbsp; 2-1-2052 | 5590000 | &nbsp;&nbsp; 5729545 |
| &nbsp;&nbsp;&nbsp; California Community Choice Financing Authority Series Cøø | 5.25 | &nbsp;&nbsp; 1-1-2054 | 15000000 | &nbsp;&nbsp; 16003683 |
| &nbsp;&nbsp;&nbsp; Central Valley Energy Authorityøø | 5.00 | &nbsp;&nbsp; 12-1-2055 | 10000000 | &nbsp;&nbsp; 10949335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Los Angeles Department of Water & Power System Revenue <br> Series F-1 (JPMorgan Chase Bank N.A. SPA)ø<br>| 3.25 | &nbsp;&nbsp; 7-1-2048 | 10000000 | &nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Los Angeles Department of Water & Power System Revenue <br> Series F-2 (JPMorgan Chase Bank N.A. SPA)ø<br>| 3.00 | &nbsp;&nbsp; 7-1-2047 | 5000000 | &nbsp;&nbsp; 5000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southern California Public Power Authority Anaheim Electric <br> System Revenue Series Aøø<br>| 5.00 | &nbsp;&nbsp; 4-1-2055 | 6240000 | &nbsp;&nbsp; 6712808 |
|  |  |  |  | &nbsp;&nbsp; **65551679** |
|  |  |  |  | &nbsp;&nbsp; **122440864** |
| **Colorado: 1.38%** |  |  |  |  |
| **Airport revenue: 0.29%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City & County of Denver Airport System Revenue Series A AMT | 5.00 | &nbsp;&nbsp; 12-1-2030 | 5000000 | &nbsp;&nbsp; **5480292** |
| **Education revenue: 0.01%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Colorado ECFA New Summit Academy Series A144A | 4.00 | &nbsp;&nbsp; 7-1-2031 | 305000 | &nbsp;&nbsp; **295228** |
| **GO revenue: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aerotropolis Regional Transportation Authority144A | 5.50 | &nbsp;&nbsp; 12-1-2044 | 2000000 | &nbsp;&nbsp; 1954921 |
| &nbsp;&nbsp;&nbsp; Aviation Station North Metropolitan District No. 2 Series A | 4.00 | &nbsp;&nbsp; 12-1-2029 | 499000 | &nbsp;&nbsp; 499208 |
| &nbsp;&nbsp;&nbsp; Grand River Hospital District (AG Insured) | 5.00 | &nbsp;&nbsp; 12-1-2025 | 1000000 | &nbsp;&nbsp; 1002901 |
| &nbsp;&nbsp;&nbsp; Peak Metropolitan District No. 1 Series A144A | 4.00 | &nbsp;&nbsp; 12-1-2035 | 500000 | &nbsp;&nbsp; 443542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sterling Ranch Community Authority Board Colorado Metropolitan <br> District No. 2 Series A<br>| 3.38 | &nbsp;&nbsp; 12-1-2030 | 416000 | &nbsp;&nbsp; 406000 |
| &nbsp;&nbsp;&nbsp; Thompson Crossing Metropolitan District No. 4 | 3.50 | &nbsp;&nbsp; 12-1-2029 | 514000 | &nbsp;&nbsp; 506032 |
|  |  |  |  | &nbsp;&nbsp; **4812604** |
| **Health revenue: 0.29%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado Health Facilities Authority AdventHealth Obligated Group <br> Series A<br>| 4.00 | &nbsp;&nbsp; 11-15-2043 | 6000000 | &nbsp;&nbsp; **5473789** |
| **Miscellaneous revenue: 0.30%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; State of Colorado Series N COP | 4.00 | &nbsp;&nbsp; 3-15-2043 | 6000000 | &nbsp;&nbsp; **5756336** |

---

See accompanying notes to portfolio of investments

4 \| Allspring Strategic Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Tax revenue: 0.01%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Pueblo Urban Renewal Authority Evraz Project Series B CAB144A¤ | 0.00<br> %<br>| &nbsp;&nbsp; 12-1-2025 | $200000 | &nbsp;&nbsp; **$198296** |
| **Utilities revenue: 0.23%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Colorado Springs Utilities System Revenue Series B <br> (Barclays Bank plc SPA)ø<br>| 3.12 | &nbsp;&nbsp; 11-1-2036 | 1330000 | &nbsp;&nbsp; 1330000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Colorado Springs Utilities System Revenue Series C (TD <br> Bank N.A. SPA)ø<br>| 2.87 | &nbsp;&nbsp; 11-1-2040 | 3000000 | &nbsp;&nbsp; 3000000 |
|  |  |  |  | &nbsp;&nbsp; **4330000** |
|  |  |  |  | &nbsp;&nbsp; **26346545** |
| **Connecticut: 1.75%** |  |  |  |  |
| **Education revenue: 0.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Connecticut State HEFA University of Hartford Series N | 5.00 | &nbsp;&nbsp; 7-1-2026 | 575000 | &nbsp;&nbsp; 577643 |
| &nbsp;&nbsp;&nbsp; Connecticut State HEFA University of Hartford Series N | 5.00 | &nbsp;&nbsp; 7-1-2027 | 430000 | &nbsp;&nbsp; 435047 |
| &nbsp;&nbsp;&nbsp; Connecticut State HEFA University of Hartford Series N | 5.00 | &nbsp;&nbsp; 7-1-2028 | 530000 | &nbsp;&nbsp; 540036 |
| &nbsp;&nbsp;&nbsp; Connecticut State HEFA Yale University Series A-2øø | 2.00 | &nbsp;&nbsp; 7-1-2042 | 1500000 | &nbsp;&nbsp; 1490167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut State Higher Education Supplement Loan Authority <br> Series B AMT<br>| 5.00 | &nbsp;&nbsp; 11-15-2026 | 940000 | &nbsp;&nbsp; 957181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut State Higher Education Supplement Loan Authority <br> Series B AMT<br>| 5.00 | &nbsp;&nbsp; 11-15-2027 | 365000 | &nbsp;&nbsp; 376326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut State Higher Education Supplement Loan Authority <br> Series C<br>| 5.00 | &nbsp;&nbsp; 11-15-2025 | 480000 | &nbsp;&nbsp; 481356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut State Higher Education Supplement Loan Authority <br> Series C<br>| 5.00 | &nbsp;&nbsp; 11-15-2027 | 125000 | &nbsp;&nbsp; 128548 |
|  |  |  |  | &nbsp;&nbsp; **4986304** |
| **GO revenue: 0.23%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Bridgeport Series A | 5.00 | &nbsp;&nbsp; 6-1-2026 | 1220000 | &nbsp;&nbsp; 1239383 |
| &nbsp;&nbsp;&nbsp; City of Bridgeport Series A | 5.00 | &nbsp;&nbsp; 6-1-2027 | 1425000 | &nbsp;&nbsp; 1484173 |
| &nbsp;&nbsp;&nbsp; City of Bridgeport Series A | 5.00 | &nbsp;&nbsp; 6-1-2028 | 1605000 | &nbsp;&nbsp; 1702694 |
|  |  |  |  | &nbsp;&nbsp; **4426250** |
| **Health revenue: 0.58%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut State HEFA Hartford HealthCare Obligated Group <br> Series B-2øø<br>| 5.00 | &nbsp;&nbsp; 7-1-2053 | 7800000 | &nbsp;&nbsp; 7986130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stamford Housing Authority TJH Senior Living LLC Obligated Group <br> Series 2025D<br>| 4.25 | &nbsp;&nbsp; 10-1-2030 | 3000000 | &nbsp;&nbsp; 3038909 |
|  |  |  |  | &nbsp;&nbsp; **11025039** |
| **Housing revenue: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Connecticut HFA Series E-3 (State Street Bank & Trust Co. SPA)ø | 3.10 | &nbsp;&nbsp; 11-15-2050 | 1000000 | &nbsp;&nbsp; **1000000** |
| **Tax revenue: 0.63%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; State of Connecticut Special Tax Revenue Series A | 5.00 | &nbsp;&nbsp; 8-1-2029 | 11315000 | &nbsp;&nbsp; 11336634 |
| &nbsp;&nbsp;&nbsp; State of Connecticut Special Tax Revenue Series A | 5.00 | &nbsp;&nbsp; 8-1-2034 | 660000 | &nbsp;&nbsp; 660872 |
|  |  |  |  | &nbsp;&nbsp; **11997506** |
|  |  |  |  | &nbsp;&nbsp; **33435099** |

---

See accompanying notes to portfolio of investments

Allspring Strategic Municipal Bond Fund \| 5

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **District of Columbia: 0.40%** |  |  |  |  |
| **Airport revenue: 0.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington Airports Authority Aviation Revenue <br> Series A AMT<br>| 5.00<br> %<br>| &nbsp;&nbsp; 10-1-2034 | $2000000 | &nbsp;&nbsp; $2209601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington Airports Authority Aviation Revenue <br> Series A AMT<br>| 5.00 | &nbsp;&nbsp; 10-1-2040 | 1355000 | &nbsp;&nbsp; 1426906 |
|  |  |  |  | &nbsp;&nbsp; **3636507** |
| **Education revenue: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; District of Columbia Latin American Montessori Bilingual Public <br> Charter School Obligated Group<br>| 4.00 | &nbsp;&nbsp; 6-1-2030 | 740000 | &nbsp;&nbsp; 735913 |
| &nbsp;&nbsp;&nbsp; District of Columbia Two Rivers Public Charter School, Inc. | 3.00 | &nbsp;&nbsp; 6-1-2030 | 805000 | &nbsp;&nbsp; 780754 |
|  |  |  |  | &nbsp;&nbsp; **1516667** |
| **Transportation revenue: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series 2024-<br> XF1716 (Bank of America N.A. LIQ)144Aø<br>| 2.94 | &nbsp;&nbsp; 7-15-2059 | 2500000 | &nbsp;&nbsp; **2500000** |
|  |  |  |  | &nbsp;&nbsp; **7653174** |
| **Florida: 5.07%** |  |  |  |  |
| **Airport revenue: 0.33%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Lee Airport Revenue AMT | 5.25 | &nbsp;&nbsp; 10-1-2041 | 6000000 | &nbsp;&nbsp; **6378110** |
| **Education revenue: 0.76%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Projects Finance Authority Navigator Academy of <br> Leadership, Inc. Obligated Group144A<br>| 5.00 | &nbsp;&nbsp; 6-15-2034 | 780000 | &nbsp;&nbsp; 792836 |
| &nbsp;&nbsp;&nbsp; Capital Trust Agency, Inc. Imagine-Pasco County LLC Series A144A | 3.00 | &nbsp;&nbsp; 12-15-2029 | 255000 | &nbsp;&nbsp; 239807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Trust Agency, Inc. Renaissance Charter School, Inc. <br> Series 2017 Obligated Group Series A144A<br>| 4.38 | &nbsp;&nbsp; 6-15-2027 | 380000 | &nbsp;&nbsp; 379757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Trust Agency, Inc. Renaissance Charter School, Inc. <br> Series 2019 Obligated Group Series A144A<br>| 4.00 | &nbsp;&nbsp; 6-15-2029 | 1445000 | &nbsp;&nbsp; 1423450 |
| &nbsp;&nbsp;&nbsp; Capital Trust Authority IDEA Florida, Inc. Series A144A | 5.13 | &nbsp;&nbsp; 6-15-2033 | 3000000 | &nbsp;&nbsp; 3103117 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Trust Authority Independence Classical Academy Obligated <br> Group Series A144A<br>| 7.00 | &nbsp;&nbsp; 6-15-2044 | 1000000 | &nbsp;&nbsp; 1003646 |
| &nbsp;&nbsp;&nbsp; Florida Development Finance Corp. IDEA Florida, Inc.144A | 5.25 | &nbsp;&nbsp; 6-15-2029 | 2200000 | &nbsp;&nbsp; 2209450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida Development Finance Corp. Renaissance Charter School, <br> Inc. Series 2020C/D Obligated Group Series C144A<br>| 4.00 | &nbsp;&nbsp; 9-15-2030 | 470000 | &nbsp;&nbsp; 457650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida Higher Educational Facilities Financing Authority Institute of <br> Technology, Inc.<br>| 5.00 | &nbsp;&nbsp; 10-1-2027 | 650000 | &nbsp;&nbsp; 672010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida Higher Educational Facilities Financing Authority Institute of <br> Technology, Inc.<br>| 5.00 | &nbsp;&nbsp; 10-1-2028 | 1050000 | &nbsp;&nbsp; 1101372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida Higher Educational Facilities Financing Authority Institute of <br> Technology, Inc.<br>| 5.00 | &nbsp;&nbsp; 10-1-2029 | 1000000 | &nbsp;&nbsp; 1062710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palm Beach County Educational Facilities Authority Atlantic <br> University Obligated Group<br>| 4.00 | &nbsp;&nbsp; 10-1-2029 | 420000 | &nbsp;&nbsp; 425064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palm Beach County Educational Facilities Authority Atlantic <br> University Obligated Group<br>| 4.00 | &nbsp;&nbsp; 10-1-2030 | 870000 | &nbsp;&nbsp; 881188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palm Beach County Educational Facilities Authority Atlantic <br> University Obligated Group<br>| 4.00 | &nbsp;&nbsp; 10-1-2031 | 660000 | &nbsp;&nbsp; 665228 |
|  |  |  |  | &nbsp;&nbsp; **14417285** |

---

See accompanying notes to portfolio of investments

6 \| Allspring Strategic Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **GO revenue: 0.65%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Miami-Dade Series A | 4.00<br> %<br>| &nbsp;&nbsp; 7-1-2042 | $12605000 | &nbsp;&nbsp; **$12412879** |
| **Health revenue: 1.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of South Miami Health Facilities Authority, Inc. Baptist Health <br> South Florida Obligated Group Series Bøø<br>| 5.00 | &nbsp;&nbsp; 8-15-2065 | 2000000 | &nbsp;&nbsp; 2197926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida Local Government Finance Commission Ponte Vedra Pine <br> Co. LLC Obligated Group Series B-3144A<br>| 4.20 | &nbsp;&nbsp; 11-15-2030 | 2000000 | &nbsp;&nbsp; 2013905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highlands County Health Facilities Authority AdventHealth <br> Obligated Group Series I-4ø<br>| 2.90 | &nbsp;&nbsp; 11-15-2034 | 10415000 | &nbsp;&nbsp; 10415000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hillsborough County IDA BayCare Obligated Group Series C (TD <br> Bank N.A. LOC)ø<br>| 2.80 | &nbsp;&nbsp; 11-1-2038 | 900000 | &nbsp;&nbsp; 900000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Martin County Health Facilities Authority Cleveland Clinic Health <br> System Obligated Group Series A<br>| 4.00 | &nbsp;&nbsp; 1-1-2046 | 3000000 | &nbsp;&nbsp; 2721771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Johns County IDA Life Care Ponte Vedra Obligated Group <br> Series A<br>| 4.00 | &nbsp;&nbsp; 12-15-2029 | 225000 | &nbsp;&nbsp; 221857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Johns County IDA Life Care Ponte Vedra Obligated Group <br> Series A<br>| 4.00 | &nbsp;&nbsp; 12-15-2030 | 200000 | &nbsp;&nbsp; 196524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Johns County IDA Life Care Ponte Vedra Obligated Group <br> Series A<br>| 4.00 | &nbsp;&nbsp; 12-15-2031 | 205000 | &nbsp;&nbsp; 199935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Johns County IDA Life Care Ponte Vedra Obligated Group <br> Series A<br>| 4.00 | &nbsp;&nbsp; 12-15-2036 | 1000000 | &nbsp;&nbsp; 918538 |
|  |  |  |  | &nbsp;&nbsp; **19785456** |
| **Industrial development revenue: 0.45%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Florida Development Finance Corp. Waste Pro USA, Inc. AMT | 3.00 | &nbsp;&nbsp; 6-1-2032 | 1500000 | &nbsp;&nbsp; 1368781 |
| &nbsp;&nbsp;&nbsp; Florida Development Finance Corp. Waste Pro USA, Inc. AMT144A | 5.00 | &nbsp;&nbsp; 5-1-2029 | 2000000 | &nbsp;&nbsp; 2026348 |
| &nbsp;&nbsp;&nbsp; Florida Development Finance Corp. Waste Pro USA, Inc. AMT144A | 5.25 | &nbsp;&nbsp; 8-1-2029 | 5000000 | &nbsp;&nbsp; 5198758 |
|  |  |  |  | &nbsp;&nbsp; **8593887** |
| **Miscellaneous revenue: 0.22%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Pasco State of Florida Cigarette Tax Revenue Series A <br> (AG Insured)<br>| 5.25 | &nbsp;&nbsp; 9-1-2036 | 600000 | &nbsp;&nbsp; 665077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Pasco State of Florida Cigarette Tax Revenue Series A <br> (AG Insured)<br>| 5.50 | &nbsp;&nbsp; 9-1-2038 | 725000 | &nbsp;&nbsp; 801367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pinellas County IDA Drs. Kiran & Pallavi Patel 2017 Foundation for <br> Global Understanding, Inc.<br>| 5.00 | &nbsp;&nbsp; 7-1-2029 | 485000 | &nbsp;&nbsp; 494978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village Community Development District No. 15 Series 2023 Phase I <br> Special Assessment144A<br>| 4.38 | &nbsp;&nbsp; 5-1-2033 | 990000 | &nbsp;&nbsp; 1019702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village Community Development District No. 15 Series 2024 <br> Special Assessment144A<br>| 4.00 | &nbsp;&nbsp; 5-1-2034 | 1250000 | &nbsp;&nbsp; 1253789 |
|  |  |  |  | &nbsp;&nbsp; **4234913** |
| **Resource recovery revenue: 0.44%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida Development Finance Corp. GFL Solid Waste Southeast LLC <br> Series A AMT144Aøø<br>| 4.38 | &nbsp;&nbsp; 10-1-2054 | 2000000 | &nbsp;&nbsp; 2018989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida Development Finance Corp. Waste Management, Inc. <br> Series A AMTøø<br>| 3.40 | &nbsp;&nbsp; 9-1-2050 | 6400000 | &nbsp;&nbsp; 6397636 |
|  |  |  |  | &nbsp;&nbsp; **8416625** |

---

See accompanying notes to portfolio of investments

Allspring Strategic Municipal Bond Fund \| 7

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Transportation revenue: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Osceola Transportation Revenue Series A-1 | 5.00<br> %<br>| &nbsp;&nbsp; 10-1-2027 | $950000 | &nbsp;&nbsp; $981701 |
| &nbsp;&nbsp;&nbsp; County of Osceola Transportation Revenue Series A-1 | 5.00 | &nbsp;&nbsp; 10-1-2029 | 450000 | &nbsp;&nbsp; 478003 |
|  |  |  |  | &nbsp;&nbsp; **1459704** |
| **Water & sewer revenue: 1.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Charlotte County IDA MSKP Town & Country Utility LLC AMT | 5.13 | &nbsp;&nbsp; 10-1-2035 | 300000 | &nbsp;&nbsp; 306410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charlotte County IDA MSKP Town & Country Utility LLC Series A <br> AMT144A<br>| 4.00 | &nbsp;&nbsp; 10-1-2041 | 1250000 | &nbsp;&nbsp; 1133298 |
| &nbsp;&nbsp;&nbsp; North Sumter County Utility Dependent District (AG Insured) | 5.00 | &nbsp;&nbsp; 10-1-2029 | 1055000 | &nbsp;&nbsp; 1141021 |
| &nbsp;&nbsp;&nbsp; North Sumter County Utility Dependent District (AG Insured) | 5.00 | &nbsp;&nbsp; 10-1-2030 | 1760000 | &nbsp;&nbsp; 1934976 |
| &nbsp;&nbsp;&nbsp; North Sumter County Utility Dependent District (AG Insured) | 5.00 | &nbsp;&nbsp; 10-1-2031 | 1980000 | &nbsp;&nbsp; 2199690 |
| &nbsp;&nbsp;&nbsp; North Sumter County Utility Dependent District (AG Insured) | 5.00 | &nbsp;&nbsp; 10-1-2032 | 2080000 | &nbsp;&nbsp; 2320012 |
| &nbsp;&nbsp;&nbsp; Tohopekaliga Water Authority144A | 5.00 | &nbsp;&nbsp; 10-1-2025 | 12000000 | &nbsp;&nbsp; 12000000 |
|  |  |  |  | &nbsp;&nbsp; **21035407** |
|  |  |  |  | &nbsp;&nbsp; **96734266** |
| **Georgia: 4.87%** |  |  |  |  |
| **Education revenue: 0.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senoia Development Authority Georgia Charter Educational <br> Foundation, Inc. Obligated Group Series A144A<br>| 5.75 | &nbsp;&nbsp; 7-1-2034 | 710000 | &nbsp;&nbsp; **707703** |
| **Health revenue: 0.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cobb County Hospital Authority WellStar Health System Obligated <br> Group (Truist Bank LOC)ø<br>| 2.92 | &nbsp;&nbsp; 4-1-2034 | 5300000 | &nbsp;&nbsp; **5300000** |
| **Industrial development revenue: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; George L Smith II Congress Center Authority Signia Hotel <br> Management LLC Series B144A<br>| 3.63 | &nbsp;&nbsp; 1-1-2031 | 2000000 | &nbsp;&nbsp; 1942692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; George L Smith II Congress Center Authority Signia Hotel <br> Management LLC Series B144A<br>| 5.00 | &nbsp;&nbsp; 1-1-2036 | 1750000 | &nbsp;&nbsp; 1772616 |
|  |  |  |  | &nbsp;&nbsp; **3715308** |
| **Tax revenue: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atlanta Development Authority Westside Tax Allocation District <br> Gulch Area Series A144A<br>| 5.00 | &nbsp;&nbsp; 4-1-2034 | 1500000 | &nbsp;&nbsp; 1519272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atlanta Development Authority Westside Tax Allocation District <br> Gulch Area Series A144A<br>| 5.50 | &nbsp;&nbsp; 4-1-2039 | 1000000 | &nbsp;&nbsp; 1014987 |
|  |  |  |  | &nbsp;&nbsp; **2534259** |
| **Utilities revenue: 4.22%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bartow County Development Authority Georgia Power Co.øø | 1.80 | &nbsp;&nbsp; 9-1-2029 | 1000000 | &nbsp;&nbsp; 908558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Board of Water Light & Sinking Fund Commissioners of the City of <br> Dalton<br>| 5.00 | &nbsp;&nbsp; 3-1-2026 | 600000 | &nbsp;&nbsp; 604711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Board of Water Light & Sinking Fund Commissioners of the City of <br> Dalton<br>| 5.00 | &nbsp;&nbsp; 3-1-2027 | 700000 | &nbsp;&nbsp; 720096 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Board of Water Light & Sinking Fund Commissioners of the City of <br> Dalton<br>| 5.00 | &nbsp;&nbsp; 3-1-2028 | 850000 | &nbsp;&nbsp; 893831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Board of Water Light & Sinking Fund Commissioners of the City of <br> Dalton<br>| 5.00 | &nbsp;&nbsp; 3-1-2029 | 1000000 | &nbsp;&nbsp; 1071705 |

---

See accompanying notes to portfolio of investments

8 \| Allspring Strategic Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Utilities revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Board of Water Light & Sinking Fund Commissioners of the City of <br> Dalton<br>| 5.00<br> %<br>| &nbsp;&nbsp; 3-1-2030 | $1100000 | &nbsp;&nbsp; $1199903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Board of Water Light & Sinking Fund Commissioners of the City of <br> Dalton<br>| 5.00 | &nbsp;&nbsp; 3-1-2031 | 1000000 | &nbsp;&nbsp; 1088179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Board of Water Light & Sinking Fund Commissioners of the City of <br> Dalton<br>| 5.00 | &nbsp;&nbsp; 3-1-2032 | 1000000 | &nbsp;&nbsp; 1083029 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc. Series A | 4.00 | &nbsp;&nbsp; 12-1-2028 | 3000000 | &nbsp;&nbsp; 3061034 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc. Series A | 4.00 | &nbsp;&nbsp; 12-1-2029 | 4500000 | &nbsp;&nbsp; 4620173 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc. Series B | 5.00 | &nbsp;&nbsp; 6-1-2028 | 2500000 | &nbsp;&nbsp; 2610553 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc. Series B | 5.00 | &nbsp;&nbsp; 6-1-2029 | 1630000 | &nbsp;&nbsp; 1713716 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc. Series Bøø | 5.00 | &nbsp;&nbsp; 7-1-2053 | 1665000 | &nbsp;&nbsp; 1791407 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc. Series Cøø | 4.00 | &nbsp;&nbsp; 3-1-2050 | 10235000 | &nbsp;&nbsp; 10319974 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc. Series Cøø | 4.00 | &nbsp;&nbsp; 5-1-2052 | 7265000 | &nbsp;&nbsp; 7442398 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc. Series C144Aøø | 4.00 | &nbsp;&nbsp; 8-1-2052 | 28000000 | &nbsp;&nbsp; 28170640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Electric Authority of Georgia Plant Vogtle Units 3&4 <br> Project Series A<br>| 5.00 | &nbsp;&nbsp; 1-1-2027 | 300000 | &nbsp;&nbsp; 309458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Electric Authority of Georgia Plant Vogtle Units 3&4 <br> Project Series A<br>| 5.00 | &nbsp;&nbsp; 1-1-2028 | 400000 | &nbsp;&nbsp; 421502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Electric Authority of Georgia Plant Vogtle Units 3&4 <br> Project Series A<br>| 5.00 | &nbsp;&nbsp; 1-1-2029 | 400000 | &nbsp;&nbsp; 423538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Electric Authority of Georgia Plant Vogtle Units 3&4 <br> Project Series A (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 7-1-2030 | 350000 | &nbsp;&nbsp; 386894 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Electric Authority of Georgia Plant Vogtle Units 3&4 <br> Project Series A (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 7-1-2032 | 1100000 | &nbsp;&nbsp; 1244374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Electric Authority of Georgia Plant Vogtle Units 3&4 <br> Project Series B<br>| 5.00 | &nbsp;&nbsp; 1-1-2028 | 1000000 | &nbsp;&nbsp; 1039049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Electric Authority of Georgia Plant Vogtle Units 3&4 <br> Project Series B<br>| 5.00 | &nbsp;&nbsp; 1-1-2029 | 910000 | &nbsp;&nbsp; 952956 |
| &nbsp;&nbsp;&nbsp; Municipal Electric Authority of Georgia Series A | 5.00 | &nbsp;&nbsp; 1-1-2027 | 2160000 | &nbsp;&nbsp; 2228098 |
| &nbsp;&nbsp;&nbsp; Municipal Electric Authority of Georgia Series A | 5.00 | &nbsp;&nbsp; 1-1-2028 | 2305000 | &nbsp;&nbsp; 2428907 |
| &nbsp;&nbsp;&nbsp; Municipal Electric Authority of Georgia Series A | 5.00 | &nbsp;&nbsp; 1-1-2029 | 1140000 | &nbsp;&nbsp; 1225377 |
| &nbsp;&nbsp;&nbsp; Municipal Electric Authority of Georgia Series A | 5.00 | &nbsp;&nbsp; 1-1-2030 | 1025000 | &nbsp;&nbsp; 1096422 |
| &nbsp;&nbsp;&nbsp; Municipal Electric Authority of Georgia Series A | 5.00 | &nbsp;&nbsp; 1-1-2031 | 1385000 | &nbsp;&nbsp; 1479484 |
|  |  |  |  | &nbsp;&nbsp; **80535966** |
|  |  |  |  | &nbsp;&nbsp; **92793236** |
| **Guam: 0.36%** |  |  |  |  |
| **Airport revenue: 0.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Antonio B Won Pat International Airport Authority Series A AMT | 5.25 | &nbsp;&nbsp; 10-1-2029 | 700000 | &nbsp;&nbsp; **741729** |
| **Miscellaneous revenue: 0.32%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Guam Department of Education Series A COP | 4.25 | &nbsp;&nbsp; 2-1-2030 | 1355000 | &nbsp;&nbsp; 1365286 |
| &nbsp;&nbsp;&nbsp; Territory of Guam Series F | 5.00 | &nbsp;&nbsp; 1-1-2030 | 750000 | &nbsp;&nbsp; 803494 |
| &nbsp;&nbsp;&nbsp; Territory of Guam Series F | 5.00 | &nbsp;&nbsp; 1-1-2031 | 750000 | &nbsp;&nbsp; 814209 |
| &nbsp;&nbsp;&nbsp; Territory of Guam Series G | 5.00 | &nbsp;&nbsp; 1-1-2035 | 1500000 | &nbsp;&nbsp; 1645345 |
| &nbsp;&nbsp;&nbsp; Territory of Guam Series G | 5.00 | &nbsp;&nbsp; 1-1-2036 | 1415000 | &nbsp;&nbsp; 1533814 |
|  |  |  |  | &nbsp;&nbsp; **6162148** |
|  |  |  |  | &nbsp;&nbsp; **6903877** |

---

See accompanying notes to portfolio of investments

Allspring Strategic Municipal Bond Fund \| 9

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Hawaii: 0.27%** |  |  |  |  |
| **Airport revenue: 0.27%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; State of Hawaii Airports System Revenue Series A AMT | 5.00<br> %<br>| &nbsp;&nbsp; 7-1-2043 | $5000000 | &nbsp;&nbsp; $**5057388** |
| **Idaho: 0.22%** |  |  |  |  |
| **Housing revenue: 0.22%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Idaho Housing & Finance Association Series A (GNMA / FNMA / <br> FHLMC Insured)<br>| 6.00 | &nbsp;&nbsp; 7-1-2054 | 3845000 | &nbsp;&nbsp; **4253290** |
| **Illinois: 11.98%** |  |  |  |  |
| **Airport revenue: 0.70%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Chicago O'Hare International Airport Series B | 4.00 | &nbsp;&nbsp; 1-1-2044 | 7000000 | &nbsp;&nbsp; 6466526 |
| &nbsp;&nbsp;&nbsp; Chicago O'Hare International Airport Series C AMT | 5.00 | &nbsp;&nbsp; 1-1-2031 | 530000 | &nbsp;&nbsp; 578731 |
| &nbsp;&nbsp;&nbsp; Chicago O'Hare International Airport Series C AMT | 5.00 | &nbsp;&nbsp; 1-1-2032 | 400000 | &nbsp;&nbsp; 440323 |
| &nbsp;&nbsp;&nbsp; Chicago O'Hare International Airport Series C AMT | 5.00 | &nbsp;&nbsp; 1-1-2033 | 400000 | &nbsp;&nbsp; 437360 |
| &nbsp;&nbsp;&nbsp; Chicago O'Hare International Airport Series C AMT | 5.00 | &nbsp;&nbsp; 1-1-2034 | 325000 | &nbsp;&nbsp; 352939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois Finance Authority Centerpoint Joliet Terminal Railroad LLC <br> AMT144Aøø<br>| 4.80 | &nbsp;&nbsp; 12-1-2043 | 5000000 | &nbsp;&nbsp; 5132302 |
|  |  |  |  | &nbsp;&nbsp; **13408181** |
| **Education revenue: 0.69%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois Finance Authority Acero Charter Schools, Inc. Obligated <br> Group144A<br>| 4.00 | &nbsp;&nbsp; 10-1-2028 | 580000 | &nbsp;&nbsp; 582268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois Finance Authority Acero Charter Schools, Inc. Obligated <br> Group144A<br>| 4.00 | &nbsp;&nbsp; 10-1-2030 | 625000 | &nbsp;&nbsp; 624403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois Finance Authority Acero Charter Schools, Inc. Obligated <br> Group144A<br>| 4.00 | &nbsp;&nbsp; 10-1-2031 | 985000 | &nbsp;&nbsp; 976887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois Finance Authority Acero Charter Schools, Inc. Obligated <br> Group144A<br>| 4.00 | &nbsp;&nbsp; 10-1-2032 | 680000 | &nbsp;&nbsp; 668981 |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority AIM Art in Motion Series A144A | 4.00 | &nbsp;&nbsp; 7-1-2031 | 1445000 | &nbsp;&nbsp; 1291137 |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority AIM Art in Motion Series A144A | 5.00 | &nbsp;&nbsp; 7-1-2041 | 4475000 | &nbsp;&nbsp; 3531993 |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority Bradley University Series C | 5.00 | &nbsp;&nbsp; 8-1-2028 | 1860000 | &nbsp;&nbsp; 1903596 |
| &nbsp;&nbsp;&nbsp; Southern Illinois University Series A (BAM Insured) | 4.00 | &nbsp;&nbsp; 4-1-2028 | 725000 | &nbsp;&nbsp; 744530 |
| &nbsp;&nbsp;&nbsp; Southern Illinois University Series A (BAM Insured) | 5.00 | &nbsp;&nbsp; 4-1-2029 | 675000 | &nbsp;&nbsp; 721335 |
| &nbsp;&nbsp;&nbsp; Southern Illinois University Series A (BAM Insured) | 5.00 | &nbsp;&nbsp; 4-1-2030 | 800000 | &nbsp;&nbsp; 867675 |
| &nbsp;&nbsp;&nbsp; Southern Illinois University Series A (BAM Insured) | 5.00 | &nbsp;&nbsp; 4-1-2031 | 570000 | &nbsp;&nbsp; 626002 |
| &nbsp;&nbsp;&nbsp; Southern Illinois University Series A (BAM Insured) | 5.00 | &nbsp;&nbsp; 4-1-2032 | 500000 | &nbsp;&nbsp; 553487 |
|  |  |  |  | &nbsp;&nbsp; **13092294** |
| **GO revenue: 7.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education Dedicated Capital Improvement Tax | 5.25 | &nbsp;&nbsp; 4-1-2033 | 1375000 | &nbsp;&nbsp; 1515330 |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education Dedicated Capital Improvement Tax | 5.25 | &nbsp;&nbsp; 4-1-2034 | 1625000 | &nbsp;&nbsp; 1778129 |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education Series A | 5.00 | &nbsp;&nbsp; 12-1-2033 | 5300000 | &nbsp;&nbsp; 5403167 |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education Series A | 5.00 | &nbsp;&nbsp; 12-1-2034 | 1500000 | &nbsp;&nbsp; 1521174 |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education Series A | 5.00 | &nbsp;&nbsp; 12-1-2035 | 2560000 | &nbsp;&nbsp; 2576548 |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education Series A | 5.00 | &nbsp;&nbsp; 12-1-2040 | 1500000 | &nbsp;&nbsp; 1459688 |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education Series B | 5.00 | &nbsp;&nbsp; 12-1-2026 | 2000000 | &nbsp;&nbsp; 2026876 |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education Series B | 5.00 | &nbsp;&nbsp; 12-1-2027 | 1625000 | &nbsp;&nbsp; 1664218 |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education Series B | 5.00 | &nbsp;&nbsp; 12-1-2031 | 2500000 | &nbsp;&nbsp; 2589511 |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education Series C | 5.00 | &nbsp;&nbsp; 12-1-2034 | 1945000 | &nbsp;&nbsp; 1957249 |

---

See accompanying notes to portfolio of investments

10 \| Allspring Strategic Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **GO revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education Series C | 5.25<br> %<br>| &nbsp;&nbsp; 12-1-2039 | $5095000 | &nbsp;&nbsp; $5059743 |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education Series H | 5.00 | &nbsp;&nbsp; 12-1-2036 | 4500000 | &nbsp;&nbsp; 4459311 |
| &nbsp;&nbsp;&nbsp; City of Berwyn Series A | 5.00 | &nbsp;&nbsp; 12-1-2028 | 3000000 | &nbsp;&nbsp; 3022378 |
| &nbsp;&nbsp;&nbsp; City of Berwyn Series A | 5.00 | &nbsp;&nbsp; 12-1-2029 | 2345000 | &nbsp;&nbsp; 2361493 |
| &nbsp;&nbsp;&nbsp; City of Chicago Series A | 5.00 | &nbsp;&nbsp; 1-1-2027 | 8000000 | &nbsp;&nbsp; 8134001 |
| &nbsp;&nbsp;&nbsp; City of Chicago Series A | 5.00 | &nbsp;&nbsp; 1-1-2028 | 6125000 | &nbsp;&nbsp; 6334014 |
| &nbsp;&nbsp;&nbsp; City of Chicago Series A | 5.00 | &nbsp;&nbsp; 1-1-2043 | 25000000 | &nbsp;&nbsp; 24225375 |
| &nbsp;&nbsp;&nbsp; City of Chicago Series C | 5.00 | &nbsp;&nbsp; 1-1-2026 | 970000 | &nbsp;&nbsp; 975368 |
| &nbsp;&nbsp;&nbsp; City of Waukegan Series A (AG Insured) | 4.00 | &nbsp;&nbsp; 12-30-2030 | 980000 | &nbsp;&nbsp; 991981 |
| &nbsp;&nbsp;&nbsp; City of Waukegan Series A (AG Insured) | 5.00 | &nbsp;&nbsp; 12-30-2031 | 1000000 | &nbsp;&nbsp; 1001147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cook County Community Consolidated School District No. <br> 15 Palatine<br>| 5.00 | &nbsp;&nbsp; 12-1-2026 | 2540000 | &nbsp;&nbsp; 2549678 |
| &nbsp;&nbsp;&nbsp; Cook County School District No. 162 Matteson (BAM Insured) | 5.00 | &nbsp;&nbsp; 12-1-2044 | 1695000 | &nbsp;&nbsp; 1768952 |
| &nbsp;&nbsp;&nbsp; Cook County School District No. 99 Cicero | 5.00 | &nbsp;&nbsp; 12-1-2025 | 1000000 | &nbsp;&nbsp; 1003478 |
| &nbsp;&nbsp;&nbsp; Cook County School District No. 99 Cicero (BAM Insured) | 5.00 | &nbsp;&nbsp; 12-1-2026 | 3030000 | &nbsp;&nbsp; 3111184 |
| &nbsp;&nbsp;&nbsp; Cook County School District No. 99 Cicero (BAM Insured) | 5.00 | &nbsp;&nbsp; 12-1-2027 | 2950000 | &nbsp;&nbsp; 3096292 |
| &nbsp;&nbsp;&nbsp; Cook County School District No. 99 Cicero (BAM Insured) | 5.00 | &nbsp;&nbsp; 12-1-2028 | 2285000 | &nbsp;&nbsp; 2448174 |
| &nbsp;&nbsp;&nbsp; County of Cook Series A | 5.00 | &nbsp;&nbsp; 11-15-2027 | 2000000 | &nbsp;&nbsp; 2099338 |
| &nbsp;&nbsp;&nbsp; County of Cook Series A | 5.00 | &nbsp;&nbsp; 11-15-2030 | 2200000 | &nbsp;&nbsp; 2245044 |
| &nbsp;&nbsp;&nbsp; County of Cook Series A | 5.00 | &nbsp;&nbsp; 11-15-2033 | 3850000 | &nbsp;&nbsp; 4188155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison-Macoupin etc. Counties Community College District No. <br> 536 Series A (BAM Insured)<br>| 5.00 | &nbsp;&nbsp; 11-1-2025 | 1620000 | &nbsp;&nbsp; 1622748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison-Macoupin etc. Counties Community College District No. <br> 536 Series A (BAM Insured)<br>| 5.00 | &nbsp;&nbsp; 11-1-2026 | 1410000 | &nbsp;&nbsp; 1412163 |
| &nbsp;&nbsp;&nbsp; Peoria City School District No. 150 Series A (AG Insured) | 4.00 | &nbsp;&nbsp; 12-1-2028 | 950000 | &nbsp;&nbsp; 966016 |
| &nbsp;&nbsp;&nbsp; Peoria City School District No. 150 Series A (AG Insured) | 4.00 | &nbsp;&nbsp; 12-1-2029 | 4000000 | &nbsp;&nbsp; 4067853 |
| &nbsp;&nbsp;&nbsp; State of Illinois | 5.00 | &nbsp;&nbsp; 11-1-2025 | 5000000 | &nbsp;&nbsp; 5009525 |
| &nbsp;&nbsp;&nbsp; State of Illinois | 5.00 | &nbsp;&nbsp; 2-1-2026 | 2000000 | &nbsp;&nbsp; 2015366 |
| &nbsp;&nbsp;&nbsp; State of Illinois Series A | 5.00 | &nbsp;&nbsp; 10-1-2026 | 3000000 | &nbsp;&nbsp; 3069045 |
| &nbsp;&nbsp;&nbsp; State of Illinois Series A | 5.00 | &nbsp;&nbsp; 12-1-2035 | 650000 | &nbsp;&nbsp; 667727 |
| &nbsp;&nbsp;&nbsp; State of Illinois Series B | 5.00 | &nbsp;&nbsp; 5-1-2037 | 5000000 | &nbsp;&nbsp; 5346766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Will County Community High School District No. 210 Lincoln-Way <br> CAB (AG Insured)¤<br>| 0.00 | &nbsp;&nbsp; 1-1-2026 | 8695000 | &nbsp;&nbsp; 8619865 |
|  |  |  |  | &nbsp;&nbsp; **134364070** |
| **Health revenue: 0.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois Finance Authority Advocate Aurora Health Obligated Group <br> Series 2008 A-2<br>| 4.00 | &nbsp;&nbsp; 11-1-2030 | 1995000 | &nbsp;&nbsp; 2035544 |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority Ascension Health Credit Group Series C | 4.00 | &nbsp;&nbsp; 2-15-2041 | 160000 | &nbsp;&nbsp; 162317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois Finance Authority Lutheran Life Communities Obligated <br> Group Series A<br>| 4.00 | &nbsp;&nbsp; 11-1-2024 | 420000 | &nbsp;&nbsp; 281400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois Finance Authority Washington & Jane Smith Community - <br> Orland Park<br>| 4.00 | &nbsp;&nbsp; 10-15-2025 | 295000 | &nbsp;&nbsp; 294880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois Finance Authority Washington & Jane Smith Community - <br> Orland Park<br>| 4.00 | &nbsp;&nbsp; 10-15-2028 | 670000 | &nbsp;&nbsp; 659508 |
|  |  |  |  | &nbsp;&nbsp; **3433649** |

