# EDGAR Filing Document

**Accession Number:** 0001217286
**File Stem:** 0002071691-25-004194
**Filing Date:** 2025-10
**Character Count:** 266005
**Document Hash:** a0476b813d156f3ebf834857cf84c42c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-004194.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0002071691-25-004194

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JPMorgan Trust I
- **CENTRAL INDEX KEY:** 0001217286

**ORGANIZATION NAME:**
- **EIN:** 331043149
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21295
- **FILM NUMBER:** 251429211

**BUSINESS ADDRESS:**
- **STREET 1:** 277 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10172
- **BUSINESS PHONE:** 800-480-4111

**MAIL ADDRESS:**
- **STREET 1:** 277 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10172

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JP MORGAN MUTUAL FUND SERIES
- **DATE OF NAME CHANGE:** 20030204

## Series and Classes Contracts Data

### JPMorgan National Municipal Income Fund (Series ID: S000002946)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000008063 | Class I      | JITIX           |
| C000008064 | Class A      | JITAX           |
| C000008066 | Class C      | JITCX           |
| C000195047 | Class R6     | JITZX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** JPMorgan Trust I

- **b. Investment Company Act file number:** 811-21295

- **c. CIK number of Registrant:** 0001217286

- **d. LEI of Registrant:** 549300DM5WZMCZZ70R78

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

  - **Street Address 1:** 277 Park Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10172

  - **Telephone number:** 800-480-4111

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

- **a. Name of Series:** JPMorgan National Municipal Income Fund

- **b. EDGAR series identifier (if any):** S000002946

- **c. LEI of Series:** SV3P1Y04RQXW5FQJPM75

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-08-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1925247656.19

**Total Liabilities:** $7621618.60

**Net Assets:** $1917626037.59

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 2578.53977000 | **1-Year:** 68369.66816000 | **5-Year:** 260388.71921000 | **10-Year:** 506321.70020000 | **30-Year:** 142433.66431000

