# EDGAR Filing Document

**Accession Number:** 0000816153
**File Stem:** 0001410368-26-015730
**Filing Date:** 2026-2
**Character Count:** 469323
**Document Hash:** a1b5658848eacdad403384fa348bccbc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-015730.hdr.sgml**: 20260220

**ACCESSION NUMBER**: 0001410368-26-015730

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260220

**DATE AS OF CHANGE**: 20260220

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** THORNBURG INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000816153

**ORGANIZATION NAME:**
- **EIN:** 061158764
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05201
- **FILM NUMBER:** 26659406

**BUSINESS ADDRESS:**
- **STREET 1:** 2300 NORTH RIDGETOP ROAD
- **CITY:** SANTA FE
- **STATE:** NM
- **ZIP:** 87506-8361
- **BUSINESS PHONE:** 5059840200

**MAIL ADDRESS:**
- **STREET 1:** 2300 NORTH RIDGETOP ROAD
- **CITY:** SANTA FE
- **STATE:** NM
- **ZIP:** 87506-8361

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** THORNBURG INCOME TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LIMITED TERM TRUST
- **DATE OF NAME CHANGE:** 19870816

## Series and Classes Contracts Data

### Thornburg Limited Term Municipal Fund (Series ID: S000000540)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000001427 | Thornburg Limited Term Municipal Fund - Class A  | LTMFX           |
| C000001438 | Thornburg Limited Term Municipal Fund - Class C  | LTMCX           |
| C000001449 | Thornburg Limited Term Municipal Fund - Class I  | LTMIX           |
| C000222321 | Thornburg Limited Term Municipal Fund - Class C2 | LTMQX           |