---

See accompanying notes to portfolio of investments

Allspring Strategic Municipal Bond Fund \| 11

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Housing revenue: 0.75%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Illinois Housing Development Authority Series C | 2.90<br> %<br>| &nbsp;&nbsp; 8-1-2031 | $1000000 | &nbsp;&nbsp; $978891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois Housing Development Authority Series D (GNMA / FNMA / <br> FHLMC Insured) (Bank of Montreal SPA)ø<br>| 2.90 | &nbsp;&nbsp; 4-1-2045 | 2200000 | &nbsp;&nbsp; 2200000 |
| &nbsp;&nbsp;&nbsp; Illinois Sports Facilities Authority | 5.00 | &nbsp;&nbsp; 6-15-2028 | 1000000 | &nbsp;&nbsp; 1035612 |
| &nbsp;&nbsp;&nbsp; Illinois Sports Facilities Authority (BAM Insured) | 5.00 | &nbsp;&nbsp; 6-15-2028 | 3015000 | &nbsp;&nbsp; 3172001 |
| &nbsp;&nbsp;&nbsp; Illinois Sports Facilities Authority (BAM Insured) | 5.00 | &nbsp;&nbsp; 6-15-2030 | 5250000 | &nbsp;&nbsp; 5625567 |
| &nbsp;&nbsp;&nbsp; Northern Illinois University (BAM Insured) | 5.00 | &nbsp;&nbsp; 10-1-2027 | 350000 | &nbsp;&nbsp; 363298 |
| &nbsp;&nbsp;&nbsp; Northern Illinois University (BAM Insured) | 5.00 | &nbsp;&nbsp; 10-1-2029 | 650000 | &nbsp;&nbsp; 695195 |
| &nbsp;&nbsp;&nbsp; Northern Illinois University (BAM Insured) | 5.00 | &nbsp;&nbsp; 10-1-2030 | 325000 | &nbsp;&nbsp; 351694 |
|  |  |  |  | &nbsp;&nbsp; **14422258** |
| **Miscellaneous revenue: 0.64%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Chicago Lakeshore East Special Assessment Area144A | 3.20 | &nbsp;&nbsp; 12-1-2029 | 300000 | &nbsp;&nbsp; 290797 |
| &nbsp;&nbsp;&nbsp; City of Chicago Lakeshore East Special Assessment Area144A | 3.29 | &nbsp;&nbsp; 12-1-2030 | 325000 | &nbsp;&nbsp; 314427 |
| &nbsp;&nbsp;&nbsp; City of Chicago Lakeshore East Special Assessment Area144A | 3.38 | &nbsp;&nbsp; 12-1-2031 | 348000 | &nbsp;&nbsp; 333975 |
| &nbsp;&nbsp;&nbsp; City of Chicago Lakeshore East Special Assessment Area144A | 3.45 | &nbsp;&nbsp; 12-1-2032 | 275000 | &nbsp;&nbsp; 262161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois Finance Authority Field Museum of Natural History <br> (U.S. SOFR+1.15%)±<br>| 4.06 | &nbsp;&nbsp; 11-1-2034 | 4000000 | &nbsp;&nbsp; 3996201 |
| &nbsp;&nbsp;&nbsp; Illinois Sports Facilities Authority CAB (Ambac Insured)¤ | 0.00 | &nbsp;&nbsp; 6-15-2026 | 1740000 | &nbsp;&nbsp; 1698782 |
| &nbsp;&nbsp;&nbsp; Northern Illinois University COP (BAM Insured) | 5.00 | &nbsp;&nbsp; 4-1-2033 | 815000 | &nbsp;&nbsp; 891709 |
| &nbsp;&nbsp;&nbsp; Northern Illinois University COP (BAM Insured) | 5.00 | &nbsp;&nbsp; 4-1-2034 | 735000 | &nbsp;&nbsp; 803965 |
| &nbsp;&nbsp;&nbsp; Northern Illinois University COP (BAM Insured) | 5.00 | &nbsp;&nbsp; 4-1-2035 | 825000 | &nbsp;&nbsp; 894319 |
| &nbsp;&nbsp;&nbsp; Northern Illinois University COP (BAM Insured) | 5.00 | &nbsp;&nbsp; 4-1-2036 | 500000 | &nbsp;&nbsp; 538738 |
| &nbsp;&nbsp;&nbsp; Northern Illinois University COP (BAM Insured) | 5.00 | &nbsp;&nbsp; 4-1-2037 | 600000 | &nbsp;&nbsp; 641434 |
| &nbsp;&nbsp;&nbsp; Northern Illinois University COP (BAM Insured) | 5.00 | &nbsp;&nbsp; 4-1-2038 | 670000 | &nbsp;&nbsp; 710532 |
| &nbsp;&nbsp;&nbsp; Northern Illinois University COP (BAM Insured) | 5.00 | &nbsp;&nbsp; 4-1-2039 | 750000 | &nbsp;&nbsp; 789199 |
|  |  |  |  | &nbsp;&nbsp; **12166239** |
| **Tax revenue: 1.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Cook Sales Tax Revenue | 5.00 | &nbsp;&nbsp; 11-15-2029 | 1000000 | &nbsp;&nbsp; 1049559 |
| &nbsp;&nbsp;&nbsp; County of Cook Sales Tax Revenue Series A | 5.00 | &nbsp;&nbsp; 11-15-2029 | 675000 | &nbsp;&nbsp; 735886 |
| &nbsp;&nbsp;&nbsp; County of Cook Sales Tax Revenue Series A | 5.00 | &nbsp;&nbsp; 11-15-2030 | 3575000 | &nbsp;&nbsp; 3962532 |
| &nbsp;&nbsp;&nbsp; County of Cook Sales Tax Revenue Series A | 5.00 | &nbsp;&nbsp; 11-15-2031 | 2250000 | &nbsp;&nbsp; 2510301 |
| &nbsp;&nbsp;&nbsp; Illinois Sports Facilities Authority (AG Insured) | 5.25 | &nbsp;&nbsp; 6-15-2032 | 5000000 | &nbsp;&nbsp; 5009626 |
| &nbsp;&nbsp;&nbsp; Sales Tax Securitization Corp. Series A | 5.00 | &nbsp;&nbsp; 1-1-2026 | 4815000 | &nbsp;&nbsp; 4838742 |
| &nbsp;&nbsp;&nbsp; Sales Tax Securitization Corp. Series A | 5.00 | &nbsp;&nbsp; 1-1-2027 | 1000000 | &nbsp;&nbsp; 1026906 |
| &nbsp;&nbsp;&nbsp; Sales Tax Securitization Corp. Series A | 5.00 | &nbsp;&nbsp; 1-1-2028 | 5000000 | &nbsp;&nbsp; 5251683 |
|  |  |  |  | &nbsp;&nbsp; **24385235** |
| **Utilities revenue: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Northern Illinois Municipal Power Agency Series A | 4.00 | &nbsp;&nbsp; 12-1-2032 | 3000000 | &nbsp;&nbsp; **3021653** |
| **Water & sewer revenue: 0.53%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Chicago Wastewater Transmission Revenue Series A (BAM <br> Insured)<br>| 5.00 | &nbsp;&nbsp; 1-1-2042 | 1500000 | &nbsp;&nbsp; 1578081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Chicago Wastewater Transmission Revenue Series B (AG <br> Insured)<br>| 5.00 | &nbsp;&nbsp; 1-1-2031 | 3140000 | &nbsp;&nbsp; 3220072 |

---

See accompanying notes to portfolio of investments

12 \| Allspring Strategic Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Water & sewer revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Chicago Waterworks Revenue | 5.00<br> %<br>| &nbsp;&nbsp; 11-1-2028 | $2560000 | &nbsp;&nbsp; $2616164 |
| &nbsp;&nbsp;&nbsp; City of Chicago Waterworks Revenue Series 2017-2 (AG Insured) | 5.00 | &nbsp;&nbsp; 11-1-2030 | 2620000 | &nbsp;&nbsp; 2727380 |
|  |  |  |  | &nbsp;&nbsp; **10141697** |
|  |  |  |  | &nbsp;&nbsp; **228435276** |
| **Indiana: 1.64%** |  |  |  |  |
| **Education revenue: 0.01%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Indiana Finance Authority KIPP Indianapolis, Inc. Series A | 4.00 | &nbsp;&nbsp; 7-1-2030 | 187000 | &nbsp;&nbsp; **185669** |
| **Industrial development revenue: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Valparaiso Pratt Paper LLC AMT144A | 4.50 | &nbsp;&nbsp; 1-1-2034 | 2925000 | &nbsp;&nbsp; 3015311 |
| &nbsp;&nbsp;&nbsp; Indianapolis Local Public Improvement Bond Bank Series E | 5.00 | &nbsp;&nbsp; 3-1-2033 | 1000000 | &nbsp;&nbsp; 1068101 |
|  |  |  |  | &nbsp;&nbsp; **4083412** |
| **Miscellaneous revenue: 0.75%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Indiana Bond Bank Hamilton Co. Projects CAB¤ | 0.00 | &nbsp;&nbsp; 7-15-2026 | 735000 | &nbsp;&nbsp; 715827 |
| &nbsp;&nbsp;&nbsp; Indiana Bond Bank Hamilton Co. Projects CAB¤ | 0.00 | &nbsp;&nbsp; 7-15-2027 | 630000 | &nbsp;&nbsp; 593556 |
| &nbsp;&nbsp;&nbsp; Indianapolis Local Public Improvement Bond Bank Series A | 5.00 | &nbsp;&nbsp; 6-1-2028 | 5710000 | &nbsp;&nbsp; 6067364 |
| &nbsp;&nbsp;&nbsp; Indianapolis Local Public Improvement Bond Bank Series A | 5.00 | &nbsp;&nbsp; 6-1-2030 | 6300000 | &nbsp;&nbsp; 6965713 |
|  |  |  |  | &nbsp;&nbsp; **14342460** |
| **Utilities revenue: 0.67%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indiana Finance Authority Indianapolis Power & Light Co. <br> Series Aøø<br>| 0.75 | &nbsp;&nbsp; 12-1-2038 | 3000000 | &nbsp;&nbsp; 2957518 |
| &nbsp;&nbsp;&nbsp; Indiana Finance Authority Ohio Valley Electric Corp. Series A | 4.25 | &nbsp;&nbsp; 11-1-2030 | 7630000 | &nbsp;&nbsp; 7814475 |
| &nbsp;&nbsp;&nbsp; Indiana Finance Authority Ohio Valley Electric Corp. Series B | 3.00 | &nbsp;&nbsp; 11-1-2030 | 2000000 | &nbsp;&nbsp; 1956232 |
|  |  |  |  | &nbsp;&nbsp; **12728225** |
|  |  |  |  | &nbsp;&nbsp; **31339766** |
| **Iowa: 1.17%** |  |  |  |  |
| **Education revenue: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Iowa Student Loan Liquidity Corp. Series B AMT | 5.00 | &nbsp;&nbsp; 12-1-2025 | 1295000 | &nbsp;&nbsp; 1299087 |
| &nbsp;&nbsp;&nbsp; Iowa Student Loan Liquidity Corp. Series B AMT | 5.00 | &nbsp;&nbsp; 12-1-2026 | 1215000 | &nbsp;&nbsp; 1238539 |
|  |  |  |  | &nbsp;&nbsp; **2537626** |
| **Health revenue: 0.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Crawford County Memorial Hospital, Inc. BAN | 5.00 | &nbsp;&nbsp; 6-15-2027 | 1315000 | &nbsp;&nbsp; 1331702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Iowa Finance Authority Lifespace Communities, Inc. Obligated <br> Group Series 2024 A&B<br>| 5.00 | &nbsp;&nbsp; 5-15-2039 | 2260000 | &nbsp;&nbsp; 2298182 |
|  |  |  |  | &nbsp;&nbsp; **3629884** |
| **Housing revenue: 0.38%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Iowa Finance Authority Series Series E (GNMA / FNMA / FHLMC <br> Insured) (TD Bank N.A. SPA)ø<br>| 2.90 | &nbsp;&nbsp; 7-1-2049 | 7280000 | &nbsp;&nbsp; **7280000** |
| **Industrial development revenue: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Iowa Finance Authority John Maassen & Sons Partnership AMT <br> (Farm Credit Services America LOC)ø<br>| 2.98 | &nbsp;&nbsp; 11-1-2035 | 2075000 | &nbsp;&nbsp; **2075000** |

---

See accompanying notes to portfolio of investments

Allspring Strategic Municipal Bond Fund \| 13

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Utilities revenue: 0.27%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; PEFA, Inc. Gas Projectøø | 5.00<br> %<br>| &nbsp;&nbsp; 9-1-2049 | $4975000 | &nbsp;&nbsp; **$5062429** |
| **Water & sewer revenue: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Xenia Rural Water District | 5.00 | &nbsp;&nbsp; 12-1-2031 | 1615000 | &nbsp;&nbsp; **1662772** |
|  |  |  |  | &nbsp;&nbsp; **22247711** |
| **Kansas: 0.71%** |  |  |  |  |
| **GO revenue: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harvey County Unified School District 440 Halstead-Bentley (BAM <br> Insured)<br>| 5.00 | &nbsp;&nbsp; 9-1-2043 | 1655000 | &nbsp;&nbsp; **1720195** |
| **Health revenue: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Wichita Presbyterian Manors Obligated Group | 5.00 | &nbsp;&nbsp; 5-15-2026 | 1105000 | &nbsp;&nbsp; **1105548** |
| **Tax revenue: 0.56%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wyandotte County-Kansas City Unified Government Sales Tax <br> Revenue CAB144A¤<br>| 0.00 | &nbsp;&nbsp; 9-1-2034 | 19260000 | &nbsp;&nbsp; **10658696** |
|  |  |  |  | &nbsp;&nbsp; **13484439** |
| **Kentucky: 2.42%** |  |  |  |  |
| **Education revenue: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Columbia Lindsey Wilson College, Inc. | 4.00 | &nbsp;&nbsp; 12-1-2029 | 570000 | &nbsp;&nbsp; 562725 |
| &nbsp;&nbsp;&nbsp; City of Columbia Lindsey Wilson College, Inc. | 4.00 | &nbsp;&nbsp; 12-1-2030 | 590000 | &nbsp;&nbsp; 578499 |
| &nbsp;&nbsp;&nbsp; City of Columbia Lindsey Wilson College, Inc. | 4.00 | &nbsp;&nbsp; 12-1-2031 | 615000 | &nbsp;&nbsp; 595623 |
|  |  |  |  | &nbsp;&nbsp; **1736847** |
| **Health revenue: 0.17%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Kentucky EDFA Kenton Housing Obligated Group | 5.00 | &nbsp;&nbsp; 11-15-2025 | 330000 | &nbsp;&nbsp; 329539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kentucky EDFA Norton Healthcare Obligated Group Series B CAB <br> (NPFGC Insured)¤<br>| 0.00 | &nbsp;&nbsp; 10-1-2026 | 3000000 | &nbsp;&nbsp; 2887850 |
|  |  |  |  | &nbsp;&nbsp; **3217389** |
| **Industrial development revenue: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Boone Duke Energy Kentucky, Inc. Series A | 3.70 | &nbsp;&nbsp; 8-1-2027 | 2500000 | &nbsp;&nbsp; **2523279** |
| **Miscellaneous revenue: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Kentucky State University COP (BAM Insured) | 3.00 | &nbsp;&nbsp; 11-1-2032 | 320000 | &nbsp;&nbsp; 314517 |
| &nbsp;&nbsp;&nbsp; Kentucky State University COP (BAM Insured) | 4.00 | &nbsp;&nbsp; 11-1-2033 | 130000 | &nbsp;&nbsp; 136047 |
| &nbsp;&nbsp;&nbsp; Kentucky State University COP (BAM Insured) | 4.00 | &nbsp;&nbsp; 11-1-2034 | 130000 | &nbsp;&nbsp; 135040 |
| &nbsp;&nbsp;&nbsp; Kentucky State University COP (BAM Insured) | 5.00 | &nbsp;&nbsp; 11-1-2029 | 200000 | &nbsp;&nbsp; 218069 |
| &nbsp;&nbsp;&nbsp; Kentucky State University COP (BAM Insured) | 5.00 | &nbsp;&nbsp; 11-1-2030 | 175000 | &nbsp;&nbsp; 194163 |
|  |  |  |  | &nbsp;&nbsp; **997836** |
| **Tax revenue: 0.29%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series 2018-<br> XG0161 (AG Insured) (Bank of America N.A. LOC, Bank of <br> America N.A. LIQ)144Aø<br>| 2.97 | &nbsp;&nbsp; 12-1-2041 | 5460000 | &nbsp;&nbsp; **5460000** |
| **Utilities revenue: 1.69%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Trimble Louisville Gas & Electric Co. Series A | 0.63 | &nbsp;&nbsp; 9-1-2026 | 3250000 | &nbsp;&nbsp; 3163010 |

---

See accompanying notes to portfolio of investments

14 \| Allspring Strategic Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Utilities revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Trimble Louisville Gas & Electric Co. Series A AMTøø | 1.30<br> %<br>| &nbsp;&nbsp; 9-1-2044 | $6250000 | &nbsp;&nbsp; $5841261 |
| &nbsp;&nbsp;&nbsp; County of Trimble Louisville Gas & Electric Co. Series B AMT | 1.35 | &nbsp;&nbsp; 11-1-2027 | 6200000 | &nbsp;&nbsp; 5953857 |
| &nbsp;&nbsp;&nbsp; Kentucky Public Energy Authority Series Cøø | 4.00 | &nbsp;&nbsp; 2-1-2050 | 14960000 | &nbsp;&nbsp; 15297830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Louisville/Jefferson County Metropolitan Government Gas & <br> Electric Co. Series B AMT<br>| 1.35 | &nbsp;&nbsp; 11-1-2027 | 2000000 | &nbsp;&nbsp; 1914778 |
|  |  |  |  | &nbsp;&nbsp; **32170736** |
|  |  |  |  | &nbsp;&nbsp; **46106087** |
| **Louisiana: 1.58%** |  |  |  |  |
| **Airport revenue: 0.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Orleans Aviation Board Louis Armstrong New Orleans <br> International Airport CFC Revenue (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 1-1-2031 | 1250000 | &nbsp;&nbsp; 1309275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Orleans Aviation Board Louis Armstrong New Orleans <br> International Airport CFC Revenue (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 1-1-2032 | 2000000 | &nbsp;&nbsp; 2086031 |
|  |  |  |  | &nbsp;&nbsp; **3395306** |
| **Industrial development revenue: 0.97%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Parish of St. John the Baptist Marathon Oil Corp. Series 2017B-2øø | 2.38 | &nbsp;&nbsp; 6-1-2037 | 8330000 | &nbsp;&nbsp; 8299661 |
| &nbsp;&nbsp;&nbsp; Parish of St. John the Baptist Marathon Oil Corp. Series A-1øø | 4.05 | &nbsp;&nbsp; 6-1-2037 | 3250000 | &nbsp;&nbsp; 3278224 |
| &nbsp;&nbsp;&nbsp; Parish of St. John the Baptist Marathon Oil Corp. Series A-3øø | 2.20 | &nbsp;&nbsp; 6-1-2037 | 7000000 | &nbsp;&nbsp; 6965490 |
|  |  |  |  | &nbsp;&nbsp; **18543375** |
| **Miscellaneous revenue: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Louisiana Local Government Environmental Facilities & CDA Parish <br> of Jefferson144A<br>| 4.00 | &nbsp;&nbsp; 11-1-2044 | 1355000 | &nbsp;&nbsp; **1191185** |
| **Water & sewer revenue: 0.37%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of New Orleans Sewerage Service Revenue Series B | 5.00 | &nbsp;&nbsp; 6-1-2026 | 350000 | &nbsp;&nbsp; 355164 |
| &nbsp;&nbsp;&nbsp; City of New Orleans Sewerage Service Revenue Series B | 5.00 | &nbsp;&nbsp; 6-1-2027 | 600000 | &nbsp;&nbsp; 623215 |
| &nbsp;&nbsp;&nbsp; City of New Orleans Sewerage Service Revenue Series B | 5.00 | &nbsp;&nbsp; 6-1-2028 | 400000 | &nbsp;&nbsp; 422490 |
| &nbsp;&nbsp;&nbsp; City of New Orleans Sewerage Service Revenue Series B | 5.00 | &nbsp;&nbsp; 6-1-2029 | 600000 | &nbsp;&nbsp; 643218 |
| &nbsp;&nbsp;&nbsp; City of New Orleans Sewerage Service Revenue Series B | 5.00 | &nbsp;&nbsp; 6-1-2030 | 600000 | &nbsp;&nbsp; 651293 |
| &nbsp;&nbsp;&nbsp; East Baton Rouge Sewerage Commission Series Aøø | 1.30 | &nbsp;&nbsp; 2-1-2041 | 3500000 | &nbsp;&nbsp; 3287046 |
| &nbsp;&nbsp;&nbsp; Greater Ouachita Water Co. (BAM Insured) | 4.00 | &nbsp;&nbsp; 9-1-2034 | 985000 | &nbsp;&nbsp; 996037 |
|  |  |  |  | &nbsp;&nbsp; **6978463** |
|  |  |  |  | &nbsp;&nbsp; **30108329** |
| **Maine: 1.16%** |  |  |  |  |
| **Health revenue: 0.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maine Health & Higher Educational Facilities Authority Eastern <br> Maine Healthcare Systems Obligated Group Series C<br>| 5.00 | &nbsp;&nbsp; 7-1-2039 | 1865000 | &nbsp;&nbsp; 1952912 |
| &nbsp;&nbsp;&nbsp; Maine Health & Higher Educational Facilities Authority Series A | 5.00 | &nbsp;&nbsp; 7-1-2027 | 750000 | &nbsp;&nbsp; 779230 |
|  |  |  |  | &nbsp;&nbsp; **2732142** |
| **Housing revenue: 0.89%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Maine State Housing Authority Series A | 3.20 | &nbsp;&nbsp; 11-15-2029 | 290000 | &nbsp;&nbsp; 294132 |
| &nbsp;&nbsp;&nbsp; Maine State Housing Authority Series A | 3.30 | &nbsp;&nbsp; 11-15-2030 | 150000 | &nbsp;&nbsp; 152010 |
| &nbsp;&nbsp;&nbsp; Maine State Housing Authority Series A | 3.45 | &nbsp;&nbsp; 11-15-2031 | 320000 | &nbsp;&nbsp; 325261 |

---

See accompanying notes to portfolio of investments

Allspring Strategic Municipal Bond Fund \| 15

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Housing revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Maine State Housing Authority Series A | 3.55<br> %<br>| &nbsp;&nbsp; 11-15-2032 | $530000 | &nbsp;&nbsp; $544559 |
| &nbsp;&nbsp;&nbsp; Maine State Housing Authority Series A | 3.70 | &nbsp;&nbsp; 11-15-2034 | 890000 | &nbsp;&nbsp; 892409 |
| &nbsp;&nbsp;&nbsp; Maine State Housing Authority Series A | 3.80 | &nbsp;&nbsp; 11-15-2035 | 345000 | &nbsp;&nbsp; 343411 |
| &nbsp;&nbsp;&nbsp; Maine State Housing Authority Series A | 3.90 | &nbsp;&nbsp; 11-15-2036 | 1305000 | &nbsp;&nbsp; 1297152 |
| &nbsp;&nbsp;&nbsp; Maine State Housing Authority Series A | 3.95 | &nbsp;&nbsp; 11-15-2037 | 765000 | &nbsp;&nbsp; 755520 |
| &nbsp;&nbsp;&nbsp; Maine State Housing Authority Series A | 4.10 | &nbsp;&nbsp; 11-15-2040 | 2470000 | &nbsp;&nbsp; 2440354 |
| &nbsp;&nbsp;&nbsp; Maine State Housing Authority Series A | 4.50 | &nbsp;&nbsp; 11-15-2045 | 4955000 | &nbsp;&nbsp; 4903145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maine State Housing Authority Series C (Department of Housing <br> and Urban Development Insured)<br>| 4.55 | &nbsp;&nbsp; 11-15-2044 | 5045000 | &nbsp;&nbsp; 5022348 |
|  |  |  |  | &nbsp;&nbsp; **16970301** |
| **Resource recovery revenue: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance Authority of Maine Casella Waste Systems, Inc. <br> AMT144Aøø<br>| 4.63 | &nbsp;&nbsp; 12-1-2047 | 2500000 | &nbsp;&nbsp; **2461412** |
|  |  |  |  | &nbsp;&nbsp; **22163855** |
| **Maryland: 0.96%** |  |  |  |  |
| **Education revenue: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maryland Health & Higher Educational Facilities Authority <br> Stevenson University, Inc. Series A<br>| 5.00 | &nbsp;&nbsp; 6-1-2029 | 300000 | &nbsp;&nbsp; 316400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maryland Health & Higher Educational Facilities Authority <br> Stevenson University, Inc. Series A<br>| 5.00 | &nbsp;&nbsp; 6-1-2031 | 350000 | &nbsp;&nbsp; 375786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maryland Health & Higher Educational Facilities Authority <br> Stevenson University, Inc. Series A<br>| 5.00 | &nbsp;&nbsp; 6-1-2033 | 425000 | &nbsp;&nbsp; 449415 |
|  |  |  |  | &nbsp;&nbsp; **1141601** |
| **Health revenue: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maryland Health & Higher Educational Facilities Authority Adventist <br> Healthcare Obligated Group<br>| 5.00 | &nbsp;&nbsp; 1-1-2026 | 495000 | &nbsp;&nbsp; 496555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maryland Health & Higher Educational Facilities Authority Adventist <br> Healthcare Obligated Group<br>| 5.00 | &nbsp;&nbsp; 1-1-2027 | 430000 | &nbsp;&nbsp; 439383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maryland Health & Higher Educational Facilities Authority Adventist <br> Healthcare Obligated Group<br>| 5.00 | &nbsp;&nbsp; 1-1-2028 | 300000 | &nbsp;&nbsp; 311733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maryland Health & Higher Educational Facilities Authority Adventist <br> Healthcare Obligated Group<br>| 5.00 | &nbsp;&nbsp; 1-1-2029 | 290000 | &nbsp;&nbsp; 305622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maryland Health & Higher Educational Facilities Authority Adventist <br> Healthcare Obligated Group<br>| 5.00 | &nbsp;&nbsp; 1-1-2030 | 285000 | &nbsp;&nbsp; 304053 |
|  |  |  |  | &nbsp;&nbsp; **1857346** |
| **Housing revenue: 0.17%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Maryland Stadium Authority Series A | 5.00 | &nbsp;&nbsp; 3-1-2036 | 2890000 | &nbsp;&nbsp; **3220030** |
| **Tax revenue: 0.49%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; State of Maryland Department of Transportation | 4.00 | &nbsp;&nbsp; 12-15-2027 | 9260000 | &nbsp;&nbsp; **9268124** |
| **Transportation revenue: 0.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maryland Economic Development Corp. Purple Line Transit <br> Partners LLC Series A-P3 AMT<br>| 5.00 | &nbsp;&nbsp; 11-12-2028 | 2750000 | &nbsp;&nbsp; **2775267** |
|  |  |  |  | &nbsp;&nbsp; **18262368** |

---

See accompanying notes to portfolio of investments

16 \| Allspring Strategic Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Massachusetts: 2.00%** |  |  |  |  |
| **Airport revenue: 0.81%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Massachusetts Port Authority Series A AMT | 5.00<br> %<br>| &nbsp;&nbsp; 7-1-2047 | $6670000 | &nbsp;&nbsp; $6691625 |
| &nbsp;&nbsp;&nbsp; Massachusetts Port Authority Series E AMT | 5.00 | &nbsp;&nbsp; 7-1-2031 | 1000000 | &nbsp;&nbsp; 1105125 |
| &nbsp;&nbsp;&nbsp; Massachusetts Port Authority Series E AMT | 5.00 | &nbsp;&nbsp; 7-1-2032 | 1500000 | &nbsp;&nbsp; 1640948 |
| &nbsp;&nbsp;&nbsp; Massachusetts Port Authority Series E AMT | 5.00 | &nbsp;&nbsp; 7-1-2033 | 3000000 | &nbsp;&nbsp; 3260932 |
| &nbsp;&nbsp;&nbsp; Massachusetts Port Authority Series E AMT | 5.00 | &nbsp;&nbsp; 7-1-2034 | 2615000 | &nbsp;&nbsp; 2825136 |
|  |  |  |  | &nbsp;&nbsp; **15523766** |
| **Education revenue: 0.59%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Collegiate Charter School of Lowell | 5.00 | &nbsp;&nbsp; 6-15-2029 | 400000 | &nbsp;&nbsp; 403123 |
| &nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency Lasell University | 4.00 | &nbsp;&nbsp; 7-1-2029 | 340000 | &nbsp;&nbsp; 338044 |
| &nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency Lasell University | 4.00 | &nbsp;&nbsp; 7-1-2030 | 355000 | &nbsp;&nbsp; 351217 |
| &nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency Lasell University | 4.00 | &nbsp;&nbsp; 7-1-2031 | 370000 | &nbsp;&nbsp; 363392 |
| &nbsp;&nbsp;&nbsp; Massachusetts Educational Financing Authority Series B AMT | 5.00 | &nbsp;&nbsp; 7-1-2026 | 1000000 | &nbsp;&nbsp; 1013358 |
| &nbsp;&nbsp;&nbsp; Massachusetts Educational Financing Authority Series B AMT | 5.00 | &nbsp;&nbsp; 7-1-2027 | 1500000 | &nbsp;&nbsp; 1543395 |
| &nbsp;&nbsp;&nbsp; Massachusetts Educational Financing Authority Series B AMT | 5.00 | &nbsp;&nbsp; 7-1-2028 | 3250000 | &nbsp;&nbsp; 3393779 |
| &nbsp;&nbsp;&nbsp; Massachusetts Educational Financing Authority Series B AMT | 5.00 | &nbsp;&nbsp; 7-1-2029 | 1400000 | &nbsp;&nbsp; 1477304 |
| &nbsp;&nbsp;&nbsp; Massachusetts Educational Financing Authority Series B AMT | 5.00 | &nbsp;&nbsp; 7-1-2030 | 2230000 | &nbsp;&nbsp; 2396704 |
|  |  |  |  | &nbsp;&nbsp; **11280316** |
| **GO revenue: 0.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Commonwealth of Massachusetts Series E | 4.00 | &nbsp;&nbsp; 9-1-2044 | 5000000 | &nbsp;&nbsp; 4701768 |
| &nbsp;&nbsp;&nbsp; Town of Tyngsborough | 4.00 | &nbsp;&nbsp; 10-15-2046 | 2035000 | &nbsp;&nbsp; 1942069 |
|  |  |  |  | &nbsp;&nbsp; **6643837** |
| **Health revenue: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency Mass General <br> Brigham, Inc. Series T-1 (SIFMA Municipal Swap+0.60%)144A±<br>| 3.49 | &nbsp;&nbsp; 7-1-2049 | 2650000 | &nbsp;&nbsp; 2649818 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency Milford Regional <br> Medical Center Obligated Group Series G<br>| 5.00 | &nbsp;&nbsp; 7-15-2026 | 150000 | &nbsp;&nbsp; 152754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency Milford Regional <br> Medical Center Obligated Group Series G<br>| 5.00 | &nbsp;&nbsp; 7-15-2027 | 160000 | &nbsp;&nbsp; 166940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency Milford Regional <br> Medical Center Obligated Group Series G<br>| 5.00 | &nbsp;&nbsp; 7-15-2028 | 175000 | &nbsp;&nbsp; 186796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency Milford Regional <br> Medical Center Obligated Group Series G<br>| 5.00 | &nbsp;&nbsp; 7-15-2029 | 300000 | &nbsp;&nbsp; 327057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency Milford Regional <br> Medical Center Obligated Group Series G<br>| 5.00 | &nbsp;&nbsp; 7-15-2030 | 320000 | &nbsp;&nbsp; 355749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency Milford Regional <br> Medical Center Obligated Group Series G<br>| 5.00 | &nbsp;&nbsp; 7-15-2031 | 350000 | &nbsp;&nbsp; 389101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency Milford Regional <br> Medical Center Obligated Group Series G<br>| 5.00 | &nbsp;&nbsp; 7-15-2032 | 400000 | &nbsp;&nbsp; 444687 |
|  |  |  |  | &nbsp;&nbsp; **4672902** |
|  |  |  |  | &nbsp;&nbsp; **38120821** |
| **Michigan: 1.03%** |  |  |  |  |
| **Airport revenue: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Wayne County Airport Authority Detroit Metropolitan Series F AMT | 5.00 | &nbsp;&nbsp; 12-1-2030 | 4000000 | &nbsp;&nbsp; **4011722** |

---

See accompanying notes to portfolio of investments

Allspring Strategic Municipal Bond Fund \| 17

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Education revenue: 0.27%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Lake Superior State University (AG Insured) | 4.00<br> %<br>| &nbsp;&nbsp; 11-15-2029 | $1220000 | &nbsp;&nbsp; $1271291 |
| &nbsp;&nbsp;&nbsp; Lake Superior State University (AG Insured) | 4.00 | &nbsp;&nbsp; 11-15-2030 | 405000 | &nbsp;&nbsp; 425198 |
| &nbsp;&nbsp;&nbsp; Lake Superior State University (AG Insured) | 4.00 | &nbsp;&nbsp; 11-15-2031 | 400000 | &nbsp;&nbsp; 419474 |
| &nbsp;&nbsp;&nbsp; Michigan Finance Authority College for Creative Studies | 5.00 | &nbsp;&nbsp; 12-1-2026 | 840000 | &nbsp;&nbsp; 840508 |
| &nbsp;&nbsp;&nbsp; Michigan Finance Authority College for Creative Studies | 5.00 | &nbsp;&nbsp; 12-1-2027 | 585000 | &nbsp;&nbsp; 585392 |
| &nbsp;&nbsp;&nbsp; Michigan Finance Authority College for Creative Studies | 5.00 | &nbsp;&nbsp; 12-1-2028 | 535000 | &nbsp;&nbsp; 535356 |
| &nbsp;&nbsp;&nbsp; Michigan Finance Authority College for Creative Studies | 5.00 | &nbsp;&nbsp; 12-1-2029 | 590000 | &nbsp;&nbsp; 590411 |
| &nbsp;&nbsp;&nbsp; Michigan Finance Authority College for Creative Studies | 5.00 | &nbsp;&nbsp; 12-1-2030 | 400000 | &nbsp;&nbsp; 400257 |
|  |  |  |  | &nbsp;&nbsp; **5067887** |
| **GO revenue: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series 2025-<br> YX1437 (QSBLF Insured) (Barclays Bank plc LIQ)144Aø<br>| 2.94 | &nbsp;&nbsp; 5-1-2050 | 2470000 | &nbsp;&nbsp; **2470000** |
| **Industrial development revenue: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Michigan Strategic Fund Graphic Packaging International LLC <br> AMTøø<br>| 4.00 | &nbsp;&nbsp; 10-1-2061 | 2000000 | &nbsp;&nbsp; **1998921** |
| **Miscellaneous revenue: 0.32%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Michigan Finance Authority Detroit Public Lighting Authority Utility <br> Users Tax Revenue Series B<br>| 5.00 | &nbsp;&nbsp; 7-1-2032 | 3000000 | &nbsp;&nbsp; 3002497 |
| &nbsp;&nbsp;&nbsp; Michigan Finance Authority Wayne County | 5.00 | &nbsp;&nbsp; 11-1-2028 | 865000 | &nbsp;&nbsp; 926567 |
| &nbsp;&nbsp;&nbsp; Michigan Finance Authority Wayne County | 5.00 | &nbsp;&nbsp; 11-1-2029 | 1500000 | &nbsp;&nbsp; 1597131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Michigan Public Educational Facilities Authority Chandler Park <br> Academy<br>| 6.35 | &nbsp;&nbsp; 11-1-2028 | 550000 | &nbsp;&nbsp; 550516 |
|  |  |  |  | &nbsp;&nbsp; **6076711** |
|  |  |  |  | &nbsp;&nbsp; **19625241** |
| **Minnesota: 2.02%** |  |  |  |  |
| **Education revenue: 0.63%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Minneapolis Northeast College Prep Series A | 5.00 | &nbsp;&nbsp; 7-1-2040 | 875000 | &nbsp;&nbsp; 736740 |
| &nbsp;&nbsp;&nbsp; City of Ramsey PACT Charter School Series A | 5.00 | &nbsp;&nbsp; 6-1-2032 | 6500000 | &nbsp;&nbsp; 6502643 |
| &nbsp;&nbsp;&nbsp; City of Woodbury Leadership Academy Series A | 4.00 | &nbsp;&nbsp; 7-1-2031 | 590000 | &nbsp;&nbsp; 572837 |
| &nbsp;&nbsp;&nbsp; City of Woodbury Leadership Academy Series A | 4.00 | &nbsp;&nbsp; 7-1-2041 | 850000 | &nbsp;&nbsp; 699710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing & RDA of The City of St. Paul Minnesota Hmong College <br> Prep Academy Series A<br>| 5.00 | &nbsp;&nbsp; 9-1-2026 | 215000 | &nbsp;&nbsp; 216384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minnesota HEFA Concordia University St. Paul Series 6Q (U.S. Bank <br> N.A. LOC)ø<br>| 3.75 | &nbsp;&nbsp; 4-1-2037 | 1525000 | &nbsp;&nbsp; 1525000 |
| &nbsp;&nbsp;&nbsp; Minnesota HEFA St. Catherine University Series A | 5.00 | &nbsp;&nbsp; 10-1-2027 | 1035000 | &nbsp;&nbsp; 1065994 |
| &nbsp;&nbsp;&nbsp; Minnesota HEFA St. Catherine University Series A | 5.00 | &nbsp;&nbsp; 10-1-2029 | 660000 | &nbsp;&nbsp; 687712 |
|  |  |  |  | &nbsp;&nbsp; **12007020** |
| **Health revenue: 0.41%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Minneapolis Fairview Health Services Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 11-15-2033 | 2585000 | &nbsp;&nbsp; 2588846 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Shakopee Senior Housing Revenue Benedictine Living <br> Community LLC144Aøø<br>| 5.85 | &nbsp;&nbsp; 11-1-2058 | 5310000 | &nbsp;&nbsp; 5306719 |
|  |  |  |  | &nbsp;&nbsp; **7895565** |

