# EDGAR Filing Document

**Accession Number:** 0000701817
**File Stem:** 0002048251-25-001432
**Filing Date:** 2025-10
**Character Count:** 205886
**Document Hash:** 5c4d78df2e7c342c2aba6df22c3364ce
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-001432.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0002048251-25-001432

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SEI TAX EXEMPT TRUST
- **CENTRAL INDEX KEY:** 0000701817

**ORGANIZATION NAME:**
- **EIN:** 236741646
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03447
- **FILM NUMBER:** 251432931

**BUSINESS ADDRESS:**
- **STREET 1:** SEI INVESTMENTS
- **STREET 2:** 1 FREEDOM VALLEY CIRCLE
- **CITY:** OAK
- **STATE:** PA
- **ZIP:** 19456
- **BUSINESS PHONE:** 610 676-3097

**MAIL ADDRESS:**
- **STREET 1:** SEI INVESTMENTS
- **STREET 2:** 1 FREEDOM VALLEY CIRCLE
- **CITY:** OAK
- **STATE:** PA
- **ZIP:** 19456

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRUSTFUNDS TAX EXEMPT TRUST
- **DATE OF NAME CHANGE:** 19890123

## Series and Classes Contracts Data

### STET TAX-ADVANTAGED INCOME FUND (Series ID: S000016947)

| Class ID   | Class Name                                                                        | Ticker Symbol   |
|:---|:---|:---|
| C000047166 | STET TAX-ADVANTAGED INCOME FUND - CLASS F, effective 1-31-2017 (formerly Class A) | SEATX           |
| C000147418 | STET TAX-ADVANTAGED INCOME FUND - CLASS Y                                         | STAYX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SEI TAX EXEMPT TRUST

- **b. Investment Company Act file number:** 811-03447

- **c. CIK number of Registrant:** 0000701817

- **d. LEI of Registrant:** 549300HVETA65JWIV692

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

  - **Street Address 1:** ONE FREEDOM VALLEY DRIVE

  - **City:** OAKS

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19456

  - **Telephone number:** 8003425734

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

- **a. Name of Series:** TAX-ADVANTAGED INCOME FUND

- **b. EDGAR series identifier (if any):** S000016947

- **c. LEI of Series:** BO19KTB7OI9ADSWXP893

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

- **a. Date of fiscal year-end:** 2025-08-31

- **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:** $834188710.94

**Total Liabilities:** $6740673.07

**Net Assets:** $827448037.87

**Cash Not Reported:** $866164.97

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1275.07966302 | **1-Year:** -19880.30388498 | **5-Year:** -60400.92459125 | **10-Year:** -139610.66429894 | **30-Year:** -61333.47746435

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

- **3-Month:** -1304.36840398 | **1-Year:** -16331.23944196 | **5-Year:** -38500.19999509 | **10-Year:** -102614.30922406 | **30-Year:** -74877.72497906