## Nport-Ex

SCHEDULE OF INVESTMENTS

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
|  | **LONG-TERM MUNICIPAL BONDS — 95.6%** |  |  |
|  | &nbsp;&nbsp;**Alabama — 3.9%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Alabama State University (AG), 5.00% due 9/1/2035 | &nbsp;&nbsp;$600000 | &nbsp;&nbsp;$679089 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Black Belt Energy Gas District (Guaranty: Canadian Imperial Bank), Series E, 5.00% due 5/1/2053 (put 6/1/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 1750000 | &nbsp;&nbsp;&nbsp;&nbsp; 1819967 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Black Belt Energy Gas District (Guaranty: Goldman Sachs Group, Inc.), Series F, 5.50% due 11/1/2053 (put 12/1/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 4825000 | &nbsp;&nbsp;&nbsp;&nbsp; 5060151 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Black Belt Energy Gas District (Guaranty: Morgan Stanley Group), Series C-1, 5.25% due 2/1/2053 (put 6/1/2029) | &nbsp;&nbsp;&nbsp;&nbsp;13240000 | &nbsp;&nbsp;&nbsp;&nbsp; 13967048 |
|  | &nbsp;&nbsp;&nbsp;Black Belt Energy Gas District (Guaranty: Royal Bank of Canada), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 12/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 1750000 | &nbsp;&nbsp;&nbsp;&nbsp; 1860519 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.25% due 12/1/2053 (put 12/1/2030) | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4298408 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series D1, 4.00% due 7/1/2052 (put 6/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp;12000000 | &nbsp;&nbsp;&nbsp;&nbsp; 12121200 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Chatom (PowerSouth Energy Cooperative; SPA National Rural Utilities Cooperative Finance) IDB, Series A, 3.375% due 8/1/2037 (put 2/2/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3999888 |
|  | &nbsp;&nbsp;&nbsp;City of Gadsden (BAM) GO, Series A, 5.00% due 10/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 275000 | &nbsp;&nbsp;&nbsp;&nbsp; 317426 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;City of Mobile Alabama (Alabama Power Co.) IDB, Series C, 3.78% due 6/1/2034 (put 6/16/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2005650 |
|  | &nbsp;&nbsp;&nbsp;County of Jefferson, 5.00% due 9/15/2032 - 9/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 7375000 | &nbsp;&nbsp;&nbsp;&nbsp; 7534009 |
|  | &nbsp;&nbsp;&nbsp;Energy Southeast A Cooperative District (Guaranty: Goldman Sachs Group, Inc.), Series A, 5.00% due 11/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp; 5301780 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Energy Southeast A Cooperative District (Guaranty: Morgan Stanley Group), Series B-1, 5.75% due 4/1/2054 (put 11/1/2031) | &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp; 7726418 |
|  | &nbsp;&nbsp;&nbsp;Homewood Educational Building Authority (CHF - Horizons I LLC), Series A, 5.25% due 10/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 260000 | &nbsp;&nbsp;&nbsp;&nbsp; 279175 |
|  | &nbsp;&nbsp;&nbsp;Jacksonville Public Educational Building Authority (Jacksonville State University) (BAM), Series A, 5.00% due 8/1/2033 - 8/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 3150000 | &nbsp;&nbsp;&nbsp;&nbsp; 3582593 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Southeast Energy Authority A Cooperative District (Guaranty: Goldman Sachs Group, Inc.), Series B-1, 5.00% due 5/1/2053 (put 8/1/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp; 5191015 |
|  | &nbsp;&nbsp;&nbsp;Southeast Energy Authority A Cooperative District (Guaranty: Morgan Stanley Group), |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, 5.50% due 1/1/2053 (put 12/1/2029) | &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp; 3729670 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series H, 5.00% due 11/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2142448 |
|  | &nbsp;&nbsp;&nbsp;UAB Medicine Finance Authority (UAB Medicine Obligated Group), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 9/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1063977 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B2, 5.00% due 9/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 560000 | &nbsp;&nbsp;&nbsp;&nbsp; 571785 |
|  | &nbsp;&nbsp;**Arizona — 1.8%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Arizona (Ironwood Ranch Apartments LP) IDA, 5.00% due 2/1/2058 (put 9/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 3200000 | &nbsp;&nbsp;&nbsp;&nbsp; 3244314 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Arizona (TWG Glendale LP) IDA, 5.00% due 3/1/2045 (put 9/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 1215000 | &nbsp;&nbsp;&nbsp;&nbsp; 1223443 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Arizona HFA, Series B, 3.57% (MUNIPSA + 0.25%) due 1/1/2046 (put 11/4/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 3235000 | &nbsp;&nbsp;&nbsp;&nbsp; 3205587 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Chandler (Intel Corp.) IDA, 3.80% due 12/1/2035 (put 6/15/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 7500000 | &nbsp;&nbsp;&nbsp;&nbsp; 7600230 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Chandler (Intel Corp.) IDA AMT, 4.00% due 6/1/2049 (put 6/1/2029) | &nbsp;&nbsp;&nbsp;&nbsp; 4840000 | &nbsp;&nbsp;&nbsp;&nbsp; 4902615 |
|  | &nbsp;&nbsp;&nbsp;County of Pima (TMC HealthCare Obligated Group) IDA, Series A, 4.00% due 4/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 485000 | &nbsp;&nbsp;&nbsp;&nbsp; 493549 |
|  | &nbsp;&nbsp;&nbsp;Maricopa County (Banner Health Obligated Group) IDA, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 1/1/2031 - 1/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 3190000 | &nbsp;&nbsp;&nbsp;&nbsp; 3243436 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series A-3, 5.00% due 1/1/2053 (put 11/1/2030) | &nbsp;&nbsp;&nbsp;&nbsp;12960000 | &nbsp;&nbsp;&nbsp;&nbsp; 14020789 |
|  | &nbsp;&nbsp;**California — 5.5%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Bay Area Toll Authority (San Francisco Bay Area Toll Bridge), Series E, 3.73% (MUNIPSA + 0.41%) due 4/1/2056 (put 4/1/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3962480 |
|  | &nbsp;&nbsp;&nbsp;California (PIH Health, Inc. Obligated Group) HFFA, Series A, 5.00% due 6/1/2028 - 6/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 2950000 | &nbsp;&nbsp;&nbsp;&nbsp; 3168946 |
|  | &nbsp;&nbsp;&nbsp;California (Providence St. Joseph Health Obligated Group) HFFA, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 4.00% due 10/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 1575000 | &nbsp;&nbsp;&nbsp;&nbsp; 1584598 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 10/1/2039 (put 10/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1026988 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.25% due 10/1/2050 (put 10/1/2035) | &nbsp;&nbsp;&nbsp;&nbsp; 2170000 | &nbsp;&nbsp;&nbsp;&nbsp; 2577381 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;California Community Choice Financing Authority (Guaranty: American General Life) (Green Bond), Series C, 5.00% due 12/1/2055 (put 10/1/2033) | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2109664 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;California Community Choice Financing Authority (Guaranty: Deutsche Bank AG) (Green Bond), Series C, 5.25% due 1/1/2054 (put 10/1/2031) | &nbsp;&nbsp;&nbsp;&nbsp;16955000 | &nbsp;&nbsp;&nbsp;&nbsp; 17992070 |
|  | &nbsp;&nbsp;&nbsp;California Community Choice Financing Authority (Guaranty: Morgan Stanley Group) (Green Bond), |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series B-1, 4.00% due 2/1/2052 (put 8/1/2031) | &nbsp;&nbsp;&nbsp;&nbsp;13175000 | &nbsp;&nbsp;&nbsp;&nbsp; 13352876 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series E-1, 5.00% due 2/1/2054 (put 3/1/2031) | &nbsp;&nbsp;&nbsp;&nbsp; 8285000 | &nbsp;&nbsp;&nbsp;&nbsp; 8776864 |
|  | &nbsp;&nbsp;&nbsp;California Municipal Finance Authority (Alexander Napa LP) (FNMA), Series A, 3.60% due 11/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2039714 |
|  | &nbsp;&nbsp;&nbsp;California Municipal Finance Authority (CHF-Davis II LLC) (BAM), 5.00% due 5/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 2905000 | &nbsp;&nbsp;&nbsp;&nbsp; 3026048 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;California Municipal Finance Authority (Republic Services, Inc.) AMT, Series A, 3.45% due 7/1/2041 (put 4/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 996780 |
|  | &nbsp;&nbsp;&nbsp;California Municipal Finance Authority (Waste Management, Inc.; Guaranty: Waste Management Holdings) AMT, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.45% due 10/1/2041 (put 10/2/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1000117 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.45% due 12/1/2044 (put 12/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2002126 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.45% due 10/1/2045 - 11/1/2046 (put 3/2/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 3250000 | &nbsp;&nbsp;&nbsp;&nbsp; 3248621 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 3.85% due 11/1/2041 (put 6/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1000420 |
| **<sup>a,b</sup>** | &nbsp;&nbsp;&nbsp;California Pollution Control Financing Authority (Republic Services, Inc.) AMT, Series A2, 3.45% due 11/1/2042 (put 1/15/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3998800 |
|  | &nbsp;&nbsp;&nbsp;California Statewide Communities Development Authority (CHF-Irvine LLC), Series A, 5.00% due 5/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 512366 |
|  | &nbsp;&nbsp;&nbsp;City of Los Angeles Department of Airports (Green Bond) AMT, Series A, 5.00% due 5/15/2034 - 5/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp;&nbsp; 6915244 |
|  | &nbsp;&nbsp;&nbsp;City of Los Angeles Department of Airports AMT, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 5/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 2850000 | &nbsp;&nbsp;&nbsp;&nbsp; 3113208 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00% due 5/15/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 1225000 | &nbsp;&nbsp;&nbsp;&nbsp; 1266972 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00% due 5/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2108404 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Los Angeles County Development Authority (2111 Firestone LP) (HUD), Series E, 5.00% due 7/1/2043 (put 7/1/2026) | &nbsp;&nbsp;$2450000 | &nbsp;&nbsp;$2461922 |
|  | &nbsp;&nbsp;&nbsp;Los Angeles Department of Water & Power, Series B, 5.00% due 7/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1050000 | &nbsp;&nbsp;&nbsp;&nbsp; 1067185 |
|  | &nbsp;&nbsp;&nbsp;Oakland (County of Alameda Educational Facilities) (AG) USD GO, Series A, 4.00% due 8/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1525524 |
|  | &nbsp;&nbsp;&nbsp;Riverside County Public Financing Authority (Redevelopment Project Area No. 1) (AG), Series A, 5.00% due 10/1/2033 - 10/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 1600000 | &nbsp;&nbsp;&nbsp;&nbsp; 1887714 |
|  | &nbsp;&nbsp;&nbsp;San Diego County Regional Airport Authority AMT, Series B, 5.00% due 7/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1029384 |
|  | &nbsp;&nbsp;&nbsp;San Francisco City & County Airport Comm-San Francisco International Airport AMT, Series A, 5.00% due 5/1/2034 - 5/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp;10750000 | &nbsp;&nbsp;&nbsp;&nbsp; 12127619 |
|  | &nbsp;&nbsp;&nbsp;Santa Clara County Financing Authority, Series Q, 4.00% due 5/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1001251 |
|  | &nbsp;&nbsp;&nbsp;Santa Margarita Water District (Talega Community Facilities), Series A, 5.00% due 9/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp; 363427 |
|  | &nbsp;&nbsp;&nbsp;State of California GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.00% due 8/1/2033 - 9/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp; 3524268 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 8/1/2035 - 11/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4091334 |
|  | &nbsp;&nbsp;&nbsp;Tustin (Community Facilities) (BAM) USD, Series A, 5.00% due 9/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1502419 |
|  | &nbsp;&nbsp;&nbsp;University of California, Series AV, 5.00% due 5/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1027233 |
|  | &nbsp;&nbsp;**Colorado — 2.8%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Adams County Housing Authority (647 Oat LLLP), 4.50% due 5/1/2042 (put 5/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp; 3504841 |
|  | &nbsp;&nbsp;&nbsp;Boulder Valley School District No. Re-2 Boulder (State Aid Withholding) GO, Series A, 5.00% due 12/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1535184 |
|  | &nbsp;&nbsp;&nbsp;City & County of Denver Airport System Revenue AMT, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00% due 12/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp; 3537055 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 12/1/2034 - 12/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 3285000 | &nbsp;&nbsp;&nbsp;&nbsp; 3409621 |
|  | &nbsp;&nbsp;&nbsp;Colorado (AdventHealth Obligated Group) HFA, |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 11/15/2059 (put 11/15/2031) | &nbsp;&nbsp;&nbsp;&nbsp; 2750000 | &nbsp;&nbsp;&nbsp;&nbsp; 3086930 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series A-2, 5.00% due 11/15/2057 (put 11/15/2033) | &nbsp;&nbsp;&nbsp;&nbsp; 3260000 | &nbsp;&nbsp;&nbsp;&nbsp; 3665577 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 11/15/2049 (put 11/19/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp; 7130732 |
|  | &nbsp;&nbsp;&nbsp;Colorado (CommonSpirit Health Obligated Group) HFA, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 11/1/2029 - 11/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 4550000 | &nbsp;&nbsp;&nbsp;&nbsp; 4955486 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 12/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4539228 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A-2, 5.00% due 8/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 850000 | &nbsp;&nbsp;&nbsp;&nbsp; 900459 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series B-2, 5.00% due 8/1/2049 (put 8/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 5475000 | &nbsp;&nbsp;&nbsp;&nbsp; 5484017 |
|  | &nbsp;&nbsp;&nbsp;Colorado (Frasier Meadows Manor, Inc. Obligated Group) HFA, Series A, 5.00% due 5/15/2035 - 5/15/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp;&nbsp; 1353354 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Colorado (Intermountain Healthcare Obligated Group) HFA, Series B, 5.00% due 5/15/2062 (put 8/17/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 1590000 | &nbsp;&nbsp;&nbsp;&nbsp; 1612624 |
|  | &nbsp;&nbsp;&nbsp;Denver Convention Center Hotel Authority, 5.00% due 12/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1015531 |
|  | &nbsp;&nbsp;&nbsp;Regional Transportation District (Denver Transit Partners LLC), Series A, 5.00% due 1/15/2030 - 7/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2690000 | &nbsp;&nbsp;&nbsp;&nbsp; 2913793 |
|  | &nbsp;&nbsp;&nbsp;STC Metropolitan District No. 2 (AG) GO, Series A, 5.00% due 12/1/2033 - 12/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp;10505000 | &nbsp;&nbsp;&nbsp;&nbsp; 11595964 |
|  | &nbsp;&nbsp;**Connecticut — 2.3%** |  |  |
|  | &nbsp;&nbsp;&nbsp;City of New Haven (AG) GO, Series B, 5.00% due 2/1/2028 - 2/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 1470000 | &nbsp;&nbsp;&nbsp;&nbsp; 1565963 |
|  | &nbsp;&nbsp;&nbsp;City of New Haven (BAM) GO, 5.00% due 8/1/2032 - 8/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp;&nbsp; 1246597 |
|  | &nbsp;&nbsp;&nbsp;Connecticut Housing Finance Authority (Green Bond), |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series D2, 3.85% due 11/15/2064 (put 5/15/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 7655000 | &nbsp;&nbsp;&nbsp;&nbsp; 7656018 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series F-1, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.95% due 5/15/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 2460000 | &nbsp;&nbsp;&nbsp;&nbsp; 2531817 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.05% due 5/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 2710000 | &nbsp;&nbsp;&nbsp;&nbsp; 2789208 |
|  | &nbsp;&nbsp;&nbsp;New Canaan Housing Authority (HANC Lakeview LLC) (FNMA), Series A, 4.00% due 12/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 5508000 | &nbsp;&nbsp;&nbsp;&nbsp; 5648327 |
|  | &nbsp;&nbsp;&nbsp;State of Connecticut (Various Capital Projects) GO, Series B, 5.00% due 5/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 8615000 | &nbsp;&nbsp;&nbsp;&nbsp; 8688899 |
|  | &nbsp;&nbsp;&nbsp;State of Connecticut GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 4/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp;&nbsp; 1131785 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00% due 6/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 4860000 | &nbsp;&nbsp;&nbsp;&nbsp; 5033293 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series D, 4.00% due 8/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 2325000 | &nbsp;&nbsp;&nbsp;&nbsp; 2341707 |
|  | &nbsp;&nbsp;&nbsp;State of Connecticut Special Tax Revenue (Transportation Infrastructure Purposes) (BAM), Series A, 5.00% due 9/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp;10600000 | &nbsp;&nbsp;&nbsp;&nbsp; 10734896 |
|  | &nbsp;&nbsp;**Delaware — 0.4%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Delaware State (Beebe Medical Center, Inc.) HFA, 5.00% due 6/1/2031 - 6/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 3400000 | &nbsp;&nbsp;&nbsp;&nbsp; 3502443 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Delaware State (NRG Energy, Inc.) EDA, Series B, 4.00% due 10/1/2040 (put 10/1/2035) | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2500127 |
|  | &nbsp;&nbsp;&nbsp;Delaware State Housing Authority (FHLMC, FNMA, GNMA), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00% due 7/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 650000 | &nbsp;&nbsp;&nbsp;&nbsp; 678818 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.35% due 7/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 550000 | &nbsp;&nbsp;&nbsp;&nbsp; 583056 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.40% due 7/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1040000 | &nbsp;&nbsp;&nbsp;&nbsp; 1098860 |
|  | &nbsp;&nbsp;**District of Columbia — 0.9%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;District of Columbia Housing Finance Agency (Barry Farm Building 1A LLC), 5.00% due 12/1/2028 (put 12/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 3750000 | &nbsp;&nbsp;&nbsp;&nbsp; 3887107 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;District of Columbia Housing Finance Agency (BCP II LLC), Series B, 5.00% due 3/1/2029 (put 2/1/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2072662 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;District of Columbia Housing Finance Agency (ECD Edgewood Commons 5 LP) (FHA, HUD), 5.00% due 6/1/2027 (put 6/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2001942 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;District of Columbia Housing Finance Agency (Wesley Hawaii LLC), 3.65% due 7/1/2028 (put 7/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 3705000 | &nbsp;&nbsp;&nbsp;&nbsp; 3729609 |
|  | &nbsp;&nbsp;&nbsp;Metropolitan Washington Airports Authority Aviation Revenue AMT, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 10/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2039708 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 10/1/2033 - 10/1/2035 | &nbsp;&nbsp;$5105000 | &nbsp;&nbsp;$5715132 |
|  | &nbsp;&nbsp;**Florida — 4.0%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Alachua County (Oak Hammock at the University of Florida Obligated Group) HFA, Series B-1, 4.00% due 10/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 735000 | &nbsp;&nbsp;&nbsp;&nbsp; 736172 |
|  | &nbsp;&nbsp;&nbsp;Broward County School Board COP, Series A, 5.00% due 7/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 2345000 | &nbsp;&nbsp;&nbsp;&nbsp; 2364201 |
|  | &nbsp;&nbsp;&nbsp;Capital Trust Authority (Shands Teaching Hospital & Clinics Obligated Group) (AG), Series A, 5.00% due 12/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2315940 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;City of Venice (Southwest Florida Retirement Center, Inc. Obligated Group), Series B-1, 4.625% due 1/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp; 750828 |
|  | &nbsp;&nbsp;&nbsp;County of Broward Airport System Revenue AMT, Series A, 5.00% due 10/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1584198 |
|  | &nbsp;&nbsp;&nbsp;County of Broward Port Facilities Revenue AMT, Series B, 5.00% due 9/1/2034 - 9/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 2925000 | &nbsp;&nbsp;&nbsp;&nbsp; 3052720 |
|  | &nbsp;&nbsp;&nbsp;County of Lee Airport Revenue, 5.00% due 10/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 3305000 | &nbsp;&nbsp;&nbsp;&nbsp; 3311157 |
|  | &nbsp;&nbsp;&nbsp;County of Miami-Dade Aviation Revenue AMT, Series A, 5.00% due 10/1/2034 - 10/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp;10195000 | &nbsp;&nbsp;&nbsp;&nbsp; 11349019 |
|  | &nbsp;&nbsp;&nbsp;County of Miami-Dade Transit System, 4.00% due 7/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 2950000 | &nbsp;&nbsp;&nbsp;&nbsp; 3027609 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;County of Okeechobee (Waste Management, Inc.), Series A, 3.80% due 7/1/2039 (put 7/2/2029) | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3933668 |
|  | &nbsp;&nbsp;&nbsp;Duval County Public Schools (AG) COP, Series A, 5.00% due 7/1/2030 - 7/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 3640000 | &nbsp;&nbsp;&nbsp;&nbsp; 3973450 |
|  | &nbsp;&nbsp;&nbsp;Florida Development Finance Corp. (Mater Academy Miami-Dade Osceola County Facilities Obligated Group), Series A, 5.00% due 6/15/2026 - 6/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 555000 | &nbsp;&nbsp;&nbsp;&nbsp; 562878 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Florida Development Finance Corp. (Waste Management, Inc.) AMT, Series A, 3.40% due 9/1/2050 (put 9/1/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1483782 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Florida Housing Finance Corp. (Hermosa NFTM 41 II Ltd.), Series L, 3.50% due 7/1/2058 (put 7/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 1230000 | &nbsp;&nbsp;&nbsp;&nbsp; 1240831 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Florida Housing Finance Corp. (Southward Village Phase 2 LP), Series T, 3.20% due 12/1/2044 (put 12/1/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3025497 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Florida Housing Finance Corp. (Vineland Family Apartments Ltd.), Series E, 3.80% due 6/1/2042 (put 6/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 5280000 | &nbsp;&nbsp;&nbsp;&nbsp; 5291505 |
|  | &nbsp;&nbsp;&nbsp;Greater Orlando Aviation Authority (United Airlines, Inc.) AMT, 5.25% due 11/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1599821 |
|  | &nbsp;&nbsp;&nbsp;JEA Electric System Revenue, Series III-B, 5.00% due 10/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 2110000 | &nbsp;&nbsp;&nbsp;&nbsp; 2176343 |
|  | &nbsp;&nbsp;&nbsp;JEA Water & Sewer System Revenue, Series A, 4.00% due 10/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 3655000 | &nbsp;&nbsp;&nbsp;&nbsp; 3729332 |
|  | &nbsp;&nbsp;&nbsp;Lee County (Shell Point Obligated Group) IDA, Series B-2, 4.375% due 11/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1509236 |
|  | &nbsp;&nbsp;&nbsp;Miami-Dade County (Nicklaus Children's Hospital) HFA, 5.00% due 8/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1020000 | &nbsp;&nbsp;&nbsp;&nbsp; 1045813 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Miami-Dade County (Waste Management, Inc.) IDA AMT, 3.45% due 11/1/2041 (put 11/2/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3994852 |
|  | &nbsp;&nbsp;&nbsp;Miami-Dade County Transit System, 4.00% due 7/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 3425000 | &nbsp;&nbsp;&nbsp;&nbsp; 3440971 |
|  | &nbsp;&nbsp;&nbsp;Orange County School Board COP, Series C, 5.00% due 8/1/2033 (pre-refunded 8/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2028372 |
|  | &nbsp;&nbsp;&nbsp;Palm Beach County (Jupiter Medical Center Obligated Group) HFA, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 11/1/2033 - 11/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 4255000 | &nbsp;&nbsp;&nbsp;&nbsp; 4607164 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 11/1/2028 - 11/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 1415000 | &nbsp;&nbsp;&nbsp;&nbsp; 1500061 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Polk County Housing Finance Authority (Episcopal Catholic Apartments Owner LLLP) (HUD), 4.15% due 12/1/2040 (put 6/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2005104 |
|  | &nbsp;&nbsp;&nbsp;School Board of Miami-Dade County COP, Series C, 5.00% due 2/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 5220000 | &nbsp;&nbsp;&nbsp;&nbsp; 5225121 |
|  | &nbsp;&nbsp;&nbsp;Southeast Overtown Park West Community Redevelopment Agency (AG), Series A, 5.00% due 3/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 2300000 | &nbsp;&nbsp;&nbsp;&nbsp; 2617257 |
|  | &nbsp;&nbsp;&nbsp;Town of Davie (Nova Southeastern University, Inc.), 5.00% due 4/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 414228 |
|  | &nbsp;&nbsp;&nbsp;Volusia County School Board (BAM) COP, Series A, 5.00% due 8/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 950000 | &nbsp;&nbsp;&nbsp;&nbsp; 951662 |
|  | &nbsp;&nbsp;**Georgia — 9.2%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Atlanta Urban Residential Finance Authority (Trinity Flats Redevelopment LP) (FHA, GNMA), 3.20% due 2/1/2030 (put 2/1/2029) | &nbsp;&nbsp;&nbsp;&nbsp; 4625000 | &nbsp;&nbsp;&nbsp;&nbsp; 4626915 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Bartow County Development Authority (Georgia Power Co.), 3.95% due 12/1/2032 (put 3/8/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 3060000 | &nbsp;&nbsp;&nbsp;&nbsp; 3109260 |
|  | &nbsp;&nbsp;&nbsp;City of Atlanta (Airport Passenger Facility) (Green Bond) AMT, Series D, 4.00% due 7/1/2035 - 7/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 9975000 | &nbsp;&nbsp;&nbsp;&nbsp; 10075108 |
|  | &nbsp;&nbsp;&nbsp;City of Atlanta Department of Aviation (Green Bond) AMT, Series B-1, 5.00% due 7/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1110585 |
|  | &nbsp;&nbsp;&nbsp;Development Authority of Burke County (Georgia Power Co.), |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 1994, 3.80% due 10/1/2032 (put 5/21/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 2100000 | &nbsp;&nbsp;&nbsp;&nbsp; 2103242 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 1995, 2.20% due 10/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1225000 | &nbsp;&nbsp;&nbsp;&nbsp; 1096883 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Development Authority of Burke County (Oglethorpe Power Corp.), Series A, 3.60% due 1/1/2040 (put 2/1/2030) | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2029656 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Development Authority of Monroe County (Georgia Power Co.), Series 1, 3.875% due 6/1/2042 (put 3/6/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 2075000 | &nbsp;&nbsp;&nbsp;&nbsp; 2076924 |
|  | &nbsp;&nbsp;&nbsp;Forsyth County School District GO, 5.00% due 2/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1039844 |
|  | &nbsp;&nbsp;&nbsp;Main Street Natural Gas, Inc. (Guaranty: Citigroup, Inc.), |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 4.00% due 9/1/2052 (put 12/1/2029) | &nbsp;&nbsp;&nbsp;&nbsp;29500000 | &nbsp;&nbsp;&nbsp;&nbsp; 29900964 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 12/1/2055 (put 12/1/2035) | &nbsp;&nbsp;&nbsp;&nbsp;11500000 | &nbsp;&nbsp;&nbsp;&nbsp; 12171761 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 4.00% due 5/1/2052 (put 12/1/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 3160000 | &nbsp;&nbsp;&nbsp;&nbsp; 3196925 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00% due 5/1/2054 (put 12/1/2030) | &nbsp;&nbsp;&nbsp;&nbsp;41030000 | &nbsp;&nbsp;&nbsp;&nbsp; 43248697 |
|  | &nbsp;&nbsp;&nbsp;Main Street Natural Gas, Inc. (Guaranty: Macquarie Group Ltd.), Series A, 5.00% due 5/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 2350000 | &nbsp;&nbsp;&nbsp;&nbsp; 2448272 |
|  | &nbsp;&nbsp;&nbsp;Main Street Natural Gas, Inc. (Guaranty: Royal Bank of Canada), |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 4.00% due 7/1/2052 (put 9/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp;12645000 | &nbsp;&nbsp;&nbsp;&nbsp; 12782957 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 7/1/2053 (put 3/1/2030) | &nbsp;&nbsp;&nbsp;&nbsp;26675000 | &nbsp;&nbsp;&nbsp;&nbsp; 28134176 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 12/1/2054 (put 3/1/2032) | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp; 5381215 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00% due 9/1/2053 (put 9/1/2030) | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1590331 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series E-1, 5.00% due 12/1/2053 (put 6/1/2031) | &nbsp;&nbsp;&nbsp;&nbsp;25250000 | &nbsp;&nbsp;&nbsp;&nbsp; 26971671 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Savannah (International Paper Co.) EDA, Series A, 3.45% due 11/1/2033 (put 10/1/2031) | &nbsp;&nbsp;&nbsp;&nbsp; 830000 | &nbsp;&nbsp;&nbsp;&nbsp; 840061 |
|  | &nbsp;&nbsp;&nbsp;State of Georgia GO, Series A, 4.00% due 2/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 500401 |
|  | &nbsp;&nbsp;**Hawaii — 0.0%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;City & County of Honolulu (Komohale Maunakea Venture LP) (HUD), 5.00% due 6/1/2027 (put 6/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1007312 |
|  | &nbsp;&nbsp;**Idaho — 0.1%** |  |  |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;Idaho Housing & Finance Association (FHLMC, FNMA, GNMA), Series C, 4.45% due 1/1/2036 | &nbsp;&nbsp;$2155000 | &nbsp;&nbsp;$2243357 |
|  | &nbsp;&nbsp;**Illinois — 8.3%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Boone McHenry & Dekalb Counties Community Unit School District 100 (AG) GO, Series A, 5.00% due 1/1/2032 - 1/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 2370000 | &nbsp;&nbsp;&nbsp;&nbsp; 2691980 |
|  | &nbsp;&nbsp;&nbsp;Chicago O'Hare International Airport (2017 Airport Projects), Series B, 5.00% due 1/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2030636 |
|  | &nbsp;&nbsp;&nbsp;Chicago O'Hare International Airport AMT, Series C, 5.00% due 1/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1529613 |
|  | &nbsp;&nbsp;&nbsp;Chicago Park District GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 1/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 935000 | &nbsp;&nbsp;&nbsp;&nbsp; 1053095 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 4.00% due 1/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1014390 |
|  | &nbsp;&nbsp;&nbsp;City of Chicago (Chicago O'Hare International Airport Customer Facility Charge Revenue) (BAM), 5.00% due 1/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1085765 |
|  | &nbsp;&nbsp;&nbsp;City of Chicago (Chicago O'Hare International Airport), Series C, 5.00% due 1/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 500468 |
|  | &nbsp;&nbsp;&nbsp;City of Chicago (Wastewater Transmission System) (AG), Series B, 5.00% due 1/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 1375000 | &nbsp;&nbsp;&nbsp;&nbsp; 1393250 |
|  | &nbsp;&nbsp;&nbsp;City of Chicago (Water System), 5.00% due 11/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp;&nbsp; 1269056 |
|  | &nbsp;&nbsp;&nbsp;City of Chicago GO, Series B, 5.00% due 1/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 2145000 | &nbsp;&nbsp;&nbsp;&nbsp; 2277419 |
|  | &nbsp;&nbsp;&nbsp;City of Chicago Wastewater Transmission Revenue, Series B, 5.00% due 1/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 2710000 | &nbsp;&nbsp;&nbsp;&nbsp; 2748024 |
|  | &nbsp;&nbsp;&nbsp;City of Chicago Waterworks Revenue, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 11/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp;&nbsp; 1270510 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, 5.00% due 11/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 1495000 | &nbsp;&nbsp;&nbsp;&nbsp; 1514299 |
|  | &nbsp;&nbsp;&nbsp;City of Joliet (Rock Run Crossing Project) (BAM) GO, 5.00% due 12/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1122836 |
|  | &nbsp;&nbsp;&nbsp;Illinois (FHLMC, FNMA, GNMA) HDA (Green Bond), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series K, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.60% due 4/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 1700000 | &nbsp;&nbsp;&nbsp;&nbsp; 1821625 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.65% due 10/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 1700000 | &nbsp;&nbsp;&nbsp;&nbsp; 1832335 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.70% due 4/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1980000 | &nbsp;&nbsp;&nbsp;&nbsp; 2145591 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75% due 10/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1650000 | &nbsp;&nbsp;&nbsp;&nbsp; 1796573 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.80% due 4/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1089523 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Illinois (South Shore HHDC LIHTC LLC) (HUD) HDA, 5.00% due 2/1/2027 (put 2/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1001145 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Illinois (Waste Management, Inc.; Guaranty: Waste Management Holdings) DFA AMT, Series A, 3.45% due 11/1/2044 (put 11/2/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2037822 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Illinois Finance Authority, Series 2020-REMK, 3.875% due 5/1/2040 (put 9/1/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2500465 |
|  | &nbsp;&nbsp;&nbsp;Illinois Finance Authority (Ascension Health Credit Group), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 2/15/2029 - 2/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1695000 | &nbsp;&nbsp;&nbsp;&nbsp; 1724914 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 2/15/2033 (pre-refunded 2/15/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 205000 | &nbsp;&nbsp;&nbsp;&nbsp; 210595 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Illinois Finance Authority (Carle Foundation Obligated Group), Series B, 5.00% due 8/15/2053 (put 8/15/2031) | &nbsp;&nbsp;&nbsp;&nbsp; 525000 | &nbsp;&nbsp;&nbsp;&nbsp; 570297 |
|  | &nbsp;&nbsp;&nbsp;Illinois Finance Authority (Moorings of Arlington Heights LLC Obligated Group), Series A, 5.00% due 11/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1610060 |
|  | &nbsp;&nbsp;&nbsp;Illinois Finance Authority (Northwestern Memorial Healthcare Obligated Group), Series A, 5.00% due 7/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp;&nbsp; 889517 |
|  | &nbsp;&nbsp;&nbsp;Illinois Finance Authority (Peoples Gas Light & Coke Co.), 3.90% due 3/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp; 5002015 |
|  | &nbsp;&nbsp;&nbsp;Illinois Finance Authority (Southern Illinois Healthcare), 5.00% due 3/1/2032 - 3/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp;&nbsp; 710034 |
|  | &nbsp;&nbsp;&nbsp;Illinois State Toll Highway Authority, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 12/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3003840 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 1/1/2031 - 1/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1950000 | &nbsp;&nbsp;&nbsp;&nbsp; 1953166 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00% due 1/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1502420 |
|  | &nbsp;&nbsp;&nbsp;Illinois State University (AG) COP, 5.00% due 4/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 2050000 | &nbsp;&nbsp;&nbsp;&nbsp; 2386093 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Knox Warren Etc Counties Community College District No. 518 Carl Sandburg GO, 3.375% due 12/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1000569 |
|  | &nbsp;&nbsp;&nbsp;Madison-Macoupin Etc Counties Community College District No. 536 (AG) GO, Series A, 5.00% due 11/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1620000 | &nbsp;&nbsp;&nbsp;&nbsp; 1637624 |
|  | &nbsp;&nbsp;&nbsp;Marshall Putnam & Bureau Counties Community Unit School District No. 5 Henry (BAM) GO, 5.00% due 12/1/2033 - 12/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 685000 | &nbsp;&nbsp;&nbsp;&nbsp; 771076 |
|  | &nbsp;&nbsp;&nbsp;Metropolitan Pier & Exposition Authority, Series A, 5.00% due 12/15/2027 - 12/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp;&nbsp; 6210298 |
|  | &nbsp;&nbsp;&nbsp;Metropolitan Water Reclamation District of Greater Chicago GO, Series B, 5.00% due 12/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 775000 | &nbsp;&nbsp;&nbsp;&nbsp; 787766 |
|  | &nbsp;&nbsp;&nbsp;Peoria Tazewell Etc Counties Community College District No. 514 GO, Series B, 6.25% due 12/1/2027 - 12/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp; 5425134 |
|  | &nbsp;&nbsp;&nbsp;Rock Island County School District No. 41 Milan (AG) GO, Series A, 5.00% due 1/1/2033 - 1/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 555000 | &nbsp;&nbsp;&nbsp;&nbsp; 628572 |
|  | &nbsp;&nbsp;&nbsp;Sales Tax Securitization Corp., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 1/1/2028 - 1/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 6445000 | &nbsp;&nbsp;&nbsp;&nbsp; 6715035 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.25% due 1/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3162441 |
|  | &nbsp;&nbsp;&nbsp;Sangamon County School District No. 186 Springfield (AG) GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.00% due 2/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 2160000 | &nbsp;&nbsp;&nbsp;&nbsp; 2238829 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 2/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 1570000 | &nbsp;&nbsp;&nbsp;&nbsp; 1690705 |
|  | &nbsp;&nbsp;&nbsp;Southern Illinois University (BAM), Series A, 5.00% due 4/1/2028 - 4/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 3575000 | &nbsp;&nbsp;&nbsp;&nbsp; 3891172 |
|  | &nbsp;&nbsp;&nbsp;Southwestern Illinois Community College District No. 522 GO, Series D, 5.00% due 12/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1722495 |
|  | &nbsp;&nbsp;&nbsp;State of Illinois GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.00% due 6/1/2032 - 6/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 3400000 | &nbsp;&nbsp;&nbsp;&nbsp; 3407921 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 11/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1516793 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.50% due 5/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 1050000 | &nbsp;&nbsp;&nbsp;&nbsp; 1127720 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 3/1/2031 - 3/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 8170000 | &nbsp;&nbsp;&nbsp;&nbsp; 9005878 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00% due 10/1/2033 - 11/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 5430000 | &nbsp;&nbsp;&nbsp;&nbsp; 5556639 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 3/1/2029 - 12/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2734936 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00% due 11/1/2027 - 11/1/2028 | &nbsp;&nbsp;$35470000 | &nbsp;&nbsp;$36800735 |
|  | &nbsp;&nbsp;&nbsp;State of Illinois Sales Tax Revenue, Series B, 5.00% due 6/15/2026 - 6/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;20000000 | &nbsp;&nbsp;&nbsp;&nbsp; 20694160 |
|  | &nbsp;&nbsp;&nbsp;State of Illinois Sales Tax Revenue (BAM), Series A, 5.00% due 6/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 1200000 | &nbsp;&nbsp;&nbsp;&nbsp; 1251085 |
|  | &nbsp;&nbsp;&nbsp;State of Illinois Sales Tax Revenue (BAM, NPFG), Series 1st, 6.00% due 6/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 235000 | &nbsp;&nbsp;&nbsp;&nbsp; 238463 |
|  | &nbsp;&nbsp;&nbsp;Yorkville-Bristol Sanitation District (BAM) (Green Bond) GO, 5.00% due 12/15/2033 - 12/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1110000 | &nbsp;&nbsp;&nbsp;&nbsp; 1239736 |
|  | &nbsp;&nbsp;**Indiana — 2.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;City of Indianapolis Department of Public Utilities Gas Utility Revenue, Series A, 5.00% due 8/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 6865000 | &nbsp;&nbsp;&nbsp;&nbsp; 7133284 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;City of Rockport (Indiana Michigan Power Co.), Series A, 3.70% due 6/1/2047 (put 6/1/2029) | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1019324 |
|  | &nbsp;&nbsp;&nbsp;Clark-Pleasant Community School Building Corp. (State Intercept), 5.00% due 7/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 955000 | &nbsp;&nbsp;&nbsp;&nbsp; 1057273 |
|  | &nbsp;&nbsp;&nbsp;Indiana Finance Authority (Indiana Department of Transportation), Series C, 5.00% due 6/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 1120000 | &nbsp;&nbsp;&nbsp;&nbsp; 1143276 |
|  | &nbsp;&nbsp;&nbsp;Indiana Finance Authority (Indiana University Health, Inc. Obligated Group), |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series B-2, 5.00% due 10/1/2060 (put 7/1/2030) | &nbsp;&nbsp;&nbsp;&nbsp;13395000 | &nbsp;&nbsp;&nbsp;&nbsp; 14495480 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00% due 10/1/2057 (put 10/1/2035) | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4526956 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Indiana Finance Authority (Republic Services, Inc.) AMT, Series A, 3.45% due 5/1/2028 (put 3/2/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 2750000 | &nbsp;&nbsp;&nbsp;&nbsp; 2750341 |
|  | &nbsp;&nbsp;&nbsp;Indiana Finance Authority (Westminster Village Greenwood, Inc. Obligated Group), 4.125% due 5/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 3200000 | &nbsp;&nbsp;&nbsp;&nbsp; 3203046 |
|  | &nbsp;&nbsp;&nbsp;Mount Vernon of Hancock County Multi-School Building Corp. (State Intercept), 5.00% due 1/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 546675 |
|  | &nbsp;&nbsp;&nbsp;Noblesville Redevelopment Authority, 5.00% due 1/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp; 314847 |
|  | &nbsp;&nbsp;&nbsp;Warsaw Community Schools (State Intercept) GO, 5.00% due 1/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1970000 | &nbsp;&nbsp;&nbsp;&nbsp; 1971237 |
|  | &nbsp;&nbsp;&nbsp;West Lafayette Redevelopment Authority (City of West Lafayette Redevelopment Commission), 5.00% due 2/1/2035 - 2/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 4970000 | &nbsp;&nbsp;&nbsp;&nbsp; 5569704 |
|  | &nbsp;&nbsp;**Iowa — 2.0%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Clinton Community School District/IA Infrastructure Sales Services & Use Tax (AG), 5.00% due 7/1/2032 - 7/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 3050000 | &nbsp;&nbsp;&nbsp;&nbsp; 3396007 |
|  | &nbsp;&nbsp;&nbsp;Iowa Finance Authority (Lifespace Communities, Inc. Obligated Group), Series A, 4.00% due 5/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 998765 |
|  | &nbsp;&nbsp;&nbsp;Iowa Finance Authority (Pella Regional Health Center Obligated Group), 5.00% due 12/1/2033 - 12/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1910000 | &nbsp;&nbsp;&nbsp;&nbsp; 2144776 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;PEFA, Inc. (Guaranty: Goldman Sachs Group, Inc.), 5.00% due 9/1/2049 (put 9/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp;34720000 | &nbsp;&nbsp;&nbsp;&nbsp; 35034702 |
|  | &nbsp;&nbsp;**Kansas — 0.4%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;City of Burlington (Evergy Metro, Inc.), 4.30% due 3/1/2045 (put 6/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 7760000 | &nbsp;&nbsp;&nbsp;&nbsp; 7778368 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Kansas (Terrace Pointe LP) DFA, Series K-2, 5.00% due 9/1/2028 (put 9/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1035023 |
|  | &nbsp;&nbsp;**Kentucky — 2.8%** |  |  |
|  | &nbsp;&nbsp;&nbsp;County of Boone (Duke Energy Kentucky, Inc.), Series A, 3.70% due 8/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp; 5023555 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;County of Owen (American Water/Kentucky-American Water Co. Obligated Group), 3.875% due 6/1/2040 (put 9/1/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 2350000 | &nbsp;&nbsp;&nbsp;&nbsp; 2398720 |
|  | &nbsp;&nbsp;&nbsp;Kentucky Public Energy Authority (Guaranty: Morgan Stanley Group), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00% due 8/1/2052 (put 8/1/2030) | &nbsp;&nbsp;&nbsp;&nbsp;18690000 | &nbsp;&nbsp;&nbsp;&nbsp; 18874900 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.25% due 4/1/2054 (put 2/1/2032) | &nbsp;&nbsp;&nbsp;&nbsp; 9000000 | &nbsp;&nbsp;&nbsp;&nbsp; 9689013 |
|  | &nbsp;&nbsp;&nbsp;Louisville/Jefferson County Metropolitan Government (Norton Healthcare Obligated Group), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 10/1/2027 - 10/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 7220000 | &nbsp;&nbsp;&nbsp;&nbsp; 7307848 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00% due 10/1/2047 (put 10/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 8500000 | &nbsp;&nbsp;&nbsp;&nbsp; 8618839 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00% due 10/1/2047 (put 10/1/2029) | &nbsp;&nbsp;&nbsp;&nbsp; 6575000 | &nbsp;&nbsp;&nbsp;&nbsp; 7032055 |
|  | &nbsp;&nbsp;**Louisiana — 0.7%** |  |  |
|  | &nbsp;&nbsp;&nbsp;City of Shreveport (AG) GO, Series A, 5.00% due 3/1/2031 - 3/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2183858 |
|  | &nbsp;&nbsp;&nbsp;City of Shreveport (Water & Sewer System) (BAM), Series C, 5.00% due 12/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1568386 |
|  | &nbsp;&nbsp;&nbsp;Lake Charles Harbor & Terminal District AMT, Series B, 5.00% due 1/1/2032 - 1/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 2270000 | &nbsp;&nbsp;&nbsp;&nbsp; 2534928 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Louisiana Housing Corp. (NSAEB 603 LLC) (FHA), 3.15% due 4/1/2030 (put 4/1/2029) | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1000239 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Louisiana Offshore Terminal Authority (Loop LLC), Series A-R, 4.20% due 9/1/2033 (put 9/1/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2028084 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;Louisiana Public Facilities Authority (Acadiana Renaissance Charter Academy), 5.00% due 6/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 3620000 | &nbsp;&nbsp;&nbsp;&nbsp; 3768279 |
|  | &nbsp;&nbsp;&nbsp;Louisiana Public Facilities Authority (Ochsner Clinic Foundation Obligated Group), Series A, 5.00% due 5/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 875000 | &nbsp;&nbsp;&nbsp;&nbsp; 945065 |
|  | &nbsp;&nbsp;**Maine — 0.0%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Maine Governmental Facilities Authority (State of Maine), Series A, 5.00% due 10/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 582883 |
|  | &nbsp;&nbsp;**Maryland — 0.6%** |  |  |
|  | &nbsp;&nbsp;&nbsp;County of Howard GO, Series A, 4.00% due 2/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1519417 |
|  | &nbsp;&nbsp;&nbsp;Maryland Department of Housing & Community Development (Green Bond), Series E, 4.35% due 3/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 930000 | &nbsp;&nbsp;&nbsp;&nbsp; 969503 |
|  | &nbsp;&nbsp;&nbsp;Maryland Health & Higher Educational Facilities Authority (Meritus Medical Center Obligated Group), 5.00% due 7/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 3750000 | &nbsp;&nbsp;&nbsp;&nbsp; 4228121 |
|  | &nbsp;&nbsp;&nbsp;Maryland State Transportation Authority Passenger Facility Charge Revenue AMT, 4.00% due 6/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3021876 |
|  | &nbsp;&nbsp;&nbsp;State of Maryland Department of Transportation (Maryland Aviation Administration) (AG) AMT, Series A, 5.00% due 8/1/2034 - 8/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 2325000 | &nbsp;&nbsp;&nbsp;&nbsp; 2591730 |
|  | &nbsp;&nbsp;**Massachusetts — 0.4%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Massachusetts (Brandeis University) DFA, Series T, 5.00% due 10/1/2055 (put 10/1/2035) | &nbsp;&nbsp;&nbsp;&nbsp; 2800000 | &nbsp;&nbsp;&nbsp;&nbsp; 3227983 |
|  | &nbsp;&nbsp;&nbsp;Massachusetts (CareGroup Healthcare System) DFA, Series I, 5.00% due 7/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 1900000 | &nbsp;&nbsp;&nbsp;&nbsp; 1918696 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;Massachusetts (GingerCare Living, Inc. Obligated Group) DFA, Series B-2, 5.00% due 12/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1980806 |
|  | &nbsp;&nbsp;&nbsp;Massachusetts Port Authority AMT, Series A, 5.00% due 7/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1577706 |
|  | &nbsp;&nbsp;**Michigan — 1.4%** |  |  |
|  | &nbsp;&nbsp;&nbsp;City of Detroit GO, 5.00% due 4/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 1400000 | &nbsp;&nbsp;&nbsp;&nbsp; 1428795 |
|  | &nbsp;&nbsp;&nbsp;Grand Rapids Economic Development Corp. (Michigan Christian Home Obligated Group), 4.75% due 11/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1998406 |
|  | &nbsp;&nbsp;&nbsp;Michigan Finance Authority (BHSH System Obligated Group), Series A, 5.00% due 4/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 215000 | &nbsp;&nbsp;&nbsp;&nbsp; 241734 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Michigan Finance Authority (Bronson Health Care Group Obligated Group), Series B, 5.00% due 11/15/2044 (put 11/16/2026) | &nbsp;&nbsp;$1730000 | &nbsp;&nbsp;$1741676 |
|  | &nbsp;&nbsp;&nbsp;Michigan Finance Authority (Detroit Public Lighting Authority Utility Users Tax Revenue) (BAM), Series A, 5.00% due 7/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 950000 | &nbsp;&nbsp;&nbsp;&nbsp; 1087268 |
|  | &nbsp;&nbsp;&nbsp;Michigan Finance Authority (McLaren Health Care Corp. Obligated Group), Series A, 5.00% due 5/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1000949 |
|  | &nbsp;&nbsp;&nbsp;Michigan State (Green Bond) HDA, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.95% due 12/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1585000 | &nbsp;&nbsp;&nbsp;&nbsp; 1638632 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00% due 6/1/2034 - 12/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2580231 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.10% due 6/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1360000 | &nbsp;&nbsp;&nbsp;&nbsp; 1404191 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125% due 12/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 375000 | &nbsp;&nbsp;&nbsp;&nbsp; 386394 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Michigan State Hospital Finance Authority (Corewell Health Obligated Group), Series B2, 5.00% due 8/15/2055 (put 6/1/2035) | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp; 5661495 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Michigan Strategic Fund (Consumers Energy Co.) AMT, 3.35% due 10/1/2049 (put 10/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2489990 |
|  | &nbsp;&nbsp;&nbsp;Michigan Strategic Fund (Waste Management of Michigan, Inc.; Guaranty: Waste Management, Inc.) AMT, 4.125% due 8/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 4300000 | &nbsp;&nbsp;&nbsp;&nbsp; 4340205 |
|  | &nbsp;&nbsp;&nbsp;Wayne State University, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00% due 11/15/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 1875000 | &nbsp;&nbsp;&nbsp;&nbsp; 1881227 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 11/15/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 1300000 | &nbsp;&nbsp;&nbsp;&nbsp; 1502844 |
|  | &nbsp;&nbsp;**Mississippi — 0.3%** |  |  |
|  | &nbsp;&nbsp;&nbsp;County of Warren (International Paper Co), Series A, 4.20% due 5/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2110110 |
|  | &nbsp;&nbsp;&nbsp;Mississippi Business Finance Corp. (Waste Management, Inc.) AMT, 4.25% due 3/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2512662 |
|  | &nbsp;&nbsp;&nbsp;Mississippi Home Corp. (FHLMC, FNMA, GNMA), Series A, 3.80% due 6/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1315000 | &nbsp;&nbsp;&nbsp;&nbsp; 1356149 |
|  | &nbsp;&nbsp;**Missouri — 0.9%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Health & Educational Facilities Authority of the State of Missouri (BJC Healthcare Obligated Group), Series C, 5.00% due 4/1/2059 (put 4/1/2035) | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4629916 |
|  | &nbsp;&nbsp;&nbsp;Health & Educational Facilities Authority of the State of Missouri (Lutheran Senior Services Obligated Group), Series A, 5.00% due 2/1/2026 - 2/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 1235000 | &nbsp;&nbsp;&nbsp;&nbsp; 1247287 |
|  | &nbsp;&nbsp;&nbsp;Health & Educational Facilities Authority of the State of Missouri (SSM Health Care Obligated Group), Series A, 5.00% due 6/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 680000 | &nbsp;&nbsp;&nbsp;&nbsp; 745188 |