---

See accompanying notes to portfolio of investments

18 \| Allspring Strategic Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Housing revenue: 0.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Plymouth Lancaster Village Apartments LP LLP (FNMA LOC, <br> FNMA LIQ)ø<br>| 2.97<br> %<br>| &nbsp;&nbsp; 9-15-2031 | $145000 | &nbsp;&nbsp; $145000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minnesota Housing Finance Agency Series D (GNMA / FNMA / <br> FHLMC Insured) (Royal Bank of Canada SPA)øø<br>| 2.90 | &nbsp;&nbsp; 1-1-2045 | 6540000 | &nbsp;&nbsp; 6540000 |
|  |  |  |  | &nbsp;&nbsp; **6685000** |
| **Miscellaneous revenue: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Minnesota Rural Water Finance Authority, Inc. BAN | 3.30 | &nbsp;&nbsp; 8-1-2026 | 2000000 | &nbsp;&nbsp; **2002553** |
| **Utilities revenue: 0.52%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minnesota Municipal Gas Agency Series B (U.S. SOFR+1.00%) <br> (Royal Bank of Canada LIQ)±<br>| 3.79 | &nbsp;&nbsp; 12-1-2052 | 10000000 | &nbsp;&nbsp; **9998450** |
|  |  |  |  | &nbsp;&nbsp; **38588588** |
| **Mississippi: 0.56%** |  |  |  |  |
| **Health revenue: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mississippi Hospital Equipment & Facilities Authority North <br> Mississippi Medical Center Obligated Group Series IIøø<br>| 5.00 | &nbsp;&nbsp; 10-1-2040 | 3930000 | &nbsp;&nbsp; **4025209** |
| **Industrial development revenue: 0.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Warren International Paper Co. Series A | 4.20 | &nbsp;&nbsp; 5-1-2034 | 3500000 | &nbsp;&nbsp; **3585250** |
| **Miscellaneous revenue: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Mississippi Development Bank City of Gulfport | 4.00 | &nbsp;&nbsp; 9-1-2029 | 620000 | &nbsp;&nbsp; 625613 |
| &nbsp;&nbsp;&nbsp; Mississippi Development Bank City of Gulfport | 4.00 | &nbsp;&nbsp; 9-1-2030 | 565000 | &nbsp;&nbsp; 570563 |
| &nbsp;&nbsp;&nbsp; Mississippi Development Bank City of Gulfport | 4.00 | &nbsp;&nbsp; 9-1-2031 | 400000 | &nbsp;&nbsp; 403192 |
| &nbsp;&nbsp;&nbsp; Mississippi Development Bank City of Gulfport | 4.00 | &nbsp;&nbsp; 9-1-2032 | 435000 | &nbsp;&nbsp; 437597 |
| &nbsp;&nbsp;&nbsp; Mississippi Development Bank City of Gulfport | 5.00 | &nbsp;&nbsp; 9-1-2026 | 225000 | &nbsp;&nbsp; 229258 |
| &nbsp;&nbsp;&nbsp; Mississippi Development Bank City of Gulfport | 5.00 | &nbsp;&nbsp; 9-1-2027 | 385000 | &nbsp;&nbsp; 390003 |
| &nbsp;&nbsp;&nbsp; Mississippi Development Bank City of Gulfport | 5.00 | &nbsp;&nbsp; 9-1-2028 | 315000 | &nbsp;&nbsp; 325504 |
|  |  |  |  | &nbsp;&nbsp; **2981730** |
|  |  |  |  | &nbsp;&nbsp; **10592189** |
| **Missouri: 1.95%** |  |  |  |  |
| **Airport revenue: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of St. Louis Airport Revenue Series D AMT (AG Insured) | 5.00 | &nbsp;&nbsp; 7-1-2030 | 2090000 | &nbsp;&nbsp; **2153278** |
| **Education revenue: 0.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HEFA of the State of Missouri A.T. Still University of Health <br> Sciences Series A<br>| 5.00 | &nbsp;&nbsp; 10-1-2026 | 925000 | &nbsp;&nbsp; 946998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HEFA of the State of Missouri A.T. Still University of Health <br> Sciences Series A<br>| 5.00 | &nbsp;&nbsp; 10-1-2027 | 975000 | &nbsp;&nbsp; 1009165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HEFA of the State of Missouri A.T. Still University of Health <br> Sciences Series A<br>| 5.00 | &nbsp;&nbsp; 10-1-2028 | 1025000 | &nbsp;&nbsp; 1075936 |
| &nbsp;&nbsp;&nbsp; HEFA of the State of Missouri Webster University | 5.00 | &nbsp;&nbsp; 4-1-2026 | 500000 | &nbsp;&nbsp; 495870 |
|  |  |  |  | &nbsp;&nbsp; **3527969** |

---

See accompanying notes to portfolio of investments

Allspring Strategic Municipal Bond Fund \| 19

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Health revenue: 1.29%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; HEFA of the State of Missouri BJC Healthcare Obligated Group | 5.00<br> %<br>| &nbsp;&nbsp; 11-15-2030 | $5425000 | &nbsp;&nbsp; $5494711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HEFA of the State of Missouri BJC Healthcare Obligated Group <br> Series Cøø<br>| 5.00 | &nbsp;&nbsp; 5-1-2052 | 18000000 | &nbsp;&nbsp; 19051202 |
|  |  |  |  | &nbsp;&nbsp; **24545913** |
| **Housing revenue: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Missouri Southern State University Auxiliary Enterprise System <br> Revenue<br>| 3.00 | &nbsp;&nbsp; 10-1-2026 | 195000 | &nbsp;&nbsp; 193257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Missouri Southern State University Auxiliary Enterprise System <br> Revenue<br>| 4.00 | &nbsp;&nbsp; 10-1-2031 | 1000000 | &nbsp;&nbsp; 986891 |
|  |  |  |  | &nbsp;&nbsp; **1180148** |
| **Miscellaneous revenue: 0.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Kansas City IDA Airport Revenue Series B AMT | 5.00 | &nbsp;&nbsp; 3-1-2028 | 3000000 | &nbsp;&nbsp; 3147685 |
| &nbsp;&nbsp;&nbsp; Kansas City IDA Airport Revenue Series B AMT | 5.00 | &nbsp;&nbsp; 3-1-2030 | 2000000 | &nbsp;&nbsp; 2117134 |
|  |  |  |  | &nbsp;&nbsp; **5264819** |
| **Tax revenue: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Richmond Heights Francis Place Redevelopment Project <br> Area No. 1<br>| 5.63 | &nbsp;&nbsp; 11-1-2025 | 375000 | &nbsp;&nbsp; 375526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of St. Ann Northwest Plaza Community Improvement District <br> Series A144A<br>| 4.63 | &nbsp;&nbsp; 11-1-2030 | 75000 | &nbsp;&nbsp; 75063 |
|  |  |  |  | &nbsp;&nbsp; **450589** |
|  |  |  |  | &nbsp;&nbsp; **37122716** |
| **Nebraska: 1.15%** |  |  |  |  |
| **Airport revenue: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Lincoln Airport Authority AMT | 5.00 | &nbsp;&nbsp; 7-1-2029 | 835000 | &nbsp;&nbsp; **890456** |
| **Utilities revenue: 1.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Central Plains Energy Project No. 3 Series A | 5.00 | &nbsp;&nbsp; 9-1-2026 | 3750000 | &nbsp;&nbsp; 3802767 |
| &nbsp;&nbsp;&nbsp; Central Plains Energy Project No. 3 Series A | 5.00 | &nbsp;&nbsp; 9-1-2027 | 1000000 | &nbsp;&nbsp; 1029259 |
| &nbsp;&nbsp;&nbsp; Central Plains Energy Project Series A-1øø | 5.00 | &nbsp;&nbsp; 8-1-2055 | 15000000 | &nbsp;&nbsp; 16217001 |
|  |  |  |  | &nbsp;&nbsp; **21049027** |
|  |  |  |  | &nbsp;&nbsp; **21939483** |
| **Nevada: 0.20%** |  |  |  |  |
| **Miscellaneous revenue: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Las Vegas Special Improvement District No. 816 | 2.00 | &nbsp;&nbsp; 6-1-2026 | 225000 | &nbsp;&nbsp; 221700 |
| &nbsp;&nbsp;&nbsp; City of Las Vegas Special Improvement District No. 816 | 2.25 | &nbsp;&nbsp; 6-1-2027 | 250000 | &nbsp;&nbsp; 242697 |
| &nbsp;&nbsp;&nbsp; City of Las Vegas Special Improvement District No. 816 | 2.50 | &nbsp;&nbsp; 6-1-2028 | 245000 | &nbsp;&nbsp; 234360 |
| &nbsp;&nbsp;&nbsp; City of Las Vegas Special Improvement District No. 816 | 2.50 | &nbsp;&nbsp; 6-1-2029 | 200000 | &nbsp;&nbsp; 187046 |
| &nbsp;&nbsp;&nbsp; City of Las Vegas Special Improvement District No. 816 | 2.63 | &nbsp;&nbsp; 6-1-2030 | 295000 | &nbsp;&nbsp; 272799 |
| &nbsp;&nbsp;&nbsp; City of Las Vegas Special Improvement District No. 816 | 2.75 | &nbsp;&nbsp; 6-1-2031 | 225000 | &nbsp;&nbsp; 205539 |
| &nbsp;&nbsp;&nbsp; City of Las Vegas Special Improvement District No. 816 | 2.75 | &nbsp;&nbsp; 6-1-2033 | 505000 | &nbsp;&nbsp; 442520 |
|  |  |  |  | &nbsp;&nbsp; **1806661** |

---

See accompanying notes to portfolio of investments

20 \| Allspring Strategic Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Utilities revenue: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Washoe NV Sierra Pacific Power Co. Series C AMTøø | 4.13<br> %<br>| &nbsp;&nbsp; 3-1-2036 | $2000000 | &nbsp;&nbsp; $**2024346** |
|  |  |  |  | &nbsp;&nbsp; **3831007** |
| **New Hampshire: 0.23%** |  |  |  |  |
| **Housing revenue: 0.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; New Hampshire Business Finance Authority Class A Series 1-A | 4.13 | &nbsp;&nbsp; 1-20-2034 | 2276331 | &nbsp;&nbsp; **2288570** |
| **Resource recovery revenue: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hampshire Business Finance Authority United Illuminating Co. <br> Series A<br>| 4.50 | &nbsp;&nbsp; 10-1-2033 | 2000000 | &nbsp;&nbsp; **2091778** |
|  |  |  |  | &nbsp;&nbsp; **4380348** |
| **New Jersey: 3.06%** |  |  |  |  |
| **Airport revenue: 0.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; New Jersey EDA Port Newark Container Terminal LLC AMT | 5.00 | &nbsp;&nbsp; 10-1-2025 | 2750000 | &nbsp;&nbsp; 2750000 |
| &nbsp;&nbsp;&nbsp; New Jersey EDA Port Newark Container Terminal LLC AMT | 5.00 | &nbsp;&nbsp; 10-1-2026 | 2130000 | &nbsp;&nbsp; 2155049 |
| &nbsp;&nbsp;&nbsp; South Jersey Port Corp. Series B AMT | 5.00 | &nbsp;&nbsp; 1-1-2028 | 500000 | &nbsp;&nbsp; 521285 |
|  |  |  |  | &nbsp;&nbsp; **5426334** |
| **Education revenue: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atlantic County Improvement Authority Stockton University <br> Series A (AG Insured)<br>| 4.00 | &nbsp;&nbsp; 7-1-2036 | 425000 | &nbsp;&nbsp; 435692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atlantic County Improvement Authority Stockton University <br> Series A (AG Insured)<br>| 4.00 | &nbsp;&nbsp; 7-1-2037 | 150000 | &nbsp;&nbsp; 152404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atlantic County Improvement Authority Stockton University <br> Series A (AG Insured)<br>| 4.00 | &nbsp;&nbsp; 7-1-2038 | 200000 | &nbsp;&nbsp; 202070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atlantic County Improvement Authority Stockton University <br> Series A (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 7-1-2032 | 225000 | &nbsp;&nbsp; 249886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atlantic County Improvement Authority Stockton University <br> Series A (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 7-1-2034 | 225000 | &nbsp;&nbsp; 246645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Passaic County Improvement Authority Paterson Arts & <br> Science Charter School<br>| 4.25 | &nbsp;&nbsp; 7-1-2033 | 515000 | &nbsp;&nbsp; 526317 |
|  |  |  |  | &nbsp;&nbsp; **1813014** |
| **GO revenue: 0.32%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Atlantic City Board of Education (AG Insured) | 4.00 | &nbsp;&nbsp; 4-1-2027 | 400000 | &nbsp;&nbsp; 408206 |
| &nbsp;&nbsp;&nbsp; Atlantic City Board of Education (AG Insured) | 4.00 | &nbsp;&nbsp; 4-1-2029 | 400000 | &nbsp;&nbsp; 416640 |
| &nbsp;&nbsp;&nbsp; Atlantic City Board of Education (AG Insured) | 4.00 | &nbsp;&nbsp; 4-1-2031 | 350000 | &nbsp;&nbsp; 363083 |
| &nbsp;&nbsp;&nbsp; Atlantic City Board of Education (AG Insured) | 4.00 | &nbsp;&nbsp; 4-1-2033 | 300000 | &nbsp;&nbsp; 306879 |
| &nbsp;&nbsp;&nbsp; Atlantic City Board of Education (AG Insured) | 4.00 | &nbsp;&nbsp; 4-1-2034 | 260000 | &nbsp;&nbsp; 264763 |
| &nbsp;&nbsp;&nbsp; New Jersey EDA Series GGG144A | 5.25 | &nbsp;&nbsp; 9-1-2026 | 2000000 | &nbsp;&nbsp; 2047466 |
| &nbsp;&nbsp;&nbsp; Newark Board of Education (BAM Insured) | 5.00 | &nbsp;&nbsp; 7-15-2029 | 340000 | &nbsp;&nbsp; 369405 |
| &nbsp;&nbsp;&nbsp; Newark Board of Education (BAM Insured) | 5.00 | &nbsp;&nbsp; 7-15-2030 | 325000 | &nbsp;&nbsp; 359782 |
| &nbsp;&nbsp;&nbsp; Newark Board of Education (BAM Insured) | 5.00 | &nbsp;&nbsp; 7-15-2031 | 400000 | &nbsp;&nbsp; 448909 |
| &nbsp;&nbsp;&nbsp; Newark Board of Education (BAM Insured) | 5.00 | &nbsp;&nbsp; 7-15-2032 | 430000 | &nbsp;&nbsp; 481058 |
| &nbsp;&nbsp;&nbsp; Newark Board of Education (BAM Insured) | 5.00 | &nbsp;&nbsp; 7-15-2033 | 520000 | &nbsp;&nbsp; 576877 |
|  |  |  |  | &nbsp;&nbsp; **6043068** |

---

See accompanying notes to portfolio of investments

Allspring Strategic Municipal Bond Fund \| 21

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Housing revenue: 1.85%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Garden State Preservation Trust Series A (AG Insured) | 5.75<br> %<br>| &nbsp;&nbsp; 11-1-2028 | $3170000 | &nbsp;&nbsp; $3325885 |
| &nbsp;&nbsp;&nbsp; New Jersey EDA Motor Vehicle Surcharge Revenue Series A | 3.13 | &nbsp;&nbsp; 7-1-2029 | 5620000 | &nbsp;&nbsp; 5539852 |
| &nbsp;&nbsp;&nbsp; New Jersey EDA Motor Vehicle Surcharge Revenue Series A | 3.38 | &nbsp;&nbsp; 7-1-2030 | 9705000 | &nbsp;&nbsp; 9628686 |
| &nbsp;&nbsp;&nbsp; New Jersey EDA Series QQQ | 5.00 | &nbsp;&nbsp; 6-15-2030 | 1000000 | &nbsp;&nbsp; 1104519 |
| &nbsp;&nbsp;&nbsp; New Jersey EDA Series QQQ | 5.00 | &nbsp;&nbsp; 6-15-2031 | 500000 | &nbsp;&nbsp; 556341 |
| &nbsp;&nbsp;&nbsp; New Jersey TTFA Series A¤ | 0.00 | &nbsp;&nbsp; 12-15-2026 | 12000000 | &nbsp;&nbsp; 11603554 |
| &nbsp;&nbsp;&nbsp; New Jersey TTFA Series A | 5.00 | &nbsp;&nbsp; 12-15-2025 | 1000000 | &nbsp;&nbsp; 1004485 |
| &nbsp;&nbsp;&nbsp; New Jersey TTFA Series C CAB (Ambac Insured)¤ | 0.00 | &nbsp;&nbsp; 12-15-2026 | 2545000 | &nbsp;&nbsp; 2460335 |
|  |  |  |  | &nbsp;&nbsp; **35223657** |
| **Industrial development revenue: 0.01%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; New Jersey EDA Elite Pharmaceuticals, Inc. Series A | 6.50 | &nbsp;&nbsp; 9-1-2030 | 185000 | &nbsp;&nbsp; **169795** |
| **Tax revenue: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; New Jersey TTFA Series BB | 5.00 | &nbsp;&nbsp; 6-15-2030 | 1500000 | &nbsp;&nbsp; **1610984** |
| **Transportation revenue: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; South Jersey Transportation Authority Series A (BAM Insured) | 5.00 | &nbsp;&nbsp; 11-1-2036 | 500000 | &nbsp;&nbsp; 549999 |
| &nbsp;&nbsp;&nbsp; South Jersey Transportation Authority Series A (BAM Insured) | 5.00 | &nbsp;&nbsp; 11-1-2037 | 500000 | &nbsp;&nbsp; 545082 |
|  |  |  |  | &nbsp;&nbsp; **1095081** |
| **Water & sewer revenue: 0.37%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; New Jersey EDA American Water Co., Inc. Series A AMTøø | 2.20 | &nbsp;&nbsp; 10-1-2039 | 5500000 | &nbsp;&nbsp; 5063126 |
| &nbsp;&nbsp;&nbsp; New Jersey EDA American Water Co., Inc. Series D AMTøø | 1.10 | &nbsp;&nbsp; 11-1-2029 | 2075000 | &nbsp;&nbsp; 1944646 |
|  |  |  |  | &nbsp;&nbsp; **7007772** |
|  |  |  |  | &nbsp;&nbsp; **58389705** |
| **New Mexico: 0.56%** |  |  |  |  |
| **Industrial development revenue: 0.49%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Farmington Southern California Edison Co. Series A | 1.80 | &nbsp;&nbsp; 4-1-2029 | 10000000 | &nbsp;&nbsp; **9465492** |
| **Tax revenue: 0.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Winrock Town Center Tax Increment Development District No. <br> 1144A<br>| 3.75 | &nbsp;&nbsp; 5-1-2028 | 292000 | &nbsp;&nbsp; 291824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Winrock Town Center Tax Increment Development District No. <br> 1144A<br>| 4.00 | &nbsp;&nbsp; 5-1-2033 | 1035000 | &nbsp;&nbsp; 1009972 |
|  |  |  |  | &nbsp;&nbsp; **1301796** |
|  |  |  |  | &nbsp;&nbsp; **10767288** |
| **New York: 10.67%** |  |  |  |  |
| **Airport revenue: 1.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Transportation Development Corp. Delta Air Lines, Inc. <br> AMT<br>| 6.00 | &nbsp;&nbsp; 4-1-2035 | 3000000 | &nbsp;&nbsp; 3297868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Transportation Development Corp. JFK International Air <br> Terminal LLC AMT<br>| 5.00 | &nbsp;&nbsp; 12-1-2039 | 1405000 | &nbsp;&nbsp; 1450539 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. JFK NTO LLC AMT | 5.50 | &nbsp;&nbsp; 6-30-2039 | 1085000 | &nbsp;&nbsp; 1173259 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. JFK NTO LLC AMT | 6.00 | &nbsp;&nbsp; 6-30-2041 | 1115000 | &nbsp;&nbsp; 1231176 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. JFK NTO LLC AMT | 6.00 | &nbsp;&nbsp; 6-30-2042 | 1725000 | &nbsp;&nbsp; 1888298 |

---

See accompanying notes to portfolio of investments

22 \| Allspring Strategic Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Airport revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Transportation Development Corp. LaGuardia Gateway <br> Partners LLC Series A-P3 AMT<br>| 5.00<br> %<br>| &nbsp;&nbsp; 7-1-2046 | $10000000 | &nbsp;&nbsp; $9900708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Transportation Development Corp. LaGuardia Gateway <br> Partners LLC Series A AMT (AG Insured)<br>| 4.00 | &nbsp;&nbsp; 7-1-2032 | 2000000 | &nbsp;&nbsp; 2000321 |
|  |  |  |  | &nbsp;&nbsp; **20942169** |
| **Education revenue: 1.38%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Babylon L D Corp. II Series A | 5.75 | &nbsp;&nbsp; 2-1-2033 | 2265000 | &nbsp;&nbsp; 2372784 |
| &nbsp;&nbsp;&nbsp; Babylon L D Corp. II Series A | 6.40 | &nbsp;&nbsp; 2-1-2043 | 3720000 | &nbsp;&nbsp; 3770796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Build NYC Resource Corp. Integration Charter Schools <br> Series A144A<br>| 4.00 | &nbsp;&nbsp; 6-1-2031 | 590000 | &nbsp;&nbsp; 552350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Build NYC Resource Corp. Integration Charter Schools <br> Series A144A<br>| 5.00 | &nbsp;&nbsp; 6-1-2036 | 525000 | &nbsp;&nbsp; 489063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Build NYC Resource Corp. Integration Charter Schools <br> Series A144A<br>| 5.00 | &nbsp;&nbsp; 6-1-2041 | 550000 | &nbsp;&nbsp; 481177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Build NYC Resource Corp. South Bronx Charter School for <br> International Cultures & The Arts Series A144A<br>| 6.25 | &nbsp;&nbsp; 4-15-2033 | 1270000 | &nbsp;&nbsp; 1349376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Build NYC Resource Corp. South Bronx Charter School for <br> International Cultures & The Arts Series B144A<br>| 6.25 | &nbsp;&nbsp; 4-15-2033 | 1120000 | &nbsp;&nbsp; 1190001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hempstead Town Local Development Corp. Academy Charter <br> School Series A<br>| 4.05 | &nbsp;&nbsp; 2-1-2031 | 2310000 | &nbsp;&nbsp; 2243031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hempstead Town Local Development Corp. Academy Charter <br> School Series A<br>| 4.45 | &nbsp;&nbsp; 2-1-2041 | 500000 | &nbsp;&nbsp; 422374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hempstead Town Local Development Corp. Academy Charter <br> School Series A<br>| 4.76 | &nbsp;&nbsp; 2-1-2027 | 785000 | &nbsp;&nbsp; 785927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hempstead Town Local Development Corp. Academy Charter <br> School Series A<br>| 5.45 | &nbsp;&nbsp; 2-1-2027 | 1640000 | &nbsp;&nbsp; 1651227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hempstead Town Local Development Corp. Academy Charter <br> School Series A<br>| 6.47 | &nbsp;&nbsp; 2-1-2033 | 1435000 | &nbsp;&nbsp; 1481859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hempstead Town Local Development Corp. Academy Charter <br> School Series B<br>| 4.76 | &nbsp;&nbsp; 2-1-2027 | 80000 | &nbsp;&nbsp; 80094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hempstead Town Local Development Corp. Evergreen Charter <br> School, Inc. Series A<br>| 5.00 | &nbsp;&nbsp; 6-15-2032 | 7115000 | &nbsp;&nbsp; 7580598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Industrial Development Agency Churchill School & <br> Center for Learning Disabilities, Inc. (AG Insured)<br>| 2.25 | &nbsp;&nbsp; 10-1-2029 | 825000 | &nbsp;&nbsp; 790114 |
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority Iona College Series 2022 | 5.00 | &nbsp;&nbsp; 7-1-2030 | 625000 | &nbsp;&nbsp; 675326 |
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority Iona College Series 2022 | 5.00 | &nbsp;&nbsp; 7-1-2037 | 200000 | &nbsp;&nbsp; 210202 |
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority Iona College Series 2022 | 5.00 | &nbsp;&nbsp; 7-1-2042 | 275000 | &nbsp;&nbsp; 278345 |
|  |  |  |  | &nbsp;&nbsp; **26404644** |
| **GO revenue: 0.38%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Cortland BAN | 4.50 | &nbsp;&nbsp; 5-15-2026 | 4962000 | &nbsp;&nbsp; 4974801 |
| &nbsp;&nbsp;&nbsp; City of Poughkeepsie | 4.00 | &nbsp;&nbsp; 4-15-2029 | 245000 | &nbsp;&nbsp; 246232 |
| &nbsp;&nbsp;&nbsp; City of Poughkeepsie | 5.00 | &nbsp;&nbsp; 6-1-2031 | 600000 | &nbsp;&nbsp; 606177 |
| &nbsp;&nbsp;&nbsp; Village of Island Park Series A | 4.50 | &nbsp;&nbsp; 2-15-2030 | 100000 | &nbsp;&nbsp; 104760 |
| &nbsp;&nbsp;&nbsp; Village of Island Park Series A | 4.50 | &nbsp;&nbsp; 2-15-2031 | 105000 | &nbsp;&nbsp; 110110 |
| &nbsp;&nbsp;&nbsp; Village of Island Park Series A | 4.50 | &nbsp;&nbsp; 2-15-2033 | 120000 | &nbsp;&nbsp; 125021 |
| &nbsp;&nbsp;&nbsp; Village of Island Park Series A | 4.50 | &nbsp;&nbsp; 2-15-2034 | 125000 | &nbsp;&nbsp; 128818 |
| &nbsp;&nbsp;&nbsp; Village of Island Park Series A | 4.50 | &nbsp;&nbsp; 2-15-2035 | 125000 | &nbsp;&nbsp; 127845 |

---

See accompanying notes to portfolio of investments

Allspring Strategic Municipal Bond Fund \| 23

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **GO revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Village of Island Park Series A | 4.50<br> %<br>| &nbsp;&nbsp; 2-15-2036 | $135000 | &nbsp;&nbsp; $137266 |
| &nbsp;&nbsp;&nbsp; Village of Island Park Series A | 4.50 | &nbsp;&nbsp; 2-15-2037 | 65000 | &nbsp;&nbsp; 65488 |
| &nbsp;&nbsp;&nbsp; Village of Island Park Series A | 4.75 | &nbsp;&nbsp; 2-15-2038 | 145000 | &nbsp;&nbsp; 146429 |
| &nbsp;&nbsp;&nbsp; Village of Island Park Series A | 4.75 | &nbsp;&nbsp; 2-15-2039 | 155000 | &nbsp;&nbsp; 155753 |
| &nbsp;&nbsp;&nbsp; Village of Island Park Series A | 4.75 | &nbsp;&nbsp; 2-15-2040 | 165000 | &nbsp;&nbsp; 164506 |
| &nbsp;&nbsp;&nbsp; Village of Island Park Series A | 4.75 | &nbsp;&nbsp; 2-15-2041 | 170000 | &nbsp;&nbsp; 167437 |
|  |  |  |  | &nbsp;&nbsp; **7260643** |
| **Health revenue: 1.56%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mizuho Floater/Residual Trust Series 2025-MIZ9208 (Mizuho Capital <br> Markets LLC LOC, Mizuho Capital Markets LLC LIQ)144Aøø<br>| 3.12 | &nbsp;&nbsp; 8-10-2027 | 8000000 | &nbsp;&nbsp; 8000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Health & Hospitals Corp. Series B (TD Bank N.A. <br> LOC)ø<br>| 2.85 | &nbsp;&nbsp; 2-15-2031 | 1165000 | &nbsp;&nbsp; 1165000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State Dormitory Authority Montefiore Obligated Group <br> Series A<br>| 4.00 | &nbsp;&nbsp; 8-1-2036 | 8000000 | &nbsp;&nbsp; 7823394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State Dormitory Authority Montefiore Obligated Group <br> Series A<br>| 4.00 | &nbsp;&nbsp; 8-1-2037 | 3000000 | &nbsp;&nbsp; 2879789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State Dormitory Authority Montefiore Obligated Group <br> Series A<br>| 4.00 | &nbsp;&nbsp; 8-1-2038 | 5965000 | &nbsp;&nbsp; 5661723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State Dormitory Authority Montefiore Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 9-1-2028 | 1400000 | &nbsp;&nbsp; 1474154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State Dormitory Authority Montefiore Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 9-1-2029 | 1350000 | &nbsp;&nbsp; 1433920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Onondaga Civic Development Corp. Crouse Health Hospital, Inc. <br> Obligated Group Series A<br>| 5.00 | &nbsp;&nbsp; 8-1-2029 | 115000 | &nbsp;&nbsp; 115017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Onondaga Civic Development Corp. Crouse Health Hospital, Inc. <br> Obligated Group Series A<br>| 5.00 | &nbsp;&nbsp; 8-1-2030 | 200000 | &nbsp;&nbsp; 199283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Onondaga Civic Development Corp. Crouse Health Hospital, Inc. <br> Obligated Group Series A<br>| 5.00 | &nbsp;&nbsp; 8-1-2032 | 250000 | &nbsp;&nbsp; 245657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Onondaga Civic Development Corp. Crouse Health Hospital, Inc. <br> Obligated Group Series A<br>| 5.00 | &nbsp;&nbsp; 8-1-2034 | 750000 | &nbsp;&nbsp; 721239 |
|  |  |  |  | &nbsp;&nbsp; **29719176** |
| **Housing revenue: 1.32%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Empire State Development Corp. State of New York Sales Tax <br> Revenue Series A<br>| 4.00 | &nbsp;&nbsp; 3-15-2042 | 5000000 | &nbsp;&nbsp; 4847010 |
| &nbsp;&nbsp;&nbsp; New York City Housing Development Corp. Series A-2øø | 3.73 | &nbsp;&nbsp; 5-1-2063 | 5000000 | &nbsp;&nbsp; 5022386 |
| &nbsp;&nbsp;&nbsp; New York Liberty Development Corp. Series A | 1.70 | &nbsp;&nbsp; 11-15-2030 | 4000000 | &nbsp;&nbsp; 3592817 |
| &nbsp;&nbsp;&nbsp; New York Liberty Development Corp. Series A | 2.10 | &nbsp;&nbsp; 11-15-2032 | 5000000 | &nbsp;&nbsp; 4409727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State Housing Finance Agency Series J-2 (Department of <br> Housing and Urban Development Insured)øø<br>| 1.10 | &nbsp;&nbsp; 11-1-2061 | 2425000 | &nbsp;&nbsp; 2338858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of New York Mortgage Agency Homeowner Mortgage <br> Revenue Series 235 AMT<br>| 1.00 | &nbsp;&nbsp; 10-1-2025 | 2415000 | &nbsp;&nbsp; 2415000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of New York Mortgage Agency Homeowner Mortgage <br> Revenue Series 235 AMT<br>| 1.05 | &nbsp;&nbsp; 4-1-2026 | 1275000 | &nbsp;&nbsp; 1255159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of New York Mortgage Agency Homeowner Mortgage <br> Revenue Series 235 AMT<br>| 1.15 | &nbsp;&nbsp; 10-1-2026 | 1335000 | &nbsp;&nbsp; 1298124 |
|  |  |  |  | &nbsp;&nbsp; **25179081** |

---

See accompanying notes to portfolio of investments

24 \| Allspring Strategic Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Industrial development revenue: 0.73%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; New York Liberty Development Corp. One Bryant Park LLC Class 3 | 2.80<br> %<br>| &nbsp;&nbsp; 9-15-2069 | $2000000 | &nbsp;&nbsp; $1855824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Transportation Development Corp. American Airlines, Inc. <br> AMT<br>| 2.25 | &nbsp;&nbsp; 8-1-2026 | 420000 | &nbsp;&nbsp; 416134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Transportation Development Corp. Delta Air Lines, Inc. <br> AMT<br>| 4.00 | &nbsp;&nbsp; 10-1-2030 | 750000 | &nbsp;&nbsp; 760516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Transportation Development Corp. Delta Air Lines, Inc. <br> AMT<br>| 5.00 | &nbsp;&nbsp; 10-1-2035 | 9250000 | &nbsp;&nbsp; 9663692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Transportation Development Corp. Empire State Thruway <br> Partners LLC AMT<br>| 2.50 | &nbsp;&nbsp; 10-31-2031 | 750000 | &nbsp;&nbsp; 664971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Transportation Development Corp. Empire State Thruway <br> Partners LLC AMT<br>| 4.00 | &nbsp;&nbsp; 10-31-2034 | 500000 | &nbsp;&nbsp; 499011 |
|  |  |  |  | &nbsp;&nbsp; **13860148** |
| **Miscellaneous revenue: 1.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Industrial Development Agency Queens Ballpark <br> Co. LLC Series A (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 1-1-2030 | 1750000 | &nbsp;&nbsp; 1908347 |
| &nbsp;&nbsp;&nbsp; Suffolk Regional Off-Track Betting Corp. | 5.00 | &nbsp;&nbsp; 12-1-2034 | 10000000 | &nbsp;&nbsp; 10255764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Triborough Bridge & Tunnel Authority Metropolitan Transportation <br> Authority Payroll Mobility Tax Revenue Series A-2øø<br>| 2.00 | &nbsp;&nbsp; 5-15-2045 | 7900000 | &nbsp;&nbsp; 7588584 |
| &nbsp;&nbsp;&nbsp; Western Regional Off-Track Betting Corp.144A | 3.00 | &nbsp;&nbsp; 12-1-2026 | 210000 | &nbsp;&nbsp; 207264 |
|  |  |  |  | &nbsp;&nbsp; **19959959** |
| **Resource recovery revenue: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State Environmental Facilities Corp. Casella Waste <br> Systems, Inc. Series R-1 AMT144Aøø<br>| 4.25 | &nbsp;&nbsp; 9-1-2050 | 1625000 | &nbsp;&nbsp; **1639997** |
| **Tax revenue: 1.59%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future Tax Secured <br> Revenue Series A-1<br>| 4.00 | &nbsp;&nbsp; 8-1-2041 | 3000000 | &nbsp;&nbsp; 2907376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future Tax Secured <br> Revenue Series A-3 (Mizuho Bank Limited SPA)ø<br>| 3.61 | &nbsp;&nbsp; 8-1-2043 | 2100000 | &nbsp;&nbsp; 2100000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future Tax Secured <br> Revenue Series B-1<br>| 4.00 | &nbsp;&nbsp; 8-1-2036 | 5000000 | &nbsp;&nbsp; 5023162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future Tax Secured <br> Revenue Series B-1<br>| 4.00 | &nbsp;&nbsp; 8-1-2042 | 5000000 | &nbsp;&nbsp; 4738337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future Tax Secured <br> Revenue Series C-3<br>| 4.00 | &nbsp;&nbsp; 5-1-2042 | 7600000 | &nbsp;&nbsp; 7312696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future Tax Secured <br> Revenue Series A-2 (Bank of America N.A. SPA)ø<br>| 3.50 | &nbsp;&nbsp; 5-1-2055 | 4000000 | &nbsp;&nbsp; 4000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future Tax Secured <br> Revenue Series C<br>| 5.00 | &nbsp;&nbsp; 5-1-2042 | 4000000 | &nbsp;&nbsp; 4299569 |
|  |  |  |  | &nbsp;&nbsp; **30381140** |
| **Transportation revenue: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority Series G-1F <br> (U.S. SOFR+0.43%)±<br>| 3.22 | &nbsp;&nbsp; 11-1-2026 | 440000 | &nbsp;&nbsp; **439846** |
| **Utilities revenue: 0.59%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Long Island Power Authority Series Bøø | 1.50 | &nbsp;&nbsp; 9-1-2051 | 3500000 | &nbsp;&nbsp; 3447499 |

---

See accompanying notes to portfolio of investments

Allspring Strategic Municipal Bond Fund \| 25

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Utilities revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State Energy Research & Development Authority Electric <br> & Gas Corp. Series C<br>| 4.00<br> %<br>| &nbsp;&nbsp; 4-1-2034 | $4000000 | &nbsp;&nbsp; $4087249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts/Certificates Series XL0597 (AG <br> Insured) (Bank of America N.A. LIQ)144Aø<br>| 2.94 | &nbsp;&nbsp; 11-15-2063 | 3750000 | &nbsp;&nbsp; 3750000 |
|  |  |  |  | &nbsp;&nbsp; **11284748** |
| **Water & sewer revenue: 0.86%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Municipal Water Finance Authority Water & Sewer <br> System (U.S. Bank N.A. SPA)ø<br>| 3.50 | &nbsp;&nbsp; 6-15-2043 | 10500000 | &nbsp;&nbsp; 10500000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Municipal Water Finance Authority Water & Sewer <br> System Series AA<br>| 4.00 | &nbsp;&nbsp; 6-15-2040 | 6000000 | &nbsp;&nbsp; 5893941 |
|  |  |  |  | &nbsp;&nbsp; **16393941** |
|  |  |  |  | &nbsp;&nbsp; **203465492** |
| **North Carolina: 0.88%** |  |  |  |  |
| **Education revenue: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Carolina Capital Facilities Finance Agency Campbell <br> University, Inc. Series A<br>| 5.00 | &nbsp;&nbsp; 10-1-2028 | 450000 | &nbsp;&nbsp; 470313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Carolina Capital Facilities Finance Agency Campbell <br> University, Inc. Series A<br>| 5.00 | &nbsp;&nbsp; 10-1-2029 | 550000 | &nbsp;&nbsp; 581743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Carolina Capital Facilities Finance Agency Campbell <br> University, Inc. Series A<br>| 5.00 | &nbsp;&nbsp; 10-1-2030 | 450000 | &nbsp;&nbsp; 480593 |
|  |  |  |  | &nbsp;&nbsp; **1532649** |
| **Health revenue: 0.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charlotte-Mecklenburg Hospital Authority Atrium Health Obligated <br> Group Series Eøø<br>| 0.80 | &nbsp;&nbsp; 1-15-2048 | 2000000 | &nbsp;&nbsp; 1996013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Carolina Medical Care Commission Friends Homes Obligated <br> Group Series B-1<br>| 2.55 | &nbsp;&nbsp; 9-1-2026 | 1575000 | &nbsp;&nbsp; 1552328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Carolina Medical Care Commission Lutheran Services for the <br> Aging, Inc. Obligated Group Series A<br>| 4.00 | &nbsp;&nbsp; 3-1-2029 | 275000 | &nbsp;&nbsp; 276977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Carolina Medical Care Commission Lutheran Services for the <br> Aging, Inc. Obligated Group Series A<br>| 4.00 | &nbsp;&nbsp; 3-1-2030 | 285000 | &nbsp;&nbsp; 287533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Carolina Medical Care Commission Lutheran Services for the <br> Aging, Inc. Obligated Group Series A<br>| 4.00 | &nbsp;&nbsp; 3-1-2031 | 290000 | &nbsp;&nbsp; 292434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Carolina Medical Care Commission Lutheran Services for the <br> Aging, Inc. Obligated Group Series A<br>| 4.00 | &nbsp;&nbsp; 3-1-2036 | 900000 | &nbsp;&nbsp; 870404 |
|  |  |  |  | &nbsp;&nbsp; **5275689** |
| **Housing revenue: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Carolina Housing Finance Agency Series 54-A (GNMA / FNMA <br> / FHLMC Insured)<br>| 4.15 | &nbsp;&nbsp; 7-1-2039 | 2500000 | &nbsp;&nbsp; **2486869** |
| **Resource recovery revenue: 0.39%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Carolina Capital Facilities Finance Agency Republic Services, <br> Inc. AMTøø<br>| 3.55 | &nbsp;&nbsp; 6-1-2038 | 7500000 | &nbsp;&nbsp; **7500000** |
|  |  |  |  | &nbsp;&nbsp; **16795207** |