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000047166 | 0.24%                | -0.74%               | 0.15%                |
| Class ID C000147418 | 0.15%                | -0.61%               | 0.17%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-542701.64              | $-744473.97                                |
| Month 2  | $-363958.71              | $-8510646.40                               |
| Month 3  | $59039.06                | $-888997.36                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| VIRGINIA SMALL BUSINESS FING AUTH HEALTHCARE FACS REV                                | VIRGINIA ST SMALL BUSINESS FIN VIRGINIA SMALL BUSINESS FINANCING AUTHORITY        | CUSIP: 928105BZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1677112.00   | 0.20%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL TR AGY FLA SR LIVING REV                                                     | CAPITAL TRUST AGY FL SENIOR LI CAPITAL TRUST AGENCY INC                           | CUSIP: 140542BR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $16875.00     | 0.00%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                          | ILLINOIS ST STATE OF ILLINOIS                                                     | CUSIP: 452152Y21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2509017.75   | 0.30%             | 2037-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SARASOTA CNTY FLA HEALTH FACS AUTH RETIREMENT FAC REV                                | SARASOTA CNTY FL HLTH FACS AUT SARASOTA COUNTY HEALTH FACILITIES AUTHORITY        | CUSIP: 80329UBH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $640345.86    | 0.08%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS TOLL REV                                                         | PUBLIC FIN AUTH WI TOLL REVENU PUBLIC FINANCE AUTHORITY                           | CUSIP: 74448UAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4800000 | PA      | $4689253.44   | 0.57%             | 2065-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH & EDL FACS AUTH REV                                              | WISCONSIN ST HLTH & EDUCTNL FA WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORIT | CUSIP: 97712DP75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1214319.15   | 0.15%             | 2048-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                                                 | JPMORGAN CHASE & CO 3.650000% MATURITY: PERPETUAL                                 | CUSIP: 48128BAN1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2267298.60   | 0.27%             | 2173-09-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY OHIO SR LIVING REV                                                   | MONTGOMERY CNTY OH SENIOR LIVI COUNTY OF MONTGOMERY OH                            | CUSIP: 613554AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1508211 | PA      | $18852.64     | 0.00%             | 2049-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH CHARTER SCH REV                                              | CALIFORNIA ST SCH FIN AUTH CHR CALIFORNIA SCHOOL FINANCE AUTHORITY                | CUSIP: 13058TDR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $600000.00    | 0.07%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED                                      | AUSTRALIA & NEW ZEALAND BANKING GROUP LTD/UNITED K 6.750000% MATURITY: PERPETUAL  | CUSIP: 05254HAA2<br>LEI: N/A                  | Long             | DBT              | NUSS              | AU        |   6900000 | PA      | $6991203.79   | 0.84%             | 2173-12-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LIBERTY N Y DEV CORP REV                                                             | LIBERTY DEV CORP NY REVENUE NEW YORK LIBERTY DEVELOPMENT CORP                     | CUSIP: 531127CM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1137622.00   | 0.14%             | 2037-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| METLIFE, INC.                                                                        | MetLife Inc PREFERRED STOCK                                                       | CUSIP: 59156R876<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               |  | US        |      7914 | NS      | $194684.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PORT ISABEL TEX                                                                      | PORT ISABEL TX CITY OF PORT ISABEL TX                                             | CUSIP: 734523DV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $901391.00    | 0.11%             | 2049-02-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| VILLAGE CMNTY DEV DIST NO 15 FLA SPL ASSMT REV                                       | VILLAGE CDD NO 15 SPL ASSMNT R VILLAGE COMMUNITY DEVELOPMENT DISTRICT NO 15       | CUSIP: 92708KAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $891457.60    | 0.11%             | 2055-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| United States of America                                                             | TREASURY BILL 0.000000% 10/09/2025                                                | CUSIP: 912797QE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8800000 | PA      | $8762058.54   | 1.06%             | 2025-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES INCORPORATED                                                   | HUNTINGTON BANCSHARES INC/OH 4.450000% MATURITY: PERPETUAL                        | CUSIP: 446150AV6<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   5648000 | PA      | $5565221.78   | 0.67%             | 2174-01-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEV FING AUTH PRIVATE ACTIVITY REV                             | PENNSYLVANIA ST ECON DEV FING PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHOR  | CUSIP: 70868YAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4802870.50   | 0.58%             | 2053-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BANQUE DE MONTREAL                                                                   | BANK OF MONTREAL 6.875000% 