# EDGAR Filing Document

**Accession Number:** 0000035315
**File Stem:** 0000035402-26-004144
**Filing Date:** 2026-6
**Character Count:** 271657
**Document Hash:** 436685eeb92cd2c78b1c797b2177adb2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-004144.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0000035402-26-004144

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260626

**PERIOD START**: 20270131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY SALEM STREET TRUST
- **CENTRAL INDEX KEY:** 0000035315

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02105
- **FILM NUMBER:** 261127164

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY FLEXIBLE BOND FUND
- **DATE OF NAME CHANGE:** 19860904

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY CORPORATE BOND FUND INC
- **DATE OF NAME CHANGE:** 19851225

## Series and Classes Contracts Data

### Fidelity SAI Conservative Income Municipal Bond Fund (Series ID: S000082358)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000245667 | Fidelity SAI Conservative Income Municipal Bond Fund | FSMJX           |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® SAI Conservative Income Municipal Bond Fund**

**April 30, 2026**

Offered exclusively to certain clients of the Adviser, or its affiliates, including Strategic Advisers LLC (Strategic Advisers) - not available for sale to the general public. Fidelity® SAI is a product name of Fidelity® funds dedicated to certain programs affiliated with Strategic Advisers.

CIM-NPRT1-0626

1.9910241.102 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Municipal Securities - 100.2%** | &nbsp;&nbsp;**Municipal Securities - 100.2%** | &nbsp;&nbsp;**Municipal Securities - 100.2%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| Alabama - 6.5%  |  |  |
| Electric Utilities - 0.1% |  |  |
| Mobile AL Indl Dev Board Poll Cont Rev (Alabama Power & Light Proj.) 3.78% tender 6/1/2034 (c) | 505000 | 505458 |
| Mobile AL Indl Dev Board Poll Cont Rev (Alabama Power & Light Proj.) Series 2008, 2.75% tender 7/15/2034 (c) | 875000 | 866903 |
| TOTAL ELECTRIC UTILITIES |  | 1372361 |
| General Obligations - 2.9% |  |  |
| Black Belt Energy Gas Dist Ala Gas Supply Rev 4% tender 7/1/2052 (Liquidity Facility Royal Bank of Canada), (Royal Bank of Canada Guaranteed) (c) | 2055000 | 2076413 |
| Black Belt Energy Gas District 5% 5/1/2029 (BP PLC Guaranteed)  | 525000 | 544582 |
| Black Belt Energy Gas District 5% 7/1/2027 (Goldman Sachs Group Inc/The Guaranteed)  | 350000 | 356048 |
| Black Belt Energy Gas District 5% 7/1/2028 (Goldman Sachs Group Inc/The Guaranteed)  | 850000 | 874988 |
| Black Belt Energy Gas District 5% 7/1/2029 (Goldman Sachs Group Inc/The Guaranteed)  | 255000 | 265323 |
| Black Belt Energy Gas District 5.25% 6/1/2026 (Morgan Stanley Guaranteed)  | 445000 | 445665 |
| Black Belt Energy Gas District 5.25% tender 2/1/2053 (Morgan Stanley Guaranteed) (c) | 8040000 | 8423608 |
| Black Belt Energy Gas District Series 2021 B, 4% tender 10/1/2052 (Goldman Sachs Group Inc/The Guaranteed) (c) | 13330000 | 13393107 |
| Black Belt Energy Gas District Series 2022 E, 5% 6/1/2026 (Canadian Imperial Bank of Commerce/New York NY Guaranteed)  | 795000 | 796085 |
| Black Belt Energy Gas District Series 2023 D 1, 5.5% tender 6/1/2049 (Goldman Sachs Group Inc/The Guaranteed) (c) | 1510000 | 1584999 |
| Black Belt Energy Gas District Series 2023C, 5.5% 6/1/2026 (Goldman Sachs Group Inc/The Guaranteed)  | 430000 | 430760 |
| Black Belt Energy Gas District Series 2023C, 5.5% 6/1/2027 (Goldman Sachs Group Inc/The Guaranteed)  | 140000 | 142996 |
| Black Belt Energy Gas District Series 2025 D, 5% 8/1/2026 (Pacific Life Insurance Co Guaranteed)  | 1465000 | 1470894 |
| Black Belt Energy Gas District Series 2025 D, 5% 8/1/2027 (Pacific Life Insurance Co Guaranteed)  | 1065000 | 1086064 |
| Southeast Energy Authority A Cooperative District 5% 1/1/2028 (Athene Annuity and Life Co Guaranteed)  | 750000 | 759139 |
| Southeast Energy Authority A Cooperative District 5% 7/1/2026 (Athene Annuity and Life Co Guaranteed)  | 550000 | 550648 |
| Southeast Energy Authority A Cooperative District 5% 7/1/2027 (Athene Annuity and Life Co Guaranteed)  | 750000 | 756705 |
| Southeast Energy Authority A Cooperative District Series 2024C, 5% 11/1/2026 (Pacific Life Insurance Co Guaranteed)  | 605000 | 610052 |
| Southeast Energy Authority A Cooperative District Series 2024C, 5% 11/1/2027 (Pacific Life Insurance Co Guaranteed)  | 605000 | 619651 |
| Southeast Energy Authority A Cooperative District Series 2025E, 5% 10/1/2028 (JPMorgan Securities LLC Guaranteed)  | 4275000 | 4457388 |
| Southeast Energy Authority A Cooperative District Series 2025E, 5% 10/1/2029 (JPMorgan Securities LLC Guaranteed)  | 1945000 | 2053216 |
| TOTAL GENERAL OBLIGATIONS |  | 41698331 |
| Health Care - 0.1% |  |  |
| Health Care Auth For Bapt Hlth Ala Series 2013B, 4.47% 11/1/2042 VRDN (c) | 1771000 | 1771000 |
| Industrial Development - 0.7% |  |  |
| Decatur AL Indl Dev Brd Exempt (Nucor Corp Proj.) 3.47% 8/1/2036 VRDN (b)(c) | 9710000 | 9710000 |
| Synthetics - 2.7% |  |  |
| Black Belt Energy Gas Dist Ala Gas Supply Rev Participating VRDN Series 2023 XM1110, 3.39% 12/1/2053 (Liquidity Facility Royal Bank of Canada NY) (c)(e) | 3200000 | 3200000 |
| Black Belt Energy Gas District Participating VRDN 3.34% 2/1/2053 (Liquidity Facility Morgan Stanley Bank NA) (c)(e) | 1605000 | 1605000 |
| Southeast Energy Auth Commodity Supply Rev Ala Participating VRDN 3.39% 1/1/2053 (Liquidity Facility Morgan Stanley Bank NA) (c)(e) | 21400000 | 21400000 |
| Southeast Energy Auth Commodity Supply Rev Ala Participating VRDN Series 2022 XM1062, 3.39% 1/1/2053 (Liquidity Facility Morgan Stanley Bank NA) (c)(e) | 12900000 | 12900000 |
| TOTAL SYNTHETICS |  | 39105000 |
| Water & Sewer - 0.0% |  |  |
| Jefferson Cnty AL Swr Rev 5% 10/1/2026  | 310000 | 312710 |
| Jefferson Cnty AL Swr Rev 5% 10/1/2027  | 290000 | 298640 |
| TOTAL WATER & SEWER |  | 611350 |
| TOTAL ALABAMA |  | 94268042 |
| Alaska - 0.1%  |  |  |
| General Obligations - 0.1% |  |  |
| Alaska St Gen. Oblig. Series 2025 A, 5% 8/1/2026  | 890000 | 895052 |
| Alaska St Gen. Oblig. Series 2025 A, 5% 8/1/2027  | 695000 | 715603 |
| TOTAL ALASKA |  | 1610655 |
| Arizona - 5.4%  |  |  |
| Electric Utilities - 2.2% |  |  |
| Maricopa Cnty AZ Pollution Ctl (Arizona Public Service Co Proj.) 3.29% 5/1/2029 VRDN (c) | 17300000 | 17300000 |
| Maricopa Cnty AZ Pollution Ctl (Arizona Public Service Co Proj.) 3.29% 5/1/2029 VRDN (c) | 13600000 | 13600000 |
| TOTAL ELECTRIC UTILITIES |  | 30900000 |
| General Obligations - 0.2% |  |  |
| Salt Verde Finl Corp Gas Rev AZ 5.25% 12/1/2026 (Citigroup Inc Guaranteed)  | 2400000 | 2425901 |
| Health Care - 0.5% |  |  |
| Maricopa Cnty Ariz Indl Dev Auth Hosp Rev (Honorhealth Proj.) Series 2024 D, 5% 12/1/2026  | 3345000 | 3387870 |
| Maricopa Cnty Ariz Indl Dev Auth Hosp Rev (Honorhealth Proj.) Series 2024 D, 5% 12/1/2027  | 2685000 | 2780814 |
| Maricopa Cnty AZ Ida Rev (Banner Health System Proj.) Series 2019 D, 5% tender 1/1/2046 (c) | 1500000 | 1501264 |
| TOTAL HEALTH CARE |  | 7669948 |
| Housing - 0.9% |  |  |
| Arizona St Indl Dev Auth Multifamily Hsg Rev 2.76% tender 7/1/2047 (c) | 5460000 | 5405540 |
| Arizona St Indl Dev Auth Multifamily Hsg Rev Series 2024, 5% tender 3/1/2045 (c) | 1082000 | 1089049 |
| Pima Cnty AZ Ida Multifamily 2.71% tender 10/1/2059 (c) | 6645000 | 6591376 |
| TOTAL HOUSING |  | 13085965 |
| Industrial Development - 0.5% |  |  |
| Chandler AZ Indl Deve Auth Idr (Intel Corp Proj.) 5% tender 9/1/2052 (b)(c) | 7300000 | 7390264 |
| Resource Recovery - 0.2% |  |  |
| Phoenix Ariz Indl Dev Auth Solid Waste Disp Rev (Republic Services Inc Proj.) 2.95% tender 12/1/2035 (b)(c) | 3500000 | 3500000 |
| Synthetics - 0.7% |  |  |
| Arizona Ind Dev Auth Multi Fam Hsg Auth Participating VRDN Series 2023 MIZ9157, 3.32% 12/1/2063 (Liquidity Facility Mizuho Capital Markets LLC) (c)(d)(e) | 1094031 | 1094031 |
| Arizona Indl Dev Auth Participating VRDN Series 2023 XF3174, 3.37% 11/1/2041 (Liquidity Facility Mizuho Capital Markets LLC) (c)(e) | 9350000 | 9350000 |
| TOTAL SYNTHETICS |  | 10444031 |
| Transportation - 0.2% |  |  |
| Phoenix AZ Cvc Imp Crp Apr Rev Series 2023, 5% 7/1/2026 (b) | 2430000 | 2436944 |
| TOTAL ARIZONA |  | 77853053 |
| Arkansas - 0.1%  |  |  |
| Industrial Development - 0.1% |  |  |
| Blytheville AR Indl Dev Rev (Nucor Corp Proj.) 3.47% 6/1/2028 VRDN (b)(c) | 1900000 | 1900000 |
| California - 9.6%  |  |  |
| Electric Utilities - 0.2% |  |  |
| Southern CA Pub Pwr Auth Southn Trans Sys Renewal Proj Rev (Southern Ca Pub Pwr Auth Proj.) Series 2025 2, 5% tender 7/1/2053 (c) | 2535000 | 2659192 |
| Escrowed/Pre-Refunded - 0.0% |  |  |
| Port Oakland Calif Rev 5% 5/1/2026 (Escrowed to Maturity) (b) | 5000 | 4999 |
| General Obligations - 0.2% |  |  |
| California Community Choice Financing Authority 5% 12/1/2026 (Athene Annuity and Life Co Guaranteed)  | 1000000 | 1005900 |
| California Community Choice Financing Authority 5% 3/1/2028 (Morgan Stanley Guaranteed)  | 1805000 | 1857407 |
| TOTAL GENERAL OBLIGATIONS |  | 2863307 |
| Housing - 0.8% |  |  |
| California Hsg Fin Agy Ltd Oblig Multifamily Hsg Rev Series 2026 T, 0% tender 5/1/2056 (c)(f) | 9428000 | 9415870 |
| Los Angeles CA Multifamily Rev Series 2026D, 2.85% tender 5/1/2060 (c) | 2863000 | 2854695 |
| TOTAL HOUSING |  | 12270565 |
| Resource Recovery - 3.5% |  |  |
| California Mun Fin Auth Solid Waste Disp Rev (Republic Services Inc Proj.) Series 2021 B, 3.25% tender 7/1/2051 (b)(c) | 300000 | 299888 |
| California Mun Fin Auth Solid Waste Disp Rev (Republic Services Inc Proj.) Series 2021A, 2.95% tender 7/1/2041 (b)(c) | 7300000 | 7294573 |
| California Mun Fin Auth Solid Waste Disp Rev (Republic Services Inc Proj.) Series 2026A, 2.8% tender 3/1/2056 (b)(c) | 2300000 | 2298453 |
| California Mun Fin Auth Solid Waste Disp Rev (Waste Management Inc Del Proj.) 2.875% tender 11/1/2046 (b)(c) | 2750000 | 2748757 |
| California Mun Fin Auth Solid Waste Disp Rev (Waste Management Inc Del Proj.) 3.3% tender 2/1/2039 (c)(h) | 4000000 | 4007025 |
| California Mun Fin Auth Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2017 A, 3.45% tender 12/1/2044 (b)(c) | 8200000 | 8219822 |
| California Mun Fin Auth Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2020, 2.875% tender 10/1/2045 (b)(c) | 5250000 | 5247626 |
| California Mun Fin Auth Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2020B, 3.85% tender 11/1/2041 (b)(c) | 6250000 | 6248798 |
| California Mun Fin Auth Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2022A, 3.45% tender 10/1/2041 (b)(c) | 7200000 | 7240987 |
| California Mun Fin Auth Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2024B, 3.375% tender 9/1/2050 (b)(c) | 2020000 | 2007483 |
| California Pcf Solid Wst Disp (Republic Services Inc Proj.) Series 2023, 2.875% tender 7/1/2043 (b)(c)(h) | 3700000 | 3694185 |
| California Pcf Solid Wst Disp (Waste Management Inc Del Proj.) Series B 2, 3.45% tender 11/1/2040 (b)(c) | 1050000 | 1052223 |
| TOTAL RESOURCE RECOVERY |  | 50359820 |
| Synthetics - 3.1% |  |  |
| California Community Choice Financing Authority Participating VRDN Series 2022 XF3007, 3.39% 5/1/2053 (Liquidity Facility Morgan Stanley Bank NA) (c)(e) | 16315000 | 16315000 |
| California Community Choice Financing Authority Participating VRDN Series 2026 XL0727, 3.34% 4/1/2056 (Liquidity Facility Morgan Stanley Bank NA) (c)(e) | 4300000 | 4300000 |
| California Hsg Fin Agy Ltd Oblig Participating VRDN Series 2023 XF3127, 3.37% 6/1/2030 (Liquidity Facility Mizuho Capital Markets LLC) (c)(e) | 1010000 | 1010000 |
| California Hsg Fin Agy Ltd Oblig Participating VRDN Series 2025 XF3435, 3.37% 10/6/2026 (Liquidity Facility Mizuho Capital Markets LLC) (c)(e) | 3165000 | 3165000 |
| California Statewide Cmntys Dev Auth Multi Fam Hsg Rev Participating VRDN 3.27% 11/1/2052 (Liquidity Facility Mizuho Capital Markets LLC) (c)(d)(e) | 850000 | 850000 |
| California Statewide Cmntys Dev Auth Multi Fam Hsg Rev Participating VRDN Series 2025 MIZ9232, 3.37% 10/8/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)(e) | 5070000 | 5070000 |
| California Statewide Cmntys Dev Auth Multi Fam Hsg Rev Participating VRDN Series 2025 MIZ9233, 3.37% 12/1/2027 (Liquidity Facility Mizuho Capital Markets LLC) (b)(c)(d)(e) | 14100000 | 14100000 |
| TOTAL SYNTHETICS |  | 44810000 |
| Transportation - 1.8% |  |  |
| Los Angeles CA Dept Arpts Rev 5% 5/15/2026 (b) | 1310000 | 1311074 |
| Los Angeles CA Dept Arpts Rev 5% 5/15/2026 (b) | 430000 | 430353 |
| Los Angeles CA Dept Arpts Rev 5% 5/15/2027 (b) | 8590000 | 8790580 |
| Los Angeles CA Dept Arpts Rev 5% 5/15/2028 (b) | 5700000 | 5947063 |
| Los Angeles CA Dept Arpts Rev 5% 5/15/2028 (b) | 3485000 | 3636055 |
| Los Angeles CA Dept Arpts Rev Series 2023 A, 5% 5/15/2026 (b) | 295000 | 295242 |
| Port Oakland Calif Rev Series 2021 H, 5% 5/1/2026 (b) | 1000000 | 1000000 |
| San Francisco CA City & County Airports Commission International Airport Revenue Series 2023A, 5% 5/1/2026 (b) | 2160000 | 2160000 |
| San Francisco CA City & County Airports Commission International Airport Revenue Series SECOND 2019H, 5% 5/1/2027 (b) | 2190000 | 2232470 |
| TOTAL TRANSPORTATION |  | 25802837 |
| TOTAL CALIFORNIA |  | 138770720 |
| Colorado - 1.6%  |  |  |
| Education - 0.0% |  |  |
| Colorado Edl & Cultural Fac Auth Rev (Mesivta Of Greater Los Angeles Proj.) 3.44% 6/1/2029, LOC Deutsche Bank AG VRDN (c) | 435000 | 435000 |
| Health Care - 0.4% |  |  |
| Colorado Health Facilities Authority (Advent Health Proj.) Series B, 5% 11/15/2027  | 2370000 | 2374091 |
| Colorado Health Facilities Authority (Ihc Health Services Inc Proj.) Series 2022B, 5% tender 5/15/2062 (c) | 3480000 | 3502195 |
| TOTAL HEALTH CARE |  | 5876286 |
| Housing - 0.4% |  |  |
| Colorado Hsg & Fin Auth Multifamily Hsg Rev Series 2024, 3.5% tender 11/1/2043 (c) | 2910000 | 2911178 |
| Maiker Hsg Partners Colo Multifamily Hsg Rev Series 2023, 0% tender 5/1/2042 (c)(f) | 2200000 | 2199542 |
| Maiker Hsg Partners Colo Multifamily Hsg Rev Series 2023, 4.5% tender 5/1/2042 (c) | 1158000 | 1158000 |
| TOTAL HOUSING |  | 6268720 |
| Synthetics - 0.6% |  |  |
| Denver CO City & Cnty Arpt Participating VRDN Series 2018 XM0715, 3.39% 12/1/2043 (Liquidity Facility Morgan Stanley Bank NA) (b)(c)(e) | 7470000 | 7470000 |
| Transportation - 0.2% |  |  |
| Denver CO City & Cnty Arpt 5.25% 11/15/2026 (b) | 1820000 | 1842470 |
| Denver CO City & Cnty Arpt Series 2018 A, 5% 12/1/2027 (b) | 1625000 | 1674811 |
| TOTAL TRANSPORTATION |  | 3517281 |
| TOTAL COLORADO |  | 23567287 |
| Connecticut - 0.9%  |  |  |
| Education - 0.2% |  |  |
| Connecticut St Health & Edl Facs Auth Revenue (Yale University Proj.) Series 2010A 3, 2.95% tender 7/1/2049 (c) | 1800000 | 1805926 |
| Connecticut St Health & Edl Facs Auth Revenue (Yale University Proj.) Series 2017 B2, 3.2% tender 7/1/2037 (c) | 1135000 | 1135724 |
| TOTAL EDUCATION |  | 2941650 |
| General Obligations - 0.3% |  |  |
| Connecticut St Spl Tax Oblig 5% 5/1/2026  | 465000 | 464999 |
| New Haven CT Gen. Oblig. Series 2023, 5% 8/1/2026 (Build America Mutual Assurance Co Insured)  | 255000 | 256325 |
| New Haven CT Gen. Oblig. Series 2023, 5% 8/1/2027 (Build America Mutual Assurance Co Insured)  | 235000 | 241410 |
| New Haven CT Gen. Oblig. Series 2024, 5% 8/1/2027 (Assured Guaranty Inc Insured)  | 1810000 | 1859367 |
| West Haven CT Gen. Oblig. BAN 4.25% 6/24/2026  | 1900000 | 1902393 |
| TOTAL GENERAL OBLIGATIONS |  | 4724494 |