---

See accompanying notes to portfolio of investments

26 \| Allspring Strategic Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **North Dakota: 1.05%** |  |  |  |  |
| **GO revenue: 0.50%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; McKenzie County Public School District No. 1 Series A | 5.00<br> %<br>| &nbsp;&nbsp; 8-1-2026 | $1115000 | &nbsp;&nbsp; $1134018 |
| &nbsp;&nbsp;&nbsp; McKenzie County Public School District No. 1 Series A | 5.00 | &nbsp;&nbsp; 8-1-2027 | 1170000 | &nbsp;&nbsp; 1214708 |
| &nbsp;&nbsp;&nbsp; McKenzie County Public School District No. 1 Series A | 5.00 | &nbsp;&nbsp; 8-1-2028 | 1225000 | &nbsp;&nbsp; 1295163 |
| &nbsp;&nbsp;&nbsp; McKenzie County Public School District No. 1 Series A | 5.00 | &nbsp;&nbsp; 8-1-2029 | 1290000 | &nbsp;&nbsp; 1377402 |
| &nbsp;&nbsp;&nbsp; McKenzie County Public School District No. 1 Series A | 5.00 | &nbsp;&nbsp; 8-1-2030 | 1355000 | &nbsp;&nbsp; 1445267 |
| &nbsp;&nbsp;&nbsp; McKenzie County Public School District No. 1 Series A | 5.00 | &nbsp;&nbsp; 8-1-2031 | 1420000 | &nbsp;&nbsp; 1510594 |
| &nbsp;&nbsp;&nbsp; McKenzie County Public School District No. 1 Series A | 5.00 | &nbsp;&nbsp; 8-1-2032 | 1490000 | &nbsp;&nbsp; 1579579 |
|  |  |  |  | &nbsp;&nbsp; **9556731** |
| **Health revenue: 0.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Grand Forks Altru Health System Obligated Group | 5.00 | &nbsp;&nbsp; 12-1-2029 | 1650000 | &nbsp;&nbsp; 1744518 |
| &nbsp;&nbsp;&nbsp; City of Grand Forks Altru Health System Obligated Group | 5.00 | &nbsp;&nbsp; 12-1-2030 | 1600000 | &nbsp;&nbsp; 1708073 |
|  |  |  |  | &nbsp;&nbsp; **3452591** |
| **Housing revenue: 0.37%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; North Dakota Housing Finance Agency Series D | 3.95 | &nbsp;&nbsp; 1-1-2035 | 2075000 | &nbsp;&nbsp; 2103070 |
| &nbsp;&nbsp;&nbsp; North Dakota Housing Finance Agency Series D | 3.95 | &nbsp;&nbsp; 7-1-2035 | 2375000 | &nbsp;&nbsp; 2400692 |
| &nbsp;&nbsp;&nbsp; North Dakota Housing Finance Agency Series D | 4.00 | &nbsp;&nbsp; 1-1-2036 | 1175000 | &nbsp;&nbsp; 1206051 |
| &nbsp;&nbsp;&nbsp; North Dakota Housing Finance Agency Series D | 4.00 | &nbsp;&nbsp; 7-1-2036 | 1225000 | &nbsp;&nbsp; 1252649 |
|  |  |  |  | &nbsp;&nbsp; **6962462** |
|  |  |  |  | &nbsp;&nbsp; **19971784** |
| **Ohio: 1.37%** |  |  |  |  |
| **Education revenue: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allen County Port Authority University of Northwestern Ohio <br> Series A<br>| 4.00 | &nbsp;&nbsp; 12-1-2031 | 710000 | &nbsp;&nbsp; 704168 |
| &nbsp;&nbsp;&nbsp; Port of Greater Cincinnati Development Authorityøø | 4.38 | &nbsp;&nbsp; 6-15-2056 | 2340000 | &nbsp;&nbsp; 2318415 |
|  |  |  |  | &nbsp;&nbsp; **3022583** |
| **Health revenue: 0.29%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Hamilton UC Health Obligated Group | 5.00 | &nbsp;&nbsp; 9-15-2027 | 615000 | &nbsp;&nbsp; 636621 |
| &nbsp;&nbsp;&nbsp; County of Hamilton UC Health Obligated Group | 5.00 | &nbsp;&nbsp; 9-15-2028 | 650000 | &nbsp;&nbsp; 683931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Montgomery Premier Health Partners Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 11-15-2033 | 4000000 | &nbsp;&nbsp; 4196740 |
|  |  |  |  | &nbsp;&nbsp; **5517292** |
| **Tax revenue: 0.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Akron Income Tax Revenue | 4.00 | &nbsp;&nbsp; 12-1-2029 | 4515000 | &nbsp;&nbsp; 4736603 |
| &nbsp;&nbsp;&nbsp; City of Akron Income Tax Revenue | 4.00 | &nbsp;&nbsp; 12-1-2030 | 1830000 | &nbsp;&nbsp; 1924110 |
|  |  |  |  | &nbsp;&nbsp; **6660713** |
| **Utilities revenue: 0.57%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Municipal Power, Inc. Fremont Energy Center Revenue <br> Series A<br>| 5.00 | &nbsp;&nbsp; 2-15-2031 | 1700000 | &nbsp;&nbsp; 1898177 |

---

See accompanying notes to portfolio of investments

Allspring Strategic Municipal Bond Fund \| 27

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Utilities revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ohio Air Quality Development Authority Valley Electric Corp. <br> Series A<br>| 3.25<br> %<br>| &nbsp;&nbsp; 9-1-2029 | $7000000 | &nbsp;&nbsp; $6928132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ohio Air Quality Development Authority Valley Electric Corp. <br> Series Cøø<br>| 1.50 | &nbsp;&nbsp; 2-1-2026 | 2000000 | &nbsp;&nbsp; 1993714 |
|  |  |  |  | &nbsp;&nbsp; **10820023** |
|  |  |  |  | &nbsp;&nbsp; **26020611** |
| **Oklahoma: 1.13%** |  |  |  |  |
| **Education revenue: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oklahoma County Finance Authority Aerospace Science & <br> Technology Education Center, Inc.144A<br>| 5.25 | &nbsp;&nbsp; 6-15-2034 | 750000 | &nbsp;&nbsp; 754150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oklahoma Development Finance Authority University Obligated <br> Group<br>| 5.00 | &nbsp;&nbsp; 8-1-2026 | 975000 | &nbsp;&nbsp; 984549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oklahoma Development Finance Authority University Obligated <br> Group<br>| 5.00 | &nbsp;&nbsp; 8-1-2027 | 1370000 | &nbsp;&nbsp; 1405533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oklahoma Development Finance Authority University Obligated <br> Group<br>| 5.00 | &nbsp;&nbsp; 8-1-2028 | 715000 | &nbsp;&nbsp; 742608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oklahoma Development Finance Authority University Obligated <br> Group<br>| 5.00 | &nbsp;&nbsp; 8-1-2029 | 755000 | &nbsp;&nbsp; 792726 |
|  |  |  |  | &nbsp;&nbsp; **4679566** |
| **Housing revenue: 0.54%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Muskogee Industrial Trust Independent School District No. 20 | 4.00 | &nbsp;&nbsp; 9-1-2028 | 2500000 | &nbsp;&nbsp; 2530200 |
| &nbsp;&nbsp;&nbsp; Muskogee Industrial Trust Independent School District No. 20 | 5.00 | &nbsp;&nbsp; 9-1-2026 | 1810000 | &nbsp;&nbsp; 1837812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oklahoma County Finance Authority Independent School District <br> No. 41 Western Heights<br>| 5.00 | &nbsp;&nbsp; 9-1-2034 | 2000000 | &nbsp;&nbsp; 2107478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oklahoma County Finance Authority Independent School District <br> No. 41 Western Heights<br>| 5.00 | &nbsp;&nbsp; 9-1-2035 | 3750000 | &nbsp;&nbsp; 3908638 |
|  |  |  |  | &nbsp;&nbsp; **10384128** |
| **Industrial development revenue: 0.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Tulsa Municipal Airport Trust Trustees American Airlines, Inc. AMT | 6.25 | &nbsp;&nbsp; 12-1-2035 | 2000000 | &nbsp;&nbsp; **2287439** |
| **Tax revenue: 0.22%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Tulsa Public Facilities Authority | 4.00 | &nbsp;&nbsp; 10-1-2027 | 4050000 | &nbsp;&nbsp; **4108512** |
|  |  |  |  | &nbsp;&nbsp; **21459645** |
| **Oregon: 0.75%** |  |  |  |  |
| **Airport revenue: 0.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Port of Portland Airport Revenue Series 30A AMT | 5.00 | &nbsp;&nbsp; 7-1-2033 | 6000000 | &nbsp;&nbsp; **6707093** |
| **GO revenue: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Redmond Airport Expansion Projects Series A AMT | 5.00 | &nbsp;&nbsp; 6-1-2032 | 950000 | &nbsp;&nbsp; 1040535 |
| &nbsp;&nbsp;&nbsp; City of Redmond Airport Expansion Projects Series A AMT | 5.00 | &nbsp;&nbsp; 6-1-2034 | 1060000 | &nbsp;&nbsp; 1166295 |
| &nbsp;&nbsp;&nbsp; City of Redmond Airport Expansion Projects Series A AMT | 5.00 | &nbsp;&nbsp; 6-1-2036 | 1450000 | &nbsp;&nbsp; 1569029 |
|  |  |  |  | &nbsp;&nbsp; **3775859** |

---

See accompanying notes to portfolio of investments

28 \| Allspring Strategic Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Health revenue: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oregon State Facilities Authority Samaritan Health Services, Inc. <br> Obligated Group Series A<br>| 5.00<br> %<br>| &nbsp;&nbsp; 10-1-2025 | $400000 | &nbsp;&nbsp; $400000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oregon State Facilities Authority Samaritan Health Services, Inc. <br> Obligated Group Series A<br>| 5.00 | &nbsp;&nbsp; 10-1-2026 | 125000 | &nbsp;&nbsp; 126783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oregon State Facilities Authority Samaritan Health Services, Inc. <br> Obligated Group Series A<br>| 5.00 | &nbsp;&nbsp; 10-1-2027 | 300000 | &nbsp;&nbsp; 309923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oregon State Facilities Authority Samaritan Health Services, Inc. <br> Obligated Group Series A<br>| 5.00 | &nbsp;&nbsp; 10-1-2031 | 1750000 | &nbsp;&nbsp; 1756975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Yamhill County Hospital Authority Friendsview Manor Obligated <br> Group Series A<br>| 5.00 | &nbsp;&nbsp; 11-15-2036 | 1220000 | &nbsp;&nbsp; 1214399 |
|  |  |  |  | &nbsp;&nbsp; **3808080** |
|  |  |  |  | &nbsp;&nbsp; **14291032** |
| **Pennsylvania: 5.44%** |  |  |  |  |
| **Airport revenue: 0.30%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Allegheny County Airport Authority Series A AMT | 5.00 | &nbsp;&nbsp; 1-1-2030 | 3000000 | &nbsp;&nbsp; 3238478 |
| &nbsp;&nbsp;&nbsp; Allegheny County Airport Authority Series A AMT | 5.00 | &nbsp;&nbsp; 1-1-2031 | 2250000 | &nbsp;&nbsp; 2454596 |
|  |  |  |  | &nbsp;&nbsp; **5693074** |
| **Education revenue: 1.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Chester County IDA Avon Grove Charter School | 5.00 | &nbsp;&nbsp; 3-1-2027 | 2100000 | &nbsp;&nbsp; 2124605 |
| &nbsp;&nbsp;&nbsp; Chester County IDA Avon Grove Charter School Series A | 4.00 | &nbsp;&nbsp; 12-15-2027 | 785000 | &nbsp;&nbsp; 789547 |
| &nbsp;&nbsp;&nbsp; Chester County IDA Collegium Charter School144A | 5.00 | &nbsp;&nbsp; 10-15-2032 | 2280000 | &nbsp;&nbsp; 2303721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General Authority of Southcentral Pennsylvania York College <br> Series TT2<br>| 5.00 | &nbsp;&nbsp; 5-1-2029 | 245000 | &nbsp;&nbsp; 260896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General Authority of Southcentral Pennsylvania York College <br> Series TT2<br>| 5.00 | &nbsp;&nbsp; 5-1-2030 | 395000 | &nbsp;&nbsp; 427014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General Authority of Southcentral Pennsylvania York College <br> Series TT2<br>| 5.00 | &nbsp;&nbsp; 5-1-2031 | 485000 | &nbsp;&nbsp; 530183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lehigh County General Purpose Authority Valley Academy Regional <br> Charter School<br>| 4.00 | &nbsp;&nbsp; 6-1-2030 | 1175000 | &nbsp;&nbsp; 1196087 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Higher Education Assistance Agency Series 1A AMT | 5.00 | &nbsp;&nbsp; 6-1-2030 | 3250000 | &nbsp;&nbsp; 3454569 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Higher Education Assistance Agency Series 1A AMT | 5.00 | &nbsp;&nbsp; 6-1-2031 | 3500000 | &nbsp;&nbsp; 3732477 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Higher Education Assistance Agency Series A | 5.00 | &nbsp;&nbsp; 6-1-2028 | 600000 | &nbsp;&nbsp; 619735 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Higher Education Assistance Agency Series A | 5.00 | &nbsp;&nbsp; 6-1-2030 | 800000 | &nbsp;&nbsp; 846823 |
| &nbsp;&nbsp;&nbsp; Philadelphia IDA Frankford Valley Foundation for Literacy144A | 4.50 | &nbsp;&nbsp; 6-15-2034 | 1250000 | &nbsp;&nbsp; 1245404 |
| &nbsp;&nbsp;&nbsp; Philadelphia IDA Independence Charter School West | 4.00 | &nbsp;&nbsp; 6-15-2029 | 200000 | &nbsp;&nbsp; 196816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Philadelphia IDA Mathematics Science & Technology Community <br> Charter School Series A<br>| 4.50 | &nbsp;&nbsp; 8-1-2026 | 490000 | &nbsp;&nbsp; 492490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Philadelphia IDA Mathematics Science & Technology Community <br> Charter School Series B<br>| 4.88 | &nbsp;&nbsp; 8-1-2026 | 320000 | &nbsp;&nbsp; 321448 |
| &nbsp;&nbsp;&nbsp; Philadelphia IDA Tacony Academy Charter School144A | 5.00 | &nbsp;&nbsp; 6-15-2033 | 1630000 | &nbsp;&nbsp; 1634156 |
| &nbsp;&nbsp;&nbsp; Philadelphia IDA Tacony Academy Charter School144A | 5.38 | &nbsp;&nbsp; 6-15-2038 | 500000 | &nbsp;&nbsp; 496982 |
|  |  |  |  | &nbsp;&nbsp; **20672953** |
| **GO revenue: 1.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Armstrong School District Series A (BAM Insured) | 5.00 | &nbsp;&nbsp; 3-15-2029 | 920000 | &nbsp;&nbsp; 988569 |
| &nbsp;&nbsp;&nbsp; City of Philadelphia Series B (Truist Bank LOC)ø | 2.92 | &nbsp;&nbsp; 8-1-2031 | 4500000 | &nbsp;&nbsp; 4500000 |

---

See accompanying notes to portfolio of investments

Allspring Strategic Municipal Bond Fund \| 29

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **GO revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Laurel Highlands School District (BAM Insured) | 3.00<br> %<br>| &nbsp;&nbsp; 2-1-2030 | $675000 | &nbsp;&nbsp; $676536 |
| &nbsp;&nbsp;&nbsp; Laurel Highlands School District (BAM Insured) | 4.00 | &nbsp;&nbsp; 2-1-2027 | 980000 | &nbsp;&nbsp; 994316 |
| &nbsp;&nbsp;&nbsp; Laurel Highlands School District (BAM Insured) | 4.00 | &nbsp;&nbsp; 2-1-2029 | 1150000 | &nbsp;&nbsp; 1181958 |
| &nbsp;&nbsp;&nbsp; Lower Moreland Township School District | 4.00 | &nbsp;&nbsp; 11-1-2043 | 1000000 | &nbsp;&nbsp; 965562 |
| &nbsp;&nbsp;&nbsp; Phoenixville Area School District | 4.00 | &nbsp;&nbsp; 11-15-2038 | 4290000 | &nbsp;&nbsp; 4273440 |
| &nbsp;&nbsp;&nbsp; Phoenixville Area School District | 4.00 | &nbsp;&nbsp; 11-15-2039 | 2870000 | &nbsp;&nbsp; 2834908 |
| &nbsp;&nbsp;&nbsp; School District of Philadelphia Series A | 5.00 | &nbsp;&nbsp; 9-1-2030 | 2500000 | &nbsp;&nbsp; 2708400 |
| &nbsp;&nbsp;&nbsp; School District of Philadelphia Series A | 5.00 | &nbsp;&nbsp; 9-1-2031 | 2500000 | &nbsp;&nbsp; 2699204 |
|  |  |  |  | &nbsp;&nbsp; **21822893** |
| **Health revenue: 0.82%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bucks County IDA Grand View Hospital/Sellersville Obligated <br> Group<br>| 5.00 | &nbsp;&nbsp; 7-1-2026 | 1350000 | &nbsp;&nbsp; 1352689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bucks County IDA Grand View Hospital/Sellersville Obligated <br> Group<br>| 5.00 | &nbsp;&nbsp; 7-1-2028 | 1500000 | &nbsp;&nbsp; 1566629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bucks County IDA Grand View Hospital/Sellersville Obligated <br> Group<br>| 5.00 | &nbsp;&nbsp; 7-1-2031 | 1120000 | &nbsp;&nbsp; 1210210 |
| &nbsp;&nbsp;&nbsp; Bucks County IDA St. Luke's Hospital Obligated Group | 4.00 | &nbsp;&nbsp; 8-15-2031 | 750000 | &nbsp;&nbsp; 764067 |
| &nbsp;&nbsp;&nbsp; Bucks County IDA St. Luke's Hospital Obligated Group | 4.00 | &nbsp;&nbsp; 8-15-2032 | 1390000 | &nbsp;&nbsp; 1411387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lancaster County Hospital Authority University of Pennsylvania <br> Health System Obligated Group<br>| 5.00 | &nbsp;&nbsp; 8-15-2046 | 5500000 | &nbsp;&nbsp; 5520071 |
| &nbsp;&nbsp;&nbsp; Lancaster IDA Landis Homes Obligated Group | 4.00 | &nbsp;&nbsp; 7-1-2031 | 300000 | &nbsp;&nbsp; 303967 |
| &nbsp;&nbsp;&nbsp; Lancaster IDA Landis Homes Obligated Group | 4.00 | &nbsp;&nbsp; 7-1-2037 | 345000 | &nbsp;&nbsp; 331728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pennsylvania EDFA Presbyterian Homes Obligated Group <br> Series B-2<br>| 5.25 | &nbsp;&nbsp; 7-1-2046 | 1000000 | &nbsp;&nbsp; 1005039 |
| &nbsp;&nbsp;&nbsp; Pennsylvania EDFA UPMC Obligated Group Series A | 4.00 | &nbsp;&nbsp; 11-15-2042 | 1000000 | &nbsp;&nbsp; 903644 |
| &nbsp;&nbsp;&nbsp; Westmoreland County IDA Excela Health Obligated Group Series A | 5.00 | &nbsp;&nbsp; 7-1-2027 | 1200000 | &nbsp;&nbsp; 1232248 |
|  |  |  |  | &nbsp;&nbsp; **15601679** |
| **Housing revenue: 0.99%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pennsylvania EDFA Commonwealth of Pennsylvania Motor License <br> Fund AMT<br>| 5.00 | &nbsp;&nbsp; 6-30-2032 | 2770000 | &nbsp;&nbsp; 3035773 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Housing Finance Agency Series 128A AMT | 4.75 | &nbsp;&nbsp; 4-1-2033 | 110000 | &nbsp;&nbsp; 110163 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Housing Finance Agency Series 142-A | 4.20 | &nbsp;&nbsp; 10-1-2035 | 4475000 | &nbsp;&nbsp; 4568356 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Housing Finance Agency Series 142-A | 4.50 | &nbsp;&nbsp; 10-1-2038 | 5800000 | &nbsp;&nbsp; 5914856 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Housing Finance Agency Series 142-A | 5.50 | &nbsp;&nbsp; 10-1-2053 | 2575000 | &nbsp;&nbsp; 2730092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Public School Building Authority School District of <br> Philadelphia Series A (AG Insured)<br>| 5.00 | &nbsp;&nbsp; 6-1-2033 | 2500000 | &nbsp;&nbsp; 2546647 |
|  |  |  |  | &nbsp;&nbsp; **18905887** |
| **Miscellaneous revenue: 0.00%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware Valley Regional Finance Authority Series C (Ambac <br> Insured)<br>| 7.75 | &nbsp;&nbsp; 7-1-2027 | 80000 | &nbsp;&nbsp; **86982** |
| **Resource recovery revenue: 0.56%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Pennsylvania EDFA Noble Environmental, Inc.144A | 6.88 | &nbsp;&nbsp; 9-1-2047 | 3500000 | &nbsp;&nbsp; 3584577 |
| &nbsp;&nbsp;&nbsp; Pennsylvania EDFA Republic Services, Inc. AMTøø | 3.70 | &nbsp;&nbsp; 6-1-2044 | 7000000 | &nbsp;&nbsp; 7000000 |
|  |  |  |  | &nbsp;&nbsp; **10584577** |

---

See accompanying notes to portfolio of investments

30 \| Allspring Strategic Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Tax revenue: 0.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allentown Neighborhood Improvement Zone Development <br> Authority<br>| 5.00<br> %<br>| &nbsp;&nbsp; 5-1-2029 | $500000 | &nbsp;&nbsp; $529589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allentown Neighborhood Improvement Zone Development <br> Authority<br>| 5.00 | &nbsp;&nbsp; 5-1-2030 | 500000 | &nbsp;&nbsp; 537150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allentown Neighborhood Improvement Zone Development <br> Authority<br>| 5.00 | &nbsp;&nbsp; 5-1-2031 | 550000 | &nbsp;&nbsp; 598678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allentown Neighborhood Improvement Zone Development <br> Authority<br>| 5.00 | &nbsp;&nbsp; 5-1-2032 | 600000 | &nbsp;&nbsp; 656113 |
|  |  |  |  | &nbsp;&nbsp; **2321530** |
| **Transportation revenue: 0.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Lancaster City Parking Authority Series A (BAM Insured) | 4.00 | &nbsp;&nbsp; 9-1-2027 | 570000 | &nbsp;&nbsp; 581215 |
| &nbsp;&nbsp;&nbsp; Lancaster City Parking Authority Series A (BAM Insured) | 4.00 | &nbsp;&nbsp; 9-1-2028 | 1185000 | &nbsp;&nbsp; 1205361 |
| &nbsp;&nbsp;&nbsp; Lancaster City Parking Authority Series A (BAM Insured) | 4.00 | &nbsp;&nbsp; 9-1-2029 | 410000 | &nbsp;&nbsp; 417216 |
| &nbsp;&nbsp;&nbsp; Lancaster City Parking Authority Series A (BAM Insured) | 4.00 | &nbsp;&nbsp; 9-1-2030 | 425000 | &nbsp;&nbsp; 432549 |
| &nbsp;&nbsp;&nbsp; Lancaster City Parking Authority Series A (BAM Insured) | 4.00 | &nbsp;&nbsp; 9-1-2031 | 440000 | &nbsp;&nbsp; 447211 |
| &nbsp;&nbsp;&nbsp; Lancaster City Parking Authority Series A (BAM Insured) | 4.00 | &nbsp;&nbsp; 9-1-2032 | 460000 | &nbsp;&nbsp; 466291 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Turnpike Commission Series 2017-3 | 5.00 | &nbsp;&nbsp; 12-1-2040 | 1365000 | &nbsp;&nbsp; 1385674 |
|  |  |  |  | &nbsp;&nbsp; **4935517** |
| **Water & sewer revenue: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Luzerne County IDA Pennsylvania-American Water Co. AMTøø | 2.45 | &nbsp;&nbsp; 12-1-2039 | 3250000 | &nbsp;&nbsp; **3001699** |
|  |  |  |  | &nbsp;&nbsp; **103626791** |
| **Rhode Island: 0.08%** |  |  |  |  |
| **GO revenue: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Providence Series A | 5.00 | &nbsp;&nbsp; 1-15-2026 | 450000 | &nbsp;&nbsp; **452476** |
| **Housing revenue: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Providence Public Building Authority Capital Improvement Program <br> Projects Series A (AG Insured)<br>| 5.25 | &nbsp;&nbsp; 9-15-2043 | 1000000 | &nbsp;&nbsp; 1063347 |
| &nbsp;&nbsp;&nbsp; Rhode Island Housing & Mortgage Finance Corp. Series 10-A | 6.50 | &nbsp;&nbsp; 4-1-2027 | 15000 | &nbsp;&nbsp; 15037 |
|  |  |  |  | &nbsp;&nbsp; **1078384** |
|  |  |  |  | &nbsp;&nbsp; **1530860** |
| **South Carolina: 0.48%** |  |  |  |  |
| **Airport revenue: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Charleston County Airport District Series A AMT | 5.25 | &nbsp;&nbsp; 7-1-2041 | 1000000 | &nbsp;&nbsp; **1061509** |
| **Miscellaneous revenue: 0.01%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Berkeley Nexton Improvement District | 4.00 | &nbsp;&nbsp; 11-1-2030 | 280000 | &nbsp;&nbsp; **278590** |
| **Utilities revenue: 0.41%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; South Carolina Public Service Authority Series A | 5.00 | &nbsp;&nbsp; 12-1-2031 | 2850000 | &nbsp;&nbsp; 3144356 |
| &nbsp;&nbsp;&nbsp; South Carolina Public Service Authority Series B (AG Insured) | 5.00 | &nbsp;&nbsp; 12-1-2045 | 4500000 | &nbsp;&nbsp; 4720106 |
|  |  |  |  | &nbsp;&nbsp; **7864462** |
|  |  |  |  | &nbsp;&nbsp; **9204561** |

---

See accompanying notes to portfolio of investments

Allspring Strategic Municipal Bond Fund \| 31

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Tennessee: 1.29%** |  |  |  |  |
| **GO revenue: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Town of Collierville Series A | 4.00<br> %<br>| &nbsp;&nbsp; 1-1-2046 | $3150000 | &nbsp;&nbsp; **$3013919** |
| **Utilities revenue: 1.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Tennergy Corp. Series Aøø | 4.00 | &nbsp;&nbsp; 12-1-2051 | 1190000 | &nbsp;&nbsp; 1219270 |
| &nbsp;&nbsp;&nbsp; Tennergy Corp. Series Aøø | 5.50 | &nbsp;&nbsp; 10-1-2053 | 8010000 | &nbsp;&nbsp; 8644571 |
| &nbsp;&nbsp;&nbsp; Tennessee Energy Acquisition Corp.øø | 4.00 | &nbsp;&nbsp; 11-1-2049 | 2210000 | &nbsp;&nbsp; 2212399 |
| &nbsp;&nbsp;&nbsp; Tennessee Energy Acquisition Corp. Series A | 5.00 | &nbsp;&nbsp; 12-1-2035 | 8000000 | &nbsp;&nbsp; 8651879 |
| &nbsp;&nbsp;&nbsp; Tennessee Energy Acquisition Corp. Series B | 5.63 | &nbsp;&nbsp; 9-1-2026 | 925000 | &nbsp;&nbsp; 939747 |
|  |  |  |  | &nbsp;&nbsp; **21667866** |
|  |  |  |  | &nbsp;&nbsp; **24681785** |
| **Texas: 6.78%** |  |  |  |  |
| **Airport revenue: 0.52%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of El Paso Airport Revenue | 5.00 | &nbsp;&nbsp; 8-15-2027 | 835000 | &nbsp;&nbsp; 873866 |
| &nbsp;&nbsp;&nbsp; City of El Paso Airport Revenue | 5.00 | &nbsp;&nbsp; 8-15-2028 | 880000 | &nbsp;&nbsp; 942909 |
| &nbsp;&nbsp;&nbsp; City of El Paso Airport Revenue | 5.00 | &nbsp;&nbsp; 8-15-2029 | 920000 | &nbsp;&nbsp; 1004491 |
| &nbsp;&nbsp;&nbsp; City of El Paso Airport Revenue | 5.00 | &nbsp;&nbsp; 8-15-2030 | 970000 | &nbsp;&nbsp; 1078821 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Houston Airport System Revenue United Airlines, Inc. <br> Series A AMT<br>| 5.00 | &nbsp;&nbsp; 7-1-2027 | 1750000 | &nbsp;&nbsp; 1780555 |
| &nbsp;&nbsp;&nbsp; Dallas Fort Worth International Airport Series A-2 AMTøø%% | 5.00 | &nbsp;&nbsp; 11-1-2050 | 4000000 | &nbsp;&nbsp; 4322365 |
|  |  |  |  | &nbsp;&nbsp; **10003007** |
| **Education revenue: 1.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp. BASIS Texas Charter <br> Schools, Inc.144A<br>| 4.13 | &nbsp;&nbsp; 6-15-2034 | 785000 | &nbsp;&nbsp; 774466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp. BASIS Texas Charter <br> Schools, Inc.144A<br>| 4.25 | &nbsp;&nbsp; 6-15-2039 | 1075000 | &nbsp;&nbsp; 1010294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp. BASIS Texas Charter <br> Schools, Inc.144A<br>| 5.00 | &nbsp;&nbsp; 6-15-2030 | 2460000 | &nbsp;&nbsp; 2598467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp. Harmony Public Schools <br> Series A<br>| 4.00 | &nbsp;&nbsp; 2-15-2029 | 300000 | &nbsp;&nbsp; 309362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp. Harmony Public Schools <br> Series A<br>| 4.00 | &nbsp;&nbsp; 2-15-2030 | 305000 | &nbsp;&nbsp; 316100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp. Harmony Public Schools <br> Series A<br>| 4.00 | &nbsp;&nbsp; 2-15-2031 | 315000 | &nbsp;&nbsp; 327341 |
| &nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp. Leadership Prep School | 4.00 | &nbsp;&nbsp; 6-15-2044 | 400000 | &nbsp;&nbsp; 382192 |
| &nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp. Leadership Prep School | 4.00 | &nbsp;&nbsp; 6-15-2049 | 250000 | &nbsp;&nbsp; 227443 |
| &nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp. Leadership Prep School | 5.00 | &nbsp;&nbsp; 6-15-2039 | 225000 | &nbsp;&nbsp; 243045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp. School of Excellence in <br> Education Series A<br>| 4.00 | &nbsp;&nbsp; 2-15-2031 | 1090000 | &nbsp;&nbsp; 1035905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp. School of Excellence in <br> Education Series A144A<br>| 5.00 | &nbsp;&nbsp; 2-15-2032 | 500000 | &nbsp;&nbsp; 497632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp. Wayside Schools <br> Series A<br>| 4.00 | &nbsp;&nbsp; 8-15-2029 | 80000 | &nbsp;&nbsp; 79570 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp. Wayside Schools <br> Series A<br>| 4.00 | &nbsp;&nbsp; 8-15-2030 | 85000 | &nbsp;&nbsp; 84095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp. Wayside Schools <br> Series A<br>| 4.00 | &nbsp;&nbsp; 8-15-2031 | 80000 | &nbsp;&nbsp; 78486 |

---

See accompanying notes to portfolio of investments

32 \| Allspring Strategic Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Education revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp. Wayside Schools <br> Series A<br>| 5.00<br> %<br>| &nbsp;&nbsp; 8-15-2026 | $200000 | &nbsp;&nbsp; $201473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp. Wayside Schools <br> Series A<br>| 5.00 | &nbsp;&nbsp; 8-15-2027 | 205000 | &nbsp;&nbsp; 208421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp. Wayside Schools <br> Series A<br>| 5.00 | &nbsp;&nbsp; 8-15-2028 | 75000 | &nbsp;&nbsp; 76882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clifton Higher Education Finance Corp. IDEA Public Schools <br> Series A<br>| 5.00 | &nbsp;&nbsp; 8-15-2029 | 315000 | &nbsp;&nbsp; 337239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clifton Higher Education Finance Corp. IDEA Public Schools <br> Series A<br>| 5.00 | &nbsp;&nbsp; 8-15-2030 | 385000 | &nbsp;&nbsp; 417599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clifton Higher Education Finance Corp. IDEA Public Schools <br> Series A<br>| 5.00 | &nbsp;&nbsp; 8-15-2031 | 435000 | &nbsp;&nbsp; 475231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clifton Higher Education Finance Corp. IDEA Public Schools <br> Series A<br>| 5.00 | &nbsp;&nbsp; 8-15-2032 | 515000 | &nbsp;&nbsp; 564473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clifton Higher Education Finance Corp. Valor Texas Education <br> Foundation Series A144A<br>| 5.50 | &nbsp;&nbsp; 6-15-2033 | 4880000 | &nbsp;&nbsp; 4963439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. Cumberland <br> Academy, Inc. Series A144A<br>| 4.00 | &nbsp;&nbsp; 8-15-2030 | 1290000 | &nbsp;&nbsp; 1231908 |
| &nbsp;&nbsp;&nbsp; Odessa Junior College District (AG Insured) | 4.00 | &nbsp;&nbsp; 7-1-2029 | 650000 | &nbsp;&nbsp; 679577 |
| &nbsp;&nbsp;&nbsp; Odessa Junior College District (AG Insured) | 4.00 | &nbsp;&nbsp; 7-1-2030 | 870000 | &nbsp;&nbsp; 918760 |
| &nbsp;&nbsp;&nbsp; Odessa Junior College District (AG Insured) | 4.00 | &nbsp;&nbsp; 7-1-2031 | 220000 | &nbsp;&nbsp; 233740 |
| &nbsp;&nbsp;&nbsp; Odessa Junior College District (AG Insured) | 4.00 | &nbsp;&nbsp; 7-1-2032 | 460000 | &nbsp;&nbsp; 485987 |
| &nbsp;&nbsp;&nbsp; Odessa Junior College District (AG Insured) | 4.00 | &nbsp;&nbsp; 7-1-2033 | 710000 | &nbsp;&nbsp; 744448 |
| &nbsp;&nbsp;&nbsp; Odessa Junior College District (AG Insured) | 4.00 | &nbsp;&nbsp; 7-1-2034 | 500000 | &nbsp;&nbsp; 520128 |
| &nbsp;&nbsp;&nbsp; Odessa Junior College District (AG Insured) | 4.00 | &nbsp;&nbsp; 7-1-2035 | 290000 | &nbsp;&nbsp; 299858 |
|  |  |  |  | &nbsp;&nbsp; **20323561** |
| **GO revenue: 1.01%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Brazosport Independent School District Series A | 4.00 | &nbsp;&nbsp; 2-15-2029 | 2355000 | &nbsp;&nbsp; 2402373 |
| &nbsp;&nbsp;&nbsp; City of Houston Series A | 4.00 | &nbsp;&nbsp; 3-1-2044 | 2500000 | &nbsp;&nbsp; 2329568 |
| &nbsp;&nbsp;&nbsp; City of Round Rock | 4.00 | &nbsp;&nbsp; 8-15-2043 | 1875000 | &nbsp;&nbsp; 1807102 |
| &nbsp;&nbsp;&nbsp; County of Bexar | 4.00 | &nbsp;&nbsp; 6-15-2041 | 5000000 | &nbsp;&nbsp; 4971340 |
| &nbsp;&nbsp;&nbsp; County of Hale (BAM Insured) | 4.00 | &nbsp;&nbsp; 3-15-2042 | 2195000 | &nbsp;&nbsp; 2125161 |
| &nbsp;&nbsp;&nbsp; Fort Bend Independent School District Series Bøø | 0.72 | &nbsp;&nbsp; 8-1-2051 | 1205000 | &nbsp;&nbsp; 1176083 |
| &nbsp;&nbsp;&nbsp; Harris Montgomery Counties Municipal Utility District No. 386 | 4.00 | &nbsp;&nbsp; 9-1-2032 | 1450000 | &nbsp;&nbsp; 1450412 |
| &nbsp;&nbsp;&nbsp; Klein Independent School District | 3.63 | &nbsp;&nbsp; 2-1-2033 | 1010000 | &nbsp;&nbsp; 1010466 |
| &nbsp;&nbsp;&nbsp; North East Independent School Districtøø | 3.75 | &nbsp;&nbsp; 8-1-2049 | 1915000 | &nbsp;&nbsp; 1945764 |
|  |  |  |  | &nbsp;&nbsp; **19218269** |
| **Health revenue: 0.69%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harris County Cultural Education Facilities Finance Corp. Texas <br> Children's Hospital Obligated Group Series A<br>| 4.00 | &nbsp;&nbsp; 10-1-2041 | 3205000 | &nbsp;&nbsp; 3064187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. Children's <br> Health System of Texas Obligated Group Series A<br>| 5.00 | &nbsp;&nbsp; 8-15-2026 | 2000000 | &nbsp;&nbsp; 2038277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. Westminster <br> Manor Obligated Group<br>| 5.00 | &nbsp;&nbsp; 11-1-2035 | 615000 | &nbsp;&nbsp; 657369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. Westminster <br> Manor Obligated Group<br>| 5.00 | &nbsp;&nbsp; 11-1-2040 | 2200000 | &nbsp;&nbsp; 2252625 |