11/26/2085                                             | CUSIP: 06368L8V1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | NUSS              | CA        |    800000 | PA      | $804908.00    | 0.10%             | 2085-11-26      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ATLANTIC BEACH FLA HEALTH CARE FACS REV                                              | ATLANTIC BEACH FL HLTH CARE FA CITY OF ATLANTIC BEACH FL                          | CUSIP: 048251BR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1325276.26   | 0.16%             | 2043-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| KALISPELL MONT HSG & HEALTHCARE FACS REV                                             | KALISPELL MT HSG & HLTHCARE FA CITY OF KALISPELL MT                               | CUSIP: 48342YAS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1258717.80   | 0.15%             | 2052-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EQUITABLE HOLDINGS, INC.                                                             | Equitable Holdings Inc PREFERRED STOCK                                            | CUSIP: 29452E200<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EP               |  | US        |     24094 | NS      | $515370.66    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BANK OF NOVA SCOTIA                                                              | BANK OF NOVA SCOTIA/THE 8.625000% 10/27/2082                                      | CUSIP: 0641598S8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | NUSS              | CA        |   3200000 | PA      | $3389171.20   | 0.41%             | 2082-10-27      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                                                       | CITIGROUP INC 6.950000% MATURITY: PERPETUAL                                       | CUSIP: 17327CAV5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1269240.00   | 0.15%             | 2174-05-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL, INC.                                                           | COREBRIDGE FINANCIAL INC 6.875000% 12/15/2052                                     | CUSIP: 21871XAP4<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1551225.32   | 0.19%             | 2052-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL WASTEWATER TRANSMISSION REV                                              | CHICAGO IL WSTWTR TRANSMISSION CITY OF CHICAGO IL WASTEWATER TRANSMISSION REVENUE | CUSIP: 167727C46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013165.40   | 0.12%             | 2053-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH REV                                                                | MICHIGAN ST FIN AUTH REVENUE MICHIGAN FINANCE AUTHORITY                           | CUSIP: 59447TJ20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $1345175.00   | 0.16%             | 2045-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| KANSAS ST DEV FIN AUTH REV                                                           | KANSAS ST DEV FIN AUTH REVENUE KANSAS DEVELOPMENT FINANCE AUTHORITY               | CUSIP: 48542RCA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $870830.57    | 0.11%             | 2038-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING AUTH PRIVATE ACTIVITY REV                               | VIRGINIA SMALL BUSINESS FING A VIRGINIA SMALL BUSINESS FINANCING AUTHORITY        | CUSIP: 928097AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2358819.50   | 0.29%             | 2049-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| POLK CNTY FLA INDL DEV AUTH INDL DEV REV                                             | POLK CNTY FL INDL DEV AUTH POLK COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL        | CUSIP: 731120NQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3365000 | PA      | $1850750.00   | 0.22%             | 2033-01-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                                                       | ING GROEP NV 5.750000% MATURITY: PERPETUAL                                        | CUSIP: 456837AR4<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | NUSS              | NL        |   4600000 | PA      | $4606665.40   | 0.56%             | 2173-11-16      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV                              | CALIFORNIA CMNTY CHOICE FING A CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY    | CUSIP: 13013JDD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $1068820.84   | 0.13%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FARMS NEW KENT VA CMNTY DEV AUTH SPL ASSMT                                           | FARMS NEW KENT VA CMNTY DEV AU FARMS NEW KENT COMMUNITY DEVELOPMENT AUTHORITY     | CUSIP: 311551AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2256995.04   | 0.27%             | 2036-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CAPITAL TR AGY FLA REV                                                               | CAPITAL TRUST AGY FL REVENUE CAPITAL TRUST AGENCY INC                             | CUSIP: 14052WCW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $19416.25     | 0.00%             | 2037-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH REV                                                        | COLORADO ST HLTH FACS AUTH REV COLORADO HEALTH FACILITIES AUTHORITY               | CUSIP: 19648FZG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074280.90   | 0.13%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                  | GLADIEUX METALS RECYCLING RATE  14.35 MATURITY DATE 10/19/2025                    | CUSIP: WHLNBR9Q8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1200566 | PA      | $1200565.76   | 0.15%             | 2025-10-19      | Fixed         | 14.36%                | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMN                                                          | WASHINGTON ST HSG FIN COMMISSI WASHINGTON STATE HOUSING FINANCE COMMISSION        | CUSIP: 93978UAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1988939 | PA      | $1866142.05   | 0.23%             | 2050-03-01      