|  | &nbsp;&nbsp;&nbsp;Missouri Housing Development Commission (FHLMC, FNMA, GNMA), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.95% due 11/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1544003 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00% due 5/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 1435000 | &nbsp;&nbsp;&nbsp;&nbsp; 1477628 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.05% due 11/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 630000 | &nbsp;&nbsp;&nbsp;&nbsp; 648905 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.10% due 5/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1645000 | &nbsp;&nbsp;&nbsp;&nbsp; 1695253 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.15% due 11/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1525000 | &nbsp;&nbsp;&nbsp;&nbsp; 1572397 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series D, 4.40% due 5/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 1875000 | &nbsp;&nbsp;&nbsp;&nbsp; 1964385 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Missouri State Environmental Improvement & Energy Resources Authority (Evergy Metro, Inc.) AMT, 4.05% due 5/1/2038 (put 7/1/2030) | &nbsp;&nbsp;&nbsp;&nbsp; 2025000 | &nbsp;&nbsp;&nbsp;&nbsp; 2068039 |
|  | &nbsp;&nbsp;&nbsp;Poplar Bluff R-I School District (AG) COP, 5.00% due 3/1/2031 - 3/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1575000 | &nbsp;&nbsp;&nbsp;&nbsp; 1730591 |
|  | &nbsp;&nbsp;**Montana — 0.5%** |  |  |
|  | &nbsp;&nbsp;&nbsp;City of Forsyth (Avista Corp.), Series A, 3.875% due 10/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 6350000 | &nbsp;&nbsp;&nbsp;&nbsp; 6419977 |
|  | &nbsp;&nbsp;&nbsp;City of Forsyth (NorthWestern Corp.), 3.875% due 7/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1016996 |
|  | &nbsp;&nbsp;&nbsp;Montana Facility Finance Authority (Billings Clinic Obligated Group), Series A, 4.00% due 8/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1225000 | &nbsp;&nbsp;&nbsp;&nbsp; 1253810 |
|  | &nbsp;&nbsp;&nbsp;Montana Facility Finance Authority (Intermountain Healthcare Obligated Group), Series A, 4.00% due 1/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 1595000 | &nbsp;&nbsp;&nbsp;&nbsp; 1635082 |
|  | &nbsp;&nbsp;**Nebraska — 1.1%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Central Plains Energy Project (Guaranty: Bank of Montreal), Series A, 5.00% due 5/1/2054 (put 11/1/2029) | &nbsp;&nbsp;&nbsp;&nbsp;11500000 | &nbsp;&nbsp;&nbsp;&nbsp; 12207813 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Central Plains Energy Project (Guaranty: Goldman Sachs Group, Inc.), Series 1, 5.00% due 5/1/2053 (put 10/1/2029) | &nbsp;&nbsp;&nbsp;&nbsp; 7825000 | &nbsp;&nbsp;&nbsp;&nbsp; 8166804 |
|  | &nbsp;&nbsp;&nbsp;Gretna Public Schools GO, Series B, 5.00% due 12/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3006225 |
|  | &nbsp;&nbsp;**Nevada — 0.8%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Carson City (Carson Tahoe Regional Healthcare), Series A, 5.00% due 9/1/2027 - 9/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1090000 | &nbsp;&nbsp;&nbsp;&nbsp; 1116526 |
|  | &nbsp;&nbsp;&nbsp;City of Las Vegas GO, Series C, 5.00% due 9/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1002821 |
|  | &nbsp;&nbsp;&nbsp;Clark County School District GO, Series A, 4.00% due 6/15/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2536230 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;County of Clark (Nevada Power Co.), 3.75% due 1/1/2036 (put 3/31/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1000566 |
|  | &nbsp;&nbsp;&nbsp;County of Clark GO, Series C, 4.00% due 7/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1985000 | &nbsp;&nbsp;&nbsp;&nbsp; 2065754 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;County of Washoe (Sierra Pacific Power Co.) AMT, Series F, 4.125% due 3/1/2036 (put 10/1/2029) | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2027182 |
|  | &nbsp;&nbsp;&nbsp;Reno-Tahoe Airport Authority AMT, Series A, 5.00% due 7/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1125000 | &nbsp;&nbsp;&nbsp;&nbsp; 1241582 |
|  | &nbsp;&nbsp;&nbsp;Truckee Meadows Water Authority, 5.00% due 7/1/2033 (pre-refunded 7/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 5070000 | &nbsp;&nbsp;&nbsp;&nbsp; 5131707 |
|  | &nbsp;&nbsp;**New Hampshire — 0.3%** |  |  |
|  | &nbsp;&nbsp;&nbsp;New Hampshire Business Finance Authority (United Illuminating Co.), Series A, 4.50% due 10/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp; 7351428 |
|  | &nbsp;&nbsp;**New Jersey — 3.8%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Camden County Improvement Authority (HUD), 5.00% due 3/1/2027 (put 3/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 3200000 | &nbsp;&nbsp;&nbsp;&nbsp; 3209712 |
|  | &nbsp;&nbsp;&nbsp;New Jersey (New Jersey Transit Corp.) EDA, Series A, 5.00% due 11/1/2029 - 11/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 3630000 | &nbsp;&nbsp;&nbsp;&nbsp; 4082632 |
|  | &nbsp;&nbsp;&nbsp;New Jersey (School Facilities Construction) EDA, 5.00% due 6/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 900000 | &nbsp;&nbsp;&nbsp;&nbsp; 951293 |
|  | &nbsp;&nbsp;&nbsp;New Jersey (State of New Jersey Department of the Treasury) EDA, Series DDD, 5.00% due 6/15/2033 (pre-refunded 6/15/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1553295 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;New Jersey Housing & Mortgage Finance Agency (Rowan Preservation LLC) (HUD), 3.10% due 7/1/2029 (put 7/1/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 1160000 | &nbsp;&nbsp;&nbsp;&nbsp; 1159839 |
|  | &nbsp;&nbsp;&nbsp;New Jersey Transportation Trust Fund Authority, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-BB-2, 5.00% due 6/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 1200000 | &nbsp;&nbsp;&nbsp;&nbsp; 1314110 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 12/15/2032 - 6/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 7100000 | &nbsp;&nbsp;&nbsp;&nbsp; 7629673 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series BB1, 5.00% due 6/15/2033 | &nbsp;&nbsp;$1425000 | &nbsp;&nbsp;$1502855 |
|  | &nbsp;&nbsp;&nbsp;New Jersey Transportation Trust Fund Authority (State Transportation System Improvements), Series A-1, 5.00% due 6/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;29985000 | &nbsp;&nbsp;&nbsp;&nbsp; 30285480 |
|  | &nbsp;&nbsp;&nbsp;New Jersey Transportation Trust Fund Authority (Transportation System), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 12/15/2026 - 12/15/2034 | &nbsp;&nbsp;&nbsp;&nbsp;22600000 | &nbsp;&nbsp;&nbsp;&nbsp; 24129670 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series BB1, 5.00% due 6/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2649972 |
|  | &nbsp;&nbsp;&nbsp;New Jersey Turnpike Authority, Series G, 4.00% due 1/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2558260 |
|  | &nbsp;&nbsp;**New Mexico — 1.0%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Albuquerque Bernalillo County Water Utility Authority, 5.00% due 7/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1575000 | &nbsp;&nbsp;&nbsp;&nbsp; 1620840 |
|  | &nbsp;&nbsp;&nbsp;Albuquerque Bernalillo County Water Utility Authority (2005 NMFA Loan & Joint Water & Sewer System Improvements), Series A, 5.00% due 7/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2003408 |
|  | &nbsp;&nbsp;&nbsp;Albuquerque Municipal School District No. 12 (State Aid Withholding) GO, Series 2017, 5.00% due 8/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 550000 | &nbsp;&nbsp;&nbsp;&nbsp; 557688 |
|  | &nbsp;&nbsp;&nbsp;City of Albuquerque (City Infrastructure Improvements) GO, Series A, 5.00% due 7/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 870000 | &nbsp;&nbsp;&nbsp;&nbsp; 880015 |
|  | &nbsp;&nbsp;&nbsp;City of Farmington (Public Service Co. of New Mexico), |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 0.875% due 6/1/2040 (put 10/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 980870 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series D, 3.90% due 6/1/2040 (put 6/1/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2022418 |
|  | &nbsp;&nbsp;&nbsp;City of Santa Fe (El Castillo Retirement Residences Obligated Group), 4.50% due 5/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 720000 | &nbsp;&nbsp;&nbsp;&nbsp; 720119 |
|  | &nbsp;&nbsp;&nbsp;City of Santa Fe (Public Facilities) GRT, 5.00% due 6/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 950000 | &nbsp;&nbsp;&nbsp;&nbsp; 951564 |
|  | &nbsp;&nbsp;&nbsp;County of Sandoval GO, 5.00% due 8/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 210000 | &nbsp;&nbsp;&nbsp;&nbsp; 217840 |
|  | &nbsp;&nbsp;&nbsp;Hobbs School District No. 16 (State Aid Withholding) ETM GO, 5.00% due 9/15/2028 - 9/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 1355000 | &nbsp;&nbsp;&nbsp;&nbsp; 1464646 |
|  | &nbsp;&nbsp;&nbsp;New Mexico Finance Authority (Public Project Revolving Fund), Series A, 5.00% due 6/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1001415 |
|  | &nbsp;&nbsp;&nbsp;New Mexico Finance Authority (State of New Mexico Department of Transportation), Series A, 5.00% due 6/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1516436 |
|  | &nbsp;&nbsp;&nbsp;New Mexico Hospital Equipment Loan Council (Presbyterian Healthcare Services Obligated Group), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00% due 8/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1190000 | &nbsp;&nbsp;&nbsp;&nbsp; 1195789 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 8/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1065996 |
|  | &nbsp;&nbsp;&nbsp;New Mexico Hospital Equipment Loan Council (San Juan Regional Medical Center, Inc.), 5.00% due 6/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 690000 | &nbsp;&nbsp;&nbsp;&nbsp; 741656 |
|  | &nbsp;&nbsp;&nbsp;New Mexico Mortgage Finance Authority (FHLMC, FNMA, GNMA), Series A Class I, 3.95% due 3/1/2035 - 9/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 715000 | &nbsp;&nbsp;&nbsp;&nbsp; 722412 |
|  | &nbsp;&nbsp;&nbsp;Regents of New Mexico State University (Campus Buildings Acquisition & Improvements), Series A, 5.00% due 4/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1532070 |
|  | &nbsp;&nbsp;&nbsp;Village of Los Ranchos de Albuquerque (Albuquerque Academy), 5.00% due 9/1/2029 - 9/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1030000 | &nbsp;&nbsp;&nbsp;&nbsp; 1118481 |
|  | &nbsp;&nbsp;**New York — 4.2%** |  |  |
|  | &nbsp;&nbsp;&nbsp;City of New York GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, 5.00% due 9/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1300000 | &nbsp;&nbsp;&nbsp;&nbsp; 1473897 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B1, 5.00% due 10/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2060114 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C1, 5.00% due 8/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1100644 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series G-1, 5.00% due 2/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp;&nbsp; 1458082 |
|  | &nbsp;&nbsp;&nbsp;Hudson Yards Infrastructure Corp. (Hudson Yards Subway Station), Series A, 5.00% due 2/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1350000 | &nbsp;&nbsp;&nbsp;&nbsp; 1379449 |
|  | &nbsp;&nbsp;&nbsp;Long Island Power Authority, 5.00% due 9/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 422776 |
|  | &nbsp;&nbsp;&nbsp;Metropolitan Transportation Authority, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00% due 11/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1660000 | &nbsp;&nbsp;&nbsp;&nbsp; 1679483 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 11/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 1230000 | &nbsp;&nbsp;&nbsp;&nbsp; 1252408 |
|  | &nbsp;&nbsp;&nbsp;Metropolitan Transportation Authority (Green Bond), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A2, 5.00% due 11/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 3450000 | &nbsp;&nbsp;&nbsp;&nbsp; 3514591 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 11/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 1845000 | &nbsp;&nbsp;&nbsp;&nbsp; 1923848 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C1, 5.00% due 11/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2755000 | &nbsp;&nbsp;&nbsp;&nbsp; 2810538 |
|  | &nbsp;&nbsp;&nbsp;Metropolitan Transportation Authority Dedicated Tax Fund (Green Bond), Series B-2, 4.00% due 11/15/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 506029 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Monroe County Industrial Development Corp. (Andrews Terrace Community Partners LP) (HUD), Series B-2, 5.00% due 7/1/2028 (put 7/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4139388 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;New York City Housing Development Corp. (Green Bond), Series D, 4.30% due 11/1/2063 (put 11/1/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 2250000 | &nbsp;&nbsp;&nbsp;&nbsp; 2270754 |
|  | &nbsp;&nbsp;&nbsp;New York City Municipal Water Finance Authority (New York City Water & Sewer System), Series AA-2, 5.00% due 6/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 4495000 | &nbsp;&nbsp;&nbsp;&nbsp; 4702188 |
|  | &nbsp;&nbsp;&nbsp;New York City Transitional Finance Authority Future Tax Secured Revenue, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B-1, 5.00% due 8/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1027621 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series F-1, 5.00% due 5/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 3705000 | &nbsp;&nbsp;&nbsp;&nbsp; 3805520 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series F-3, 4.00% due 2/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4004684 |
|  | &nbsp;&nbsp;&nbsp;New York State Dormitory (Roswell Park Cancer Institute Corp. Obligated Group) (AG), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 7/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 572710 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, 5.00% due 7/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 578253 |
|  | &nbsp;&nbsp;&nbsp;New York State Dormitory Authority, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 3/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 370000 | &nbsp;&nbsp;&nbsp;&nbsp; 376045 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 3/15/2028 (pre-refunded 9/15/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 810000 | &nbsp;&nbsp;&nbsp;&nbsp; 823884 |
|  | &nbsp;&nbsp;&nbsp;New York State Dormitory Authority (AG), Series A, 5.00% due 10/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 422791 |
|  | &nbsp;&nbsp;&nbsp;New York State Dormitory Authority (BAM), Series A, 5.00% due 10/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp; 3868791 |
|  | &nbsp;&nbsp;&nbsp;New York State Dormitory Authority (State Aid Withholding), Series A, 5.00% due 10/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1037679 |
|  | &nbsp;&nbsp;&nbsp;New York State Dormitory Authority (State of New York Personal Income Tax Revenue), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00% due 2/15/2034 - 3/15/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 6405000 | &nbsp;&nbsp;&nbsp;&nbsp; 6494678 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 3/15/2030 | &nbsp;&nbsp;$750000 | &nbsp;&nbsp;$795087 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A1, 5.00% due 3/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 3545000 | &nbsp;&nbsp;&nbsp;&nbsp; 3972265 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series E, 5.00% due 3/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2258910 |
|  | &nbsp;&nbsp;&nbsp;New York State Dormitory Authority (State of New York Sales Tax Revenue), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 3/15/2032 - 3/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 3465000 | &nbsp;&nbsp;&nbsp;&nbsp; 3523763 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series E, 5.00% due 3/15/2029 (pre-refunded 9/15/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 2135000 | &nbsp;&nbsp;&nbsp;&nbsp; 2277881 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;New York State Housing Finance Agency (325 Kent LLC) (FNMA), Series A, 3.95% due 11/1/2050 (put 1/1/2035) | &nbsp;&nbsp;&nbsp;&nbsp; 4365000 | &nbsp;&nbsp;&nbsp;&nbsp; 4436067 |
|  | &nbsp;&nbsp;&nbsp;New York State Urban Development Corp. (State of New York Personal Income Tax Revenue), Series C-2, 5.00% due 3/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 3715000 | &nbsp;&nbsp;&nbsp;&nbsp; 3847221 |
|  | &nbsp;&nbsp;&nbsp;Port Authority of New York & New Jersey AMT, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 10/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2030240 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 207, 5.00% due 9/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2074120 |
|  | &nbsp;&nbsp;&nbsp;State of New York Mortgage Agency (SONYMA) (Green Bond) AMT, Series 248, 4.05% due 10/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 2035000 | &nbsp;&nbsp;&nbsp;&nbsp; 2086825 |
|  | &nbsp;&nbsp;&nbsp;Tompkins County Development Corp. (Ithaca College), 5.00% due 7/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; 256962 |
|  | &nbsp;&nbsp;&nbsp;Triborough Bridge & Tunnel Authority, Series B, 5.00% due 11/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 4170000 | &nbsp;&nbsp;&nbsp;&nbsp; 4290017 |
|  | &nbsp;&nbsp;&nbsp;Triborough Bridge & Tunnel Authority (Metropolitan Transportation Authority Payroll Mobility Tax Revenue) (Green Bond), Series E, 5.00% due 11/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2281714 |
|  | &nbsp;&nbsp;&nbsp;Westchester County Local Development Corp. (Miriam Osborn Memorial Home Association Obligated Group), 5.00% due 7/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 204062 |
|  | &nbsp;&nbsp;**North Carolina — 0.9%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Charlotte-Mecklenburg Hospital Authority (Atrium Health Obligated Group), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series D, |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.625% due 1/15/2048 (put 6/15/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 1350000 | &nbsp;&nbsp;&nbsp;&nbsp; 1354313 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 1/15/2049 (put 12/1/2031) | &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp; 7782243 |
|  | &nbsp;&nbsp;&nbsp;Columbus County Industrial Facilities & Pollution Control Financing Authority (International Paper Co.), 4.20% due 5/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 3900000 | &nbsp;&nbsp;&nbsp;&nbsp; 4114715 |
|  | &nbsp;&nbsp;&nbsp;North Carolina Housing Finance Agency (Green Bond), Series 51, 3.85% due 7/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1495000 | &nbsp;&nbsp;&nbsp;&nbsp; 1521769 |
|  | &nbsp;&nbsp;&nbsp;North Carolina Medical Care Commission (Penick Village Obligated Group), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B-1, 4.75% due 9/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 410000 | &nbsp;&nbsp;&nbsp;&nbsp; 410099 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B-2, 4.50% due 9/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 625000 | &nbsp;&nbsp;&nbsp;&nbsp; 625032 |
|  | &nbsp;&nbsp;&nbsp;North Carolina Turnpike Authority, 5.00% due 1/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 527568 |
|  | &nbsp;&nbsp;&nbsp;Raleigh Durham Airport Authority AMT, Series A, 5.00% due 5/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 2150000 | &nbsp;&nbsp;&nbsp;&nbsp; 2288256 |
|  | &nbsp;&nbsp;**North Dakota — 0.3%** |  |  |
|  | &nbsp;&nbsp;&nbsp;North Dakota Housing Finance Agency (Green Bond), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.30% due 1/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1590098 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.35% due 7/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 1800000 | &nbsp;&nbsp;&nbsp;&nbsp; 1907858 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375% due 1/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 2110000 | &nbsp;&nbsp;&nbsp;&nbsp; 2232726 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.40% due 7/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1240000 | &nbsp;&nbsp;&nbsp;&nbsp; 1310051 |
|  | &nbsp;&nbsp;**Ohio — 1.9%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Akron, Bath & Copley Joint Township Hospital District (Summa Health System Obligated Group), 5.00% due 11/15/2031 - 11/15/2032 (pre-refunded 11/15/2030) | &nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp;&nbsp; 1227025 |
|  | &nbsp;&nbsp;&nbsp;Akron, Bath & Copley Joint Township Hospital District (Summa Health System Obligated Group) ETM, 5.00% due 11/15/2027 - 11/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 1485000 | &nbsp;&nbsp;&nbsp;&nbsp; 1584667 |
|  | &nbsp;&nbsp;&nbsp;City of Cincinnati Water System Revenue, Series C, 4.00% due 12/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1009824 |
|  | &nbsp;&nbsp;&nbsp;City of Columbus GO, Series A, 4.00% due 4/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp; 608057 |
|  | &nbsp;&nbsp;&nbsp;Cleveland State University (BAM), Series C, 5.00% due 6/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1161450 |
|  | &nbsp;&nbsp;&nbsp;Columbus Metropolitan Housing Authority, 4.00% due 12/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2535493 |
|  | &nbsp;&nbsp;&nbsp;Columbus Regional Airport Authority AMT, Series A, 5.00% due 1/1/2034 - 1/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 6235000 | &nbsp;&nbsp;&nbsp;&nbsp; 6988979 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Columbus-Franklin County Finance Authority (Dering Family Homes Owner LLC), 5.00% due 7/1/2045 (put 2/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2031504 |
|  | &nbsp;&nbsp;&nbsp;County of Allen Hospital Facilities Revenue (Bon Secours Mercy Health, Inc.), |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series B-1, 5.00% due 10/1/2049 (put 8/3/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 3765000 | &nbsp;&nbsp;&nbsp;&nbsp; 3880665 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series B-2, 5.00% due 10/1/2051 (put 6/4/2030) | &nbsp;&nbsp;&nbsp;&nbsp; 6590000 | &nbsp;&nbsp;&nbsp;&nbsp; 7057422 |
|  | &nbsp;&nbsp;&nbsp;County of Cuyahoga (Musical Arts Association), 5.00% due 1/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 375000 | &nbsp;&nbsp;&nbsp;&nbsp; 399831 |
|  | &nbsp;&nbsp;&nbsp;County of Hamilton (Life Enriching Communities Obligated Group), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 1/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp; 789876 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.25% due 1/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 437934 |
|  | &nbsp;&nbsp;&nbsp;County of Hamilton Sales Tax Revenue, Series A, 4.00% due 12/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp;&nbsp; 1110821 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Ohio Air Quality Development Authority (Duke Energy Corp.), Series B, 4.00% due 9/1/2030 (put 6/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 4515000 | &nbsp;&nbsp;&nbsp;&nbsp; 4594369 |
|  | &nbsp;&nbsp;&nbsp;Ohio Higher Educational Facility Commission (Case Western Reserve University), 4.00% due 12/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1255000 | &nbsp;&nbsp;&nbsp;&nbsp; 1266043 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Ohio Housing Finance Agency (At Main LLC), 3.70% due 11/1/2047 (put 5/1/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1009805 |
|  | &nbsp;&nbsp;&nbsp;Ohio Water Development Authority, 4.00% due 12/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2019480 |
|  | &nbsp;&nbsp;&nbsp;State of Ohio (Cleveland Clinic Health System Obligated Group), Series A, 5.00% due 1/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp;&nbsp; 830067 |
|  | &nbsp;&nbsp;&nbsp;West Central Ohio Port Authority (Global Impact STEM Academy), Series A, 5.00% due 12/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp; 643599 |
|  | &nbsp;&nbsp;**Oklahoma — 2.3%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Caddo County Educational Facilities Authority (Fort Cobb-Broxton Public Schools Project) ISD, 5.00% due 9/1/2027 - 9/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 3730000 | &nbsp;&nbsp;&nbsp;&nbsp; 3984333 |
|  | &nbsp;&nbsp;&nbsp;Canadian County Educational Facilities Authority (Mustang Public Schools Project) ISD, Series A, 5.00% due 9/1/2032 - 9/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp;11000000 | &nbsp;&nbsp;&nbsp;&nbsp; 12426067 |
|  | &nbsp;&nbsp;&nbsp;Canadian County Educational Facilities Authority (Yukon Public Schools Project) ISD, 5.00% due 9/1/2027 - 9/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp;10850000 | &nbsp;&nbsp;&nbsp;&nbsp; 11539489 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;Chouteau Educational Facilities Authority (Mayes County ISD No. 32 Chouteau-Mazie), 4.00% due 9/1/2028 | &nbsp;&nbsp;$975000 | &nbsp;&nbsp;$982363 |
|  | &nbsp;&nbsp;&nbsp;Cleveland County Educational Facilities Authority (Moore Public Schools) ISD, 4.00% due 6/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4212256 |
|  | &nbsp;&nbsp;&nbsp;Cleveland County Educational Facilities Authority (Norman Public Schools) ISD, Series A, 5.00% due 6/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2804870 |
|  | &nbsp;&nbsp;&nbsp;Clinton Public Works Authority, 5.00% due 10/1/2030 - 10/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2675000 | &nbsp;&nbsp;&nbsp;&nbsp; 2914995 |
|  | &nbsp;&nbsp;&nbsp;Cushing Educational Facilities Authority (Payne County No. 67 Cushing) ISD, 5.00% due 9/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 4400000 | &nbsp;&nbsp;&nbsp;&nbsp; 4602444 |
|  | &nbsp;&nbsp;&nbsp;Love County Educational Facilities Authority (Love County ISD No. 4 Thackerville), 4.50% due 9/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 335000 | &nbsp;&nbsp;&nbsp;&nbsp; 349516 |
|  | &nbsp;&nbsp;&nbsp;Mcintosh County Educational Facilities Authority (District No. 1 Eufaula) ISD, 5.00% due 9/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 380000 | &nbsp;&nbsp;&nbsp;&nbsp; 416986 |
|  | &nbsp;&nbsp;&nbsp;Muskogee Industrial Trust (Muskogee County No. 20) ISD, 5.00% due 9/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 475000 | &nbsp;&nbsp;&nbsp;&nbsp; 479177 |
|  | &nbsp;&nbsp;&nbsp;Oklahoma County Finance Authority (Oklahoma County ISD No. 41 Western Heights), 5.00% due 9/1/2030 - 9/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 4750000 | &nbsp;&nbsp;&nbsp;&nbsp; 5047194 |
|  | &nbsp;&nbsp;**Oregon — 0.6%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Oregon Health & Science University (Oregon Health & Science University Obligated Group), Series B2, 5.00% due 7/1/2046 (put 2/1/2032) | &nbsp;&nbsp;&nbsp;&nbsp;11780000 | &nbsp;&nbsp;&nbsp;&nbsp; 12964408 |
|  | &nbsp;&nbsp;**Pennsylvania — 5.5%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Airport Authority (AG) AMT, Series A, 5.00% due 1/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp; 3922338 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Hospital Development Authority (UPMC Obligated Group), Series A, 5.00% due 7/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 2520000 | &nbsp;&nbsp;&nbsp;&nbsp; 2675968 |
|  | &nbsp;&nbsp;&nbsp;Allentown City School District (BAM, State Aid Withholding) GO, Series B, 5.00% due 2/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 3750000 | &nbsp;&nbsp;&nbsp;&nbsp; 4009208 |
|  | &nbsp;&nbsp;&nbsp;Chester County Health & Education Facilities Authority (Tel Hai Retirement Community Obligated Group), 5.00% due 6/1/2035 - 6/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 1330000 | &nbsp;&nbsp;&nbsp;&nbsp; 1448474 |
|  | &nbsp;&nbsp;&nbsp;City of Philadelphia (Pennsylvania Gas Works), Series 14, 5.00% due 10/1/2031 - 10/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2070000 | &nbsp;&nbsp;&nbsp;&nbsp; 2095538 |
|  | &nbsp;&nbsp;&nbsp;City of Philadelphia (Pennsylvania Gas Works) (AG), Series A, 5.00% due 8/1/2030 - 8/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1750000 | &nbsp;&nbsp;&nbsp;&nbsp; 1913125 |
|  | &nbsp;&nbsp;&nbsp;City of Philadelphia Airport Revenue AMT, Series B, 5.00% due 7/1/2033 - 7/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp; 7219808 |
|  | &nbsp;&nbsp;&nbsp;City of Scranton (BAM) GO, 5.00% due 9/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 2085000 | &nbsp;&nbsp;&nbsp;&nbsp; 2147079 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth Financing Authority (Tobacco Master Settlement Paym), 5.00% due 6/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1041748 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth Financing Authority (Tobacco Master Settlement Paym) (BAM), 5.00% due 6/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp;10000000 | &nbsp;&nbsp;&nbsp;&nbsp; 10485770 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO, 5.00% due 7/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 7930000 | &nbsp;&nbsp;&nbsp;&nbsp; 8557445 |
|  | &nbsp;&nbsp;&nbsp;Dauphin County General Authority (UPMC Obligated Group), Series A, 5.00% due 6/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 1375000 | &nbsp;&nbsp;&nbsp;&nbsp; 1381782 |
|  | &nbsp;&nbsp;&nbsp;Geisinger Authority (Geisinger Health System Obligated Group), |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 4/1/2043 (put 2/15/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 3615000 | &nbsp;&nbsp;&nbsp;&nbsp; 3663774 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00% due 4/1/2043 (put 4/1/2030) | &nbsp;&nbsp;&nbsp;&nbsp; 3530000 | &nbsp;&nbsp;&nbsp;&nbsp; 3779860 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Montgomery County (Constellation Energy Generation LLC) IDA, Series A, 4.10% due 4/1/2053 (put 4/3/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp; 5129450 |
|  | &nbsp;&nbsp;&nbsp;Northeastern Pennsylvania Hospital & Education Authority (King's College), 5.00% due 5/1/2027 - 5/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 3825000 | &nbsp;&nbsp;&nbsp;&nbsp; 3935498 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Pennsylvania (Republic Services, Inc.) EDFA AMT, Series B-2, 3.85% due 4/1/2049 (put 1/15/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 999779 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania (UPMC Obligated Group) EDFA, |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025A, 5.00% due 3/15/2060 (put 3/15/2035) | &nbsp;&nbsp;&nbsp;&nbsp;12550000 | &nbsp;&nbsp;&nbsp;&nbsp; 13837354 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00% due 11/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp; 602027 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 10/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1150000 | &nbsp;&nbsp;&nbsp;&nbsp; 1256378 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Pennsylvania (Waste Management Obligated Group; Guaranty: Waste Management, Inc.) EDFA, 0.95% due 12/1/2033 (put 12/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 976465 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania (Waste Management, Inc.; Guaranty: Waste Management Holdings) EDFA AMT, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875% due 8/1/2037 (put 8/3/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 8500000 | &nbsp;&nbsp;&nbsp;&nbsp; 8515087 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00% due 6/1/2041 (put 7/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp; 5006670 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency (Green Bond), Series 149A, 4.55% due 4/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 4110000 | &nbsp;&nbsp;&nbsp;&nbsp; 4361581 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Municipal Authority (Juvenile Justice Services Center), 5.00% due 4/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1750000 | &nbsp;&nbsp;&nbsp;&nbsp; 1782249 |
|  | &nbsp;&nbsp;&nbsp;Pittsburgh Water & Sewer Authority (AG), Series B, 5.00% due 9/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1152992 |
|  | &nbsp;&nbsp;&nbsp;School District of Philadelphia (State Aid Withholding) GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 9/1/2027 - 9/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 1440000 | &nbsp;&nbsp;&nbsp;&nbsp; 1497906 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series F, 5.00% due 9/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1009832 |
|  | &nbsp;&nbsp;&nbsp;Sports & Exhibition Authority of Pittsburgh & Allegheny County (Allegheny County Hotel Room Excise Tax Revenue) (AG), Series A, 5.00% due 2/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4435904 |
|  | &nbsp;&nbsp;&nbsp;State Public School Building Authority (School District of Philadelphia) (AG, State Aid Withholding), Series A, 5.00% due 6/1/2030 - 6/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 7550000 | &nbsp;&nbsp;&nbsp;&nbsp; 7682520 |
|  | &nbsp;&nbsp;**Rhode Island — 0.2%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Rhode Island Housing & Mortgage Finance Corp. (FHA) (Green Bond), Series 1-A, 3.60% due 10/1/2054 (put 10/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2990412 |
|  | &nbsp;&nbsp;&nbsp;Rhode Island Student Loan Authority AMT, Series B, 5.00% due 12/1/2032 - 12/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp;&nbsp; 1366884 |
|  | &nbsp;&nbsp;**South Carolina — 0.8%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Patriots Energy Group Financing Agency (Guaranty: Sumitomo Mitsui Banking Corp.), Series A1, 5.25% due 10/1/2054 (put 8/1/2031) | &nbsp;&nbsp;&nbsp;&nbsp;10090000 | &nbsp;&nbsp;&nbsp;&nbsp; 10799559 |
|  | &nbsp;&nbsp;&nbsp;South Carolina Jobs (Bishop Gadsden Episcopal Retirement Community Obligated Group) EDA, 5.00% due 4/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 1270000 | &nbsp;&nbsp;&nbsp;&nbsp; 1365974 |
|  | &nbsp;&nbsp;&nbsp;South Carolina Jobs (Rolling Green Village) EDA, Series A, 5.00% due 12/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp; 767551 |
|  | &nbsp;&nbsp;&nbsp;South Carolina Jobs (Wesley Commons Obligated Group) EDA, Series A, 5.00% due 10/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp; 769573 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;South Carolina Jobs-EDA (Bon Secours Mercy Health, Inc.), Series B-2, 5.00% due 11/1/2049 (put 11/1/2032) | &nbsp;&nbsp;&nbsp;&nbsp; 835000 | &nbsp;&nbsp;&nbsp;&nbsp; 924210 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;South Carolina Jobs-EDA (Guaranty: Federal Home Loan Mtg Corp.) (FHLMC), 4.00% due 3/1/2062 (put 3/1/2035) | &nbsp;&nbsp;&nbsp;&nbsp; 1175000 | &nbsp;&nbsp;&nbsp;&nbsp; 1191665 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;South Carolina Jobs-EDA (Guaranty: International Paper Co.) AMT, Series A, 4.00% due 4/1/2033 (put 4/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 500708 |
|  | &nbsp;&nbsp;**South Dakota — 0.1%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;South Dakota Health & Educational Facilities Authority (Sanford Obligated Group), Series C, 5.00% due 11/1/2051 (put 11/1/2032) | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp;&nbsp; 1398166 |
|  | &nbsp;&nbsp;**Tennessee — 3.6%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Jackson Health Educational & Housing Facility Board (Cottages of Bluecreek LLC) (HUD), 4.00% due 4/1/2045 (put 4/1/2029) | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2023796 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;Johnson City Health & Educational Facilities Board (Ballad Health Obligated Group) (AG), Series B, 5.00% due 7/1/2033 | &nbsp;&nbsp;$3805000 | &nbsp;&nbsp;$4248518 |
|  | &nbsp;&nbsp;&nbsp;Knox County Health Educational & Housing Facility Board (BAM), Series B-1, 5.00% due 7/1/2031 - 7/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 3570000 | &nbsp;&nbsp;&nbsp;&nbsp; 3956517 |
|  | &nbsp;&nbsp;&nbsp;Knox County Health Educational & Housing Facility Board (Provident Group - UTK Properties LLC) (BAM), Series A-1, 5.00% due 7/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp; 163767 |
|  | &nbsp;&nbsp;&nbsp;Memphis-Shelby County Airport Authority AMT, Series A, 5.00% due 7/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 1695000 | &nbsp;&nbsp;&nbsp;&nbsp; 1800665 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board ((HV Land Co. LP), 3.35% due 6/1/2044 (put 12/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3001932 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board (Artist Lofts LP), 3.20% due 12/1/2059 (put 12/1/2029) | &nbsp;&nbsp;&nbsp;&nbsp; 2920000 | &nbsp;&nbsp;&nbsp;&nbsp; 2931438 |
|  | &nbsp;&nbsp;&nbsp;Shelby County Health Educational & Housing Facilities Board (Methodist Le Bonheur Healthcare), Series A, 5.00% due 5/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 1260000 | &nbsp;&nbsp;&nbsp;&nbsp; 1281411 |
|  | &nbsp;&nbsp;&nbsp;Shelby County Health Educational & Housing Facilities Board (Methodist Le Bonheur Healthcare) (AG), Series A, 5.00% due 6/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp; 7909804 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Tennergy Corp. (Guaranty: Morgan Stanley Group), Series A, 4.00% due 12/1/2051 (put 9/1/2028) | &nbsp;&nbsp;&nbsp;&nbsp;14730000 | &nbsp;&nbsp;&nbsp;&nbsp; 14919575 |
|  | &nbsp;&nbsp;&nbsp;Tennessee (FHLMC, FNMA, GNMA) (Green Bond) HDA, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 1A, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.30% due 1/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 1335000 | &nbsp;&nbsp;&nbsp;&nbsp; 1416970 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.35% due 7/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 685000 | &nbsp;&nbsp;&nbsp;&nbsp; 727186 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.40% due 1/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 460000 | &nbsp;&nbsp;&nbsp;&nbsp; 488534 |
|  | &nbsp;&nbsp;&nbsp;Tennessee (Green Bond) HDA, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2A, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.80% due 1/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 375000 | &nbsp;&nbsp;&nbsp;&nbsp; 381878 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.875% due 1/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 475000 | &nbsp;&nbsp;&nbsp;&nbsp; 484214 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.90% due 7/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 475000 | &nbsp;&nbsp;&nbsp;&nbsp; 484182 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.95% due 1/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 945000 | &nbsp;&nbsp;&nbsp;&nbsp; 964344 |
|  | &nbsp;&nbsp;&nbsp;Tennessee Energy Acquisition Corp. (Guaranty: Pacific Life Insurance Co.), Series A, 5.00% due 12/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1400000 | &nbsp;&nbsp;&nbsp;&nbsp; 1505056 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Tennessee Energy Acquisition Corp. (Tennessee Energy Acquisition Corp.; Guaranty: Goldman Sachs Group, Inc.), Series A, 5.00% due 5/1/2052 (put 11/1/2031) | &nbsp;&nbsp;&nbsp;&nbsp;24310000 | &nbsp;&nbsp;&nbsp;&nbsp; 26145381 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Williamson County (ECG Wood Duck LP) (HUD) IDB, 5.00% due 5/1/2042 (put 5/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2034922 |
|  | &nbsp;&nbsp;**Texas — 11.8%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Austin Affordable PFC, Inc. (1000 Collinwood West Drive Owner LP) (FNMA), Series B, 5.00% due 9/1/2028 (put 9/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp;&nbsp; 828220 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Bexar County Housing Finance Corp. (Culebra Road Apartments LP), 4.05% due 3/1/2028 (put 3/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2501705 |
|  | &nbsp;&nbsp;&nbsp;City of Aubrey Jackson Ridge Public Improvement District (BAM), 5.00% due 9/1/2026 - 9/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 730000 | &nbsp;&nbsp;&nbsp;&nbsp; 752378 |
|  | &nbsp;&nbsp;&nbsp;City of Austin Airport System Revenue AMT, 5.00% due 11/15/2031 - 11/15/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 3925000 | &nbsp;&nbsp;&nbsp;&nbsp; 4342867 |
|  | &nbsp;&nbsp;&nbsp;City of Austin Water & Wastewater System Revenue, 5.00% due 11/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2064012 |
|  | &nbsp;&nbsp;&nbsp;City of Conroe GO, Series B, 5.00% due 11/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 1750000 | &nbsp;&nbsp;&nbsp;&nbsp; 1854750 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;City of Dallas Housing Finance Corp. (Mondello Apartments LLC) (FHA), 5.00% due 8/1/2027 (put 8/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 1785000 | &nbsp;&nbsp;&nbsp;&nbsp; 1804399 |
|  | &nbsp;&nbsp;&nbsp;City of Galveston Wharves & Terminal Revenue AMT, Series A, 5.00% due 8/1/2032 - 8/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 6685000 | &nbsp;&nbsp;&nbsp;&nbsp; 7221649 |
|  | &nbsp;&nbsp;&nbsp;City of Houston (Public Improvements) GO, Series A, 5.00% due 3/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 2875000 | &nbsp;&nbsp;&nbsp;&nbsp; 2951837 |
|  | &nbsp;&nbsp;&nbsp;City of Houston Airport System Revenue (United Airlines, Inc.) AMT, Series B, 5.50% due 7/15/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 1450000 | &nbsp;&nbsp;&nbsp;&nbsp; 1557900 |
|  | &nbsp;&nbsp;&nbsp;City of Houston Airport System Revenue AMT, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00% due 7/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 1420000 | &nbsp;&nbsp;&nbsp;&nbsp; 1426565 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.25% due 7/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1134393 |
|  | &nbsp;&nbsp;&nbsp;City of Houston Combined Utility System Revenue, Series B, 4.00% due 11/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 1725000 | &nbsp;&nbsp;&nbsp;&nbsp; 1741234 |
|  | &nbsp;&nbsp;&nbsp;City of Hutto (AG) GO, 5.00% due 8/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 441872 |
|  | &nbsp;&nbsp;&nbsp;City of Mansfield GO, Series A, 5.00% due 2/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1123498 |
|  | &nbsp;&nbsp;&nbsp;City of Port Arthur (CTFS Obligation) (BAM) GO, 5.00% due 2/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1025000 | &nbsp;&nbsp;&nbsp;&nbsp; 1151273 |
|  | &nbsp;&nbsp;&nbsp;City of San Antonio (Public Facilities Corp.), 5.00% due 9/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2155000 | &nbsp;&nbsp;&nbsp;&nbsp; 2454597 |
|  | &nbsp;&nbsp;&nbsp;City of San Antonio Electric & Gas Systems Revenue, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.00% due 2/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2505250 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 3.20% due 2/1/2055 (put 12/1/2030) | &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp; 3525620 |
|  | &nbsp;&nbsp;&nbsp;City of Weslaco (CTFS Obligation) (BAM) GO, 5.00% due 2/15/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 458468 |
|  | &nbsp;&nbsp;&nbsp;Clifton Higher Education Finance Corp. (IDEA Public Schools) (PSF-GTD), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.00% due 8/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2029882 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 8/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1020000 | &nbsp;&nbsp;&nbsp;&nbsp; 1161511 |
|  | &nbsp;&nbsp;&nbsp;Clifton Higher Education Finance Corp. (International Leadership of Texas, Inc.) (PSF-GTD), Series A, 5.00% due 2/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 2275000 | &nbsp;&nbsp;&nbsp;&nbsp; 2553535 |
|  | &nbsp;&nbsp;&nbsp;Conroe (PSF-GTD) ISD GO, Series A, 4.00% due 2/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1050000 | &nbsp;&nbsp;&nbsp;&nbsp; 1051557 |
|  | &nbsp;&nbsp;&nbsp;County of Bexar GO, 4.00% due 6/15/2033 - 6/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 4750000 | &nbsp;&nbsp;&nbsp;&nbsp; 4806629 |
|  | &nbsp;&nbsp;&nbsp;County of Harris (Harris County Toll Road Revenue), Series B, 5.00% due 8/15/2030 - 8/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 3370000 | &nbsp;&nbsp;&nbsp;&nbsp; 3370630 |
|  | &nbsp;&nbsp;&nbsp;Fort Bend (PSF-GTD) ISD GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.80% due 8/1/2055 (put 8/1/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1025632 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00% due 8/1/2054 (put 8/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp;10000000 | &nbsp;&nbsp;&nbsp;&nbsp; 10216640 |
|  | &nbsp;&nbsp;&nbsp;Fort Stockton (PSF-GTD) ISD GO, 5.00% due 2/1/2035 - 2/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 1215000 | &nbsp;&nbsp;&nbsp;&nbsp; 1333897 |
|  | &nbsp;&nbsp;&nbsp;Franklin (PSF-GTD) ISD GO, 4.00% due 2/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2001376 |
|  | &nbsp;&nbsp;&nbsp;Frisco (PSF-GTD) ISD GO, 5.00% due 8/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1465000 | &nbsp;&nbsp;&nbsp;&nbsp; 1554756 |
|  | &nbsp;&nbsp;&nbsp;Glasscock County (PSF-GTD) ISD GO, 5.00% due 2/15/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 518515 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;Harris County Cultural Education Facilities Finance Corp. (Memorial Hermann Health System Obligated Group), |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 6/1/2050 (put 12/1/2028) | &nbsp;&nbsp;$2250000 | &nbsp;&nbsp;$2358178 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00% due 7/1/2054 (put 7/1/2029) | &nbsp;&nbsp;&nbsp;&nbsp; 650000 | &nbsp;&nbsp;&nbsp;&nbsp; 689824 |
|  | &nbsp;&nbsp;&nbsp;Harris County Cultural Education Facilities Finance Corp. (Texas Medical Center Central Heating & Cooling Services Corp.), 4.00% due 11/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp;&nbsp; 1119690 |
|  | &nbsp;&nbsp;&nbsp;Harris County-Houston Sports Authority (AG), Series B, 5.00% due 11/15/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1139917 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Houston Housing Finance Corp. (Cordova Apartments), 3.65% due 2/1/2048 (put 2/1/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 2700000 | &nbsp;&nbsp;&nbsp;&nbsp; 2726568 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Houston Housing Finance Corp. (Summerdale Apartments LP), 5.00% due 8/1/2041 (put 8/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 3650000 | &nbsp;&nbsp;&nbsp;&nbsp; 3693873 |
|  | &nbsp;&nbsp;&nbsp;Hutto (PSF-GTD) ISD GO, Series C, 4.00% due 8/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1245000 | &nbsp;&nbsp;&nbsp;&nbsp; 1320255 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Jacksboro (PSF-GTD) ISD GO, 4.00% due 2/15/2048 (put 8/15/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2584712 |
|  | &nbsp;&nbsp;&nbsp;Laredo College District Combined Fee Revenue (BAM), 4.00% due 8/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1180000 | &nbsp;&nbsp;&nbsp;&nbsp; 1199820 |
|  | &nbsp;&nbsp;&nbsp;Lovejoy (PSF-GTD) ISD GO, 5.00% due 2/15/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp;&nbsp; 815243 |
|  | &nbsp;&nbsp;&nbsp;Lower Colorado River Authority (LCRA Transmission Services Corp.), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 5/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp;&nbsp; 765105 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 5/15/2031 - 5/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 900000 | &nbsp;&nbsp;&nbsp;&nbsp; 1007503 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.25% due 5/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp; 397485 |
|  | &nbsp;&nbsp;&nbsp;Medina Valley (PSF-GTD) ISD GO, 5.00% due 2/15/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 1410000 | &nbsp;&nbsp;&nbsp;&nbsp; 1624193 |
|  | &nbsp;&nbsp;&nbsp;Memorial City Redevelopment Authority (Houston Reinvestment Zone No. 17) (AG), 5.00% due 9/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 460319 |
|  | &nbsp;&nbsp;&nbsp;New Hope Cultural Education Facilities Finance Corp. (Bella Vida Forefront Living Obligated Group), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025B-2, 4.625% due 10/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2008620 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025B-3, 4.25% due 10/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1008421 |
|  | &nbsp;&nbsp;&nbsp;New Hope Cultural Education Facilities Finance Corp. (Brazos Presbyterian Homes Obligated Group), 5.25% due 1/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2180554 |
|  | &nbsp;&nbsp;&nbsp;Newark Higher Education Finance Corp. (Abilene Christian University), Series A, 4.00% due 4/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1760000 | &nbsp;&nbsp;&nbsp;&nbsp; 1762036 |
|  | &nbsp;&nbsp;&nbsp;North East (PSF-GTD) ISD GO, |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;3.75% due 8/1/2049 (put 8/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 5030000 | &nbsp;&nbsp;&nbsp;&nbsp; 5097985 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.00% due 8/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1524426 |
|  | &nbsp;&nbsp;&nbsp;North Texas Tollway Authority (North Texas Tollway System), Series B, 4.00% due 1/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 515673 |
|  | &nbsp;&nbsp;&nbsp;Northside (PSF-GTD) ISD GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.00% due 6/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1506401 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 3.45% due 8/1/2054 (put 8/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 2465000 | &nbsp;&nbsp;&nbsp;&nbsp; 2481762 |
|  | &nbsp;&nbsp;&nbsp;Prosper (PSF-GTD) ISD GO, 5.00% due 2/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1122951 |
|  | &nbsp;&nbsp;&nbsp;San Antonio (PSF-GTD) ISD GO, 5.00% due 8/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 2080000 | &nbsp;&nbsp;&nbsp;&nbsp; 2353664 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;San Antonio Housing Trust Public Facility Corp. (Palladium San Antonio Ltd.), 3.45% due 7/1/2029 (put 7/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2012288 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;San Antonio Municipal Facilities Corp. (City of San Antonio), 5.00% due 8/1/2050 (put 8/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 3800000 | &nbsp;&nbsp;&nbsp;&nbsp; 3946175 |
|  | &nbsp;&nbsp;&nbsp;Southwest (PSF-GTD) ISD GO, 5.00% due 2/1/2032 - 2/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 2600000 | &nbsp;&nbsp;&nbsp;&nbsp; 2927420 |
|  | &nbsp;&nbsp;&nbsp;Tarrant County Cultural Education Facilities Finance Corp. (Christus Health Obligated Group), |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 7/1/2053 (put 7/1/2032) | &nbsp;&nbsp;&nbsp;&nbsp; 5520000 | &nbsp;&nbsp;&nbsp;&nbsp; 5996332 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 7/1/2032 - 7/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp;10990000 | &nbsp;&nbsp;&nbsp;&nbsp; 11529306 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Tarrant County Housing Finance Corp. (4450 Marine Creek Parkway Owner LP), Series B, 5.00% due 9/1/2028 (put 9/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1033689 |
|  | &nbsp;&nbsp;&nbsp;Texas Department of Housing & Community Affairs (GNMA), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.30% due 1/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 1420000 | &nbsp;&nbsp;&nbsp;&nbsp; 1489293 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.35% due 7/1/2034 - 1/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1475000 | &nbsp;&nbsp;&nbsp;&nbsp; 1546089 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375% due 7/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 715000 | &nbsp;&nbsp;&nbsp;&nbsp; 746930 |
|  | &nbsp;&nbsp;&nbsp;Texas Municipal Gas Acquisition & Supply Corp. III (Guaranty: Macquarie Group Ltd.), 5.00% due 12/15/2028 - 12/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp;67280000 | &nbsp;&nbsp;&nbsp;&nbsp; 72132847 |
|  | &nbsp;&nbsp;&nbsp;Texas Municipal Gas Acquisition & Supply Corp. VI (Guaranty: Bank of America Corp.), 5.00% due 1/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 4350000 | &nbsp;&nbsp;&nbsp;&nbsp; 4651307 |
|  | &nbsp;&nbsp;&nbsp;Texas Public Finance Authority (Texas Southern University) (BAM), 5.00% due 5/1/2032 - 5/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1700000 | &nbsp;&nbsp;&nbsp;&nbsp; 1915927 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Texas State Affordable Housing Corp. (FC Juniper Creek Housing LP), 3.75% due 7/1/2044 (put 7/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2005700 |
|  | &nbsp;&nbsp;&nbsp;Texas State Technical College (AG), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 8/1/2031 - 8/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 4250000 | &nbsp;&nbsp;&nbsp;&nbsp; 4735762 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.25% due 8/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 2300000 | &nbsp;&nbsp;&nbsp;&nbsp; 2601160 |
|  | &nbsp;&nbsp;&nbsp;Texas Water Development Board (State Water Implementation Revenue Fund for Texas), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.00% due 10/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 2925000 | &nbsp;&nbsp;&nbsp;&nbsp; 2942418 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 4.00% due 10/15/2034 - 10/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp;&nbsp; 6097801 |
|  | &nbsp;&nbsp;&nbsp;Texas Woman's University, Series A, 5.00% due 7/1/2031 - 7/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 4275000 | &nbsp;&nbsp;&nbsp;&nbsp; 4830646 |
|  | &nbsp;&nbsp;**Utah — 0.4%** |  |  |
|  | &nbsp;&nbsp;&nbsp;City of Salt Lake City Airport Revenue AMT, Series A, 5.00% due 7/1/2033 - 7/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 4450000 | &nbsp;&nbsp;&nbsp;&nbsp; 4832577 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Utah Housing Corp., 3.70% due 8/1/2043 (put 8/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 1950000 | &nbsp;&nbsp;&nbsp;&nbsp; 1958732 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Utah Housing Corp. (Liberty Corner Associates LLC), 3.00% due 9/1/2045 (put 9/1/2029) | &nbsp;&nbsp;&nbsp;&nbsp; 590000 | &nbsp;&nbsp;&nbsp;&nbsp; 585392 |
|  | &nbsp;&nbsp;&nbsp;Utah Telecommunication Open Infrastructure Agency, 5.25% due 6/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 569937 |
|  | &nbsp;&nbsp;**Virginia — 1.1%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Arlington County IDA, 3.10% due 12/1/2055 (put 2/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp;&nbsp; 1249894 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Fairfax County Redevelopment & Housing Authority (Apah Tysons North Four LP), 5.00% due 1/1/2045 (put 1/1/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2068382 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Halifax County (Virginia Electric & Power Co.) IDA, Series A, 3.80% due 12/1/2041 (put 5/28/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 8350000 | &nbsp;&nbsp;&nbsp;&nbsp; 8447561 |