---

See accompanying notes to portfolio of investments

Allspring Strategic Municipal Bond Fund \| 33

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Health revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance Corp. <br> Cumberland Rest, Inc. Obligated Group<br>| 5.00<br> %<br>| &nbsp;&nbsp; 10-1-2040 | $440000 | &nbsp;&nbsp; $452650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance Corp. <br> Methodist Hospitals of Dallas Obligated Group Series B (TD Bank <br> N.A. LOC)ø<br>| 3.45 | &nbsp;&nbsp; 10-1-2041 | 4700000 | &nbsp;&nbsp; 4700000 |
|  |  |  |  | &nbsp;&nbsp; **13165108** |
| **Housing revenue: 0.53%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Wise Weatherford College of the Parker County Junior <br> College District<br>| 5.00 | &nbsp;&nbsp; 8-15-2028 | 1630000 | &nbsp;&nbsp; 1694507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Wise Weatherford College of the Parker County Junior <br> College District<br>| 5.00 | &nbsp;&nbsp; 8-15-2031 | 680000 | &nbsp;&nbsp; 727676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Wise Weatherford College of the Parker County Junior <br> College District<br>| 5.00 | &nbsp;&nbsp; 8-15-2034 | 980000 | &nbsp;&nbsp; 1028415 |
| &nbsp;&nbsp;&nbsp; FW Chaparral PFC Chaparral Ranch Project | 4.00 | &nbsp;&nbsp; 10-1-2035 | 3000000 | &nbsp;&nbsp; 2939599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. Bella Vida <br> Forefront Living Obligated Group Series 2025B-3<br>| 4.25 | &nbsp;&nbsp; 10-1-2030 | 2000000 | &nbsp;&nbsp; 2009226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. Bella Vida <br> Forefront Living Obligated Group Series A<br>| 5.50 | &nbsp;&nbsp; 10-1-2035 | 750000 | &nbsp;&nbsp; 779190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Travis County Housing Finance Corp. Austin Gateway <br> Apartments LPøø<br>| 4.13 | &nbsp;&nbsp; 6-1-2045 | 1000000 | &nbsp;&nbsp; 1001738 |
|  |  |  |  | &nbsp;&nbsp; **10180351** |
| **Industrial development revenue: 0.64%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazoria County Industrial Development Corp. Aleon Renewable <br> Metals LLC AMT144A†øø<br>| 10.00 | &nbsp;&nbsp; 6-1-2042 | 2812106 | &nbsp;&nbsp; 646784 |
| &nbsp;&nbsp;&nbsp; Harris County Industrial Development Corp. Energy Transfer LPøø | 4.05 | &nbsp;&nbsp; 11-1-2050 | 6000000 | &nbsp;&nbsp; 6157819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mission Economic Development Corp. Graphic Packaging <br> International LLC AMTøø<br>| 5.00 | &nbsp;&nbsp; 12-1-2064 | 2500000 | &nbsp;&nbsp; 2589645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port of Beaumont Navigation District Jefferson 2020 Bond Lessee & <br> Borrower LLC Obligated Group Series A AMT144A<br>| 2.50 | &nbsp;&nbsp; 1-1-2030 | 800000 | &nbsp;&nbsp; 748202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port of Beaumont Navigation District Jefferson 2020 Bond Lessee & <br> Borrower LLC Obligated Group Series A AMT144A<br>| 2.63 | &nbsp;&nbsp; 1-1-2031 | 800000 | &nbsp;&nbsp; 739003 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port of Beaumont Navigation District Jefferson 2020 Bond Lessee & <br> Borrower LLC Obligated Group Series A AMT144A<br>| 2.75 | &nbsp;&nbsp; 1-1-2036 | 1500000 | &nbsp;&nbsp; 1234906 |
|  |  |  |  | &nbsp;&nbsp; **12116359** |
| **Miscellaneous revenue: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lower Colorado River Authority Transmission Services Corp. <br> Series A (AG Insured)<br>| 4.00 | &nbsp;&nbsp; 5-15-2043 | 1250000 | &nbsp;&nbsp; **1192752** |
| **Resource recovery revenue: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazoria County Industrial Development Corp. Aleon Renewable <br> Metals LLC AMT144A†<br>| 12.00 | &nbsp;&nbsp; 6-1-2043 | 4686843 | &nbsp;&nbsp; **1077974** |
| **Tax revenue: 0.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas Department of Transportation State Highway Fund Series B <br> (Sumitomo Mitsui Banking Corp. LIQ)ø<br>| 2.92 | &nbsp;&nbsp; 4-1-2032 | 5000000 | &nbsp;&nbsp; **5000000** |

---

See accompanying notes to portfolio of investments

34 \| Allspring Strategic Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Transportation revenue: 0.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Harris Toll Road Revenue Series B | 5.00<br> %<br>| &nbsp;&nbsp; 8-15-2026 | $1280000 | &nbsp;&nbsp; $1282528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas Private Activity Bond Surface Transportation Corp. NTE <br> Mobility Partners LLC Series A<br>| 5.00 | &nbsp;&nbsp; 12-31-2030 | 1000000 | &nbsp;&nbsp; 1075614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas Private Activity Bond Surface Transportation Corp. NTE <br> Mobility Partners LLC Series A<br>| 5.00 | &nbsp;&nbsp; 12-31-2032 | 1000000 | &nbsp;&nbsp; 1065662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas Private Activity Bond Surface Transportation Corp. NTE <br> Mobility Partners LLC Series A<br>| 5.00 | &nbsp;&nbsp; 12-31-2033 | 3000000 | &nbsp;&nbsp; 3181542 |
|  |  |  |  | &nbsp;&nbsp; **6605346** |
| **Utilities revenue: 0.45%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of San Antonio Electric & Gas Systems Revenueøø | 1.75 | &nbsp;&nbsp; 2-1-2049 | 4250000 | &nbsp;&nbsp; 4237133 |
| &nbsp;&nbsp;&nbsp; Lower Colorado River Authority (AG Insured) | 5.00 | &nbsp;&nbsp; 5-15-2030 | 990000 | &nbsp;&nbsp; 1095386 |
| &nbsp;&nbsp;&nbsp; Lower Colorado River Authority Series Bøø | 5.00 | &nbsp;&nbsp; 5-15-2045 | 3000000 | &nbsp;&nbsp; 3293485 |
|  |  |  |  | &nbsp;&nbsp; **8626004** |
| **Water & sewer revenue: 1.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Dallas Waterworks & Sewer System Revenue Series A | 5.00 | &nbsp;&nbsp; 10-1-2029 | 16225000 | &nbsp;&nbsp; 16575275 |
| &nbsp;&nbsp;&nbsp; City of Garland Water & Sewer System Revenue | 4.00 | &nbsp;&nbsp; 3-1-2042 | 1185000 | &nbsp;&nbsp; 1137288 |
| &nbsp;&nbsp;&nbsp; San Antonio Water System Series A (Truist Bank SPA)ø | 3.80 | &nbsp;&nbsp; 5-1-2054 | 4000000 | &nbsp;&nbsp; 4000000 |
|  |  |  |  | &nbsp;&nbsp; **21712563** |
|  |  |  |  | &nbsp;&nbsp; **129221294** |
| **Utah: 1.02%** |  |  |  |  |
| **Airport revenue: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Salt Lake City Airport Revenue Series A AMT | 5.00 | &nbsp;&nbsp; 7-1-2029 | 1000000 | &nbsp;&nbsp; 1051148 |
| &nbsp;&nbsp;&nbsp; City of Salt Lake City Airport Revenue Series A AMT | 5.00 | &nbsp;&nbsp; 7-1-2031 | 2705000 | &nbsp;&nbsp; 2825072 |
|  |  |  |  | &nbsp;&nbsp; **3876220** |
| **Education revenue: 0.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utah Charter School Finance Authority Freedom Academy <br> Foundation Series A144A<br>| 3.25 | &nbsp;&nbsp; 6-15-2031 | 425000 | &nbsp;&nbsp; 395179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utah Charter School Finance Authority Ronald Wilson Reagan <br> Academy Series A144A<br>| 3.50 | &nbsp;&nbsp; 2-15-2026 | 290000 | &nbsp;&nbsp; 288442 |
|  |  |  |  | &nbsp;&nbsp; **683621** |
| **Health revenue: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Utah Intermountain Healthcare Obligated Group Series A | 4.00 | &nbsp;&nbsp; 5-15-2043 | 1635000 | &nbsp;&nbsp; **1535587** |
| **Housing revenue: 0.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Utah Housing Corp. Series C (GNMA / FNMA / FHLMC Insured) | 6.00 | &nbsp;&nbsp; 7-1-2054 | 2585000 | &nbsp;&nbsp; **2856511** |
| **Miscellaneous revenue: 0.42%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MIDA Mountain Village Public Infrastructure District Assessment <br> Area No. 2144A<br>| 4.00 | &nbsp;&nbsp; 8-1-2026 | 900000 | &nbsp;&nbsp; 901311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MIDA Mountain Village Public Infrastructure District Assessment <br> Area No. 2144A<br>| 4.00 | &nbsp;&nbsp; 8-1-2028 | 915000 | &nbsp;&nbsp; 921983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MIDA Mountain Village Public Infrastructure District Assessment <br> Area No. 2144A<br>| 4.00 | &nbsp;&nbsp; 8-1-2029 | 480000 | &nbsp;&nbsp; 484266 |

---

See accompanying notes to portfolio of investments

Allspring Strategic Municipal Bond Fund \| 35

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Miscellaneous revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MIDA Mountain Village Public Infrastructure District Assessment <br> Area No. 2144A<br>| 4.00<br> %<br>| &nbsp;&nbsp; 8-1-2030 | $580000 | &nbsp;&nbsp; $584283 |
| &nbsp;&nbsp;&nbsp; Point Phase 1 Public Infrastructure District No. 1 Series A-1 | 5.13 | &nbsp;&nbsp; 3-1-2035 | 1780000 | &nbsp;&nbsp; 1839245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wakara Ridge Public Infrastructure District Ridge Assessment <br> Area144A<br>| 5.63 | &nbsp;&nbsp; 12-1-2054 | 3150000 | &nbsp;&nbsp; 3189441 |
|  |  |  |  | &nbsp;&nbsp; **7920529** |
| **Tax revenue: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MIDA Mountain Veterans Program Public Infrastructure <br> District144A<br>| 5.00 | &nbsp;&nbsp; 6-1-2044 | 1000000 | &nbsp;&nbsp; 983409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MIDA Mountain Village Public Infrastructure District Military <br> Recreation Facility Project Area Series 2144A<br>| 5.50 | &nbsp;&nbsp; 6-15-2039 | 1500000 | &nbsp;&nbsp; 1515807 |
|  |  |  |  | &nbsp;&nbsp; **2499216** |
|  |  |  |  | &nbsp;&nbsp; **19371684** |
| **Vermont: 0.12%** |  |  |  |  |
| **Housing revenue: 0.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vermont Housing Finance Agency Series A (GNMA / FNMA / FHLMC <br> Insured)<br>| 3.75 | &nbsp;&nbsp; 11-1-2050 | 780000 | &nbsp;&nbsp; **782120** |
| **Resource recovery revenue: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Vermont EDA Casella Waste Systems, Inc. Series A AMT144Aøø | 4.38 | &nbsp;&nbsp; 6-1-2052 | 1500000 | &nbsp;&nbsp; **1493355** |
|  |  |  |  | &nbsp;&nbsp; **2275475** |
| **Virginia: 2.10%** |  |  |  |  |
| **Education revenue: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Virginia College Building Authority Regent University | 5.00 | &nbsp;&nbsp; 6-1-2029 | 330000 | &nbsp;&nbsp; 347924 |
| &nbsp;&nbsp;&nbsp; Virginia College Building Authority Regent University | 5.00 | &nbsp;&nbsp; 6-1-2030 | 350000 | &nbsp;&nbsp; 373213 |
| &nbsp;&nbsp;&nbsp; Virginia College Building Authority Regent University | 5.00 | &nbsp;&nbsp; 6-1-2031 | 300000 | &nbsp;&nbsp; 322102 |
|  |  |  |  | &nbsp;&nbsp; **1043239** |
| **GO revenue: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Arlington Series A | 4.00 | &nbsp;&nbsp; 8-1-2040 | 2500000 | &nbsp;&nbsp; **2527664** |
| **Health revenue: 0.38%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Roanoke County EDA Friendship Foundationøø | 5.50 | &nbsp;&nbsp; 9-1-2058 | 350000 | &nbsp;&nbsp; 345776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Winchester EDA Valley Health Obligated Group Series B-1 (Truist <br> Bank LOC)ø<br>| 3.90 | &nbsp;&nbsp; 1-1-2054 | 4800000 | &nbsp;&nbsp; 4800000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Winchester EDA Valley Health Obligated Group Series B-2 (Truist <br> Bank LOC)ø<br>| 3.90 | &nbsp;&nbsp; 1-1-2054 | 2000000 | &nbsp;&nbsp; 2000000 |
|  |  |  |  | &nbsp;&nbsp; **7145776** |
| **Housing revenue: 0.49%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Virginia College Building Authority Series C | 4.00 | &nbsp;&nbsp; 2-1-2036 | 2625000 | &nbsp;&nbsp; 2633974 |
| &nbsp;&nbsp;&nbsp; Virginia Housing Development Authority Series A | 3.90 | &nbsp;&nbsp; 3-1-2037 | 955000 | &nbsp;&nbsp; 942172 |
| &nbsp;&nbsp;&nbsp; Virginia Housing Development Authority Series A | 3.95 | &nbsp;&nbsp; 9-1-2037 | 825000 | &nbsp;&nbsp; 813867 |

---

See accompanying notes to portfolio of investments

36 \| Allspring Strategic Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Housing revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Virginia Housing Development Authority Series A | 4.10<br> %<br>| &nbsp;&nbsp; 9-1-2040 | $1390000 | &nbsp;&nbsp; $1362052 |
| &nbsp;&nbsp;&nbsp; Virginia Housing Development Authority Series A | 4.45 | &nbsp;&nbsp; 9-1-2045 | 3500000 | &nbsp;&nbsp; 3492769 |
|  |  |  |  | &nbsp;&nbsp; **9244834** |
| **Transportation revenue: 0.84%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Toll Road Investors Partnership II LP Series 1999-B (NPFGC <br> Insured)144A¤<br>| 0.00 | &nbsp;&nbsp; 2-15-2029 | 10000000 | &nbsp;&nbsp; 7742161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virginia Small Business Financing Authority 95 Express Lanes LLC <br> AMT<br>| 5.00 | &nbsp;&nbsp; 1-1-2032 | 3225000 | &nbsp;&nbsp; 3488070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virginia Small Business Financing Authority 95 Express Lanes LLC <br> AMT<br>| 5.00 | &nbsp;&nbsp; 7-1-2032 | 2800000 | &nbsp;&nbsp; 3018328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virginia Small Business Financing Authority Elizabeth River <br> Crossings OpCo. LLC AMT<br>| 4.00 | &nbsp;&nbsp; 7-1-2029 | 1750000 | &nbsp;&nbsp; 1791424 |
|  |  |  |  | &nbsp;&nbsp; **16039983** |
| **Utilities revenue: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; York County EDA Virginia Electric & Power Co. Series Aøø | 3.65 | &nbsp;&nbsp; 5-1-2033 | 4000000 | &nbsp;&nbsp; **4063116** |
|  |  |  |  | &nbsp;&nbsp; **40064612** |
| **Washington: 1.99%** |  |  |  |  |
| **Airport revenue: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Port of Seattle Series A AMT | 5.00 | &nbsp;&nbsp; 5-1-2036 | 2030000 | &nbsp;&nbsp; **2052913** |
| **GO revenue: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Seattle | 4.00 | &nbsp;&nbsp; 12-1-2040 | 1900000 | &nbsp;&nbsp; **1896430** |
| **Health revenue: 0.85%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Jefferson County Public Hospital District No. 2 Series A | 5.75 | &nbsp;&nbsp; 12-1-2033 | 2350000 | &nbsp;&nbsp; 2386849 |
| &nbsp;&nbsp;&nbsp; King County Public Hospital District No. 4 Series A%% | 5.50 | &nbsp;&nbsp; 12-1-2035 | 2750000 | &nbsp;&nbsp; 2712629 |
| &nbsp;&nbsp;&nbsp; Skagit County Public Hospital District No. 1 | 5.00 | &nbsp;&nbsp; 12-1-2029 | 3975000 | &nbsp;&nbsp; 4039983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Washington Health Care Facilities Authority CommonSpirit Health <br> Obligated Group Series B-3øø<br>| 5.00 | &nbsp;&nbsp; 8-1-2049 | 3000000 | &nbsp;&nbsp; 3013662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Washington Health Care Facilities Authority Providence St. Joseph <br> Health Obligated Group Series D<br>| 5.00 | &nbsp;&nbsp; 10-1-2038 | 3000000 | &nbsp;&nbsp; 3001920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Washington Health Care Facilities Authority Providence St. Joseph <br> Health Obligated Group Series D<br>| 5.00 | &nbsp;&nbsp; 10-1-2041 | 1000000 | &nbsp;&nbsp; 1000359 |
|  |  |  |  | &nbsp;&nbsp; **16155402** |
| **Housing revenue: 0.76%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; King County Housing Authority | 2.00 | &nbsp;&nbsp; 10-1-2033 | 600000 | &nbsp;&nbsp; 514636 |
| &nbsp;&nbsp;&nbsp; King County Housing Authority | 2.13 | &nbsp;&nbsp; 10-1-2036 | 2000000 | &nbsp;&nbsp; 1612373 |
| &nbsp;&nbsp;&nbsp; King County Housing Authority | 4.00 | &nbsp;&nbsp; 10-1-2029 | 225000 | &nbsp;&nbsp; 231959 |
| &nbsp;&nbsp;&nbsp; King County Housing Authority | 4.00 | &nbsp;&nbsp; 10-1-2030 | 200000 | &nbsp;&nbsp; 208153 |
| &nbsp;&nbsp;&nbsp; King County Housing Authority | 4.00 | &nbsp;&nbsp; 10-1-2031 | 290000 | &nbsp;&nbsp; 297323 |
| &nbsp;&nbsp;&nbsp; Seattle Housing Authority Northgate Plaza Project | 1.00 | &nbsp;&nbsp; 6-1-2026 | 2000000 | &nbsp;&nbsp; 1963620 |
| &nbsp;&nbsp;&nbsp; Snohomish County Housing Authority | 5.00 | &nbsp;&nbsp; 4-1-2027 | 1130000 | &nbsp;&nbsp; 1162599 |
| &nbsp;&nbsp;&nbsp; Snohomish County Housing Authority | 5.00 | &nbsp;&nbsp; 4-1-2028 | 1610000 | &nbsp;&nbsp; 1685726 |

---

See accompanying notes to portfolio of investments

Allspring Strategic Municipal Bond Fund \| 37

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Housing revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Snohomish County Housing Authority | 5.00<br> %<br>| &nbsp;&nbsp; 4-1-2029 | $1690000 | &nbsp;&nbsp; $1802305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Washington State Housing Finance Commission Downtowner <br> Apartments Project (FHLMC LIQ)<br>| 3.70 | &nbsp;&nbsp; 7-1-2030 | 5000000 | &nbsp;&nbsp; 5147454 |
|  |  |  |  | &nbsp;&nbsp; **14626148** |
| **Utilities revenue: 0.17%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Seattle Municipal Light & Power Revenue Series B (SIFMA <br> Municipal Swap+0.25%)±<br>| 3.14 | &nbsp;&nbsp; 5-1-2045 | 3250000 | &nbsp;&nbsp; **3221104** |
|  |  |  |  | &nbsp;&nbsp; **37951997** |
| **West Virginia: 0.50%** |  |  |  |  |
| **Education revenue: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; West Virginia University Series Bøø | 5.00 | &nbsp;&nbsp; 10-1-2041 | 1000000 | &nbsp;&nbsp; **1076481** |
| **Tax revenue: 0.17%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Monongalia Building Commission Development District <br> No. 4 Series A144A<br>| 5.00 | &nbsp;&nbsp; 6-1-2033 | 400000 | &nbsp;&nbsp; 417182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Monongalia Building Commission Development District <br> No. 4 Series A144A<br>| 5.75 | &nbsp;&nbsp; 6-1-2043 | 880000 | &nbsp;&nbsp; 916402 |
| &nbsp;&nbsp;&nbsp; Monongalia County Commission Excise Tax District Series A144A | 4.13 | &nbsp;&nbsp; 6-1-2043 | 830000 | &nbsp;&nbsp; 712099 |
| &nbsp;&nbsp;&nbsp; Monongalia County Commission Excise Tax District Series A144A | 4.50 | &nbsp;&nbsp; 6-1-2027 | 1175000 | &nbsp;&nbsp; 1182401 |
|  |  |  |  | &nbsp;&nbsp; **3228084** |
| **Utilities revenue: 0.27%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; West Virginia EDA Wheeling Power Co. Series 2013A AMTøø | 3.00 | &nbsp;&nbsp; 6-1-2037 | 5245000 | &nbsp;&nbsp; **5195882** |
|  |  |  |  | &nbsp;&nbsp; **9500447** |
| **Wisconsin: 1.84%** |  |  |  |  |
| **Education revenue: 0.30%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; PFA Corvian Community School, Inc. Series A144A | 4.00 | &nbsp;&nbsp; 6-15-2029 | 585000 | &nbsp;&nbsp; 567912 |
| &nbsp;&nbsp;&nbsp; PFA Corvian Community School, Inc. Series A144A | 4.25 | &nbsp;&nbsp; 6-15-2029 | 530000 | &nbsp;&nbsp; 518960 |
| &nbsp;&nbsp;&nbsp; PFA Estancia Valley Classical Academy Series A144A | 4.00 | &nbsp;&nbsp; 7-1-2031 | 1095000 | &nbsp;&nbsp; 1032940 |
| &nbsp;&nbsp;&nbsp; PFA Mater Academy of Nevada Series A144A | 5.00 | &nbsp;&nbsp; 12-15-2034 | 825000 | &nbsp;&nbsp; 848482 |
| &nbsp;&nbsp;&nbsp; PFA Nevada Charter Academies Series A144A | 4.00 | &nbsp;&nbsp; 7-15-2029 | 400000 | &nbsp;&nbsp; 400083 |
| &nbsp;&nbsp;&nbsp; PFA Roseman University of Health Sciences144A | 4.00 | &nbsp;&nbsp; 4-1-2032 | 785000 | &nbsp;&nbsp; 772709 |
| &nbsp;&nbsp;&nbsp; PFA Triad Math & Science Academy Co. | 4.25 | &nbsp;&nbsp; 6-15-2027 | 325000 | &nbsp;&nbsp; 327531 |
| &nbsp;&nbsp;&nbsp; PFA Triad Math & Science Academy Co. | 5.00 | &nbsp;&nbsp; 6-15-2032 | 725000 | &nbsp;&nbsp; 764350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PFA Unity Classical Charter School; A Challenge Foundation <br> Academy144A<br>| 5.75 | &nbsp;&nbsp; 7-1-2033 | 485000 | &nbsp;&nbsp; 503397 |
|  |  |  |  | &nbsp;&nbsp; **5736364** |
| **GO revenue: 0.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Milwaukee Series B2 (AG Insured) | 5.00 | &nbsp;&nbsp; 4-1-2035 | 2200000 | &nbsp;&nbsp; 2473448 |
| &nbsp;&nbsp;&nbsp; City of Milwaukee Series B2 (AG Insured) | 5.00 | &nbsp;&nbsp; 4-1-2036 | 2235000 | &nbsp;&nbsp; 2487050 |
|  |  |  |  | &nbsp;&nbsp; **4960498** |
| **Health revenue: 0.55%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; PFA Texas Biomedical Research Institute Series A | 5.00 | &nbsp;&nbsp; 6-1-2029 | 175000 | &nbsp;&nbsp; 186169 |
| &nbsp;&nbsp;&nbsp; PFA Texas Biomedical Research Institute Series A | 5.00 | &nbsp;&nbsp; 6-1-2030 | 175000 | &nbsp;&nbsp; 188474 |

---

See accompanying notes to portfolio of investments

38 \| Allspring Strategic Municipal Bond Fund

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Health revenue**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; PFA Texas Biomedical Research Institute Series A | 5.00<br> %<br>| &nbsp;&nbsp; 6-1-2031 | $275000 | &nbsp;&nbsp; $298329 |
| &nbsp;&nbsp;&nbsp; PFA Texas Biomedical Research Institute Series A | 5.00 | &nbsp;&nbsp; 6-1-2032 | 350000 | &nbsp;&nbsp; 375558 |
| &nbsp;&nbsp;&nbsp; PFA Texas Biomedical Research Institute Series A | 5.00 | &nbsp;&nbsp; 6-1-2033 | 550000 | &nbsp;&nbsp; 585019 |
| &nbsp;&nbsp;&nbsp; PFA Texas Biomedical Research Institute Series A | 5.00 | &nbsp;&nbsp; 6-1-2034 | 570000 | &nbsp;&nbsp; 607114 |
| &nbsp;&nbsp;&nbsp; PFA Washoe Barton Medical Clinic Series A144A | 4.00 | &nbsp;&nbsp; 12-1-2031 | 700000 | &nbsp;&nbsp; 697977 |
| &nbsp;&nbsp;&nbsp; Wisconsin HEFA Ascension Health Credit Group Series A | 4.00 | &nbsp;&nbsp; 11-15-2036 | 3000000 | &nbsp;&nbsp; 2986561 |
| &nbsp;&nbsp;&nbsp; Wisconsin HEFA Beloit Health System Obligated Group | 5.00 | &nbsp;&nbsp; 7-1-2027 | 1145000 | &nbsp;&nbsp; 1186643 |
| &nbsp;&nbsp;&nbsp; Wisconsin HEFA Beloit Health System Obligated Group | 5.00 | &nbsp;&nbsp; 7-1-2028 | 600000 | &nbsp;&nbsp; 634156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin HEFA St. Camillus Health System Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 11-1-2027 | 375000 | &nbsp;&nbsp; 382898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin HEFA St. Camillus Health System Obligated Group <br> Series A<br>| 5.00 | &nbsp;&nbsp; 11-1-2028 | 1405000 | &nbsp;&nbsp; 1448620 |
| &nbsp;&nbsp;&nbsp; Wisconsin HEFA St. John's Communities, Inc. Obligated Group | 4.00 | &nbsp;&nbsp; 9-15-2029 | 895000 | &nbsp;&nbsp; 896607 |
|  |  |  |  | &nbsp;&nbsp; **10474125** |
| **Industrial development revenue: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; PFA Customer Facility Charge-SA LLC Series A | 3.75 | &nbsp;&nbsp; 2-1-2032 | 850000 | &nbsp;&nbsp; 841813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PFA UNC Charlotte Marriott Hotel & Conference Center <br> Series A144A<br>| 4.00 | &nbsp;&nbsp; 9-1-2036 | 1000000 | &nbsp;&nbsp; 930996 |
|  |  |  |  | &nbsp;&nbsp; **1772809** |
| **Miscellaneous revenue: 0.64%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; PFA Astro Texas Land Projects144A | 5.00 | &nbsp;&nbsp; 12-15-2036 | 5943244 | &nbsp;&nbsp; 5949649 |
| &nbsp;&nbsp;&nbsp; Wisconsin Center District Series C CAB (AG Insured)¤ | 0.00 | &nbsp;&nbsp; 12-15-2029 | 1050000 | &nbsp;&nbsp; 927289 |
| &nbsp;&nbsp;&nbsp; Wisconsin Center District Series C CAB (AG Insured)¤ | 0.00 | &nbsp;&nbsp; 12-15-2031 | 1350000 | &nbsp;&nbsp; 1108148 |
| &nbsp;&nbsp;&nbsp; Wisconsin Center District Series D CAB (AG Insured)¤ | 0.00 | &nbsp;&nbsp; 12-15-2028 | 260000 | &nbsp;&nbsp; 236961 |
| &nbsp;&nbsp;&nbsp; Wisconsin Center District Series D CAB (AG Insured)¤ | 0.00 | &nbsp;&nbsp; 12-15-2029 | 390000 | &nbsp;&nbsp; 344422 |
| &nbsp;&nbsp;&nbsp; Wisconsin Center District Series D CAB (AG Insured)¤ | 0.00 | &nbsp;&nbsp; 12-15-2030 | 550000 | &nbsp;&nbsp; 469359 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin HEFA Forensic Science & Protective Medicine <br> Collaboration, Inc.144A<br>| 5.00 | &nbsp;&nbsp; 8-1-2027 | 3000000 | &nbsp;&nbsp; 3040363 |
|  |  |  |  | &nbsp;&nbsp; **12076191** |
|  |  |  |  | &nbsp;&nbsp; **35019987** |
| **Total municipal obligations (Cost $1,911,975,317)** |  |  |  | &nbsp;&nbsp; **1884941168** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | Yield | Shares |  |
| **Short-term investments: 0.39%** |  |  |  |  |
| **Investment companies: 0.39%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund Select Class♠∞## |  | 4.07 | 7445979 | &nbsp;&nbsp; **7445979** |
| **Total short-term investments (Cost $7,445,979)** |  |  |  | &nbsp;&nbsp; **7445979** |
| **Total investments in securities (Cost $1,919,421,296)** | 99.26<br> %<br>|  |  | &nbsp;&nbsp; 1892387147 |
| &nbsp;&nbsp;&nbsp; Other assets and liabilities, net | 0.74 |  |  | &nbsp;&nbsp; 14112420 |
| **Total net assets** | **100.00%**<br>|  |  | &nbsp;&nbsp; **$1906499567** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

See accompanying notes to portfolio of investments

Allspring Strategic Municipal Bond Fund \| 39

------

Portfolio of investments—September 30, 2025 (unaudited)

---

| | |
|:---|:---|
| øø | The interest rate is determined and reset by the issuer periodically depending upon the terms of the security. The rate shown is the rate in effect at period end. |
| 144A | The security may be resold in transactions exempt from registration, normally to qualified institutional buyers, pursuant to Rule 144A under the Securities Act of <br> 1933.<br>|
| ø | Variable rate demand notes are subject to a demand feature which reduces the effective maturity. The maturity date shown represents the final maturity date of <br> the security. The interest rate is determined and reset by the issuer daily, weekly, or monthly depending upon the terms of the security. The rate shown is the rate in <br> effect at period end.<br>|
| † | Non-income-earning security |
| € | The security is an auction-rate security which has an interest rate that resets at predetermined short-term intervals through a Dutch auction. The rate shown is the <br> rate in effect at period end.<br>|
| ± | Variable rate investment. The rate shown is the rate in effect at period end. |
| ¤ | The security is issued in zero coupon form with no periodic interest payments. |
| %% | The security is purchased on a when-issued basis. |
| ♠ | The issuer of the security is an affiliated person of the Fund as defined in the Investment Company Act of 1940. |
| ∞ | The rate represents the 7-day annualized yield at period end. |
| ## | All or a portion of this security is segregated as collateral for when-issued securities. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations: | Abbreviations: |
| AG | Assured Guaranty Incorporation |
| Ambac | Ambac Financial Group Incorporated |
| AMT | Alternative minimum tax |
| BAM | Build America Mutual Assurance Company |
| BAN | Bond anticipation note |
| CAB | Capital appreciation bond |
| CDA | Community Development Authority |
| CHF | Collegiate Housing Foundation |
| COP | Certificate of participation |
| ECFA | Educational & Cultural Facilities Authority |
| EDA | Economic Development Authority |
| EDFA | Economic Development Finance Authority |
| FHLMC | Federal Home Loan Mortgage Corporation |
| FNMA | Federal National Mortgage Association |
| GNMA | Government National Mortgage Association |
| GO | General obligation |
| HEFA | Health & Educational Facilities Authority |
| HFA | Housing Finance Authority |
| HFFA | Health Facilities Financing Authority |
| IDA | Industrial Development Authority |
| LIQ | Liquidity agreement |
| LOC | Letter of credit |
| NPFGC | National Public Finance Guarantee Corporation |
| NTO | New Terminal One |
| PFA | Public Finance Authority |
| QSBLF | Qualified School Board Loan Fund Insured |
| RDA | Redevelopment Authority |
| SIFMA | Securities Industry and Financial Markets Association |
| SOFR | Secured Overnight Financing Rate |
| SPA | Standby purchase agreement |
| TTFA | Transportation Trust Fund Authority |

---

**Investments in affiliates**

An affiliated investment is an investment in which the Fund owns at least 5% of the outstanding voting shares of the issuer or as a result of other relationships, such as the Fund and the issuer having the same investment manager. Transactions with issuers that were affiliates of the Fund at the end of the period were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value, <br>beginning of <br>period<br>| Purchases | Sales <br>proceeds<br>| Net <br>realized <br>gains <br>(losses)<br>| Net <br>change in <br>unrealized <br>gains <br>(losses)<br>| Value, <br>end of <br>period<br>| Shares, <br>end <br>of period<br>| Income <br>from <br>affiliated <br>securities<br>|
| **Short-term investments** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund Select <br> Class<br>| $15214567 | $97031549 | $(104800137)<br>| $0 | $0 | $7445979 | 7445979 | $76445 |

---

See accompanying notes to portfolio of investments

40 \| Allspring Strategic Municipal Bond Fund

------

Notes to portfolio of investments—September 30, 2025 (unaudited)

Notes to portfolio of investments

Securities valuation

All investments are valued each business day as of the close of regular trading on the New York Stock Exchange (generally 4 p.m. Eastern Time), although the Fund may deviate from this calculation time under unusual or unexpected circumstances.

Debt securities are valued at the evaluated bid price provided by an independent pricing service (e.g., taking into account various factors, including yields, maturities, or credit ratings) or, if a reliable price is not available, the quoted bid price from an independent broker-dealer.

Investments in registered open-end investment companies (other than those listed on a foreign or domestic exchange or market) are valued at net asset value.

Investments which are not valued using the methods discussed above are valued at their fair value, as determined in good faith by Allspring Funds Management, LLC ("Allspring Funds Management"), which was named the valuation designee by the Board of Trustees. As the valuation designee, Allspring Funds Management is responsible for day-to-day valuation activities for the Allspring Funds. In connection with these responsibilities, Allspring Funds Management has established a Valuation Committee and has delegated to it the authority to take any actions regarding the valuation of portfolio securities that the Valuation Committee deems necessary or appropriate, including determining the fair value of portfolio securities. On a quarterly basis, the Board of Trustees receives reports of valuation actions taken by the Valuation Committee. On at least an annual basis, the Board of Trustees receives an assessment of the adequacy and effectiveness of Allspring Funds Management's process for determining the fair value of the portfolio of investments.

When-issued transactions

The Fund may purchase securities on a forward commitment or when-issued basis. The Fund records a when-issued transaction on the trade date and will segregate assets in an amount at least equal in value to the Fund's commitment to purchase when-issued securities. Securities purchased on a when-issued basis are marked-to-market daily and the Fund begins earning interest on the settlement date. Losses may arise due to changes in the market value of the underlying securities or if the counterparty does not perform under the contract.

Fair valuation measurements

Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the various data inputs utilized in determining the value of the Fund's investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The Fund's investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into three broad levels as follows:

• Level 1 – quoted prices in active markets for identical securities

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

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

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

The following is a summary of the inputs used in valuing the Fund's assets and liabilities as of September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp; Quoted prices <br>(Level 1)<br>| &nbsp;&nbsp;&nbsp; Other significant <br>observable inputs <br>(Level 2)<br>| &nbsp;&nbsp;&nbsp; Significant <br>unobservable inputs <br>(Level 3)<br>| Total |
| **Assets** |  |  |  |  |
| **Investments in:** |  |  |  |  |
| **Municipal obligations** | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $1884941168 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $1884941168 |
| **Short-term investments** |  |  |  |  |
| *Investment companies* | &nbsp;&nbsp; 7445979 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 7445979 |
| **Total assets** | &nbsp;&nbsp; **$7445979** | &nbsp;&nbsp;&nbsp; **$1884941168** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$1892387147** |

---

Additional sector, industry or geographic detail, if any, is included in the Portfolio of investments.

At March 31, 2025, the fund did not have any transfers into/out of Level 3..