| Health Care - 0.4% |  |  |
| Connecticut St Health & Edl Facs Auth Revenue (Yale New Haven Hospital Inc Proj.) Series 2024 A, 5% 7/1/2026  | 2735000 | 2744666 |
| Connecticut St Health & Edl Facs Auth Revenue (Yale New Haven Hospital Inc Proj.) Series 2024 A, 5% 7/1/2027  | 2600000 | 2666416 |
| TOTAL HEALTH CARE |  | 5411082 |
| TOTAL CONNECTICUT |  | 13077226 |
| District Of Columbia - 1.2%  |  |  |
| General Obligations - 1.1% |  |  |
| District Columbia Gen. Oblig. 3.27% 6/1/2051 VRDN (c) | 16300000 | 16300000 |
| Water & Sewer - 0.1% |  |  |
| District Columbia Wtr & Swr Auth Pub Util Rev Series 2022E, 3% tender 10/1/2057 (c) | 900000 | 897826 |
| TOTAL DISTRICT OF COLUMBIA |  | 17197826 |
| District Of Columbia,Virginia - 0.9%  |  |  |
| Transportation - 0.9% |  |  |
| Metropolitan Wash DC Arpts Ath Series 2019A, 5% 10/1/2026 (b) | 610000 | 615143 |
| Metropolitan Wash DC Arpts Ath Series 2019A, 5% 10/1/2027 (b) | 1000000 | 1028333 |
| Metropolitan Wash DC Arpts Ath Series 2023 A, 5% 10/1/2026 (b) | 715000 | 721028 |
| Metropolitan Wash DC Arpts Ath Series 2023 A, 5% 10/1/2028 (b) | 2305000 | 2416446 |
| Metropolitan Wash DC Arpts Ath Series 2024A, 5% 10/1/2026 (b) | 1770000 | 1784922 |
| Metropolitan Wash DC Arpts Ath Series 2024A, 5% 10/1/2027 (b) | 4035000 | 4149325 |
| Metropolitan Wash DC Arpts Ath Series 2025A, 5% 10/1/2026 (b) | 675000 | 680691 |
| Metropolitan Wash DC Arpts Ath Series 2025A, 5% 10/1/2027 (b) | 550000 | 565583 |
| Metropolitan Wash DC Arpts Ath Series 2025A, 5% 10/1/2028 (b) | 1250000 | 1310437 |
| TOTAL DISTRICT OF COLUMBIA,VIRGINIA |  | 13271908 |
| Florida - 7.6%  |  |  |
| General Obligations - 0.1% |  |  |
| Duval Cnty FL Sch Brd Ctfs Part (Duval Cnty FL Sch Dist Proj.) 5% 7/1/2026 (Assured Guaranty Inc Insured)  | 1785000 | 1791580 |
| Pasco Cnty FL Sch Brd Cert of Part (Pasco Cnty FL Sch Dist Proj.) Series 2022 A, 5% 8/1/2026 (Assured Guaranty Inc Insured)  | 380000 | 381994 |
| TOTAL GENERAL OBLIGATIONS |  | 2173574 |
| Health Care - 0.4% |  |  |
| Florida Development Finance Corp (Tampa General Hospital, FL Proj.) Series 2024 A, 5% 8/1/2026  | 440000 | 442275 |
| Florida Development Finance Corp (Tampa General Hospital, FL Proj.) Series 2024 A, 5% 8/1/2027  | 1000000 | 1027150 |
| Orange Cnty FL Health Facs Auth Rev (Advent Health Proj.) 5% tender 11/15/2052 (c) | 1045000 | 1057060 |
| Orange Cnty FL Health Facs Auth Rev (Orange County Health Facilities Authority Proj.) Series 2019B, 5% 10/1/2026  | 2730000 | 2753699 |
| TOTAL HEALTH CARE |  | 5280184 |
| Housing - 0.6% |  |  |
| Broward Cty FL Hsg Aut Hsg Rev 3.15% tender 3/1/2028 (c) | 2910000 | 2910680 |
| Fla Hsg Fin Corp Multifamily Mtg Rev (Brownsville Transit Vge Proj.) 3.35% tender 10/1/2027 (c) | 2500000 | 2505339 |
| Florida Hsg Fin Corp Mltfmy Rv Series 2024 E, 3.8% tender 6/1/2042 (c) | 1390000 | 1390567 |
| Miami Dade Cnty FL Hsg Fin Auth Multifamily Hsg Rev Series 2024, 3.4% tender 4/1/2041 (c) | 1900000 | 1900649 |
| TOTAL HOUSING |  | 8707235 |
| Resource Recovery - 1.0% |  |  |
| Florida Dev Fin Corp Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2025A, 3.4% tender 9/1/2050 (b)(c) | 1410000 | 1415571 |
| Hillsborough Cnty FL Sldwst Rec Series A, 5% 9/1/2026 (b) | 825000 | 829551 |
| Miami-Dade Cnty FL Ida Sld Waste Disp Rev (Waste Management Inc Del Proj.) Series 2011, 3.45% tender 11/1/2041 (b)(c) | 4750000 | 4750238 |
| Miami-Dade Cnty FL Ida Sld Waste Disp Rev (Waste Management Inc Del Proj.) Series 2018 B, 4% tender 11/1/2048 (b)(c) | 7700000 | 7705826 |
| TOTAL RESOURCE RECOVERY |  | 14701186 |
| Special Tax - 1.6% |  |  |
| Florida Ins Assistance Interlocal Agy Fla Ins Assmt Rev Series 2023 A2, 3.83% 9/1/2032 (Liquidity Facility Florida St) VRDN (c) | 22960000 | 22960000 |
| Tampa FL Tax Alloc Series 2016 A, 5.25% 9/1/2027  | 1000000 | 1007854 |
| TOTAL SPECIAL TAX |  | 23967854 |
| Synthetics - 3.5% |  |  |
| Florida Dev Fin Corp Rev Participating VRDN 3.75% 7/1/2053 (Liquidity Facility Barclays Bank PLC) (b)(c)(e) | 4500000 | 4500000 |
| Florida Dev Fin Corp Rev Participating VRDN Series 2024 XF1704, 3.29% 7/1/2053 (Liquidity Facility Royal Bank of Canada NY) (b)(c)(e) | 18995000 | 18995000 |
| Greater Orlando Aviation Auth Participating VRDN 3.48% 10/1/2036 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)(e) | 4745000 | 4745000 |
| Lee Cnty FL Airport Participating VRDN Series 2025 XM1239, 3.55% 10/1/2054 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)(e) | 8160000 | 8160000 |
| Miami Dade County Hsg Multi Fam Hsg Rev Participating VRDN Series 2022 MIZ9087, 3.32% 11/1/2061 (Liquidity Facility Mizuho Capital Markets LLC) (c)(d)(e) | 585000 | 585000 |
| Miami-Dade Cnty FL Expwy Auth Toll Sys Rev Participating VRDN 3.34% 7/1/2035 (Liquidity Facility Morgan Stanley Bank NA) (c)(e) | 1050000 | 1050000 |
| Miami-Dade County Aviation Rev Participating VRDN Series 2022 025, 3.39% 10/1/2040 (Liquidity Facility Barclays Bank PLC) (b)(c)(e) | 4800000 | 4800000 |
| Palm Beach Cnty FL Health Facs Participating VRDN Series 2023 003, 3.44% 10/1/2054 (Liquidity Facility Barclays Bank PLC) (c)(e) | 6570000 | 6570000 |
| TOTAL SYNTHETICS |  | 49405000 |
| Transportation - 0.4% |  |  |
| Broward Cnty FL Port Everglades Series 2022, 5% 9/1/2027 (b) | 730000 | 747116 |
| Greater Orlando Aviation Auth Series 2024, 5% 10/1/2027 (b) | 3000000 | 3085000 |
| Greater Orlando Aviation Auth Series 2024, 5% 10/1/2028 (b) | 350000 | 366505 |
| Palm Beach Cnty FL Arpt Sys Series 2024 B, 5% 10/1/2026 (b) | 1225000 | 1234613 |
| TOTAL TRANSPORTATION |  | 5433234 |
| TOTAL FLORIDA |  | 109668267 |
| Georgia - 2.0%  |  |  |
| Electric Utilities - 0.5% |  |  |
| Bartow Cnty GA Dev Auth Solid Waste Disp Fac Rev (Georgia Power Co Proj.) 3.48% 11/1/2062 VRDN (b)(c) | 1100000 | 1100000 |
| Burke Cnty GA Dev Auth Pcr (Georgia Power Co Proj.) Series 2013 FIRST, 3.375% tender 11/1/2053 (c) | 610000 | 610981 |
| Burke Cnty GA Dev Auth Pcr (Georgia Power Co Proj.) Series FIFTH 1994, 3.7% tender 10/1/2032 (c) | 1180000 | 1193634 |
| Burke Cnty GA Dev Auth Pcr (Georgia Power Co Proj.) Series FOURTH 1994, 3.8% tender 10/1/2032 (c) | 1085000 | 1085276 |
| Georgia Mun Elec Auth Pwr Rev Series 2022 A, 5% 7/1/2026 (Assured Guaranty Inc Insured)  | 135000 | 135523 |
| Georgia Mun Elec Auth Pwr Rev Series A, 5% 1/1/2028  | 2120000 | 2127801 |
| TOTAL ELECTRIC UTILITIES |  | 6253215 |
| General Obligations - 0.7% |  |  |
| Main Street Natural Gas Inc 4% tender 5/1/2052 (Citigroup Inc Guaranteed) (c) | 3825000 | 3879255 |
| Main Street Natural Gas Inc 4% tender 7/1/2052 (Royal Bank of Canada Guaranteed) (c) | 2165000 | 2192943 |
| Main Street Natural Gas Inc 5% 12/1/2026 (Toronto Dominion Bank Guaranteed)  | 250000 | 252297 |
| Main Street Natural Gas Inc 5% 6/1/2027 (Toronto Dominion Bank Guaranteed)  | 250000 | 254328 |
| Main Street Natural Gas Inc Series 2022B, 5% tender 12/1/2052 (Citigroup Inc Guaranteed) (c) | 1760000 | 1832806 |
| Main Street Natural Gas Inc Series 2023B, 5% 9/1/2026 (Royal Bank of Canada Guaranteed)  | 245000 | 246479 |
| Main Street Natural Gas Inc Series 2023D, 5% 12/1/2026 (Citigroup Inc Guaranteed)  | 110000 | 111169 |
| Main Street Natural Gas Inc Series 2024 A 1, 5% 3/1/2027 (Royal Bank of Canada Guaranteed)  | 400000 | 405860 |
| Main Street Natural Gas Inc Series 2024 A 1, 5% 9/1/2026 (Royal Bank of Canada Guaranteed)  | 200000 | 201207 |
| Main Street Natural Gas Inc Series 2024 A 1, 5% 9/1/2027 (Royal Bank of Canada Guaranteed)  | 355000 | 362879 |
| Main Street Natural Gas Inc Series 2024B, 5% 3/1/2027 (Royal Bank of Canada Guaranteed)  | 400000 | 405860 |
| TOTAL GENERAL OBLIGATIONS |  | 10145083 |
| Housing - 0.3% |  |  |
| Columbia GA Hsg Au Mlti Fam Rv 3.3% tender 11/1/2028 (c) | 2375000 | 2382434 |
| Decatur GA Hsg Auth Multifamily Hsg Rev 3.25% tender 9/1/2028 (c) | 2250000 | 2253711 |
| TOTAL HOUSING |  | 4636145 |
| Synthetics - 0.0% |  |  |
| Buford Hsg Auth Multi Fam Participating VRDN Series 2023 XF3118, 3.37% 3/1/2041 (Liquidity Facility Mizuho Capital Markets LLC) (c)(e) | 1064857 | 1064857 |
| Transportation - 0.5% |  |  |
| Atlanta GA Arpt Rev Series 2025B B 1, 5% 7/1/2027 (b) | 4495000 | 4604602 |
| Atlanta GA Arpt Rev Series 2025B B 1, 5% 7/1/2029 (b) | 2545000 | 2702772 |
| TOTAL TRANSPORTATION |  | 7307374 |
| TOTAL GEORGIA |  | 29406674 |
| Hawaii - 0.6%  |  |  |
| Housing - 0.6% |  |  |
| Hawaii St Hsg Fin & Dev Corp Multifamily Rev 3.3% tender 12/1/2029 (c) | 6795000 | 6828747 |
| Honolulu HI City & Cnty Mfr Series 2023, 5% tender 6/1/2027 (c) | 2000000 | 2002969 |
| TOTAL HAWAII |  | 8831716 |
| Illinois - 3.2%  |  |  |
| Escrowed/Pre-Refunded - 0.0% |  |  |
| Railsplitter Tobacco Settlement Auth Settlement Rev Series 2017, 5% 6/1/2026 (Escrowed to Maturity)  | 365000 | 365691 |
| General Obligations - 0.9% |  |  |
| Illinois St Gen. Oblig. 5% 2/1/2027  | 6400000 | 6500383 |
| Illinois St Gen. Oblig. Series 2017D, 5% 11/1/2026  | 530000 | 535630 |
| Illinois St Gen. Oblig. Series 2017D, 5% 11/1/2027  | 540000 | 556888 |
| Illinois St Gen. Oblig. Series MARCH 2021 A, 5% 3/1/2027  | 295000 | 300261 |
| Illinois St Gen. Oblig. Series MAY 2023 C, 5% 5/1/2026  | 1460000 | 1460000 |
| Illinois St Gen. Oblig. Series MAY 2024 B, 5% 5/1/2026  | 915000 | 915000 |
| Illinois St Gen. Oblig. Series MAY 2024 B, 5% 5/1/2028  | 620000 | 645549 |
| Kane Cook & DuPage Cntys IL Sch Dist Series 2024, 5% 1/1/2028  | 450000 | 466917 |
| St Clair County Community Unit School District No 187 Cahokia Series 2024 A, 5% 1/1/2027 (Assured Guaranty Inc Insured)  | 150000 | 152024 |
| St Clair County Community Unit School District No 187 Cahokia Series 2024 A, 5% 1/1/2028 (Assured Guaranty Inc Insured)  | 225000 | 232638 |
| TOTAL GENERAL OBLIGATIONS |  | 11765290 |
| Health Care - 0.0% |  |  |
| Board of Trustees of the University of Illinois/The (University of Illinois Hospital And Health Sciences System Proj.) Series 2023, 5% 10/1/2027  | 145000 | 149865 |
| Housing - 0.3% |  |  |
| Illinois Hsg Dev Auth Multifamily Hsg Rev Series 2025, 3.15% tender 2/1/2029 (c) | 4650000 | 4657304 |
| Special Tax - 0.0% |  |  |
| Metropolitan Pier & Exposition Auth Ill Dedicated St Tax Rev 0% 6/15/2026 (Assured Guaranty Inc Insured) (g) | 410000 | 408492 |
| Synthetics - 1.2% |  |  |
| Chicago IL O'Hare Intl Arpt Rev Participating VRDN 3.24% 1/1/2053 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)(e) | 7300000 | 7300001 |
| Chicago IL O'Hare Intl Arpt Rev Participating VRDN Series 2023 XF1457, 3.6% 1/1/2055 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)(e) | 1175000 | 1175000 |
| Chicago IL O'Hare Intl Arpt Rev Participating VRDN Series 2025 XF8113, 3.52% 1/1/2055 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)(e) | 1800000 | 1800000 |
| IL Fin Auth Rev Plymouth Place Participating VRDN Series 2025 002, 3.39% 5/15/2056 (Liquidity Facility Barclays Bank PLC) (c)(e) | 6800000 | 6800000 |
| TOTAL SYNTHETICS |  | 17075001 |
| Transportation - 0.6% |  |  |
| Chicago IL Midway Arpt Rev Series 2023A, 5% 1/1/2027 (Build America Mutual Assurance Co Insured) (b) | 365000 | 370240 |
| Chicago IL Midway Arpt Rev Series 2024A, 5% 1/1/2027 (b) | 1000000 | 1013695 |
| Chicago IL Midway Arpt Rev Series 2024A, 5% 1/1/2028 (b) | 1000000 | 1035106 |
| Chicago IL O'Hare Intl Arpt Rev Series 2024C, 5% 1/1/2028 (b) | 6465000 | 6691957 |
| TOTAL TRANSPORTATION |  | 9110998 |
| Water & Sewer - 0.2% |  |  |
| Illinois Finance Authority Rev (IL Wtr State Rev Fund Proj.) 5% 1/1/2027  | 2425000 | 2463863 |
| Illinois Finance Authority Rev (IL Wtr State Rev Fund Proj.) 5% 1/1/2028  | 1110000 | 1155423 |
| TOTAL WATER & SEWER |  | 3619286 |
| TOTAL ILLINOIS |  | 47151927 |
| Indiana - 0.6%  |  |  |
| Electric Utilities - 0.4% |  |  |
| Rockport Ind Pollution Ctl Rev (Indiana Michigan Power Co Proj.) Series 2025 A, 3.7% tender 6/1/2047 (c) | 5470000 | 5576063 |
| Resource Recovery - 0.2% |  |  |
| Indiana St Fin Auth Economic Dev Rev (Republic Services Inc Proj.) Series 2012, 2.9% tender 5/1/2028 (b)(c) | 2450000 | 2449398 |
| Transportation - 0.0% |  |  |
| Indianapolis Local Public Improvement Bond Bank (Indianapolis IN Arpt Auth Rev Proj.) Series 2023I 2, 5% 1/1/2027 (b) | 765000 | 774816 |
| TOTAL INDIANA |  | 8800277 |
| Iowa - 0.0%  |  |  |
| Education - 0.0% |  |  |
| Iowa Student Ln Liquidity Corp (Iowa Student Ln 10/1/19 Proj.) Series 2023 B, 5% 12/1/2026 (b) | 220000 | 222330 |
| Kansas - 0.3%  |  |  |
| General Obligations - 0.0% |  |  |
| City of Olathe KS Gen. Oblig. Series 230, 2.5% 10/1/2027  | 410000 | 407135 |
| Housing - 0.2% |  |  |
| Shawnee Cnty KS Mf Hsg Revenue Series 2025 A, 3.75% tender 5/1/2059 (c) | 3200000 | 3220935 |
| Special Tax - 0.1% |  |  |
| Wichita Kans Sales Tax Spl Oblig Rev Series 2026A, 3.2% 9/1/2026 (f)(h) | 830000 | 830005 |
| TOTAL KANSAS |  | 4458075 |
| Kentucky - 5.3%  |  |  |
| Education - 2.8% |  |  |
| Kentucky Higher Ed Student Ln Corp Student Ln Rev (Federal Family Education Loan Program Proj.) Series 2023 1A 1, 3.28% 6/1/2043, LOC Bank of America NA VRDN (b)(c) | 40700000 | 40700000 |
| Electric Utilities - 0.3% |  |  |
| Trimble Cnty KY Environmental Facs Rev (Kentucky Utilities Co Proj.) 4.7% tender 6/1/2054 (b)(c) | 4740000 | 4762342 |
| General Obligations - 0.3% |  |  |
| Kentucky Inc KY Pub Energy Auth Gas Supply Rev Series 2025A, 5% 12/1/2027 (Morgan Stanley Guaranteed)  | 620000 | 636244 |
| Kentucky Inc KY Pub Energy Auth Gas Supply Rev Series 2025A, 5% 12/1/2028 (Morgan Stanley Guaranteed)  | 1000000 | 1040090 |
| Kentucky St Pty & Bldgs Commn (Kentucky St Proj.) Series A, 5% 4/1/2027  | 2330000 | 2378246 |
| TOTAL GENERAL OBLIGATIONS |  | 4054580 |
| Industrial Development - 1.4% |  |  |
| Meade Cnty KY Indl Bldg Rev (Nucor Corp Proj.) Series 2020 A 1, 3.85% 7/1/2060 VRDN (b)(c) | 7525000 | 7525000 |
| Meade Cnty KY Indl Bldg Rev (Nucor Corp Proj.) Series 2020 B 1, 3.85% 7/1/2060 VRDN (b)(c) | 12735000 | 12735000 |
| TOTAL INDUSTRIAL DEVELOPMENT |  | 20260000 |
| Resource Recovery - 0.0% |  |  |
| Kentucky Economic Dev Fin Auth Solid Waste Disp Rev (Republic Services Inc Proj.) Series 2010B, 2.55% tender 5/1/2028 (c) | 620000 | 619651 |
| Synthetics - 0.5% |  |  |
| Bowling Green KY Indl Bldg Rev Series 2026 MS0090, SIFMA Municipal Swap Index + 0.18%, 3.27% tender 12/1/2027 (Liquidity Facility Morgan Stanley Bank NA) (c)(d)(e)(i) | 7305000 | 7305000 |
| TOTAL KENTUCKY |  | 77701573 |
| Louisiana - 3.6%  |  |  |
| Industrial Development - 2.7% |  |  |
| St James Parish LA Rev (Nucor Corp Proj.) 3.44% 11/1/2040 VRDN (c) | 35825000 | 35825000 |
| St John Baptist Parish LA Rev (Conocophillips Inc Proj.) 4.05% tender 6/1/2037 (c) | 2940000 | 2945399 |
| TOTAL INDUSTRIAL DEVELOPMENT |  | 38770399 |
| Synthetics - 0.4% |  |  |
| Los Angeles Hsg Corp Rev Participating VRDN Series 2025 XF3347, 3.37% 7/1/2042 (Liquidity Facility Mizuho Capital Markets LLC) (c)(e) | 6400000 | 6400000 |
| Transportation - 0.5% |  |  |
| New Orleans LA Aviation Board 5% 1/1/2027 (b) | 2260000 | 2288848 |
| New Orleans LA Aviation Board 5% 1/1/2028 (b) | 4255000 | 4394526 |
| TOTAL TRANSPORTATION |  | 6683374 |
| TOTAL LOUISIANA |  | 51853773 |
| Maryland - 0.9%  |  |  |
| Synthetics - 0.9% |  |  |
| Baltimore County Gen. Oblig. Participating VRDN 3.44% 1/1/2050 (Liquidity Facility Barclays Bank PLC) (c)(e) | 1175000 | 1175000 |
| Integrace Obligated Group Participating VRDN Series 2022 024, 3.44% 11/15/2049 (Liquidity Facility Barclays Bank PLC) (c)(e) | 6015000 | 6015000 |
| Maryland St Econ Dev Corp Participating VRDN Series 2024 XF3222, 3.32% 4/1/2054 (Liquidity Facility Mizuho Capital Markets LLC) (c)(e) | 2600000 | 2600000 |