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

- **3-Month:** 263.61068000 | **1-Year:** 1975.50572000 | **5-Year:** 12564.43655000 | **10-Year:** 43629.20592000 | **30-Year:** 94369.71156000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000195047 | 0.66%                | -0.28%               | 0.87%                |
| Class ID C000008064 | 0.72%                | -0.29%               | 0.85%                |
| Class ID C000008063 | 0.66%                | -0.28%               | 0.87%                |
| Class ID C000008066 | 0.58%                | -0.34%               | 0.87%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-928595.40              | $7473802.11                                |
| Month 2  | $-1868164.00             | $-10183711.62                              |
| Month 3  | $-196493.49              | $9804151.50                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Omaha School District                                                           | Douglas County School District No. 001, Omaha Public                                                                                                   | CUSIP: 259291PX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9414072.00   | 0.49%             | 2041-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Johnson & Miami Counties Unified School District No. 230 Spring Hills           | Johnson and Miami Counties Unified School District No. 230 Spring Hills, Series 2018A                                                                  | CUSIP: 478164JU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2965000 | PA      | $2972378.11   | 0.16%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Menlo Park City School District                                                 | Menlo Park City School District, Capital Appreciation                                                                                                  | CUSIP: 586840MQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1184335.04   | 0.06%             | 2037-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Trinity River Authority                                                         | Trinity River Authority of Texas, Livingston Regional Water Supply System Project, Series 2023                                                         | CUSIP: 896560XV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1292615.74   | 0.07%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | City of New York, Fiscal Year 2024, Series 2024D                                                                                                       | CUSIP: 64966SCP9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3105000 | PA      | $3257371.35   | 0.17%             | 2049-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| King & Pierce Counties Valley Regional Fire Authority                           | King and Pierce Counties Valley Regional Fire Authority, Unlimited Tax, Series 2024                                                                    | CUSIP: 92007ABZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1414112.57   | 0.07%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue | Metropolitan Government of Nashville and Davidson County Water and Sewer                                                                               | CUSIP: 5920983G0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1085832.00   | 0.06%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                            | Chicago Midway International Airport, Senior Lien, Series 2023A                                                                                        | CUSIP: 167562RU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1564559.61   | 0.08%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                         | Municipal Electric Authority of Georgia, Plant Vogtle Units 3 and 4 Project, Series 2019A                                                              | CUSIP: 62620HDH2<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989003.40    | 0.05%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | New Jersey Economic Development Authority, Transit Transportation Project, Series 2020A                                                                | CUSIP: 64577XBB1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3064285.90   | 0.16%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | New York State Dormitory Authority, White Plains Hospital                                                                                              | CUSIP: 65000B7Y8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020052.40   | 0.05%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Denison Independent School District                                             | Denison Independent School District, Unlimited Tax, Series 2023                                                                                        | CUSIP: 248415ZF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2865000 | PA      | $2569767.19   | 0.13%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                    | New York City Transitional Finance Authority, Future Tax Secured, Subordinate, Fiscal Year 2025, Series 2025E                                          | CUSIP: 64972JPQ5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3033015.90   | 0.16%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                   | Main Street Natural Gas, Inc., Gas Supply, Series 2024A                                                                                                | CUSIP: 56035DGT3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   8690000 | PA      | $9281032.10   | 0.48%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | Commonwealth of Pennsylvania, Series 2024B                                                                                                             | CUSIP: 70914P4F6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1870000 | PA      | $1759221.76   | 0.09%             | 2041-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri              | Health and Educational Facilities Authority of the State of Missouri, Wright Memorial Hospital                                                         | CUSIP: 60637AQX3<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1395537.26   | 0.07%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Lasell Village, Inc. Issue                                                                                   | CUSIP: 57585BJJ8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063842.30   | 0.06%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mansfield Independent School District                                           | Mansfield Independent School District, Unlimited Tax                                                                                                   | CUSIP: 564386VJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1540282.65   | 0.08%             | 2044-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | City of New York, Fiscal Year 2018, Series 2018B-1                                                                                                     | CUSIP: 64966MRD3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   6450000 | PA      | $5911518.53   | 0.31%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | State of Illinois, Series 2022B                                                                                                                        | CUSIP: 452153EC9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11070196.00  | 0.58%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                    | New York City Transitional Finance Authority Future Tax Secured, Series 2025, Subseries G-1                                                            | CUSIP: 64972JJF6<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3019820.10   | 0.16%             | 2052-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                          | Illinois Housing Development Authority, Series 2024E                                                                                                   | CUSIP: 45203MB83<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   3235000 | PA      | $3565538.71   | 0.19%             | 2055-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                | Port of Greater Cincinnati Development Authority, Duke Energy Convention Center Project, Series 2024B                                                  | CUSIP: 734195DZ0<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023014.70   | 0.05%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                   | Main Street Natural Gas, Inc., Gas Supply, Series 2023B                                                                                                | CUSIP: 56035DFC1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   9430000 | PA      | $9986311.53   | 0.52%             | 2030-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Buncombe NC                                                           | County of Buncombe, Limited Tax                                                                                                                        | CUSIP: 120525KE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $852861.90    | 0.04%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | Triborough Bridge and Tunnel Authority, MTA Bridges and Tunnels                                                                                        | CUSIP: 89602RMX0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2539858.95   | 0.13%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Snohomish WA                                                          | County of Snohomish, Limited Tax                                                                                                                       | CUSIP: 833086EL1<br>LEI: 254900GIDXGQFYCOA089 | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1451439.05   | 0.08%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Selma Industrial Development Board                                              | Selma Industrial Development Board, International Paper Co. Projects, Series 2019A                                                                     | CUSIP: 81647PAG8<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1225000 | PA      | $1217379.03   | 0.06%             | 2033-11-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| Rocky Mountain Rail Park Metropolitan District                                  | Rocky Mountain Rail Park Metropolitan District, Limited Tax, Series 2021A                                                                              | CUSIP: 774762AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $754051.88    | 0.04%             | 2031-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Michigan Finance Authority                                                      | Michigan Finance Authority, Trinity Health Credit Group, Series 2016MI                                                                                 | CUSIP: 59447TGY3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4640572.92   | 0.24%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                       | New York Transportation Development Corp., Delta Air Lines, Inc., LaGuardia Airport Terminals C&D Redevelopment Project                                | CUSIP: 650116CZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5350000 | PA      | $5311786.56   | 0.28%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | State of Illinois, Series 2022A                                                                                                                        | CUSIP: 452153CV9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5765000 | PA      | $6243115.66   | 0.33%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Housing & Community Development Authority                               | Indiana Housing and Community Development Authority, Vita of New Whiteland Project                                                                     | CUSIP: 45506CBH9<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4587707.50   | 0.24%             | 2043-01-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | New York City Municipal Water Finance Authority, Water and Sewer System, Second General Resolution, Fiscal Year 2020, Series 2020CC-1                  | CUSIP: 64972GVD3<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9848686.00   | 0.51%             | 2038-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Scottsdale Municipal Property Corp.                                             | Scottsdale Municipal Property Corp., Excise Tax                                                                                                        | CUSIP: 810489JS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1603226.70   | 0.08%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Capitol Improvement Authority                                          | Oklahoma Capitol Improvement Authority, Oklahoma Department of Transportation Project, Series 2025A                                                    | CUSIP: 678514DZ0<br>LEI: 549300LYHYBINTZ5AY71 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1195985.81   | 0.06%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Township of North Brunswick NJ                                                  | Township of North Brunswick, General Improvement                                                                                                       | CUSIP: 658017Q92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1042245.46   | 0.05%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                      | Utah Infrastructure Agency, Tax-Exempt Telecommunications, Series 2018A                                                                                | CUSIP: 917467AR3<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    745000 | PA      | $746317.23    | 0.04%             | 2025-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | Triborough Bridge and Tunnel Authority, MTA Bridges and Tunnels, Series 2012B                                                                          | CUSIP: 89602NA20<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   8860000 | PA      | $6971475.94   | 0.36%             | 2032-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Harnett NC                                                            | County of Harnett, Limited Tax                                                                                                                         | CUSIP: 41333TCP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1124720.10   | 0.06%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Baseline Metropolitan District No. 1                                            | Baseline Metropolitan District No. 1, Series 2024A                                                                                                     | CUSIP: 069826AK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1644760.35   | 0.09%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mission Economic Development Corp.                                              | Mission Economic Development Corp., Graphic Packaging International LLC Project                                                                        | CUSIP: 605155BW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1524314.10   | 0.08%             | 2064-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                   | Central Texas Turnpike System, Second Tier, Series 2024C                                                                                               | CUSIP: 88283KBZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2281740.41   | 0.12%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chelan County Public Utility District No. 1                                     | Chelan County Public Utility District No. 1, Series 2020A                                                                                              | CUSIP: 163103VH4<br>LEI: 5493004E8FN9GU2SU067 | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1644748.26   | 0.09%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Stamford CT Water Pollution Control System & Facility Revenue           | City of Stamford, Water Pollution Control System and Facility, Series 2013A                                                                            | CUSIP: 852660CE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300556.14    | 0.02%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                      | Utah Infrastructure Agency, Clearfield City Project                                                                                                    | CUSIP: 917466CY8<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    915000 | PA      | $858260.94    | 0.04%             | 2040-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Little Elm Independent School District                                          | Little Elm Independent School District, Series 2024                                                                                                    | CUSIP: 5370967W3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $842151.60    | 0.04%             | 2054-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                    | Salt River Project Agricultural Improvement and Power District, Arizona Electric System, Series 2017A                                                  | CUSIP: 79574CCS0<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3131505.00   | 0.16%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Mesquite TX                                                             | City of Mesquite, Combination tax                                                                                                                      | CUSIP: 59074PMW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1578018.07   | 0.08%             | 2040-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Nebraska Educational Health Cultural & Social Services Finance Authority        | Nebraska Educational Health Cultural and Social Services Finance Authority, Immanuel Retirement Communities Obligated Group, Series 2019A              | CUSIP: 63967UAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1971611.80   | 0.10%             | 2034-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                    | New York City Transitional Finance Authority, Future Tax Secured, Subordinate, Fiscal Year 2025, Series 2025J, Subseries J-1                           | CUSIP: 64972JTU2<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048892.80   | 0.05%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Round Rock Independent School District                                          | Round Rock Independent School District, Series 2025B                                                                                                   | CUSIP: 779240RJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1562673.12   | 0.08%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                   | Main Street Natural Gas, Inc., Gas Supply, Series 2024D                                                                                                | CUSIP: 56035DHZ8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   8440000 | PA      | $8992788.77   | 0.47%             | 2054-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Alvord Unified School District                                                  | Alvord Unified School District, 2007 Election, Series 2011B                                                                                            | CUSIP: 022555UK0<br>LEI: 549300Q9J0UCO75DL276 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $935592.15    | 0.05%             | 2036-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | Black Belt Energy Gas District, Gas Project, Series 2024D                                                                                              | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  13590000 | PA      | $14324589.78  | 0.75%             | 2055-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | City and County of Denver, Airport System, Series 2018A                                                                                                | CUSIP: 249182LG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10254921.00  | 0.53%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                       | Dallas Area Rapid Transit, Sales Tax, Senior Lien, Series 2016A                                                                                        | CUSIP: 235241RV0<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |   9905000 | PA      | $9965844.43   | 0.52%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                  | Washington Metropolitan Area Transit Authority, Series 2017B                                                                                           | CUSIP: 938782FM6<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5949495.10   | 0.31%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                          | Iowa Finance Authority, Senior Living Facility, Sunrise Retirement Community Project                                                                   | CUSIP: 46247CCA5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    440000 | PA      | $394044.77    | 0.02%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                                      | Intermountain Power Agency, Utah Power Supply, Series 2023A                                                                                            | CUSIP: 45884AF32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2305000 | PA      | $2437274.04   | 0.13%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp./TN                                                               | Tennergy Corp., Gas Supply, Series 2021A                                                                                                               | CUSIP: 880397BW3<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |  10330000 | PA      | $10488559.30  | 0.55%             | 2028-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                             | Pennsylvania Housing Finance Agency, Single Family Mortgage                                                                                            | CUSIP: 70879QZ71<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5616556.00   | 0.29%             | 2055-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                     | Omaha Public Power District, Electric System, Series 2024C                                                                                             | CUSIP: 682001NE8<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2248727.14   | 0.12%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King & Pierce Counties Valley Regional Fire Authority                           | King and Pierce Counties Valley Regional Fire Authority, Unlimited Tax, Series 2024                                                                    | CUSIP: 92007ABX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1694838.18   | 0.09%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                | Commonwealth Financing Authority, Tobacco Master Settlement Payment                                                                                    | CUSIP: 20282EAK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1190996.46   | 0.06%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                       | New York Transportation Development Corp., John F. Kennedy International Airport New Terminal One Project                                              | CUSIP: 650116JM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001998.90   | 0.05%             | 2059-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                               | Idaho Health Facilities Authority, St. Luke's Health System Project, Series 2025C                                                                      | CUSIP: 451295H69<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3229452.00   | 0.17%             | 2060-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Convention Center Development Corp.                                    | New York Convention Center Development Corp., Subordinate Lien, Hotel Unit Fee Secured, Series B                                                       | CUSIP: 649451FW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1522222.40   | 0.08%             | 2032-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fairfax County Industrial Development Authority                                 | Fairfax County Industrial Development Authority                                                                                                        | CUSIP: 30382VAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1514299.71   | 0.08%             | 2042-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Grand Parkway Transportation Corp.                                              | Grand Parkway Transportation Corp., Grand Parkway System Subordinate Tier, Series 2020C                                                                | CUSIP: 38611TCC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $928128.63    | 0.05%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                           | Louisiana Public Facilities Authority, Mentorship Steam Academy Project, Series 2021A                                                                  | CUSIP: 546399LS3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    440000 | PA      | $372521.29    | 0.02%             | 2042-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp.                                              | Tennessee Energy Acquisition Corp., Gas Project, Series 2018                                                                                           | CUSIP: 880443JE7<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |  33150000 | PA      | $33230173.28  | 1.73%             | 2025-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                              | Tobacco Settlement Financing Corp., Series 2018A                                                                                                       | CUSIP: 888808HN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1376234.44   | 0.07%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                            | State of Mississippi, Series 2018A                                                                                                                     | CUSIP: 605581LC9<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |   5030000 | PA      | $5124024.28   | 0.27%             | 2036-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri              | Health and Educational Facilities Authority of the State of Missouri, Lutheran Senior Services Projects, Series 2016B                                  | CUSIP: 60635H2D0<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000912.10   | 0.05%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                            | Chicago Midway International Airport, Senior Lien, Series 2023A                                                                                        | CUSIP: 167562SG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043915.30   | 0.05%             | 2048-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                   | Central Texas Turnpike System, First Tier, Series 2024B                                                                                                | CUSIP: 88283KBQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2155383.80   | 0.11%             | 2042-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Kansas Department of Transportation                                    | State of Kansas Department of Transportation, Series 2025A                                                                                             | CUSIP: 485424UD5<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |   2315000 | PA      | $2422182.19   | 0.13%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                           | Pennsylvania Economic Development Financing Authority, The Penndot Major Bridges                                                                       | CUSIP: 70868YAX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5645000 | PA      | $5384000.60   | 0.28%             | 2057-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                                    | West Virginia Economic Development Authority, Solid Waste Disposal Facilities, Commercial Metal Co. Project                                            | CUSIP: 95648VBV0<br>LEI: 549300WW88TKKF5H1220 | Long             | STIV             | MUN               | US        |   3000000 | PA      | $2949731.10   | 0.15%             | 2055-04-15      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                          | Iowa Finance Authority, Senior Living Facility, Sunrise Retirement Community Project                                                                   | CUSIP: 46247CBZ1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    100000 | PA      | $96772.46     | 0.01%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | North Texas Tollway Authority, First Tier, Series 2020A                                                                                                | CUSIP: 66285WZW9<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4986877.00   | 0.26%             | 2038-01-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No. 40                                         | Multnomah County School District No. 40, Series A                                                                                                      | CUSIP: 625693HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $633341.00    | 0.03%             | 2036-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                       | New York Transportation Development Corp., JFK International Airport New Terminal One Project, Series 2023                                             | CUSIP: 650116GV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2293804.80   | 0.12%             | 2043-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                            | Colorado Health Facilities Authority, Children's Hospital Colorado Project, Series 2019A-2                                                             | CUSIP: 19648FKR4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1246960.58   | 0.07%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fayette County Development Authority                                            | Fayette County Development Authority, United States Soccer Federation, Inc. Project, Series 2024                                                       | CUSIP: 31222PAT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1112737.45   | 0.06%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                      | Utah Infrastructure Agency, Tax-Exempt Telecommunications                                                                                              | CUSIP: 917471AY0<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1520015.48   | 0.08%             | 2038-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | New Jersey Transportation Trust Fund Authority, Transportation Program, Series 2024CC                                                                  | CUSIP: 64613CGF9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3030329.70   | 0.16%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                | Ohio Water Development Authority, Water Pollution Control Loan Fund, Series 2019A                                                                      | CUSIP: 677660UZ3<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |  16390000 | PA      | $17841149.29  | 0.93%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | New York City Transitional Finance Authority, Future Tax Secured, Series C                                                                             | CUSIP: 64971WV23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6695312.00   | 0.35%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                           | North Carolina Housing Finance Agency, Homeownership-1998 Trust, Series 55-C                                                                           | CUSIP: 65820BBB1<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | STIV             | MUN               | US        |   4000000 | PA      | $4000672.80   | 0.21%             | 2056-07-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| N/A                                                                             | U.S. Treasury Long Bond                                                                                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       192 | NC      | $5675.52      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | New York City Municipal Water Finance Authority, Second General Resolution, Fiscal Year 2025, Series 2025DD                                            | CUSIP: 64972GP73<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1697156.25   | 0.09%             | 2039-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Jeffersonville IN                                                       | City of Jeffersonville, Vivera Senior Living of Jeffersonville Project, Series 2020A                                                                   | CUSIP: 475666AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4560000 | PA      | $3904118.78   | 0.20%             | 2040-11-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Shelby County Health Educational & Housing Facilities Board                     | Shelby County Health Educational and Housing Facilities Board, Baptism Memorial Health Obligated Group, Series 2024B                                   | CUSIP: 821691AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3605000 | PA      | $3845302.45   | 0.20%             | 2029-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | Metropolitan Transportation Authority, Climate Bond, Series 2020C-1                                                                                    | CUSIP: 59261AG43<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1467702.15   | 0.08%             | 2050-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                              | City of Chicago, Series 2025A                                                                                                                          | CUSIP: 167486U72<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018050.10   | 0.05%             | 2050-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                         | Montgomery County Higher Education and Health Authority, Thomas Jefferson University, Series 2018A                                                     | CUSIP: 613603YV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2950000 | PA      | $2748537.72   | 0.14%             | 2038-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | New York State Dormitory Authority, Personal Income Tax, Series 2021A                                                                                  | CUSIP: 64990FZS6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2278020.28   | 0.12%             | 2037-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp.                                              | New York Liberty Development Corp., Secured by Port Authority, Series 1WTC-2021                                                                        | CUSIP: 649519FD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3345000 | PA      | $2634137.66   | 0.14%             | 2042-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp.                                   | New York State Environmental Facilities Corp., State Clean Water and Drinking Water Revolving Funds, Municipal Water Finance Authority Projects - Seco | CUSIP: 64986DPL3<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3105009.30   | 0.16%             | 2053-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                       | Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement, Series 2021B-2                                                                 | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  40000000 | PA      | $3711964.00   | 0.19%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                        | Build NYC Resource Corp., Urban Resource Institute Project                                                                                             | CUSIP: 12008EWP7<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1123390.62   | 0.06%             | 2051-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cook County Community Consolidated School District No. 15 Palatine              | Cook County Community Consolidated School District No. 15 Palatine                                                                                     | CUSIP: 213291RZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $703993.80    | 0.04%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                | Washington Metropolitan Area Transit Authority Dedicated, Second Lien, Series 2025A                                                                    | CUSIP: 93878YEB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5134073.00   | 0.27%             | 2055-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Village of Bolingbrook IL                                                       | Village of Bolingbrook, Will and Dupage Counties, Special Service Areas Numbers 2001-1, 2001-2, 2001-3, and 2002-1                                     | CUSIP: 09755VBC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $1014528.77   | 0.05%             | 2028-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | Chicago O'Hare International Airport, General Airport, Senior Lien, Series 2024D                                                                       | CUSIP: 1675936G2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007806.60   | 0.05%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                         | South Carolina Public Service Authority, Santee Cooper, Series 2024A                                                                                   | CUSIP: 8371514E6<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2036428.80   | 0.11%             | 2049-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                         | Washington Suburban Sanitary Commission                                                                                                                | CUSIP: 940158DL9<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |  13035000 | PA      | $11864687.72  | 0.62%             | 2045-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                    | Clark County School District, Limited Tax, Series 2020A                                                                                                | CUSIP: 181059P59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1014106.53   | 0.05%             | 2039-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority (The)                                  | Metropolitan Nashville Airport Authority (The), Series 2022B                                                                                           | CUSIP: 592190QW5<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1965670.69   | 0.10%             | 2041-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                          | Iowa Finance Authority, Senior Living Facility, Sunrise Retirement Community Project                                                                   | CUSIP: 46247CBW8<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    200000 | PA      | $198404.86    | 0.01%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Port Authority                                                         | Virginia Port Authority                                                                                                                                | CUSIP: 928077KY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1400793.85   | 0.07%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                   | Main Street Natural Gas, Inc., Gas Supply, Series 2021C                                                                                                | CUSIP: 56035DCZ3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2535812.50   | 0.13%             | 2052-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority                              | Montgomery County Industrial Development Authority, Constellation Energy Generation, Series 2023A                                                      | CUSIP: 61361TAA9<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |  12050000 | PA      | $12329370.82  | 0.64%             | 2028-04-03      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority                                                   | Delaware River Port Authority                                                                                                                          | CUSIP: 246352JG4<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3864902.30   | 0.20%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                         | New York City Housing Development Corp., Multi-Family Mortgage, 8 Spruce Street Project, Series 2024, Class F                                          | CUSIP: 64966TGX6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1333917.13   | 0.07%             | 2031-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | City of New York, Fiscal Year 2025, Series 2025G, Subseries G-1                                                                                        | CUSIP: 64966SLY0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2530000 | PA      | $2639460.96   | 0.14%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                | Minnesota Housing Finance Agency, Residential Housing, Series 2024O                                                                                    | CUSIP: 60416UGU3<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2494458.63   | 0.13%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp.                                      | Monroe County Industrial Development Corp., Academy of Health Sciences Charter School Project, Series 2022A                                            | CUSIP: 61075YAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1331953.25   | 0.07%             | 2042-07-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| State of Florida Department of Transportation Turnpike System Revenue           | State of Florida Department of Transportation Turnpike System, Series 2024D                                                                            | CUSIP: 343137VQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1217307.65   | 0.06%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona (The)           | Industrial Development Authority of The City of Phoenix, Downtown Phoenix Student Housing LLC - Arizona State University Project, Series 2018A         | CUSIP: 71885DCU4<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1349020.66   | 0.07%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                     | Omaha Public Power District, Series 2025A                                                                                                              | CUSIP: 682001PD8<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1481023.45   | 0.08%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coastal Water Authority                                                         | Coastal Water Authority, City of Houston Projects                                                                                                      | CUSIP: 19057PEQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5115000 | PA      | $5123377.86   | 0.27%             | 2025-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                 | California County Tobacco Securitization Agency, Series 2006A                                                                                          | CUSIP: 13016NCT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9500000 | PA      | $2041569.95   | 0.11%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Jose Evergreen Community College District                                   | San Jose Evergreen Community College District, Series C                                                                                                | CUSIP: 798189TE6<br>LEI: 5493006H31JIFYW6Z091 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1934176.00   | 0.10%             | 2042-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                | Energy Northwest, Project 1, Series 2025A                                                                                                              | CUSIP: 29270C7B5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2272455.80   | 0.12%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                 | Indianapolis Local Public Improvement Bond Bank, Indianapolis Public Transportation Corp. Project, Series 2025A                                        | CUSIP: 45527CEB4<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    800000 | PA      | $843935.92    | 0.04%             | 2040-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                     | Washington State Housing Finance Commission, Rockwood Retirement Communities Project, Series 2020A                                                     | CUSIP: 939783C87<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1920000 | PA      | $1953843.26   | 0.10%             | 2032-01-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| City of Dallas Housing Finance Corp.                                            | City of Dallas Housing Finance Corp., Rosemont at Ash Creek Apartments, Series 2023                                                                    | CUSIP: 235298BS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1381937.56   | 0.07%             | 2026-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | New York State Dormitory Authority, Mount Sinai Obligated Group                                                                                        | CUSIP: 64985SMS9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5072909.10   | 0.26%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                                    | Gainesville and Hall County Hospital Authority, Northeast Georgia Health System, Inc., Project                                                         | CUSIP: 362762QZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2105000 | PA      | $2328263.25   | 0.12%             | 2030-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia State Road & Tollway Authority                                          | Georgia State Road and Tollway Authority, Managed Lane System, Series 2021A                                                                            | CUSIP: 37358MEU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2380000 | PA      | $2379674.89   | 0.12%             | 2038-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | Metropolitan Transportation Authority, Climate Bond, Series 2025A                                                                                      | CUSIP: 59261A5A1<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2058380.80   | 0.11%             | 2043-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                            | City of Baltimore, Consolidated Public Improvement, Series 2017B                                                                                       | CUSIP: 059189VN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2113261.80   | 0.11%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                       | New York Transportation Development Corp., Delta Air Lines, Inc., LaGuardia Airport Terminals C&D Redevelopment Project                                | CUSIP: 650116CY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3920000 | PA      | $3975120.30   | 0.21%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | Los Angeles Department of Water and Power, Power System, Series 2025A                                                                                  | CUSIP: 544532PW8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501011.15   | 0.08%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority, Clean Energy Project, Series 2024H                                                                    | CUSIP: 13013JFW1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5750000 | PA      | $6250397.78   | 0.33%             | 2056-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                           | City of San Antonio, Series 2024C                                                                                                                      | CUSIP: 79625GLA9<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2099582.00   | 0.11%             | 2049-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue       | Wisconsin Housing and Economic Development Authority, Home Ownership, Series 2024C                                                                     | CUSIP: 97689QWD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $1077528.83   | 0.06%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | Metropolitan Transportation Authority, Climate Bond, Series 2019B                                                                                      | CUSIP: 59261AYX9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $804006.80    | 0.04%             | 2050-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Housing & Community Development Authority                               | Indiana Housing and Community Development Authority, Vita of Marion Project, Series 2021A                                                              | CUSIP: 45506CBA4<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1553355.38   | 0.08%             | 2041-04-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                             | Pennsylvania Housing Finance Agency, Single Family Mortgage, Series 2023-141A                                                                          | CUSIP: 70879QSZ7<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   3450000 | PA      | $3673883.27   | 0.19%             | 2053-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Buckeye AZ Excise Tax Revenue                                           | City of Buckeye, Excise Tax                                                                                                                            | CUSIP: 118087FB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1352485.75   | 0.07%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Middleton Community Development District A                                      | Middleton Community Development District A, City of Wildwood, Florida Special Assessment                                                               | CUSIP: 596681AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $777396.94    | 0.04%             | 2037-05-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                          | Iowa Finance Authority, Senior Living Facility, Sunrise Retirement Community Project                                                                   | CUSIP: 46247CBU2<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |     85000 | PA      | $84681.10     | 0.00%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | State of North Carolina                                                                                                                                | CUSIP: 658268EE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15345000 | PA      | $16364707.47  | 0.85%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp.                                                  | Sales Tax Securitization Corp., Series 2018C                                                                                                           | CUSIP: 79467BCE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9440999.10   | 0.49%             | 2035-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | New York City Municipal Water Finance Authority, Water and Sewer System, Second General Resolution, Fiscal Year 2017, Series 2017EE                    | CUSIP: 64972GNK6<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5123951.50   | 0.27%             | 2036-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri              | Health and Educational Facilities Authority of the State of Missouri, Lutheran Senior Services Projects, Series 2019C                                  | CUSIP: 60635H2W8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1513595.25   | 0.08%             | 2030-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 15                                   | Village Community Development District No. 15                                                                                                          | CUSIP: 92708KAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007759.00   | 0.05%             | 2038-05-01      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                             | U.S. Treasury 10 Year Ultra Note                                                                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -132 | NC      | $-69698.17    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Housing Options, Inc.                                                           | Housing Options, Inc., The Culbreath                                                                                                                   | CUSIP: 44183TAM5<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   2000000 | PA      | $2035530.00   | 0.11%             | 2045-11-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | New York State Dormitory Authority, State Sales Tax, Series 2018C                                                                                      | CUSIP: 64990AKA2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   8020000 | PA      | $8318076.93   | 0.43%             | 2036-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | Illinois Finance Authority, Centerpointjoliet Terminal, Series 2020                                                                                    | CUSIP: 45203PAB0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | STIV             | MUN               | US        |   2750000 | PA      | $2640893.48   | 0.14%             | 2050-12-01      | Variable      | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | Virginia College Building Authority, Educational Facilities, Washington and Lee University Project                                                     | CUSIP: 927780SJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1130404.46   | 0.06%             | 2026-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                           | City of Chicago, Waterworks, Second Lien, Series 2023B                                                                                                 | CUSIP: 167736X28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3160000 | PA      | $3286892.64   | 0.17%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                       | New York Transportation Development Corp., Delta Air Lines, Inc., LaGuardia Airport Terminals C&D Redevelopment Project                                | CUSIP: 650116CN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9885000 | PA      | $10015169.63  | 0.52%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp.                                                   | Florida Housing Finance Corp., Homeowner Mortgage, Series 2022 1                                                                                       | CUSIP: 34074MZA2<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1110249.08   | 0.06%             | 2052-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                        | New Hampshire Business Finance Authority, Winston Salem Sustainable Energy Partners, Series 2025A                                                      | CUSIP: 63607YCQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071262.80   | 0.06%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vancouver Housing Authority                                                     | Vancouver Housing Authority, Series 2025                                                                                                               | CUSIP: 921626PU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2916987.90   | 0.15%             | 2038-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Georgia Higher Education Facilities Authority                                   | Georgia Higher Education Facilities Authority, USG Real Estate Foundation II LLC Projects                                                              | CUSIP: 373511HW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1115923.82   | 0.06%             | 2032-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                               | Southeast Energy Authority A Cooperative District, Project No. 2, Series 2021B                                                                         | CUSIP: 84136FAV9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   6705000 | PA      | $6676639.86   | 0.35%             | 2031-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | Port Authority of New York and New Jersey, Consolidated, Series 248                                                                                    | CUSIP: 73358XPY2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3302326.95   | 0.17%             | 2050-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Municipal Bond Bank                                                       | Maine Municipal Bond Bank, Series 2025A                                                                                                                | CUSIP: 56045SBF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1101937.70   | 0.06%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                     | Washington State Housing Finance Commission, Blakeley and Laurel Villages Portfolio, Series 2025A                                                      | CUSIP: 93978LJM9<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2405000 | PA      | $2324888.73   | 0.12%             | 2050-07-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Wyoming Community Development Authority                                         | Wyoming Community Development Authority, Series 2023-1                                                                                                 | CUSIP: 98322QE78<br>LEI: 549300UQ62NB8FGTHW65 | Long             | DBT              | MUN               | US        |   2690000 | PA      | $2855405.41   | 0.15%             | 2053-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority (The)                                  | Metropolitan Nashville Airport Authority (The), Series 2022B                                                                                           | CUSIP: 592190QX3<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2081765.80   | 0.11%             | 2042-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                  | Buckeye Tobacco Settlement Financing Authority, Series 2020A-2, Class 1                                                                                | CUSIP: 118217CT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3786040.40   | 0.20%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Baldwin County Industrial Development Authority                                 | Baldwin County Industrial Development Authority, Novelis Corp., Project, Series 2025A                                                                  | CUSIP: 05786PAA1<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   7000000 | PA      | $7009975.70   | 0.37%             | 2055-06-01      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Cypress-Fairbanks Independent School District                                   | Cypress-Fairbanks Independent School District, Unlimited Tax, Series 2022A                                                                             | CUSIP: 232769LQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2058240.80   | 0.11%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2017, Series B                                                           | CUSIP: 64971WT26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6445000 | PA      | $6525646.29   | 0.34%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | Illinois Finance Authority, Centerpointjoliet Terminal                                                                                                 | CUSIP: 45203PAD6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1000686.00   | 0.05%             | 2043-12-01      | Variable      | 4.80%                 | Yes           |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                       | City of Houston Airport System, United Airlines, Inc., Terminal Improvement Projects, Series 2024B                                                     | CUSIP: 442349HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6582386.25   | 0.34%             | 2033-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | Pennsylvania Turnpike Commission, Subordinate, Series 2023                                                                                             | CUSIP: 709225HC3<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050077.20   | 0.05%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                           | City of Chicago, Waterworks, Second Lien, Series 2001                                                                                                  | CUSIP: 167736SJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5880095.10   | 0.31%             | 2030-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | Ohio Water Development Authority Water Pollution Control Loan Fund, Series 2024C                                                                       | CUSIP: 67766WQ21<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1100000 | PA      | $1100000.00   | 0.06%             | 2054-12-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | Commonwealth of Massachusetts, Consolidated Loan, Series E                                                                                             | CUSIP: 57582PBC3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5021437.00   | 0.26%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                               | Idaho Health Facilities Authority, St. Luke's Health System Project, Series 2025B                                                                      | CUSIP: 451295H51<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2171903.00   | 0.11%             | 2060-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA Wastewater System Revenue                                | City of Los Angeles, Wastewater System, Subordinate, Series 2025A                                                                                      | CUSIP: 53945CMD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2036286.00   | 0.11%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                          | City of Minneapolis, Health Care System, Fairview Health Services, Series 2018A                                                                        | CUSIP: 60374VEF6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $959654.80    | 0.05%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | New York City Municipal Water Finance Authority, Water and Sewer System, Second General Resolution, Series 2009BB-2                                    | CUSIP: 64972FWL6<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | STIV             | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.10%             | 2039-06-15      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                               | Chicago Transit Authority Sales Tax Receipts Fund, Series 2024A                                                                                        | CUSIP: 16772PEP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5418992.15   | 0.28%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Tobacco Settlement Authority                                               | Iowa Tobacco Settlement Authority, Subordinate Senior Capital Appreciation Asset Backed, Series 2021-B-2, Class 2                                      | CUSIP: 888805CJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19280000 | PA      | $2666144.44   | 0.14%             | 2065-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                 | Indianapolis Local Public Improvement Bond Bank, Indianapolis Public Transportation Corp. Project, Series 2025A                                        | CUSIP: 45527CED0<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1706843.49   | 0.09%             | 2042-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                       | Metropolitan Government of Nashville and Davidson County                                                                                               | CUSIP: 592112TN6<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |  11800000 | PA      | $11813345.80  | 0.62%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | New Jersey Economic Development Authority, School Facilities Construction, Series 2018EEE                                                              | CUSIP: 64577XEH5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1263335.84   | 0.07%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act                     | New Hampshire Health and Education Facilities Authority Act                                                                                            | CUSIP: 64461XMF9<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   5400000 | PA      | $5424969.60   | 0.28%             | 2055-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                             | Pennsylvania Housing Finance Agency, Single Family Mortgage, Series 2024-146A                                                                          | CUSIP: 70879QXV0<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    980000 | PA      | $1080216.76   | 0.06%             | 2054-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                     | Long Island Power Authority, Electric System, Series 2018                                                                                              | CUSIP: 542691BQ2<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5244827.50   | 0.27%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Valparaiso IN                                                           | City of Valparaiso, Green Oaks of Valparaiso Project                                                                                                   | CUSIP: 920286AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1332701.32   | 0.07%             | 2041-12-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                | Maricopa County Industrial Development Authority, HonorHealth, Series 2019A                                                                            | CUSIP: 56678PAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039776.40   | 0.05%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp.                                                  | Sales Tax Securitization Corp., Series 2018C                                                                                                           | CUSIP: 79467BCD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13520000 | PA      | $14243741.82  | 0.74%             | 2034-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kansas Development Finance Authority                                            | Kansas Development Finance Authority, Series 2025A                                                                                                     | CUSIP: 48542RX66<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |   6765000 | PA      | $6562574.29   | 0.34%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | Triborough Bridge and Tunnel Authority, MTA Bridges and Tunnels, TBTA Capital Lockbox, Series 2025A                                                    | CUSIP: 896032BC2<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $910827.20    | 0.05%             | 2056-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                   | Central Texas Turnpike System, First Tier, Series 2024A                                                                                                | CUSIP: 88283KBR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1122228.00   | 0.06%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                    | Kansas City Industrial Development Authority, Airport Terminal Modernization Project, Series 2019B                                                     | CUSIP: 48504NBB4<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   4710000 | PA      | $4735922.43   | 0.25%             | 2039-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                               | Oregon State Facilities Authority, Peacehealth, Series 2018A                                                                                           | CUSIP: 68608JXD8<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   9875000 | PA      | $9875000.00   | 0.51%             | 2034-08-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Grossmont-Cuyamaca Community College District                                   | Grossmont-Cuyamaca Community College District, Election of 2002, Series 2008C                                                                          | CUSIP: 399267DB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19585000 | PA      | $19162424.25  | 1.00%             | 2026-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                         | Washington Suburban Sanitary Commission                                                                                                                | CUSIP: 940158DP0<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |   5430000 | PA      | $4792422.43   | 0.25%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri              | Health and Educational Facilities Authority of the State of Missouri, Lutheran Senior Services Projects, Series 2019A                                  | CUSIP: 60635H2S7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968760.20    | 0.05%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | Illinois Finance Authority, Silver Cross Hospital and Medical Centers, Series 2025B-2                                                                  | CUSIP: 45204FM85<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3722540.15   | 0.19%             | 2044-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                        | Arizona Industrial Development Authority, Equitable School Revolving Fund LLC, Series 2024A                                                            | CUSIP: 04052FFC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $982027.00    | 0.05%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                | Maricopa County Industrial Development Authority, Honorhealth, Series 2019A                                                                            | CUSIP: 56678PAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1279630.50   | 0.07%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                | New York State Thruway Authority, Personal Income Tax, Series 2022A                                                                                    | CUSIP: 650028YU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12384750.00  | 0.65%             | 2042-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | New Jersey Transportation Trust Fund Authority, Transportation Program, Series 2020AA                                                                  | CUSIP: 6461366Z9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2716124.68   | 0.14%             | 2036-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Public Finance Corp.                                                | Puerto Rico Public Finance Corp., Series 2001E                                                                                                         | CUSIP: 745291TM6<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  10000000 | PA      | $10298699.00  | 0.54%             | 2026-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Roswell Development Authority                                                   | Roswell Development Authority, Wellsatar Healthcare, Inc., Series 2025A                                                                                | CUSIP: 77853AAA1<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   9500000 | PA      | $9500000.00   | 0.50%             | 2047-04-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                              | South Carolina Jobs-Economic Development Authority, Foothill Affordable Housing, Series 2025                                                           | CUSIP: 837031H63<br>LEI: 5493006X47I9VG3DL112 | Long             | STIV             | MUN               | US        |   1000000 | PA      | $990134.40    | 0.05%             | 2062-03-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Bartow County Development Authority                                             | Bartow County Development Authority, Georgia Power Co. Plant, Series 2009-1                                                                            | CUSIP: 069643BN3<br>LEI: 5493006KLI0V8YELKW50 | Long             | STIV             | MUN               | US        |   2000000 | PA      | $2047175.40   | 0.11%             | 2032-12-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| New York Convention Center Development Corp.                                    | New York Convention Center Development Corp., Subordinate Lien, Hotel Unit Fee Secured, Series B                                                       | CUSIP: 649451FX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $1553418.65   | 0.08%             | 2033-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2022, Series 2022C, Subseries C-1                                        | CUSIP: 64971XL63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7750000 | PA      | $6712327.70   | 0.35%             | 2047-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                                   | Maryland Community Development Administration, Multi- Family, Villages At Marley Station, Series 2024D-2                                               | CUSIP: 20364NCK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015220.50   | 0.05%             | 2029-01-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                | New York State Thruway Authority, Series O                                                                                                             | CUSIP: 650009W82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3517440.03   | 0.18%             | 2043-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | New Jersey Transportation Trust Fund Authority, Transportation Program, Series 2024CC                                                                  | CUSIP: 64613CGJ1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1080439.00   | 0.06%             | 2050-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | State of Illinois, Series 2023B                                                                                                                        | CUSIP: 452153FL8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1146525.19   | 0.06%             | 2047-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp.                                                              | Utah Housing Corp., Single Family Mortgage, Series 2025A                                                                                               | CUSIP: 917437RU1<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   1990000 | PA      | $2232731.25   | 0.12%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                       | New York Transportation Development Corp., Delta Air Lines, Inc., LaGuardia Airport Terminals C&D Redevelopment Project, Series 2018                   | CUSIP: 650116CK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3578008.00   | 0.19%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority (The)                                  | Metropolitan Nashville Airport Authority (The), Subordinate Airport, Series 2019B                                                                      | CUSIP: 592190PJ5<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4843852.00   | 0.25%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                     | San Diego County Regional Airport Authority, Series 2021B                                                                                              | CUSIP: 79739GNX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5180000 | PA      | $5101005.52   | 0.27%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | Indiana Finance Authority, CHF- Tippecanoe LLC- Student Housing Project, Series 2023A                                                                  | CUSIP: 45471FAF8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    210000 | PA      | $194604.96    | 0.01%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Economic Development Authority                                   | Delaware State Economic Development Authority, Newark Charter School, Inc., Project                                                                    | CUSIP: 246372AL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1546227.61   | 0.08%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                    | Los Angeles Department of Water and Power, Water System, Series 2017A                                                                                  | CUSIP: 544525WL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $872128.60    | 0.05%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                                       | Michigan State Hospital Finance Authority, Corewell Health, Series 2025B-2                                                                             | CUSIP: 59465HXF8<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079524.90   | 0.06%             | 2055-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                            | Colorado Health Facilities Authority, School Health System, Series 2019A                                                                               | CUSIP: 19648FLN2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2605000 | PA      | $2569064.55   | 0.13%             | 2037-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                        | River Islands Public Financing Authority, Facilities District No. 2003, Series 2022A-1                                                                 | CUSIP: 76827QGP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034862.70   | 0.05%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                       | City of Houston Airport System, United Airlines, Inc., Terminal Improvement Projects, Series 2020C                                                     | CUSIP: 442349DJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3548506.50   | 0.19%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of the City of Erie (The)                                       | School District of the City of Erie (The), Limited Tax, Series 2019A                                                                                   | CUSIP: 295425TE2<br>LEI: 549300VQZWUO5J8WLO42 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1169986.89   | 0.06%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | New Jersey Transportation Trust Fund Authority, Transportation Program, Series 2024CC                                                                  | CUSIP: 64613CGK8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1520746.80   | 0.08%             | 2055-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp.                                                   | Florida Housing Finance Corp., Homeowner Mortgage, Series 2024-5                                                                                       | CUSIP: 34074M7G0<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   3225000 | PA      | $3564479.63   | 0.19%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of South Miami Health Facilities Authority, Inc.                           | City of South Miami Health Facilities Authority, Inc., Baptist Health South                                                                            | CUSIP: 838810EM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4586627.20   | 0.24%             | 2065-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | Texas Water Development Board, State Water Implementation Fund, Series 2018B                                                                           | CUSIP: 882854N81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7489125.70   | 0.39%             | 2030-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Higher Education Facilities Authority                                   | Georgia Higher Education Facilities Authority, USG Real Estate Foundation II LLC Projects                                                              | CUSIP: 373511JB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1477471.35   | 0.08%             | 2037-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Carroll KY                                                            | County of Carroll, Kentucky Environmental Facilities, Series 2006B                                                                                     | CUSIP: 14483RAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7440000 | PA      | $5980738.49   | 0.31%             | 2034-10-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                             | County of Harris, Unlimited Tax, Series 2023A                                                                                                          | CUSIP: 414005Y85<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1824753.00   | 0.10%             | 2048-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                | Maricopa County Industrial Development Authority, Valley Christian Schools Project, Series 2023A                                                       | CUSIP: 56678RAN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $893897.32    | 0.05%             | 2043-07-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | Indiana Finance Authority, State Revolving Fund Program, Series 2025C                                                                                  | CUSIP: 45506EMA8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1143493.00   | 0.06%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Overtown Park West Community Redevelopment Agency                     | Southeast Overtown Park West Community Redevelopment Agency, Flag Tax Increment                                                                        | CUSIP: 841466AW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1662775.95   | 0.09%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp.                                                | Onondaga Civic Development Corp., Syracuse University Project                                                                                          | CUSIP: 682832LK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2824186.20   | 0.15%             | 2050-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                | Maricopa County Industrial Development Authority, Ottawa University                                                                                    | CUSIP: 56678RAJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $207076.41    | 0.01%             | 2030-10-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | Port Authority of New York and New Jersey, Consolidated, Series 248                                                                                    | CUSIP: 73358XPU0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1715868.74   | 0.09%             | 2042-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                    | Michigan State Housing Development Authority, Series 2023B                                                                                             | CUSIP: 594654US2<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1077296.90   | 0.06%             | 2054-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                       | Central Texas Regional Mobility Authority, Senior Lien, Series 2021B                                                                                   | CUSIP: 155498LV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $933012.10    | 0.05%             | 2041-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern Ute Indian Tribe of the Southern Ute Reservation of Colorado           | Southern Ute Indian Tribe of the Southern Ute Reservation of Colorado, Series 2025A                                                                    | CUSIP: 844090AD2<br>LEI: 549300X0RZRBWLO0J697 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6369827.40   | 0.33%             | 2035-04-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2019, Series 2019A-1                                                     | CUSIP: 64971XFU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2145568.11   | 0.11%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dominion Water & Sanitation District                                            | Dominion Water and Sanitation District                                                                                                                 | CUSIP: 25755AAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1905000 | PA      | $1938147.38   | 0.10%             | 2032-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                          | City of Minneapolis, Health Care System, Fairview Health Services, Series 2018A                                                                        | CUSIP: 60374VED1<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    750000 | PA      | $698590.58    | 0.04%             | 2038-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | New York State Dormitory Authority, State Personal Income Tax, General Purpose, Series 2020A                                                           | CUSIP: 64990FYQ1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  18070000 | PA      | $15708740.70  | 0.82%             | 2047-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                | Energy Northwest, Project 1, Series 2025A                                                                                                              | CUSIP: 29270C7A7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2843686.50   | 0.15%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | Public Finance Authority, Senior Lien                                                                                                                  | CUSIP: 74442PF59<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1968064.40   | 0.10%             | 2044-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                           | Louisiana Public Facilities Authority, Ochsner Clinic Foundation Project, Series 2025A                                                                 | CUSIP: 546399UP9<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3613949.15   | 0.19%             | 2055-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                        | New Hampshire Business Finance Authority, Tamarron Project, Series 2024                                                                                | CUSIP: 63608TAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1699202.53   | 0.09%             | 2035-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                             | U.S. Treasury Ultra Bond                                                                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -65 | NC      | $30041.23     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                              | Tobacco Settlement Financing Corp., Series B                                                                                                           | CUSIP: 888809BG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4798785.00   | 0.25%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                        | New Hampshire Business Finance Authority, University of Nevada Reno Project, Series 2023A                                                              | CUSIP: 63610FBL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4075821.20   | 0.21%             | 2051-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                           | Louisiana Public Facilities Authority, Ochsner Clinic Foundation Project, Series 2025A                                                                 | CUSIP: 546399UN4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5309290.88   | 0.28%             | 2055-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | Los Angeles Department of Water and Power System, Series 2024C                                                                                         | CUSIP: 544532LY8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3568250.70   | 0.19%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                      | Michigan Finance Authority, Henry Ford Health System                                                                                                   | CUSIP: 59447TMM2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1823674.91   | 0.10%             | 2036-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                                            | State of Michigan Trunk Line, Series 2020B                                                                                                             | CUSIP: 5946952A5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5150000 | PA      | $5122958.90   | 0.27%             | 2037-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Utah UT                                                               | County of Utah, IHC Health Services, Inc., Series 2018C                                                                                                | CUSIP: 917393CY4<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |  35000000 | PA      | $35000000.00  | 1.83%             | 2058-05-15      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Shelby County Health Educational & Housing Facilities Board                     | Shelby County Health Educational and Housing Facilities Board, The Farms at Bailey Station Project, Series 2019A                                       | CUSIP: 82170KAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7940000 | PA      | $5394835.38   | 0.28%             | 2059-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. V                                | Texas Municipal Gas Acquisition and Supply Corp. V, Gas Supply, Series 2024                                                                            | CUSIP: 88256RAK2<br>LEI: 254900XZ4J30QIJO9G03 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9574600.50   | 0.50%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX Toll Road Revenue                                           | County of Harris, First Lien, Series 2024A                                                                                                             | CUSIP: 41423PDS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1597118.10   | 0.08%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                              | Tobacco Settlement Financing Corp., Series 2018A                                                                                                       | CUSIP: 888808HQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6255000 | PA      | $6025368.32   | 0.31%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                 | Kentucky Economic Development Finance Authority, CommonSpirit Health Obligated Group, Series 2019A-1                                                   | CUSIP: 49126PFV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1326869.88   | 0.07%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                            | Colorado Health Facilities Authority, CommonSpirit Health, Series 2019A-2                                                                              | CUSIP: 19648FKS2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9837502.00   | 0.51%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Local Government Finance Commission                                     | Florida Local Government Finance Commission, Bridgeprep Academy Project, Series 2025A                                                                  | CUSIP: 34077EAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2992296.00   | 0.16%             | 2055-06-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                           | North Carolina Housing Finance Agency, Homeownership-1998 Trust, Series 58-A                                                                           | CUSIP: 65820BCH7<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5703867.50   | 0.30%             | 2056-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                      | Utah Infrastructure Agency, Tax-Exempt Telecommunications, Series 2018A                                                                                | CUSIP: 917467AS1<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031808.90   | 0.05%             | 2028-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement, Series A                                                                | CUSIP: 6461363Q2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  11500000 | PA      | $11677014.90  | 0.61%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                | California Pollution Control Financing Authority, Poseidon Resources Channelside LP Desalination Project                                               | CUSIP: 13054WBE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989051.40    | 0.05%             | 2045-11-21      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                         | County of Miami-Dade                                                                                                                                   | CUSIP: 59333NNK5<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $2496774.50   | 0.13%             | 2040-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Erie City Water Authority                                                       | Erie City Water Authority, Series 2019B                                                                                                                | CUSIP: 295542PZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1333014.66   | 0.07%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | New Jersey Transportation Trust Fund Authority, Transportation Program, Series 2024CC                                                                  | CUSIP: 64613CFV5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3351597.00   | 0.17%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas Development Finance Authority                                            | Kansas Development Finance Authority, Series 2025A                                                                                                     | CUSIP: 48542RX74<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |   6415000 | PA      | $6124671.85   | 0.32%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mansfield Independent School District                                           | Mansfield Independent School District, Unlimited Tax, Series 2024                                                                                      | CUSIP: 564386UE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $993987.48    | 0.05%             | 2054-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                | Commonwealth Financing Authority, Tobacco Master Settlement Payment                                                                                    | CUSIP: 20282EAG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1140535.65   | 0.06%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Mesa AZ Utility System Revenue                                          | City of Mesa Utility System                                                                                                                            | CUSIP: 5905453B3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1132646.40   | 0.06%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                          | North Carolina Medical Care Commission, Twin Lakes Community, Series 2025A                                                                             | CUSIP: 65820YTT3<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $947271.50    | 0.05%             | 2055-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Nebraska Investment Finance Authority                                           | Nebraska Investment Finance Authority, Single Family Housing, Series 2024G                                                                             | CUSIP: 63968M7U7<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |    990000 | PA      | $1100634.98   | 0.06%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                     | Long Island Power Authority, Electric System, Series 2018                                                                                              | CUSIP: 542691BR0<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3130853.40   | 0.16%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | Pennsylvania Turnpike Commission, Subordinate, Series 2021B                                                                                            | CUSIP: 709225DU7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2148303.83   | 0.11%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | State of Illinois                                                                                                                                      | CUSIP: 452152G70<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4948829.97   | 0.26%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Desert Sands Unified School District                                            | Desert Sands Unified School District, Election of 2024                                                                                                 | CUSIP: 250433WR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $871826.10    | 0.05%             | 2050-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                          | Iowa Finance Authority, Senior Living Facility, Sunrise Retirement Community Project                                                                   | CUSIP: 46247CBY4<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    110000 | PA      | $107760.27    | 0.01%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                | Port of Greater Cincinnati Development Authority, Duke Energy Convention Center Project, Series 2024B                                                  | CUSIP: 734195DY3<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    875000 | PA      | $904425.99    | 0.05%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | New York State Dormitory Authority, State Personal Income Tax, General Purpose, Series 2022A                                                           | CUSIP: 64990FW75<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   4680000 | PA      | $4590142.60   | 0.24%             | 2038-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue       | Wisconsin Housing and Economic Development Authority, Home Ownership, Series 2024A                                                                     | CUSIP: 97689QTU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $1001535.98   | 0.05%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                         | Michigan Strategic Fund, Graphic Packaging International, LLC Coated Recycled Board Machine Project                                                    | CUSIP: 594698SR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1118931.53   | 0.06%             | 2026-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp.                                              | New York Liberty Development Corp., World Trade Centre, Series 1WTC-2021                                                                               | CUSIP: 649519EQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $3192526.80   | 0.17%             | 2041-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                             | California Public Finance Authority, Senior Living The James, Series 2024A                                                                             | CUSIP: 13057GAP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3355000 | PA      | $3085395.89   | 0.16%             | 2054-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                  | Buckeye Tobacco Settlement Financing Authority, Series 2020B-2, Class 2                                                                                | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13270000 | PA      | $10718567.81  | 0.56%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                             | Pennsylvania Housing Finance Agency, Single Family Mortgage, Series 2024 -147A                                                                         | CUSIP: 70879QC50<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1109890.50   | 0.06%             | 2054-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Florida Atlantic University Finance Corp.                                       | Florida Atlantic University Finance Corp., Student Housing Project, Series 2024                                                                        | CUSIP: 31200CEX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2014259.20   | 0.11%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Jacksonville FL                                                         | City of Jacksonville, Health Care Facilities, Brooks Rehabilitation Project                                                                            | CUSIP: 469400EL5<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $5454024.55   | 0.28%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                               | Florida Development Finance Corp., Brightline Florida Passenger Rail Project, Series 2024                                                              | CUSIP: 340618DT1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2886382.80   | 0.15%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                              | South Carolina Jobs-Economic Development Authority, Novant Health Obligated Group, Series 2024A                                                        | CUSIP: 837032CF6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026863.50   | 0.05%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                        | Arizona Industrial Development Authority, National Charter School Revolving Loan Fund, Series 2023A                                                    | CUSIP: 04052FDU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1579414.80   | 0.08%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Higher Education Facilities Authority                                   | Georgia Higher Education Facilities Authority, USG Real Estate Foundation II LLC Projects                                                              | CUSIP: 373511JD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1718303.30   | 0.09%             | 2039-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | City and County of Denver, Airport System, Series 2022A                                                                                                | CUSIP: 249182QP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5376624.00   | 0.28%             | 2038-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | Public Finance Authority, Cone Health, Series 2022A                                                                                                    | CUSIP: 74447GAB6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6530000 | PA      | $6427010.80   | 0.34%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | City and County of Denver, Airport System, Series 2022A                                                                                                | CUSIP: 249182QN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8750000 | PA      | $9126677.88   | 0.48%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| George L Smith II Congress Center Authority                                     | George L Smith II Congress Center Authority, Convention Center Hotel First, Series 2021A                                                               | CUSIP: 37255MAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2005000 | PA      | $1604316.59   | 0.08%             | 2054-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                       | Maryland Health and Higher Educational Facilities Authority, Lifebridge Health Issue                                                                   | CUSIP: 574218Q30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994385.20    | 0.05%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| King & Pierce Counties Valley Regional Fire Authority                           | King and Pierce Counties Valley Regional Fire Authority, Unlimited Tax, Series 2024                                                                    | CUSIP: 92007ACA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1170068.56   | 0.06%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2021A                                                                                                   | CUSIP: 13048RAJ6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | STIV             | MUN               | US        |   3000000 | PA      | $2999814.90   | 0.16%             | 2041-07-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | Illinois Finance Authority, Northwestern Memorial Healthcare, Series 2021B                                                                             | CUSIP: 45204FME2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | STIV             | MUN               | US        |   1250000 | PA      | $1250000.00   | 0.07%             | 2055-07-15      | Variable      | 3.82%                 | No            |                  2 | On Loan: No      |
| Lee County School Board (The)                                                   | Lee County School Board (The), Series 2023A                                                                                                            | CUSIP: 523494RG9<br>LEI: 54930014H67DITNA1Q29 | Long             | DBT              | MUN               | US        |   6725000 | PA      | $6900997.29   | 0.36%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Allen OH Hospital Facilities Revenue                                  | County of Allen, Hospital Facilities, Bon Secours Mercy Health, Inc., Series 2025A                                                                     | CUSIP: 01757LHG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1960000 | PA      | $2054595.09   | 0.11%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | New York City Municipal Water Finance Authority, Water and Sewer System, Second General Resolution, Fiscal Year 2020, Series 2020CC-2                  | CUSIP: 64972GVY7<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4579955.50   | 0.24%             | 2042-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                | Port of Greater Cincinnati Development Authority, Duke Energy Convention Center Project, Series 2024B                                                  | CUSIP: 734195EB2<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    900000 | PA      | $909347.94    | 0.05%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Mesa AZ Utility System Revenue                                          | City of Mesa Utility System                                                                                                                            | CUSIP: 5905453A5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2274949.20   | 0.12%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Union High School District No. 216 Agua Fria                    | Maricopa County Union High School District No. 216 Agua Fria, Project of 2023 and 2024                                                                 | CUSIP: 567541SG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1387210.63   | 0.07%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of North Las Vegas NV                                                      | City of North Las Vegas, Water and wastewater Reclamation System Limited Tax, Series 2024B                                                             | CUSIP: 660393Y29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1108408.40   | 0.06%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King & Pierce Counties Valley Regional Fire Authority                           | King and Pierce Counties Valley Regional Fire Authority, Unlimited Tax, Series 2024                                                                    | CUSIP: 92007ACB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1126455.78   | 0.06%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | California Community Choice Financing Authority, Clean Energy Project, Series 2021B-1                                                                  | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  19915000 | PA      | $20000128.66  | 1.04%             | 2031-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                      | Tarrant County Cultural Education Facilities Finance Corp., Health Resources System                                                                    | CUSIP: 87638TJU8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5513927.00   | 0.29%             | 2064-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                | Commonwealth Financing Authority, Tobacco Master Settlement Payment                                                                                    | CUSIP: 20282EAJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2620000 | PA      | $2793997.08   | 0.15%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King & Pierce Counties Valley Regional Fire Authority                           | King and Pierce Counties Valley Regional Fire Authority, Unlimited Tax, Series 2024                                                                    | CUSIP: 92007ABY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1100248.20   | 0.06%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp.                                                  | Sales Tax Securitization Corp., Series 2018C                                                                                                           | CUSIP: 79467BBX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10813099.00  | 0.56%             | 2030-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Will County Community Unit School District No. 365-U Valley View                | Will County Community Unit School District No. 365-U Valley View                                                                                       | CUSIP: 969078SY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1567511.18   | 0.08%             | 2036-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2017, Series 2017E1                                                      | CUSIP: 64971W4T4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3069035.10   | 0.16%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mobile County Industrial Development Authority                                  | Mobile County Industrial Development Authority, Calvert LLC Project, Series 2024B                                                                      | CUSIP: 60733UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3039642.90   | 0.16%             | 2054-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue               | New York City Transitional Finance Authority Building Aid, Series 2026, S-1                                                                            | CUSIP: 64972LAR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3405000 | PA      | $3593506.25   | 0.19%             | 2041-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                | California Pollution Control Financing Authority, Poseidon Resources Channelside LP Desalination Project                                               | CUSIP: 13054WBC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1143929.27   | 0.06%             | 2037-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                             | Idaho Housing and Finance Association, Federal Highway Trust, Series 2015A                                                                             | CUSIP: 45129WMR8<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   4800000 | PA      | $4911923.04   | 0.26%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority (The)                                  | Metropolitan Nashville Airport Authority (The), Series 2022B                                                                                           | CUSIP: 592190QY1<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   9470000 | PA      | $9546063.99   | 0.50%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                              | City of Chicago, Series 2025B                                                                                                                          | CUSIP: 167486V71<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2555377.75   | 0.13%             | 2041-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Fort Bend TX Toll Road Revenue                                        | County of Fort Bend Toll Road, Senior Lien                                                                                                             | CUSIP: 346817FQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2038554.80   | 0.11%             | 2045-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wilkes-Barre Area School District/PA                                            | Wilkes-Barre Area School District                                                                                                                      | CUSIP: 968261NP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1319561.85   | 0.07%             | 2044-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Nye County School District                                                      | Nye County School District, Series 2023                                                                                                                | CUSIP: 670692TV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1510249.13   | 0.08%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp.                                              | New York Liberty Development Corp., Secured by Port Authority, Series 1WTC-2021                                                                        | CUSIP: 649519ER2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1405374.60   | 0.07%             | 2044-02-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                 | California County Tobacco Securitization Agency, Los Angeles County Securitization Corp., Series 2020B-2                                               | CUSIP: 13016NFC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $1753005.00   | 0.09%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. IV                               | Texas Municipal Gas Acquisition and Supply Corp. IV, Gas Supply, Series 2023B                                                                          | CUSIP: 88256PAT7<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   6135000 | PA      | $6709499.81   | 0.35%             | 2054-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | Triborough Bridge and Tunnel Authority, MTA Bridges and Tunnels, TBTA Capital Lockbox, Series 2025A                                                    | CUSIP: 896032BB4<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021847.00   | 0.05%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Housing Finance Authority                                   | Hillsborough County Housing Finance Authority, Multi- Family Tampa 47th Street Apartments, Series 2025A                                                | CUSIP: 43232EDE6<br>LEI: 5493003JJ1KK4FWWU787 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000461.40   | 0.05%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | New Jersey Transportation Trust Fund Authority, Transportation Program, Series 2019BB                                                                  | CUSIP: 6461365D9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2122673.00   | 0.11%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                    | Salt River Project Agricultural Improvement and Power District, Arizona Electric System, Series 2017A                                                  | CUSIP: 79574CCT8<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6243229.20   | 0.33%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                         | New York City Housing Development Corp., Series 2025A                                                                                                  | CUSIP: 64966WKK2<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3031002.30   | 0.16%             | 2055-02-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | State of Illinois, Series 2017D                                                                                                                        | CUSIP: 452152Q61<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5175000 | PA      | $5314682.57   | 0.28%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westchester County Local Development Corp.                                      | Westchester County Local Development Corp., Purchase Senior Learning Community, Inc., Project, Series 2021A                                            | CUSIP: 95737TES1<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |   5450000 | PA      | $5123326.46   | 0.27%             | 2041-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                              | Tobacco Settlement Financing Corp., Series 2018A                                                                                                       | CUSIP: 888808HM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3054165.60   | 0.16%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement, Series 2018A                                                            | CUSIP: 6461363N9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   9585000 | PA      | $9746078.80   | 0.51%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                   | Central Texas Turnpike System, Second Tier, Series 2024C                                                                                               | CUSIP: 88283KBY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3357484.50   | 0.18%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                         | Municipal Electric Authority of Georgia, Plant Vogtle Units 3 and 4 Project, Series 2019A                                                              | CUSIP: 626207X25<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2942892.00   | 0.15%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp.                                      | Monroe County Industrial Development Corp., Academy of Health Sciences Charter School Project, Series 2022A                                            | CUSIP: 61075YAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $254885.63    | 0.01%             | 2032-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                   | Main Street Natural Gas, Inc., Gas Supply, Series 2024E                                                                                                | CUSIP: 56035DJJ2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2140019.40   | 0.11%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Community Health System, Series 2021A                                                                          | CUSIP: 13048VC97<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3719669.00   | 0.19%             | 2046-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | Public Finance Authority, Ascend Leadership Academy Project, Series 2021A                                                                              | CUSIP: 744396GS5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1035000 | PA      | $861286.32    | 0.04%             | 2041-06-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                              | Tobacco Settlement Financing Corp., Series 2018A                                                                                                       | CUSIP: 888808HB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6300000 | PA      | $6398003.43   | 0.33%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rocky Mountain Rail Park Metropolitan District                                  | Rocky Mountain Rail Park Metropolitan District, Limited Tax, Series 2021A                                                                              | CUSIP: 774762AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $702034.73    | 0.04%             | 2041-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | New Jersey Transportation Trust Fund Authority, Transportation Program, Series 2022A                                                                   | CUSIP: 64613CAE8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2691685.20   | 0.14%             | 2042-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | Pennsylvania Turnpike Commission, Subordinate, Series 2021B                                                                                            | CUSIP: 709225DT0<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1453784.10   | 0.08%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                    | Massachusetts Bay Transportation Authority Sales Tax,, Series 2006A                                                                                    | CUSIP: 575579LJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5552079.00   | 0.29%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Third Creek Metropolitan District No. 1                                         | Third Creek Metropolitan District No. 1, Limited Tax, Series 2022A-1                                                                                   | CUSIP: 88423EAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1118761.75   | 0.06%             | 2051-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Grand Parkway Transportation Corp.                                              | Grand Parkway Transportation Corp., Grand Parkway System Subordinate Tier, Series 2020C                                                                | CUSIP: 38611TCB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5100000 | PA      | $4440343.05   | 0.23%             | 2045-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                             | North Dakota Housing Finance Agency, Home Mortgage Finance Program, Series 2025A                                                                       | CUSIP: 65889BCG7<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1935734.15   | 0.10%             | 2056-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Housing & Mortgage Finance Corp.                                   | Rhode Island Housing and Mortgage Finance Corp., Homeowenership, Series 84-A                                                                           | CUSIP: 76221SGH8<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |    705000 | PA      | $704853.01    | 0.04%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | California Infrastructure and Economic Development Bank, Brightline West Passenger Rail Project, Series 2025A                                          | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |  16260000 | PA      | $14942827.81  | 0.78%             | 2065-01-01      | Variable      | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, PRG Medford Properties, Inc. Issue Tufts University Student Housing Program                                  | CUSIP: 57585BMU9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1555605.00   | 0.08%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | Indiana Finance Authority, Indiana University Health Obligated Group, Series 2023B1                                                                    | CUSIP: 45470YFL0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3169070.10   | 0.17%             | 2062-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Gallatin MT                                                           | County of Gallatin, Bozeman Fiber Project, Series 2021A                                                                                                | CUSIP: 363671BF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1583165.60   | 0.08%             | 2036-10-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Ontario Public Financing Authority                                              | Ontario Public Financing Authority, Series 2025A                                                                                                       | CUSIP: 68304REK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1864339.80   | 0.10%             | 2055-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                              | Tobacco Settlement Financing Corp., Series 2018A                                                                                                       | CUSIP: 888808HC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8005000 | PA      | $8277174.80   | 0.43%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                  | Lower Colorado River Authority                                                                                                                         | CUSIP: 54811GP46<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $4958075.65   | 0.26%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Ottawa Public Schools                                                      | West Ottawa Public Schools, Unlimited Tax                                                                                                              | CUSIP: 955023VV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1030634.35   | 0.05%             | 2039-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                          | Ohio Air Quality Development Authority, Duke Energy Corp., Series 2022A                                                                                | CUSIP: 677525WV5<br>LEI: 549300DZUU80AYOR6M80 | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1018546.20   | 0.05%             | 2039-11-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp.                                              | Tennessee Energy Acquisition Corp., Gas Project, Series 2023A-1                                                                                        | CUSIP: 880443JF4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |  14065000 | PA      | $14597893.31  | 0.76%             | 2028-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                 | Allegheny County Hospital Development Authority, Allegheny Health Network Obligated Group, Series 2018A                                                | CUSIP: 01728A3Q7<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5258927.50   | 0.27%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri              | Health and Educational Facilities Authority of the State of Missouri, St. Louis University, Series 2008B                                               | CUSIP: 6069014P8<br>LEI: 549300IWTBCMX5JB3277 | Long             | STIV             | MUN               | US        |    500000 | PA      | $500000.00    | 0.03%             | 2035-10-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                     | Long Island Power Authority, Electric System, Series 2024B                                                                                             | CUSIP: 542691KA7<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |  18775000 | PA      | $18737947.54  | 0.98%             | 2049-09-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                        | Build NYC Resource Corp., Grand Concourse Academy Charter School, Series 2022A                                                                         | CUSIP: 12008ESZ0<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    350000 | PA      | $317750.41    | 0.02%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp. Sales Tax, Series A-1                                                                                            | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  14000000 | PA      | $4397989.40   | 0.23%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2020, Series 2020B-1                                                     | CUSIP: 64971XNG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3770000 | PA      | $3646782.45   | 0.19%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Institutional Tax Free Money Market Fund                               | JPMorgan Institutional Tax Free Money Market Fund, Class IM                                                                                            | CUSIP: 46645V725<br>LEI: N/A                  | Long             | STIV             | RF                | US        | 126677984 | NS      | $126690651.82 | 6.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                          | Clifton Higher Education Finance Corp., Idea Public Schools, Series 2019                                                                               | CUSIP: 187145KM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1860000 | PA      | $1828924.79   | 0.10%             | 2037-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | State of Ohio, University Hospitals Health System, Inc., Series 2021E                                                                                  | CUSIP: 67756CFS2<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1613624.36   | 0.08%             | 2038-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                       | Maryland Health and Higher Educational Facilities Authority, Lifebridge Health Issue                                                                   | CUSIP: 574218Q22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000599.30   | 0.05%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp. Sales Tax, Series A-2                                                                                            | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   3500000 | PA      | $3238445.00   | 0.17%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | New York State Dormitory Authority, School Districts Financing Program, Series 2025A                                                                   | CUSIP: 64985SDF7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2476486.22   | 0.13%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Dakota Housing Development Authority                                      | South Dakota Housing Development Authority, Series 2025A                                                                                               | CUSIP: 83756LBS3<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1137023.70   | 0.06%             | 2055-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                   | Main Street Natural Gas, Inc., Gas Supply, Series 2022B                                                                                                | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  28490000 | PA      | $29841340.53  | 1.56%             | 2052-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | State of Illinois, Series 2022A                                                                                                                        | CUSIP: 452153CW7<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12852045.60  | 0.67%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                           | Louisiana Public Facilities Authority, Ochsner Clinic Foundation Project, Series 2025B                                                                 | CUSIP: 546399UQ7<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5462670.00   | 0.28%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                               | State of Colorado, Series 2021A                                                                                                                        | CUSIP: 196711UC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $2938131.95   | 0.15%             | 2039-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Park Ridge Park District                                                        | Park Ridge Park District, Series 2023B                                                                                                                 | CUSIP: 700787CT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $944271.35    | 0.05%             | 2042-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DuPage & Cook Counties Community Unit School District No. 205 Elmhurst          | DuPage and Cook Counties, Community Unit School District No. 205 Elmhurst, Series 2022                                                                 | CUSIP: 262588MH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $952687.08    | 0.05%             | 2042-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                    | South Carolina State Housing Finance and Development Authority, Series 2025B                                                                           | CUSIP: 83712D8U3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5690372.50   | 0.30%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                         | Montgomery County Higher Education and Health Authority, Series 2022B                                                                                  | CUSIP: 613603G94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1902388.00   | 0.10%             | 2057-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clear Creek Transit Metropolitan District No. 2                                 | Clear Creek Transit Metropolitan District No. 2, Limited Tax, Series 2021A                                                                             | CUSIP: 184542AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    574000 | PA      | $438044.31    | 0.02%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                       | New York Transportation Development Corp., JFK International Airport New Terminal One Project, Series 2024A                                            | CUSIP: 650116HV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2914959.30   | 0.15%             | 2054-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | New York State Dormitory Authority, Personal Income Tax, Series 2019D                                                                                  | CUSIP: 64990FPV0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1302790.50   | 0.07%             | 2047-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                   | Main Street Natural Gas, Inc., Gas Supply, Series 2023A                                                                                                | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1243779.80   | 0.06%             | 2030-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp. Sales Tax, Series A-1                                                                                            | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  12391000 | PA      | $11331313.01  | 0.59%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                     | San Diego County Regional Airport Authority, Senior Private Activity                                                                                   | CUSIP: 79739GTA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4561120.08   | 0.24%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                       | New York Transportation Development Corp., JFK International Airport New Terminal One Project, Series 2023                                             | CUSIP: 650116GU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1791866.13   | 0.09%             | 2042-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                                      | Intermountain Power Agency, Utah Powe Supply, Series 2022A                                                                                             | CUSIP: 45884AB28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3855000 | PA      | $4032122.60   | 0.21%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                                      | Maryland Stadium Authority, Built to Learn                                                                                                             | CUSIP: 574294CV4<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3506433.00   | 0.18%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | Black Belt Energy Gas District, Gas Project, Series 2022B-1                                                                                            | CUSIP: 09182TBC0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   8455000 | PA      | $8544242.53   | 0.45%             | 2053-04-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | New York State Dormitory Authority, Pace University, Series 2024A                                                                                      | CUSIP: 65000B4Y1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1045093.88   | 0.05%             | 2049-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                | Washington Metropolitan Area Transit Authority Dedicated, Series 2024A                                                                                 | CUSIP: 93878YDW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10690000 | PA      | $9732772.50   | 0.51%             | 2056-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                       | New York Transportation Development Corp., JFK International Airport New Terminal One Project, Series 2023                                             | CUSIP: 650116GW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2285484.08   | 0.12%             | 2044-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | New York State Dormitory Authority, Memorial Sloan Kettering Cancer Center, Series 2025 2-B                                                            | CUSIP: 64985SBY8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2185282.00   | 0.11%             | 2049-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2022, Series 2022F, Subseries F-1                                        | CUSIP: 64971XT81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1656658.16   | 0.09%             | 2038-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                       | City of Salt Lake City, International Airport, Series 2025A                                                                                            | CUSIP: 795576MX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1541884.65   | 0.08%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | City of New York, Fiscal Year 2024, Series 2024D                                                                                                       | CUSIP: 64966SCN4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3156902.40   | 0.16%             | 2048-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                            | County of Jefferson sewer                                                                                                                              | CUSIP: 472682ZG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4242382.00   | 0.22%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mountain View Los Altos Union High School District/CA                           | Mountain View-Los Altos Union High School District, Election of 2010, Series C                                                                         | CUSIP: 624454KR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $957264.40    | 0.05%             | 2027-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                 | Allegheny County Hospital Development Authority, Allegheny Health Network Obligated Group, Series 2018A                                                | CUSIP: 01728A3R5<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3978235.58   | 0.21%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | Metropolitan Transportation Authority, Series 2024B                                                                                                    | CUSIP: 59261A3L9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2049692.60   | 0.11%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Verve Metropolitan District No. 1                                               | Verve Metropolitan District No. 1                                                                                                                      | CUSIP: 92538YAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2022072.40   | 0.11%             | 2033-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                          | Downtown Revitalization Public Infrastructure District, Second Lien Sales Tax SEG Redevelopment Project, Series 2025B                                  | CUSIP: 26118TBU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046656.80   | 0.05%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Multnomah & Clackamas Counties School District No. 10JT Gresham-Barlow          | Multnomah and Clackamas Counties School District No. 10JT Gresham-Barlow, Series B                                                                     | CUSIP: 625482GF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $4567542.70   | 0.24%             | 2035-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL Sales Tax Revenue                                             | County of Cook, Sales Tax                                                                                                                              | CUSIP: 213248BT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3760750.44   | 0.20%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                               | State of Colorado, Series 2020A                                                                                                                        | CUSIP: 196711SK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1369548.60   | 0.07%             | 2039-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                        | New Hampshire Business Finance Authority, Winston Salem Sustainable Energy Partners, Series 2025A                                                      | CUSIP: 63607YCW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2033257.40   | 0.11%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of DeKalb GA Water & Sewerage Revenue                                    | County of DeKalb, Water and Sewerage, Series 2006B                                                                                                     | CUSIP: 240523UJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5673309.95   | 0.30%             | 2026-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Power Authority                                                        | New York Power Authority, Green Transmission Project, Series 2023A                                                                                     | CUSIP: 65000XBU3<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3021393.60   | 0.16%             | 2053-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | State of Connecticut, Series 2022E                                                                                                                     | CUSIP: 20772KSM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2815000 | PA      | $3097959.58   | 0.16%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                      | Michigan Finance Authority, Trinity Health Credit Group, Series 2013MI-4                                                                               | CUSIP: 59447TYB3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $969328.10    | 0.05%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Redevelopment Authority of the City of Philadelphia                             | Redevelopment Authority of the City of Philadelphia, Service Agreement, Series 2024B                                                                   | CUSIP: 717868JQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1128835.51   | 0.06%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Center City MN                                                          | City of Center City, Health Care Facilities, Hazelden Betty Ford Foundation Project, Series 2025                                                       | CUSIP: 151452CR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972781.80    | 0.05%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Goshen IN                                                               | City of Goshen, Multi-Family, Green Oaks of Goshen Project, Series 2021A                                                                               | CUSIP: 38327MAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $610649.93    | 0.03%             | 2041-08-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Pasadena Independent School District                                            | Pasadena Independent School District, Unlimited Tax                                                                                                    | CUSIP: 702334GZ0<br>LEI: 549300QY114RR4MXVU24 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5089401.50   | 0.27%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Raindance Metropolitan District No. 1 Non-Potable Water System Revenue          | Raindance Metropolitan District No. 1, Non-Potable Water System                                                                                        | CUSIP: 75087GAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    746000 | PA      | $700072.51    | 0.04%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                            | Tennessee Housing Development Agency, Series 2025-1A                                                                                                   | CUSIP: 88046KQU3<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2878198.70   | 0.15%             | 2056-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Grand Parkway Transportation Corp.                                              | Grand Parkway Transportation Corp., Grand Parkway System Subordinate Tier, Series 2018A                                                                | CUSIP: 38611TBQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4041309.60   | 0.21%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Menlo Park City School District                                                 | Menlo Park City School District, Capital Appreciation                                                                                                  | CUSIP: 586840MU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $606333.63    | 0.03%             | 2041-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                       | New York Transportation Development Corp., JFK International Airport New Terminal One Project, Series 2023                                             | CUSIP: 650116GX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1443317.40   | 0.08%             | 2049-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp.                                                  | Sales Tax Securitization Corp., Series 2018C                                                                                                           | CUSIP: 79467BCA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22820000 | PA      | $24441226.36  | 1.27%             | 2032-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                              | City of Detroit, Unlimited Tax, Series 2021A                                                                                                           | CUSIP: 2510934Y3<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    475000 | PA      | $494284.00    | 0.03%             | 2037-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                                | Virginia Public School Authority, 1997 Resolution, Series 2025A                                                                                        | CUSIP: 92818HH61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2210000 | PA      | $2431392.28   | 0.13%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                          | Illinois Housing Development Authority, Series 2025A                                                                                                   | CUSIP: 45203MK34<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1129538.00   | 0.06%             | 2055-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | Triborough Bridge and Tunnel Authority, Series 2018D                                                                                                   | CUSIP: 89602RGH2<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3909664.00   | 0.20%             | 2038-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | California Health Facilities Financing Authority, PIH Health, Series 2020A                                                                             | CUSIP: 13032UWP9<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1651558.40   | 0.09%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                       | New York Transportation Development Corp., Delta Air Lines, Inc., LaGuardia Airport Terminals C&D Redevelopment Project, Series 2018                   | CUSIP: 650116CJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6230000 | PA      | $6389712.28   | 0.33%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                       | New York Transportation Development Corp., Delta Air Lines, Inc., LaGuardia Airport Terminals C&D Redevelopment Project                                | CUSIP: 650116CH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1438518.06   | 0.08%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Tobacco Securitization Corp.                                           | Northern Tobacco Securitization Corp., Tobacco Settlement Asset-Backed Senior Capital Appreciation, Series 2021B-2, Class 2                            | CUSIP: 66585VCB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10385000 | PA      | $1170336.54   | 0.06%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                     | Long Island Power Authority, Electric System                                                                                                           | CUSIP: 542691LD0<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | STIV             | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.16%             | 2055-09-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                       | New York Transportation Development Corp., Delta Air Lines, Inc., LaGuardia Airport Terminals C&D Redevelopment Project                                | CUSIP: 650116DA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1466092.58   | 0.08%             | 2045-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                           | Louisiana Public Facilities Authority, Mentorship Steam Academy Project, Series 2021A                                                                  | CUSIP: 546399LN4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    385000 | PA      | $356704.35    | 0.02%             | 2036-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Utility Debt Securitization Authority                                           | Utility Debt Securitization Authority                                                                                                                  | CUSIP: 91802RBV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5269452.30   | 0.27%             | 2037-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                           | North Carolina Housing Finance Agency, Homeownership-1998 Trust, Series 55-A                                                                           | CUSIP: 65820BBA3<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   6980000 | PA      | $7734077.32   | 0.40%             | 2055-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | Port Authority of New York and New Jersey, Consolidated, Series 223                                                                                    | CUSIP: 73358XAU6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2975000 | PA      | $2775959.41   | 0.14%             | 2039-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                | California Pollution Control Financing Authority, Poseidon Resources Channelside LP Desalination Project                                               | CUSIP: 13054WBB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1146761.31   | 0.06%             | 2036-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | California Statewide Communities Development Authority, Loma Linda University Medical Center, Series 2016A                                             | CUSIP: 13080SML5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1821346.40   | 0.09%             | 2056-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                            | Colorado Health Facilities Authority, CommonSpirit Health, Series 2019A-2                                                                              | CUSIP: 19648FKJ2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2114732.60   | 0.11%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana Gasoline & Fuels Tax Revenue                                 | State of Louisiana Gasoline and Fuels Tax, Second Lien, Series 2025A                                                                                   | CUSIP: 546475WX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2150732.20   | 0.11%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Convention Center Development Corp.                                    | New York Convention Center Development Corp., Subordinate Lien, Hotel Unit Fee Secured, Series B                                                       | CUSIP: 649451GX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9315000 | PA      | $2657444.68   | 0.14%             | 2049-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                            | Colorado Health Facilities Authority, CommonSpirit Health, Series 2019A-2                                                                              | CUSIP: 19648FKH6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064520.80   | 0.06%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Hills Community College District                                           | West Hills Community College District                                                                                                                  | CUSIP: 95330NCN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1665801.06   | 0.09%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | New Jersey Economic Development Authority, School Facilities Construction, Series 2019LLL                                                              | CUSIP: 64577B7J7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061558.20   | 0.06%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Carroll KY                                                            | County of Carroll, Kentucky Environmental Facilities, Series 2008A                                                                                     | CUSIP: 14483RAV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11025000 | PA      | $9556249.50   | 0.50%             | 2032-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Industrial Development Authority                            | Hillsborough County Industrial Development Authority, Baycare Health System, Series 2024E                                                              | CUSIP: 43233KAX2<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.16%             | 2054-11-15      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority (The)                                  | Metropolitan Nashville Airport Authority (The), Subordinate Airport, Series 2019A                                                                      | CUSIP: 592190NL2<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1682738.40   | 0.09%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lake Havasu City AZ Wastewater System Revenue                           | City of Lake Havasu City Wastewater System, Senior Lien                                                                                                | CUSIP: 50989RAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1408069.39   | 0.07%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Prince William County Service Authority                                         | Prince William County Service Authority, Water and Sewer System                                                                                        | CUSIP: 741765HL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1101324.70   | 0.06%             | 2038-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona (The)           | Industrial Development Authority of The City of Phoenix, Downtown Phoenix Student Housing LLC - Arizona State University Project, Series 2018A         | CUSIP: 71885DCT7<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    700000 | PA      | $728017.29    | 0.04%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                           | Louisiana Public Facilities Authority, Mentorship Steam Academy Project, Series 2021A                                                                  | CUSIP: 546399LP9<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    705000 | PA      | $547355.87    | 0.03%             | 2051-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Peace River Manasota Regional Water Supply Authority                            | Peace River Manasota Regional Water Supply Authority, Utility System, Series 2025A                                                                     | CUSIP: 704612GM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2092875.20   | 0.11%             | 2046-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                        | Arizona Industrial Development Authority, Great Lakes Senior Living Communities LLC Project, Series 2025A-2                                            | CUSIP: 04052TDC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6665000 | PA      | $6004145.26   | 0.31%             | 2059-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                     | Washington State Housing Finance Commission, Blakeley and Laurel Villages Portfolio                                                                    | CUSIP: 93978LJP2<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4867626.50   | 0.25%             | 2060-07-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Menlo Park City School District                                                 | Menlo Park City School District, Capital Appreciation                                                                                                  | CUSIP: 586840MP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $731648.98    | 0.04%             | 2036-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                 | Indianapolis Local Public Improvement Bond Bank, Indianapolis Public Transportation Corp. Project, Series 2025A                                        | CUSIP: 45527CDM1<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    600000 | PA      | $665950.26    | 0.03%             | 2031-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp.                                   | New York State Environmental Facilities Corp., State Clean Water and Drinking Water Revolving Funds, Municipal Water Finance Authority Projects - Seco | CUSIP: 64986DLH6<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |   7515000 | PA      | $7582241.97   | 0.40%             | 2038-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                        | Arizona Industrial Development Authority, Equitable School Revolving Fund LLC, Series 2022A                                                            | CUSIP: 04052FDJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1855904.86   | 0.10%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri State Environmental Improvement & Energy Resources Authority           | Missouri State Environmental Improvement and Energy Resources Authority, Union Improvement Co. Project, Series 1998C                                   | CUSIP: 606907BF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3165048.25   | 0.17%             | 2033-09-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| County of Boone KY                                                              | County of Boone, Duke Energy Kentucky, Inc., Series 2008A                                                                                              | CUSIP: 098792AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5220000 | PA      | $5277128.72   | 0.28%             | 2027-08-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| New York Power Authority                                                        | New York Power Authority, Green Transmission Project, Series 2023A                                                                                     | CUSIP: 65000XBV1<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3289611.00   | 0.17%             | 2058-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | Port Authority of New York and New Jersey, Consolidated, Series 93                                                                                     | CUSIP: 733580S88<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6010348.80   | 0.31%             | 2094-06-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp.                                                  | Empire State Development Corp., State Sales Tax, Series 2019A                                                                                          | CUSIP: 64985TAM3<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |  10080000 | PA      | $9252167.90   | 0.48%             | 2042-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Henry County Water Authority                                                    | Henry County, Water and Sewerage Authority                                                                                                             | CUSIP: 426366BV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5347863.00   | 0.28%             | 2028-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                              | City of Chicago, Series 2019A                                                                                                                          | CUSIP: 167486E39<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1909167.80   | 0.10%             | 2049-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                         | Massachusetts Water Resources Authority, Green Bond, Series 2016C                                                                                      | CUSIP: 576051PN0<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1909057.00   | 0.10%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Bernalillo NM Gross Receipts Tax Revenue                              | County of Bernalillo Gross Receipts Tax, Series 1996B                                                                                                  | CUSIP: 08527NFL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $363424.31    | 0.02%             | 2027-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                        | Arizona Industrial Development Authority, Equitable School Revolving Fund LLC, Series 2022A                                                            | CUSIP: 04052FDG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1652554.36   | 0.09%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | Indiana Finance Authority, CHF- Tippecanoe LLC- Student Housing Project, Series 2023A                                                                  | CUSIP: 45471FAD3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    400000 | PA      | $406519.44    | 0.02%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                          | City of Minneapolis, Health Care System, Fairview Health Services, Series 2018A                                                                        | CUSIP: 60374VEC3<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   6230000 | PA      | $5907322.13   | 0.31%             | 2037-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                | Ohio Water Development Authority, Drinking Water Assistance, Series 2025A                                                                              | CUSIP: 67765QSW7<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2127280.80   | 0.11%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                     | Washington State Housing Finance Commission, Rockwood Retirement Communities Project, Series 2020A                                                     | CUSIP: 939783C95<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1870353.60   | 0.10%             | 2041-01-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2021, Series 2021A                                                       | CUSIP: 64971XSA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10575000 | PA      | $10068035.56  | 0.53%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                         | County of Miami-Dade, Building Better Communities Program, Series 2016A                                                                                | CUSIP: 59333FSS0<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   5355000 | PA      | $5432495.42   | 0.28%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Campbell WY                                                           | County of Campbell, Solid Waste Facilities, Basin Electric Power Co-operative, Dry Fork Station Facilities, Series 2019A                               | CUSIP: 134340AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13570000 | PA      | $11823367.30  | 0.62%             | 2039-07-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | State of Illinois, Series 2019C                                                                                                                        | CUSIP: 4521525X5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5880000 | PA      | $5048018.81   | 0.26%             | 2042-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                              | City of Houston, Combined Utility System, Junior Lien, Series 2002A                                                                                    | CUSIP: 4424362G5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2372963.20   | 0.12%             | 2032-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                           | Montgomery County Industrial Development Authority, Acts Retirement-Life Communities, Inc., Obligated Group, Series 2020C                              | CUSIP: 61360PCL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $257909.37    | 0.01%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Power Authority                                                        | New York Power Authority, Series 2024A                                                                                                                 | CUSIP: 64989KMG8<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $2771305.28   | 0.14%             | 2049-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                      | Tarrant County Cultural Education Facilities Finance Corp., Retirement Facility, MRC Stevenson Oaks Project, Series 2020B-1                            | CUSIP: 87638RKJ5<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   2490000 | PA      | $2449926.44   | 0.13%             | 2027-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                            | State of Mississippi, Series 2018A                                                                                                                     | CUSIP: 605581LE5<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |  14500000 | PA      | $14221894.35  | 0.74%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No. 40                                         | Multnomah County School District No. 40, Series A                                                                                                      | CUSIP: 625693HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $893139.88    | 0.05%             | 2034-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | New York State Dormitory Authority, State Personal Income Tax, General Purpose, Series 2021E                                                           | CUSIP: 64990FL44<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6362335.70   | 0.33%             | 2042-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | Chicago O'Hare International Airport, General Airport, Senior Lien, Series 2024B                                                                       | CUSIP: 1675935D0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2008642.00   | 0.10%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Pflugerville TX                                                         | City of Pflugerville, Combination Tax, Series 2023A                                                                                                    | CUSIP: 717088AW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2260000 | PA      | $1930066.44   | 0.10%             | 2053-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                 | California County Tobacco Securitization Agency, Los Angeles County Securitization Corp., Series 2020A                                                 | CUSIP: 13016NEK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $413323.68    | 0.02%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson County Port Authority                                                 | Jefferson County Port Authority, JSW Steel USA Ohio, Inc., Project, Series 2023                                                                        | CUSIP: 473318AB9<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   9105000 | PA      | $9123673.44   | 0.48%             | 2028-12-01      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                  | Buckeye Tobacco Settlement Financing Authority, Series 2020B-3, Class 2                                                                                | CUSIP: 118217DA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20400000 | PA      | $1784773.56   | 0.09%             | 2057-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** JPMorgan Trust I

**Signature:** Timothy J. Clemens

**Name of Signer:** Timothy J. Clemens

**Title:** Treasurer and Principal Financial Officer