Allspring Strategic Municipal Bond Fund \| 41

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ALLSPRING FUNDS TRUST

- **b. Investment Company Act file number:** 811-09253

- **c. CIK number of Registrant:** 0001081400

- **d. LEI of Registrant:** 549300XROIY0CTN7RZ24

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

  - **Street Address 1:** 1415 Vantage Park Drive

  - **City:** Charlotte

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 28203

  - **Telephone number:** 833-568-4255

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

- **a. Name of Series:** Allspring Strategic Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000029115

- **c. LEI of Series:** 549300OZXHSIAXS60353

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $1917028887.04

**Total Liabilities:** $12363722.15

**Net Assets:** $1904665164.89

**Delayed Delivery Securities:** $7042737.50

**Cash Not Reported:** $0.64

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -5112.20000000 | **1-Year:** -93282.53000000 | **5-Year:** -221188.79000000 | **10-Year:** -257371.23000000 | **30-Year:** -83032.09000000

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

- **3-Month:** -983.49000000 | **1-Year:** -18855.29000000 | **5-Year:** -55117.55000000 | **10-Year:** -41566.43000000 | **30-Year:** -3038.18000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000089514 | 0.22%                | 0.67%                | 1.13%                |
| Class ID C000123112 | 0.13%                | 0.70%                | 1.27%                |
| Class ID C000089517 | 0.11%                | 0.68%                |  |
| Class ID C000089516 | 0.15%                | 0.61%                | 1.06%                |
| Class ID C000205251 | 0.13%                | 0.71%                | 1.16%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-116.48                 | $-1152911.41                               |
| Month 2  | $-2591131.32             | $11059660.29                               |
| Month 3  | $-1131176.65             | $18907647.12                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505XL5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2560000 | PA      | $2576548.10   | 0.14%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Finance Agency                                 | NORTH CAROLINA ST CAPITAL FACS FIN AGY SOL WST DISP REVENUE  | CUSIP: 65820AAP3<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7500000.00   | 0.39%             | 2038-06-01      | Floating      | 3.55%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712DRA6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2986560.90   | 0.16%             | 2036-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern Illinois University                                                     | STHRN ILLINOIS ST UNIV                                       | CUSIP: 8431465R8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $553486.95    | 0.03%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WASHINGTON ST HLTH CARE FACS AUTH                            | CUSIP: 93978HVB8<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3013661.70   | 0.16%             | 2049-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CTFS                                      | CUSIP: 74448XBE1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.26%             | 2055-02-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Seattle Housing Authority                                                        | SEATTLE WA HSG AUTH                                          | CUSIP: 812636ML9<br>LEI: 5493003LM6XXXMFX5M88 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1963619.60   | 0.10%             | 2026-06-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                    | BUCKS CNTY PA INDL DEV AUTH HOSP REVENUE                     | CUSIP: 11861MAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1566628.95   | 0.08%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041807KX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $227443.15    | 0.01%             | 2049-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QTV5<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   5800000 | PA      | $5914856.24   | 0.31%             | 2038-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education Dedicated Capital Improvement Tax                     | CHICAGO IL BRD OF EDU DEDICATED CAPITAL IMPT TAX             | CUSIP: 167510AW6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1515330.30   | 0.08%             | 2033-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH REVENUE                         | CUSIP: 54811GK33<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    990000 | PA      | $1095386.29   | 0.06%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Orleans LA Sewerage Service Revenue                                  | NEW ORLEANS LA SEWAGE SVC REVENUE                            | CUSIP: 647719PG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $643218.42    | 0.03%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Providence RI                                                            | PROVIDENCE RI                                                | CUSIP: 743787Z97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $452475.81    | 0.02%             | 2026-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA                                                               | SEATTLE WA                                                   | CUSIP: 8126265E5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1896430.28   | 0.10%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Luzerne County Industrial Development Authority                                  | LUZERNE CNTY PA INDL DEV AUTH                                | CUSIP: 550728AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3001699.35   | 0.16%             | 2039-12-01      | Floating      | 2.45%                 | No            |                  2 | On Loan: No      |
| City of Akron OH Income Tax Revenue                                              | AKRON OH INCOME TAX REVENUE                                  | CUSIP: 010056MR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1924109.58   | 0.10%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees/OK                                        | TULSA OK MUNI ARPT TRUST TRUSTEES                            | CUSIP: 899661EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2287438.60   | 0.12%             | 2035-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Winchester Economic Development Authority                                        | WINCHESTER VA ECON DEV AUTH REVENUE                          | CUSIP: 973122AV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4800000 | PA      | $4800000.00   | 0.25%             | 2054-01-01      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| Central Valley Energy Authority                                                  | CENTRL VLY CA ENERGY AUTH COMMODITY SPLY REVENUE             | CUSIP: 15569DAA0<br>LEI: 254900G5IPQ9MA3FRJ55 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10949335.00  | 0.57%             | 2055-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FKH7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    580000 | PA      | $582268.26    | 0.03%             | 2028-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                         | SAN ANTONIO TX WTR REVENUE                                   | CUSIP: 79642GQR6<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.21%             | 2054-05-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SOL WST DISP REVENUE                 | CUSIP: 34061XAB8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2026348.20   | 0.11%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Moreland Township School District                                          | LOWER MORELAND TWP PA SCH DIST                               | CUSIP: 548304WE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $965561.70    | 0.05%             | 2043-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDL DEV REVENUES                   | CUSIP: 71781XBZ5<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    320000 | PA      | $321447.84    | 0.02%             | 2026-08-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806K74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201473.04    | 0.01%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima/The                       | PIMA CNTY AZ INDL DEV AUTH EDU REVENUE                       | CUSIP: 72177MUK1<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   2785000 | PA      | $2787471.13   | 0.15%             | 2028-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153FD6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5346765.50   | 0.28%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637ATR3<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |  18000000 | PA      | $19051201.80  | 1.00%             | 2052-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TAF4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6578086.45   | 0.35%             | 2052-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Village of Island Park NY                                                        | ISLAND PARK NY                                               | CUSIP: 464480FY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $127844.63    | 0.01%             | 2035-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Indiana Bond Bank                                                                | INDIANA BOND BANK REVENUE                                    | CUSIP: 45462TJN3<br>LEI: 549300TZMGETS4ELEI93 | Long             | DBT              | MUN               | US        |    630000 | PA      | $593555.95    | 0.03%             | 2027-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| McKenzie County Public School District No 1                                      | MCKENZIE CNTY ND PUBLIC SCH DIST #1                          | CUSIP: 581535FQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1579579.40   | 0.08%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH STUDENT HSG REVENUE              | CUSIP: 13049YEZ0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    400000 | PA      | $422789.04    | 0.02%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlantic City Board of Education                                                 | ATLANTIC CITY NJ BRD OF EDU                                  | CUSIP: 048342GJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $408206.20    | 0.02%             | 2027-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442ELS7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    825000 | PA      | $848481.81    | 0.04%             | 2034-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Odessa Junior College District                                                   | ODESSA TX JNR CLG DIST REVENUE                               | CUSIP: 676040JV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $299857.68    | 0.02%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PL86<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5943244 | PA      | $5949649.39   | 0.31%             | 2036-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Washoe NV                                                              | WASHOE CNTY NV WTR FAC REVENUE                               | CUSIP: 940865BG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2024345.80   | 0.11%             | 2036-03-01      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Educational Facilities Authority                               | PALM BEACH CNTY FL EDUCTNL FACS AUTH                         | CUSIP: 696506AN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $425063.86    | 0.02%             | 2029-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Educational Facilities Authority                               | PALM BEACH CNTY FL EDUCTNL FACS AUTH                         | CUSIP: 696506AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $665227.73    | 0.03%             | 2031-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Columbia KY                                                              | COLUMBIA KY EDUCTNL DEV REVENUE                              | CUSIP: 197763EK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $595623.56    | 0.03%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990GGG1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2879789.40   | 0.15%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                               | MARYLAND ST ECON DEV CORP PRIV ACTIVITY REVENUE              | CUSIP: 57422JBH0<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2775266.73   | 0.15%             | 2028-11-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION MF HSG REVENUE              | CUSIP: 93978PLL9<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5147454.50   | 0.27%             | 2030-07-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI DEV BK SPL OBLIG                                 | CUSIP: 60534XJJ6<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    225000 | PA      | $229258.10    | 0.01%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806K82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $208420.57    | 0.01%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Valley Regional Finance Authority                                       | DELAWARE VLY PA REGL FIN AUTH                                | CUSIP: 246579DU7<br>LEI: 549300HGYP3NW885TT18 | Long             | DBT              | MUN               | US        |     80000 | PA      | $86981.64     | 0.00%             | 2027-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                    | SALES TAX SECURITIZATION CORP IL                             | CUSIP: 79467BAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026906.40   | 0.05%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE                    | CUSIP: 14054CCN7<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    255000 | PA      | $239807.07    | 0.01%             | 2029-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                  | CUSIP: 45528US44<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   6300000 | PA      | $6965712.81   | 0.37%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Richmond Heights MO                                                      | RICHMOND HEIGHTS MO TAX INCR AND TRANSPRTN SALES TAX REVENUE | CUSIP: 764709AH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $375526.01    | 0.02%             | 2025-11-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Skagit County Public Hospital District No 1                                      | SKAGIT CNTY WA PUBLIC HOSP DIST #1                           | CUSIP: 830227DY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3975000 | PA      | $4039983.30   | 0.21%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI DEV BK SPL OBLIG                                 | CUSIP: 60534XJN7<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    565000 | PA      | $570562.71    | 0.03%             | 2030-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Local Government Finance Commission                                      | FLORIDA LOC GOVT FIN COMMISSION SENIOR LIVING REVENUE        | CUSIP: 34077UAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2013904.80   | 0.11%             | 2030-11-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH SOL WST DISP REVENUE    | CUSIP: 83704DAA4<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   3310000 | PA      | $129222.40    | 0.01%             | 2027-02-01      | Fixed         | 5.25%                 | No            |                  3 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH REVE | CUSIP: 54628CJC7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1191185.51   | 0.06%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH                                     | CUSIP: 6789083C6<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |    975000 | PA      | $984549.15    | 0.05%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                            | FORT BEND TX INDEP SCH DIST                                  | CUSIP: 346843SZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1176083.25   | 0.06%             | 2051-08-01      | Floating      | 0.72%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 837151WT2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2850000 | PA      | $3144356.55   | 0.17%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                           | MINNEAPOLIS MN CHARTER SCH LEASE REVENUE                     | CUSIP: 60375CBC7<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    875000 | PA      | $736740.29    | 0.04%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                            | NEW YORK ST HSG FIN AGY AFFORDABLE HSG REVENUE               | CUSIP: 64987JRC7<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2338857.70   | 0.12%             | 2061-11-01      | Floating      | 1.10%                 | No            |                  2 | On Loan: No      |
| County of Pasco FL                                                               | PASCO CNTY FL CAPITAL IMPT CIGARETTE TAX ALLOCATION          | CUSIP: 70252AAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $665077.14    | 0.03%             | 2036-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Trimble KY                                                             | TRIMBLE CNTY KY POLL CONTROL REVENUE                         | CUSIP: 896224BB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6200000 | PA      | $5953856.90   | 0.31%             | 2027-11-01      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                            | CUSIP: 688031DQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $478002.83    | 0.03%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No 816                         | LAS VEGAS NV SPL IMPT DIST #816                              | CUSIP: 51779AAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $221699.86    | 0.01%             | 2026-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Navajo Nation                                                                    | NAVAJO NATION AZ                                             | CUSIP: 639185AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1407262.05   | 0.07%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Armstrong School District                                                        | ARMSTRONG PA SCH DIST                                        | CUSIP: 042467ME7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $988568.70    | 0.05%             | 2029-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Higher Education Supplement Loan Authority                     | CONNECTICUT ST HGR EDU SUPPLEMENT LOAN AUTH REVENUE          | CUSIP: 207743VQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $481356.38    | 0.03%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH EDUCTNL FACS REVENUE    | CUSIP: 60636AUB7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    975000 | PA      | $1009164.78   | 0.05%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUSTFUND AUTH                       | CUSIP: 64613CFJ2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1362164.41   | 0.07%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990GZC9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1433919.51   | 0.08%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576HB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2705000 | PA      | $2825071.97   | 0.15%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority/The                                     | CHARLOTTE-MECKLENBURG NC HOSPAUTH HLTH CARE SYS REVENUE      | CUSIP: 160853VG9<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1996012.60   | 0.10%             | 2048-01-15      | Floating      | 0.80%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE           | CUSIP: 87638TJH7<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    440000 | PA      | $452649.78    | 0.02%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YE62<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    350000 | PA      | $389100.78    | 0.02%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BQP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $211688.34    | 0.01%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDL DEV REVENUES                   | CUSIP: 71781XFY4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    200000 | PA      | $196816.22    | 0.01%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712D3L8<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1186642.62   | 0.06%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE | CUSIP: 64542UHD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $779189.93    | 0.04%             | 2035-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Wise TX                                                                | WISE CNTY TX LEASE REVENUE                                   | CUSIP: 977195AY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1694507.09   | 0.09%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Water Light & Sinking Fund Commissioners of The City of Dalton/The      | DALTON GA UTILITIES REVENUE                                  | CUSIP: 235586CR3<br>LEI: 549300F2NIJXYBEBL710 | Long             | DBT              | MUN               | US        |    850000 | PA      | $893831.27    | 0.05%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Peoria City School District No 150                                               | PEORIA CNTY IL SCH DIST #150 PEORIA                          | CUSIP: 713040JR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $966016.05    | 0.05%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                  | KENTUCKY ST ECON DEV FIN AUTH HLTH SYS REVENUE               | CUSIP: 49126VCH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2887849.50   | 0.15%             | 2026-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YE47<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    300000 | PA      | $327056.70    | 0.02%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Industrial Development Corp                                        | HARRIS CNTY TX INDL DEV CORP                                 | CUSIP: 414189AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6157818.60   | 0.32%             | 2050-11-01      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593M41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6466525.80   | 0.34%             | 2044-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                  | CUSIP: 45528US28<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   5710000 | PA      | $6067363.78   | 0.32%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cook County School District No 99 Cicero                                         | COOK CNTY IL SCH DIST #99 CICERO                             | CUSIP: 214381JT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2950000 | PA      | $3096292.27   | 0.16%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlantic City Board of Education                                                 | ATLANTIC CITY NJ BRD OF EDU                                  | CUSIP: 048342GL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $416639.52    | 0.02%             | 2029-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Educational Facilities Authority                               | PALM BEACH CNTY FL EDUCTNL FACS AUTH                         | CUSIP: 696506AP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $881187.50    | 0.05%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOLL ROAD INV PART II                                                            | Toll Road Investors Partnership II LP                        | CUSIP: 88948ABE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $7742160.80   | 0.41%             | 2029-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Maine State Housing Authority                                                    | MAINE ST HSG AUTH MTGE PURCHASE                              | CUSIP: 56052FT47<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |   2470000 | PA      | $2440353.58   | 0.13%             | 2040-11-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SOL WST DISP REVENUE                 | CUSIP: 34061XAH5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   6400000 | PA      | $6397635.84   | 0.34%             | 2050-09-01      | Floating      | 3.40%                 | No            |                  2 | On Loan: No      |
| Atlantic County Improvement Authority/The                                        | ATLANTIC CNTY NJ IMPT AUTH LEASE REVENUE                     | CUSIP: 048501JK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $152404.17    | 0.01%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Sumter County Utility Dependent District                                   | N SUMTER CNTY FL UTILITY DEPENDENT DIST UTILITY REVENUE      | CUSIP: 66272RDS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1141020.59   | 0.06%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                              | IDAHO ST HSG & FIN ASSN SF MTGE REVENUE                      | CUSIP: 45129Y5K8<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   3845000 | PA      | $4253290.17   | 0.22%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                   | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035RL28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2470000 | PA      | $2470000.00   | 0.13%             | 2050-05-01      | Floating      | 2.94%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BQQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $221529.11    | 0.01%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH MIDWESTERN DISASTER RELIEF REVENUE          | CUSIP: 45470CAE9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1956231.60   | 0.10%             | 2030-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| George L Smith II Congress Center Authority                                      | GEO L SMITH II GA CONGRESS CTR AUTH                          | CUSIP: 37255MAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1942692.20   | 0.10%             | 2031-01-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                             | MIDA MOUNTAIN VLG PUBLIC INFRASTRUCTURE DIST UT SPL ASSMNT   | CUSIP: 59561TAN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $584282.95    | 0.03%             | 2030-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                             | MILWAUKEE WI                                                 | CUSIP: 6023662E5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2473448.12   | 0.13%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Sumter County Utility Dependent District                                   | N SUMTER CNTY FL UTILITY DEPENDENT DIST UTILITY REVENUE      | CUSIP: 66272RDT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1934975.68   | 0.10%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Island Park NY                                                        | ISLAND PARK NY                                               | CUSIP: 464480GE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $167436.74    | 0.01%             | 2041-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of Poughkeepsie NY                                                          | POUGHKEEPSIE CITY NY                                         | CUSIP: 7386295T7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $606177.12    | 0.03%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH SOL WST DISP                  | CUSIP: 56682FAK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500000.00   | 0.13%             | 2026-08-01      | Floating      | 2.93%                 | No            |                  2 | On Loan: No      |
| Harris Montgomery Counties Municipal Utility District No 386                     | HARRIS-MONTGOMERY CNTYS TX MUNI UTILITY DIST #386            | CUSIP: 41456PJJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1450411.95   | 0.08%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Sports Facilities Authority/The                                         | ILLINOIS ST SPORTS FACS AUTH                                 | CUSIP: 452143FP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3482494.28   | 0.18%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PZW8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15544.70     | 0.00%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Hale TX                                                                | HALE CNTY TX                                                 | CUSIP: 405468DM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2195000 | PA      | $2125160.59   | 0.11%             | 2042-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                            | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145NT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $475230.63    | 0.02%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TGC5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   7600000 | PA      | $8191172.08   | 0.43%             | 2055-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Crawford County Memorial Hospital Inc                                            | CRAWFORD CNTY IA MEMORIAL HOSP REVENUE                       | CUSIP: 224832BA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1331702.08   | 0.07%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State University                                                        | KENTUCKY ST UNIV COPS                                        | CUSIP: 491588AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $218068.76    | 0.01%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of St John the Baptist LA                                                 | SAINT JOHN THE BAPTIST PARISH LA REVENUE                     | CUSIP: 79020FAY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6965490.00   | 0.37%             | 2037-06-01      | Floating      | 2.20%                 | No            |                  2 | On Loan: No      |
| North East Independent School District/TX                                        | NORTH EAST TX INDEP SCH DIST                                 | CUSIP: 659155QL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1915000 | PA      | $1945764.28   | 0.10%             | 2049-08-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| Homewood Educational Building Authority                                          | HOMEWOOD AL EDUCTNL BLDG AUTH LEASE REVENUE                  | CUSIP: 43788VAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $282581.05    | 0.01%             | 2034-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Atlantic City Board of Education                                                 | ATLANTIC CITY NJ BRD OF EDU                                  | CUSIP: 048342GN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $363083.21    | 0.02%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                 | CUSIP: 649519DP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4409726.50   | 0.23%             | 2032-11-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Lakeshore East Special Assessment Area                        | CHICAGO IL SPL ASSMNT                                        | CUSIP: 167686AN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    348000 | PA      | $333974.63    | 0.02%             | 2031-12-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061UFA1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    470000 | PA      | $457650.14    | 0.02%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Tyngsborough MA                                                          | TYNGSBOROUGH MA                                              | CUSIP: 902392KX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2035000 | PA      | $1942069.49   | 0.10%             | 2046-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                         | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758UB7<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |  11315000 | PA      | $11336634.28  | 0.60%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harvey County Unified School District 440 Halstead-Bentley                       | HARVEY CNTY KS UNIF SCH DIST #440 HALSTEAD                   | CUSIP: 417632DT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1720195.42   | 0.09%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XDR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7600000 | PA      | $7312696.44   | 0.38%             | 2042-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV  | CUSIP: 708692CD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3584577.15   | 0.19%             | 2047-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Cook County School District No 162 Matteson                                      | COOK CNTY IL SCH DIST #162 MATTESON                          | CUSIP: 215291TU9<br>LEI: 549300ABT03P6V242Y16 | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1768951.83   | 0.09%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Hospital Authority                                                   | COBB CNTY GA HOSP AUTH                                       | CUSIP: 19081PEM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5300000 | PA      | $5300000.00   | 0.28%             | 2034-04-01      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 57421CBQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $311733.18    | 0.02%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Orleans Aviation Board                                                       | NEW ORLEANS LA AVIATION BRD GULF OPPORTUNITY ZONE CFC REVENU | CUSIP: 64763XAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1309274.63   | 0.07%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlantic County Improvement Authority/The                                        | ATLANTIC CNTY NJ IMPT AUTH LEASE REVENUE                     | CUSIP: 048501JG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $246645.50    | 0.01%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlantic County Improvement Authority/The                                        | ATLANTIC CNTY NJ IMPT AUTH LEASE REVENUE                     | CUSIP: 048501JJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $435691.68    | 0.02%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 57421CBN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $496554.94    | 0.03%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV  | CUSIP: 708692BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7000000.00   | 0.37%             | 2044-06-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Klein Independent School District                                                | KLEIN TX INDEP SCH DIST                                      | CUSIP: 498531DN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1010465.81   | 0.05%             | 2033-02-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Hempstead Town Local Development Corp                                            | HEMPSTEAD TOWN NY LOCAL DEV CORP EDU REVENUE                 | CUSIP: 424685AE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1651227.28   | 0.09%             | 2027-02-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 0418064V9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1035904.61   | 0.05%             | 2031-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE              | CUSIP: 70870JAZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $903644.00    | 0.05%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                                | TENNESSEE ST ENERGY ACQUISITION CORP GAS REVENUE             | CUSIP: 880443JM9<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8651879.20   | 0.45%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Sports Facilities Authority/The                                         | ILLINOIS ST SPORTS FACS AUTH                                 | CUSIP: 452143FR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1593891.35   | 0.08%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442EEW6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    585000 | PA      | $567911.86    | 0.03%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116BY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000320.60   | 0.11%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PSR7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    570000 | PA      | $607114.47    | 0.03%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Health & Education Facilities Authority                                | MINNESOTA ST HGR EDU FACS AUTH REVENUE                       | CUSIP: 60416HKM5<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1525000.00   | 0.08%             | 2037-04-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008ERY4<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    590000 | PA      | $552349.98    | 0.03%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Board of Water Light & Sinking Fund Commissioners of The City of Dalton/The      | DALTON GA UTILITIES REVENUE                                  | CUSIP: 235586CP7<br>LEI: 549300F2NIJXYBEBL710 | Long             | DBT              | MUN               | US        |    600000 | PA      | $604710.54    | 0.03%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $760515.45    | 0.04%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUSTFUND AUTH                       | CUSIP: 64613CFE3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    230000 | PA      | $248819.47    | 0.01%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine State Housing Authority                                                    | MAINE ST HSG AUTH MTGE PURCHASE                              | CUSIP: 56052FT39<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |    765000 | PA      | $755520.27    | 0.04%             | 2037-11-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                          | HAWAII ST ARPTS SYS REVENUE                                  | CUSIP: 419794A44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5057388.00   | 0.27%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Point Phase 1 Public Infrastructure District No 1                                | POINT PHASE 1 PUB INFRASTRUCTURE DIST #1 UT TAX ASSMNT & GEN | CUSIP: 73058EAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1839244.99   | 0.10%             | 2035-03-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9900708.00   | 0.52%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FN50<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     15000 | PA      | $14294.26     | 0.00%             | 2041-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                     | MASSACHUSETTS ST PORT AUTH                                   | CUSIP: 575896XY6<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1640947.50   | 0.09%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                          | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024XA5<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1989840.00   | 0.10%             | 2056-04-01      | Floating      | 3.34%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                    | MASSACHUSETTS ST EDUCTNL FING AUTH                           | CUSIP: 57563RTY5<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2088479.40   | 0.11%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP EXEMPT FAC REVENUE            | CUSIP: 650110AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $664971.08    | 0.03%             | 2031-10-31      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Atlantic City Board of Education                                                 | ATLANTIC CITY NJ BRD OF EDU                                  | CUSIP: 048342GR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $264762.86    | 0.01%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No 816                         | LAS VEGAS NV SPL IMPT DIST #816                              | CUSIP: 51779AAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $234360.34    | 0.01%             | 2028-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DDM1<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    575000 | PA      | $577642.87    | 0.03%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                            | FARMINGTON NM POLL CONTROL REVENUE                           | CUSIP: 311450GA2<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9465492.00   | 0.50%             | 2029-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XCT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5023162.00   | 0.26%             | 2036-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                    | NEW YORK ST URBAN DEV CORP SALES TAX REVENUE                 | CUSIP: 64985TAM3<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4847010.50   | 0.25%             | 2042-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                 | CUSIP: 649519DH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1855823.80   | 0.10%             | 2069-09-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 57421CBS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $304053.05    | 0.02%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Hospital Equipment & Facilities Authority                            | MISSISSIPPI ST HOSP EQUIPMENT& FACS AUTH                     | CUSIP: 605360TS5<br>LEI: 549300DW2GVUIGE04396 | Long             | DBT              | MUN               | US        |   3930000 | PA      | $4025208.97   | 0.21%             | 2040-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Colorado Springs CO Utilities System Revenue                             | COLORADO SPRINGS CO UTILITIES REVENUE                        | CUSIP: 196632LH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.16%             | 2040-11-01      | Floating      | 2.87%                 | No            |                  2 | On Loan: No      |
| Winrock Town Center Tax Increment Development District No 1                      | WINROCK TOWN CENTER NM TAX INCR DEV DIST #1                  | CUSIP: 97535RAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1009972.25   | 0.05%             | 2033-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BJR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $555524.64    | 0.03%             | 2029-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                           | MINNEAPOLIS MN HLTH CARE SYS REVENUE                         | CUSIP: 60374VDS9<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   2585000 | PA      | $2588846.22   | 0.14%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of El Paso TX Airport Revenue                                               | EL PASO TX ARPT REVENUE                                      | CUSIP: 283736CM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $1004490.87   | 0.05%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Housing & Redevelopment Authority of The City of St Paul Minnesota               | SAINT PAUL MN HSG & REDEV AUTH CHRT SCH LEASE REVENUE        | CUSIP: 852297CA6<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    215000 | PA      | $216384.11    | 0.01%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                     | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                         | CUSIP: 92708KAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1253789.50   | 0.07%             | 2034-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                    | MASSACHUSETTS ST EDUCTNL FING AUTH                           | CUSIP: 57563RRJ0<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013357.50   | 0.05%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                           | GRAND FORKS ND HLTH CARE SYS REVENUE                         | CUSIP: 38546WDA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1744518.27   | 0.09%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008EUR5<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1349376.27   | 0.07%             | 2033-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI DEV BK SPL OBLIG                                 | CUSIP: 60534XJL1<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    315000 | PA      | $325504.24    | 0.02%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                  | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE             | CUSIP: 70878CAK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $619734.72    | 0.03%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH LTD OBLIG REVENUE                       | CUSIP: 594479CS4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    535000 | PA      | $535355.88    | 0.03%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Suffolk Regional Off-Track Betting Corp                                          | SUFFOLK REGL OFF-TRACK BETTING CORP NY REV                   | CUSIP: 86480TAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10255764.00  | 0.54%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SOL WST DISP REVENUE                 | CUSIP: 34061XAG7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2018989.40   | 0.11%             | 2054-10-01      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 23503CFL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4322364.40   | 0.23%             | 2050-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Westmoreland County Industrial Development Authority/PA                          | WESTMORELAND CNTY PA INDL DEV AUTH HLTH SYS REVENUE          | CUSIP: 960875AH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1232247.72   | 0.06%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlantic County Improvement Authority/The                                        | ATLANTIC CNTY NJ IMPT AUTH LEASE REVENUE                     | CUSIP: 048501JE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $249885.81    | 0.01%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                          | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024XT4<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |  14000000 | PA      | $13720499.80  | 0.72%             | 2056-04-01      | Floating      | 3.19%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                             | INDEPENDENT CITIES FIN AUTH CACALIF SALES TAX REV            | CUSIP: 45384PAE5<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |    350000 | PA      | $352035.88    | 0.02%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| McKenzie County Public School District No 1                                      | MCKENZIE CNTY ND PUBLIC SCH DIST #1                          | CUSIP: 581535FK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1214708.39   | 0.06%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                              | LOUISVILLE & JEFFERSON CNTY KY MET GOVT POLL CONTROL REVENUE | CUSIP: 546749AU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1914778.40   | 0.10%             | 2027-11-01      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| Northern Illinois University                                                     | NORTHERN IL UNIV REVENUES                                    | CUSIP: 665245YW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $363298.22    | 0.02%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION HLTH CARE FACS REVENUE | CUSIP: 65821DYB1<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    275000 | PA      | $276977.31    | 0.01%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH STUDENT HSG REVENUE              | CUSIP: 13049YEY3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $518324.10    | 0.03%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aviation Station North Metropolitan District No 2                                | AVIATION STATION NORTH MET DIST #2 CO                        | CUSIP: 05369KAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    499000 | PA      | $499207.58    | 0.03%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DDN9<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    430000 | PA      | $435047.21    | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 8371514V8<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4720105.80   | 0.25%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenixville Area School District                                                | PHOENIXVILLE PA AREA SCH DIST                                | CUSIP: 719189G71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2870000 | PA      | $2834907.94   | 0.15%             | 2039-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Newark Board of Education                                                        | NEWARK NJ BRD OF EDU                                         | CUSIP: 650370DM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $481058.16    | 0.03%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HOTEL REVENUE                             | CUSIP: 74447DAA5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    850000 | PA      | $841813.74    | 0.04%             | 2032-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Connecticut State Higher Education Supplement Loan Authority                     | CONNECTICUT ST HGR EDU SUPPLEMENT LOAN AUTH REVENUE          | CUSIP: 207743UX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $957180.94    | 0.05%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                           | VIRGINIA ST HSG DEV AUTH                                     | CUSIP: 92812WWR1<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3492769.00   | 0.18%             | 2045-09-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDUCTNL FAC REVENUE                       | CUSIP: 74443DGL9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1032939.78   | 0.05%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                     | NEW YORK ST ENVRNMNTL FACS CORP SOL WST DISP REVENUE         | CUSIP: 649852AS9<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1639996.64   | 0.09%             | 2050-09-01      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| Lancaster City Parking Authority                                                 | LANCASTER PA PKG AUTH                                        | CUSIP: 514372JY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1205360.55   | 0.06%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442EKK5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    725000 | PA      | $764350.54    | 0.04%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Southern State University                                               | MISSOURI ST STHRN ST UNIV AUXILIARY ENTERPRISE REVENUE       | CUSIP: 60629QAU1<br>LEI: 5493006A7RZIOMVEPD54 | Long             | DBT              | MUN               | US        |    195000 | PA      | $193256.51    | 0.01%             | 2026-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 65000BJP4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    625000 | PA      | $675326.19    | 0.04%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Orleans LA Sewerage Service Revenue                                  | NEW ORLEANS LA SEWAGE SVC REVENUE                            | CUSIP: 647719PH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $651293.34    | 0.03%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson County Public Hospital District No 2                                   | JEFFERSON CNTY WA PUB HOSP DIST NO 2                         | CUSIP: 473644AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2386848.47   | 0.13%             | 2033-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041807JS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1010294.14   | 0.05%             | 2039-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE            | CUSIP: 414009QU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3205000 | PA      | $3064187.04   | 0.16%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Winchester Economic Development Authority                                        | WINCHESTER VA ECON DEV AUTH REVENUE                          | CUSIP: 973122AW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.11%             | 2054-01-01      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| Babylon L D Corp II                                                              | BABYLON L D CORP II N Y ED REV                               | CUSIP: 05618TAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3720000 | PA      | $3770795.48   | 0.20%             | 2043-02-01      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389D70<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   2030000 | PA      | $2052912.61   | 0.11%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505WV4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2026876.00   | 0.11%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Public Facilities Authority                                                | TULSA OK PUBLIC FACS AUTH                                    | CUSIP: 899673DL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4050000 | PA      | $4108511.97   | 0.22%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH REVENUE                             | CUSIP: 04052ADD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1169244.45   | 0.06%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                             | MIDA MOUNTAIN VLG PUBLIC INFRASTRUCTURE DIST UT SPL ASSMNT   | CUSIP: 59561TAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $921983.28    | 0.05%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northern Illinois University                                                     | NTHRN IL UNIV COPS                                           | CUSIP: 665238CV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $538738.00    | 0.03%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 626207X74<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    400000 | PA      | $421502.20    | 0.02%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH ECON DEV REVENUE                 | CUSIP: 64577HPQ8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    185000 | PA      | $169794.87    | 0.01%             | 2030-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EWS3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1860000 | PA      | $1903596.17   | 0.10%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041807JR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $774466.16    | 0.04%             | 2034-06-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                                            | S JERSEY NJ TRANSPRTN AUTH TRANSPRTN SYS REVENUE             | CUSIP: 838536MG2<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |    500000 | PA      | $549998.50    | 0.03%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                         | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758UG6<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    660000 | PA      | $660871.53    | 0.03%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH MTR VEHCL SURCHARGE REVENUE      | CUSIP: 64578JBB1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   9705000 | PA      | $9628685.70   | 0.51%             | 2030-07-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                   | CUSIP: 167486R43<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    895000 | PA      | $945046.16    | 0.05%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576GZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051148.20   | 0.06%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority/The                                                | ATLANTA GA DEV AUTH                                          | CUSIP: 04780NMX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014987.60   | 0.05%             | 2039-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX Waterworks & Sewer System Revenue                              | DALLAS TX WTRWKS & SWR SYS REVENUE                           | CUSIP: 23542JAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16225000 | PA      | $16575275.04  | 0.87%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REV                  | CUSIP: 20774YJ99<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1490167.05   | 0.08%             | 2042-07-01      | Floating      | 2.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION HLTH CARE FACS REVENUE | CUSIP: 65821DYC9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    285000 | PA      | $287533.22    | 0.02%             | 2030-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Ramsey MN                                                                | RAMSEY MN CHRT SCH LEASE REVENUE                             | CUSIP: 751814AA2<br>LEI: 549300PYUDKBK3S78343 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6502642.90   | 0.34%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                               | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643WU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3221104.25   | 0.17%             | 2045-05-01      | Floating      | 3.14%                 | No            |                  2 | On Loan: No      |
| Northern Illinois University                                                     | NORTHERN IL UNIV REVENUES                                    | CUSIP: 665245YZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $351693.42    | 0.02%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FIN CORP TX HOSP REVENUE          | CUSIP: 645424AG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2038277.20   | 0.11%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Water Light & Sinking Fund Commissioners of The City of Dalton/The      | DALTON GA UTILITIES REVENUE                                  | CUSIP: 235586CQ5<br>LEI: 549300F2NIJXYBEBL710 | Long             | DBT              | MUN               | US        |    700000 | PA      | $720096.16    | 0.04%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Unified School District                                            | SAN FRANCISCO CITY & CNTY CA UNIF SCH DIST                   | CUSIP: 79771TLB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4002930.80   | 0.21%             | 2031-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| McKenzie County Public School District No 1                                      | MCKENZIE CNTY ND PUBLIC SCH DIST #1                          | CUSIP: 581535FL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1295162.61   | 0.07%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Center District                                                        | WISCONSIN CENTER DIST WI TAX REVENUE                         | CUSIP: 976595GA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $344421.68    | 0.02%             | 2029-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Laurel Highlands School District                                                 | LAUREL HIGHLANDS PA SCH DIST                                 | CUSIP: 518705NE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $994315.74    | 0.05%             | 2027-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 6262072E3<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    910000 | PA      | $952956.19    | 0.05%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine State Housing Authority                                                    | MAINE ST HSG AUTH MTGE PURCHASE                              | CUSIP: 56052FS30<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |    290000 | PA      | $294131.75    | 0.02%             | 2029-11-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Phoenixville Area School District                                                | PHOENIXVILLE PA AREA SCH DIST                                | CUSIP: 719189G63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4290000 | PA      | $4273439.74   | 0.22%             | 2038-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Collierville TN                                                          | COLLIERVILLE TN                                              | CUSIP: 194702ZD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3150000 | PA      | $3013919.37   | 0.16%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972FX43<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  10500000 | PA      | $10500000.00  | 0.55%             | 2043-06-15      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | NORTH DAKOTA ST HSG FIN AGY                                  | CUSIP: 65889BAU8<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2103069.77   | 0.11%             | 2035-01-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Charlotte County Industrial Development Authority/FL                             | CHARLOTTE CNTY FL INDL DEV AUTH UTILITY SYS REVENUE          | CUSIP: 16080TAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1133298.00   | 0.06%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Travis County Housing Finance Corp                                               | TRAVIS CNTY TX HSG FIN CORP MF HSG REVENUE                   | CUSIP: 89438UBM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001737.60   | 0.05%             | 2045-06-01      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806L24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $79569.73     | 0.00%             | 2029-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Garden State Preservation Trust                                                  | GARDEN ST PRESERVATION TRUST NJ OPEN SPACE & FARMLAND PRESER | CUSIP: 365418BX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3170000 | PA      | $3325885.38   | 0.17%             | 2028-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                           | VIRGINIA ST HSG DEV AUTH                                     | CUSIP: 92812WWP5<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    825000 | PA      | $813866.38    | 0.04%             | 2037-09-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Aerotropolis Regional Transportation Authority                                   | AEROTROPOLIS REGL TRANPRTN AUTH CO SPL REVENUE               | CUSIP: 008051AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1954920.80   | 0.10%             | 2044-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Northern Illinois University                                                     | NTHRN IL UNIV COPS                                           | CUSIP: 665238CT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $803965.34    | 0.04%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cook County School District No 99 Cicero                                         | COOK CNTY IL SCH DIST #99 CICERO                             | CUSIP: 214381KA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003477.80   | 0.05%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                     | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                         | CUSIP: 92708KAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $1019702.08   | 0.05%             | 2033-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Wakara Ridge Public Infrastructure District                                      | WAKARA RIDGE PUB INFRASTRUCTURE DIST UT SPL ASSMNT           | CUSIP: 930814AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3150000 | PA      | $3189440.52   | 0.17%             | 2054-12-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE              | CUSIP: 84136FBT3<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11660453.20  | 0.61%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| George L Smith II Congress Center Authority                                      | GEO L SMITH II GA CONGRESS CTR AUTH                          | CUSIP: 37255MAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1772615.43   | 0.09%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                     | KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG                  | CUSIP: 48504NAS8<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2117133.60   | 0.11%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH REVENUE                             | CUSIP: 45201YM79<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $978890.50    | 0.05%             | 2031-08-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH CHRT SCHREVENUE                         | CUSIP: 452022BS4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1291136.54   | 0.07%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                              | CALIFORNIA PUBLIC FIN AUTH REVENUE                           | CUSIP: 13057EDT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $417423.72    | 0.02%             | 2026-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                              | PHILADELPHIA PA SCH DIST                                     | CUSIP: 717883VY5<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2708399.75   | 0.14%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Water Light & Sinking Fund Commissioners of The City of Dalton/The      | DALTON GA UTILITIES REVENUE                                  | CUSIP: 235586CV4<br>LEI: 549300F2NIJXYBEBL710 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083029.00   | 0.06%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shakopee MN Senior Housing Revenue                                       | SHAKOPEE MN SENIORHSG REVENUE                                | CUSIP: 81919TAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5310000 | PA      | $5306718.95   | 0.28%             | 2058-11-01      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| Connecticut State Higher Education Supplement Loan Authority                     | CONNECTICUT ST HGR EDU SUPPLEMENT LOAN AUTH REVENUE          | CUSIP: 207743UY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $376326.13    | 0.02%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PEFA Inc                                                                         | PEFA INC IA GAS PROJ REVENUE                                 | CUSIP: 70556CAB0<br>LEI: 549300RSE249DJNRHY07 | Long             | DBT              | MUN               | US        |   4975000 | PA      | $5062428.66   | 0.27%             | 2049-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Lakeshore East Special Assessment Area                        | CHICAGO IL SPL ASSMNT                                        | CUSIP: 167686AM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $314426.52    | 0.02%             | 2030-12-01      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| King County Housing Authority                                                    | KING CNTY WA HSG AUTH WORKFORCE HSG PRESERVATION POOLED REV  | CUSIP: 49476YAH0<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |    225000 | PA      | $231958.71    | 0.01%             | 2029-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Pasco FL                                                               | PASCO CNTY FL CAPITAL IMPT CIGARETTE TAX ALLOCATION          | CUSIP: 70252AAP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $801366.57    | 0.04%             | 2038-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                   | CUSIP: 70869PPE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005038.80   | 0.05%             | 2046-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lake Superior State University                                                   | LAKE SUPERIOR MI ST UNIV                                     | CUSIP: 511002GA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $419473.68    | 0.02%             | 2031-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northern Illinois University                                                     | NTHRN IL UNIV COPS                                           | CUSIP: 665238CW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $641433.96    | 0.03%             | 2037-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alaska Industrial Development & Export Authority                                 | ALASKA ST INDL DEV & EXPORT AUTH REVENUE                     | CUSIP: 011903FW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1511431.45   | 0.08%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204E2L1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3996201.20   | 0.21%             | 2034-11-01      | Floating      | 4.06%                 | No            |                  2 | On Loan: No      |