---

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SCHEDULE OF INVESTMENTS, Continued

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| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2025 (Unaudited)* |

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------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Harrisonburg Redevelopment & Housing Authority, 4.00% due 12/1/2028 (put 12/1/2026) | &nbsp;&nbsp;$1615000 | &nbsp;&nbsp;$1632919 |
|  | &nbsp;&nbsp;&nbsp;Virginia Commonwealth Transportation Board, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.00% due 5/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2509710 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 9/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2077122 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 4.00% due 5/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2037746 |
|  | &nbsp;&nbsp;&nbsp;Virginia Small Business Financing Authority (National Senior Campuses, Inc. Obligated Group), Series A, 5.00% due 1/1/2029 - 1/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2640000 | &nbsp;&nbsp;&nbsp;&nbsp; 2785190 |
|  | &nbsp;&nbsp;**Washington — 1.6%** |  |  |
|  | &nbsp;&nbsp;&nbsp;City of Seattle GO, 4.00% due 12/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1000517 |
|  | &nbsp;&nbsp;&nbsp;Clark County Public Utility District No. 1, 5.00% due 1/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 523083 |
|  | &nbsp;&nbsp;&nbsp;County of Spokane Airport Revenue AMT, Series B, 5.00% due 1/1/2032 - 1/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 7650000 | &nbsp;&nbsp;&nbsp;&nbsp; 8441119 |
|  | &nbsp;&nbsp;&nbsp;King County School District No. 414 (School Bond Guaranteed) GO, 4.00% due 12/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2008466 |
|  | &nbsp;&nbsp;&nbsp;Port of Seattle AMT, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 7/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4457448 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00% due 5/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1522173 |
|  | &nbsp;&nbsp;&nbsp;State of Washington COP, Series B, 5.00% due 7/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 650000 | &nbsp;&nbsp;&nbsp;&nbsp; 683128 |
|  | &nbsp;&nbsp;&nbsp;Vancouver Housing Authority, 4.00% due 8/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2497630 |
|  | &nbsp;&nbsp;&nbsp;Washington Health Care Facilities Authority (CommonSpirit Health Obligated Group), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A1, 5.00% due 8/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 780000 | &nbsp;&nbsp;&nbsp;&nbsp; 820822 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series B-3, 5.00% due 8/1/2049 (put 8/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 940000 | &nbsp;&nbsp;&nbsp;&nbsp; 941372 |
|  | &nbsp;&nbsp;&nbsp;Washington Health Care Facilities Authority (Providence St. Joseph Health Obligated Group), Series B, 5.00% due 10/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2611177 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Washington State Housing Finance Commission (Ardea Twg LLLP), 5.00% due 12/1/2043 (put 2/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1511922 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Washington State Housing Finance Commission (Camas Flats Oak Harbor 1 LLLP), Series B, 5.00% due 2/1/2028 (put 2/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1022603 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;Washington State Housing Finance Commission (Josephine Caring Community Obligated Group), Series A, 5.125% due 7/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2968932 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;Washington State Housing Finance Commission (Seattle Academy of Arts & Sciences), 5.125% due 7/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 735000 | &nbsp;&nbsp;&nbsp;&nbsp; 787314 |
|  | &nbsp;&nbsp;&nbsp;Washington State Housing Finance Commission (SRMAHMILL LLC) (FNMA), 4.15% due 7/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 1400000 | &nbsp;&nbsp;&nbsp;&nbsp; 1473179 |
|  | &nbsp;&nbsp;**West Virginia — 0.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;County of Ohio Special District Excise Tax Revenue (Fort Henry Economic Opportunity Development District Excise Tax Revenue) (AG), Series A, 5.00% due 6/1/2035 - 6/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 1075000 | &nbsp;&nbsp;&nbsp;&nbsp; 1193593 |
|  | &nbsp;&nbsp;**Wisconsin — 1.9%** |  |  |
|  | &nbsp;&nbsp;&nbsp;City of Milwaukee (AG) GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 4/1/2032 - 4/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 4845000 | &nbsp;&nbsp;&nbsp;&nbsp; 5449950 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series N3, 5.00% due 4/1/2031 - 4/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 6550000 | &nbsp;&nbsp;&nbsp;&nbsp; 7262841 |
|  | &nbsp;&nbsp;&nbsp;County of Waushara GO, Series A, 4.50% due 6/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 1260000 | &nbsp;&nbsp;&nbsp;&nbsp; 1261361 |
|  | &nbsp;&nbsp;&nbsp;Peshtigo School District, 4.75% due 3/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2002674 |
|  | &nbsp;&nbsp;&nbsp;Public Finance Authority (Duke Energy Progress LLC), |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, 3.30% due 10/1/2046 (put 10/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 3005000 | &nbsp;&nbsp;&nbsp;&nbsp; 3008762 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series A-2, 3.70% due 10/1/2046 (put 10/1/2030) | &nbsp;&nbsp;&nbsp;&nbsp; 1435000 | &nbsp;&nbsp;&nbsp;&nbsp; 1443515 |
|  | &nbsp;&nbsp;&nbsp;Public Finance Authority (Providence St. Joseph Health Obligated Group), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C, |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00% due 10/1/2041 (pre-refunded 10/1/2030) | &nbsp;&nbsp;&nbsp;&nbsp; 1600000 | &nbsp;&nbsp;&nbsp;&nbsp; 1709157 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00% due 10/1/2041 (put 10/1/2030) | &nbsp;&nbsp;&nbsp;&nbsp; 2450000 | &nbsp;&nbsp;&nbsp;&nbsp; 2526146 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Public Finance Authority (St. John's College), 3.00% due 10/1/2045 (put 10/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 1495000 | &nbsp;&nbsp;&nbsp;&nbsp; 1488081 |
|  | &nbsp;&nbsp;&nbsp;Public Finance Authority (United Methodist Retirement Homes, Inc. Obligated Group), Series A, 4.00% due 10/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 420000 | &nbsp;&nbsp;&nbsp;&nbsp; 421342 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Wisconsin Health & Educational Facilities Authority (Advocate Aurora Health Obligated Group), Series B1, 5.00% due 8/15/2054 (put 7/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 375000 | &nbsp;&nbsp;&nbsp;&nbsp; 378664 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Wisconsin Health & Educational Facilities Authority (Fort Healthcare, Inc. Obligated Group), Series B, 5.00% due 10/1/2054 (put 10/3/2034) | &nbsp;&nbsp;&nbsp;&nbsp; 5470000 | &nbsp;&nbsp;&nbsp;&nbsp; 6114519 |
|  | &nbsp;&nbsp;&nbsp;Wisconsin Health & Educational Facilities Authority (Hospital Sisters Services Obligated Group), Series A, 5.00% due 8/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1154446 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Wisconsin Housing & EDA (East Washington Apartments LLC), Series I, 5.00% due 11/1/2058 (put 2/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 2250000 | &nbsp;&nbsp;&nbsp;&nbsp; 2300857 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Wisconsin Housing & EDA (Flats at Bishops Woods LP), Series F, 5.00% due 12/1/2027 (put 12/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1019144 |
|  | &nbsp;&nbsp;&nbsp;Wisconsin Housing & EDA Home Ownership Revenue (FHLMC, FNMA, GNMA) (Green Bond), Series B, 3.90% due 9/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1815000 | &nbsp;&nbsp;&nbsp;&nbsp; 1873240 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Wisconsin Housing & EDA Housing Revenue (HUD), Series B, 3.75% due 5/1/2054 (put 11/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 1045000 | &nbsp;&nbsp;&nbsp;&nbsp; 1044998 |
|  | &nbsp;&nbsp;&nbsp;Total Long-Term Municipal Bonds — 95.6% (Cost $1,961,769,178) |  | &nbsp;&nbsp;&nbsp;&nbsp;2024032828 |
|  | **Short-Term Municipal Bonds — 3.4%** |  |  |
|  | &nbsp;&nbsp;**Florida — 0.0%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Hillsborough County (BayCare Obligated Group; LOC TD Bank NA) IDA, Series D, 2.50% due 11/15/2042 (put 1/2/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 1075000 | &nbsp;&nbsp;&nbsp;&nbsp; 1075000 |
|  | &nbsp;&nbsp;**Indiana — 0.6%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Indiana Finance Authority (Franciscan Alliance, Inc. Obligated Group; LOC Barclays Bank plc), Series J, 2.50% due 11/1/2037 (put 1/2/2026) | &nbsp;&nbsp;&nbsp;&nbsp;11980000 | &nbsp;&nbsp;&nbsp;&nbsp; 11980000 |
|  | &nbsp;&nbsp;**New York — 2.3%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;City of New York (SPA Barclays Bank plc) GO, Series F-5, 2.50% due 6/1/2044 (put 1/2/2026) | &nbsp;&nbsp;&nbsp;&nbsp;16310000 | &nbsp;&nbsp;&nbsp;&nbsp; 16310000 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;New York City Municipal Water Finance Authority (New York City Water & Sewer System; SPA JP Morgan Chase Bank NA), Series AA-2, 2.50% due 6/15/2050 (put 1/2/2026) | &nbsp;&nbsp;&nbsp;&nbsp;28540000 | &nbsp;&nbsp;&nbsp;&nbsp; 28540000 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;New York City Transitional Finance Authority Future Tax Secured Revenue (SPA JP Morgan Chase Bank NA), Series E-3, 2.50% due 2/1/2045 (put 1/2/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 4535000 | &nbsp;&nbsp;&nbsp;&nbsp; 4535000 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;**Texas — 0.5%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Port of Port Arthur Navigation District (Motiva Enterprises LLC), 2.57% due 4/1/2040 (put 1/2/2026) | &nbsp;&nbsp;$10500000 | &nbsp;&nbsp;$10500000 |
|  | &nbsp;&nbsp;&nbsp;Total Short-Term Municipal Bonds — 3.4% (Cost $72,940,000) |  | &nbsp;&nbsp;&nbsp;&nbsp; 72940000 |
|  | **Total Investments — 99.0% (Cost $2,034,709,178)** |  | &nbsp;&nbsp;$2096972828 |
|  | **Other Assets Less Liabilities — 1.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20357006 |
|  | **Net Assets — 100.0%** |  | &nbsp;&nbsp;$2117329834 |

---

---

| | |
|:---|:---|
| **Footnote Legend** | **Footnote Legend** |
| a | Variable, floating, step, or fixed to floating rate securities are securities for which interest rate changes are based on changes in a designated base rate or on a predetermined schedule. The rates shown are those in effect on December 31, 2025. |
| b | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are restricted but liquid and may only be resold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. As of December 31, 2025, the aggregate value of these securities in the Fund's portfolio was $14,254,959, representing 0.67% of the Fund's net assets. |

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#### Portfolio Abbreviations<br> To simplify the listings of securities, abbreviations are used per the table below:

---

| | |
|:---|:---|
| AG | Insured by Assured Guaranty, Inc. |
| AMT | Alternative Minimum Tax |
| BAM | Insured by Build America Mutual Insurance Co. |
| COP | Certificates of Participation |
| DFA | Development Finance Authority/Agency |
| EDA | Economic Development Authority |
| EDFA | Economic Development Financing Authority |
| ETM | Escrowed to Maturity |
| FHA | Insured by Federal Housing Administration |
| FHLMC | Collateralized by Federal Home Loan Mortgage Corp. |
| FNMA | Collateralized by Federal National Mortgage Association |
| GNMA | Collateralized by Government National Mortgage Association |
| GO | General Obligation |
| GRT | Gross Receipts Tax |
| HDA | Housing Development Authority |
| HFA | Health Facilities Authority |

---

---

| | |
|:---|:---|
| HFFA | Health Facilities Financing Authority |
| HUD | Insured by Housing and Urban Development |
| IDA | Industrial Development Authority/Agency |
| IDB | Industrial Development Board |
| ISD | Independent School District |
| JEA | Jacksonville Electric Authority |
| LOC | Letter of Credit |
| Mtg | Mortgage |
| MUNIPSA | Securities Industry and Financial Markets Association (SIFMA) Municipal Swap Index |
| NMFA | New Mexico Finance Authority |
| NPFG | Insured by National Public Finance Guarantee Corp. |
| PSF-GTD | Guaranteed by Permanent School Fund |
| SONYMA | State of New York Mortgage Agency |
| SPA | Stand-by Purchase Agreement |
| USD | Unified School District |

---

------

NOTES TO SCHEDULE OF INVESTMENTS

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2025 (Unaudited)* |

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------

#### NOTE 1 – ORGANIZATION
Thornburg Limited Term Municipal Fund (the "Fund") is a diversified series of Thornburg Investment Trust (the "Trust"). The Trust is organized as a Massachusetts business trust under a Declaration of Trust dated June 3, 1987, and is registered as a diversified, open-end management investment company under the Investment Company Act of 1940, as amended (the "1940 Act"). The Fund is currently one of twenty-six separate series of the Trust. Each series is considered to be a separate entity for financial reporting and tax purposes. The Fund currently offers four classes of shares of beneficial interest: Class A, Class C, Class C2 and Institutional Class ("Class I").