| Riderwood Vlg Inc Participating VRDN Series 2022 029, 3.44% 1/1/2045 (Liquidity Facility Barclays Bank PLC) (c)(e) | 2935000 | 2935000 |
| TOTAL MARYLAND |  | 12725000 |
| Massachusetts - 1.1%  |  |  |
| Escrowed/Pre-Refunded - 0.2% |  |  |
| Massachusetts St College Bldg Series 1999 A, 0% 5/1/2026 (g) | 3385000 | 3385000 |
| General Obligations - 0.9% |  |  |
| Abington MA Gen. Oblig. BAN 4% 4/22/2027  | 4000000 | 4036850 |
| Bondsville Mass Fire & Wtr Dist Gen. Oblig. BAN 4.875% 11/20/2026  | 1800000 | 1815923 |
| Holyoke MA Gen. Oblig. BAN 4% 10/23/2026  | 4900000 | 4927238 |
| Hudson MA Gen. Oblig. BAN 5% 6/11/2026  | 2500000 | 2502686 |
| TOTAL GENERAL OBLIGATIONS |  | 13282697 |
| TOTAL MASSACHUSETTS |  | 16667697 |
| Michigan - 2.2%  |  |  |
| Electric Utilities - 0.4% |  |  |
| Michigan St Strategic Fd Ltd Oblig Rev (Consumers Energy Co Proj.) Series 2019, 3.35% tender 10/1/2049 (b)(c) | 5165000 | 5153958 |
| General Obligations - 0.7% |  |  |
| Detroit MI Gen. Oblig. Series 2024, 5% 5/1/2026  | 1180000 | 1180000 |
| Detroit MI Gen. Oblig. Series 2024, 5% 5/1/2027  | 1240000 | 1260398 |
| Detroit MI Gen. Oblig. Series 2024, 5% 5/1/2028  | 675000 | 697542 |
| Grand Rapids MI Pub Schs Series 2024, 5% 5/1/2026 (Assured Guaranty Inc Insured)  | 1000000 | 1000000 |
| Southfield Mich Pub Schs 5% 5/1/2026 (State of Michigan Guaranteed)  | 850000 | 850000 |
| Utica MI Cmnty Schs Series 2024, 5% 5/1/2026 (State of Michigan Guaranteed)  | 3000000 | 3000001 |
| Utica MI Cmnty Schs Series 2024, 5% 5/1/2027 (State of Michigan Guaranteed)  | 1500000 | 1534760 |
| TOTAL GENERAL OBLIGATIONS |  | 9522701 |
| Health Care - 0.4% |  |  |
| Michigan State Hospital Finance Authority (Bronson Methodist Hsp, MI Proj.) 5% 11/15/2029  | 5195000 | 5532353 |
| Housing - 0.0% |  |  |
| Michigan State Housing Development Authority Series 2025, 2.7% tender 10/1/2043 (c) | 2110000 | 2087747 |
| Synthetics - 0.0% |  |  |
| Grand Traverse Cnty MI Economic Dev Corp Rev Participating VRDN Series 2023 XF3120, 3.37% 12/1/2065 (Liquidity Facility Mizuho Capital Markets LLC) (c)(e) | 560000 | 559999 |
| Transportation - 0.7% |  |  |
| Wayne Cnty MI Arpt Auth Rev Series 2025G, 5% 12/1/2026 (b) | 3080000 | 3114101 |
| Wayne Cnty MI Arpt Auth Rev Series 2025G, 5% 12/1/2027 (b) | 6340000 | 6536330 |
| TOTAL TRANSPORTATION |  | 9650431 |
| TOTAL MICHIGAN |  | 32507189 |
| Minnesota - 0.9%  |  |  |
| Electric Utilities - 0.1% |  |  |
| Northern Muni Pwr Agcy MN Elec Sys Rev Series 2023, 5% 1/1/2027  | 210000 | 212820 |
| Northern Muni Pwr Agcy MN Elec Sys Rev Series 2024, 5% 1/1/2028  | 1000000 | 1034609 |
| TOTAL ELECTRIC UTILITIES |  | 1247429 |
| General Obligations - 0.1% |  |  |
| Coon Rapids Minn Gen. Oblig. 2% 4/1/2027  | 1000000 | 988817 |
| Minnesota Housing Finance Agency (Minnesota St Proj.) Series 2022 B, 5% 8/1/2026  | 620000 | 623356 |
| TOTAL GENERAL OBLIGATIONS |  | 1612173 |
| Health Care - 0.5% |  |  |
| St Cloud Minn Health Care Rv Series 2026, 5% 5/1/2028 (f) | 2940000 | 3063552 |
| St Cloud Minn Health Care Rv Series 2026, 5% 5/1/2030 (f) | 3530000 | 3809143 |
| Wadena Minn Rev Series 2024 A, 5% 12/1/2026 (Centracare Health System Guaranteed)  | 200000 | 202098 |
| Wadena Minn Rev Series 2024 A, 5% 12/1/2027 (Centracare Health System Guaranteed)  | 260000 | 267441 |
| TOTAL HEALTH CARE |  | 7342234 |
| Synthetics - 0.2% |  |  |
| Saint Paul Hsg & Redev Auth Rev Participating VRDN Series 2023 MIZ9145, 3.32% 6/1/2063 (Liquidity Facility Mizuho Capital Markets LLC) (c)(d)(e) | 2600000 | 2600000 |
| TOTAL MINNESOTA |  | 12801836 |
| Mississippi - 0.3%  |  |  |
| Education - 0.2% |  |  |
| Jackson St Univ Edl Bldg Corp MS Rev Series 2021 A, 0.8% 3/1/2028 (Build America Mutual Assurance Co Insured) (c) | 3325000 | 3192482 |
| Electric Utilities - 0.1% |  |  |
| Mississippi Business Fin Corp Miss Solid Waste Disp Fac & Wastewater Fac Rev (Mississippi Power Co Proj.) 3.5% 11/1/2052 VRDN (b)(c) | 1000000 | 1000000 |
| General Obligations - 0.0% |  |  |
| Mississippi Dev Bank Spl Obl (Lamar Cnty Miss Sch Dist Proj.) 5% 6/1/2026  | 750000 | 751059 |
| Mississippi Dev Bank Spl Obl (Lamar Cnty Miss Sch Dist Proj.) 5% 6/1/2027  | 125000 | 127492 |
| TOTAL GENERAL OBLIGATIONS |  | 878551 |
| TOTAL MISSISSIPPI |  | 5071033 |
| Missouri - 0.3%  |  |  |
| Housing - 0.1% |  |  |
| Kansas City MO Planned Indl Expansion Auth Multifamily Hsg Rev Series 2023, 5% tender 7/1/2045 (c) | 877000 | 888315 |
| Synthetics - 0.2% |  |  |
| Kansas City MO Indl Dev Auth Arpt Spl Oblig Participating VRDN 3.6% 3/1/2057 (Liquidity Facility JP Morgan Chase Bank NA) (b)(c)(e) | 2310000 | 2310000 |
| St Louis County Ind Dev Auth Multi Fam Hsg Rev Participating VRDN 3.32% 10/1/2063 (Liquidity Facility Mizuho Capital Markets LLC) (c)(d)(e) | 1130499 | 1130499 |
| TOTAL SYNTHETICS |  | 3440499 |
| TOTAL MISSOURI |  | 4328814 |
| Nebraska - 0.5%  |  |  |
| Housing - 0.3% |  |  |
| Lincoln Neb Multifamily Hsg Rev Series 2024, 3.37% tender 1/10/2048 (c) | 3740000 | 3764142 |
| Industrial Development - 0.2% |  |  |
| Stanton Cnty NE Indl Dev Rev (Nucor Corp Proj.) 3.47% 11/1/2026 VRDN (b)(c) | 2400000 | 2400000 |
| Stanton Cnty NE Indl Dev Rev (Nucor Corp Proj.) 3.47% 6/1/2028 VRDN (b)(c) | 600000 | 600000 |
| TOTAL INDUSTRIAL DEVELOPMENT |  | 3000000 |
| TOTAL NEBRASKA |  | 6764142 |
| Nevada - 0.1%  |  |  |
| Housing - 0.1% |  |  |
| Nevada Hsg Div 0% tender 6/1/2045 (c)(f) | 1840000 | 1840000 |
| New Hampshire - 1.6%  |  |  |
| Education - 0.0% |  |  |
| New Hampshire Health and Education Facilities Authority Act (New Hampshire Higher Ed Ln Proj.) Series 2023 B, 5.5% 11/1/2026 (b) | 110000 | 111185 |
| Housing - 0.1% |  |  |
| New Hampshire St Hsg Fin Auth Multi-Family Hsg (NH Mhsg Rev 2017 Proj.) 3.8% 7/1/2026  | 390000 | 390212 |
| New Hampshire St Hsg Fin Auth Multi-Family Hsg (NH Mhsg Rev 2017 Proj.) 3.85% 1/1/2027  | 620000 | 620883 |
| New Hampshire St Hsg Fin Auth Multi-Family Hsg (NH Mhsg Rev 2017 Proj.) Series 2023 4, 3.7% 1/1/2027  | 675000 | 675796 |
| TOTAL HOUSING |  | 1686891 |
| Resource Recovery - 1.1% |  |  |
| National Fin Auth NH Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2019 A 2, 4.25% tender 7/1/2027 (b)(c) | 10800000 | 10867522 |
| National Fin Auth NH Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2019 A 3, 4% tender 7/1/2033 (b)(c) | 4200000 | 4202083 |
| TOTAL RESOURCE RECOVERY |  | 15069605 |
| Synthetics - 0.4% |  |  |
| Nat'l Fin Auth NH Specialty Bonds Series 2024 MS0023, 3.39% tender 12/15/2030 (Liquidity Facility Morgan Stanley Bank NA) (c)(d)(e) | 6000000 | 6000000 |
| TOTAL NEW HAMPSHIRE |  | 22867681 |
| New Jersey - 3.1%  |  |  |
| Education - 0.3% |  |  |
| Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2018 Proj.) Series 2018 B, 5% 12/1/2026 (b) | 365000 | 369268 |
| Higher Ed Student Assistance Auth NJ Student Ln Rev Series 2024 A, 5% 12/1/2027 (b) | 1125000 | 1158023 |
| Higher Ed Student Assistance Auth NJ Student Ln Rev Series 2024 B, 5% 12/1/2027 (b) | 3085000 | 3175556 |
| TOTAL EDUCATION |  | 4702847 |
| General Obligations - 2.0% |  |  |
| Belleville NJ Tan Gen. Oblig. BAN 4% 7/7/2026  | 16300000 | 16321720 |
| Ho & Ho Kus NJ Gen. Oblig. BAN 4% 4/30/2027 (f) | 2700000 | 2723707 |
| New Jersey Econom Dev Auth Rev (New Jersey St Proj.) Series 2019 GGG, 5.25% 9/1/2026 (h) | 1060000 | 1068102 |
| New Jersey Economic Dev Auth Rev (New Jersey St Proj.) Series 2024 SSS, 5% 6/15/2026  | 1320000 | 1323225 |
| Newark NJ BAN 4.5% 5/7/2026  | 7500000 | 7501451 |
| NJ Hlth Care Facs Fing Auth Dept Human Svcs Lease (New Jersey St Proj.) Series 2024, 5% 9/15/2027  | 575000 | 591862 |
| TOTAL GENERAL OBLIGATIONS |  | 29530067 |
| Housing - 0.3% |  |  |
| NJ Hsg & Mtg Fin Agy Multi Fam Rev (NJ Multi-Family 12/16/04 Proj.) Series 2024 D 2, 2.85% 11/1/2026  | 3995000 | 3994170 |
| Tobacco Bonds - 0.1% |  |  |
| Tobacco Settlement Fin Corp NJ 5% 6/1/2027  | 1120000 | 1145796 |
| Transportation - 0.4% |  |  |
| New Jersey Turnpike Authority 5% 1/1/2027  | 6000000 | 6092153 |
| TOTAL NEW JERSEY |  | 45465033 |
| New Jersey,New York - 0.3%  |  |  |
| Transportation - 0.3% |  |  |
| Port Auth NY & NJ 5% 10/15/2027 (b) | 1505000 | 1552120 |
| Port Auth NY & NJ Series 242, 5% 12/1/2026 (b) | 3155000 | 3196538 |
| TOTAL NEW JERSEY,NEW YORK |  | 4748658 |
| New Mexico - 0.5%  |  |  |
| Education - 0.0% |  |  |
| New Mexico Edl Assistnce Fndtn Series 2021 1A, 5% 9/1/2027 (b) | 80000 | 81326 |
| Housing - 0.4% |  |  |
| Santa Fe Cnty N Mex Multifamily Rev Series 2024, 3.29% tender 12/10/2049 (c) | 5585000 | 5601250 |
| Synthetics - 0.1% |  |  |
| New Mexico St Hosp Equip Ln Co Participating VRDN 3.44% 7/1/2042 (Liquidity Facility Barclays Bank PLC) (c)(e) | 1330000 | 1330000 |
| TOTAL NEW MEXICO |  | 7012576 |
| New York - 7.0%  |  |  |
| Education - 0.0% |  |  |
| St Lawrence County Industrial Development Agency (St Lawrence University Proj.) 5% 7/1/2026  | 145000 | 145463 |
| Electric Utilities - 0.3% |  |  |
| Long Island Pwr Auth NY Elec Series 2025B, 3% tender 9/1/2055 (c) | 3700000 | 3702331 |
| General Obligations - 4.0% |  |  |
| City of Long Beach NY Gen. Oblig. BAN 4% 5/5/2027 (f) | 9010000 | 9115882 |
| City of New York NY Gen. Oblig. 5% 4/1/2028  | 2530000 | 2647004 |
| City of New York NY Gen. Oblig. 5% 8/1/2026  | 10000000 | 10055981 |
| East Hampton NY Un Free Sh Dis 2.1% 6/1/2027  | 735000 | 721800 |
| East Syracuse-Minoa NY Cent SD BAN Series 2025, 4% 6/25/2026  | 6100000 | 6108071 |
| New Hartford NY Cent Sch Dist BAN Series 2025, 4% 6/25/2026  | 2900000 | 2904794 |
| North Tonawanda NY BAN 4% 5/14/2027 (f) | 8729349 | 8814024 |
| Ogdensburg NY Enlrg Cty Sch Ds BAN Series 2025, 4% 7/22/2026  | 3900000 | 3908920 |
| Sullivan West Cent Sch Dist NY BAN Series 2025, 4% 6/25/2026  | 7700000 | 7708821 |
| Town of Dryden NY Gen. Oblig. BAN Series 2026, 4% 1/19/2027  | 5795281 | 5840135 |
| TOTAL GENERAL OBLIGATIONS |  | 57825432 |
| Housing - 0.7% |  |  |
| Monroe Cnty NY Indl Dev Agy Multi-Family Hsg Rev 5% tender 7/1/2028 (c) | 593000 | 606263 |
| New York St Hsg Fin Agy 1.1% tender 11/1/2061 (c) | 2620000 | 2551807 |
| New York St Hsg Fin Agy Series 2023 E 2, 3.8% tender 11/1/2063 (c) | 675000 | 675173 |
| New York St Hsg Fin Agy Series 2024 A, 3.375% tender 11/1/2063 (c) | 6430000 | 6430990 |
| TOTAL HOUSING |  | 10264233 |
| Special Tax - 0.1% |  |  |
| New York City Transitional Finance Authority (New York NY City Transitional Fin Auth Rev Proj.) 5% 11/1/2027  | 750000 | 776689 |
| NY Payroll Mobility Tax 2% tender 5/15/2045 (c) | 365000 | 364889 |
| TOTAL SPECIAL TAX |  | 1141578 |
| Synthetics - 1.8% |  |  |
| Liberty NY Dev Corp Rev Participating VRDN 3.44% 10/1/2035 (Liquidity Facility Morgan Stanley Bank NA) (c)(e) | 1941500 | 1941500 |
| Metropolitan Transn Auth NY Rv Participating VRDN Series 2022 XF1321, 3.34% 11/15/2055 (Liquidity Facility JP Morgan Chase Bank NA) (c)(e) | 1860000 | 1860000 |
| Metropolitan Transn Auth NY Rv Participating VRDN Series 2023 XF1649, 3.34% 11/15/2045 (Liquidity Facility JP Morgan Chase Bank NA) (c)(e) | 2570000 | 2570000 |
| New York St Hsg Fin Agy Participating VRDN Series 2022 003, 3.44% 11/1/2041 (Liquidity Facility Barclays Bank PLC) (c)(e) | 3100000 | 3100000 |
| New York St Hsg Fin Agy Participating VRDN Series 2022 007, 3.54% 11/1/2041 (Liquidity Facility Barclays Bank PLC) (b)(c)(e) | 16010000 | 16010000 |
| TOTAL SYNTHETICS |  | 25481500 |
| Transportation - 0.1% |  |  |
| Metropolitan Transn Auth NY Rv Series 2017 B, 5% 11/15/2026  | 730000 | 739116 |
| New York Transportation Development Corp (Jfk International Air Terminal Proj.) Series 2022, 5% 12/1/2026 (b) | 1825000 | 1842201 |
| TOTAL TRANSPORTATION |  | 2581317 |
| TOTAL NEW YORK |  | 101141854 |
| North Carolina - 0.6%  |  |  |
| Escrowed/Pre-Refunded - 0.2% |  |  |
| Cumberland Cnty NC Series 2024, 3.125% tender 12/1/2027 (b)(c) | 3000000 | 2995239 |
| Health Care - 0.1% |  |  |
| Atrium Health Series 2018 D, 3.625% tender 1/15/2048 (c) | 1635000 | 1647556 |
| Housing - 0.3% |  |  |
| Inlivian NC Multifamily Rev 3.625% tender 11/1/2058 (c) | 4550000 | 4584448 |
| TOTAL NORTH CAROLINA |  | 9227243 |
| Ohio - 1.5%  |  |  |
| Education - 0.0% |  |  |
| Ohio St Higher Ed Fac Comm (Case Western Reserve Univ, Oh Proj.) 1.625% tender 12/1/2034 (c) | 420000 | 415086 |
| Ohio St Higher Ed Fac Comm (Xavier Univ, OH Proj.) Series 2020, 5% 5/1/2026  | 400000 | 400000 |
| TOTAL EDUCATION |  | 815086 |
| Electric Utilities - 0.7% |  |  |
| American Mun Pwr Rev Series 2023A, 5% 2/15/2027  | 2820000 | 2865539 |
| Ohio St Air Quality Dev Auth (American Electric Power Co Inc Proj.) Series 2014C, 3.65% 12/1/2027 (b) | 3845000 | 3860994 |
| Ohio St Air Quality Dev Auth (American Electric Power Co Inc Proj.) Series 2014D, 3.2% 5/1/2026 (Escrowed to Maturity)  | 3525000 | 3525000 |
| TOTAL ELECTRIC UTILITIES |  | 10251533 |
| Health Care - 0.6% |  |  |
| Ohio St Hosp Rev (Cleveland Clinic Foundation Proj.) Series 2019 C, 2.75% tender 1/1/2052 (c) | 3335000 | 3317684 |
| Ohio St Hosp Rev (University Hosp Hlth Sys, Oh Proj.) Series 2015B, 3.63% 1/15/2045 VRDN (c) | 4770000 | 4770000 |
| TOTAL HEALTH CARE |  | 8087684 |
| Housing - 0.1% |  |  |
| Columbus-Franklin Cnty Ohio Fin Auth Multifamily Hsg Rev Series 2023, 5% tender 7/1/2045 (c) | 765000 | 770801 |
| Ohio St Hsg Fin Agy Residential Mtg Rev Series 2024 A, 5% 3/1/2027  | 75000 | 76373 |
| Ohio St Hsg Fin Agy Residential Mtg Rev Series 2024 A, 5% 3/1/2028  | 150000 | 155826 |
| Ohio St Hsg Fin Agy Residential Mtg Rev Series 2024 A, 5% 9/1/2026  | 120000 | 120854 |
| Ohio St Hsg Fin Agy Residential Mtg Rev Series 2024 A, 5% 9/1/2027  | 100000 | 102963 |
| TOTAL HOUSING |  | 1226817 |
| Water & Sewer - 0.1% |  |  |
| Hamilton Cnty OH Swr Sys Rev Series 2024 B, 5% 12/1/2026  | 700000 | 709379 |
| Hamilton Cnty OH Swr Sys Rev Series 2024 B, 5% 12/1/2027  | 465000 | 482328 |
| TOTAL WATER & SEWER |  | 1191707 |
| TOTAL OHIO |  | 21572827 |
| Oklahoma - 1.3%  |  |  |
| General Obligations - 0.6% |  |  |
| OK Cnty Okla Fin Auth Edl Facs Lease Rev (Midwest City- Del City Sch Dist OK Number 52 Proj.) Series 2024, 5% 10/1/2026 (Build America Mutual Assurance Co Insured)  | 125000 | 126079 |
| OK Cnty Okla Fin Auth Edl Facs Lease Rev (Midwest City- Del City Sch Dist OK Number 52 Proj.) Series 2024, 5% 10/1/2027 (Build America Mutual Assurance Co Insured)  | 145000 | 149374 |
| Oklahoma Cnty Indep Sch Dist 89 Oklahoma City 3% 7/1/2026  | 4095000 | 4095945 |
| Oklahoma St Inds Auth Edl Facs Lease Rev (Oklahoma Cnty Indep Sch Dist 89 Oklahoma City Proj.) Series 2024, 5% 4/1/2027  | 3770000 | 3849099 |
| Oklahoma St Inds Auth Edl Facs Lease Rev (Oklahoma Cnty Indep Sch Dist 89 Oklahoma City Proj.) Series 2024, 5% 4/1/2028  | 875000 | 912639 |
| TOTAL GENERAL OBLIGATIONS |  | 9133136 |
| Health Care - 0.3% |  |  |
| OK Dev Fin Auth Health Sys Rev (Integris Baptist Medical Ctr Proj.) Series 2020B, 3.73% 8/15/2031 VRDN (c) | 4250000 | 4250000 |
| Housing - 0.3% |  |  |
| Oklahoma Hsg Fin Agy Collateralized Rev 3.2% tender 10/1/2042 (c) | 1000000 | 1000460 |
| Oklahoma Hsg Fin Agy Collateralized Rev Series 2024, 3.35% tender 12/1/2027 (c) | 3720000 | 3731699 |
| TOTAL HOUSING |  | 4732159 |
| Synthetics - 0.1% |  |  |
| Steele Duncan Plaza LLC Participating VRDN Series 2022 MIZ9103, 3.32% 8/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) (c)(d)(e) | 942957 | 942957 |
| TOTAL OKLAHOMA |  | 19058252 |
| Oregon - 0.2%  |  |  |
| Transportation - 0.2% |  |  |
| Port of Portland Arpt Rev 5% 7/1/2026  | 240000 | 240909 |
| Port of Portland Arpt Rev 5% 7/1/2028 (b) | 2500000 | 2613327 |