| City of Berwyn IL                                                                | BERWYN IL                                                    | CUSIP: 086257PT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2345000 | PA      | $2361492.85   | 0.12%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116FP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1450539.42   | 0.08%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Finance Agency                                 | NORTH CAROLINA ST CAPITAL FACS FIN AGY EDUCTNL FACS REVENUE  | CUSIP: 65818PNZ8<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |    450000 | PA      | $480592.94    | 0.03%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505QR0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   5095000 | PA      | $5059743.11   | 0.27%             | 2039-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH REVENUE                             | CUSIP: 04052ADE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1262509.23   | 0.07%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbia KY                                                              | COLUMBIA KY EDUCTNL DEV REVENUE                              | CUSIP: 197763ET8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $578499.01    | 0.03%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Odessa Junior College District                                                   | ODESSA TX JNR CLG DIST REVENUE                               | CUSIP: 676040JP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $679576.56    | 0.04%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greater Ouachita Water Co                                                        | GREATER OUACHITA WTR CO INC LA WTRWKS & SWR SYS REVENUE      | CUSIP: 392276AZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $996036.53    | 0.05%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                 | MINNESOTA ST HSG FIN AGY                                     | CUSIP: 60416SYR5<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   6540000 | PA      | $6540000.00   | 0.34%             | 2045-01-01      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| Yamhill County Hospital Authority                                                | YAMHILL CNTY OR HOSP AUTH                                    | CUSIP: 98464UAV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1214398.98   | 0.06%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                              | VIRGINIA CLG BLDG AUTH EDUCTNL FACS REVENUE                  | CUSIP: 92778FKL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $373213.09    | 0.02%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                             | MIDA MOUNTAIN VLG PUBLIC INFRASTRUCTURE DIST UT SPL ASSMNT   | CUSIP: 59561TAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $484265.86    | 0.03%             | 2029-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AKU5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   5425000 | PA      | $5494710.71   | 0.29%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bridgeport CT                                                            | BRIDGEPORT CT                                                | CUSIP: 108152HM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1702694.26   | 0.09%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monongalia County Commission Excise Tax District                                 | MONONGALIA CNTY WV COMMISSION SPL DIST EXCISE TAX REVENUE    | CUSIP: 61022CAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $712099.08    | 0.04%             | 2043-06-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Indiana Bond Bank                                                                | INDIANA BOND BANK REVENUE                                    | CUSIP: 45462TJL7<br>LEI: 549300TZMGETS4ELEI93 | Long             | DBT              | MUN               | US        |    735000 | PA      | $715827.45    | 0.04%             | 2026-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Alabama Special Care Facilities Financing Authority-Birmingham AL                | ALABAMA ST SPL CARE FACS FING AUTH BIRMINGHAM MOBILE REVENUE | CUSIP: 01039VAP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5012054.00   | 0.26%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                  | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE             | CUSIP: 70878CBM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3454568.65   | 0.18%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                              | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TES5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250666.60    | 0.01%             | 2027-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Berwyn IL                                                                | BERWYN IL                                                    | CUSIP: 086257PS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3022378.20   | 0.16%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 57421CBZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $449415.06    | 0.02%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH SF MTGE REVENUE                             | CUSIP: 462467D99<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   7280000 | PA      | $7280000.00   | 0.38%             | 2049-07-01      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                                     | WEST VIRGINIA ST ECON DEV AUTH SOL WST DISP FACS             | CUSIP: 95648VBK4<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   5245000 | PA      | $5195882.15   | 0.27%             | 2037-06-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Northern Illinois University                                                     | NTHRN IL UNIV COPS                                           | CUSIP: 665238CY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $789198.53    | 0.04%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BH38<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1192752.13   | 0.06%             | 2043-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806Y53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $316099.68    | 0.02%             | 2030-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mission Economic Development Corp                                                | MISSION TX ECON DEV CORP SOL WST DISP REVENUE                | CUSIP: 605155BW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2589645.25   | 0.14%             | 2064-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                     | CUSIP: 40065NDB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1645344.60   | 0.09%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI DEV BK SPL OBLIG                                 | CUSIP: 60534XJQ0<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    435000 | PA      | $437596.30    | 0.02%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JMB1<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4299569.20   | 0.23%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Illinois University                                                     | STHRN ILLINOIS ST UNIV                                       | CUSIP: 8431465Q0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $626002.04    | 0.03%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlantic County Improvement Authority/The                                        | ATLANTIC CNTY NJ IMPT AUTH LEASE REVENUE                     | CUSIP: 048501JL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202070.14    | 0.01%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| McKenzie County Public School District No 1                                      | MCKENZIE CNTY ND PUBLIC SCH DIST #1                          | CUSIP: 581535FM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1377401.76   | 0.07%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | OREGON ST FACS AUTH REVENUE                                  | CUSIP: 68608JYC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $126782.91    | 0.01%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YM71<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    355000 | PA      | $351216.52    | 0.02%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Atlantic City Board of Education                                                 | ATLANTIC CITY NJ BRD OF EDU                                  | CUSIP: 048342GQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $306879.06    | 0.02%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                            | NORTH CAROLINA ST HSG FIN AGY HOMEOWNERSHIP REVENUE          | CUSIP: 6582077L3<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2486869.25   | 0.13%             | 2039-07-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Iowa Student Loan Liquidity Corp                                                 | IOWA ST STUDENT LOAN LIQUIDITY CORP                          | CUSIP: 462590MN7<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1238539.65   | 0.07%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS FIN AUTH SURFACE FREIGHT TRANSFER FACS REVENUE      | CUSIP: 45203PAC8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5132302.50   | 0.27%             | 2043-12-01      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | OREGON ST FACS AUTH REVENUE                                  | CUSIP: 68608JWB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1756974.63   | 0.09%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brazoria County Industrial Development Corp                                      | BRAZORIA CNTY TX INDL DEV CORP SOLID WST DISP FACS REVENUE   | CUSIP: 10604PAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2812106 | PA      | $646784.35    | 0.03%             | 2042-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp                                                  | ONONDAGA NY CIVIC DEV CORP                                   | CUSIP: 682832KG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $721238.78    | 0.04%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 57421CBR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $305622.21    | 0.02%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI DEV BK SPL OBLIG                                 | CUSIP: 60534XJP2<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    400000 | PA      | $403191.80    | 0.02%             | 2031-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204E7K8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1995000 | PA      | $2035543.59   | 0.11%             | 2030-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DDW9<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4620172.95   | 0.24%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX      | CUSIP: 89602HAE7<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   7900000 | PA      | $7588583.58   | 0.40%             | 2045-05-15      | Floating      | 2.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                            | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145NS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $417599.37    | 0.02%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Industrial Development Authority                                       | LANCASTER PA INDL DEV AUTH                                   | CUSIP: 51434NAP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $303967.26    | 0.02%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cook County Community Consolidated School District No 15 Palatine                | COOK CNTY IL CMNTY CONSOL SCHDIST #15 PALATINE               | CUSIP: 213291QN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2549678.16   | 0.13%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PSP1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    350000 | PA      | $375557.91    | 0.02%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990GGF3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7823394.40   | 0.41%             | 2036-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DED0<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1713715.82   | 0.09%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                   | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035JDN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500000.00   | 0.13%             | 2059-07-15      | Floating      | 2.94%                 | No            |                  2 | On Loan: No      |
| City of St Louis MO Airport Revenue                                              | SAINT LOUIS MO ARPT REVENUE                                  | CUSIP: 791638G45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2090000 | PA      | $2153277.89   | 0.11%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Island Park NY                                                        | ISLAND PARK NY                                               | CUSIP: 464480FX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $128818.00    | 0.01%             | 2034-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Monongalia County Commission Excise Tax District                                 | MONONGALIA CNTY WV COMMISSION SPL DIST EXCISE TAX REVENUE    | CUSIP: 61022CAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1182400.39   | 0.06%             | 2027-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                     | MASSACHUSETTS ST PORT AUTH                                   | CUSIP: 575896YA7<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   2615000 | PA      | $2825135.65   | 0.15%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712D3M6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    600000 | PA      | $634156.08    | 0.03%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Department of Education                                                     | GUAM GOVT DEPT OF EDU COPS                                   | CUSIP: 40065AAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1365286.08   | 0.07%             | 2030-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FKL8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    985000 | PA      | $976887.15    | 0.05%             | 2031-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Poughkeepsie NY                                                          | POUGHKEEPSIE CITY NY                                         | CUSIP: 7386296F6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $246231.57    | 0.01%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990GGH9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   5965000 | PA      | $5661722.70   | 0.30%             | 2038-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                             | MIDA MOUNTAIN VLG PUBLIC INFRASTRUCTURE DIST UT TAX ALLOCATI | CUSIP: 59561UAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1515807.45   | 0.08%             | 2039-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education Dedicated Capital Improvement Tax                     | CHICAGO IL BRD OF EDU DEDICATED CAPITAL IMPT TAX             | CUSIP: 167510AX4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1778129.28   | 0.09%             | 2034-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                           | TEMPE AZ INDL DEV AUTH REVENUE                               | CUSIP: 87972MBJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $269893.70    | 0.01%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH                                     | CUSIP: 6789083E2<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |    715000 | PA      | $742607.79    | 0.04%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                             | MIDA MOUNTAIN VLG PUBLIC INFRASTRUCTURE DIST UT SPL ASSMNT   | CUSIP: 59561TAJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $901310.85    | 0.05%             | 2026-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 6262073C6<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1041842.17   | 0.05%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand River Hospital District                                                    | GRAND RIVER CO HOSP DIST                                     | CUSIP: 386448EC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002901.40   | 0.05%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Island Park NY                                                        | ISLAND PARK NY                                               | CUSIP: 464480GB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $146428.79    | 0.01%             | 2038-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                          | CAPITAL TRUST AUTH FL EDUCTNL FACS REVENUE                   | CUSIP: 14054WAS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003646.00   | 0.05%             | 2044-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Higher Education Supplement Loan Authority                     | CONNECTICUT ST HGR EDU SUPPLEMENT LOAN AUTH REVENUE          | CUSIP: 207743VS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $128547.60    | 0.01%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Alabama Gas District/The                                                   | LOWER AL GAS DIST GAS PROJ REVENUE                           | CUSIP: 547804AM6<br>LEI: 549300YTI1NTDG2OVU42 | Long             | DBT              | MUN               | US        |   8660000 | PA      | $8677733.95   | 0.46%             | 2050-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008ERZ1<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    525000 | PA      | $489063.23    | 0.03%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DCR1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  10235000 | PA      | $10319974.04  | 0.54%             | 2050-03-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 79625GBX0<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4237132.70   | 0.22%             | 2049-02-01      | Floating      | 1.75%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                              | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TVG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $3063685.35   | 0.16%             | 2026-12-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 4521522J9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3069045.30   | 0.16%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Odessa Junior College District                                                   | ODESSA TX JNR CLG DIST REVENUE                               | CUSIP: 676040JS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $485987.47    | 0.03%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224C98<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1385673.74   | 0.07%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | CALIFORNIA HSG FIN AGY MUNI CTFS                             | CUSIP: 13033DAC9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1287699 | PA      | $1313825.91   | 0.07%             | 2033-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                   | SOUTHCENTRL PA GEN AUTH REVENUE                              | CUSIP: 84129NMZ9<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |    245000 | PA      | $260895.89    | 0.01%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH MTR VEHCL SURCHARGE REVENUE      | CUSIP: 64578JBA3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   5620000 | PA      | $5539852.06   | 0.29%             | 2029-07-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Odessa Junior College District                                                   | ODESSA TX JNR CLG DIST REVENUE                               | CUSIP: 676040JQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $918759.76    | 0.05%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State University                                                        | KENTUCKY ST UNIV COPS                                        | CUSIP: 491588AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $135040.09    | 0.01%             | 2034-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                           | MAINE HLTH & HGR EDUCTNL FACS AUTH REVENUE                   | CUSIP: 56042RVY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1865000 | PA      | $1952911.62   | 0.10%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XFV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2907375.60   | 0.15%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                 | CUSIP: 677525WB9<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6928131.70   | 0.36%             | 2029-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Martin County Health Facilities Authority                                        | MARTIN CNTY FL HLTH FACS AUTH                                | CUSIP: 573903FZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2721771.00   | 0.14%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DDP4<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    530000 | PA      | $540035.39    | 0.03%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YE54<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    320000 | PA      | $355749.28    | 0.02%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA REVENUE                                     | CUSIP: 25483VXP4<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    805000 | PA      | $780754.45    | 0.04%             | 2030-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                     | CUSIP: 40065NCN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $803494.13    | 0.04%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST GAS SPLY REVENUE   | CUSIP: 84136JAL3<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16657068.00  | 0.87%             | 2055-11-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority/The                                                | ATLANTA GA DEV AUTH                                          | CUSIP: 04780NMW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1519271.85   | 0.08%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Board of the City of Mobile Alabama                       | MOBILE AL INDL DEV BRD POLL CONTROL REVENUE                  | CUSIP: 607167EA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3806761.13   | 0.20%             | 2034-06-01      | Floating      | 3.38%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                 | PORT OF GTR CINCINNATI DEV AUTH OH EDU REVENUE               | CUSIP: 73421LAA9<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   2340000 | PA      | $2318415.14   | 0.12%             | 2056-06-15      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| Lincoln Airport Authority                                                        | LINCOLN NE ARPT AUTH                                         | CUSIP: 534247QR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $890455.94    | 0.05%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Homewood Educational Building Authority                                          | HOMEWOOD AL EDUCTNL BLDG AUTH LEASE REVENUE                  | CUSIP: 43788VAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1087941.40   | 0.06%             | 2035-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349DG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1780555.35   | 0.09%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH LTD OBLIG REVENUE                       | CUSIP: 594479CR6<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    585000 | PA      | $585391.42    | 0.03%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990GZB1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1474154.36   | 0.08%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP EXEMPT FAC REVENUE            | CUSIP: 650110AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499010.70    | 0.03%             | 2034-10-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 6262073W2<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1225376.54   | 0.06%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                     | CUSIP: 84136HAZ6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1090799.60   | 0.06%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080S2U7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5365320.00   | 0.28%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Department of Transportation State Highway Fund                            | TEXAS TRANSPRTN COMMISSION ST HIGHWAY FUND REVENUE           | CUSIP: 88283LKY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.26%             | 2032-04-01      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YE39<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    175000 | PA      | $186796.44    | 0.01%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                                | TENNESSEE ST ENERGY ACQUISITION CORP GAS REVENUE             | CUSIP: 880443JE7<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   2210000 | PA      | $2212398.96   | 0.12%             | 2049-11-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA ST STWD CMNTYS DEV AUTH REVENUE                   | CUSIP: 130795DH7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   4575000 | PA      | $4575000.00   | 0.24%             | 2041-07-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Bexar TX                                                               | BEXAR CNTY TX                                                | CUSIP: 088281B25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4971339.50   | 0.26%             | 2041-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505SM9<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1945000 | PA      | $1957248.64   | 0.10%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH SOL WST DISP REVENUE    | CUSIP: 83704DAJ5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    260000 | PA      | $246404.60    | 0.01%             | 2029-12-06      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452152G70<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2015366.20   | 0.11%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster City Parking Authority                                                 | LANCASTER PA PKG AUTH                                        | CUSIP: 514372JX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $581214.86    | 0.03%             | 2027-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maine State Housing Authority                                                    | MAINE ST HSG AUTH MTGE PURCHASE                              | CUSIP: 56052FS55<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |    320000 | PA      | $325261.12    | 0.02%             | 2031-11-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PSL0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    175000 | PA      | $186168.89    | 0.01%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma County Finance Authority                                                | OKLAHOMA CNTY OK FIN AUTH EDUCTNL FACS LEASE REVENUE         | CUSIP: 67868UKJ1<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2107478.40   | 0.11%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                  | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE             | CUSIP: 70878CAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $846823.20    | 0.04%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                          | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE   | CUSIP: 882667AP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075613.60   | 0.06%             | 2030-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Island Park NY                                                        | ISLAND PARK NY                                               | CUSIP: 464480GA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65488.27     | 0.00%             | 2037-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                            | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM             | CUSIP: 20775HDU4<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.05%             | 2050-11-15      | Floating      | 3.10%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                               | HOUSTON TX                                                   | CUSIP: 4423315M2<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2329568.00   | 0.12%             | 2044-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | CAPITAL PROJS FIN AUTH FL EDUCTNL FACS REVENUE               | CUSIP: 14043FAK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $792836.23    | 0.04%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Valparaiso IN                                                            | VALPARAISO IN EXEMPT FACS REVENUE                            | CUSIP: 92028RAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2925000 | PA      | $3015310.55   | 0.16%             | 2034-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Florida Higher Educational Facilities Financing Authority                        | FLORIDA ST HGR EDUCTNL FACS FINANCIAL AUTH REVENUE           | CUSIP: 34073TMT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1101371.99   | 0.06%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside County Public Financing Authority                                      | RIVERSIDE CNTY CA PUBLIC FINGAUTH                            | CUSIP: 76912TKJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1252391.25   | 0.07%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                           | GRAND FORKS ND HLTH CARE SYS REVENUE                         | CUSIP: 38546WDB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1708072.48   | 0.09%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cook County School District No 99 Cicero                                         | COOK CNTY IL SCH DIST #99 CICERO                             | CUSIP: 214381JS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3030000 | PA      | $3111184.00   | 0.16%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9250000 | PA      | $9663692.38   | 0.51%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Thompson Crossing Metropolitan District No 4                                     | THOMPSON CROSSING MET DIST #4 CO                             | CUSIP: 88477EAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    514000 | PA      | $506032.28    | 0.03%             | 2029-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                     | MASSACHUSETTS ST PORT AUTH                                   | CUSIP: 575896XX8<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1105124.90   | 0.06%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Berkeley SC                                                            | BERKELEY CNTY SC ASSMNT REVENUE                              | CUSIP: 084220AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $278590.03    | 0.01%             | 2030-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No 816                         | LAS VEGAS NV SPL IMPT DIST #816                              | CUSIP: 51779AAH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $187045.74    | 0.01%             | 2029-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Maine State Housing Authority                                                    | MAINE ST HSG AUTH MTGE PURCHASE                              | CUSIP: 56052FS48<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152010.14    | 0.01%             | 2030-11-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Lake Superior State University                                                   | LAKE SUPERIOR MI ST UNIV                                     | CUSIP: 511002FY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1271291.36   | 0.07%             | 2029-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                   | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88033Y2K6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5460000 | PA      | $5460000.00   | 0.29%             | 2041-12-01      | Floating      | 2.97%                 | No            |                  2 | On Loan: No      |
| King County Housing Authority                                                    | KING CNTY WA HSG AUTH WORKFORCE HSG PRESERVATION POOLED REV  | CUSIP: 49476YAL1<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |    600000 | PA      | $514635.96    | 0.03%             | 2033-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Illinois Sports Facilities Authority/The                                         | ILLINOIS ST SPORTS FACS AUTH                                 | CUSIP: 452143CT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1698781.49   | 0.09%             | 2026-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MIDA Mountain Veterans Program Public Infrastructure District                    | MIDAS MOUNTAIN VETERANS PROGRAM PUB INFRASTRUCTURE DIST      | CUSIP: 59561SAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $983409.00    | 0.05%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                   | CUSIP: 167486S83<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |  25000000 | PA      | $24225375.00  | 1.27%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JFW1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11156308.00  | 0.59%             | 2056-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CHRT SCH REVENUE                          | CUSIP: 744396EY4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400083.60    | 0.02%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Odessa Junior College District                                                   | ODESSA TX JNR CLG DIST REVENUE                               | CUSIP: 676040JU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $520128.50    | 0.03%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                                  | CHESTER CNTY PA INDL DEV AUTH                                | CUSIP: 165588DN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $789547.35    | 0.04%             | 2027-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                     | CUSIP: 544532HU1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.53%             | 2048-07-01      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                                 | TENNERGY CORP TN GAS REVENUE                                 | CUSIP: 880397CF9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   8010000 | PA      | $8644571.42   | 0.45%             | 2053-10-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| East Baton Rouge Sewerage Commission                                             | E BATON ROUGE PARISH LA SWR COMMISSION REVENUE               | CUSIP: 270618HF1<br>LEI: 5493006BC84VNIRSCG97 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3287046.00   | 0.17%             | 2041-02-01      | Floating      | 1.30%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                    | MASSACHUSETTS ST EDUCTNL FING AUTH                           | CUSIP: 57563RRL5<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1305299.63   | 0.07%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041807KW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $382192.12    | 0.02%             | 2044-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FJE5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5473788.60   | 0.29%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima/The                       | PIMA CNTY AZ INDL DEV AUTH EDU REVENUE                       | CUSIP: 72177MTJ6<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    685000 | PA      | $548000.00    | 0.03%             | 2025-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| West Virginia University                                                         | WEST VIRGINIA UNIV REVENUES                                  | CUSIP: 956704B74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076480.50   | 0.06%             | 2041-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine State Housing Authority                                                    | MAINE ST HSG AUTH MTGE PURCHASE                              | CUSIP: 56052FS63<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |    530000 | PA      | $544559.15    | 0.03%             | 2032-11-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Madison-Macoupin Etc Counties Community College District No 536/IL               | MADISON MACOUPIN ETC CNTYS ILCMNTY CLG DIST #536             | CUSIP: 557738NC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1622748.49   | 0.09%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PSM8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    175000 | PA      | $188474.44    | 0.01%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FINCORP TX EDU REVENUE            | CUSIP: 64542QBM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1231907.95   | 0.06%             | 2030-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northern Illinois University                                                     | NTHRN IL UNIV COPS                                           | CUSIP: 665238CS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $891708.53    | 0.05%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                           | MAINE HLTH & HGR EDUCTNL FACSAUTH REVENUE                    | CUSIP: 56042RS86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $187012.42    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712D3X2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    375000 | PA      | $382897.88    | 0.02%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                            | HAMILTON CNTY OH HOSP FACS REVENUE                           | CUSIP: 407272W58<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    650000 | PA      | $683930.72    | 0.04%             | 2028-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                            | HAMILTON CNTY OH HOSP FACS REVENUE                           | CUSIP: 407272W41<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    615000 | PA      | $636621.00    | 0.03%             | 2027-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041807KV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $243044.80    | 0.01%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806K90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $76882.12     | 0.00%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of El Paso TX Airport Revenue                                               | EL PASO TX ARPT REVENUE                                      | CUSIP: 283736CK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $873865.83    | 0.05%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675932A9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $352938.63    | 0.02%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Orleans LA Sewerage Service Revenue                                  | NEW ORLEANS LA SEWAGE SVC REVENUE                            | CUSIP: 647719PD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $355163.97    | 0.02%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008EUV6<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1190001.12   | 0.06%             | 2033-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WASHINGTON ST HLTH CARE FACS AUTH                            | CUSIP: 93978HYL3<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000359.20   | 0.05%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YE21<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    160000 | PA      | $166940.05    | 0.01%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452152L82<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5009525.00   | 0.26%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Finance Authority of Maine                                                       | MAINE ST FIN AUTH SOL WST DISP REVENUE                       | CUSIP: 56042CAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2461411.75   | 0.13%             | 2047-12-01      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| Northern Illinois University                                                     | NTHRN IL UNIV COPS                                           | CUSIP: 665238CU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $894319.31    | 0.05%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH CHRT SCHREVENUE                         | CUSIP: 452022BT2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   4475000 | PA      | $3531993.10   | 0.19%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL                                                                | COOK CNTY IL                                                 | CUSIP: 213185LY5<br>LEI: 5493004UMR7OX4YITE10 | Long             | DBT              | MUN               | US        |   3850000 | PA      | $4188154.74   | 0.22%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH REVENUE                             | CUSIP: 04052ADF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053151.90   | 0.06%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vermont Housing Finance Agency                                                   | VERMONT ST HSG FIN AGY                                       | CUSIP: 924190TR2<br>LEI: 549300RD7EYN90K0W008 | Long             | DBT              | MUN               | US        |    780000 | PA      | $782120.04    | 0.04%             | 2050-11-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505XR2<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1459687.95   | 0.08%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH CHRT SCH LEASE REVENUE           | CUSIP: 130486AW3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $248483.58    | 0.01%             | 2026-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Public Educational Facilities Authority                                 | MICHIGAN ST PUBLIC EDUCTNL FACS AUTH                         | CUSIP: 594569CV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $550516.51    | 0.03%             | 2028-11-01      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| St Johns County Industrial Development Authority                                 | SAINT JOHNS CNTY FL INDL DEV AUTH SENIOR LIVING REVENUE      | CUSIP: 79041LAJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $221856.46    | 0.01%             | 2029-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Health and Hospitals Corp                                          | NEW YORK CITY NY HLTH & HOSP CORP                            | CUSIP: 649674GR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1165000.00   | 0.06%             | 2031-02-15      | Floating      | 2.85%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH REVENUE                             | CUSIP: 45203MGW5<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2200000.00   | 0.12%             | 2045-04-01      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 6262073X0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1096421.49   | 0.06%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL Sales Tax Revenue                                              | COOK CNTY IL SALES TAX REVENUE                               | CUSIP: 213248CD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $735886.42    | 0.04%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Monongalia WV                                                          | MONONGALIA CNTY WV COMMISSION TX INCR REVENUE                | CUSIP: 61022DAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $417182.32    | 0.02%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of St John the Baptist LA                                                 | SAINT JOHN THE BAPTIST PARISH LA REVENUE                     | CUSIP: 79020FBA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8330000 | PA      | $8299661.31   | 0.44%             | 2037-06-01      | Floating      | 2.38%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447PYQ8<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3002497.20   | 0.16%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                          | MIAMI-DADE CNTY FL                                           | CUSIP: 59333FVE7<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |  12605000 | PA      | $12412879.63  | 0.65%             | 2042-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                                     | AMERICAN MUNI PWR-OHIO INC OH REVENUE                        | CUSIP: 02765URA4<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1898176.82   | 0.10%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                            | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145RB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4880000 | PA      | $4963439.22   | 0.26%             | 2033-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| McKenzie County Public School District No 1                                      | MCKENZIE CNTY ND PUBLIC SCH DIST #1                          | CUSIP: 581535FP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1510594.01   | 0.08%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712D3Y0<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1448620.19   | 0.08%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbia KY                                                              | COLUMBIA KY EDUCTNL DEV REVENUE                              | CUSIP: 197763ES0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $562724.69    | 0.03%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp                                                  | ONONDAGA NY CIVIC DEV CORP                                   | CUSIP: 682832KM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $199282.84    | 0.01%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593Z88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $440323.48    | 0.02%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newark Board of Education                                                        | NEWARK NJ BRD OF EDU                                         | CUSIP: 650370DK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $359781.76    | 0.02%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wise TX                                                                | WISE CNTY TX LEASE REVENUE                                   | CUSIP: 977195BB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $727676.36    | 0.04%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Island Park NY                                                        | ISLAND PARK NY                                               | CUSIP: 464480FW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $125021.02    | 0.01%             | 2033-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BEA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $423225.54    | 0.02%             | 2027-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDL DEV CHRT SCH REVENUE           | CUSIP: 71780CBX7<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1245403.88   | 0.07%             | 2034-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Illinois Sports Facilities Authority/The                                         | ILLINOIS ST SPORTS FACS AUTH                                 | CUSIP: 452143FJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035612.00   | 0.05%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH REVENUE                             | CUSIP: 04052ADC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1297986.64   | 0.07%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Waukegan IL                                                              | WAUKEGAN IL                                                  | CUSIP: 942860RQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $991980.70    | 0.05%             | 2030-12-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                              | VIRGINIA CLG BLDG AUTH EDUCTNL FACS REVENUE                  | CUSIP: 92778FKK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $347923.69    | 0.02%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster City Parking Authority                                                 | LANCASTER PA PKG AUTH                                        | CUSIP: 514372KB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $447210.54    | 0.02%             | 2031-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 626207X66<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    300000 | PA      | $309458.07    | 0.02%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lehigh County General Purpose Authority                                          | LEHIGH CNTY PA GEN PURPOSE AUTH CHRT SCH REVENUE             | CUSIP: 52480EAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1196087.37   | 0.06%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BQN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201817.60    | 0.01%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DFC1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1791406.63   | 0.09%             | 2053-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                  | CUSIP: 45528U6U0<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068101.30   | 0.06%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Orleans LA Sewerage Service Revenue                                  | NEW ORLEANS LA SEWAGE SVC REVENUE                            | CUSIP: 647719PF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $422489.64    | 0.02%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alaska Industrial Development & Export Authority                                 | ALASKA ST INDL DEV & EXPORT AUTH REVENUE                     | CUSIP: 011903FY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2220000 | PA      | $2385148.24   | 0.13%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State University                                                        | KENTUCKY ST UNIV COPS                                        | CUSIP: 491588AJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $314517.57    | 0.02%             | 2032-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp                                                  | ONONDAGA NY CIVIC DEV CORP                                   | CUSIP: 682832KL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $115016.91    | 0.01%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Center District                                                        | WISCONSIN CENTER DIST WI TAX REVENUE                         | CUSIP: 976595FZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $236961.48    | 0.01%             | 2028-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 57421CBV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $316400.19    | 0.02%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Highlands County Health Facilities Authority                                     | HIGHLANDS CNTY FL HLTH FACS AUTH                             | CUSIP: 431022TQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10415000 | PA      | $10415000.00  | 0.55%             | 2034-11-15      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| Stamford Housing Authority                                                       | STAMFORD CT HSG AUTH                                         | CUSIP: 852640AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3038909.70   | 0.16%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Northern Illinois University                                                     | NORTHERN IL UNIV REVENUES                                    | CUSIP: 665245YY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $695194.50    | 0.04%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                            | CHICAGO IL WTRWKS REVENUE                                    | CUSIP: 167736E29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2560000 | PA      | $2616164.10   | 0.14%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL Sales Tax Revenue                                              | COOK CNTY IL SALES TAX REVENUE                               | CUSIP: 213248CE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3575000 | PA      | $3962531.79   | 0.21%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | OREGON ST FACS AUTH REVENUE                                  | CUSIP: 68608JYB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 0.02%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Sumter County Utility Dependent District                                   | N SUMTER CNTY FL UTILITY DEPENDENT DIST UTILITY REVENUE      | CUSIP: 66272RDU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1980000 | PA      | $2199690.50   | 0.12%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                              | PORT OF PORTLAND OR ARPT REVENUE                             | CUSIP: 7352403T8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6707092.80   | 0.35%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                              | HARRIS CNTY TX                                               | CUSIP: 414005VF2<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1282528.00   | 0.07%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BQR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $225607.94    | 0.01%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Odessa Junior College District                                                   | ODESSA TX JNR CLG DIST REVENUE                               | CUSIP: 676040JT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $744447.85    | 0.04%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Center District                                                        | WISCONSIN CENTER DIST WI TAX REVENUE                         | CUSIP: 976595GB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $469358.73    | 0.02%             | 2030-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                                                   | WAYNE CNTY MI ARPT AUTH REVENUE                              | CUSIP: 944514TG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4011722.00   | 0.21%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BQL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $161680.40    | 0.01%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Island Park NY                                                        | ISLAND PARK NY                                               | CUSIP: 464480FZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $137265.60    | 0.01%             | 2036-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of St Ann MO                                                                | ST ANN MO TAX INCREMENT REVENUE                              | CUSIP: 787219AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75063.38     | 0.00%             | 2030-11-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YPF0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2649817.95   | 0.14%             | 2049-07-01      | Floating      | 3.49%                 | No            |                  2 | On Loan: No      |
| Wisconsin Center District                                                        | WISCONSIN CENTER DIST WI TAX REVENUE                         | CUSIP: 976595FJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1108147.50   | 0.06%             | 2031-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                 | CUSIP: 928104PA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3225000 | PA      | $3488070.02   | 0.18%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                               | ALLEGHENY CNTY PA ARPT AUTH ARPT REVENUE                     | CUSIP: 01728LEV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2454596.55   | 0.13%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Xenia Rural Water District                                                       | XENIA IA RURAL WTR DIST                                      | CUSIP: 98410ACY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1662772.18   | 0.09%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                               | CUSIP: 63607WAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2276331 | PA      | $2288570.19   | 0.12%             | 2034-01-20      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GA                                         | CUSIP: 62620HDZ2<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1244374.01   | 0.07%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Orleans LA Sewerage Service Revenue                                  | NEW ORLEANS LA SEWAGE SVC REVENUE                            | CUSIP: 647719PE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $623215.32    | 0.03%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AL96<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    440000 | PA      | $439845.65    | 0.02%             | 2026-11-01      | Floating      | 3.22%                 | No            |                  2 | On Loan: No      |
| Village of Island Park NY                                                        | ISLAND PARK NY                                               | CUSIP: 464480FT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104760.17    | 0.01%             | 2030-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Board of Water Light & Sinking Fund Commissioners of The City of Dalton/The      | DALTON GA UTILITIES REVENUE                                  | CUSIP: 235586CT9<br>LEI: 549300F2NIJXYBEBL710 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1199903.21   | 0.06%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Island Park NY                                                        | ISLAND PARK NY                                               | CUSIP: 464480GD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $164506.53    | 0.01%             | 2040-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| County of Boone KY                                                               | BOONE CNTY KY POLL CONTROL REVENUE                           | CUSIP: 098792AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2523279.00   | 0.13%             | 2027-08-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                     | CUSIP: 84136HBA0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1089837.50   | 0.06%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                   | CUSIP: 167486F87<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8134000.80   | 0.43%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Illinois University                                                     | STHRN ILLINOIS ST UNIV                                       | CUSIP: 8431464T5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $744529.98    | 0.04%             | 2028-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lancaster City Parking Authority                                                 | LANCASTER PA PKG AUTH                                        | CUSIP: 514372KC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $466290.87    | 0.02%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| King County Housing Authority                                                    | KING CNTY WA HSG AUTH WORKFORCE HSG PRESERVATION POOLED REV  | CUSIP: 49476YAM9<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1612372.60   | 0.08%             | 2036-10-01      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST COMMODITY SPLY REV | CUSIP: 84136GAK1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5347800.50   | 0.28%             | 2054-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                        | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                   | CUSIP: 158862CE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8166972.80   | 0.43%             | 2049-06-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116JD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1231175.75   | 0.06%             | 2041-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hempstead Town Local Development Corp                                            | HEMPSTEAD TOWN NY LOCAL DEV CORP EDU REVENUE                 | CUSIP: 424685AV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $422374.30    | 0.02%             | 2041-02-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| State of New York Mortgage Agency Homeowner Mortgage Revenue                     | NEW YORK ST MTGE AGY HOMEOWNER MTGE REVENUE                  | CUSIP: 64988YKT3<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |   2415000 | PA      | $2415000.00   | 0.13%             | 2025-10-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| York County Economic Development Authority                                       | YORK CNTY VA ECON DEV AUTH POLL CONTROL REVENUE              | CUSIP: 98659AAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4063116.00   | 0.21%             | 2033-05-01      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                              | VIRGINIA CLG BLDG AUTH EDUCTNL FACS REVENUE                  | CUSIP: 92778FKM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $322101.93    | 0.02%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH EDUCTNL FACS REVENUE    | CUSIP: 60636AUC5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1075935.94   | 0.06%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLSPRING GOVERNMENT MONEY MAR                                                   | ALLSPRING GOVERNMENT MONEY MAR                               | CUSIP: 000000000<br>LEI: 549300GFSYYLVYEWA041 | Long             | STIV             | RF                | US        |   7445979 | NS      | $7445979.06   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Onondaga Civic Development Corp                                                  | ONONDAGA NY CIVIC DEV CORP                                   | CUSIP: 682832KP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $245657.48    | 0.01%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                  | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE             | CUSIP: 70878CBN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3732477.00   | 0.20%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712JCU5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    895000 | PA      | $896606.70    | 0.05%             | 2029-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Orleans Aviation Board                                                       | NEW ORLEANS LA AVIATION BRD GULF OPPORTUNITY ZONE CFC REVENU | CUSIP: 64763XAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2086031.40   | 0.11%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                  | KENTUCKY ST ECON DEV FIN AUTH HLTH CARE REVENUE              | CUSIP: 49126TAR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $329539.12    | 0.02%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                                | TENNESSEE ST ENERGY ACQUISITION CORP GAS REVENUE             | CUSIP: 880443BT2<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |    925000 | PA      | $939746.54    | 0.05%             | 2026-09-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QTU7<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   4475000 | PA      | $4568356.11   | 0.24%             | 2035-10-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647MS7<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2209601.20   | 0.12%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YM63<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    340000 | PA      | $338043.98    | 0.02%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TSB0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1597131.15   | 0.08%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima/The                       | PIMA CNTY AZ INDL DEV AUTH EDU REVENUE                       | CUSIP: 72177MUH8<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   2585000 | PA      | $2586366.17   | 0.14%             | 2026-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | OREGON ST FACS AUTH REVENUE                                  | CUSIP: 68608JYD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $309923.22    | 0.02%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Student Loan Liquidity Corp                                                 | IOWA ST STUDENT LOAN LIQUIDITY CORP                          | CUSIP: 462590MM9<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1299086.89   | 0.07%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Collegiate Charter School of Lowell                                              | LOWELL MA COLLEGIATE CHRT SCH REVENUE                        | CUSIP: 547649AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $403122.76    | 0.02%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Monongalia WV                                                          | MONONGALIA CNTY WV COMMISSION TX INCR REVENUE                | CUSIP: 61022DAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $916402.34    | 0.05%             | 2043-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Brazosport Independent School District                                           | BRAZOSPORT TX INDEP SCH DIST                                 | CUSIP: 106241ZY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2355000 | PA      | $2402373.18   | 0.13%             | 2029-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                   | CUSIP: 167486R68<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   5230000 | PA      | $5388968.47   | 0.28%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452152T68<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    650000 | PA      | $667727.06    | 0.04%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alaska Railroad Corp                                                             | ALASKA ST RAILROAD CORP CRUISE PORT REVENUE                  | CUSIP: 01176AAH6<br>LEI: 549300SM5ZU2HV31E004 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1124555.00   | 0.06%             | 2035-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Finance Agency                                 | NORTH CAROLINA ST CAPITAL FACS FIN AGY EDUCTNL FACS REVENUE  | CUSIP: 65818PNY1<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |    550000 | PA      | $581742.87    | 0.03%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery OH                                                          | MONTGOMERY CNTY OH HOSP REVENUE                              | CUSIP: 613520MB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4196740.40   | 0.22%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL Sales Tax Revenue                                              | COOK CNTY IL SALES TAX REVENUE                               | CUSIP: 213248CF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2510300.48   | 0.13%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YD97<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152754.35    | 0.01%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDL DEV CHRT SCH REVENUE           | CUSIP: 71780CBU3<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    500000 | PA      | $496981.90    | 0.03%             | 2038-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DDP4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  28000000 | PA      | $28170640.40  | 1.48%             | 2052-08-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Cabot AR Sales & Use Tax Revenue                                         | CABOT AR SALES & USE TAX                                     | CUSIP: 127028EE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $239225.37    | 0.01%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern Illinois University                                                     | STHRN ILLINOIS ST UNIV                                       | CUSIP: 8431465N7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $721334.30    | 0.04%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136EP2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2545000 | PA      | $2460335.23   | 0.13%             | 2026-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                                            | S JERSEY NJ TRANSPRTN AUTH TRANSPRTN SYS REVENUE             | CUSIP: 838536MH0<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |    500000 | PA      | $545082.25    | 0.03%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE | CUSIP: 64542UHK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2009226.00   | 0.11%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BQM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $191912.35    | 0.01%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                     | CUSIP: 544532HW7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.26%             | 2047-07-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH REVENUE                                     | CUSIP: 46247SFS8<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2260000 | PA      | $2298181.80   | 0.12%             | 2039-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                    | MASSACHUSETTS ST EDUCTNL FING AUTH                           | CUSIP: 57563RRM3<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1477304.50   | 0.08%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505XW1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2589510.50   | 0.14%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster City Parking Authority                                                 | LANCASTER PA PKG AUTH                                        | CUSIP: 514372JZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $417216.37    | 0.02%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Lakeshore East Special Assessment Area                        | CHICAGO IL SPL ASSMNT                                        | CUSIP: 167686AL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $290797.47    | 0.02%             | 2029-12-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HOSP REVENUE                              | CUSIP: 74442CDF8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    700000 | PA      | $697977.07    | 0.04%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Industrial Development Agency                                      | NEW YORK CITY NY INDL DEV AGY REVENUE                        | CUSIP: 64971PKY0<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1908347.35   | 0.10%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Homewood Educational Building Authority                                          | HOMEWOOD AL EDUCTNL BLDG AUTH LEASE REVENUE                  | CUSIP: 43788VAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066590.80   | 0.06%             | 2036-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136XD8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $11603553.60  | 0.61%             | 2026-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH STUDENT HSG REVENUE              | CUSIP: 13049YEX5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    400000 | PA      | $405114.88    | 0.02%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Roanoke County Economic Development Authority                                    | ROANOKE CNTY VA ECON DEV AUTHRSDL CARE FAC REVENUE           | CUSIP: 76982TAG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $345775.89    | 0.02%             | 2058-09-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                   | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035JJG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.11%             | 2055-05-01      | Floating      | 2.99%                 | No            |                  2 | On Loan: No      |