#### NOTE 2 – SECURITY VALUATION
Valuation of the Fund's portfolio investment securities is performed by Thornburg Investment Management, Inc., the Trust's investment advisor (the "Advisor"), which has been designated by the Trustees of the Trust (the "Trustees") as the Fund's "valuation designee," as that term is defined in rule 2a-5 under the 1940 Act. The Advisor performs this valuation function under the supervision of the Trustees and in accordance with policies and procedures that have been adopted by the Advisor and approved by the Trustees (the "Valuation Policy and Procedures").

In its capacity as the Fund's valuation designee, the Advisor makes good faith determinations of the fair value of portfolio securities for which market quotations are not readily available, and otherwise complies with and administers the Valuation Policy and Procedures. The Advisor performs those functions in significant measure through its Valuation and Pricing Committee (the "Committee"), though the Advisor may also obtain the assistance of others, including professional pricing service providers selected and approved by the Committee. In accordance with the Valuation Policy and Procedures, the Committee: assesses and manages the material risks associated with determining the fair value of those Fund investments for which market quotations are not readily available; selects and applies methodologies for determining and calculating such fair values; periodically reviews and tests the appropriateness and accuracy of those methodologies; monitors for circumstances that may necessitate the use of fair value; and approves, monitors, and evaluates pricing services engaged to provide evaluated prices for the Fund's investments. The Committee provides reports on its activities to the Trustees' Audit Committee, which is responsible for overseeing the Committee's and the Advisor's work in discharging the functions under the Valuation Policy and Procedures.

In those instances when the Committee assists in calculating a fair value for a portfolio investment, the Committee seeks to determine the price that the Fund would reasonably expect to receive upon a sale of the investment in an orderly transaction between market participants on the valuation date. The Committee customarily utilizes quotations from securities broker dealers in calculating valuations, but also may utilize prices obtained from pricing service providers or other methods selected by the Committee. Because fair values calculated by the Committee are estimates, the calculation of a fair value for an investment may differ from the price that would be realized by the Fund upon a sale of the investment, and the difference could be material to the Fund's financial statements. The Committee's calculation of a fair value for an investment may also differ from the prices obtained by other persons (including other mutual funds) for the investment.

<u>Valuation of Securities:</u> Debt obligations held by the Fund which are not listed or traded on exchanges or for which no reported market exists are ordinarily valued at the valuation obtained from a pricing service provider approved by the Committee.

In any case when a pricing service provider fails to provide a valuation for a debt obligation held by the Fund, the Committee may calculate a fair value for the obligation using alternative methods selected and approved by the Committee. Additionally, in cases when the Committee believes that a valuation obtained from a pricing service provider is stale, does not reflect material factors affecting the valuation of the investment, is significantly different than the value the Fund is likely to obtain if it sought a bid for the investment, or is otherwise unreliable, the Committee may calculate a fair value for the obligation using an alternative method selected and approved by the Committee.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** THORNBURG INVESTMENT TRUST

- **b. Investment Company Act file number:** 811-05201

- **c. CIK number of Registrant:** 0000816153

- **d. LEI of Registrant:** 5493001XM52H8S4WYY82

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

  - **Street Address 1:** 2300 NORTH RIDGETOP ROAD

  - **City:** SANTA FE

  - **State:** NM

  - **Foreign country:** US

  - **Zip / Postal Code:** 87506-8361

  - **Telephone number:** 505-984-0200

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

- **a. Name of Series:** Thornburg Limited Term Municipal Fund

- **b. EDGAR series identifier (if any):** S000000540

- **c. LEI of Series:** 54930020DO8TQEMPJO87

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2126818494.63

**Total Liabilities:** $7877346.97

**Net Assets:** $2118941147.66

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -9469.15000000 | **1-Year:** -122735.71000000 | **5-Year:** -386630.55000000 | **10-Year:** -231868.06000000 | **30-Year:** -6813.39000000