| TOTAL OREGON |  | 2854236 |
| Pennsylvania - 6.6%  |  |  |
| General Obligations - 0.6% |  |  |
| Pennsylvania St 5% 9/1/2026  | 4640000 | 4675699 |
| Pennsylvania St Series 2019, 5% 7/15/2026  | 1150000 | 1155393 |
| Philadelphia PA Gen. Oblig. Series 2025 C, 5% 8/1/2026  | 3310000 | 3327784 |
| TOTAL GENERAL OBLIGATIONS |  | 9158876 |
| Health Care - 2.1% |  |  |
| Geisinger Auth PA Hlth Sys Rev (Kaiser Permanente Hlth System Proj.) Series 2020 B, 5% tender 4/1/2043 (c) | 2280000 | 2294725 |
| Montgomery Cnty PA Higher Ed & Health Auth Rev (Thomas Jefferson Univ-Abiington Proj.) Series 2018 D, 3.9% 9/1/2050 VRDN (c) | 11220000 | 11220000 |
| Philadelphia PA Auth For Indl Dev Revs (Thomas Jefferson Univ-Abiington Proj.) Series 2017 B, 3.9% 9/1/2050 VRDN (c) | 16595000 | 16595000 |
| TOTAL HEALTH CARE |  | 30109725 |
| Resource Recovery - 3.6% |  |  |
| Pennsylvania Econ Dev Sld Wst (Republic Services Inc Proj.) Series 2014, 3% tender 6/1/2044 (b)(c) | 12500000 | 12494716 |
| Pennsylvania Econ Dev Sld Wst (Republic Services Inc Proj.) Series 2019 A, 2.95% tender 4/1/2034 (b)(c) | 8000000 | 7996333 |
| Pennsylvania Econ Dev Sld Wst (Republic Services Inc Proj.) Series 2019 B 2, 3.25% tender 4/1/2049 (b)(c) | 1900000 | 1899288 |
| Pennsylvania Econ Dev Sld Wst (Republic Services Inc Proj.) Series 2019 B, 2.95% tender 4/1/2049 (b)(c) | 1800000 | 1799175 |
| Pennsylvania Econ Dev Sld Wst (Waste Management Inc Del Proj.) 4.25% tender 7/1/2041 (b)(c) | 4200000 | 4242349 |
| Pennsylvania Econ Dev Sld Wst (Waste Management Inc Del Proj.) Series 2019 A, 3.875% tender 8/1/2038 (b)(c) | 7800000 | 7810560 |
| Pennsylvania Econ Dev Sld Wst (Waste Management Inc Del Proj.) Series 2021A 2, 4.6% tender 10/1/2046 (b)(c) | 9115000 | 9135260 |
| Pennsylvania Econ Dev Sld Wst (Waste Management Inc Del Proj.) Series 2021A, 4% tender 6/1/2041 (b)(c) | 7600000 | 7604379 |
| TOTAL RESOURCE RECOVERY |  | 52982060 |
| Transportation - 0.3% |  |  |
| Allegheny County Airport Authority (Pittsburgh Intl Airport Proj.) Series 2021 A, 5% 1/1/2027 (b) | 375000 | 380011 |
| Allegheny County Airport Authority (Pittsburgh Intl Airport Proj.) Series 2023A, 5% 1/1/2027 (Assured Guaranty Inc Insured) (b) | 310000 | 314493 |
| Philadelphia PA Airport Rev Series 2021, 5% 7/1/2026 (b) | 365000 | 366216 |
| Philadelphia PA Airport Rev Series 2025B, 5% 7/1/2026 (b) | 1780000 | 1785417 |
| Philadelphia PA Airport Rev Series 2025B, 5% 7/1/2027 (b) | 1145000 | 1171060 |
| TOTAL TRANSPORTATION |  | 4017197 |
| TOTAL PENNSYLVANIA |  | 96267858 |
| Rhode Island - 0.0%  |  |  |
| Education - 0.0% |  |  |
| Rhode Island Health & Edl Bldg Corp Higher Ed Fac Rev (Bryant University Proj.) Series 2024, 5% 6/1/2026  | 350000 | 350568 |
| Rhode Island Health & Edl Bldg Corp Higher Ed Fac Rev (Bryant University Proj.) Series 2024, 5% 6/1/2027  | 260000 | 265883 |
| TOTAL RHODE ISLAND |  | 616451 |
| South Carolina - 0.3%  |  |  |
| Electric Utilities - 0.0% |  |  |
| South Carolina St Svc Auth Rev 5% 12/1/2028  | 410000 | 433627 |
| Industrial Development - 0.1% |  |  |
| Berkeley Cnty SC Indl Dev Rev (Nucor Corp Proj.) 3.47% 9/1/2028 VRDN (b)(c) | 900000 | 900000 |
| Synthetics - 0.2% |  |  |
| South Carolina Conway Hosp Participating VRDN Series 2022 019, 3.44% 7/1/2047 (Liquidity Facility Barclays Bank PLC) (c)(e) | 2700000 | 2700000 |
| TOTAL SOUTH CAROLINA |  | 4033627 |
| Tennessee - 0.7%  |  |  |
| Health Care - 0.6% |  |  |
| Metro Gov Nashville & Davidson Cnty Tenn Hlth & Edl Facs Brd Rev (Vanderbilt Hospital, TN Proj.) Series 2026 B, 5% 7/1/2029  | 7785000 | 8272225 |
| Resource Recovery - 0.0% |  |  |
| Lewisburg Tenn Indl Dev Brd So Lid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2012, 2.95% tender 7/2/2035 (b)(c) | 400000 | 400000 |
| Synthetics - 0.0% |  |  |
| Metropolitan Govt Nashville & Davidson County Hlth & Edl Facs Participating VRDN Series 2024 MIZ9163, 3.32% 12/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) (c)(d)(e) | 884342 | 884342 |
| Transportation - 0.1% |  |  |
| Metro Nashville Arpt Auth Rev 5% 7/1/2026 (b) | 245000 | 245675 |
| Metro Nashville Arpt Auth Rev 5% 7/1/2027 (b) | 975000 | 997191 |
| TOTAL TRANSPORTATION |  | 1242866 |
| TOTAL TENNESSEE |  | 10799433 |
| Texas - 15.0%  |  |  |
| Education - 0.1% |  |  |
| Brazos Tex Higher Ed Auth Inc Student Loan Prog Rev 5% 4/1/2028 (b) | 1150000 | 1179219 |
| Electric Utilities - 1.1% |  |  |
| San Antonio TX Elec & Gas Rev Series 2025A, 3.08% tender 2/1/2055 (c) | 6275000 | 6269413 |
| San Antonio TX Elec & Gas Rev Series 2026A, 2.9% tender 2/1/2055 (c) | 2340000 | 2329763 |
| San Antonio TX Elec & Gas Rev Series 2026A, 3% tender 2/1/2055 (c) | 6800000 | 6760635 |
| TOTAL ELECTRIC UTILITIES |  | 15359811 |
| Escrowed/Pre-Refunded - 0.2% |  |  |
| Tarrant Cnty TX Cultural Ed Facs Fin Corp Hosp Rev 5% tender 11/15/2052 (c) | 2545000 | 2548096 |
| General Obligations - 3.7% |  |  |
| Argyle TX Indpt Sch Dist Series 2025 B 1, 4% tender 8/15/2057 (Permanent Sch Fund of Texas Guaranteed) (c) | 2810000 | 2848652 |
| Argyle TX Indpt Sch Dist Series 2025 B 2, 4% tender 8/15/2057 (Permanent Sch Fund of Texas Guaranteed) (c) | 4350000 | 4446511 |
| Boerne TX Isd Series 2023, 3.125% tender 2/1/2053 (Permanent Sch Fund of Texas Guaranteed) (c) | 5550000 | 5552595 |
| Cuero TX Independent School District 5% 8/15/2026 (Permanent Sch Fund of Texas Guaranteed)  | 715000 | 719576 |
| Dallas TX Gen. Oblig. Series 2024A, 5% 2/15/2027  | 5450000 | 5551189 |
| Dallas TX ISD Series 2026B, 5% tender 2/15/2056 (Permanent Sch Fund of Texas Guaranteed) (c) | 2065000 | 2215431 |
| El Paso Tex Gen. Oblig. Series 2025, 5% 8/15/2026  | 1395000 | 1404050 |
| Humble TX Indpt Sch Dist Series 2025, 5% 2/15/2027 (Permanent Sch Fund of Texas Guaranteed)  | 8215000 | 8365582 |
| Navarro Tex Indpt Sch Dist Series 2025, 4% tender 2/15/2062 (Permanent Sch Fund of Texas Guaranteed) (c) | 3255000 | 3325343 |
| Northside TX Indpt Sch Dist Series 2020, 3.55% tender 6/1/2050 (Permanent Sch Fund of Texas Guaranteed) (c) | 6455000 | 6534613 |
| Northside TX Indpt Sch Dist Series 2023 B, 3% tender 8/1/2053 (Permanent Sch Fund of Texas Guaranteed) (c) | 3385000 | 3383680 |
| Northside TX Indpt Sch Dist Series 2024B, 3.45% tender 8/1/2054 (Permanent Sch Fund of Texas Guaranteed) (c) | 4670000 | 4696324 |
| Prosper Tex Indpt Sch Dist Series 2019 B, 4% tender 2/15/2050 (Permanent Sch Fund of Texas Guaranteed) (c) | 605000 | 606990 |
| Texarkana Tex Indpt Sch Dist Series 2024, 4% tender 2/15/2053 (Permanent Sch Fund of Texas Guaranteed) (c) | 4200000 | 4212719 |
| Texas Mun Gas Acquisition & Supply Corp IV Gas Supply Rev Series 2023A, 5.25% 1/1/2027 (BP PLC Guaranteed)  | 465000 | 470201 |
| Texas State Gen. Oblig. Series 2016, 5.5% 8/1/2026 (b) | 370000 | 372388 |
| TOTAL GENERAL OBLIGATIONS |  | 54705844 |
| Housing - 1.8% |  |  |
| Bexar Mgmt & Dev Corp Tex Multifamily Hsg Rev Series 2024, 3.02% tender 5/10/2045 (c) | 7145000 | 7150139 |
| Capital Area Hsg Fin Corp Tex Multi Family Hsg Rev Series 2024, 3.125% tender 9/1/2029 (c) | 2855000 | 2861763 |
| Dallas Tex Hsg Fin Corp Multi Family Hsg Rev Series 2023, 5% tender 7/1/2042 (c) | 1138000 | 1152683 |
| Houston Tex Fin Corp Multifamilty Hsg Rev 5% tender 8/1/2041 (c) | 620000 | 622676 |
| Houston Tex Fin Corp Multifamilty Hsg Rev Series 2024, 3.65% tender 2/1/2048 (c) | 3325000 | 3347555 |
| Legacy Denton Public Facility Corp 2.96% tender 4/1/2043 (c) | 1400000 | 1397592 |
| San Antonio Tex Hsg Tr Pub Fac Multifamily Hsg Rev Series 2024, 3.45% tender 7/1/2029 (c) | 3840000 | 3858651 |
| Smha Fin Pub Fac Corp Tex Multifamily Hsg Rev Series 2024, 3.7% tender 7/1/2028 (c) | 5305000 | 5347062 |
| Texas St Affordable Hsg Corp Multifamily Hsg Rev Series 2023, 3.625% tender 1/1/2045 (c) | 785000 | 787937 |
| TOTAL HOUSING |  | 26526058 |
| Industrial Development - 5.3% |  |  |
| Jewett Economic Dev Corp Tex I (Nucor Corp Proj.) 3.47% 8/1/2038 VRDN (b)(c) | 1285000 | 1285000 |
| Port Arthur TX Navigation Dist Env Fac Rev (Motiva Enterprises Llc Proj.) 3.33% 11/1/2040 VRDN (c) | 28825000 | 28825000 |
| Port Arthur TX Navigation Dist Env Fac Rev (Motiva Enterprises Llc Proj.) 3.38% 12/1/2027 VRDN (b)(c) | 33600000 | 33600001 |
| Port Arthur TX Navigation Dist Env Fac Rev (Motiva Enterprises Llc Proj.) 3.75% 11/1/2040 VRDN (c) | 11900000 | 11900000 |
| TOTAL INDUSTRIAL DEVELOPMENT |  | 75610001 |
| Resource Recovery - 0.3% |  |  |
| Mission TX Economic Dev Corp Solid Waste Disp Rev (Republic Services Inc Proj.) Series 2020A, 3% tender 5/1/2050 (b)(c) | 1400000 | 1400000 |
| Mission TX Economic Dev Corp Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2023A, 4.25% tender 6/1/2048 (b)(c) | 2550000 | 2571869 |
| TOTAL RESOURCE RECOVERY |  | 3971869 |
| Synthetics - 0.6% |  |  |
| El Paso TX Hsg Fin Auth Participating VRDN Series 2022 MIZ9104, 3.32% 8/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) (c)(d)(e) | 732488 | 732488 |
| Texas Affordable Hsg Corp Multi Fam Hsg Rev Participating VRDN 3.32% 10/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) (c)(d)(e) | 7603517 | 7603517 |
| TOTAL SYNTHETICS |  | 8336005 |
| Transportation - 1.9% |  |  |
| Austin Tex Airport Sys Series 2026 B, 5% 11/15/2027 (b)(f) | 460000 | 473676 |
| Austin Tex Airport Sys Series 2026 B, 5% 11/15/2028 (b)(f) | 730000 | 765543 |
| Austin Tex Airport Sys Series 2026 B, 5% 11/15/2029 (b)(f) | 560000 | 595258 |
| Dallas Fort Worth International Airport Series 2025 A 1, 5% 11/1/2026 (b) | 26175000 | 26443637 |
| TOTAL TRANSPORTATION |  | 28278114 |
| TOTAL TEXAS |  | 216515017 |
| Utah - 0.5%  |  |  |
| Health Care - 0.1% |  |  |
| Utah Cnty Utah Hosp Rev (Ihc Health Services Inc Proj.) Series 2020B 2, 5% tender 5/15/2060 (c) | 900000 | 904123 |
| Housing - 0.1% |  |  |
| UT Hsg Corp Multifamily Rev Series 2024, 3.7% tender 8/1/2043 (c) | 1765000 | 1768956 |
| Industrial Development - 0.1% |  |  |
| Box Elder Cnty Utah Pollution Ctl Rev (Nucor Corp Proj.) 3.5% 4/1/2028 VRDN (c) | 1040000 | 1040000 |
| Transportation - 0.2% |  |  |
| Salt Lake City UT Arpt Rev Series 2023A, 5% 7/1/2026 (b) | 365000 | 366216 |
| Salt Lake City UT Arpt Rev Series 2023A, 5% 7/1/2027 (b) | 345000 | 352851 |
| Salt Lake City UT Arpt Rev Series 2025A, 5% 7/1/2026 (b) | 500000 | 501666 |
| Salt Lake City UT Arpt Rev Series 2025A, 5% 7/1/2027 (b) | 2020000 | 2065975 |
| TOTAL TRANSPORTATION |  | 3286708 |
| TOTAL UTAH |  | 6999787 |
| Vermont - 0.0%  |  |  |
| Education - 0.0% |  |  |
| Vermont St Stud Assit Corp 5% 6/15/2026 (b) | 620000 | 621189 |
| Virginia - 1.4%  |  |  |
| Electric Utilities - 0.4% |  |  |
| Chesapeake VA Economic Dev Auth Pollution Ctl Rev (Virginia Electric And Power Co Proj.) Series 2008A, 3.65% tender 2/1/2032 (c) | 1200000 | 1210176 |
| Halifax Cnty VA Indl Dev Auth Pollution Ctl Rev (Virginia Electric And Power Co Proj.) 3.8% tender 12/1/2041 (c) | 1020000 | 1028193 |
| Wise Cnty VA Indl Dev Auth Solid Waste & Sew Disp Rev (Virginia Electric And Power Co Proj.) Series 2010A, 3.8% tender 11/1/2040 (c) | 1600000 | 1612852 |
| York Cnty VA Economic Dev Auth Pollutn Ctl Rev (Virginia Electric And Power Co Proj.) Series 2009A, 3.65% tender 5/1/2033 (c) | 1400000 | 1411872 |
| TOTAL ELECTRIC UTILITIES |  | 5263093 |
| Synthetics - 1.0% |  |  |
| Lynchburg Economic Development Authority Participating VRDN Series 2018 XL0075, 3.34% 1/1/2055 (Liquidity Facility JP Morgan Chase Bank NA) (c)(e) | 12140000 | 12140000 |
| Nat'l Sr Campuses Participating VRDN Series 2022 028, 3.44% 1/1/2045 (Liquidity Facility Barclays Bank PLC) (c)(e) | 2615000 | 2615000 |
| TOTAL SYNTHETICS |  | 14755000 |
| TOTAL VIRGINIA |  | 20018093 |
| Washington - 2.0%  |  |  |
| Health Care - 0.7% |  |  |
| Washington St Health Care Facs Auth Rev (Multicare Health System, WA Proj.) 5% 8/15/2029  | 9770000 | 10354829 |
| Housing - 0.7% |  |  |
| Community Roots Housing Foundation Series 2024, 3.4% tender 2/1/2029 (c) | 8585000 | 8644986 |
| Seattle Wash Hsg Auth Rev Series 2023, 5% 6/1/2027  | 440000 | 442682 |
| Washington St Hsg Fin Commn Multifamily Hsg Rev Series 2023, 5% tender 12/1/2043 (c) | 808000 | 809211 |
| TOTAL HOUSING |  | 9896879 |
| Synthetics - 0.2% |  |  |
| Washington Hsg Fin Comm Nonprofit Hsg Rev Participating VRDN Series 2024 XF3227, 3.37% 6/1/2054 (Liquidity Facility Mizuho Capital Markets LLC) (c)(e) | 3000000 | 3000000 |
| Transportation - 0.4% |  |  |
| Port Seattle WA Rev Series 2018 B, 5% 5/1/2026 (b) | 3225000 | 3225000 |
| Port Seattle WA Rev Series 2018A, 5% 5/1/2027 (b) | 1500000 | 1530429 |
| Port Seattle WA Rev Series 2022B, 5% 8/1/2026 (b) | 575000 | 577770 |
| Port Seattle WA Rev Series B, 5% 10/1/2027 (b) | 365000 | 365337 |
| TOTAL TRANSPORTATION |  | 5698536 |
| TOTAL WASHINGTON |  | 28950244 |
| West Virginia - 1.1%  |  |  |
| Electric Utilities - 0.3% |  |  |
| West Virginia Economic Dev Auth Sold Waste Disp Facs Rev (Appalachian Power Co Proj.) Series 2009A, 3.7% tender 12/1/2042 (c) | 4395000 | 4476392 |
| Health Care - 0.2% |  |  |
| West Virginia St Hosp Fin Auth Hosp Rev (West Virginia United Health Sy Stem Proj.) Series 2018 E, 3.71% 6/1/2033 VRDN (c) | 2480000 | 2480000 |
| Industrial Development - 0.6% |  |  |
| West Virginia Economic Dev Auth Sold Waste Disp Facs Rev (Appalachian Power Co Proj.) Series 2011A, 3.3% tender 1/1/2041 (b)(c) | 2940000 | 2961502 |
| West Virginia Economic Dev Auth Sold Waste Disp Facs Rev (Nucor Steel West Virginia Llc Proj.) Series 2025A 1, 3.47% 11/1/2065 (Nucor Corp Guaranteed) VRDN (b)(c) | 6000000 | 6000001 |
| TOTAL INDUSTRIAL DEVELOPMENT |  | 8961503 |
| TOTAL WEST VIRGINIA |  | 15917895 |
| Wisconsin - 0.7%  |  |  |
| General Obligations - 0.3% |  |  |
| Milwaukee WI Gen. Oblig. 2% 3/1/2027  | 1125000 | 1113909 |
| PMA Levy & Aid Anticipation Notes Program TRAN (Wauwatosa Wis Sch Dist Proj.) 5% 9/24/2026  | 3600000 | 3627411 |
| TOTAL GENERAL OBLIGATIONS |  | 4741320 |
| Health Care - 0.1% |  |  |
| Wisconsin St Health & Edl Facs Auth Rev (Mercy Alliance Inc Proj.) Series 2025A, 5% 6/1/2026  | 575000 | 575876 |
| Wisconsin St Health & Edl Facs Auth Rev (Mercy Alliance Inc Proj.) Series 2025A, 5% 6/1/2027  | 370000 | 377893 |
| Wisconsin St Health & Edl Facs Auth Rev (Mercy Alliance Inc Proj.) Series 2025A, 5% 6/1/2029  | 440000 | 465835 |
| TOTAL HEALTH CARE |  | 1419604 |
| Housing - 0.0% |  |  |
| Wisconsin Hsg & Eda Hsg Rev (Wi Mhsg Rev 2007 Proj.) Series 2023 E, 3.875% tender 11/1/2054 (c) | 265000 | 265125 |
| Industrial Development - 0.2% |  |  |
| Wisconsin St Health & Edl Facs Auth Rev (WI Forensic Science Proj Proj.) Series 2024, 5% 8/1/2027 (h) | 2445000 | 2451375 |
| Resource Recovery - 0.1% |  |  |
| Public Fin Auth Wis Sld Waste (Waste Management Inc Del Proj.) Series A 3, 2.95% tender 9/1/2027 (b)(c) | 750000 | 750000 |
| Transportation - 0.0% |  |  |
| Milwaukee Cnty WI Arpt Rev Series 2023 A, 5% 12/1/2026 (b) | 290000 | 293228 |
| TOTAL WISCONSIN |  | 9920652 |
| <br> **TOTAL MUNICIPAL SECURITIES**<br> (Cost $1,455,292,129) |  | <br> **1456925646** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 2.1%** | &nbsp;&nbsp;**Money Market Funds - 2.1%** | &nbsp;&nbsp;**Money Market Funds - 2.1%** | &nbsp;&nbsp;**Money Market Funds - 2.1%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Municipal Cash Central Fund (j)(k)<br>(Cost $29,857,017)<br>| 3.54 | 29851047 | **29857017** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 102.3%**<br> (Cost $1,485,149,146)<br>| <br>**1486782663** |
| **NET OTHER ASSETS (LIABILITIES) - (2.3)%**  | **(33271384)** |
| **NET ASSETS - 100.0%** | **1453511279** |