| Vermont Economic Development Authority                                           | VERMONT ST ECON DEV AUTH SOLID WST DISP REVENUE              | CUSIP: 924157AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1493355.15   | 0.08%             | 2052-06-01      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| Winrock Town Center Tax Increment Development District No 1                      | WINROCK TOWN CENTER NM TAX INCR DEV DIST #1                  | CUSIP: 97535RAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    292000 | PA      | $291824.07    | 0.02%             | 2028-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FKK0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    625000 | PA      | $624402.63    | 0.03%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH EDUCTNL FACS REVENUE    | CUSIP: 60636AUA9<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    925000 | PA      | $946998.54    | 0.05%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                   | SOUTHCENTRL PA GEN AUTH REVENUE                              | CUSIP: 84129NNB1<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |    485000 | PA      | $530183.18    | 0.03%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | NORTH DAKOTA ST HSG FIN AGY                                  | CUSIP: 65889BAV6<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2400692.04   | 0.13%             | 2035-07-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| St Johns County Industrial Development Authority                                 | SAINT JOHNS CNTY FL INDL DEV AUTH SENIOR LIVING REVENUE      | CUSIP: 79041LAL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $199934.76    | 0.01%             | 2031-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442EKJ8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    325000 | PA      | $327531.10    | 0.02%             | 2027-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Redmond OR                                                               | REDMOND OR                                                   | CUSIP: 757657ZG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1569029.63   | 0.08%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 65000BJT6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    275000 | PA      | $278344.50    | 0.01%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                            | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145NU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $564472.81    | 0.03%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Waukegan IL                                                              | WAUKEGAN IL                                                  | CUSIP: 942860QC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001147.30   | 0.05%             | 2031-12-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Arlington VA                                                           | ARLINGTON CNTY VA                                            | CUSIP: 041431VD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2527664.00   | 0.13%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REVENUE     | CUSIP: 018444BU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $656112.66    | 0.03%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                          | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE   | CUSIP: 882667AR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065662.40   | 0.06%             | 2032-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DEC2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2610553.00   | 0.14%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allen County Port Authority                                                      | ALLEN CNTY OHIO PORT AUTH     ECONOMIC DEV REV               | CUSIP: 01757TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $704167.71    | 0.04%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DDV1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3061034.10   | 0.16%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cook County School District No 99 Cicero                                         | COOK CNTY IL SCH DIST #99 CICERO                             | CUSIP: 214381JU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2285000 | PA      | $2448173.68   | 0.13%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDLDEV REVENUES                    | CUSIP: 71781XBV4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    490000 | PA      | $492489.94    | 0.03%             | 2026-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| McKenzie County Public School District No 1                                      | MCKENZIE CNTY ND PUBLIC SCH DIST #1                          | CUSIP: 581535FN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1445266.44   | 0.08%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NEW HAMPSHIRE ST BUSINESS FINAUTH POLL CONTROL REVENUE       | CUSIP: 64468CBS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2091777.80   | 0.11%             | 2033-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Minnesota Health & Education Facilities Authority                                | MINNESOTA ST HGR EDU FACS AUTH REVENUE                       | CUSIP: 60416JAW0<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1065994.01   | 0.06%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Housing & Mortgage Finance Corp                                     | RHODE ISLAND ST HSG & MTGE FIN CORP                          | CUSIP: 762211RS1<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15037.41     | 0.00%             | 2027-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                             | CUSIP: 57582RFY7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4701768.00   | 0.25%             | 2044-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                          | CAPITAL TRUST AUTH FL EDUCTNL FACS REVENUE                   | CUSIP: 14054WAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3103116.60   | 0.16%             | 2033-06-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI DEV BK SPL OBLIG                                 | CUSIP: 60534XJK3<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    385000 | PA      | $390003.23    | 0.02%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                            | UTAH ST CHRT SCH FIN AUTH CHRT SCH REVENUE                   | CUSIP: 91754TG98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $395178.73    | 0.02%             | 2031-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| St Johns County Industrial Development Authority                                 | SAINT JOHNS CNTY FL INDL DEV AUTH SENIOR LIVING REVENUE      | CUSIP: 79041LAM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $918538.40    | 0.05%             | 2036-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                              | CALIFORNIA PUBLIC FIN AUTH SENIOR LIVING REVENUE             | CUSIP: 13057GAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1977422.40   | 0.10%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505TJ5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4459311.45   | 0.23%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                  | CUSIP: 594698SR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1998920.60   | 0.10%             | 2061-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XCW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4738336.50   | 0.25%             | 2042-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008ESA5<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    550000 | PA      | $481176.58    | 0.03%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine State Housing Authority                                                    | MAINE ST HSG AUTH MTGE PURCHASE                              | CUSIP: 56052FS97<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |    345000 | PA      | $343410.83    | 0.02%             | 2035-11-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE                  | CUSIP: 64578CCB5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2750000.00   | 0.14%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GUD4<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5893941.60   | 0.31%             | 2040-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DFF4<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   7800000 | PA      | $7986129.84   | 0.42%             | 2053-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041807PR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2460000 | PA      | $2598467.50   | 0.14%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 57421CBX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $375785.59    | 0.02%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH                                     | CUSIP: 6789083F9<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |    755000 | PA      | $792725.76    | 0.04%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                 | CUSIP: 928104PB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $3018328.04   | 0.16%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State University                                                        | KENTUCKY ST UNIV COPS                                        | CUSIP: 491588AG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $194162.87    | 0.01%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                               | CHICAGO IL WSTWTR TRANSMISSION REVENUE                       | CUSIP: 167727J64<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1578080.70   | 0.08%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No 816                         | LAS VEGAS NV SPL IMPT DIST #816                              | CUSIP: 51779AAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $242696.85    | 0.01%             | 2027-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp                                                                | UTAH HSG CORP SF MTGE REVENUE                                | CUSIP: 917437GU3<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   2585000 | PA      | $2856511.08   | 0.15%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL Sales Tax Revenue                                              | COOK CNTY IL SALES TAX REVENUE                               | CUSIP: 213248BR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049559.40   | 0.06%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL                                                                | COOK CNTY IL                                                 | CUSIP: 213185LU3<br>LEI: 5493004UMR7OX4YITE10 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2099338.40   | 0.11%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Will County Community High School District No 210 Lincoln-Way                    | WILL CNTY IL CMNTY HIGH SCH DIST #210 LINCOLN-WAY            | CUSIP: 969073LP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8695000 | PA      | $8619864.77   | 0.45%             | 2026-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No 816                         | LAS VEGAS NV SPL IMPT DIST #816                              | CUSIP: 51779AAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $442520.64    | 0.02%             | 2033-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority                                    | SIERRA VISTA AZ INDL DEV AUTH AUTH ED FAC REV                | CUSIP: 82652UBD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2037955.40   | 0.11%             | 2035-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Missouri Southern State University                                               | MISSOURI ST STHRN ST UNIV AUXILIARY ENTERPRISE REVENUE       | CUSIP: 60629QAV9<br>LEI: 5493006A7RZIOMVEPD54 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $986891.40    | 0.05%             | 2031-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                     | CUSIP: 40065NDC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1533813.87   | 0.08%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Redmond OR                                                               | REDMOND OR                                                   | CUSIP: 757657ZE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1166295.00   | 0.06%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Finance Agency                                 | NORTH CAROLINA ST CAPITAL FACS FIN AGY EDUCTNL FACS REVENUE  | CUSIP: 65818PNX3<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |    450000 | PA      | $470313.00    | 0.02%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH LTD OBLIG REVENUE                       | CUSIP: 594479CQ8<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    840000 | PA      | $840508.12    | 0.04%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hempstead Town Local Development Corp                                            | HEMPSTEAD TOWN NY LOCAL DEV CORP EDU REVENUE                 | CUSIP: 424685AY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7115000 | PA      | $7580597.77   | 0.40%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593Z96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $437360.12    | 0.02%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                 | CUSIP: 649519DM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3592817.20   | 0.19%             | 2030-11-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE | CUSIP: 64542UHA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2252625.32   | 0.12%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FYF6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    145000 | PA      | $148022.77    | 0.01%             | 2041-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 6262073D4<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1090636.94   | 0.06%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442EBV1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    530000 | PA      | $518959.73    | 0.03%             | 2029-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV  | CUSIP: 70868YAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2770000 | PA      | $3035773.19   | 0.16%             | 2032-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 57421CBP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $439382.86    | 0.02%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                    | SALES TAX SECURITIZATION CORP IL                             | CUSIP: 79467BAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4815000 | PA      | $4838741.80   | 0.25%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION HLTH CARE FACS REVENUE | CUSIP: 65821DYD7<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    290000 | PA      | $292434.23    | 0.02%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                           | MAINE HLTH & HGR EDUCTNL FACSAUTH REVENUE                    | CUSIP: 56042RU26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $592217.97    | 0.03%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PZZ1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    770000 | PA      | $757163.72    | 0.04%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Antonio B Won Pat International Airport Authority                                | GUAM INTERNATIONAL ARPT AUTH                                 | CUSIP: 40064REY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $741729.52    | 0.04%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No 816                         | LAS VEGAS NV SPL IMPT DIST #816                              | CUSIP: 51779AAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $272798.65    | 0.01%             | 2030-06-01      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                | CUSIP: 154871CC9<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029258.40   | 0.05%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No 816                         | LAS VEGAS NV SPL IMPT DIST #816                              | CUSIP: 51779AAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $205539.21    | 0.01%             | 2031-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                    | SALES TAX SECURITIZATION CORP IL                             | CUSIP: 79467BCT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5251682.50   | 0.28%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Sports Facilities Authority/The                                         | ILLINOIS ST SPORTS FACS AUTH                                 | CUSIP: 452143FE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5009626.00   | 0.26%             | 2032-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                   | CUSIP: 167486WY1<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    970000 | PA      | $975368.08    | 0.05%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QUA9<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   2575000 | PA      | $2730092.25   | 0.14%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | NORTH DAKOTA ST HSG FIN AGY                                  | CUSIP: 65889BAW4<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1206051.26   | 0.06%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maine State Housing Authority                                                    | MAINE ST HSG AUTH MTGE PURCHASE                              | CUSIP: 56052FT54<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |   4955000 | PA      | $4903145.43   | 0.26%             | 2045-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FPL3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    295000 | PA      | $294880.02    | 0.02%             | 2025-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116JB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1173259.54   | 0.06%             | 2039-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH WTR FACS REVENUE                 | CUSIP: 645780FL6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5063126.20   | 0.27%             | 2039-10-01      | Floating      | 2.20%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806Y61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $327341.01    | 0.02%             | 2031-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FW Chaparral PFC                                                                 | FW CHAPARRAL PFC TX RSDL DEV REVENUE                         | CUSIP: 302701AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2939599.20   | 0.15%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pinellas County Industrial Development Authority                                 | PINELLAS CNTY FL INDL DEV AUTH INDL DEV REVENUE              | CUSIP: 72316VAS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $494977.52    | 0.03%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Industrial Development Agency                                      | NEW YORK CITY NY INDL DEV AGY CIVIC FAC REVENUE              | CUSIP: 64971CUN2<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |    825000 | PA      | $790114.30    | 0.04%             | 2029-10-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| County of Lee FL Airport Revenue                                                 | LEE CNTY FL ARPT REVENUE                                     | CUSIP: 523470HS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6378109.80   | 0.33%             | 2041-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| King County Housing Authority                                                    | KING CNTY WA HSG AUTH WORKFORCE HSG PRESERVATION POOLED REV  | CUSIP: 49476YAJ6<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |    200000 | PA      | $208152.72    | 0.01%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Trimble KY                                                             | TRIMBLE CNTY KY POLL CONTROL REVENUE                         | CUSIP: 896224BC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3163010.50   | 0.17%             | 2026-09-01      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| Lake Superior State University                                                   | LAKE SUPERIOR MI ST UNIV                                     | CUSIP: 511002FZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $425198.32    | 0.02%             | 2030-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JWP9<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.21%             | 2055-05-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806L32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $84095.38     | 0.00%             | 2030-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                     | MASSACHUSETTS ST PORT AUTH                                   | CUSIP: 575896XZ3<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3260932.20   | 0.17%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New York Mortgage Agency Homeowner Mortgage Revenue                     | NEW YORK ST MTGE AGY HOMEOWNER MTGE REVENUE                  | CUSIP: 64988YKU0<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1255158.58   | 0.07%             | 2026-04-01      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| Peak Metropolitan District No 1                                                  | PEAK MET DIST #1 CO                                          | CUSIP: 704676AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $443542.15    | 0.02%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDL DEV CHRT SCH REVENUE           | CUSIP: 71780CBT6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1634156.34   | 0.09%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                                | COLORADO ST BLDG EXCELLENT SCHS TODAY COPS                   | CUSIP: 19668QLE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5756335.80   | 0.30%             | 2043-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                             | MILWAUKEE WI                                                 | CUSIP: 6023662F2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2235000 | PA      | $2487049.89   | 0.13%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Wichita KS                                                               | WICHITA KS HLTH CARE FACS REVENUE                            | CUSIP: 967249QN6<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1105547.97   | 0.06%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                              | PHILADELPHIA PA SCH DIST                                     | CUSIP: 717883VZ2<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2699203.75   | 0.14%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Western Regional Off-Track Betting Corp                                          | WESTERN REGL OFF-TRACK BETTING CORP REVENUE                  | CUSIP: 959321AA8<br>LEI: 549300OJK9LIIXQUYY95 | Long             | DBT              | MUN               | US        |    210000 | PA      | $207264.18    | 0.01%             | 2026-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Industrial Development Authority                                       | LANCASTER PA INDL DEV AUTH                                   | CUSIP: 51434NAQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $331728.30    | 0.02%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma County Finance Authority                                                | OK CNTY FIN AUTH CHRT SCH LSE REV                            | CUSIP: 67868WAA7<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |    750000 | PA      | $754150.28    | 0.04%             | 2034-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Maine State Housing Authority                                                    | MAINE ST HSG AUTH MTGE PURCHASE                              | CUSIP: 56052FM36<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |   5045000 | PA      | $5022347.95   | 0.26%             | 2044-11-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Senoia Development Authority                                                     | SENOIA GA DEV AUTH CHRT SCH REVENUE                          | CUSIP: 817245AH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $707702.51    | 0.04%             | 2034-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA REVENUE                                     | CUSIP: 25483VXT6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    740000 | PA      | $735912.91    | 0.04%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DCZ3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   7265000 | PA      | $7442398.22   | 0.39%             | 2052-05-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                      | OSCEOLA CNTY FL TRANSPRTN REVENUE                            | CUSIP: 688031DN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $981701.22    | 0.05%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QDC4<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    110000 | PA      | $110162.55    | 0.01%             | 2033-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of Cabot AR Sales & Use Tax Revenue                                         | CABOT AR SALES & USE TAX                                     | CUSIP: 127028EF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $130026.40    | 0.01%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                            | UTAH ST CHRT SCH FIN AUTH CHRT SCH REVENUE                   | CUSIP: 91754TPV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $288442.27    | 0.02%             | 2026-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Peoria City School District No 150                                               | PEORIA CNTY IL SCH DIST #150 PEORIA                          | CUSIP: 713040JS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4067852.80   | 0.21%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Sumter County Utility Dependent District                                   | N SUMTER CNTY FL UTILITY DEPENDENT DIST UTILITY REVENUE      | CUSIP: 66272RDV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2320012.45   | 0.12%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charleston County Airport District                                               | CHARLESTON CNTY SC ARPT DIST ARPT SYS REVENUE                | CUSIP: 160070EE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061508.80   | 0.06%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                               | ALLEGHENY CNTY PA ARPT AUTH ARPT REVENUE                     | CUSIP: 01728LEU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3238477.80   | 0.17%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                                             | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE            | CUSIP: 73360CAL8<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1234905.90   | 0.06%             | 2036-01-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                                       | MARYLAND ST STADIUM AUTH REVENUE                             | CUSIP: 574296EH8<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   2890000 | PA      | $3220029.91   | 0.17%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wyandotte County-Kansas City Unified Government                                  | WYANDOTTE CNTY KS KANSAS CITY UNIF GOVT SPL OBLG REVENUE     | CUSIP: 98267VCM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19260000 | PA      | $10658695.86  | 0.56%             | 2034-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Lakeshore East Special Assessment Area                        | CHICAGO IL SPL ASSMNT                                        | CUSIP: 167686AP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $262161.32    | 0.01%             | 2032-12-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                | CUSIP: 154871CB1<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3802767.38   | 0.20%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                      | LONG ISLAND NY PWR AUTH ELEC SYS REVENUE                     | CUSIP: 542691EX4<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3447498.95   | 0.18%             | 2051-09-01      | Floating      | 1.50%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806L40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $78485.82     | 0.00%             | 2031-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                    | BUCKS CNTY PA INDL DEV AUTH HOSP REVENUE                     | CUSIP: 11861MAE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $764066.93    | 0.04%             | 2031-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Bridgeport CT                                                            | BRIDGEPORT CT                                                | CUSIP: 108152HL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1484172.70   | 0.08%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Woodbury MN                                                              | WOODBURY MN CHRT SCH LEASE REVENUE                           | CUSIP: 979134AS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $572836.84    | 0.03%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WASHINGTON ST HLTH CARE FACS AUTH                            | CUSIP: 93978HKN4<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3001919.70   | 0.16%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE | CUSIP: 64542UGZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $657368.70    | 0.03%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                     | KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG                  | CUSIP: 48504NAQ2<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3147684.90   | 0.17%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cortland NY                                                              | CORTLAND NY                                                  | CUSIP: 220633VK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4962000 | PA      | $4974800.97   | 0.26%             | 2026-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                              | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY  | CUSIP: 92778VEK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2633974.35   | 0.14%             | 2036-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                            | CHICAGO IL WTRWKS REVENUE                                    | CUSIP: 167736P27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2620000 | PA      | $2727380.70   | 0.14%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 6262072D5<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039048.80   | 0.05%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Water Light & Sinking Fund Commissioners of The City of Dalton/The      | DALTON GA UTILITIES REVENUE                                  | CUSIP: 235586CU6<br>LEI: 549300F2NIJXYBEBL710 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088179.20   | 0.06%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XCF1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1104519.10   | 0.06%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Trimble KY                                                             | TRIMBLE CNTY KY POLL CONTROL REVENUE                         | CUSIP: 896224BA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6250000 | PA      | $5841260.63   | 0.31%             | 2044-09-01      | Floating      | 1.30%                 | No            |                  2 | On Loan: No      |
| Odessa Junior College District                                                   | ODESSA TX JNR CLG DIST REVENUE                               | CUSIP: 676040JR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $233739.99    | 0.01%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Rural Water Finance Authority Inc                                      | MINNESOTA ST RURAL WTR FIN AUTH                              | CUSIP: 60411PBE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002553.40   | 0.11%             | 2026-08-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA ST STWD CMNTYS DEV AUTH REVENUE                   | CUSIP: 130795DJ3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   4050000 | PA      | $4050000.00   | 0.21%             | 2040-07-01      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CONFERENCE CENTER & HOTEL REVENUE         | CUSIP: 74445QDT4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $930995.80    | 0.05%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                 | CUSIP: 677525WR4<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1993714.40   | 0.10%             | 2026-02-01      | Floating      | 1.50%                 | No            |                  2 | On Loan: No      |
| City of Akron OH Income Tax Revenue                                              | AKRON OH INCOME TAX REVENUE                                  | CUSIP: 010056MQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4515000 | PA      | $4736603.42   | 0.25%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Babylon L D Corp II                                                              | BABYLON L D CORP II N Y ED REV                               | CUSIP: 05618TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2265000 | PA      | $2372784.10   | 0.12%             | 2033-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | STHRN CA PUBLIC PWR AUTH REVENUE                             | CUSIP: 84247PND9<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   6240000 | PA      | $6712808.54   | 0.35%             | 2055-04-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505XJ0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   5300000 | PA      | $5403167.15   | 0.28%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                          | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE   | CUSIP: 882667AS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3181542.30   | 0.17%             | 2033-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Higher Educational Facilities Financing Authority                        | FLORIDA ST HGR EDUCTNL FACS FINANCIAL AUTH REVENUE           | CUSIP: 34073TMS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $672010.43    | 0.04%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Illinois University                                                     | STHRN ILLINOIS ST UNIV                                       | CUSIP: 8431465P2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $867675.28    | 0.05%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Round Rock TX                                                            | ROUND ROCK TX                                                | CUSIP: 779223JA5<br>LEI: 549300VJM2Z2IGVYF523 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1807102.13   | 0.09%             | 2043-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REVENUE     | CUSIP: 018444BR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $529589.00    | 0.03%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                                             | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE            | CUSIP: 73360CAK0<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |    800000 | PA      | $739003.12    | 0.04%             | 2031-01-01      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Maine State Housing Authority                                                    | MAINE ST HSG AUTH MTGE PURCHASE                              | CUSIP: 56052FT21<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1297151.73   | 0.07%             | 2036-11-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 6262073Y8<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1479484.01   | 0.08%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                    | BUCKS CNTY PA INDL DEV AUTH HOSP REVENUE                     | CUSIP: 11861MAF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1411387.10   | 0.07%             | 2032-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of El Paso TX Airport Revenue                                               | EL PASO TX ARPT REVENUE                                      | CUSIP: 283736CL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $942909.18    | 0.05%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Plymouth MN                                                              | PLYMOUTH MN MF HSG DEV REVENUE                               | CUSIP: 729785DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $145000.00    | 0.01%             | 2031-09-15      | Floating      | 2.97%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                    | MASSACHUSETTS ST EDUCTNL FING AUTH                           | CUSIP: 57563RUA5<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   2230000 | PA      | $2396704.10   | 0.13%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH                                     | CUSIP: 6789083D4<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1405533.42   | 0.07%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REVENUE     | CUSIP: 018444BS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $537150.00    | 0.03%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                           | VIRGINIA ST HSG DEV AUTH                                     | CUSIP: 92812WWQ3<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1362051.55   | 0.07%             | 2040-09-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Board of Water Light & Sinking Fund Commissioners of The City of Dalton/The      | DALTON GA UTILITIES REVENUE                                  | CUSIP: 235586CS1<br>LEI: 549300F2NIJXYBEBL710 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071705.10   | 0.06%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GA                                         | CUSIP: 62620HDX7<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    350000 | PA      | $386894.06    | 0.02%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041807AV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $497631.75    | 0.03%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                    | BUCKS CNTY PA INDL DEV AUTH HOSP REVENUE                     | CUSIP: 11861MAU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1352688.80   | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                               | CHICAGO IL WSTWTR TRANSMISSION REVENUE                       | CUSIP: 167727ZK5<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   3140000 | PA      | $3220071.88   | 0.17%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B6K5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2047466.40   | 0.11%             | 2026-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   7800000 | PA      | $8330839.14   | 0.44%             | 2053-02-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FKM6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    680000 | PA      | $668981.21    | 0.04%             | 2032-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pueblo Urban Renewal Authority                                                   | PUEBLO CO URBAN RENEWAL AUTH TAX INCR REVENUE                | CUSIP: 744826AX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $198295.78    | 0.01%             | 2025-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Charlotte County Industrial Development Authority/FL                             | CHARLOTTE CNTY FL INDL DEV AUTH UTILITY SYS REVENUE          | CUSIP: 16080TAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $306409.53    | 0.02%             | 2035-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH LTD OBLIG REVENUE                       | CUSIP: 594479CU9<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400256.48    | 0.02%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                                  | CHESTER CNTY PA INDL DEV AUTH                                | CUSIP: 165588FK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2280000 | PA      | $2303720.44   | 0.12%             | 2032-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Providence Public Building Authority                                             | PROVIDENCE RI PUBLIC BLDGS AUTH REVENUE                      | CUSIP: 74381MDL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063346.80   | 0.06%             | 2043-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH SOL WST DISP REVENUE                        | CUSIP: 46245EAX5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2075000.00   | 0.11%             | 2035-11-01      | Floating      | 2.98%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                                           | LANCASTER CNTY PA HOSP AUTH                                  | CUSIP: 514045M75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5520071.15   | 0.29%             | 2046-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                    | BUCKS CNTY PA INDL DEV AUTH HOSP REVENUE                     | CUSIP: 11861MAZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1210210.18   | 0.06%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Health & Education Facilities Authority                                | MINNESOTA ST HGR EDU FACS AUTH REVENUE                       | CUSIP: 60416JAY6<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    660000 | PA      | $687711.42    | 0.04%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                     | CUSIP: 40065NCP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $814209.08    | 0.04%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH SENIOR LIVING FACS REVENUE    | CUSIP: 56682PBS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $917178.08    | 0.05%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Sports Facilities Authority/The                                         | ILLINOIS ST SPORTS FACS AUTH                                 | CUSIP: 452143FS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2143073.40   | 0.11%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116JE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1888297.82   | 0.10%             | 2042-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Northern Illinois University                                                     | NTHRN IL UNIV COPS                                           | CUSIP: 665238CX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $710532.39    | 0.04%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182LD6<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5480292.00   | 0.29%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH ENVRNMNTL FACS REVENUE                   | CUSIP: 455059AH8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2957518.20   | 0.16%             | 2038-12-01      | Floating      | 0.75%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YSE7<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1552327.88   | 0.08%             | 2026-09-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE              | CUSIP: 74440DCM4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |  14960000 | PA      | $15297829.71  | 0.80%             | 2050-02-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                          | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024YF3<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.11%             | 2055-04-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506EAA1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    187000 | PA      | $185669.33    | 0.01%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Warren MS                                                              | WARREN CNTY MS GULF OPPORTUNITY ZONE                         | CUSIP: 935031AH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3585250.20   | 0.19%             | 2034-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI DEV BK SPL OBLIG                                 | CUSIP: 60534XJM9<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    620000 | PA      | $625613.29    | 0.03%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Utah UT                                                                | UTAH CNTY UT HOSP REVENUE                                    | CUSIP: 917393DA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1535586.77   | 0.08%             | 2043-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Energy Research & Development Authority                           | NEW YORK ST ENERGY RESEARCH & DEV AUTH POLL CONTROL REVENUE  | CUSIP: 649845HY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4087249.60   | 0.21%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Newark Board of Education                                                        | NEWARK NJ BRD OF EDU                                         | CUSIP: 650370DN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $576876.82    | 0.03%             | 2033-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Laurel Highlands School District                                                 | LAUREL HIGHLANDS PA SCH DIST                                 | CUSIP: 518705NG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1181958.50   | 0.06%             | 2029-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Sports Facilities Authority/The                                         | ILLINOIS ST SPORTS FACS AUTH                                 | CUSIP: 452143FM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1578110.25   | 0.08%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE                 | CUSIP: 64972E4L0<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5022386.50   | 0.26%             | 2063-05-01      | Floating      | 3.73%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                                 | TENNERGY CORP TN GAS REVENUE                                 | CUSIP: 880397BW3<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1219269.60   | 0.06%             | 2051-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Woodbury MN                                                              | WOODBURY MN CHRT SCH LEASE REVENUE                           | CUSIP: 979134AT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $699710.06    | 0.04%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alaska Industrial Development & Export Authority                                 | ALASKA ST INDL DEV & EXPORT AUTH REVENUE                     | CUSIP: 011903FX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1617469.95   | 0.08%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                                  | CHESTER CNTY PA INDL DEV AUTH                                | CUSIP: 165588FP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2124605.28   | 0.11%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 6262073U6<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1186255.94   | 0.06%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Municipal Gas Agency                                                   | MINNESOTA MUNI GAS AGY COMMODITY SPLY REVENUE                | CUSIP: 60406UAN7<br>LEI: 549300SISI6N1C6S3136 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9998450.00   | 0.52%             | 2052-12-01      | Floating      | 3.79%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461366B2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004485.10   | 0.05%             | 2025-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 626207X82<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    400000 | PA      | $423538.48    | 0.02%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hempstead Town Local Development Corp                                            | HEMPSTEAD TOWN NY LOCAL DEV CORP EDU REVENUE                 | CUSIP: 424685AQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $80094.42     | 0.00%             | 2027-02-01      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| South Jersey Port Corp                                                           | SOUTH JERSEY NJ PORT CORP                                    | CUSIP: 838530QW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521285.10    | 0.03%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Snohomish County Housing Authority                                               | SNOHOMISH CNTY WA HSG AUTH                                   | CUSIP: 83309AFL0<br>LEI: 549300FESB68D2IR7250 | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1802305.57   | 0.09%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593Z70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $578730.74    | 0.03%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE                    | CUSIP: 14054CBT5<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1423450.14   | 0.07%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village of Island Park NY                                                        | ISLAND PARK NY                                               | CUSIP: 464480GC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $155753.30    | 0.01%             | 2039-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| County of Cook IL                                                                | COOK CNTY IL                                                 | CUSIP: 213185KL4<br>LEI: 5493004UMR7OX4YITE10 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2245043.90   | 0.12%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH REVENUE                         | CUSIP: 54811GS35<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3293485.50   | 0.17%             | 2045-05-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of St John the Baptist LA                                                 | SAINT JOHN THE BAPTIST PARISH LA REVENUE                     | CUSIP: 79020FAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3278223.33   | 0.17%             | 2037-06-01      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                           | TEMPE AZ INDL DEV AUTH REVENUE                               | CUSIP: 87972MBL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350994.04    | 0.02%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 65000BJS8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    200000 | PA      | $210201.96    | 0.01%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442ELD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    485000 | PA      | $503396.92    | 0.03%             | 2033-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                   | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204B85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9260000 | PA      | $9268123.80   | 0.49%             | 2027-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                     | MASSACHUSETTS ST PORT AUTH                                   | CUSIP: 575896SQ9<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   6670000 | PA      | $6691625.47   | 0.35%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5590000 | PA      | $5729544.85   | 0.30%             | 2052-02-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16003683.00  | 0.84%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Wise TX                                                                | WISE CNTY TX LEASE REVENUE                                   | CUSIP: 977195BE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $1028414.74   | 0.05%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XCG9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    500000 | PA      | $556340.60    | 0.03%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Illinois Municipal Power Agency                                         | NTHRN IL MUNI PWR AGY PWR PROJ REVENUE                       | CUSIP: 665250CR5<br>LEI: VWCV6ROJUT9NS55JU583 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3021653.40   | 0.16%             | 2032-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alaska Railroad Corp                                                             | ALASKA ST RAILROAD CORP CRUISE PORT REVENUE                  | CUSIP: 01176AAJ2<br>LEI: 549300SM5ZU2HV31E004 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1391132.25   | 0.07%             | 2036-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tohopekaliga Water Authority                                                     | TOHOPEKALIGA FL WTR AUTH UTILITY SYS REVENUE                 | CUSIP: 88906RFC9<br>LEI: 549300IZ325ZGEHGR946 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12000000.00  | 0.63%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION HLTH CARE FACS REVENUE | CUSIP: 65821DYU9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    900000 | PA      | $870403.50    | 0.05%             | 2036-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| King County Public Hospital District No 4                                        | KING CNTY WA PUBLIC HOSP DIST #4 HOSP REVENUE                | CUSIP: 494796AF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2712629.15   | 0.14%             | 2035-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mizuho Floater/Residual Trust                                                    | MIZUHO FLOATER/RESIDUAL TRUST VARIOUS STATES                 | CUSIP: 60700HC72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8000000.00   | 0.42%             | 2027-08-10      | Floating      | 3.12%                 | No            |                  2 | On Loan: No      |
| Madison-Macoupin Etc Counties Community College District No 536/IL               | MADISON MACOUPIN ETC CNTYS ILCMNTY CLG DIST #536             | CUSIP: 557738MY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1412162.94   | 0.07%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH MIDWESTERN DISASTER RELIEF REVENUE          | CUSIP: 45470CAG4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   7630000 | PA      | $7814475.09   | 0.41%             | 2030-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FPP4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    670000 | PA      | $659508.27    | 0.03%             | 2028-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP HOSP REVENUE      | CUSIP: 87638QBF5<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4700000.00   | 0.25%             | 2041-10-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| McKenzie County Public School District No 1                                      | MCKENZIE CNTY ND PUBLIC SCH DIST #1                          | CUSIP: 581535FJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1134018.00   | 0.06%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bridgeport CT                                                            | BRIDGEPORT CT                                                | CUSIP: 108152HK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1239382.87   | 0.07%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 6262073V4<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1338269.49   | 0.07%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PSN6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    275000 | PA      | $298329.16    | 0.02%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647MY4<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1426905.92   | 0.07%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | COLORADO EDUCTNL & CULTURAL AUTH REVENUE                     | CUSIP: 19645UHJ6<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    305000 | PA      | $295228.50    | 0.02%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | NORTH DAKOTA ST HSG FIN AGY                                  | CUSIP: 65889BAX2<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1252649.11   | 0.07%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SOL WST DISP REVENUE                 | CUSIP: 34061XAE2<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5198758.00   | 0.27%             | 2029-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Muskogee Industrial Trust                                                        | MUSKOGEE OK INDL TRUST EDUCTNL FACS LEASE REVENUE            | CUSIP: 62813NAY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2530200.25   | 0.13%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                                             | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE            | CUSIP: 73360CAJ3<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |    800000 | PA      | $748201.84    | 0.04%             | 2030-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Florida Higher Educational Facilities Financing Authority                        | FLORIDA ST HGR EDUCTNL FACS FINANCIAL AUTH REVENUE           | CUSIP: 34073TMU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062710.10   | 0.06%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806Y46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $309361.83    | 0.02%             | 2029-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UMN5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5556993.60   | 0.29%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma County Finance Authority                                                | OKLAHOMA CNTY OK FIN AUTH EDUCTNL FACS LEASE REVENUE         | CUSIP: 67868UKK8<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3908637.75   | 0.21%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3297867.60   | 0.17%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Newark Board of Education                                                        | NEWARK NJ BRD OF EDU                                         | CUSIP: 650370DL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $448908.92    | 0.02%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Laurel Highlands School District                                                 | LAUREL HIGHLANDS PA SCH DIST                                 | CUSIP: 518705NH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $676536.64    | 0.04%             | 2030-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                         | STERLING RANCH CMNTY AUTH BRD CO SUPPORTED REVENUE           | CUSIP: 85950NAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    416000 | PA      | $406000.15    | 0.02%             | 2030-12-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505XK7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1521173.55   | 0.08%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PSQ9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    550000 | PA      | $585018.61    | 0.03%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS SPLY REVENUE                | CUSIP: 154872AY1<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16217001.00  | 0.85%             | 2055-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                          | PHILADELPHIA PA                                              | CUSIP: 717813LJ6<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4500000.00   | 0.24%             | 2031-08-01      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| City of El Paso TX Airport Revenue                                               | EL PASO TX ARPT REVENUE                                      | CUSIP: 283736CN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $1078821.20   | 0.06%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TSA2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    865000 | PA      | $926566.63    | 0.05%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Muskogee Industrial Trust                                                        | MUSKOGEE OK INDL TRUST EDUCTNL FACS LEASE REVENUE            | CUSIP: 62813NAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1837811.92   | 0.10%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Colorado Springs CO Utilities System Revenue                             | COLORADO SPRINGS CO UTILITIES REVENUE                        | CUSIP: 196632BH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1330000.00   | 0.07%             | 2036-11-01      | Floating      | 3.12%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE                    | CUSIP: 14054CAE9<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    380000 | PA      | $379757.29    | 0.02%             | 2027-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| State of New York Mortgage Agency Homeowner Mortgage Revenue                     | NEW YORK ST MTGE AGY HOMEOWNER MTGE REVENUE                  | CUSIP: 64988YKV8<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1298123.83   | 0.07%             | 2026-10-01      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                 | CUSIP: 928104NF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1791424.60   | 0.09%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE                  | CUSIP: 64578CCC3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2130000 | PA      | $2155048.59   | 0.11%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State Public School Building Authority                                           | STATE PUBLIC SCH BLDG AUTH PA LEASE REVENUE                  | CUSIP: 85732GUH1<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2546647.00   | 0.13%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City Of South Miami Health Facilities Authority Inc                              | S MIAMI FL HLTH FACS AUTH                                    | CUSIP: 838810EM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2197926.20   | 0.12%             | 2065-08-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Garland TX Water & Sewer System Revenue                                  | GARLAND TX WTR & SWR REVENUE                                 | CUSIP: 366168SH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1137287.63   | 0.06%             | 2042-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116EY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $416134.24    | 0.02%             | 2026-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REVENUE     | CUSIP: 018444BT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $598678.03    | 0.03%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster City Parking Authority                                                 | LANCASTER PA PKG AUTH                                        | CUSIP: 514372KA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $432549.49    | 0.02%             | 2030-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village of Island Park NY                                                        | ISLAND PARK NY                                               | CUSIP: 464480FU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $110110.29    | 0.01%             | 2031-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Hempstead Town Local Development Corp                                            | HEMPSTEAD TOWN NY LOCAL DEV CORP EDU REVENUE                 | CUSIP: 424685AJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1481859.21   | 0.08%             | 2033-02-01      | Fixed         | 6.47%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDU REVENUE                          | CUSIP: 34061VAA4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2209450.32   | 0.12%             | 2029-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority/The                                         | PASSAIC CNTY NJ IMPT AUTH CHRT SCH REVENUE                   | CUSIP: 70275QAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $526317.38    | 0.03%             | 2033-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                    | MASSACHUSETTS ST EDUCTNL FING AUTH                           | CUSIP: 57563RRK7<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1543395.00   | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hempstead Town Local Development Corp                                            | HEMPSTEAD TOWN NY LOCAL DEV CORP EDU REVENUE                 | CUSIP: 424685AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2243031.25   | 0.12%             | 2031-02-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                            | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145NR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $337239.47    | 0.02%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Industrial Development Authority                             | HILLSBOROUGH CNTY FLA INDL DEVAUTH HEALTH SYS REVENUE        | CUSIP: 43233KAC8<br>LEI: ZBUT11V806EZRVTWT807 | Long             | DBT              | MUN               | US        |    900000 | PA      | $900000.00    | 0.05%             | 2038-11-01      | Floating      | 2.80%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712JHF3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3040363.20   | 0.16%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SOL WST DISP REVENUE                 | CUSIP: 34061XAD4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1368780.75   | 0.07%             | 2032-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Bartow County Development Authority                                              | BARTOW CNTY GA DEV AUTH                                      | CUSIP: 069643BL7<br>LEI: 5493006KLI0V8YELKW50 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $908558.30    | 0.05%             | 2029-09-01      | Floating      | 1.80%                 | No            |                  2 | On Loan: No      |
| St Johns County Industrial Development Authority                                 | SAINT JOHNS CNTY FL INDL DEV AUTH SENIOR LIVING REVENUE      | CUSIP: 79041LAK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $196524.22    | 0.01%             | 2030-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH LTD OBLIG REVENUE                       | CUSIP: 594479CT2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    590000 | PA      | $590411.35    | 0.03%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brazoria County Industrial Development Corp                                      | BRAZORIA CNTY TX INDL DEV CORP SOLID WST DISP FACS REVENUE   | CUSIP: 10604PAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4686843 | PA      | $1077973.91   | 0.06%             | 2043-06-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YM89<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    370000 | PA      | $363392.32    | 0.02%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hempstead Town Local Development Corp                                            | HEMPSTEAD TOWN NY LOCAL DEV CORP EDU REVENUE                 | CUSIP: 424685AM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $785926.54    | 0.04%             | 2027-02-01      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Maine State Housing Authority                                                    | MAINE ST HSG AUTH MTGE PURCHASE                              | CUSIP: 56052FS89<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |    890000 | PA      | $892409.41    | 0.05%             | 2034-11-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YE70<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    400000 | PA      | $444686.60    | 0.02%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                           | VIRGINIA ST HSG DEV AUTH                                     | CUSIP: 92812WWN0<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    955000 | PA      | $942172.34    | 0.05%             | 2037-03-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971WGW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2100000.00   | 0.11%             | 2043-08-01      | Floating      | 3.61%                 | No            |                  2 | On Loan: No      |
| Kentucky State University                                                        | KENTUCKY ST UNIV COPS                                        | CUSIP: 491588AK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $136046.83    | 0.01%             | 2033-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                              | CALIFORNIA PUBLIC FIN AUTH REVENUE                           | CUSIP: 13057EDU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $406437.20    | 0.02%             | 2027-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                   | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035MSZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3750000.00   | 0.20%             | 2063-11-15      | Floating      | 2.94%                 | No            |                  2 | On Loan: No      |
| Newark Board of Education                                                        | NEWARK NJ BRD OF EDU                                         | CUSIP: 650370DJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $369405.17    | 0.02%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505WW2<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1664217.91   | 0.09%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County Housing Authority                                                    | KING CNTY WA HSG AUTH WORKFORCE HSG PRESERVATION POOLED REV  | CUSIP: 49476YAK3<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |    290000 | PA      | $297323.49    | 0.02%             | 2031-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204E5W4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    420000 | PA      | $281400.00    | 0.01%             | 2024-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Center District                                                        | WISCONSIN CENTER DIST WI TAX REVENUE                         | CUSIP: 976595FG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $927289.13    | 0.05%             | 2029-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Redmond OR                                                               | REDMOND OR                                                   | CUSIP: 757657ZC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $1040534.81   | 0.05%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Snohomish County Housing Authority                                               | SNOHOMISH CNTY WA HSG AUTH                                   | CUSIP: 83309AFK2<br>LEI: 549300FESB68D2IR7250 | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1685726.51   | 0.09%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority                                    | SIERRA VISTA AZ INDL DEV AUTH AUTH ED FAC REV                | CUSIP: 82652UAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1293087.75   | 0.07%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                           | TEMPE AZ INDL DEV AUTH REVENUE                               | CUSIP: 87972MBK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $245181.06    | 0.01%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH EDUCTNL FACS REVENUE    | CUSIP: 60636APC1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    500000 | PA      | $495870.05    | 0.03%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Snohomish County Housing Authority                                               | SNOHOMISH CNTY WA HSG AUTH                                   | CUSIP: 83309AFJ5<br>LEI: 549300FESB68D2IR7250 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1162598.69   | 0.06%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH WTR FACS REVENUE                 | CUSIP: 645780FR3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2075000 | PA      | $1944645.60   | 0.10%             | 2029-11-01      | Floating      | 1.10%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                   | SOUTHCENTRL PA GEN AUTH REVENUE                              | CUSIP: 84129NNA3<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |    395000 | PA      | $427013.88    | 0.02%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-28

**Name of Applicant:** ALLSPRING FUNDS TRUST

**Signature:** Jeremy DePalma

**Name of Signer:** Jeremy DePalma

**Title:** Treasurer