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

- **3-Month:** -172.97000000 | **1-Year:** -1344.74000000 | **5-Year:** -5250.29000000 | **10-Year:** -5587.65000000 | **30-Year:** -465.04000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000001427 | 0.27%                | 0.19%                | 0.19%                |
| Class ID C000001438 | 0.24%                | 0.17%                | 0.16%                |
| Class ID C000001449 | 0.29%                | 0.21%                | 0.21%                |
| Class ID C000222321 | 0.23%                | 0.16%                | 0.15%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $443841.72               | $-487974.92                                |
| Month 2  | $208559.35               | $-1744108.95                               |
| Month 3  | $78606.48                | $-1499277.81                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Akron Bath Copley Joint Township Hospital District                               | AKRON BATH COPLEY JT TWP OH HOSP DIST                        | CUSIP: 009730PJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $575798.63    | 0.03%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Akron Bath Copley Joint Township Hospital District                               | AKRON BATH COPLEY JT TWP OH HOSP DIST                        | CUSIP: 009730PL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $598001.40    | 0.03%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Akron Bath Copley Joint Township Hospital District                               | AKRON BATH COPLEY JT TWP OH HOSP DIST                        | CUSIP: 009730PM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $410867.25    | 0.02%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Akron Bath Copley Joint Township Hospital District                               | AKRON BATH COPLEY JT TWP OH HOSP DIST                        | CUSIP: 009730PN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $780833.90    | 0.04%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Akron Bath Copley Joint Township Hospital District                               | AKRON BATH COPLEY JT TWP OH HOSP DIST                        | CUSIP: 009730PP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $446190.80    | 0.02%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama State University                                                         | ALABAMA ST UNIV REVENUE                                      | CUSIP: 010632QG5<br>LEI: 549300JCR3DWTI08FS98 | Long             | DBT              | MUN               | US        |    600000 | PA      | $679089.00    | 0.03%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alachua County Health Facilities Authority                                       | ALACHUA CNTY FL HLTH FACS AUTH CCRC                          | CUSIP: 010684BN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $736172.33    | 0.03%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Albuquerque Bernalillo County Water Utility Authority                            | ALBUQUERQUE BERNALILLO CNTY NM WTR UTILITY AUTH JT WTR & SWR | CUSIP: 013493FQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003408.00   | 0.09%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Albuquerque Bernalillo County Water Utility Authority                            | ALBUQUERQUE BERNALILLO CNTY NM WTR UTILITY AUTH JT WTR & SWR | CUSIP: 013493HN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1620840.38   | 0.08%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Albuquerque NM                                                           | ALBUQUERQUE NM                                               | CUSIP: 0135185M3<br>LEI: 549300MV7H0GASZUCG39 | Long             | DBT              | MUN               | US        |    870000 | PA      | $880014.57    | 0.04%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Albuquerque Municipal School District No 12                                      | ALBUQUERQUE NM MUNI SCH DIST #12                             | CUSIP: 013595US0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $557687.90    | 0.03%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | ALLEGHENY CNTY PA HOSP DEV AUTH                              | CUSIP: 01728A4R4<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   2520000 | PA      | $2675967.84   | 0.13%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                               | ALLEGHENY CNTY PA ARPT AUTH ARPT REVENUE                     | CUSIP: 01728LKM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3922338.00   | 0.19%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Allen OH Hospital Facilities Revenue                                   | ALLEN CNTY OH HOSP FACS REVENUE                              | CUSIP: 01757LGZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3765000 | PA      | $3880664.57   | 0.18%             | 2049-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Allen OH Hospital Facilities Revenue                                   | ALLEN CNTY OH HOSP FACS REVENUE                              | CUSIP: 01757LHA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6590000 | PA      | $7057422.11   | 0.33%             | 2051-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown City School District                                                   | ALLENTOWN PA CITY SCH DIST                                   | CUSIP: 018411UC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $4009207.50   | 0.19%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                              | ARIZONA ST HLTH FACS AUTH                                    | CUSIP: 040507QT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3235000 | PA      | $3205587.38   | 0.15%             | 2046-01-01      | Floating      | 3.57%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH MF HSG REVENUE                      | CUSIP: 04062PCA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1223443.04   | 0.06%             | 2045-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH MF HSG REVENUE                      | CUSIP: 04062PCC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3244313.60   | 0.15%             | 2058-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington County Industrial Development Authority                                | ARLINGTON CNTY VA INDL DEV AUTH MF REVENUE                   | CUSIP: 04144PDY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1249893.75   | 0.06%             | 2055-12-01      | Floating      | 3.10%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                        | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780M2S7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1110585.00   | 0.05%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Airport Passenger Facility Charge                             | ATLANTA GA ARPT PASSENGER FAC CHARGE REVENUE                 | CUSIP: 04780TDJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3549868.00   | 0.17%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Airport Passenger Facility Charge                             | ATLANTA GA ARPT PASSENGER FAC CHARGE REVENUE                 | CUSIP: 04780TDK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6475000 | PA      | $6525239.53   | 0.31%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Urban Residential Finance Authority                                      | ATLANTA GA URBAN RSDL FIN AUTH MF HSG REVENUE                | CUSIP: 04785VCG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4625000 | PA      | $4626914.75   | 0.22%             | 2030-02-01      | Floating      | 3.20%                 | No            |                  2 | On Loan: No      |
| City of Aubrey TX                                                                | AUBREY TX SPL ASSMNT                                         | CUSIP: 050197AU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $222708.20    | 0.01%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Aubrey TX                                                                | AUBREY TX SPL ASSMNT                                         | CUSIP: 050197AV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $309244.50    | 0.01%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Aubrey TX                                                                | AUBREY TX SPL ASSMNT                                         | CUSIP: 050197AW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $220424.61    | 0.01%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Affordable Pfc Inc                                                        | AUSTIN TX AFFORDABLE PUBLIC FACILITY CORP INC MF HSG REVENUE | CUSIP: 05217TAU8<br>LEI: 529900LKLIWOHOEBOF89 | Long             | DBT              | MUN               | US        |    800000 | PA      | $828220.00    | 0.04%             | 2028-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Airport System Revenue                                         | AUSTIN TX ARPT SYS REVENUE                                   | CUSIP: 052398HL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1087336.00   | 0.05%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Airport System Revenue                                         | AUSTIN TX ARPT SYS REVENUE                                   | CUSIP: 052398JD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $712925.20    | 0.03%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Airport System Revenue                                         | AUSTIN TX ARPT SYS REVENUE                                   | CUSIP: 052398JJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2275000 | PA      | $2542605.98   | 0.12%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                              | AUSTIN TX WTR & WSTWTR SYS REVENUE                           | CUSIP: 0524762U1<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2064012.00   | 0.10%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bartow County Development Authority                                              | BARTOW CNTY GA DEV AUTH                                      | CUSIP: 069643BN3<br>LEI: 5493006KLI0V8YELKW50 | Long             | DBT              | MUN               | US        |   3060000 | PA      | $3109259.88   | 0.15%             | 2032-12-01      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                          | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024XU1<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3962480.00   | 0.19%             | 2056-04-01      | Floating      | 3.73%                 | No            |                  2 | On Loan: No      |
| County of Bexar TX                                                               | BEXAR CNTY TX                                                | CUSIP: 088281A59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2759801.00   | 0.13%             | 2033-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Bexar TX                                                               | BEXAR CNTY TX                                                | CUSIP: 088281L24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2046828.00   | 0.10%             | 2035-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bexar County Housing Finance Corp                                                | BEXAR CNTY TX HSG FIN CORP                                   | CUSIP: 088379ZF2<br>LEI: 549300PNUZ5DCWVF3E76 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2501705.00   | 0.12%             | 2028-03-01      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE               | CUSIP: 09182NCB4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12121200.00  | 0.57%             | 2052-07-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE               | CUSIP: 09182NCS7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1860519.50   | 0.09%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE               | CUSIP: 09182NCT5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4298408.00   | 0.20%             | 2053-12-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TBL0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1819966.75   | 0.09%             | 2053-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TBT3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   4825000 | PA      | $5060151.20   | 0.24%             | 2053-11-01      | Floating      | 5.50%                 | 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        |  13240000 | PA      | $13967048.12  | 0.66%             | 2053-02-01      | Floating      | 5.25%                 | 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        |   5000000 | PA      | $5023555.00   | 0.24%             | 2027-08-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Boone Mchenry & Dekalb Counties Community Unit School District 100               | BOONE MCHENRY & DEKALB CNTYS IL CMNTY UNIT SCH DIST #100     | CUSIP: 099032HT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $195110.48    | 0.01%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boone Mchenry & Dekalb Counties Community Unit School District 100               | BOONE MCHENRY & DEKALB CNTYS IL CMNTY UNIT SCH DIST #100     | CUSIP: 099032HU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $675644.40    | 0.03%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boone Mchenry & Dekalb Counties Community Unit School District 100               | BOONE MCHENRY & DEKALB CNTYS IL CMNTY UNIT SCH DIST #100     | CUSIP: 099032HV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $511876.80    | 0.02%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boone Mchenry & Dekalb Counties Community Unit School District 100               | BOONE MCHENRY & DEKALB CNTYS IL CMNTY UNIT SCH DIST #100     | CUSIP: 099032HW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1309348.72   | 0.06%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boulder Valley School District No Re-2 Boulder                                   | BOULDER VLY CO SCH DIST #RE-2 BOULDER                        | CUSIP: 101547VH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1535184.00   | 0.07%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                      | BROWARD CNTY FL ARPT SYS REVENUE                             | CUSIP: 114894YH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1584198.00   | 0.07%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                             | BROWARD CNTY FL SCH BRD COPS                                 | CUSIP: 115065ZA5<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |   2345000 | PA      | $2364200.86   | 0.11%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Port Facilities Revenue                                     | BROWARD CNTY FL PORT FACS REVENUE                            | CUSIP: 11506KFC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1925000 | PA      | $2012943.63   | 0.09%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Port Facilities Revenue                                     | BROWARD CNTY FL PORT FACS REVENUE                            | CUSIP: 11506KFD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039776.00   | 0.05%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                        | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                  | CUSIP: 121342NR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2029656.00   | 0.10%             | 2040-01-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                        | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                  | CUSIP: 121342QC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1096883.38   | 0.05%             | 2032-10-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                        | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                  | CUSIP: 121342QG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2103242.40   | 0.10%             | 2032-10-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| City of Burlington KS                                                            | BURLINGTON KS ENVRN IMPT REVENUE                             | CUSIP: 121822BE9<br>LEI: 549300TTCJ3UTB6QDT32 | Long             | DBT              | MUN               | US        |   7760000 | PA      | $7778367.92   | 0.37%             | 2045-03-01      | Floating      | 4.30%                 | No            |                  2 | On Loan: No      |
| Caddo County Educational Facilities Authority                                    | CADDO CNTY OK EDUCTNL FACS AUTH EDUCTNL FACS LEASE REVENUE   | CUSIP: 127218DP7<br>LEI: 5493002KIL3BLNPQ1H28 | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1240398.83   | 0.06%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Caddo County Educational Facilities Authority                                    | CADDO CNTY OK EDUCTNL FACS AUTH EDUCTNL FACS LEASE REVENUE   | CUSIP: 127218DT9<br>LEI: 5493002KIL3BLNPQ1H28 | Long             | DBT              | MUN               | US        |    460000 | PA      | $495898.40    | 0.02%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Caddo County Educational Facilities Authority                                    | CADDO CNTY OK EDUCTNL FACS AUTH EDUCTNL FACS LEASE REVENUE   | CUSIP: 127218DU6<br>LEI: 5493002KIL3BLNPQ1H28 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1151068.84   | 0.05%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Caddo County Educational Facilities Authority                                    | CADDO CNTY OK EDUCTNL FACS AUTH EDUCTNL FACS LEASE REVENUE   | CUSIP: 127218DW2<br>LEI: 5493002KIL3BLNPQ1H28 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1096967.00   | 0.05%             | 2034-09-01      | 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        |  13175000 | PA      | $13352875.68  | 0.63%             | 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        |  16955000 | PA      | $17992069.53  | 0.85%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JDB9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   8285000 | PA      | $8776863.88   | 0.41%             | 2054-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JHD1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2109664.00   | 0.10%             | 2055-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032U4R6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2170000 | PA      | $2577380.61   | 0.12%             | 2050-10-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UFJ2<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1584598.05   | 0.07%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UUP1<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026988.00   | 0.05%             | 2039-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UVZ8<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    510000 | PA      | $533507.43    | 0.03%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UWA2<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    540000 | PA      | $575470.44    | 0.03%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UWB0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $2059968.60   | 0.10%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH MF HSG REVENUE                   | CUSIP: 130483GU8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2039714.00   | 0.10%             | 2034-11-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE             | CUSIP: 13048RAF4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002126.00   | 0.09%             | 2044-12-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE             | CUSIP: 13048RAH0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    750000 | PA      | $749679.00    | 0.04%             | 2045-10-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE             | CUSIP: 13048RAJ6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996780.00    | 0.05%             | 2041-07-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE             | CUSIP: 13048RAL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000117.00   | 0.05%             | 2041-10-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE             | CUSIP: 13048RAN7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000420.00   | 0.05%             | 2041-11-01      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE             | CUSIP: 13048RAR8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2498942.50   | 0.12%             | 2046-11-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH STUDENT HSG REVENUE              | CUSIP: 13049YCQ2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2905000 | PA      | $3026048.45   | 0.14%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                 | CALIFORNIA ST POLL CONTROL FIN AUTH SOL WST DISP REVENUE     | CUSIP: 130536RL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3998800.00   | 0.19%             | 2042-11-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                | CUSIP: 13063C6M7<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2014110.00   | 0.10%             | 2033-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                | CUSIP: 13063C6S4<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2020876.00   | 0.10%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                | CUSIP: 13063CS76<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1510158.00   | 0.07%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                | CUSIP: 13063DAX6<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2070458.00   | 0.10%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA ST STWD CMNTYS DEVAUTH STUDENT HSG REVENUE        | CUSIP: 13078RGT1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $512365.50    | 0.02%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Camden County Improvement Authority/The                                          | CAMDEN CNTY NJ IMPT AUTH MF REVENUE                          | CUSIP: 13281RAF0<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3209712.00   | 0.15%             | 2027-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Canadian County Educational Facilities Authority                                 | CANADIAN CNTY OK EDUCTNL FACS AUTH EDUC FACS LEASE REVENUE   | CUSIP: 135521CY6<br>LEI: 549300HPRFS0Z66VHS30 | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2946233.10   | 0.14%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Canadian County Educational Facilities Authority                                 | CANADIAN CNTY OK EDUCTNL FACS AUTH EDUC FACS LEASE REVENUE   | CUSIP: 135521DA7<br>LEI: 549300HPRFS0Z66VHS30 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8593256.00   | 0.41%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Canadian County Educational Facilities Authority                                 | CANADIAN CNTY OK EDUCTNL FACS AUTH EDUC FACS LEASE REVENUE   | CUSIP: 135521DC3<br>LEI: 549300HPRFS0Z66VHS30 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5613295.00   | 0.26%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Canadian County Educational Facilities Authority                                 | CANADIAN CNTY OK EDUCTNL FACS AUTH EDUC FACS LEASE REVENUE   | CUSIP: 135521DD1<br>LEI: 549300HPRFS0Z66VHS30 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6812772.00   | 0.32%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                          | CAPITAL TRUST AUTH FL HLTH CARE FACS REVENUE                 | CUSIP: 14055GAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2315940.00   | 0.11%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Carson City NV                                                                   | CARSON CITY NV HOSP REVENUE                                  | CUSIP: 145810DK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $370722.24    | 0.02%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Carson City NV                                                                   | CARSON CITY NV HOSP REVENUE                                  | CUSIP: 145810DQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $745803.77    | 0.04%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                | CUSIP: 154871CU9<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   7825000 | PA      | $8166803.83   | 0.39%             | 2053-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                | CUSIP: 154871CW5<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |  11500000 | PA      | $12207813.50  | 0.58%             | 2054-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                        | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                   | CUSIP: 158862CC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7600230.00   | 0.36%             | 2035-12-01      | Floating      | 3.80%                 | 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        |   4840000 | PA      | $4902615.08   | 0.23%             | 2049-06-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority/The                                     | CHARLOTTE-MECKLENBURG NC HOSP AUTH HLTH CARE SYS REVENUE     | CUSIP: 160853VD6<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7782243.00   | 0.37%             | 2049-01-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority/The                                     | CHARLOTTE-MECKLENBURG NC HOSP AUTH HLTH CARE SYS REVENUE     | CUSIP: 160853VT1<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1354313.25   | 0.06%             | 2048-01-15      | Floating      | 3.63%                 | No            |                  2 | On Loan: No      |
| Chatom Industrial Development Board                                              | CHATOM AL INDL DEV BRD REVENUE                               | CUSIP: 162296AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3999888.00   | 0.19%             | 2037-08-01      | Floating      | 3.38%                 | No            |                  2 | On Loan: No      |
| Chester County Health and Education Facilities Authority                         | CHESTER CNTY PA HLTH & EDU FACS AUTH REVENUE                 | CUSIP: 165579HQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $634322.22    | 0.03%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester County Health and Education Facilities Authority                         | CHESTER CNTY PA HLTH & EDU FACS AUTH REVENUE                 | CUSIP: 165579HR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $814152.00    | 0.04%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                   | CUSIP: 167486V30<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2145000 | PA      | $2277419.43   | 0.11%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago                       | CHICAGO IL MET WTR RECLAMATION DIST GREATER CHICAGO          | CUSIP: 167560TK7<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |    775000 | PA      | $787765.80    | 0.04%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675933T7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1085765.00   | 0.05%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675935K4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1529613.00   | 0.07%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593A36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2030636.00   | 0.10%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593VN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500467.50    | 0.02%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                            | CHICAGO IL PARK DIST                                         | CUSIP: 1676152H5<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |    935000 | PA      | $1053095.18   | 0.05%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                            | CHICAGO IL PARK DIST                                         | CUSIP: 167615U84<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014390.00   | 0.05%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                               | CHICAGO IL WSTWTR TRANSMISSION REVENUE                       | CUSIP: 167727ZC3<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2710000 | PA      | $2748024.01   | 0.13%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                               | CHICAGO IL WSTWTR TRANSMISSION REVENUE                       | CUSIP: 167727ZL3<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1393250.38   | 0.07%             | 2034-01-01      | 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        |   1250000 | PA      | $1270510.00   | 0.06%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                            | CHICAGO IL WTRWKS REVENUE                                    | CUSIP: 167736F77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1269056.25   | 0.06%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                            | CHICAGO IL WTRWKS REVENUE                                    | CUSIP: 167736G76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1514298.96   | 0.07%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chouteau Educational Facilities Authority                                        | CHOUTEAU OK EDUCTNL FACS AUTHEDUCTNL FACS LEASE REVENUE      | CUSIP: 170446AJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $982363.20    | 0.05%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Cincinnati OH Water System Revenue                                       | CINCINNATI OH WTR SYS REVENUE                                | CUSIP: 172311ML3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009824.00   | 0.05%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                               | CLARK CNTY NV                                                | CUSIP: 180848L92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1985000 | PA      | $2065753.77   | 0.10%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                               | CLARK CNTY NV POLL CONTROL REVENUE                           | CUSIP: 181008BE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000566.00   | 0.05%             | 2036-01-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                     | CLARK CNTY NV SCH DIST                                       | CUSIP: 181059XE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2536230.00   | 0.12%             | 2034-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clark County Public Utility District No 1 Electric Revenue                       | CLARK CNTY WA PUBLIC UTILITY DIST #1 ELEC REVENUE            | CUSIP: 181108C33<br>LEI: 549300YCT5BMOWZSMQ97 | Long             | DBT              | MUN               | US        |    500000 | PA      | $523082.50    | 0.02%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark-Pleasant Community School Building Corp                                    | CLARK-PLEASANT IN CMNTY SCH BLDG CORP                        | CUSIP: 181503GF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $1057272.86   | 0.05%             | 2033-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland County Educational Facilities Authority                                | CLEVELAND CNTY OK EDUCTNL FACS AUTH EDUCTNL FACS LEASE REVEN | CUSIP: 18604TEE4<br>LEI: 549300XEV4DVO42DUA84 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4212256.00   | 0.20%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cleveland County Educational Facilities Authority                                | CLEVELAND CNTY OK EDUCTNL FACS AUTH EDUCTNL FACS LEASE REVEN | CUSIP: 18604TFB9<br>LEI: 549300XEV4DVO42DUA84 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2804870.00   | 0.13%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland State University                                                       | CLEVELAND OH ST UNIV                                         | CUSIP: 186406JF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1161450.00   | 0.05%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                            | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145HA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2029882.00   | 0.10%             | 2033-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                            | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145VD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2275000 | PA      | $2553535.08   | 0.12%             | 2035-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                            | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145WB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1161510.72   | 0.05%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clinton Community School District/IA Infrastructure Sales Services & Use Tax     | CLINTON IA CMNTY SCH DIST SCHINFRASTRUCTURE SALES SVCS       | CUSIP: 18735EBV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1867135.02   | 0.09%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clinton Community School District/IA Infrastructure Sales Services & Use Tax     | CLINTON IA CMNTY SCH DIST SCHINFRASTRUCTURE SALES SVCS       | CUSIP: 18735EBW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1528872.35   | 0.07%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clinton Public Works Authority                                                   | CLINTON OK PUBLIC WKS AUTH EDUCTNL FACS LEASE REVENUE        | CUSIP: 188411AP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $937706.01    | 0.04%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clinton Public Works Authority                                                   | CLINTON OK PUBLIC WKS AUTH EDUCTNL FACS LEASE REVENUE        | CUSIP: 188411AQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $1014122.22   | 0.05%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clinton Public Works Authority                                                   | CLINTON OK PUBLIC WKS AUTH EDUCTNL FACS LEASE REVENUE        | CUSIP: 188411AR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $963166.75    | 0.05%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FA20<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    735000 | PA      | $798256.31    | 0.04%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FA38<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    515000 | PA      | $555098.42    | 0.03%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FJJ4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   5475000 | PA      | $5484017.33   | 0.26%             | 2049-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FKH6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    850000 | PA      | $900458.55    | 0.04%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FVK7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1612624.11   | 0.08%             | 2062-05-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FWD2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    800000 | PA      | $857297.60    | 0.04%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FWE0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1078752.00   | 0.05%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FWF7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1365236.25   | 0.06%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FWG5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1654200.00   | 0.08%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FXC3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7130732.00   | 0.34%             | 2049-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FXE9<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   3260000 | PA      | $3665576.60   | 0.17%             | 2057-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FXS8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4539228.00   | 0.21%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FYP3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $3086930.00   | 0.15%             | 2059-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus County Industrial Facilities & Pollution Control Financing Authority    | COLUMBUS CNTY NC INDL FACS & POLL CONTROL FING AUTH REVENUE  | CUSIP: 199048AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $4114714.50   | 0.19%             | 2034-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Columbus-Franklin County Finance Authority                                       | COLUMBUS-FRANKLIN CNTY OH FIN AUTH MF HSG REVENUE            | CUSIP: 19910XAA4<br>LEI: 549300NX3ODQN2ETOO82 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2031504.00   | 0.10%             | 2045-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                              | COLUMBUS OH                                                  | CUSIP: 199492TQ2<br>LEI: 254900NS3ODS0FZ3AM48 | Long             | DBT              | MUN               | US        |    600000 | PA      | $608057.40    | 0.03%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Columbus Metropolitan Housing Authority                                          | COLUMBUS OH MET HSG AUTH GEN REVENUE                         | CUSIP: 19951AAV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2535492.50   | 0.12%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority                                              | COLUMBUS OH REGL ARPT AUTH REVENUE                           | CUSIP: 199546CQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1445419.30   | 0.07%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority                                              | COLUMBUS OH REGL ARPT AUTH REVENUE                           | CUSIP: 199546CR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4935000 | PA      | $5543559.53   | 0.26%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                 | CMWLTH FING AUTH PA TOBACCO MASTER SETTLEMENT PAYMENT REV    | CUSIP: 20282EAQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041748.00   | 0.05%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                 | CMWLTH FING AUTH PA TOBACCO MASTER SETTLEMENT PAYMENT REV    | CUSIP: 20282EAV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10485770.00  | 0.49%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                               | CUSIP: 20772J2T8<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2341707.45   | 0.11%             | 2029-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                               | CUSIP: 20772J6Q0<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1131784.50   | 0.05%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                               | CUSIP: 20772JY63<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   8615000 | PA      | $8688899.47   | 0.41%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                               | CUSIP: 20772KCK3<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   4860000 | PA      | $5033293.02   | 0.24%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                         | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758WS8<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |  10600000 | PA      | $10734895.60  | 0.51%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                            | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM             | CUSIP: 20775H3D3<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   2460000 | PA      | $2531817.24   | 0.12%             | 2034-05-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                            | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM             | CUSIP: 20775H3F8<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   2710000 | PA      | $2789207.88   | 0.13%             | 2035-05-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                            | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM             | CUSIP: 20775HX65<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   7655000 | PA      | $7656018.12   | 0.36%             | 2064-11-15      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| City of Conroe TX                                                                | CONROE TX                                                    | CUSIP: 208399R31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1854749.75   | 0.09%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Conroe Independent School District                                               | CONROE TX INDEP SCH DIST                                     | CUSIP: 208418A94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1051557.15   | 0.05%             | 2033-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cushing Educational Facilities Authority                                         | CUSHING OK EDUCTNL FACS AUTH EDUCTNL FACS LEASE REVENUE      | CUSIP: 231634AG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4602444.00   | 0.22%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                            | CUYAHOGA CNTY OH ECON DEV REVENUE                            | CUSIP: 232263KG7<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    375000 | PA      | $399831.38    | 0.02%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas Housing Finance Corp                                              | DALLAS TX HSG FIN CORP                                       | CUSIP: 235298BV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1804399.38   | 0.09%             | 2027-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Dauphin County General Authority                                                 | DAUPHIN CNTY PA GEN AUTH HLTHSYS REVENUE                     | CUSIP: 23825EDW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1381781.50   | 0.07%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Davie FL                                                                 | DAVIE FL EDUCTNL FACS REVENUE                                | CUSIP: 23867PBM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $414227.60    | 0.02%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Economic Development Authority                                    | DELAWARE ST ECON DEV AUTH REVENUE                            | CUSIP: 246387SZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500127.50   | 0.12%             | 2040-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Health Facilities Authority                                       | DELAWARE ST HLTH FACS AUTH REVENUE                           | CUSIP: 246388TC6<br>LEI: 549300RXU7M05ZYSJG42 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1242868.80   | 0.06%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Health Facilities Authority                                       | DELAWARE ST HLTH FACS AUTH REVENUE                           | CUSIP: 246388TF9<br>LEI: 549300RXU7M05ZYSJG42 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2259573.80   | 0.11%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Housing Authority                                                 | DELAWARE ST HSG AUTH REVENUE                                 | CUSIP: 246395P92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $678818.40    | 0.03%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Housing Authority                                                 | DELAWARE ST HSG AUTH REVENUE                                 | CUSIP: 246395Q75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $583056.10    | 0.03%             | 2034-07-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Delaware State Housing Authority                                                 | DELAWARE ST HSG AUTH REVENUE                                 | CUSIP: 246395Q91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1098859.84   | 0.05%             | 2035-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182LG9<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2596940.00   | 0.12%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182LH7<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3537054.50   | 0.17%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182LR5<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |    785000 | PA      | $812681.46    | 0.04%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver Convention Center Hotel Authority                                         | DENVER CO CONVENTION CENTER HOTEL AUTH REVENUE               | CUSIP: 249189DG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015531.00   | 0.05%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                               | DETROIT MI                                                   | CUSIP: 2510933Q1<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1428795.20   | 0.07%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                      | DIST OF COLUMBIA HSG FIN AGY MF HSG REVENUE                  | CUSIP: 25477PPY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001942.00   | 0.09%             | 2027-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                      | DIST OF COLUMBIA HSG FIN AGY MF HSG REVENUE                  | CUSIP: 25477PQA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3705000 | PA      | $3729608.61   | 0.18%             | 2028-07-01      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                      | DIST OF COLUMBIA HSG FIN AGY MF HSG MTGE REVENUE             | CUSIP: 25477TAX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3887107.50   | 0.18%             | 2028-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                      | DIST OF COLUMBIA HSG FIN AGY MF HSG MTGE REVENUE             | CUSIP: 25477TBB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2072662.00   | 0.10%             | 2029-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Duval County Public Schools                                                      | DUVAL CNTY FL SCH BRD COPS                                   | CUSIP: 267169HD5<br>LEI: 254900RS6MO5WEO2WC42 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1097084.00   | 0.05%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duval County Public Schools                                                      | DUVAL CNTY FL SCH BRD COPS                                   | CUSIP: 267169HF0<br>LEI: 254900RS6MO5WEO2WC42 | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1298392.34   | 0.06%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duval County Public Schools                                                      | DUVAL CNTY FL SCH BRD COPS                                   | CUSIP: 267169HG8<br>LEI: 254900RS6MO5WEO2WC42 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1577974.10   | 0.07%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                          | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE         | CUSIP: 292723AY9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7726418.00   | 0.36%             | 2054-04-01      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                          | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE         | CUSIP: 292723CU5<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5301780.00   | 0.25%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fairfax County Redevelopment & Housing Authority                                 | FAIRFAX CNTY VA REDEV & HSG AUTH MF HSG REVENUE              | CUSIP: 303833LG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2068382.00   | 0.10%             | 2045-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                            | FARMINGTON NM POLL CONTROL REVENUE                           | CUSIP: 311450FX3<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $980870.00    | 0.05%             | 2040-06-01      | Floating      | 0.88%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                            | FARMINGTON NM POLL CONTROL REVENUE                           | CUSIP: 311450GC8<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2022418.00   | 0.10%             | 2040-06-01      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061UJW9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    270000 | PA      | $271773.90    | 0.01%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061UJX7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    285000 | PA      | $291104.13    | 0.01%             | 2027-06-15      | Fixed         | 5.00%                 | 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        |   1500000 | PA      | $1483782.00   | 0.07%             | 2050-09-01      | Floating      | 3.40%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA ST HSG FIN CORP                                      | CUSIP: 34073JVE6<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   5280000 | PA      | $5291505.12   | 0.25%             | 2042-06-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA ST HSG FIN CORP MF MTGE REVENUE                      | CUSIP: 34074HHF2<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1240831.38   | 0.06%             | 2058-07-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA ST HSG FIN CORP MF MTGE REVENUE                      | CUSIP: 34074HHS4<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3025497.00   | 0.14%             | 2044-12-01      | Floating      | 3.20%                 | No            |                  2 | On Loan: No      |
| Forsyth County School District                                                   | FORSYTH CNTY GA SCH DIST                                     | CUSIP: 346604KL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039844.00   | 0.05%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Forsyth MT                                                               | FORSYTH MT POLL CONTROL REVENUE                              | CUSIP: 346668DN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016996.00   | 0.05%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| City of Forsyth MT                                                               | FORSYTH MT POLL CONTROL REVENUE                              | CUSIP: 346668DP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6350000 | PA      | $6419977.00   | 0.30%             | 2032-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                            | FORT BEND TX INDEP SCH DIST                                  | CUSIP: 346843VT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10216640.00  | 0.48%             | 2054-08-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                            | FORT BEND TX INDEP SCH DIST                                  | CUSIP: 346843WS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025632.00   | 0.05%             | 2055-08-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| Fort Stockton Independent School District                                        | FORT STOCKTON TX INDEP SCH DIST                              | CUSIP: 348856PR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $671001.83    | 0.03%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Stockton Independent School District                                        | FORT STOCKTON TX INDEP SCH DIST                              | CUSIP: 348856PS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $662894.87    | 0.03%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Franklin Independent School District/TX                                          | FRANKLIN TX INDEP SCH DIST                                   | CUSIP: 354802HQ6<br>LEI: 54930008AT585HB9RJ37 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001376.00   | 0.09%             | 2032-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Frisco Independent School District                                               | FRISCO TX INDEP SCH DIST                                     | CUSIP: 35880CZN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1554756.16   | 0.07%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Gadsden AL                                                               | GADSDEN AL                                                   | CUSIP: 362460WA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $317425.63    | 0.01%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Galveston TX Wharves & Terminal Revenue                                  | GALVESTON TX WHARVES & TERMINAL REVENUE                      | CUSIP: 364568JT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3135000 | PA      | $3384288.93   | 0.16%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Galveston TX Wharves & Terminal Revenue                                  | GALVESTON TX WHARVES & TERMINAL REVENUE                      | CUSIP: 364568JU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2169234.00   | 0.10%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Galveston TX Wharves & Terminal Revenue                                  | GALVESTON TX WHARVES & TERMINAL REVENUE                      | CUSIP: 364568JV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1668125.50   | 0.08%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Geisinger Authority                                                              | GEISINGER PA AUTH HLTH SYS REVENUE                           | CUSIP: 368497JX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3615000 | PA      | $3663773.58   | 0.17%             | 2043-04-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Geisinger Authority                                                              | GEISINGER PA AUTH HLTH SYS REVENUE                           | CUSIP: 368497JY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3530000 | PA      | $3779860.46   | 0.18%             | 2043-04-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                 | GEORGIA ST                                                   | CUSIP: 3733842E5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500401.00    | 0.02%             | 2033-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Glasscock County Independent School District                                     | GLASSCOCK CNTY TX INDEP SCH DIST                             | CUSIP: 377208EH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $518515.00    | 0.02%             | 2034-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Rapids Economic Development Corp                                           | GRAND RAPIDS MI ECON DEV CORP                                | CUSIP: 386246HL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1998406.00   | 0.09%             | 2030-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | GTR ORLANDO AVIATION AUTH FL SPL PURPOSE ARPT FACS REVENUE   | CUSIP: 39227AAB8<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1599820.50   | 0.08%             | 2035-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Halifax County Industrial Development Authority                                  | HALIFAX CNTY VA INDL DEV AUTH REVENUE                        | CUSIP: 40579PAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8350000 | PA      | $8447561.40   | 0.40%             | 2041-12-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                            | HAMILTON CNTY OH HLTH CARE REVENUE                           | CUSIP: 40727RCR7<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    750000 | PA      | $789876.00    | 0.04%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                            | HAMILTON CNTY OH HLTH CARE REVENUE                           | CUSIP: 40727RCX4<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    400000 | PA      | $437934.00    | 0.02%             | 2036-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH Sales Tax Revenue                                          | HAMILTON CNTY OH SALES TAX                                   | CUSIP: 407287MF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1110820.70   | 0.05%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Harris County-Houston Sports Authority                                           | HARRIS CNTY-HOUSTON TX SPORTS AUTH REVENUE                   | CUSIP: 413890HP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1139917.00   | 0.05%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                              | HARRIS CNTY TX                                               | CUSIP: 414005VK1<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1020190.74   | 0.05%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                              | HARRIS CNTY TX                                               | CUSIP: 414005VL9<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1350252.45   | 0.06%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                              | HARRIS CNTY TX                                               | CUSIP: 414005VN5<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000187.00   | 0.05%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE            | CUSIP: 414009RT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2358177.75   | 0.11%             | 2050-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE            | CUSIP: 414009SP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $689824.20    | 0.03%             | 2054-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP THERMAL UTILITY RE | CUSIP: 41401PCP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1119690.00   | 0.05%             | 2032-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Harrisonburg Redevelopment & Housing Authority                                   | HARRISONBURG VA REDEV & HSG AUTH MF HSG REVENUE              | CUSIP: 415690NW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1632918.43   | 0.08%             | 2028-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Industrial Development Authority                             | HILLSBOROUGH CNTY FLA INDL DEVAUTH HEALTH SYS REVENUE        | CUSIP: 43233KAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1075000.00   | 0.05%             | 2042-11-15      | Floating      | 2.50%                 | No            |                  2 | On Loan: No      |