---

**Security Type Abbreviations**

BAN - BOND ANTICIPATION NOTE <br> TRAN - TAX AND REVENUE ANTICIPATION NOTE <br> VRDN - VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly)

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.

(c) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(d) Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $48,897,834 or 3.4% of net assets.

(e) Provides evidence of ownership in one or more underlying municipal bonds. Coupon rates are determined by re-marketing agents based on current market conditions.

(f) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(g) Zero coupon bond which is issued at a discount.

(h) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $12,050,692 or 0.8% of net assets.

(i) Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.

(j) Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Central Fund.

(k) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

---

| | | |
|:---|:---|:---|
| Additional information on each restricted holding is as follows: | Additional information on each restricted holding is as follows: | Additional information on each restricted holding is as follows: |
| Security | Acquisition Date | Acquisition Cost ($)<br>|
| Arizona Ind Dev Auth Multi Fam Hsg Auth Participating VRDN Series 2023 MIZ9157, 3.32% 12/1/2063 (Liquidity Facility Mizuho Capital Markets LLC) | 1/19/2024 | 1094031 |
| Bowling Green KY Indl Bldg Rev Series 2026 MS0090, SIFMA Municipal Swap Index + 0.18%, 3.27% tender 12/1/2027 (Liquidity Facility Morgan Stanley Bank NA) | 1/8/2026 | 7305000 |
| California Statewide Cmntys Dev Auth Multi Fam Hsg Rev Participating VRDN 3.27% 11/1/2052 (Liquidity Facility Mizuho Capital Markets LLC) | 5/22/2025 | 850000 |
| California Statewide Cmntys Dev Auth Multi Fam Hsg Rev Participating VRDN Series 2025 MIZ9232, 3.37% 10/8/2028 (Liquidity Facility Mizuho Capital Markets LLC) | 10/9/2025 | 5070000 |
| California Statewide Cmntys Dev Auth Multi Fam Hsg Rev Participating VRDN Series 2025 MIZ9233, 3.37% 12/1/2027 (Liquidity Facility Mizuho Capital Markets LLC) | 10/9/2025 | 14100000 |
| El Paso TX Hsg Fin Auth Participating VRDN Series 2022 MIZ9104, 3.32% 8/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) | 1/19/2024 | 732488 |
| Metropolitan Govt Nashville & Davidson County Hlth & Edl Facs Participating VRDN Series 2024 MIZ9163, 3.32% 12/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) | 1/19/2024 | 884342 |
| Miami Dade County Hsg Multi Fam Hsg Rev Participating VRDN Series 2022 MIZ9087, 3.32% 11/1/2061 (Liquidity Facility Mizuho Capital Markets LLC) | 1/19/2024 | 585000 |
| Nat'l Fin Auth NH Specialty Bonds Series 2024 MS0023, 3.39% tender 12/15/2030 (Liquidity Facility Morgan Stanley Bank NA) | 4/16/2024 | 6000000 |
| Saint Paul Hsg & Redev Auth Rev Participating VRDN Series 2023 MIZ9145, 3.32% 6/1/2063 (Liquidity Facility Mizuho Capital Markets LLC) | 9/26/2024 | 2600000 |
| St Louis County Ind Dev Auth Multi Fam Hsg Rev Participating VRDN 3.32% 10/1/2063 (Liquidity Facility Mizuho Capital Markets LLC) | 1/19/2024 | 1130499 |
| Steele Duncan Plaza LLC Participating VRDN Series 2022 MIZ9103, 3.32% 8/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) | 1/19/2024 | 942956 |
| Texas Affordable Hsg Corp Multi Fam Hsg Rev Participating VRDN 3.32% 10/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) | 1/19/2024 | 7603517 |

---

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Municipal Cash Central Fund | 62318128 | 74779881 | 107240992 | 268320 | - | - | 29857017 | 29851047 | 0.8% |
| Total | 62318128 | 74779881 | 107240992 | 268320 | - | - | 29857017 |  |  |

---

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.

**Investment Valuation**

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - Unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value investments by major category are as follows:

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Municipal Securities are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

*The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.*

*Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Salem Street Trust

- **b. Investment Company Act file number:** 811-02105

- **c. CIK number of Registrant:** 0000035315

- **d. LEI of Registrant:** S4W85DGKOEJ24DPRB829

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

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

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

- **a. Name of Series:** Fidelity SAI Conservative Income Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000082358

- **c. LEI of Series:** 254900EID98MWG68UG15

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

- **a. Date of fiscal year-end:** 2027-01-31

- **b. Date as of which information is reported:** 2026-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1489852485.48

**Total Liabilities:** $36973726.11

**Net Assets:** $1452878759.37

**Delayed Delivery Securities:** $18672069.80

**Cash Not Reported:** $613.49

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 15939.72997410 | **1-Year:** 53617.99569420 | **5-Year:** 28184.84955010 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 1275.20740657 | **1-Year:** 1973.72299261 | **5-Year:** 812.23259229 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000245667 | 0.31%                | -0.04%               | 0.26%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $107087.40               | $1060042.56                                |
| Month 2  | $176526.89               | $-4198430.56                               |
| Month 3  | $6005.29                 | $-237720.43                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FLORIDA DEV FIN CORP HEALTHCARE FACS REV                                           | FL HLTHCARE FAC 5% 8/1/2026                                               | CUSIP: 34061QBY2<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    440000 | PA      | $442275.24    | 0.03%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CA ST MFA SW 3.85% MT @                                                   | CUSIP: 13048RAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6248798.13   | 0.43%             | 2041-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| STANTON CNTY NE INDL DEV REV                                                       | NE NUCOR 98 V7@                                                           | CUSIP: 854743AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $600000.00    | 0.04%             | 2028-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                     | MTRO WA DC ARPT 5% 10/1/2028 @                                            | CUSIP: 592647LL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2305000 | PA      | $2416446.06   | 0.17%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | NY MTA TRANSP 2023-XF1649-LA Q=JPMC BK D7                                 | CUSIP: 88035G3V8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2570000 | PA      | $2570000.00   | 0.18%             | 2045-11-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PMA LEVY and AID ANTIC NTS PROGRAM WIS                                             | WI PMA LEVY and AID 25B 9/24/26 TRAN                                      | CUSIP: 730146DQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3627411.12   | 0.25%             | 2026-09-24      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ECONOMIC DEV REV                                               | IN FIN ECON REP SERV 2012 MT@                                             | CUSIP: 45505RBT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2449398.28   | 0.17%             | 2028-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HEALTH CARE AUTH FOR BAPT HLTH ALA                                                 | 42219UBR2 HLTH BAPTIST AL RFLOAT V7                                       | CUSIP: 42219UBR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1771000 | PA      | $1771000.00   | 0.12%             | 2042-11-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                     | MTRO WA DC ARPT 5% 10/1/2027 @                                            | CUSIP: 592647FY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028333.30   | 0.07%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                     | MTRO WA DC ARPT 5% 10/1/2026 @                                            | CUSIP: 592647NH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $680690.72    | 0.05%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | CA CMNTY CHOICE FIN AUTH 2022-XF3007-NUV Q=MO D7                          | CUSIP: 88035DDL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16315000 | PA      | $16315000.00  | 1.12%             | 2053-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RESIDENTIA L MTG REV                                           | OH HFA RES MTG 5% 3/1/2028                                                | CUSIP: 67756Q5Y9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $155826.20    | 0.01%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | CA COMNTY CHOICE 2026-XL0727-NUV Q=MO D7 - for cash- URGENT               | CUSIP: 88035TNX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4300000.00   | 0.30%             | 2056-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY N Y INDL DEV AGY MULTI-FAMILY HSG REV                                  | MONRO NY 61075N 5% 7/1/2028                                               | CUSIP: 61075NAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    593000 | PA      | $606263.04    | 0.04%             | 2028-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 4% MT                                                     | CUSIP: 56035DCZ3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3825000 | PA      | $3879254.95   | 0.27%             | 2052-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REV                                                                | ATLANTA GA ARPT 5% 7/1/2027 @                                             | CUSIP: 04780M2H1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4495000 | PA      | $4604601.59   | 0.32%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                  | SOUTHEAST EN AL 5% 1/1/2028                                               | CUSIP: 84136HBG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $759139.28    | 0.05%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | AZ IDA MF HSG ROERS FLAGSTAFF 2023-MIZ9157 MZ/MZ D35                      | CUSIP: 60700HUK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1094031 | PA      | $1094031.00   | 0.08%             | 2063-12-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                         | CHICAGO MIDWAY 5% 1/1/2027 @                                              | CUSIP: 167562TQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013694.50   | 0.07%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5.5% 6/1/2049 MT                                           | CUSIP: 09182TCR6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1584999.13   | 0.11%             | 2049-06-01      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                       | DENVER CO ARPT 5% 12/1/2027 @                                             | CUSIP: 249182LA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1674811.78   | 0.12%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TEX HSG TR PUB FACCORP MULTIFAMILY HSG REV                             | SAN ANTONI TXS 3.45% MT                                                   | CUSIP: 79626VAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3840000 | PA      | $3858650.50   | 0.27%             | 2029-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE | SAN FRAN ARPT 5% 5/1/2026 @                                               | CUSIP: 79766DVA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2160000.00   | 0.15%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ IDA REV                                                           | MARICOPA IDA 5% MT                                                        | CUSIP: 56682HCT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501263.75   | 0.10%             | 2046-01-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WADENA MINN REV                                                                    | WADENA MINN REV 5% 12/1/2026                                              | CUSIP: 930256AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202098.26    | 0.01%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                                        | PHIL PA AIRPORT 5% 7/1/2026@                                              | CUSIP: 717817YF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1785417.43   | 0.12%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 9/1/2026                                               | CUSIP: 56035DGG1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201206.94    | 0.01%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                     | MTRO WA DC ARPT 5% 10/1/2027 @                                            | CUSIP: 592647MK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4035000 | PA      | $4149324.87   | 0.29%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLA HSG FIN CORP MULTIFAMILY MTG REV                                               | FL MHSG 3.35% MT                                                          | CUSIP: 34074HHA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2505338.50   | 0.17%             | 2027-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DRYDEN TOWN N Y                                                                    | DRYDEN TWN NY 1/19/27 BAN                                                 | CUSIP: 26252BAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5795281 | PA      | $5840135.32   | 0.40%             | 2027-01-19      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ABINGTON MA                                                                        | ABINGTON TWN MA 4/22/27 BAN                                               | CUSIP: 003518QM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4036849.60   | 0.28%             | 2027-04-22      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5% 8/1/2026                                                | CUSIP: 09182TEY9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1470893.70   | 0.10%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHERN MUN PWR AGY MN ELEC                                                       | N MUNI PWR 5% 1/1/2027                                                    | CUSIP: 665444LC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $212820.01    | 0.01%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LIBERTY NY DEV CORP REV                                                            | LIBERTY NY DEV 2015-XM0106 LIQ MORGAN STANLEY                             | CUSIP: 531127AM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1941500 | PA      | $1941500.00   | 0.13%             | 2035-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK SPL OBL                                                         | MISSISSIPPI DEO 5% 6/1/2027                                               | CUSIP: 60534XR24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $127492.06    | 0.01%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT PORTLAND OR ARPT REV                                                          | PORTLND OR ARPT 5% 7/1/2026                                               | CUSIP: 735240U43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $240909.12    | 0.02%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                     | MTRO WA DC ARPT 5% 10/1/2026 @                                            | CUSIP: 592647FX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $615142.73    | 0.04%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                         | BURKE GA PCR 3.7% MT                                                      | CUSIP: 121342QM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1193633.25   | 0.08%             | 2032-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHFIELD MICH PUB SCHS                                                           | SOUTHFIELD MICH 5% 5/1/2026                                               | CUSIP: 844215RA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $850000.00    | 0.06%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                | PORT SEATTLE 5% 5/1/2027 @                                                | CUSIP: 735389C63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1530429.30   | 0.11%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONALFIN AUTH REV                                         | NEW YORK AUTH 5% 11/1/2027                                                | CUSIP: 64972JSK5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    750000 | PA      | $776689.05    | 0.05%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BEXAR MGMT and DEV CORP TEX MULTIFAMILY HSG REV                                    | BEXAR MGMT and DE 3.02% MT                                                | CUSIP: 08857CAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7145000 | PA      | $7150138.68   | 0.49%             | 2045-05-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA                                                                  | WASH DC GO 26C V1                                                         | CUSIP: 25476FJ74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16300000 | PA      | $16300000.00  | 1.12%             | 2051-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WEST HAVEN CT                                                                      | W HAVEN CT 4.25% 6/24/2026                                                | CUSIP: 9531402Q2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1902392.67   | 0.13%             | 2026-06-24      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SULLIVAN WEST CENT SCH DIST NY                                                     | SULLIVAN WEST NY CSD 6/25/26 BAN                                          | CUSIP: 865353DG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7700000 | PA      | $7708821.12   | 0.53%             | 2026-06-25      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                         | SLT LAKE U 5% 7/1/2027@                                                   | CUSIP: 795576MF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2065974.59   | 0.14%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | NASHVILLE and DAVIDSON TN HLTH and EDUC EWING HGTS 2024-MIZ9163 MZ/MZ D35 | CUSIP: 60700HVD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    884342 | PA      | $884342.00    | 0.06%             | 2062-12-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                           | WISCONSIN ST H 5% 6/1/2026                                                | CUSIP: 97712JPR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $575875.21    | 0.04%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DECATUR AL INDL DEV BRD EXEMPT                                                     | AL NUCOR 03A V7@                                                          | CUSIP: 242846AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9710000 | PA      | $9710000.00   | 0.67%             | 2036-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MOBILE AL IDB POLLUTN CTL REV                                                      | MOBILE AL IDB 2.75% 7/15/2034 MT                                          | CUSIP: 607167DX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $866902.49    | 0.06%             | 2034-07-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                     | KENTUCKY INC KY 5% 12/1/2028                                              | CUSIP: 74440DFK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040090.40   | 0.07%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                         | BURKE GA PCR 3.8% MT                                                      | CUSIP: 121342QG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1085276.35   | 0.07%             | 2032-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ARGYLE TX INDPT SCH DIST                                                           | ARGYLE TX ISD 4% G=PSF 8/15/2057 MT                                       | CUSIP: 040319X26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2810000 | PA      | $2848652.39   | 0.20%             | 2057-08-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ST JOHN BAPTIST PARISH LA REV                                                      | ST JOHN BAP REV 4.05% MT                                                  | CUSIP: 79020FAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2940000 | PA      | $2945399.31   | 0.20%             | 2037-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CA ST MFA SW 4.25% MT@                                                    | CUSIP: 13048RAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2748756.73   | 0.19%             | 2046-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG and FIN AUTH MULTIFAMILY HSG REV                                      | CO HSG and FIN 3.5% 11/1/2043                                             | CUSIP: 19647PDN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2910000 | PA      | $2911177.68   | 0.20%             | 2043-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HSG FIN and DEV CORP MULTIFAMILY REV                                     | HI ST HSG FIN 3.3% MT                                                     | CUSIP: 41981PCG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6795000 | PA      | $6828746.69   | 0.47%             | 2029-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DALLAS TEX HSG FIN CORP MULTI FAMILY HSG REV                                       | CITY OF DALLAS HOUSING FINANCE CORPORATION 2023 5% 7/1/2042               | CUSIP: 235298BU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1138000 | PA      | $1152682.93   | 0.08%             | 2042-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                           | NY TRANS CORP 5% 12/1/2026 @                                              | CUSIP: 650116FA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1842200.99   | 0.13%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC and GAS REV                                                    | SAN ANTONIO E and G 2.90% MT                                              | CUSIP: 79625GNS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2340000 | PA      | $2329763.90   | 0.16%             | 2055-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| COLUMBUS-FRANKLIN CNTY OHIO FIN AUTH MULTIFAMILY HSG REV                           | COLUMBUS HSG RE 5% 7/1/2045 MT                                            | CUSIP: 19910XAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $770801.38    | 0.05%             | 2045-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                   | NYC NY 5% 4/1/2028                                                        | CUSIP: 64966SKW5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2530000 | PA      | $2647003.90   | 0.18%             | 2028-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                | PORT NY NJ 5% 12/1/2026 @                                                 | CUSIP: 73358XJU7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3155000 | PA      | $3196537.78   | 0.22%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CA SOLID WASTE REPUBLIC SEVICES 21A MT@                                   | CUSIP: 13048RAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7300000 | PA      | $7294573.18   | 0.50%             | 2041-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | MD MF HSG WOODINGTON GARDENS 2024-XF3222-AMR MZ/MZ D7                     | CUSIP: 88035HK96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2600000.00   | 0.18%             | 2054-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | CA MF HSG FIN AGY 2023-XF3127-AMR MZ/MZ D7                                | CUSIP: 88035F4X5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1010000.00   | 0.07%             | 2030-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CA SOLID WASTE REPUBLIC SEVICES 21B MT@                                   | CUSIP: 13048RAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $299887.56    | 0.02%             | 2051-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | SAINT LOUIS MO IDA HAWKINS VILLAGE APTS 2023-MIZ9153 MZ/MZ D35            | CUSIP: 60700HTX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130499 | PA      | $1130499.00   | 0.08%             | 2063-10-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                  | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT 5% 11/1/2026            | CUSIP: 84136HAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $610051.69    | 0.04%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FLA EXPWY AUTH TOLL SYS REV                                        | MIAMI-DADE CNTY FLA EXPWY AUTH ROCS RR II R-11871X                        | CUSIP: 59334KGB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1050000.00   | 0.07%             | 2035-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NAVARRO TEX INDPT SCH DIST                                                         | NAVARRO ISD 4% 2/15/28 MT                                                 | CUSIP: 639285SW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3255000 | PA      | $3325342.50   | 0.23%             | 2062-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                         | DETROIT MI 5% 5/1/2026                                                    | CUSIP: 2510936G0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1180000.00   | 0.08%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UTICA MI CMNTY SCHS                                                                | UTICA MI CSD 5% 5/1/2027                                                  | CUSIP: 917661Z86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1534760.10   | 0.11%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                | ILLINOIS FN RV 5% 1/1/2027                                                | CUSIP: 45204FG25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2463863.05   | 0.17%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LONG BEACH N Y                                                                     | LONG BEACH CITY NY 26A 5/5/27 BAN                                         | CUSIP: 542519GX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9010000 | PA      | $9115881.92   | 0.63%             | 2027-05-05      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                      | LA CA AIRPT 5% 5/15/2028 @                                                | CUSIP: 5444453G2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5700000 | PA      | $5947063.08   | 0.41%             | 2028-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HONOLULU HI CITY and CNTY MFR                                                      | HONOLULU HI MFR 5% 12/1/2026 MT                                           | CUSIP: 438697BQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002969.40   | 0.14%             | 2027-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HEALTH and EDL BLDG CORP HIGHER ED FAC REV                            | RI HLTH and EDL 5% 6/1/2026                                               | CUSIP: 762197S51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350568.44    | 0.02%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BROWARD CTY FL HSG AUT HSG REV                                                     | BROWARD HSG 3.15% MT                                                      | CUSIP: 115027RE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2910000 | PA      | $2910680.36   | 0.20%             | 2028-03-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | TX ST MF HSG ROERS BOERNE 2023-MIZ9124 MZ/MZ D35                          | CUSIP: 60700HQD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7603517 | PA      | $7603517.00   | 0.52%             | 2062-10-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV                                      | BLACK BELT ALAB 4% MT                                                     | CUSIP: 09182NCB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2055000 | PA      | $2076413.72   | 0.14%             | 2052-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OLATHE KS                                                                          | OLATHE KS 2.50% 10/1/2027                                                 | CUSIP: 679384KP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $407134.88    | 0.03%             | 2027-10-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                      | FL MIAMI DADE ARPT BC22-025 BC/BC DR42@                                   | CUSIP: 76252PUS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4800000 | PA      | $4800000.00   | 0.33%             | 2040-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | EL PASO TX HSG FIN 2022-MIZ9104 MZ/MZ D35                                 | CUSIP: 60700HNE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    732488 | PA      | $732488.00    | 0.05%             | 2062-08-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| ST CLOUD MINN HEALTH CARE RV                                                       | ST CLOUD_MN HLT 5% 5/1/2030                                               | CUSIP: 78916VFA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3530000 | PA      | $3809142.87   | 0.26%             | 2030-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | CHICAGO IL O'HARE ARPT 2025-XF8113-PUT Q=JP D1@                           | CUSIP: 88035TEX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1800000.00   | 0.12%             | 2055-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5% 5/1/2029                                                | CUSIP: 09182TFV4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    525000 | PA      | $544581.61    | 0.04%             | 2029-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                  | SOUTHEAST EN AL 5% 10/1/2028                                              | CUSIP: 84136HCR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4275000 | PA      | $4457387.75   | 0.31%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK SPL OBL                                                         | MISSISSIPPI DEO 5% 6/1/2026                                               | CUSIP: 60534XQ90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $751058.78    | 0.05%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DALLAS TX ISD                                                                      | DALLAS TX ISD 5% MT                                                       | CUSIP: 235308Y23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2215431.33   | 0.15%             | 2056-02-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | GRAND TRAVERSE MI ECON DEV CORP 2023-XF3120-AMR MZ/MZ D7                  | CUSIP: 88035FV49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $560000.00    | 0.04%             | 2065-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                       | DENVER CO ARPT 5.25% 11/15/2026                                           | CUSIP: 249182SU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1842469.54   | 0.13%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 4% 07/01/2052 MT                                          | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2165000 | PA      | $2192942.57   | 0.15%             | 2052-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPTBD BK                                                 | INDIANAPOLIS BK 5% 1/1/2027 @                                             | CUSIP: 45528VAY5<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    765000 | PA      | $774815.64    | 0.05%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                      | GA MEAG 5% 7/1/2026                                                       | CUSIP: 62620HET5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $135522.80    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HEALTH and EDL BLDG CORP HIGHER ED FAC REV                            | RI HLTH and EDL 5% 6/1/2027                                               | CUSIP: 762197S69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $265882.68    | 0.02%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLUMBIA GA HSG AU MLTI FAM RV                                                     | COLUMBIA MHSG 3.3% MT                                                     | CUSIP: 199123CM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2382433.51   | 0.16%             | 2028-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG                                                       | CT SPEC TAX 5% 5/1/2026                                                   | CUSIP: 207758B69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $465000.00    | 0.03%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH SOLD WASTE DISP FACS REV                           | WV EDA SLD WAST 3.3% MT @                                                 | CUSIP: 95648VBY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2940000 | PA      | $2961502.28   | 0.20%             | 2041-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                    | CONN ST HEALTH 3.2% 7/1/2037 MT                                           | CUSIP: 20775DVU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1135724.36   | 0.08%             | 2037-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT OAKLAND CALIF REV                                                             | PORT OAKLAND CA 5% 5/1/2026 @                                             | CUSIP: 735000UW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5000.00      | 0.00%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                                        | PHIL PA AIRPORT 5% 7/1/2027@                                              | CUSIP: 717817YG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1171059.86   | 0.08%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                     | MTRO WA DC ARPT 5% 10/1/2027 @                                            | CUSIP: 592647NJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $565583.32    | 0.04%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISE CNTY VA INDL DEV AUTH SOLID WASTE and SEW DISP REV                            | WISE VA IDA SW 3.8% MT                                                    | CUSIP: 977228AF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1612851.36   | 0.11%             | 2040-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BERKELEY CNTY SC INDL DEV REV                                                      | SC NUCOR 95 V7@                                                           | CUSIP: 084185DB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $900000.00    | 0.06%             | 2028-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 6/1/2027                                               | CUSIP: 56035DJN3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    250000 | PA      | $254327.80    | 0.02%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CO FL IDA SLD WASTE DISP REV                                            | MIAMI-DADE SLW 4.50% 11/1/2048 MT @                                       | CUSIP: 59333GAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7700000 | PA      | $7705825.82   | 0.53%             | 2048-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                    | PA ST 5% 7/15/2026                                                        | CUSIP: 70914PP97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1155393.04   | 0.08%             | 2026-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 11/1/2026                                                        | CUSIP: 452152Q61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $535630.24    | 0.04%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 12/1/2026                                              | CUSIP: 56035DFN7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    110000 | PA      | $111169.99    | 0.01%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MOBILE AL IDB POLLUTN CTL REV                                                      | MOBILE AL IDB 3.78% MT                                                    | CUSIP: 607167DW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $505458.09    | 0.03%             | 2034-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV                            | CALIFORNIA CMY 5% 12/1/2026                                               | CUSIP: 13013JDT0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005900.10   | 0.07%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                      | BALTIMORE MD OAK CREST VLG BC22-032 BC/BC D42                             | CUSIP: 76252PVZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1175000.00   | 0.08%             | 2050-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                      | VA NATL SENIOR CAMPUS BC22-028 BC/BC DR42                                 | CUSIP: 76252PVB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2615000 | PA      | $2615000.00   | 0.18%             | 2045-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| JACKSON ST UNIV EDL BLDG CORP MS REV                                               | JACKSON ST UNIV .80% 3/1/2028                                             | CUSIP: 468714FF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3325000 | PA      | $3192482.46   | 0.22%             | 2028-03-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 9/1/2026                                               | CUSIP: 56035DEU2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    245000 | PA      | $246478.50    | 0.02%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MEADE CNTY KY INDL BLDG REV                                                        | KY NUCOR 20A1 V1@                                                         | CUSIP: 583022AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7525000 | PA      | $7525000.00   | 0.52%             | 2060-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| GRAND RAPIDS MI PUB SCHS                                                           | GRAND RAPIDS 5% 5/1/2026                                                  | CUSIP: 386280SA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.07%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REV                                                          | JEFF AL W+S 5% 10/1/2026                                                  | CUSIP: 472682YV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $312710.42    | 0.02%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT ATH REV                                                     | ALLEG PA ARPT 5% 1/1/2027 @                                               | CUSIP: 01728LGL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $314492.77    | 0.02%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                      | GT ORLANDO ARPT 5% 10/1/2027 @                                            | CUSIP: 392275EP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3084999.90   | 0.21%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 5/1/2026                                                         | CUSIP: 452153JH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $915000.00    | 0.06%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                                        | PHIL PA AIRPORT 5% 7/1/2026 @                                             | CUSIP: 717817XG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $366215.82    | 0.03%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT ATH REV                                                     | ALLEG PA ARPT 5% 1/1/2027 @                                               | CUSIP: 01728LER9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $380010.83    | 0.03%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LEGACY DENTON PUB FAC CORP TEXMULTIFAMILY HSG REV                                  | LEGACY DENTON 2.96% MT                                                    | CUSIP: 52474GAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1397591.86   | 0.10%             | 2043-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| JEWETT ECONOMIC DEV CORP TEX I                                                     | TX NUCOR 03 V7@                                                           | CUSIP: 477349AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1285000.00   | 0.09%             | 2038-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| GEISINGER AUTH PA HLTH SYS REV                                                     | GEISINGER PA 5% 4/1/2043 MT                                               | CUSIP: 368497JX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2280000 | PA      | $2294724.70   | 0.16%             | 2043-04-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RESIDENTIA L MTG REV                                           | OH HFA RES MTG 5% 9/1/2027                                                | CUSIP: 67756Q5X1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102962.59    | 0.01%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                      | LA CA AIRPT 5% 5/15/2026 @                                                | CUSIP: 5444453E7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $430352.56    | 0.03%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | BRIGHTLINE FL PASSENGER RAIL 2024-XG0577-NUV E-AGM(BC)/BC D1@             | CUSIP: 88035HZ74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4500000.00   | 0.31%             | 2053-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                      | PA EDFA SW 3.65% MT@                                                      | CUSIP: 708692BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12500000 | PA      | $12494716.25  | 0.86%             | 2044-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5.50% 6/1/2026                                             | CUSIP: 09182TCU9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    430000 | PA      | $430759.51    | 0.03%             | 2026-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH NY RV                                                     | NY MTA TRANSP 5% 11/15/2026                                               | CUSIP: 59261ANH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $739115.73    | 0.05%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HUMBLE TX INDPT SCH DIST                                                           | HUMBLE TX ISD 5% 2/15/2027                                                | CUSIP: 445047NG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8215000 | PA      | $8365581.77   | 0.58%             | 2027-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                     | KENTUCKY INC KY 5% 12/1/2027                                              | CUSIP: 74440DFH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $636243.75    | 0.04%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | LEE FL ARPT 2025-XM1239-ALL Q=JP D1@                                      | CUSIP: 88035M2K0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8160000 | PA      | $8160000.00   | 0.56%             | 2054-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                           | WISCONSIN ST H 5% 6/1/2029                                                | CUSIP: 97712JPU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $465835.39    | 0.03%             | 2029-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KANE COOK DU PAGE CNTYS IL SD                                                      | KANE COOK DUPAG 5% 1/1/2028                                               | CUSIP: 483836VR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $466916.76    | 0.03%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT OAKLAND CALIF REV                                                             | PORT OAKLAND CA 5% 5/1/2026 @                                             | CUSIP: 735000VG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.07%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                           | WISCONSIN ST H 5% 6/1/2027                                                | CUSIP: 97712JPS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $377893.43    | 0.03%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | CA ST MFH KENSINGTON APTS 2022-MIZ9113 MZ/MZ D35                          | CUSIP: 60700HPB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $850000.00    | 0.06%             | 2052-11-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| KENTUCKY HIGHER ED STUDENT LN CORP STUDENT LN REV                                  | KY STUD LN 23-1A1 L=BA V7@                                                | CUSIP: 49130NGN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  40700000 | PA      | $40700000.00  | 2.80%             | 2043-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                       | COLORADO HEALTH 5% 11/15/2027                                             | CUSIP: 19648FAJ3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2370000 | PA      | $2374090.62   | 0.16%             | 2027-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL DEV REVS                                             | PA THO JFFRSN U 17B RFLOAT7                                               | CUSIP: 71781XCR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16595000 | PA      | $16595000.00  | 1.14%             | 2050-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                      | PA EDFA SW 4% MT @                                                        | CUSIP: 708692BV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1899287.88   | 0.13%             | 2049-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MICH ARPT AUTH REV                                                      | WAYNE CO MI AAR 5% 12/1/2026 @                                            | CUSIP: 