| Hobbs School District No 16                                                      | HOBBS MUNI SCH DIST #16                                      | CUSIP: 43385QCB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $520724.47    | 0.02%             | 2028-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hobbs School District No 16                                                      | HOBBS MUNI SCH DIST #16                                      | CUSIP: 43385QCC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $672845.70    | 0.03%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hobbs School District No 16                                                      | HOBBS MUNI SCH DIST #16                                      | CUSIP: 43385QCD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $271075.11    | 0.01%             | 2030-09-15      | Fixed         | 5.00%                 | 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      | $279175.00    | 0.01%             | 2034-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                     | HONOLULU CITY & CNTY HI MF REVENUE                           | CUSIP: 438697BQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007312.00   | 0.05%             | 2027-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                               | HOUSTON TX                                                   | CUSIP: 442331U36<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2951837.25   | 0.14%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349FR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1426564.66   | 0.07%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349JJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1134393.00   | 0.05%             | 2036-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349KH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1557900.30   | 0.07%             | 2036-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Houston Housing Finance Corp                                                     | HOUSTON TX HSG FIN CORP MF HSG REVENUE                       | CUSIP: 442396EL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3650000 | PA      | $3693873.00   | 0.17%             | 2041-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston Housing Finance Corp                                                     | HOUSTON TX HSG FIN CORP MF HSG REVENUE                       | CUSIP: 442396EN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2726568.00   | 0.13%             | 2048-02-01      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                               | HOUSTON TX UTILITY SYS REVENUE                               | CUSIP: 44244CGP6<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1741233.98   | 0.08%             | 2031-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                              | HOWARD CNTY MD                                               | CUSIP: 44256PHF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1519417.50   | 0.07%             | 2033-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hudson Yards Infrastructure Corp                                                 | HUDSON YARDS INFRASTRUCTURE CORP NY 2ND INDENTURE REVENUE    | CUSIP: 44420RAX8<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1379448.90   | 0.07%             | 2035-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hutto TX                                                                 | HUTTO TX                                                     | CUSIP: 448474WR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $441871.60    | 0.02%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hutto Independent School District                                                | HUTTO TX INDEP SCH DIST                                      | CUSIP: 448492Z27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1320255.27   | 0.06%             | 2032-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                              | IDAHO ST HSG & FIN ASSN SF MTGE REVENUE                      | CUSIP: 45130BCA9<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   2155000 | PA      | $2243357.16   | 0.11%             | 2036-01-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Illinois Development Finance Authority                                           | ILLINOIS ST DEV FIN AUTH SOL WST DISP REVENUE                | CUSIP: 451889AT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2037822.00   | 0.10%             | 2044-11-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH GAS SPLYREVENUE                         | CUSIP: 45202WAH3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5002015.00   | 0.24%             | 2030-03-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH WTR FAC REVENUE                         | CUSIP: 45203EAG4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500465.00   | 0.12%             | 2040-05-01      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH MF HSG REVENUE                      | CUSIP: 45203LEM1<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001145.00   | 0.05%             | 2027-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH REVENUE                             | CUSIP: 45203MRR4<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1821624.80   | 0.09%             | 2031-04-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH REVENUE                             | CUSIP: 45203MRS2<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1832334.80   | 0.09%             | 2031-10-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH REVENUE                             | CUSIP: 45203MRT0<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   1980000 | PA      | $2145591.36   | 0.10%             | 2032-04-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH REVENUE                             | CUSIP: 45203MRU7<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1796572.80   | 0.08%             | 2032-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH REVENUE                             | CUSIP: 45203MRV5<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1089523.00   | 0.05%             | 2033-04-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EEV6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    400000 | PA      | $408556.80    | 0.02%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EYY8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507358.50    | 0.02%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EZA9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202675.20    | 0.01%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FJT3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    525000 | PA      | $570297.00    | 0.03%             | 2053-08-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FLR4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    800000 | PA      | $889516.80    | 0.04%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FN68<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    205000 | PA      | $210594.86    | 0.01%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FP41<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1316357.14   | 0.06%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FT62<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1610059.50   | 0.08%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 4521525N7<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024316.00   | 0.05%             | 2033-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 4521525P2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1215499.32   | 0.06%             | 2034-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 4521526K2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1127719.95   | 0.05%             | 2030-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 4521526X4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2090000 | PA      | $2152208.85   | 0.10%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 4521526Y2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1164615.35   | 0.05%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452152D99<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2406566.40   | 0.11%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452152E23<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001355.00   | 0.05%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452152M99<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1516792.50   | 0.07%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452152P96<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   9640000 | PA      | $10022438.08  | 0.47%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452152Q20<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  25830000 | PA      | $26778296.79  | 1.26%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153AK5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2583385.55   | 0.12%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153BW8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2201380.00   | 0.10%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153CS6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3820000 | PA      | $4199375.66   | 0.20%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153CT4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2223116.00   | 0.10%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153DJ5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    500000 | PA      | $533555.50    | 0.03%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227MJ7<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    235000 | PA      | $238463.43    | 0.01%             | 2026-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227ND9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1251085.20   | 0.06%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227NZ0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5046825.00   | 0.24%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227PA3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5152000.00   | 0.24%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227PB1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5259315.00   | 0.25%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227PC9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5236020.00   | 0.25%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252JL4<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502419.50   | 0.07%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252KX6<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001767.00   | 0.05%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252KZ1<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    950000 | PA      | $951399.35    | 0.04%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252LH0<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3003840.00   | 0.14%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State University                                                        | ILLINOIS ST UNIV COPS                                        | CUSIP: 452259EL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2386093.40   | 0.11%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HIGHWAY REVENUE                          | CUSIP: 45470RCU8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1143275.84   | 0.05%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH SYS REVENUE                         | CUSIP: 45470YBN0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |  11980000 | PA      | $11980000.00  | 0.57%             | 2037-11-01      | Floating      | 2.50%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH SYS REVENUE                         | CUSIP: 45470YFM8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |  13395000 | PA      | $14495479.62  | 0.68%             | 2060-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH SYS REVENUE                         | CUSIP: 45470YGG0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4526956.00   | 0.21%             | 2057-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH ECON DEV REVENUE                         | CUSIP: 45505RBN4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2750341.00   | 0.13%             | 2028-05-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506EPD9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3203046.40   | 0.15%             | 2032-05-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| City of Indianapolis Department of Public Utilities Gas Utility Revenue          | INDIANAPOLIS IN GAS UTILITY REVENUE                          | CUSIP: 455398NP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6865000 | PA      | $7133284.20   | 0.34%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH HLTH FACS REVENUE                           | CUSIP: 462466GB3<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    680000 | PA      | $761052.60    | 0.04%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH HLTH FACS REVENUE                           | CUSIP: 462466GC1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    730000 | PA      | $820740.46    | 0.04%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH HLTH FACS REVENUE                           | CUSIP: 462466GD9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    500000 | PA      | $562982.00    | 0.03%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH REVENUE                                     | CUSIP: 46247SBK9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998765.00    | 0.05%             | 2029-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JEA Water & Sewer System Revenue                                                 | JEA FL WTR & SWR REVENUE                                     | CUSIP: 46613P3S3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3655000 | PA      | $3729331.74   | 0.18%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JEA Electric System Revenue                                                      | JEA FL ELEC SYS REVENUE                                      | CUSIP: 46613SGK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2110000 | PA      | $2176342.62   | 0.10%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jacksboro Independent School District                                            | JACKSBORO TX INDEP SCH DIST                                  | CUSIP: 466430LE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2584712.50   | 0.12%             | 2048-02-15      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Jackson Health Educational & Housing Facility Board                              | JACKSON TN HLTH EDUCTNL & HSG FAC BRD MF REVENUE             | CUSIP: 468741BY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2023796.00   | 0.10%             | 2045-04-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Jacksonville Public Educational Building Authority                               | JACKSONVILLE PUBLIC EDUCTNL BLDG AUTH                        | CUSIP: 469480BL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $566564.00    | 0.03%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jacksonville Public Educational Building Authority                               | JACKSONVILLE PUBLIC EDUCTNL BLDG AUTH                        | CUSIP: 469480BM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1742419.25   | 0.08%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jacksonville Public Educational Building Authority                               | JACKSONVILLE PUBLIC EDUCTNL BLDG AUTH                        | CUSIP: 469480BN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1273610.25   | 0.06%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL                                                           | JEFFERSON CNTY AL                                            | CUSIP: 472628RB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3375164.10   | 0.16%             | 2032-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL                                                           | JEFFERSON CNTY AL                                            | CUSIP: 472628RD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2575000 | PA      | $2628917.93   | 0.12%             | 2034-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL                                                           | JEFFERSON CNTY AL                                            | CUSIP: 472628RE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1529926.50   | 0.07%             | 2035-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Johnson City Health & Educational Facilities Board                               | JOHNSON CITY TN HLTH & EDUCTNL FACS BRD HOSP REVENUE         | CUSIP: 478271KS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $530370.28    | 0.03%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Johnson City Health & Educational Facilities Board                               | JOHNSON CITY TN HLTH & EDUCTNL FACS BRD HOSP REVENUE         | CUSIP: 478271KT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3330000 | PA      | $3718148.13   | 0.18%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Joliet IL                                                                | JOLIET IL                                                    | CUSIP: 479754NF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1122836.00   | 0.05%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas Development Finance Authority                                             | KANSAS ST DEV FIN AUTH MF HSG REVENUE                        | CUSIP: 48542TBM1<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035023.00   | 0.05%             | 2028-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No 414 Lake Washington                               | KING CNTY WA SCH DIST #414 LAKE WASHINGTON                   | CUSIP: 495260F22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2008466.00   | 0.09%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                          | KNOX CNTY TN HLTH EDUCTNL & HSG FAC BRD STUDENT HSG REVENUE  | CUSIP: 499526AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $163767.45    | 0.01%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                          | KNOX CNTY TN HLTH EDUCTNL & HSG FAC BRD STUDENT HSG REVENUE  | CUSIP: 499526AW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $223835.40    | 0.01%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                          | KNOX CNTY TN HLTH EDUCTNL & HSG FAC BRD STUDENT HSG REVENUE  | CUSIP: 499526AX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $1021465.48   | 0.05%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                          | KNOX CNTY TN HLTH EDUCTNL & HSG FAC BRD STUDENT HSG REVENUE  | CUSIP: 499526AY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1143235.80   | 0.05%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                          | KNOX CNTY TN HLTH EDUCTNL & HSG FAC BRD STUDENT HSG REVENUE  | CUSIP: 499526AZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1567979.90   | 0.07%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox Warren Etc Counties Community College District No 518 Carl Sandburg         | KNOX WARREN ETC CNTYS IL CMNTY CLG DIST #518                 | CUSIP: 499635CU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000569.00   | 0.05%             | 2035-12-01      | Floating      | 3.38%                 | No            |                  2 | On Loan: No      |
| Lake Charles Harbor & Terminal District                                          | LAKE CHARLES LA HARBOR & TERMINAL DIST                       | CUSIP: 507739BN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $663219.60    | 0.03%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Charles Harbor & Terminal District                                          | LAKE CHARLES LA HARBOR & TERMINAL DIST                       | CUSIP: 507739BP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $669646.20    | 0.03%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Charles Harbor & Terminal District                                          | LAKE CHARLES LA HARBOR & TERMINAL DIST                       | CUSIP: 507739BQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $642895.59    | 0.03%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Charles Harbor & Terminal District                                          | LAKE CHARLES LA HARBOR & TERMINAL DIST                       | CUSIP: 507739BR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $559167.00    | 0.03%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Laredo College District Combined Fee Revenue                                     | LAREDO TX CMNTY CLG DIST COMBINED FEE REVENUE                | CUSIP: 516826KK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1199820.46   | 0.06%             | 2033-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV                                                             | LAS VEGAS NV                                                 | CUSIP: 5176965C0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002821.00   | 0.05%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Lee FL Airport Revenue                                                 | LEE CNTY FL ARPT REVENUE                                     | CUSIP: 523470GA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3305000 | PA      | $3311157.22   | 0.16%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority/FL                                   | LEE CNTY FL INDL DEV AUTH HLTHCR FACS REVENUE                | CUSIP: 52349EES5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1509235.50   | 0.07%             | 2029-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                      | LONG ISLAND NY PWR AUTH ELEC SYS REVENUE                     | CUSIP: 542691BP4<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |    400000 | PA      | $422776.00    | 0.02%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 5444452P3<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1143879.00   | 0.05%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 5444452Q1<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5771365.00   | 0.27%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445EM7<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |    500000 | PA      | $521609.00    | 0.02%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445FW4<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1266972.18   | 0.06%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445LW7<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2108404.00   | 0.10%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445SQ3<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2591598.80   | 0.12%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT WTR & PWR REVENUE                        | CUSIP: 5444952J2<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1067185.35   | 0.05%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Development Authority                                         | LOS ANGELES CNTY CA DEV AUTH MULTIFAMILY HSG MTG REV         | CUSIP: 54465JAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2461921.70   | 0.12%             | 2043-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Los Ranchos de Albuquerque NM                                         | LOS RANCHOS DE ALBUQUERQUE NM EDUCTNL FACS REVENUE           | CUSIP: 545610AZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $268810.00    | 0.01%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Los Ranchos de Albuquerque NM                                         | LOS RANCHOS DE ALBUQUERQUE NM EDUCTNL FACS REVENUE           | CUSIP: 545610BA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $317045.11    | 0.01%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Los Ranchos de Albuquerque NM                                         | LOS RANCHOS DE ALBUQUERQUE NM EDUCTNL FACS REVENUE           | CUSIP: 545610BC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $532626.08    | 0.03%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Housing Corp                                                           | LOUISIANA ST HSG CORP MF HSG REVENUE                         | CUSIP: 54627CCH4<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000239.00   | 0.05%             | 2030-04-01      | Floating      | 3.15%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                              | CUSIP: 546399KJ4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    875000 | PA      | $945064.75    | 0.04%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                              | CUSIP: 546399UU8<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   3620000 | PA      | $3768278.82   | 0.18%             | 2035-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Offshore Terminal Authority                                            | LOUISIANA ST OFFSHORE TERMINAL AUTH DEEPWATER PORT REVENUE   | CUSIP: 546510FT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2028084.00   | 0.10%             | 2033-09-01      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                              | LOUISVILLE & JEFFERSON CNTY KY MET GOVT HLTH SYS REVENUE     | CUSIP: 54659LBK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3405000 | PA      | $3453405.48   | 0.16%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                              | LOUISVILLE & JEFFERSON CNTY KY MET GOVT HLTH SYS REVENUE     | CUSIP: 54659LBP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $951248.04    | 0.04%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                              | LOUISVILLE & JEFFERSON CNTY KY MET GOVT HLTH SYS REVENUE     | CUSIP: 54659LBQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $833749.13    | 0.04%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                              | LOUISVILLE & JEFFERSON CNTY KY MET GOVT HLTH SYS REVENUE     | CUSIP: 54659LBR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2069446.30   | 0.10%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                              | LOUISVILLE & JEFFERSON CNTY KY MET GOVT HLTH SYS REVENUE     | CUSIP: 54659LCD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8618838.50   | 0.41%             | 2047-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                              | LOUISVILLE & JEFFERSON CNTY KY MET GOVT HLTH SYS REVENUE     | CUSIP: 54659LCE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6575000 | PA      | $7032054.55   | 0.33%             | 2047-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Love County Educational Facilities Authority                                     | LOVE CNTY OK EDUCTNL FACS AUTH EDUCTNL FACS LEASE REVENUE    | CUSIP: 54713PBS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $349515.55    | 0.02%             | 2034-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Lovejoy Independent School District                                              | LOVEJOY TX INDEP SCH DIST                                    | CUSIP: 547160XT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $815243.10    | 0.04%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BYK1<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    700000 | PA      | $765104.90    | 0.04%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BZE4<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    500000 | PA      | $556555.00    | 0.03%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BZF1<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    400000 | PA      | $450948.40    | 0.02%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BZG9<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    350000 | PA      | $397484.85    | 0.02%             | 2033-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Madison-Macoupin Etc Counties Community College District No 536/IL               | MADISON MACOUPIN ETC CNTYS ILCMNTY CLG DIST #536             | CUSIP: 557738NG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1637623.98   | 0.08%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Adams County Housing Authority                                                   | MAIKER HSG PARTNERS CO MF HSG REV                            | CUSIP: 56031AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3504840.50   | 0.17%             | 2042-05-01      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DBH4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2448272.30   | 0.12%             | 2028-05-15      | Fixed         | 5.00%                 | 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        |   3160000 | PA      | $3196924.60   | 0.15%             | 2052-05-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  12645000 | PA      | $12782956.95  | 0.60%             | 2052-07-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DDX7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  29500000 | PA      | $29900964.00  | 1.41%             | 2052-09-01      | Floating      | 4.00%                 | 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        |  26675000 | PA      | $28134175.85  | 1.33%             | 2053-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DFK3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1590331.50   | 0.08%             | 2053-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DFT4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  41030000 | PA      | $43248697.25  | 2.04%             | 2054-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DGB2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  25250000 | PA      | $26971671.25  | 1.27%             | 2053-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DHK1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5381215.00   | 0.25%             | 2054-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DKH4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  11500000 | PA      | $12171761.00  | 0.57%             | 2055-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Governmental Facilities Authority                                          | MAINE ST GOVTL FACS AUTH                                     | CUSIP: 56041MYF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $582883.50    | 0.03%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Mansfield TX                                                             | MANSFIELD TX SPL ASSMNT REVENUE                              | CUSIP: 564378LT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1123498.00   | 0.05%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH                               | CUSIP: 56682HBV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $1006192.28   | 0.05%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH                               | CUSIP: 56682HBZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2205000 | PA      | $2237243.72   | 0.11%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH                               | CUSIP: 56682HDW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12960000 | PA      | $14020788.96  | 0.66%             | 2053-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Marshall Putnam & Bureau Counties Community Unit School District No 5 Henry      | MARSHALL PUTNAM & BUREAU CNTYS IL CMNTY UNIT SCH DIST #5     | CUSIP: 572652CH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $366247.38    | 0.02%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Marshall Putnam & Bureau Counties Community Unit School District No 5 Henry      | MARSHALL PUTNAM & BUREAU CNTYS IL CMNTY UNIT SCH DIST #5     | CUSIP: 572652CK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $404829.00    | 0.02%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Department of Housing & Community Development                           | MARYLAND CMNTY DEV ADMIN HSG & CMNTY DEV                     | CUSIP: 57419UZM3<br>LEI: 549300Q5BSL77YR7NP93 | Long             | DBT              | MUN               | US        |    930000 | PA      | $969502.68    | 0.05%             | 2036-03-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 57421CJN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $4228121.25   | 0.20%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                   | MARYLAND ST DEPT OF TRANSPRTN                                | CUSIP: 57421FBK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $756787.73    | 0.04%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                   | MARYLAND ST DEPT OF TRANSPRTN                                | CUSIP: 57421FBL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1834941.90   | 0.09%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland State Transportation Authority Passenger Facility Charge Revenue        | MARYLAND ST TRANSPRTN AUTH PASSENGER FAC CHARGE              | CUSIP: 57429NCY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3021876.00   | 0.14%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XMH1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1918696.00   | 0.09%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BCZ9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1980806.00   | 0.09%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BKT4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $3227982.80   | 0.15%             | 2055-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                     | MASSACHUSETTS ST PORT AUTH                                   | CUSIP: 575896TH8<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1577706.00   | 0.07%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mcintosh County Educational Facilities Authority                                 | MCINTOSH CNTY OK EDUCTNL FACS AUTH EDUCTNL FACS LEASE REVENU | CUSIP: 581191AY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $416985.78    | 0.02%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Medina Valley Independent School District                                        | MEDINA VLY TX INDEP SCH DIST                                 | CUSIP: 584887WL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1624193.10   | 0.08%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Memorial City Redevelopment Authority                                            | MEMORIAL CITY REDEVELOPMENT AUTH TX                          | CUSIP: 58602FAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $460318.80    | 0.02%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Memphis-Shelby County Airport Authority                                          | MEMPHIS-SHELBY CNTY TN ARPT AUTH ARPT REVENUE                | CUSIP: 586111PE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1800664.61   | 0.08%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSON CNTY TN HLTH & EDUCTNL FAC BRD | CUSIP: 592113CE2<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3001932.00   | 0.14%             | 2044-06-01      | Floating      | 3.35%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSON CNTY TN HLTH & EDUCTNL FAC BRD | CUSIP: 592113CV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2920000 | PA      | $2931437.64   | 0.14%             | 2059-12-01      | Floating      | 3.20%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                        | CUSIP: 592250FG4<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4139048.00   | 0.20%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                        | CUSIP: 592250FH2<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2071250.00   | 0.10%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority Dedicated Tax Fund                         | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                     | CUSIP: 59259N7K3<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    500000 | PA      | $506028.50    | 0.02%             | 2034-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261ADL8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3450000 | PA      | $3514590.90   | 0.17%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AEW3<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1679483.42   | 0.08%             | 2026-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AEY9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1252408.14   | 0.06%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261ANK9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1845000 | PA      | $1923847.92   | 0.09%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261APW1<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2755000 | PA      | $2810538.05   | 0.13%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647EL1<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2039708.00   | 0.10%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647MT5<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2210736.00   | 0.10%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647NQ0<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |    605000 | PA      | $677927.91    | 0.03%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647NR8<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1128027.00   | 0.05%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647NS6<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1698441.00   | 0.08%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Industrial Development Authority                               | MIAMI-DADE CNTY FL INDL DEV AUTH SOL WST DISP REVENUE        | CUSIP: 59333GAL2<br>LEI: 549300RM19LZY32DAU30 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3994852.00   | 0.19%             | 2041-11-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                            | MIAMI-DADE CNTY FL SCH BRD COPS                              | CUSIP: 59333MV77<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   5220000 | PA      | $5225120.82   | 0.25%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                          | CUSIP: 59333P7L6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $7257919.50   | 0.34%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                          | CUSIP: 59333P7M4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3695000 | PA      | $4091100.31   | 0.19%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Health Facilities Authority                                    | MIAMI-DADE CNTY FL HLTH FACS AUTH HOSP REVENUE               | CUSIP: 59334NDT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1045813.14   | 0.05%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Transit System                                           | MIAMI-DADE CNTY FL TRANSIT SALES SURTAX REVENUE              | CUSIP: 59334PGG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3425000 | PA      | $3440970.78   | 0.16%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Transit System                                           | MIAMI-DADE CNTY FL TRANSIT SALES SURTAX REVENUE              | CUSIP: 59334PHH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2950000 | PA      | $3027608.60   | 0.14%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447T3M3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    215000 | PA      | $241734.18    | 0.01%             | 2032-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447T4A8<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1730000 | PA      | $1741675.77   | 0.08%             | 2044-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TAS2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000949.00   | 0.05%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447UAQ3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    950000 | PA      | $1087268.35   | 0.05%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE                     | CUSIP: 594654B46<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1638631.65   | 0.08%             | 2033-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE                     | CUSIP: 594654B53<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1602004.05   | 0.08%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE                     | CUSIP: 594654B61<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    950000 | PA      | $978226.40    | 0.05%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE                     | CUSIP: 594654B79<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1404190.48   | 0.07%             | 2035-06-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE                     | CUSIP: 594654B87<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    375000 | PA      | $386394.38    | 0.02%             | 2035-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                                        | MICHIGAN ST HOSP FIN AUTH                                    | CUSIP: 59465HXF8<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5661495.00   | 0.27%             | 2055-08-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | MICHIGAN ST STRATEGIC FUND EXEMPT FACS REVENUE               | CUSIP: 59468PAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4340205.00   | 0.20%             | 2027-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                  | CUSIP: 594698TK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2489990.00   | 0.12%             | 2049-10-01      | Floating      | 3.35%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                             | MILWAUKEE WI                                                 | CUSIP: 602366N85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4705000 | PA      | $5198093.41   | 0.25%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                             | MILWAUKEE WI                                                 | CUSIP: 602366N93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1845000 | PA      | $2064746.88   | 0.10%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                             | MILWAUKEE WI                                                 | CUSIP: 602366Y59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2415000 | PA      | $2702636.16   | 0.13%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                             | MILWAUKEE WI                                                 | CUSIP: 602366Y67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2430000 | PA      | $2747314.26   | 0.13%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Business Finance Corp                                                | MISSISSIPPI ST BUSINESS FIN CORP SOL WST DISP REVENUE        | CUSIP: 60527MAM1<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2512662.50   | 0.12%             | 2027-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Mississippi Home Corp                                                            | MISSISSIPPI ST HOME CORP SF MTGE REVENUE                     | CUSIP: 60535QY53<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1356148.98   | 0.06%             | 2033-06-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH                         | CUSIP: 60635H3R8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    475000 | PA      | $475475.95    | 0.02%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH                         | CUSIP: 60635H3S6<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    760000 | PA      | $771811.16    | 0.04%             | 2027-02-01      | 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: 60637AVP4<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    680000 | PA      | $745188.20    | 0.04%             | 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 HLTH FACS REVENUE       | CUSIP: 60637AXN7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4629916.00   | 0.22%             | 2059-04-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637GHW2<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1544002.50   | 0.07%             | 2033-11-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637GHX0<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1477628.11   | 0.07%             | 2034-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637GHY8<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    630000 | PA      | $648904.41    | 0.03%             | 2034-11-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637GHZ5<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1695253.11   | 0.08%             | 2035-05-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637GJA8<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1572397.00   | 0.07%             | 2035-11-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637GKF5<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1964385.00   | 0.09%             | 2036-05-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Missouri State Environmental Improvement & Energy Resources Authority            | MISSOURI ST ENVRNMNTL IMPT & ENERGY RESOURCES AUTH           | CUSIP: 606907BK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2025000 | PA      | $2068039.35   | 0.10%             | 2038-05-01      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| Industrial Development Board of the City of Mobile Alabama                       | MOBILE AL INDL DEV BRD POLL CONTROL REVENUE                  | CUSIP: 607167DW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005650.00   | 0.09%             | 2034-06-01      | Floating      | 3.78%                 | No            |                  2 | On Loan: No      |
| Development Authority of Monroe County/The                                       | MONROE CNTY GA DEV AUTH POLL CONTROL REVENUE                 | CUSIP: 610530FV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2076923.53   | 0.10%             | 2042-06-01      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp                                        | MONROE CNTY NY INDL DEV AGY MF HSG REVENUE                   | CUSIP: 61075NAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4139388.00   | 0.20%             | 2028-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority                                               | MONTANA ST FAC FIN AUTH REVENUE                              | CUSIP: 61204KMW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1635082.35   | 0.08%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority                                               | MONTANA ST FAC FIN AUTH REVENUE                              | CUSIP: 61204KNV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1253809.55   | 0.06%             | 2035-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                            | MONTGOMERY CNTY PA INDL DEV AUTH EXEMPT FACS REVENUE         | CUSIP: 61361TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5129450.00   | 0.24%             | 2053-04-01      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| Mount Vernon of Hancock County Multi-School Building Corp                        | MOUNT VERNON OF HANCOCK CNTY IN MULTI-SCH BLDG CORP          | CUSIP: 623619LL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $546674.50    | 0.03%             | 2031-01-15      | 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        |    475000 | PA      | $479177.15    | 0.02%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Canaan Housing Authority                                                     | NEW CANAAN CT HSG AUTH REVENUE MF HSG REVENUE                | CUSIP: 643146AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5508000 | PA      | $5648327.32   | 0.27%             | 2034-12-01      | Fixed         | 4.00%                 | 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        |   7000000 | PA      | $7351428.00   | 0.35%             | 2033-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of New Haven CT                                                             | NEW HAVEN CT                                                 | CUSIP: 6450208B7<br>LEI: 549300U4OHEAZ124LQ06 | Long             | DBT              | MUN               | US        |    495000 | PA      | $517222.53    | 0.02%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Haven CT                                                             | NEW HAVEN CT                                                 | CUSIP: 6450208C5<br>LEI: 549300U4OHEAZ124LQ06 | Long             | DBT              | MUN               | US        |    525000 | PA      | $560005.95    | 0.03%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Haven CT                                                             | NEW HAVEN CT                                                 | CUSIP: 6450208D3<br>LEI: 549300U4OHEAZ124LQ06 | Long             | DBT              | MUN               | US        |    450000 | PA      | $488733.75    | 0.02%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Haven CT                                                             | NEW HAVEN CT                                                 | CUSIP: 645021CW4<br>LEI: 549300U4OHEAZ124LQ06 | Long             | DBT              | MUN               | US        |    600000 | PA      | $676330.80    | 0.03%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Haven CT                                                             | NEW HAVEN CT                                                 | CUSIP: 645021CX2<br>LEI: 549300U4OHEAZ124LQ06 | Long             | DBT              | MUN               | US        |    500000 | PA      | $570266.00    | 0.03%             | 2033-08-01      | 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: 64542UHJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2008620.00   | 0.09%             | 2030-10-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE | CUSIP: 64542UHK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008421.00   | 0.05%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE | CUSIP: 64542UHW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2180554.00   | 0.10%             | 2036-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B7C2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    900000 | PA      | $951292.80    | 0.04%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577BL28<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1553295.00   | 0.07%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XAS5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |     40000 | PA      | $43420.60     | 0.00%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XDR4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2464114.40   | 0.12%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XDS2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1575096.57   | 0.07%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                                     | NEW JERSEY ST HSG & MTGE FIN AGY MF CONDUIT REVENUE          | CUSIP: 646127FW5<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1159838.76   | 0.05%             | 2029-07-01      | Floating      | 3.10%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461362B6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  29985000 | PA      | $30285479.69  | 1.43%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461364A6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1645712.50   | 0.08%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461364D0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4867646.40   | 0.23%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461364F5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    700000 | PA      | $735963.20    | 0.03%             | 2034-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461365U1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2649972.50   | 0.13%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461365W7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1502854.88   | 0.07%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461366C0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   6035000 | PA      | $6172115.20   | 0.29%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461366E6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   8100000 | PA      | $8652711.60   | 0.41%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461367V7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5715000 | PA      | $6368544.54   | 0.30%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461367W5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    500000 | PA      | $554622.50    | 0.03%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461367X3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2762027.50   | 0.13%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461368B0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1314110.40   | 0.06%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140CL5<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2558260.00   | 0.12%             | 2033-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                                     | NEW MEXICO ST FIN AUTH REVENUE                               | CUSIP: 64711NXL4<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001415.00   | 0.05%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                                     | NEW MEXICO ST FIN AUTH ST TRANSPRTN REVENUE                  | CUSIP: 64711RMA1<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1516435.50   | 0.07%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                            | NEW MEXICO ST MTGE FIN AUTH                                  | CUSIP: 6472012D3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $419653.40    | 0.02%             | 2035-03-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                            | NEW MEXICO ST MTGE FIN AUTH                                  | CUSIP: 6472012E1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $302759.40    | 0.01%             | 2035-09-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| New Mexico Hospital Equipment Loan Council                                       | NEW MEXICO ST HOSP EQUIPMENT LOAN COUNCIL HOSP REVENUE       | CUSIP: 647370HS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1195789.35   | 0.06%             | 2035-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Hospital Equipment Loan Council                                       | NEW MEXICO ST HOSP EQUIPMENT LOAN COUNCIL HOSP REVENUE       | CUSIP: 647370JG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065996.00   | 0.05%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Hospital Equipment Loan Council                                       | NEW MEXICO ST HOSP EQUIPMENT LOAN COUNCIL HOSP REVENUE       | CUSIP: 647370KG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $741656.16    | 0.04%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico State University                                                      | NEW MEXICO ST UNIV                                           | CUSIP: 647429Y37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1532070.00   | 0.07%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966LU41<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  16310000 | PA      | $16310000.00  | 0.77%             | 2044-06-01      | Floating      | 2.50%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966MQW2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2060114.00   | 0.10%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966QF21<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1473897.10   | 0.07%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966QGY0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1100644.00   | 0.05%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966SLR5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1458082.50   | 0.07%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971W6T2<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   3705000 | PA      | $3805520.36   | 0.18%             | 2030-05-01      | 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: 64971WG87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4004684.00   | 0.19%             | 2034-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971WUK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4535000 | PA      | $4535000.00   | 0.21%             | 2045-02-01      | Floating      | 2.50%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XCQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027621.00   | 0.05%             | 2034-08-01      | 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: 64972E7D5<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2270754.00   | 0.11%             | 2063-11-01      | Floating      | 4.30%                 | 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: 64972GB86<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   4495000 | PA      | $4702188.04   | 0.22%             | 2029-06-15      | 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: 64972GCN2<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  28540000 | PA      | $28540000.00  | 1.35%             | 2050-06-15      | Floating      | 2.50%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64985SMV2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $578253.50    | 0.03%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64985SMW0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $572709.50    | 0.03%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                            | NEW YORK ST HSG FIN AGY AFFORDABLE HSG REVENUE               | CUSIP: 64987JY96<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   4365000 | PA      | $4436066.57   | 0.21%             | 2050-11-01      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| State of New York Mortgage Agency Homeowner Mortgage Revenue                     | NEW YORK ST MTGE AGY HOMEOWNER MTGE REVENUE                  | CUSIP: 64988YRX7<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |   2035000 | PA      | $2086825.35   | 0.10%             | 2031-10-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AFC4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1990000 | PA      | $2019398.27   | 0.10%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AFD2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507264.50    | 0.02%             | 2033-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AGF6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    975000 | PA      | $997100.33    | 0.05%             | 2033-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990APJ8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2135000 | PA      | $2277880.61   | 0.11%             | 2029-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AUM5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    810000 | PA      | $823884.21    | 0.04%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AUN3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    370000 | PA      | $376044.69    | 0.02%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FK37<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2258910.00   | 0.11%             | 2033-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FMN1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    750000 | PA      | $795087.00    | 0.04%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FP99<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2595000 | PA      | $2615954.63   | 0.12%             | 2034-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FYD0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1696810.50   | 0.08%             | 2036-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990GNK4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037679.00   | 0.05%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990KAT0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2181913.20   | 0.10%             | 2035-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 65000BNT1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3868791.50   | 0.18%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 65000BQV3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    400000 | PA      | $422790.80    | 0.02%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                 | NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE         | CUSIP: 650028WR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3545000 | PA      | $3972264.67   | 0.19%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                    | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 6500356R4<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   3715000 | PA      | $3847220.57   | 0.18%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newark Higher Education Finance Corp                                             | NEWARK HGR EDU FIN CORP TX REVENUE                           | CUSIP: 650348AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1762036.32   | 0.08%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Noblesville Redevelopment Authority                                              | NOBLESVILLE IN REDEV AUTH                                    | CUSIP: 655164HP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $314847.00    | 0.01%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                            | NORTH CAROLINA ST HSG FIN AGY HOMEOWNERSHIP REVENUE          | CUSIP: 658207Z57<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1521769.47   | 0.07%             | 2032-07-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YTQ9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    410000 | PA      | $410099.22    | 0.02%             | 2029-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YTR7<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    625000 | PA      | $625031.88    | 0.03%             | 2029-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                                | NORTH CAROLINA ST TURNPIKE AUTH                              | CUSIP: 65830RBY4<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |    500000 | PA      | $527567.50    | 0.02%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | NORTH DAKOTA ST HSG FIN AGY                                  | CUSIP: 65889BBU7<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1590097.50   | 0.08%             | 2034-01-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | NORTH DAKOTA ST HSG FIN AGY                                  | CUSIP: 65889BBV5<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1907857.80   | 0.09%             | 2034-07-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | NORTH DAKOTA ST HSG FIN AGY                                  | CUSIP: 65889BBW3<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   2110000 | PA      | $2232726.04   | 0.11%             | 2035-01-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | NORTH DAKOTA ST HSG FIN AGY                                  | CUSIP: 65889BBX1<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1310051.32   | 0.06%             | 2035-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| North East Independent