9445142Q0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3080000 | PA      | $3114100.53   | 0.21%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5% 7/1/2028                                                | CUSIP: 09182THD2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    850000 | PA      | $874987.96    | 0.06%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE TX INDPT SCH DIST                                                        | NTHSIDE TX ISD 3.55% MT                                                   | CUSIP: 66702RR79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6455000 | PA      | $6534612.74   | 0.45%             | 2050-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                         | SLT LAKE U 5% 7/1/2026@                                                   | CUSIP: 795576ME4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501665.50    | 0.03%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FD LTD OBLIG REV                                             | MI STRAT FND 3.35% MT@                                                    | CUSIP: 594698TK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5165000 | PA      | $5153957.75   | 0.35%             | 2049-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REV                                                                   | 67756CCG1 OH UNIV HOSP HLTH SVCS 15B RFLAOT V7                            | CUSIP: 67756CCG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4770000 | PA      | $4770000.00   | 0.33%             | 2045-01-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BRAZOS TEX HIGHER ED AUTH INCSTUDENT LN PROG REV                                   | BRAZOS TEX HIGH 5% 4/1/2028@                                              | CUSIP: 10623ACU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1179219.20   | 0.08%             | 2028-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CUERO TX INDEPENDENT SCHOOL DISTRICT                                               | CUERO TX INDEPE 5% 8/15/2026                                              | CUSIP: 229831HX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $719575.93    | 0.05%             | 2026-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIKER HSG PARTNERS COLO MULTIFAMILY HSG REV                                       | CO MAIKER MFH OVERLOOK MT                                                 | CUSIP: 56031AAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2199542.40   | 0.15%             | 2042-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| EAST HAMPTON NY UN FREE SH DIS                                                     | EAST HAMP NY SD 2.10% 6/1/2027                                            | CUSIP: 272718GS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $721799.55    | 0.05%             | 2027-06-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH MULTIFAMILY HSG REV                                       | ARIZONA ST INDL 2.76% MT                                                  | CUSIP: 04062PDH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5460000 | PA      | $5405539.23   | 0.37%             | 2047-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                      | MD RIDERWOOD VLG BC22-029 BC/BC DR42                                      | CUSIP: 76252PVG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2935000 | PA      | $2935000.00   | 0.20%             | 2045-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MICH ARPT AUTH REV                                                      | WAYNE CO MI AAR 5% 12/1/2027 @                                            | CUSIP: 9445142R8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6340000 | PA      | $6536330.15   | 0.45%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                     | CHICAGO OHARE 5% 1/1/2028 @                                               | CUSIP: 1675935L2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6465000 | PA      | $6691957.06   | 0.46%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX FIN CORP MFHR                                                          | HOUSTON TX MF 5% 8/1/2041                                                 | CUSIP: 442396EL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $622675.98    | 0.04%             | 2041-08-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| OK DEV FIN AUTH HEALTH SYS REV                                                     | 67884XCU9 OK INTEGRIS HLTH 20B V7                                         | CUSIP: 67884XCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4250000.00   | 0.29%             | 2031-08-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ST CLAIR CNTY ILL CMNTY UNIT SCH DIST NO 187 CAHOKIA                               | ST CLAIR CNTY L 5% 1/1/2028                                               | CUSIP: 788550LW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $232638.17    | 0.02%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ECONOMIC DEV FIN AUTH SOLID WASTE DISP REV                                | KY EDFA WASTE VAR MT                                                      | CUSIP: 49126RAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $619650.69    | 0.04%             | 2028-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                            | NYS_HFA 3.375% MT                                                         | CUSIP: 64987JQ38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6430000 | PA      | $6430989.58   | 0.44%             | 2063-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | CA MFH FOUNTAIN PK 2025-MIZ9233 MZ/MZ D35@                                | CUSIP: 60700HP29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14100000 | PA      | $14100000.00  | 0.97%             | 2027-12-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                  | SOUTHEAST EN AL 5% 11/1/2027                                              | CUSIP: 84136HAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $619650.92    | 0.04%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST COLLEGE BLDG                                                      | MA ST COLL BLDG 0% 5/1/2026 ETM                                           | CUSIP: 575832GV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3385000 | PA      | $3385000.00   | 0.23%             | 2026-05-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE | SAN FRAN ARPT 5% 5/1/2027 @                                               | CUSIP: 79766DSL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2190000 | PA      | $2232470.23   | 0.15%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BOERNE TX ISD                                                                      | BOERNE TX ISD 0% 2/1/2053                                                 | CUSIP: 097067NL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5550000 | PA      | $5552595.18   | 0.38%             | 2053-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| METRO NASHVLL ARPT TN                                                              | MET NASH AIR TN 5% 7/1/2026 @                                             | CUSIP: 592190QF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $245675.24    | 0.02%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER and EXPOSITION AUTH ILL DEDICATED ST TAX REV                     | MET PIER and EXPO 0% 6/15/2026                                            | CUSIP: 592248AY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $408491.57    | 0.03%             | 2026-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                         | SLT LAKE U 5% 7/1/2026 @                                                  | CUSIP: 795576LH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $366215.82    | 0.03%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| EAST SYRACUSE-MINOA NY CENT SD                                                     | E SYRACUSE MINOA NY CSD 6/25/26 BAN                                       | CUSIP: 275443EX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6100000 | PA      | $6108070.91   | 0.42%             | 2026-06-25      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 5/1/2028                                                         | CUSIP: 452153JK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $645548.96    | 0.04%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ IDA MULTIFAMILY                                                       | PIMA CO AZ MF 0% 10/1/2059 MT                                             | CUSIP: 721779LM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6645000 | PA      | $6591376.18   | 0.45%             | 2059-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REV                                                          | JEFF AL W+S 5% 10/1/2027                                                  | CUSIP: 472682YW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $298640.14    | 0.02%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | KY WKU STUDENT LIFE 2026-MS0090 MO/MO D7                                  | CUSIP: 88035TKP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7305000 | PA      | $7305000.00   | 0.50%             | 2027-12-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                     | MTRO WA DC ARPT 5% 10/1/2026 @                                            | CUSIP: 592647LJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $721027.95    | 0.05%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                         | DETROIT MI 5% 5/1/2027                                                    | CUSIP: 2510936H8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1260398.12   | 0.09%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OK CNTY OKLA FIN AUTH EDL FACS LEASE REV                                           | OKLAHOMA COUNTY 5% 10/1/2027                                              | CUSIP: 67868UJA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $149373.52    | 0.01%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                            | NYS HFA J-2 1.1% MT                                                       | CUSIP: 64987JRC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2620000 | PA      | $2551807.43   | 0.18%             | 2061-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CO FL SLDWST RECV                                                     | HILLSBOROUGH CNTY SOLID WASTE 5% 9/1/2026                                 | CUSIP: 432342DM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $829550.95    | 0.06%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COMMUNITY ROOTS HOUSING FOUNDATION                                                 | COMMUNITY ROOTS HOUSING FOUNDATION 3.4% MT                                | CUSIP: 20403EAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8585000 | PA      | $8644985.97   | 0.60%             | 2029-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| LEWISBURG TENN INDL DEV BRD SO LID WASTE DISP REV                                  | LEWSBRG TN (WSTE MGT) MT@                                                 | CUSIP: 528236AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 0.03%             | 2035-07-02      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX FIN CORP MFHR                                                          | HOUSTON TX MF 3.65% MT                                                    | CUSIP: 442396EN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3325000 | PA      | $3347555.14   | 0.23%             | 2048-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                  | SOUTHEAST EN AL 5% 7/1/2026                                               | CUSIP: 84136HBD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $550648.23    | 0.04%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CUMBERLAND CNTY NC                                                                 | CUMBERLAND CNTY NC PRJ AERO PRE MT@                                       | CUSIP: 230589AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2995239.00   | 0.21%             | 2027-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 5/1/2026                                                         | CUSIP: 452153FQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1460000.00   | 0.10%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST INDS AUTH EDL FACSLEASE REV                                            | OKLAHOMA ST IND 5% 4/1/2027                                               | CUSIP: 67910FAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3770000 | PA      | $3849097.99   | 0.26%             | 2027-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LINCOLN NEB MULTIFAMILY HSG REV                                                    | LINCOLN NEB MUL 3.37% MT                                                  | CUSIP: 534307AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3740000 | PA      | $3764142.07   | 0.26%             | 2048-01-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CVC IMP CRP APR REV                                                     | PHX CVC APT REV 5% 7/1/2026 @                                             | CUSIP: 71883MQJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2430000 | PA      | $2436943.73   | 0.17%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                      | PA EDFA SW 4.6% 10/1/2046 MT @                                            | CUSIP: 708692BZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9115000 | PA      | $9135259.91   | 0.63%             | 2046-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAVEN CT                                                                       | NEW_HAVEN CT 5% 8/1/2027                                                  | CUSIP: 645021CR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $241409.53    | 0.02%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SMHA FIN PUB FAC CORP TEX MULTIFAMILY HSG REV                                      | SAN MARCOS 3.7% MT                                                        | CUSIP: 78454QAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5305000 | PA      | $5347061.75   | 0.37%             | 2028-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HSG FIN AGY COLLATERALIZED REV                                            | OKLAH OK 67886U 3.35% MT                                                  | CUSIP: 67886UAR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3720000 | PA      | $3731699.03   | 0.26%             | 2027-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CA MUN FIN AUTH SOLID WASTE DISP REV WASTE MGMT INC PROJ-SER A            | CUSIP: 13048RAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4007024.80   | 0.28%             | 2039-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                | PORT NY NJ 5% 10/15/2027 @                                                | CUSIP: 73358XRA2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1552120.05   | 0.11%             | 2027-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WADENA MINN REV                                                                    | WADENA MINN REV 5% 12/1/2027                                              | CUSIP: 930256AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $267440.84    | 0.02%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PROSPER TEX INDPT SCH DIST                                                         | PROSPER TX ISD 4% 2/15/2050 MT                                            | CUSIP: 7436002V9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $606989.97    | 0.04%             | 2050-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS SLD WASTE                                                      | PFA WI SD WSTE 1.53% SER A-3 MT@                                          | CUSIP: 74445MAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750000.00    | 0.05%             | 2027-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| UT HSG CORP MULTIFAMILY REV                                                        | UT HSG MF 3.7% MT                                                         | CUSIP: 917434DF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1768955.89   | 0.12%             | 2043-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CALIFORNIA MUN 4.125% MT                                                  | CUSIP: 13048RAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7200000 | PA      | $7240986.72   | 0.50%             | 2041-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MEADE CNTY KY INDL BLDG REV                                                        | KY NUCOR 20B1 V1@                                                         | CUSIP: 583022AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12735000 | PA      | $12735000.00  | 0.88%             | 2060-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMN MULTIFAMILY HSG REV                                    | WA HFC MF 5% MT                                                           | CUSIP: 93978PPU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    808000 | PA      | $809211.43    | 0.06%             | 2043-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HARTFORD NY CENT SCH DIST                                                      | NEW HARTFORD NY CSD 6/25/26 BAN                                           | CUSIP: 644894QB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2904793.99   | 0.20%             | 2026-06-25      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BOX ELDER CNTY UTAH POLLUTION CTL REV                                              | BOX ELDER CNTY UTAH POLLUTION CTL REV VAR-REF-NUCOR CORP PROJ             | CUSIP: 103160AE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1040000.00   | 0.07%             | 2028-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIKER HSG PARTNERS COLO MULTIFAMILY HSG REV                                       | MAIKER HSG PART 4.5% MT                                                   | CUSIP: 56031AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1158000 | PA      | $1158000.00   | 0.08%             | 2042-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DUVAL CNTY FLA SCH BRD CTFS PT                                                     | DUVAL FL SD COP 5% 7/1/2026                                               | CUSIP: 267169GZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1791580.22   | 0.12%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                                                       | OH HI ED COM 1.625% MT                                                    | CUSIP: 67756DVP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $415085.83    | 0.03%             | 2034-12-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY ARIZ INDL DEV AUTH HOSP REV                                          | MARICOPA C 5% 12/1/2027                                                   | CUSIP: 56678PBT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2685000 | PA      | $2780814.23   | 0.19%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIF PUB PWR AUTH SOUTHN TRANSMISSION SYS RENEWALPROJ REV                | SOUTHERN CFA 5% MT                                                        | CUSIP: 842469DL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2535000 | PA      | $2659191.68   | 0.18%             | 2053-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                           | MINNESOTA ST HS 5% 8/1/2026                                               | CUSIP: 60416TTZ1<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    620000 | PA      | $623356.43    | 0.04%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                     | NEW HAMPSHIRE 3.85% 1/1/2027                                              | CUSIP: 64469MQM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $620883.38    | 0.04%             | 2027-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| IOWA STUDENT LN LIQUIDITY CORP                                                     | IOWASTUD LIQUID 5% 12/1/2026 @                                            | CUSIP: 462590NR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $222329.78    | 0.02%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                      | PA EDFA SW 1.75% 8/1/2038 MT @                                            | CUSIP: 708692BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7800000 | PA      | $7810559.64   | 0.54%             | 2038-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | LYNCHBURG VA EDA CENTRA HLTH 2018-XL0075-NUV Q=JPMC BK D7                 | CUSIP: 88034MXT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12140000 | PA      | $12140000.00  | 0.84%             | 2055-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | BRIGHTLINE FL PASSENGER RAIL 2024-XF1704-NUV E-AGM(RC)/RC D7@             | CUSIP: 88035HZ25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18995000 | PA      | $18995000.00  | 1.31%             | 2053-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | CA MSHG MAYER HLYWOOD 2025-XF3435-AMR MZ/MZ D7                            | CUSIP: 88035RBQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3165000 | PA      | $3165000.00   | 0.22%             | 2026-10-06      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CA ST MFA SW 2.80% MT @                                                   | CUSIP: 13048RAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2298453.25   | 0.16%             | 2056-03-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                                                       | OH AIR QUAL 3.20% 5/1/2026                                                | CUSIP: 677525WY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3525000 | PA      | $3525000.00   | 0.24%             | 2026-05-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                      | LA CA AIRPT 5% 5/15/2027 @                                                | CUSIP: 5444452G3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8590000 | PA      | $8790579.94   | 0.61%             | 2027-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLORADO EDL and CULTURAL FAC AUTH REV                                             | CO MESIVTA GRTR LA 04 L=DB V7                                             | CUSIP: 196458YZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $435000.00    | 0.03%             | 2029-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                   | MISSION TX EDC 5/1/50 MT@                                                 | CUSIP: 605155BQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 0.10%             | 2050-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | LA HSG CORP REV 2025-XF3347-AMR MZ/MZ D7                                  | CUSIP: 88035MS55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6400000 | PA      | $6400000.00   | 0.44%             | 2042-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 11/1/2027                                                        | CUSIP: 452152P96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $556888.12    | 0.04%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAVEN CT                                                                       | NEW_HAVEN CT 5% 8/1/2027                                                  | CUSIP: 645021DK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1859367.03   | 0.13%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA WTR and SWR AU                                                   | DC W and S 3% MT                                                          | CUSIP: 254845TJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $897825.96    | 0.06%             | 2057-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT PORTLAND OR ARPT REV                                                          | PORTLND OR ARPT 5% 7/1/2028 @                                             | CUSIP: 7352402A0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2613326.75   | 0.18%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METRO NASHVLL ARPT TN                                                              | MET NASH AIR TN 5% 7/1/2027 @                                             | CUSIP: 592190QG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $997190.71    | 0.07%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HSG FIN AGY COLLATERALIZED REV                                            | OKLAH OK 3.2% MT                                                          | CUSIP: 67886UAS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000460.30   | 0.07%             | 2042-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                | PORT SEATTLE 5% 5/1/2026 @                                                | CUSIP: 735389F45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3225000 | PA      | $3225000.00   | 0.22%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                      | PA EDFA SW 1.20% MT                                                       | CUSIP: 708692BM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1799174.88   | 0.12%             | 2049-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | AL SE ENERGY G=MO 2022-XG0410-NUV Q=MO D7                                 | CUSIP: 88035DL94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21400000 | PA      | $21400000.00  | 1.47%             | 2053-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                      | SC CONWAY HOSP BC22-019 BC/BC DR42                                        | CUSIP: 76252PTY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2700000.00   | 0.19%             | 2047-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5% 8/1/2027                                                | CUSIP: 09182TFA0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1086064.10   | 0.07%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                      | PALM BEACH FL HLTH BC23-003 BC/BC DR42                                    | CUSIP: 76252PYQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6570000 | PA      | $6570000.00   | 0.45%             | 2054-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                    | CONN ST HEALTH 5% 7/1/2027                                                | CUSIP: 20775DYD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2666416.48   | 0.18%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH SWR SYS REV                                                       | HAMILTON OH SWR 5% 12/1/2027                                              | CUSIP: 407288H44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $482327.81    | 0.03%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SANTA FE CNTY N MEX MULTIFAMILY REV                                                | SANTA NM 3.29% 12/10/2049 MT                                              | CUSIP: 80189NAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5585000 | PA      | $5601249.56   | 0.39%             | 2049-12-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP MLTFMY RV                                                     | FL HFC MF 3.8% 6/1/2042 MT                                                | CUSIP: 34073JVE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1390567.68   | 0.10%             | 2042-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 12/1/2052 MT                                           | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1832806.45   | 0.13%             | 2052-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BOARD                                                      | N ORLEANS AVIAT 5% 1/1/2028@                                              | CUSIP: 64763HLZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4255000 | PA      | $4394526.13   | 0.30%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5.50% 6/1/2027                                             | CUSIP: 09182TCV7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    140000 | PA      | $142996.60    | 0.01%             | 2027-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NJ ST HSG and MTG FIN AGY MFR                                                      | NJ ST HMFA MF1 2.85% 11/1/2026                                            | CUSIP: 6461087L8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3995000 | PA      | $3994169.84   | 0.27%             | 2026-11-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BLYTHEVILLE AR INDL DEV REV                                                        | AR NUCOR 98 V7@                                                           | CUSIP: 096490BV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1900000.00   | 0.13%             | 2028-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MILWAUKEE CNTY WI ARPT REV                                                         | MILWAUKEE WI AR 5% 12/1/2026 @                                            | CUSIP: 602248LR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $293227.58    | 0.02%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                         | SLT LAKE U 5% 7/1/2027 @                                                  | CUSIP: 795576LJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $352852.10    | 0.02%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA INS ASSISTANCE INTERLOCAL AGY FLA INS ASSMT REV                            | FL INSURANCE 2023 A2 Q=FL V7                                              | CUSIP: 34074EAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22960000 | PA      | $22960000.00  | 1.58%             | 2032-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY ARIZ INDL DEV AUTH HOSP REV                                          | MARICOPA C 5% 12/1/2026                                                   | CUSIP: 56678PBS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3345000 | PA      | $3387869.85   | 0.23%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ST JAMES PARISH LA REV                                                             | LA NUCOR 10A1 V7                                                          | CUSIP: 790103AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  35825000 | PA      | $35825000.00  | 2.47%             | 2040-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H SOLID WASTE DISP REV                                         | NATIONAL FN AT 4.25% MT@                                                  | CUSIP: 63608RAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10800000 | PA      | $10867521.60  | 0.75%             | 2027-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BARTOW CNTY GA DEV AUTH SOLIDWASTE DISP FAC REV                                    | GA PWR - SOUTHERN CO 22-2 V1@                                             | CUSIP: 06964KAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100000.00   | 0.08%             | 2062-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5.25% 6/1/2026                                             | CUSIP: 09182TBZ9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    445000 | PA      | $445664.52    | 0.03%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PASCO CNTY FL SCH BRD COP                                                          | PASCO FL SB COP 5% 8/1/2026                                               | CUSIP: 702528MY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $381993.78    | 0.03%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | CA MFH BELMONT STA 2025-MIZ9232 MZ/MZ D35@                                | CUSIP: 60700HN70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5070000 | PA      | $5070000.00   | 0.35%             | 2028-10-08      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                | PORT SEATTLE 5% 10/1/2027 @                                               | CUSIP: 735389XF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $365336.60    | 0.03%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE(MO) 5.25% 6/1/29MT 53                                      | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   8040000 | PA      | $8423607.70   | 0.58%             | 2053-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HEALTH FACS AUTH REV                                                | ORANGE CNTY FL 0% 11/15/2052                                              | CUSIP: 68450LGT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1057059.82   | 0.07%             | 2052-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                     | PRT ARTHR TX MTVA10E Q=SELF V7                                            | CUSIP: 735220AW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  28825000 | PA      | $28825000.00  | 1.98%             | 2040-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PCF SOLID WST DISP                                                      | CAL PCR SWDR 3.125% 11/1/2040 AMT                                         | CUSIP: 130536QW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1052223.06   | 0.07%             | 2040-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                | ILLINOIS FN RV 5% 1/1/2028                                                | CUSIP: 45204FG41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1155422.98   | 0.08%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5% 7/1/2027                                                | CUSIP: 09182THC4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    350000 | PA      | $356047.86    | 0.02%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                      | LA CA AIRPT 5% 5/15/2026 @                                                | CUSIP: 544445XP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1311074.07   | 0.09%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH SOLD WASTE DISP FACS REV                           | WV NUCOR 25A-1 V7@                                                        | CUSIP: 95648VBZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6000000.00   | 0.41%             | 2065-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | IL ST 5% 2/1/27                                                           | CUSIP: 452152G88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6400000 | PA      | $6500383.36   | 0.45%             | 2027-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                    | PA ST 5% 9/1/2026                                                         | CUSIP: 70914P2V3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4640000 | PA      | $4675698.77   | 0.32%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HEALTH and ED FACSAUTH REV MEMORIAL HOSP                             | NEW HAMPSHIRE H 5.50% 11/1/2026 @                                         | CUSIP: 64461XHV0<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    110000 | PA      | $111184.65    | 0.01%             | 2026-11-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ROCKPORT IND POLLUTION CTL REV                                                     | ROCKPORT IN PCR 3.7% 6/1/2047 MT                                          | CUSIP: 773835BY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5470000 | PA      | $5576063.30   | 0.38%             | 2047-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DALLAS TX                                                                          | DALLAS TX 5% 2/15/2027                                                    | CUSIP: 235219WA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5450000 | PA      | $5551189.06   | 0.38%             | 2027-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | CHICAGO OHARE 2023 XF1457 D1 @                                            | CUSIP: 88035E5E9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1175000.00   | 0.08%             | 2055-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TAMPA FL TAX ALLOC                                                                 | TAMPA FL TAX 5.25% 9/1/2027                                               | CUSIP: 875146AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007853.90   | 0.07%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PTY and BLDGS COMMN                                                    | KY ST PROP 5% 4/1/2027                                                    | CUSIP: 49151F4N7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2378245.91   | 0.16%             | 2027-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VERMONT ST STUD ASSIT CORP                                                         | VT STUD LN 5% 6/15/2026 @                                                 | CUSIP: 92428CKH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $621188.79    | 0.04%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SALT VERDE FINL CORP GAS REV AZ                                                    | SALT VERDE FINL CORP GAS REV ARIZ                                         | CUSIP: 79575EAM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2425901.52   | 0.17%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                                                       | OH HI ED COM 5% 5/1/2026                                                  | CUSIP: 67756DVT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 0.03%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                     | MTRO WA DC ARPT 5% 10/1/2028 @                                            | CUSIP: 592647NK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1310437.13   | 0.09%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RESIDENTIA L MTG REV                                           | OH HFA RES MTG 5% 9/1/2026                                                | CUSIP: 67756Q5V5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $120853.60    | 0.01%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                    | CONN ST HEALTH 2.95% MT                                                   | CUSIP: 20775DXK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1805925.60   | 0.12%             | 2049-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CA ST MFA SW 3.375% 9/1/2050 @                                            | CUSIP: 13048RAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2007483.27   | 0.14%             | 2050-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                         | CHICAGO MIDWAY 5% 1/1/2027 @                                              | CUSIP: 167562RR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $370241.29    | 0.03%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                            | NYS HFA 3.8% MT                                                           | CUSIP: 64987JP54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $675172.73    | 0.05%             | 2063-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                     | MTRO WA DC ARPT 5% 10/1/2026 @                                            | CUSIP: 592647MJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1784922.34   | 0.12%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH MULTIFAMILY HSG REV                                       | ARIZONA ST INDL 5% MT                                                     | CUSIP: 04062PCA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1082000 | PA      | $1089049.34   | 0.07%             | 2045-03-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ALASKA ST                                                                          | AK ST 5% 8/1/2026                                                         | CUSIP: 0117706B5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $895052.09    | 0.06%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TPK AUTH TPK REV                                                     | NJ TPK 5% 1/1/2027                                                        | CUSIP: 646140FM0<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6092153.40   | 0.42%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                      | MD HLTH INTEGRACE BC22-024 BC/BC DR42                                     | CUSIP: 76252PUP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6015000 | PA      | $6015000.00   | 0.41%             | 2049-11-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST INDS AUTH EDL FACSLEASE REV                                            | OKLAHOMA ST IND 5% 4/1/2028                                               | CUSIP: 67910FAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $912638.74    | 0.06%             | 2028-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOM DEV AUTH REV                                                     | NJ EDA REV 5.25% 9/1/26                                                   | CUSIP: 64577B6K5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1068101.58   | 0.07%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                    | CONN ST HEALTH 5% 7/1/2026                                                | CUSIP: 20775DYC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2735000 | PA      | $2744665.49   | 0.19%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                        | STATE OF ILLINO 5% 3/1/2027                                               | CUSIP: 452153AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $300260.56    | 0.02%             | 2027-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HSG and EDA HSG REV                                                      | WI HSG EDA 3.875% MT                                                      | CUSIP: 9769044P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $265125.05    | 0.02%             | 2054-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                      | PA EDFA SW 2.15% MT@                                                      | CUSIP: 708692BF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4242349.02   | 0.29%             | 2041-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RESIDENTIA L MTG REV                                           | OH HFA RES MTG 5% 3/1/2027                                                | CUSIP: 67756Q5W3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $76373.66     | 0.01%             | 2027-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                   | MISSION TX EDC 4.25% 6/1/2048 MT @                                        | CUSIP: 605155BU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2571869.06   | 0.18%             | 2048-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 12/1/2026                                              | CUSIP: 56035DJM5<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252297.00    | 0.02%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                      | PA EDFA SW SIFMA+40 MT @                                                  | CUSIP: 708692BT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7600000 | PA      | $7604379.12   | 0.52%             | 2041-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL PORT EVERGLADES                                                    | BROWARD FL PORT 5% 9/1/2027 @                                             | CUSIP: 11506KGJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $747115.58    | 0.05%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                      | NY HSG 42ND and 10TH BC22-003 BC/BC DR42                                  | CUSIP: 76252PRU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3100000.00   | 0.21%             | 2041-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                         | CHICAGO MIDWAY 5% 1/1/2028 @                                              | CUSIP: 167562TR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035105.50   | 0.07%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| STANTON CNTY NE INDL DEV REV                                                       | NE NUCOR 96 V7@                                                           | CUSIP: 854743AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2400000.00   | 0.17%             | 2026-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NY PAYROLL MOBILITY TX                                                             | TRIBOROUGH BRID 2% MT                                                     | CUSIP: 89602HAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $364889.00    | 0.03%             | 2045-05-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH SOLD WASTE DISP FACS REV                           | WV EDA SLD WAST 3.7% MT                                                   | CUSIP: 95648VBW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4395000 | PA      | $4476392.32   | 0.31%             | 2042-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ POLLUTION CTL                                                     | MARICOPA AZ PUB SVC 09E V7                                                | CUSIP: 566854ET8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13600000 | PA      | $13600000.00  | 0.94%             | 2029-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CHESAPEAKE VA ECONOMIC DEV AUTH POLLUTION CTL REV                                  | CHESAPEAKE VA E 3.65% MT                                                  | CUSIP: 16532YAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1210176.24   | 0.08%             | 2032-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                  | SOUTHEAST EN AL 5% 7/1/2027                                               | CUSIP: 84136HBF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $756704.78    | 0.05%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                      | NYS HFA 42ND and 10TH BC22-007 L=BC/BC DR42@                              | CUSIP: 76252PSF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16010000 | PA      | $16010000.00  | 1.10%             | 2041-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                | PORT SEATTLE 5% 8/1/2026                                                  | CUSIP: 735389T81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $577770.06    | 0.04%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | KANSAS CITY MO ARPT 2023-XM1108-MST AGM/JPMC BK D1@                       | CUSIP: 88035FZG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2310000.00   | 0.16%             | 2057-03-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                         | BURKE GA PCR 3.375% MT                                                    | CUSIP: 121342QL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $610981.06    | 0.04%             | 2053-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | CHICAGO IL OHARE ARPT 2022-XM1078-MST AGM/JPMC BK D7@                     | CUSIP: 88035ENZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7300000 | PA      | $7300000.00   | 0.50%             | 2053-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ALASKA ST                                                                          | AK ST 5% 8/1/2027                                                         | CUSIP: 0117706C3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $715603.14    | 0.05%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 3/1/2027                                               | CUSIP: 56035DGY2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    400000 | PA      | $405860.00    | 0.03%             | 2027-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TEXARKANA TEX INDPT SCH DIST                                                       | TEXAR TX 4% 2/15/2053 MT                                                  | CUSIP: 881847VM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4212719.28   | 0.29%             | 2053-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REV                                                                   | OHIO ST HOSP RE 2.75% 1/1/2052 MT                                         | CUSIP: 67756CFW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3335000 | PA      | $3317683.68   | 0.23%             | 2052-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                | NJ STUD LOAN 5% 12/1/2027@                                                | CUSIP: 646080XU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3085000 | PA      | $3175556.16   | 0.22%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                | NJ STUD LOAN 5% 12/1/2027 @                                               | CUSIP: 646080XM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1158022.91   | 0.08%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                           | WISCONSIN ST H 5% 8/1/2027                                                | CUSIP: 97712JHF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2445000 | PA      | $2451375.09   | 0.17%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                     | NEW HAMPSHIRE 3.80% 7/1/2026                                              | CUSIP: 64469MQL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $390212.04    | 0.03%             | 2026-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                     | SC PUB SVC 5% 12/1/2028                                                   | CUSIP: 8371515Z8<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    410000 | PA      | $433627.11    | 0.03%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                   | NYC NY 5% 8/1/2026                                                        | CUSIP: 64966SKC9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10055981.00  | 0.69%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | DENVER CO ARPT 2018-XM0715-MST Q=MO D7                                    | CUSIP: 88034NE34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7470000 | PA      | $7470000.00   | 0.51%             | 2043-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 9/1/2027                                               | CUSIP: 56035DGJ5<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    355000 | PA      | $362879.26    | 0.02%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                      | NM HAVERLAND CARTER BC22-034 BC/BC D42                                    | CUSIP: 76252PWP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1330000.00   | 0.09%             | 2042-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                  | SOUTHEAST EN AL 5% 10/1/2029                                              | CUSIP: 84136HCS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1945000 | PA      | $2053215.91   | 0.14%             | 2029-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CA ST MFA SW 2% 12/1/2044 AMT                                             | CUSIP: 13048RAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8200000 | PA      | $8219821.86   | 0.57%             | 2044-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BELLEVILLE NJ TAN                                                                  | BELLEVILLE TWP ESSEX CNTY NJ 7/7/26 BAN                                   | CUSIP: 079098GJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16300000 | PA      | $16321719.75  | 1.12%             | 2026-07-07      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WICHITA KANS SALES TAX SPL OBLIG REV                                               | WICHITA KS SALES TAX 26A 9/1/26                                           | CUSIP: 967323AW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $830004.98    | 0.06%             | 2026-09-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| TEXAS ST AFFORDABLE HSG CORP MULTIFAMILY HSG REV                                   | TX AHC MF 3.625% MT                                                       | CUSIP: 88271FFR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $787938.41    | 0.05%             | 2045-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ARGYLE TX INDPT SCH DIST                                                           | ARGYLE TX ISD 4% MT                                                       | CUSIP: 040319X34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4350000 | PA      | $4446510.41   | 0.31%             | 2057-08-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| Fidelity Revere Street Trust                                                       | Fidelity Municipal Cash Central Fund                                      | CUSIP: 31635A204<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  29851047 | NS      | $29857017.29  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| OKLAHOMA CO OK IDS 89 OKLA CTY                                                     | OKLAHOMA CTY OK 3% 7/1/2026                                               | CUSIP: 678841LL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4095000 | PA      | $4095945.13   | 0.28%             | 2026-07-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                                                                    | PHILA PA 5% 8/1/2026                                                      | CUSIP: 717813B99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3310000 | PA      | $3327784.96   | 0.23%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                      | PA EDFA SW 4% MT@                                                         | CUSIP: 708692BL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7996332.80   | 0.55%             | 2034-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | NH NATL FIN AUTH UNIV HOSP HOME CARE 2024-MS0023 MO DT                    | CUSIP: 88035HM37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6000000.00   | 0.41%             | 2030-12-15      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                | NJ STUD LOAN SER B 5% 12/1/2026@                                          | CUSIP: 646080TT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $369267.98    | 0.03%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MILWAUKEE WI                                                                       | MILWAUKEE 2% 3/1/2027                                                     | CUSIP: 602366VT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1113909.19   | 0.08%             | 2027-03-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | MIAMI-DADE CNTY FL MFH SUPERIOR MANOR APTS 2022-MIZ9087 MZ/MZ D35         | CUSIP: 60700HKP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $585000.00    | 0.04%             | 2061-11-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| YORK CNTY VA ECONOMIC DEV AUTH POLLUTN CTL REV                                     | YORK VA EDA 3.65% MT                                                      | CUSIP: 98659AAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1411872.28   | 0.10%             | 2033-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TEXAS STATE                                                                        | TX ST 5.50% 8/1/2026 @                                                    | CUSIP: 8827235Z8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $372387.91    | 0.03%             | 2026-08-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                | MIAMI-DADE MFH MT 4/1/2041                                                | CUSIP: 593344BU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1900648.66   | 0.13%             | 2041-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA HIGHER ED and HEALTH AUTH REV                                   | PA THO JFFRSN U 18D RFLOAT V7                                             | CUSIP: 613603ZL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11220000 | PA      | $11220000.00  | 0.77%             | 2050-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H SOLID WASTE DISP REV                                         | NATIONAL FN AT 2.15% MT@                                                  | CUSIP: 63608RAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4202083.62   | 0.29%             | 2033-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                      | GA MEAG 5% 1/1/2028                                                       | CUSIP: 626207Q49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2127801.39   | 0.15%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | AZ MFH SAFFORD PRJ 2023-XF3174-AMR MZ/MZ D7                               | CUSIP: 88035GT24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9350000 | PA      | $9350000.00   | 0.64%             | 2041-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | AL SE ENERGY G=MO 2022-XM1062-ALL Q=MO D7                                 | CUSIP: 88035DX26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12900000 | PA      | $12900000.00  | 0.89%             | 2053-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OGDENSBURG NY ENLRG CTY SCH DS                                                     | OGDENSBURG NY ENLRG CSD 7/22/26 BAN                                       | CUSIP: 676490GC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3908920.47   | 0.27%             | 2026-07-22      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                            | WA ST HLTH CAR 5% 8/15/2029                                               | CUSIP: 93978HB79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9770000 | PA      | $10354829.27  | 0.71%             | 2029-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FIN CORP NJ                                                     | NJ TOBACCO 5% 06/01/27                                                    | CUSIP: 888808HC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1145795.95   | 0.08%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI BUSINESS FIN CORPMISS SOLID WASTE DISP FAC and WASTEWATER FAC REV      | MS PWR - SOUTHERN CO 22-1 V1@                                             | CUSIP: 60528EAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.07%             | 2052-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH MULTIFAMILY HSG REV                                          | ILLINOIS HDA MU 3.15% 2/1/2029 MT                                         | CUSIP: 45203LFC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4650000 | PA      | $4657304.22   | 0.32%             | 2029-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO EDL ASSISTNCE FNDTN                                                     | NM ED ASSIST FN 5% 9/1/2027 @                                             | CUSIP: 647110FR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $81326.88     | 0.01%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                     | PORT ARTHUR NAV DIST TX ENVIR VAR-REF-MOTIVA ENTERPRISES PJ ***AMT***     | CUSIP: 735220AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  33600000 | PA      | $33600000.00  | 2.31%             | 2027-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| AUSTIN TEX AIRPORT SYS                                                             | AUSTIN TX ARPT 5% 11/15/2029 @                                            | CUSIP: 052398KU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $595258.16    | 0.04%             | 2029-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UTAH CNTY UTAH HOSP REV                                                            | UT CNTY UT HOSP 5% MT                                                     | CUSIP: 917393DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $904122.99    | 0.06%             | 2060-05-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| RAILSPLITTER TOB SETTLEMENT AUTH ILL TOB SETTLEMENT REV                            | RAILSPLITTER IL 5% 6/1/26                                                 | CUSIP: 75076PAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $365691.16    | 0.03%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE TX INDPT SCH DIST                                                        | NTHSIDE TX ISD 3.45% G=PSF 8/1/2054 MT                                    | CUSIP: 66702RK92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4670000 | PA      | $4696323.86   | 0.32%             | 2054-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CO FL IDA SLD WASTE DISP REV                                            | MIAMI-DADE SLW 2.125% 11/1/2041 @                                         | CUSIP: 59333GAL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $4750238.45   | 0.33%             | 2041-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NORTHERN MUN PWR AGY MN ELEC                                                       | N MUNI PWR 5% 1/1/2028                                                    | CUSIP: 665444LW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034608.90   | 0.07%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND PWR AUTH NY ELEC                                                       | LIPA NY 9/1/2055 MT                                                       | CUSIP: 542691LD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3702331.37   | 0.25%             | 2055-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | OK MFH DUNCAN PL 2022-MIZ9103 MZ/MZ D35                                   | CUSIP: 60700HNB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    942957 | PA      | $942957.00    | 0.06%             | 2062-08-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                     | PRT ARTHR TX MTVA10D Q=SELF V7                                            | CUSIP: 735220AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11900000 | PA      | $11900000.00  | 0.82%             | 2040-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ST CLAIR CNTY ILL CMNTY UNIT SCH DIST NO 187 CAHOKIA                               | ST CLAIR CNTY L 5% 1/1/2027                                               | CUSIP: 788550LV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $152024.27    | 0.01%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE TX INDPT SCH DIST                                                        | NTHSIDE TX ISD 3% MT                                                      | CUSIP: 66702RH54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3385000 | PA      | $3383680.19   | 0.23%             | 2053-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | BUFORD GA MF HSG AUTH 2023-XF3118-AMR MZ/MZ D7                            | CUSIP: 88035FN48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1064857 | PA      | $1064857.00   | 0.07%             | 2041-03-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY IL UNIV REV                                                             | UNIV IL 5% 10/1/2027                                                      | CUSIP: 9143536X0<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |    145000 | PA      | $149864.82    | 0.01%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL ED FACS FIN CORP HOSP REV                                 | TARRANT EFFC HO 5% MT                                                     | CUSIP: 87638QSF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2545000 | PA      | $2548095.86   | 0.18%             | 2052-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                      | LA CA AIRPT 5% 5/15/2028 @                                                | CUSIP: 5444452H1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3485000 | PA      | $3636055.23   | 0.25%             | 2028-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DECATUR GA HSG AUTH MULTIFAMILY HSG REV                                            | DECATUR GA HSG 3.25% 9/1/2028 MT                                          | CUSIP: 24311PAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2253711.38   | 0.16%             | 2028-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HOLYOKE MA                                                                         | HOLYOKE MA 4% 10/23/2026                                                  | CUSIP: 436705GY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4927237.63   | 0.34%             | 2026-10-23      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HALIFAX CNTY VA INDL DEV AUTH POLLUTION CTL REV VRDO IAM COML PAPER 3/A2 SER 1992  | HALIFAX CNTY VA 3.8% MT                                                   | CUSIP: 40579PAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1028192.74   | 0.07%             | 2041-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OK CNTY OKLA FIN AUTH EDL FACS LEASE REV                                           | OKLAHOMA COUNTY 5% 10/1/2026                                              | CUSIP: 67868UHZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $126079.90    | 0.01%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                         | DETROIT MI 5% 5/1/2028                                                    | CUSIP: 2510936J4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $697542.37    | 0.05%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                      | LA CA AIRPT 5% 5/15/2026 @                                                | CUSIP: 544445W54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $295241.87    | 0.02%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | BLACK BELT AL ENERGY 2022-ZL0396-BLK Q=MO D7                              | CUSIP: 88035EQD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1605000.00   | 0.11%             | 2053-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5% 7/1/2029                                                | CUSIP: 09182THE0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    255000 | PA      | $265323.80    | 0.02%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REV                                                                | ATLANTA GA ARPT 5% 7/1/2029 @                                             | CUSIP: 04780M2K4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2545000 | PA      | $2702772.19   | 0.19%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE and DAVIDSON CNTY TENN H and E FACS BRD REV                     | MET GOVT TN H and E 5% 7/1/2029                                           | CUSIP: 592041A49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7785000 | PA      | $8272225.00   | 0.57%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO PLANNED INDL EXPANSION AUTH MULTIFAMILY HSG REV                     | KANSAS CITY MSR 5% MT                                                     | CUSIP: 48507MAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    877000 | PA      | $888315.40    | 0.06%             | 2045-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                             | MAIN STR NAT GA 5% 3/1/2027                                               | CUSIP: 56035DGH9<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    400000 | PA      | $405860.00    | 0.03%             | 2027-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PCF SOLID WST DISP                                                      | CAL PCR SWDR 4.25% 7/1/2043 MT @                                          | CUSIP: 130536RN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3694184.71   | 0.25%             | 2043-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| COON RAPIDS MINN                                                                   | COON MN 2% 4/1/2027                                                       | CUSIP: 21657APJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $988817.30    | 0.07%             | 2027-04-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | NY MTA TRANSP 2022-XF1321-LA Q=JPMC BK D7                                 | CUSIP: 88035AUM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1860000 | PA      | $1860000.00   | 0.13%             | 2055-11-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| UTICA MI CMNTY SCHS                                                                | UTICA MI CSD 5% 5/1/2026                                                  | CUSIP: 917661Z78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.21%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | WA MFH AVENTINE APTS 2024-XF3227-AMR MZ/MZ D7                             | CUSIP: 88035JAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.21%             | 2054-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HOSP FIN AUTH RE                                                       | MICHIGAN ST HO 5% 11/15/2029                                              | CUSIP: 59465HYA8<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   5195000 | PA      | $5532352.91   | 0.38%             | 2029-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BOARD                                                      | N ORLEANS AVIAT 5% 1/1/2027@                                              | CUSIP: 64763HLY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2260000 | PA      | $2288847.77   | 0.16%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ POLLUTION CTL                                                     | MARICOPA AZ PUB SVC 09D V7                                                | CUSIP: 566854ES0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17300000 | PA      | $17300000.00  | 1.19%             | 2029-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CAPITAL AREA HSG FIN CORP TEX MULTI FAMILY HSG REV                                 | CAP AREA HFC TX 3.125% MT                                                 | CUSIP: 139726CZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2855000 | PA      | $2861763.21   | 0.20%             | 2029-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEWARK NJ                                                                          | NEWARK CITY ESSEX CNTY NJ 25B 5/7/26 BAN                                  | CUSIP: 650367TD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7501451.25   | 0.52%             | 2026-05-07      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NJ HLTH CARE FACS FING AUTH DEPT HUMAN SVCS LEASE                                  | NJ HLTH CARE FA 5% 9/15/2027                                              | CUSIP: 64579XEN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $591862.68    | 0.04%             | 2027-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SEATTLE WASH HSG AUTH REV                                                          | SEATTLE WA HSG 5% 6/1/2027                                                | CUSIP: 812636PA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $442681.54    | 0.03%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                   | NEW JERSEY ECN 5% 6/15/2026                                               | CUSIP: 64577XET9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1323225.02   | 0.09%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AUSTIN TEX AIRPORT SYS                                                             | AUSTIN TX ARPT 5% 11/15/2027 @                                            | CUSIP: 052398KS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $473676.03    | 0.03%             | 2027-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INLIVIAN N C MULTIFAMILY REV                                                       | INLIVIAN N C MU 11/1/2058 MT                                              | CUSIP: 45753CAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4550000 | PA      | $4584447.14   | 0.32%             | 2058-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ST LAWRENCE CNTY N Y INDL DEV AGY CIVIC DEV CORP REV                               | ST LAWRENCE CNT 5% 7/1/2026                                               | CUSIP: 791078ED6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $145463.38    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TRIMBLE CNTY KY ENVIRONMENTAL FACS REV                                             | TRIMBLE CNTY KY 0% 6/1/2054 @                                             | CUSIP: 896221AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4740000 | PA      | $4762342.46   | 0.33%             | 2054-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 5% 6/1/2026                                                | CUSIP: 09182TBH9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    795000 | PA      | $796085.18    | 0.05%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HSG FIN AGY LTD OBLIG MULTIFAMILY HSG REV                               | CA HFA 2026T 2.9% MT                                                      | CUSIP: 13034DCC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9428000 | PA      | $9415869.94   | 0.65%             | 2056-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BONDSVILLE MASS FIRE and WTR DIST                                                  | BONDS MA 098010 4.875% 11/20/2026                                         | CUSIP: 098010AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1815924.06   | 0.12%             | 2026-11-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HUDSON MA                                                                          | HUDSON TWN MA 6/11/26 BAN                                                 | CUSIP: 443852XA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2502685.50   | 0.17%             | 2026-06-11      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                     | NEW HAMPSHIRE 3.70% 1/1/2027                                              | CUSIP: 64469MRL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $675795.42    | 0.05%             | 2027-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH HOSP REV                                            | WV UNIV HLTH 18E RFLOAT V7                                                | CUSIP: 956622P32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2480000 | PA      | $2480000.00   | 0.17%             | 2033-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| EL PASO TEX                                                                        | EL PASO TX 5% 8/15/2026                                                   | CUSIP: 283735AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1404049.78   | 0.10%             | 2026-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC and GAS REV                                                    | CPS SOFT PUTS 7% STEP UP RATE A 672,455 3% 12/1/29                        | CUSIP: 79625GNT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6800000 | PA      | $6760634.80   | 0.47%             | 2055-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HO and HO KUS NJ                                                                   | HO-HO-KUS NJ 4% 4/30/2027                                                 | CUSIP: 433686EZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2723706.81   | 0.19%             | 2027-04-30      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HEALTH FACS AUTH REV                                                | ORANGE CNTY FL 5% 10/1/2026                                               | CUSIP: 68450LGA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2730000 | PA      | $2753698.86   | 0.19%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH SWR SYS REV                                                       | HAMILTON OH SWR 5% 12/1/2026                                              | CUSIP: 407288H36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $709379.16    | 0.05%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | FL GT ORLANDO ARPT 2022-XM1093-ALL Q=JPMC BK D1@                          | CUSIP: 88035EZM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4745000 | PA      | $4745000.00   | 0.33%             | 2036-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP SOLID WASTE DISP REV                                          | FLORIDA DEV FIN 3.40% 9/1/2050 @                                          | CUSIP: 34061XAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1415571.05   | 0.10%             | 2050-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                      | GT ORLANDO ARPT 5% 10/1/2028 @                                            | CUSIP: 392275EQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $366504.95    | 0.03%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AUSTIN TEX AIRPORT SYS                                                             | AUSTIN TX ARPT 5% 11/15/2028 @                                            | CUSIP: 052398KT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $765543.48    | 0.05%             | 2028-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC and GAS REV                                                    | SAN ANTONIO E and G 3.08% MT                                              | CUSIP: 79625GNE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6275000 | PA      | $6269412.74   | 0.43%             | 2055-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SHAWNEE CNTY KS MF HSG REVENUE                                                     | COUNTY OF SHAWNEE KS 3.75% 5/1/2059 MT                                    | CUSIP: 82056AAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3220935.04   | 0.22%             | 2059-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA MULTIFAMILY REV                                                     | LOS ANGELES MFR 2.85% 5/1/2060                                            | CUSIP: 544582YA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2863000 | PA      | $2854695.30   | 0.20%             | 2060-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                       | CA ST MFA SW 0% 10/1/2045 MT @                                            | CUSIP: 13048RAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5247626.48   | 0.36%             | 2045-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TEXAS MUN GAS ACQUISITION and SUPPLY CORP IV GAS SUPPLY REV                        | TEXAS GAS IV 5.25% 1/1/2027                                               | CUSIP: 88256PAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $470200.93    | 0.03%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL ARPT SYS                                                        | PALM BCH ARPT 5% 10/1/2026 @                                              | CUSIP: 696499FA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1234613.19   | 0.08%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                       | COLORADO HEALTH 5% MT                                                     | CUSIP: 19648FVK7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   3480000 | PA      | $3502195.09   | 0.24%             | 2062-05-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUN PWR REV                                                               | AMERICAN MUN OH 5% 2/15/2027                                              | CUSIP: 02765URN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2820000 | PA      | $2865539.33   | 0.20%             | 2027-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV                            | CALIFORNIA CMY 5% 3/1/2028                                                | CUSIP: 13013JED4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1805000 | PA      | $1857406.55   | 0.13%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAVEN CT                                                                       | NEW_HAVEN CT 5% 8/1/2026                                                  | CUSIP: 645021CQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $256325.06    | 0.02%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                         | BLACK BELT ENE 4% 10/1/2052                                               | CUSIP: 09182TAF4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  13330000 | PA      | $13393106.89  | 0.92%             | 2052-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEVE AUTH IDR                                                     | CHANDLER AZ IDR(INTEL) 5% 9/1/27MT@                                       | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7300000 | PA      | $7390263.77   | 0.51%             | 2052-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ST CLOUD MINN HEALTH CARE RV                                                       | ST CLOUD_MN HLT 5% 5/1/2028                                               | CUSIP: 78916VEY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2940000 | PA      | $3063551.74   | 0.21%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DALLAS FORT WORTH TX INTL ARPT                                                     | DFW ARPT 5% 11/1/2026 @                                                   | CUSIP: 23503CFM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  26175000 | PA      | $26443636.64  | 1.82%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATRIUM HEALTH                                                                      | ATRIUM HEALTH 3.625% MT                                                   | CUSIP: 160853VT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1647556.47   | 0.11%             | 2048-01-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP HEALTHCARE FACS REV                                           | FL HLTHCARE FAC 5% 8/1/2027                                               | CUSIP: 34061QBZ9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027150.00   | 0.07%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                              | BLACK BELT AL ENERGY GAS DIST 2023-XM1110-ALL G=RC Q=RC D7                | CUSIP: 88035FC24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3200000.00   | 0.22%             | 2053-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                                                       | OH AIR QUAL 3.65% 12/1/2027 @                                             | CUSIP: 677525XB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3845000 | PA      | $3860993.66   | 0.27%             | 2027-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                      | IL PLYMOUTH PLACE BC25-002 BC/BC D35                                      | CUSIP: 76252PG45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6800000 | PA      | $6800000.00   | 0.47%             | 2056-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY                                       | UNASSGND LC 567 2.7% MT                                                   | CUSIP: 59465FAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2110000 | PA      | $2087746.89   | 0.14%             | 2043-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                               | SAINT PAUL MN MF HSG PLATO APTS 2023-MIZ9145 MZ/MZ D35                    | CUSIP: 60700HSW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2600000.00   | 0.18%             | 2063-06-01      | Variable      | 0.04%                 | Yes           |                  2 | On Loan: No      |
| PHOENIX ARIZ INDL DEV AUTH SOLID WASTE DISP REV                                    | PHX IDA SW 3.85% 12/1/2035 @                                              | CUSIP: 71884RAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500000.00   | 0.24%             | 2035-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-30

**Name of Applicant:** Laura M. Del Prato

**Signature:** Laura M. Del Prato

**Name of Signer:** Laura M. Del Prato

**Title:** President and Treasurer