School District/TX                                        | NORTH EAST TX INDEP SCH DIST                                 | CUSIP: 659155KR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1524426.00   | 0.07%             | 2034-08-01      | Fixed         | 4.00%                 | 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        |   5030000 | PA      | $5097985.48   | 0.24%             | 2049-08-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WF84<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    500000 | PA      | $515673.00    | 0.02%             | 2035-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northeastern Pennsylvania Hospital and Education Authority                       | N ESTRN PA HOSP & EDU AUTH                                   | CUSIP: 664551DE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1316232.82   | 0.06%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northeastern Pennsylvania Hospital and Education Authority                       | N ESTRN PA HOSP & EDU AUTH                                   | CUSIP: 664551DF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1142133.39   | 0.05%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northeastern Pennsylvania Hospital and Education Authority                       | N ESTRN PA HOSP & EDU AUTH                                   | CUSIP: 664551DG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1477132.28   | 0.07%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northside Independent School District                                            | NORTHSIDE TX INDEP SCH DIST                                  | CUSIP: 66702RK92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2465000 | PA      | $2481762.00   | 0.12%             | 2054-08-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| Northside Independent School District                                            | NORTHSIDE TX INDEP SCH DIST                                  | CUSIP: 66702RMB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1506400.50   | 0.07%             | 2033-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oakland Unified School District/Alameda County                                   | OAKLAND CA UNIF SCH DIST ALAMEDA CNTY                        | CUSIP: 672325H75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1525524.00   | 0.07%             | 2035-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                      | OHIO ST HSG FIN AGY MF HSG REVENUE                           | CUSIP: 676900XP3<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009805.00   | 0.05%             | 2047-11-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| County of Ohio WV Special District Excise Tax Revenue                            | OHIO CNTY WV CNTY COMMISSION SPL DIST EXCISE TAX REVENUE     | CUSIP: 67732PET1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $612885.35    | 0.03%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Ohio WV Special District Excise Tax Revenue                            | OHIO CNTY WV CNTY COMMISSION SPL DIST EXCISE TAX REVENUE     | CUSIP: 67732PEU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $580707.75    | 0.03%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                 | CUSIP: 677525WU7<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   4515000 | PA      | $4594369.19   | 0.22%             | 2030-09-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST HOSP FAC REVENUE                                     | CUSIP: 677561KJ0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    800000 | PA      | $830067.20    | 0.04%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                      | OHIO ST HGR EDUCTNL FAC COMMISSION                           | CUSIP: 67756DJU1<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1266042.75   | 0.06%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                 | OHIO ST WTR DEV AUTH REVENUE                                 | CUSIP: 67765QDY9<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2019480.00   | 0.10%             | 2032-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Okeechobee FL                                                          | OKEECHOBEE CNTY FL SOL WST REVENUE                           | CUSIP: 678438AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3933668.00   | 0.19%             | 2039-07-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| Oklahoma County Finance Authority                                                | OKLAHOMA CNTY OK FIN AUTH EDUCTNL FACS LEASE REVENUE         | CUSIP: 67868UKE2<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049852.00   | 0.05%             | 2030-09-01      | Fixed         | 5.00%                 | 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      | $3997342.50   | 0.19%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County School Board                                                       | ORANGE CNTY FL SCH BRD COPS                                  | CUSIP: 684517RW7<br>LEI: 549300SEFJ368NVQXL34 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2028372.00   | 0.10%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University                                               | OREGON ST HLTH & SCIENCE UNIV REVENUE                        | CUSIP: 685869HJ1<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |  11780000 | PA      | $12964408.32  | 0.61%             | 2046-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Owen KY                                                                | OWEN CNTY KY WTR FACS REVENUE                                | CUSIP: 69068WAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2398720.20   | 0.11%             | 2040-06-01      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH HOSP REVENUE               | CUSIP: 69651ABN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $155918.40    | 0.01%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH HOSP REVENUE               | CUSIP: 69651ABP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $184049.60    | 0.01%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH HOSP REVENUE               | CUSIP: 69651ABQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $945722.90    | 0.04%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH HOSP REVENUE               | CUSIP: 69651ABR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $214370.20    | 0.01%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH HOSP REVENUE               | CUSIP: 69651ACK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083299.00   | 0.05%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH HOSP REVENUE               | CUSIP: 69651ACL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1340082.45   | 0.06%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH HOSP REVENUE               | CUSIP: 69651ACM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1403238.69   | 0.07%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH HOSP REVENUE               | CUSIP: 69651ACN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $780544.43    | 0.04%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                           | PATRIOTS ENERGY GROUP FING AGY SC GAS SPLY REVENUE           | CUSIP: 70342PAN4<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |  10090000 | PA      | $10799559.07  | 0.51%             | 2054-10-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| PEFA Inc                                                                         | PEFA INC IA GAS PROJ REVENUE                                 | CUSIP: 70556CAB0<br>LEI: 549300RSE249DJNRHY07 | Long             | DBT              | MUN               | US        |  34720000 | PA      | $35034702.08  | 1.65%             | 2049-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV  | CUSIP: 708692BC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $976465.00    | 0.05%             | 2033-12-01      | Floating      | 0.95%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV  | CUSIP: 708692BJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8515087.50   | 0.40%             | 2037-08-01      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV  | CUSIP: 708692BT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5006670.00   | 0.24%             | 2041-06-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV  | CUSIP: 708692BV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999779.00    | 0.05%             | 2049-04-01      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE              | CUSIP: 70870JAW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $602027.40    | 0.03%             | 2035-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE              | CUSIP: 70870JCY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1256378.45   | 0.06%             | 2033-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE              | CUSIP: 70870JGX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12550000 | PA      | $13837353.90  | 0.65%             | 2060-03-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QV26<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   4110000 | PA      | $4361581.32   | 0.21%             | 2036-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | PENNSYLVANIA ST                                              | CUSIP: 70914PQ54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7930000 | PA      | $8557445.39   | 0.40%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Peoria Tazewell Etc Counties Community College District No 514                   | PEORIA TAZEWELL ETC CNTYS IL CMNTY CLG DIST #514             | CUSIP: 713244EV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2668477.50   | 0.13%             | 2027-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Peoria Tazewell Etc Counties Community College District No 514                   | PEORIA TAZEWELL ETC CNTYS IL CMNTY CLG DIST #514             | CUSIP: 713244EW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2756657.50   | 0.13%             | 2028-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Peshtigo School District                                                         | PESHTIGO WI SCH DIST                                         | CUSIP: 715777FE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002674.00   | 0.09%             | 2027-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                                          | PHILADELPHIA PA ARPT REVENUE                                 | CUSIP: 717817UF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1535353.50   | 0.07%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                                          | PHILADELPHIA PA ARPT REVENUE                                 | CUSIP: 717817UH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4577458.50   | 0.22%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                                          | PHILADELPHIA PA ARPT REVENUE                                 | CUSIP: 717817YR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1106995.00   | 0.05%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co                                                        | PHILADELPHIA PA GAS WKS REVENUE                              | CUSIP: 7178238J0<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012635.00   | 0.05%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co                                                        | PHILADELPHIA PA GAS WKS REVENUE                              | CUSIP: 7178238K7<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1082903.13   | 0.05%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co                                                        | PHILADELPHIA PA GAS WKS REVENUE                              | CUSIP: 71783MBM6<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |    750000 | PA      | $822752.25    | 0.04%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co                                                        | PHILADELPHIA PA GAS WKS REVENUE                              | CUSIP: 71783MBP9<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1090373.00   | 0.05%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                              | PHILADELPHIA PA SCH DIST                                     | CUSIP: 717883TH5<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009832.00   | 0.05%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                              | PHILADELPHIA PA SCH DIST                                     | CUSIP: 717883UU4<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |    440000 | PA      | $455588.76    | 0.02%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                              | PHILADELPHIA PA SCH DIST                                     | CUSIP: 717883VB5<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042317.00   | 0.05%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Municipal Authority                                                 | PHILADELPHIA PA MUNI AUTH REVENUE                            | CUSIP: 717904LN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1782249.00   | 0.08%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima/The                       | PIMA CNTY AZ INDL DEV AUTH                                   | CUSIP: 721901KP0<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    485000 | PA      | $493548.61    | 0.02%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sports & Exhibition Authority of Pittsburgh & Allegheny County                   | PITTSBURGH & ALLEGHENY CNTY PA SPORTS & EXHIBITION AUTH HOTE | CUSIP: 724791BW7<br>LEI: 254900JJT7A9Y409G258 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4435904.00   | 0.21%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                               | PITTSBURGH PA WTR & SWR AUTH                                 | CUSIP: 725304VE6<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1152992.00   | 0.05%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Polk County Housing Finance Authority                                            | POLK CNTY FL HSG FIN AUTH MF HSG REVENUE                     | CUSIP: 731903BN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005104.00   | 0.09%             | 2040-12-01      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| Poplar Bluff R-I School District                                                 | POPLAR BLUFF MO #R-I SCH DIST LEASE COPS                     | CUSIP: 733056CF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $853421.48    | 0.04%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Poplar Bluff R-I School District                                                 | POPLAR BLUFF MO #R-I SCH DIST LEASE COPS                     | CUSIP: 733056CG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $329553.30    | 0.02%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Poplar Bluff R-I School District                                                 | POPLAR BLUFF MO #R-I SCH DIST LEASE COPS                     | CUSIP: 733056CH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $547616.00    | 0.03%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Port Arthur TX                                                           | PORT ARTHUR TX                                               | CUSIP: 733488X39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1151272.83   | 0.05%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WK29<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2030240.00   | 0.10%             | 2035-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WS54<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2074120.00   | 0.10%             | 2032-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Port Arthur Navigation District                                          | PORT OF PORT ARTHUR TX NAV DIST                              | CUSIP: 735220AT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.47%             | 2040-04-01      | Floating      | 2.57%                 | No            |                  2 | On Loan: No      |
| Port of Port Arthur Navigation District                                          | PORT OF PORT ARTHUR TX NAV DIST                              | CUSIP: 735220AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.02%             | 2040-04-01      | Floating      | 2.57%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 7353892G2<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4457448.00   | 0.21%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389ZW1<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1522173.00   | 0.07%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Prosper Independent School District                                              | PROSPER TX INDEP SCH DIST                                    | CUSIP: 743600Y28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1122951.00   | 0.05%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE              | CUSIP: 74440DDS0<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |  18690000 | PA      | $18874900.17  | 0.89%             | 2052-08-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE              | CUSIP: 74440DEC4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9689013.00   | 0.46%             | 2054-04-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PCE3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1488081.14   | 0.07%             | 2045-10-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PL52<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1709156.80   | 0.08%             | 2041-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PL60<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2526146.00   | 0.12%             | 2041-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI RETMNT FAC REVENUE                        | CUSIP: 74444VBP4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    420000 | PA      | $421342.32    | 0.02%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI POLL CONTROL REVENUE                      | CUSIP: 74447HAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1443515.29   | 0.07%             | 2046-10-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI POLL CONTROL REVENUE                      | CUSIP: 74447HAB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3005000 | PA      | $3008762.26   | 0.14%             | 2046-10-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Raleigh Durham Airport Authority                                                 | RALEIGH DURHAM NC ARPT AUTH ARPT REVENUE                     | CUSIP: 751073MC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2288255.75   | 0.11%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District                                                 | REGL CO TRANSPRTN DIST PRIV ACTIVITY REVENUE                 | CUSIP: 759151BG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $360743.41    | 0.02%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District                                                 | REGL CO TRANSPRTN DIST PRIV ACTIVITY REVENUE                 | CUSIP: 759151BH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1902563.91   | 0.09%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District                                                 | REGL CO TRANSPRTN DIST PRIV ACTIVITY REVENUE                 | CUSIP: 759151BM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $650485.80    | 0.03%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reno-Tahoe Airport Authority                                                     | RENO-TAHOE NV ARPT AUTH ARPT REVENUE                         | CUSIP: 759874BX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1241582.63   | 0.06%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Housing & Mortgage Finance Corp                                     | RHODE ISLAND ST HSG & MTGE FIN CORP                          | CUSIP: 76221SEX5<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2990412.00   | 0.14%             | 2054-10-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| Rhode Island Student Loan Authority                                              | RHODE ISLAND ST STUDENT LOAN AUTH LOAN REVENUE               | CUSIP: 762323DJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $544465.00    | 0.03%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Student Loan Authority                                              | RHODE ISLAND ST STUDENT LOAN AUTH LOAN REVENUE               | CUSIP: 762323DK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $822419.25    | 0.04%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside County Public Financing Authority                                      | RIVERSIDE CNTY CA PUBLIC FINGAUTH                            | CUSIP: 76912TNX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $702431.40    | 0.03%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside County Public Financing Authority                                      | RIVERSIDE CNTY CA PUBLIC FINGAUTH                            | CUSIP: 76912TNY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1185283.00   | 0.06%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rock Island County School District No 41 Rock Island/Milan                       | ROCK ISLAND CNTY IL SCH DIST #41 ROCK ISLAND                 | CUSIP: 772436FT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $270257.76    | 0.01%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rock Island County School District No 41 Rock Island/Milan                       | ROCK ISLAND CNTY IL SCH DIST #41 ROCK ISLAND                 | CUSIP: 772436FU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $358313.76    | 0.02%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rockport IN                                                              | ROCKPORT IN POLL CONTROL REVENUE                             | CUSIP: 773835BY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019324.00   | 0.05%             | 2047-06-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                    | SALES TAX SECURITIZATION CORP IL                             | CUSIP: 79467BAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3655000 | PA      | $3814559.03   | 0.18%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                    | SALES TAX SECURITIZATION CORP IL                             | CUSIP: 79467BAK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2790000 | PA      | $2900475.63   | 0.14%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                    | SALES TAX SECURITIZATION CORP IL                             | CUSIP: 79467BCE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3162441.00   | 0.15%             | 2035-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576FS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1476578.50   | 0.07%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576LS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $546833.50    | 0.03%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576MQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2809165.00   | 0.13%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 7962535R9<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2505250.00   | 0.12%             | 2032-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 79625GNF6<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3525620.00   | 0.17%             | 2055-02-01      | Floating      | 3.20%                 | No            |                  2 | On Loan: No      |
| San Antonio Independent School District/TX                                       | SAN ANTONIO TX INDEP SCH DIST                                | CUSIP: 796269L55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2353663.52   | 0.11%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Housing Trust Public Facility Corp                                   | SAN ANTONIO TX HSG TRUST PUBLIC FAC CORP MF HSG REVENUE      | CUSIP: 79626VAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2012288.00   | 0.09%             | 2029-07-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| San Antonio Municipal Facilities Corp                                            | SAN ANTONIO TX MUNI FACS CORP LEASE REVENUE                  | CUSIP: 796312DG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3946174.60   | 0.19%             | 2050-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Public Facilities Corp                                               | SAN ANTONIO TX PUB FACS CORP LEASE REVENUE                   | CUSIP: 796334BJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2155000 | PA      | $2454596.72   | 0.12%             | 2032-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                      | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE             | CUSIP: 79739GGC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029384.00   | 0.05%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CA CITY &CNTY ARPTS COMMN INTL ARPT REV        | CUSIP: 79766DXL8<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $4223883.75   | 0.20%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CA CITY &CNTY ARPTS COMMN INTL ARPT REV        | CUSIP: 79766DXM6<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7903735.00   | 0.37%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Sandoval NM                                                            | SANDOVAL CNTY NM                                             | CUSIP: 80004PEZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $217840.14    | 0.01%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sangamon County School District No 186 Springfield                               | SANGAMON CNTY IL SCH DIST #186 SPRINGFIELD                   | CUSIP: 800766LA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1690704.74   | 0.08%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sangamon County School District No 186 Springfield                               | SANGAMON CNTY IL SCH DIST #186 SPRINGFIELD                   | CUSIP: 800766NA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2238829.20   | 0.11%             | 2035-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Santa Clara County Financing Authority                                           | SANTA CLARA CNTY CA FING AUTH                                | CUSIP: 801577KY2<br>LEI: 549300A73O1Q5POHAT69 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001251.00   | 0.05%             | 2032-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Santa Fe NM Gross Receipts Tax Revenue                                   | SANTA FE NM GROSS RECPTS TAX REVENUE                         | CUSIP: 802072RW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $951563.70    | 0.04%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Santa Fe NM                                                              | SANTA FE NM RETMNT FAC REVENUE                               | CUSIP: 802170AG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $720118.80    | 0.03%             | 2027-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Santa Margarita Water District                                                   | SANTA MARGARITA CA WTR DIST SPL TAX                          | CUSIP: 802242FX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $363427.05    | 0.02%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gretna Public Schools                                                            | SARPY CNTY NE SCH DIST #37                                   | CUSIP: 803770XB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3006225.00   | 0.14%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Savannah Economic Development Authority                                          | SAVANNAH GA ECON DEV AUTH                                    | CUSIP: 80483CRH6<br>LEI: 549300Q7LO1N6BCXOD30 | Long             | DBT              | MUN               | US        |    830000 | PA      | $840061.26    | 0.04%             | 2033-11-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| City of Scranton PA                                                              | SCRANTON PA                                                  | CUSIP: 810759QK9<br>LEI: 549300L3VEEX7ZRPMU24 | Long             | DBT              | MUN               | US        |   2085000 | PA      | $2147078.79   | 0.10%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA                                                               | SEATTLE WA                                                   | CUSIP: 8126265A3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000517.00   | 0.05%             | 2032-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Shelby County Health Educational & Housing Facilities Board                      | SHELBY CNTY TN HLTH EDUCTNL &HSG FACS BRD REVENUE            | CUSIP: 821697S34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1281411.18   | 0.06%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shelby County Health Educational & Housing Facilities Board                      | SHELBY CNTY TN HLTH EDUCTNL &HSG FACS BRD REVENUE            | CUSIP: 821697Z44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7909804.00   | 0.37%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA                                                            | SHREVEPORT LA                                                | CUSIP: 8254345Q2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1085982.00   | 0.05%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA                                                            | SHREVEPORT LA                                                | CUSIP: 8254345R0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1097876.00   | 0.05%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA Water & Sewer Revenue                                      | SHREVEPORT LA WTR & SWR REVENUE                              | CUSIP: 825485WK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1568386.50   | 0.07%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH ECON DEV REVENUE        | CUSIP: 837031H63<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1191665.03   | 0.06%             | 2062-03-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH ECON DEV REVENUE        | CUSIP: 837031J38<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1365973.90   | 0.06%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE       | CUSIP: 837033KV0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    750000 | PA      | $767551.50    | 0.04%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH REVENUE                 | CUSIP: 837036HD7<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    750000 | PA      | $769572.75    | 0.04%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA JOBS-ECON DEV AUTH ENVRNMNTL IMPT REVENUE     | CUSIP: 83703DAA5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500708.00    | 0.02%             | 2033-04-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP FACS REVENUE       | CUSIP: 83703EMU6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    835000 | PA      | $924209.73    | 0.04%             | 2049-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| South Dakota Health & Educational Facilities Authority                           | SOUTH DAKOTA ST HLTH & EDUCTNL FACS AUTH                     | CUSIP: 83755VW83<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1398166.25   | 0.07%             | 2051-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE              | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5191015.00   | 0.24%             | 2053-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE              | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3729670.00   | 0.18%             | 2053-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                     | CUSIP: 84136HDM2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2142448.00   | 0.10%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Overtown Park West Community Redevelopment Agency                      | S E OVERTOWN PARK W CMNTY REDEV AGY FL TAX                   | CUSIP: 841466AY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2617257.40   | 0.12%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Illinois University                                                     | STHRN ILLINOIS ST UNIV                                       | CUSIP: 8431464X6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $710686.60    | 0.03%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Illinois University                                                     | STHRN ILLINOIS ST UNIV                                       | CUSIP: 8431465M9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $524086.00    | 0.02%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Illinois University                                                     | STHRN ILLINOIS ST UNIV                                       | CUSIP: 8431465N7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $706306.26    | 0.03%             | 2029-04-01      | 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        |    740000 | PA      | $806625.90    | 0.04%             | 2030-04-01      | 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        |    550000 | PA      | $609611.20    | 0.03%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Illinois University                                                     | STHRN ILLINOIS ST UNIV                                       | CUSIP: 8431465R8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $533856.30    | 0.03%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southwest Independent School District                                            | S W TX INDEP SCH DIST                                        | CUSIP: 845267E90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1412365.00   | 0.07%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southwest Independent School District                                            | S W TX INDEP SCH DIST                                        | CUSIP: 845267F24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1515055.05   | 0.07%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Spokane WA Airport Revenue                                             | SPOKANE CNTY WA ARPT REVENUE                                 | CUSIP: 848661JF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2035000 | PA      | $2231190.28   | 0.11%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Spokane WA Airport Revenue                                             | SPOKANE CNTY WA ARPT REVENUE                                 | CUSIP: 848661JG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2140000 | PA      | $2365076.64   | 0.11%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Spokane WA Airport Revenue                                             | SPOKANE CNTY WA ARPT REVENUE                                 | CUSIP: 848661JH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1247440.32   | 0.06%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Spokane WA Airport Revenue                                             | SPOKANE CNTY WA ARPT REVENUE                                 | CUSIP: 848661JJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2355000 | PA      | $2597411.93   | 0.12%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southwestern Illinois Community College District No 522                          | SAINT CLAIR MADISON MONROE ETC CNTYS IL CMNTY CLG DIST       | CUSIP: 85227XEA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1722495.00   | 0.08%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State Public School Building Authority                                           | STATE PUBLIC SCH BLDG AUTH PA LEASE REVENUE                  | CUSIP: 85732GUE8<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |   3550000 | PA      | $3617190.85   | 0.17%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State Public School Building Authority                                           | STATE PUBLIC SCH BLDG AUTH PA LEASE REVENUE                  | CUSIP: 85732GUG3<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1524231.00   | 0.07%             | 2032-06-01      | 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      | $2541097.50   | 0.12%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STC Metropolitan District No 2                                                   | STC MET DIST #2 CO                                           | CUSIP: 85780TAT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3875000 | PA      | $4291686.50   | 0.20%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STC Metropolitan District No 2                                                   | STC MET DIST #2 CO                                           | CUSIP: 85780TAU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3210000 | PA      | $3545140.05   | 0.17%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STC Metropolitan District No 2                                                   | STC MET DIST #2 CO                                           | CUSIP: 85780TAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3420000 | PA      | $3759137.46   | 0.18%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE           | CUSIP: 87638TGG2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    840000 | PA      | $882441.84    | 0.04%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE           | CUSIP: 87638TGH0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   6150000 | PA      | $6450944.10   | 0.30%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE           | CUSIP: 87638TGJ6<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4195920.00   | 0.20%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE           | CUSIP: 87638THC0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   5520000 | PA      | $5996331.84   | 0.28%             | 2053-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Housing Finance Corp                                              | TARRANT CNTY TX HSG FIN CORP                                 | CUSIP: 876394UN5<br>LEI: 54930055IA4O4ZTEN156 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033689.00   | 0.05%             | 2028-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                                 | TENNERGY CORP TN GAS REVENUE                                 | CUSIP: 880397BW3<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |  14730000 | PA      | $14919575.10  | 0.70%             | 2051-12-01      | Floating      | 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        |   1400000 | PA      | $1505056.00   | 0.07%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                                | TENNESSEE ENERGY ACQUISITION CORP COMMODITY PROJECT REVENUE  | CUSIP: 88044TAL3<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |  24310000 | PA      | $26145380.69  | 1.23%             | 2052-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                             | TENNESSEE HSG DEV AGY RSDL FIN PROGRAM REVENUE               | CUSIP: 88046KEF9<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    375000 | PA      | $381878.25    | 0.02%             | 2032-01-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                             | TENNESSEE HSG DEV AGY RSDL FIN PROGRAM REVENUE               | CUSIP: 88046KEH5<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    475000 | PA      | $484213.58    | 0.02%             | 2033-01-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                             | TENNESSEE HSG DEV AGY RSDL FIN PROGRAM REVENUE               | CUSIP: 88046KEJ1<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    475000 | PA      | $484181.75    | 0.02%             | 2033-07-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                             | TENNESSEE HSG DEV AGY RSDL FIN PROGRAM REVENUE               | CUSIP: 88046KEK8<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    945000 | PA      | $964344.15    | 0.05%             | 2034-01-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                             | TENNESSEE HSG DEV AGY RSDL FIN PROGRAM REVENUE               | CUSIP: 88046KQG4<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1416970.34   | 0.07%             | 2034-01-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                             | TENNESSEE HSG DEV AGY RSDL FIN PROGRAM REVENUE               | CUSIP: 88046KQH2<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    685000 | PA      | $727185.73    | 0.03%             | 2034-07-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                             | TENNESSEE HSG DEV AGY RSDL FIN PROGRAM REVENUE               | CUSIP: 88046KQJ8<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    460000 | PA      | $488534.26    | 0.02%             | 2035-01-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp VI                                 | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP VI GAS SPLY REV    | CUSIP: 88256FAK8<br>LEI: 254900OCOQCKZZ4U6C83 | Long             | DBT              | MUN               | US        |   4350000 | PA      | $4651307.10   | 0.22%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp III                                | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP III GAS SPLY REVEN  | CUSIP: 88256HBD9<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1443805.68   | 0.07%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp III                                | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP III GAS SPLY REVEN  | CUSIP: 88256HBE7<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3706559.50   | 0.17%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp III                                | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP III GAS SPLY REVEN  | CUSIP: 88256HBF4<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |  22500000 | PA      | $24051082.50  | 1.14%             | 2030-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp III                                | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP III GAS SPLY REVEN  | CUSIP: 88256HBG2<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |  38965000 | PA      | $41923144.87  | 1.98%             | 2031-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp III                                | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP III GAS SPLY REVEN  | CUSIP: 88256HBH0<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |    935000 | PA      | $1008255.38   | 0.05%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas State Affordable Housing Corp                                              | TEXAS ST AFFORDABLE HSG CORP MF HSG REVENUE                  | CUSIP: 88271FFP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005700.00   | 0.09%             | 2044-07-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| Texas Department of Housing & Community Affairs                                  | TEXAS ST DEPT OF HSG & CMNTY AFFAIRS RESDL MTG REVENUE       | CUSIP: 882750F31<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1489293.16   | 0.07%             | 2034-01-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Texas Department of Housing & Community Affairs                                  | TEXAS ST DEPT OF HSG & CMNTY AFFAIRS RESDL MTG REVENUE       | CUSIP: 882750F49<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1164261.24   | 0.05%             | 2034-07-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Texas Department of Housing & Community Affairs                                  | TEXAS ST DEPT OF HSG & CMNTY AFFAIRS RESDL MTG REVENUE       | CUSIP: 882750F56<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |    365000 | PA      | $381827.96    | 0.02%             | 2035-01-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Texas Department of Housing & Community Affairs                                  | TEXAS ST DEPT OF HSG & CMNTY AFFAIRS RESDL MTG REVENUE       | CUSIP: 882750F64<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |    715000 | PA      | $746930.47    | 0.04%             | 2035-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Texas State Technical College                                                    | TEXAS ST TECH CLG SYS FING SYS REVENUE                       | CUSIP: 88276RFB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2492532.00   | 0.12%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas State Technical College                                                    | TEXAS ST TECH CLG SYS FING SYS REVENUE                       | CUSIP: 88276RFC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2243230.00   | 0.11%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas State Technical College                                                    | TEXAS ST TECH CLG SYS FING SYS REVENUE                       | CUSIP: 88276RFD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2601159.70   | 0.12%             | 2033-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Texas Public Finance Authority                                                   | TEXAS ST PUBLIC FIN AUTH REVENUE                             | CUSIP: 88277PAT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $787531.50    | 0.04%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Public Finance Authority                                                   | TEXAS ST PUBLIC FIN AUTH REVENUE                             | CUSIP: 88277PAU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1128395.00   | 0.05%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854A85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5080890.00   | 0.24%             | 2034-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854J29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016911.00   | 0.05%             | 2035-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854XV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2925000 | PA      | $2942418.38   | 0.14%             | 2035-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Woman's University                                                         | TEXAS ST WOMANS UNIV FING SYSREVENUE                         | CUSIP: 882874MP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2247048.00   | 0.11%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Woman's University                                                         | TEXAS ST WOMANS UNIV FING SYSREVENUE                         | CUSIP: 882874MQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1139840.00   | 0.05%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Woman's University                                                         | TEXAS ST WOMANS UNIV FING SYSREVENUE                         | CUSIP: 882874MR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1443757.73   | 0.07%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tompkins County Development Corp                                                 | TOMPKINS CNTY NY DEV CORP REVENUE                            | CUSIP: 890096CV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $256962.00    | 0.01%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX      | CUSIP: 89602HEY9<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2281714.00   | 0.11%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                  | CUSIP: 89602N7K4<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   4170000 | PA      | $4290016.77   | 0.20%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Truckee Meadows Water Authority                                                  | TRUCKEE MEADOWS NV WTR AUTH WTR REVENUE                      | CUSIP: 897825GQ2<br>LEI: 549300GC367BYY1WT202 | Long             | DBT              | MUN               | US        |   5070000 | PA      | $5131706.97   | 0.24%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tustin Unified School District                                                   | TUSTIN CA UNIF SCH DIST                                      | CUSIP: 901073GZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502419.50   | 0.07%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UAB Medicine Finance Authority                                                   | UAB MEDICINE FIN AUTH AL REVENUE                             | CUSIP: 902562CA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $571785.20    | 0.03%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UAB Medicine Finance Authority                                                   | UAB MEDICINE FIN AUTH AL REVENUE                             | CUSIP: 902562DB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063977.00   | 0.05%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                         | UNIV OF CALIFORNIA REVENUES                                  | CUSIP: 91412GX34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027233.00   | 0.05%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp                                                                | UTAH ST HSG CORP MF REVENUE                                  | CUSIP: 917434DF6<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1958732.10   | 0.09%             | 2043-08-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp                                                                | UTAH ST HSG CORP MF REVENUE                                  | CUSIP: 917434DL3<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |    590000 | PA      | $585391.51    | 0.03%             | 2045-09-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Utah Telecommunication Open Infrastructure Agency                                | UTAH ST TELECOMMUNICATION OPEN INFRASTRUCTURE AGY SALES TAX  | CUSIP: 91756SAL7<br>LEI: 549300LCGT5UXUJ1LP77 | Long             | DBT              | MUN               | US        |    500000 | PA      | $569937.50    | 0.03%             | 2033-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Vancouver Housing Authority                                                      | VANCOUVER WA HSG AUTH                                        | CUSIP: 921626PT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2497630.00   | 0.12%             | 2034-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Venice FL                                                                | VENICE FL                                                    | CUSIP: 922687AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750828.00    | 0.04%             | 2030-01-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                       | VIRGINIA ST CMWLTH TRANSPRTN BRD FEDERAL TRANSPRTRN GRANT    | CUSIP: 92778UCD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2077122.00   | 0.10%             | 2028-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                       | VIRGINIA ST CMWLTH TRANSPRTN BRD TRANSPRTN REVENUE           | CUSIP: 927793E54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2037746.00   | 0.10%             | 2035-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                       | VIRGINIA ST CMWLTH TRANSPRTN BRD TRANSPRTN REVENUE           | CUSIP: 927793ZK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2509710.00   | 0.12%             | 2032-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                 | CUSIP: 928104MP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1478922.20   | 0.07%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                 | CUSIP: 928104MS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1306268.08   | 0.06%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Volusia County School Board                                                      | VOLUSIA CNTY FL SCH BRD COPS                                 | CUSIP: 92884EJJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $951661.55    | 0.04%             | 2032-08-01      | Fixed         | 5.00%                 | 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        |   2000000 | PA      | $2110110.00   | 0.10%             | 2034-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Warsaw Community Schools                                                         | WARSAW IN CMNTY SCHS                                         | CUSIP: 936376DQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1970000 | PA      | $1971237.16   | 0.09%             | 2026-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST COPS                                           | CUSIP: 939720YW2<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    650000 | PA      | $683127.90    | 0.03%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783X84<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2968932.00   | 0.14%             | 2036-07-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WASHINGTON ST HLTH CARE FACS AUTH                            | CUSIP: 93978HUV5<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2611177.50   | 0.12%             | 2030-10-01      | 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        |    940000 | PA      | $941372.40    | 0.04%             | 2049-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WASHINGTON ST HLTH CARE FACS AUTH                            | CUSIP: 93978HVJ1<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    780000 | PA      | $820822.08    | 0.04%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT REVENUE           | CUSIP: 93978LGL4<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    735000 | PA      | $787314.36    | 0.04%             | 2033-07-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION MF HSG REVENUE              | CUSIP: 93978PPU5<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1511922.00   | 0.07%             | 2043-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION MF HSG REVENUE              | CUSIP: 93978PPV3<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022603.00   | 0.05%             | 2028-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION MF TAX-EXEMPT MTGE-BACKED   | CUSIP: 93979AAC3<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1473178.50   | 0.07%             | 2034-07-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| County of Washoe NV                                                              | WASHOE CNTY NV WTR FAC REVENUE                               | CUSIP: 940865BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2027182.00   | 0.10%             | 2036-03-01      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| County of Waushara WI                                                            | WAUSHARA CNTY WI                                             | CUSIP: 943445CH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1261360.80   | 0.06%             | 2027-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Wayne State University                                                           | WAYNE MI ST UNIV REVENUES                                    | CUSIP: 946303K86<br>LEI: 549300GWQMQVAS66E613 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1502844.20   | 0.07%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne State University                                                           | WAYNE MI ST UNIV REVENUES                                    | CUSIP: 946303VR2<br>LEI: 549300GWQMQVAS66E613 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1881226.88   | 0.09%             | 2034-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Weslaco TX                                                               | WESLACO TX                                                   | CUSIP: 950868XJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $458467.60    | 0.02%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Central Ohio Port Authority                                                 | WEST CENTRL OHIO PORT AUTH OH REVENUE                        | CUSIP: 95184BAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $643599.00    | 0.03%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Lafayette Redevelopment Authority                                           | WEST LAFAYETTE REDEV AUTH LEASE RENTAL                       | CUSIP: 95370EAU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $845076.00    | 0.04%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Lafayette Redevelopment Authority                                           | WEST LAFAYETTE REDEV AUTH LEASE RENTAL                       | CUSIP: 95370EAV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1571481.80   | 0.07%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Lafayette Redevelopment Authority                                           | WEST LAFAYETTE REDEV AUTH LEASE RENTAL                       | CUSIP: 95370EAW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2820000 | PA      | $3153146.34   | 0.15%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westchester County Local Development Corp                                        | WESTCHESTER CNTY NY LOCAL DEV CORP REVENUE                   | CUSIP: 95737TEH5<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |    200000 | PA      | $204061.80    | 0.01%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRISTATE INSURED CASH SWEEP                                                      | TRISTATE INSURED CASH SWEEP                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |     21018 | PA      | $21018.11     | 0.00%             | 2050-10-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| Williamson County Industrial Development Board                                   | WILLIAMSON CNTY TN INDL DEV BRD MF REVENUE                   | CUSIP: 969878AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2034922.00   | 0.10%             | 2042-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue        | WISCONSIN ST HSG & ECON DEV AUTH HOME OWNERSHIP REVENUE      | CUSIP: 97689QUN4<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1873239.72   | 0.09%             | 2033-09-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority                               | WISCONSIN ST HSG & ECON DEV AUTH MF HSG                      | CUSIP: 97689RFC3<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019144.00   | 0.05%             | 2027-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority                               | WISCONSIN ST HSG & ECON DEV AUTH MF HSG                      | CUSIP: 97689RFF6<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2300856.75   | 0.11%             | 2058-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Housing Revenue               | WISCONSIN ST HSG & ECON DEV AUTH HSG REVENUE                 | CUSIP: 9769043W0<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1044997.91   | 0.05%             | 2054-05-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712JEF6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    375000 | PA      | $378663.75    | 0.02%             | 2054-08-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712JJA2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   5470000 | PA      | $6114519.16   | 0.29%             | 2054-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712JNW9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1154446.00   | 0.05%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yorkville-Bristol Sanitation District                                            | YORKVILLE-BRISTOL IL SANTN DIST                              | CUSIP: 987342BE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $282041.50    | 0.01%             | 2033-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yorkville-Bristol Sanitation District                                            | YORKVILLE-BRISTOL IL SANTN DIST                              | CUSIP: 987342BF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $469465.08    | 0.02%             | 2034-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yorkville-Bristol Sanitation District                                            | YORKVILLE-BRISTOL IL SANTN DIST                              | CUSIP: 987342BG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $488229.28    | 0.02%             | 2035-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-26

**Name of Applicant:** THORNBURG INVESTMENT TRUST

**Signature:** Christopher Luckham

**Name of Signer:** Christopher Luckham

**Title:** Manager - Fund Admin