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV                                        | PUERTO RICO SALES TAX FING COR PUERTO RICO SALES TAX FINANCING CORP SALES TAX REV | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  12100000 | PA      | $3801119.41   | 0.46%             | 2046-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BRAZORIA CNTY TEX INDL DEV CORP SOLID WASTE DISP FACS REV                            | BRAZORIA CNTY TX INDL DEV CORP BRAZORIA COUNTY INDUSTRIAL DEVELOPMENT CORP        | CUSIP: 10604PAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3280790 | PA      | $820197.54    | 0.10%             | 2043-06-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                               | FREDDIE MAC STRUCTURED PASS TH FREDDIE MAC MULTIFAMILY ML CERTIFICATES            | CUSIP: 3137HCXR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3071067 | PA      | $3124377.89   | 0.38%             | 2040-10-25      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| PAYNE CNTY OKLA ECONOMIC DEV AUTH REV                                                | PAYNE CNTY OK ECON DEV AUTH RE PAYNE COUNTY ECONOMIC DEVELOPMENT AUTHORITY        | CUSIP: 704387AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1081384 | PA      | $4541.81      | 0.00%             | 2046-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| RENAISSANCERE HOLDINGS LTD.                                                          | RenaissanceRe Holdings Ltd PREFERRED STOCK                                        | CUSIP: G7498P127<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EP               |  | BM        |     55141 | NS      | $902658.17    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| WISCONSIN HEALTH & EDL FACS AUTH SR LIVING REV                                       | WISCONSIN HLTH EDL FACS AUTH S WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORIT | CUSIP: 97671VBG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $247176.36    | 0.03%             | 2043-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                                                        | GOLDMAN SACHS GROUP INC/THE 7.500000% MATURITY: PERPETUAL                         | CUSIP: 38141GA79<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3464125.50   | 0.42%             | 2173-11-10      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS REV                                                              | PUBLIC FIN AUTH WI REVENUE PUBLIC FINANCE AUTHORITY                               | CUSIP: 74442PJV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5070000 | PA      | $2281500.00   | 0.28%             | 2048-01-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV                                          | NEW YORK CITY NY TRANSITIONAL NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTUR  | CUSIP: 64971XYB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $692757.80    | 0.08%             | 2051-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS P.L.C.                                                            | BP CAPITAL MARKETS PLC 6.125000% MATURITY: PERPETUAL                              | CUSIP: 05565QDX3<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | NUSS              | US        |   2700000 | PA      | $2752752.60   | 0.33%             | 2174-06-18      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                          | FREDDIE MAC MULTIFAMILY ML CERTIFICATES FRETE 2023-ML17 A                         | CUSIP: 3137HAMK9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1968038 | PA      | $1694240.50   | 0.20%             | 2043-04-25      | Floating      | 3.08%                 | No            |                  2 | On Loan: No      |
| NORTHWEST TEX INDPT SCH DIST                                                         | NORTHWEST TX INDEP SCH DIST NORTHWEST INDEPENDENT SCHOOL DISTRICT                 | CUSIP: 667826HF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4040959.60   | 0.49%             | 2055-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PAYNE CNTY OKLA ECONOMIC DEV AUTH REV                                                | PAYNE CNTY OK ECON DEV AUTH RE PAYNE COUNTY ECONOMIC DEVELOPMENT AUTHORITY        | CUSIP: 704387AG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2162768 | PA      | $9083.63      | 0.00%             | 2051-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH STEWARDSHIP DIST FLA SPL ASSMT REV                                    | LAKEWOOD RANCH FL STEWARDSHIP LAKEWOOD RANCH STEWARDSHIP DISTRICT                 | CUSIP: 51265KGJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1343308.93   | 0.16%             | 2040-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N J                                                     | TOBACCO SETTLEMENT FING CORP N TOBACCO SETTLEMENT FINANCING CORP                  | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $605479.96    | 0.07%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NSTAR ELECTRIC COMPANY                                                               | NSTAR Electric Co PREFERRED STOCK                                                 | CUSIP: 67021C305<br>LEI: 54930080R72Y2Z31UR68 | Long             | EP               |  | US        |     10708 | NS      | $835224.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| VOYA FINANCIAL, INC.                                                                 | Voya Financial Inc PREFERRED STOCK                                                | CUSIP: 929089209<br>LEI: 549300T065Z4KJ686G75 | Long             | EP               |  | US        |     94605 | NS      | $2234570.10   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| WEBSTER FINANCIAL CORPORATION                                                        | Webster Financial Corp PREFERRED STOCK                                            | CUSIP: 947890505<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EP               |  | US        |     42631 | NS      | $856883.10    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH CHARTER SCH REV                                              | CALIFORNIA ST SCH FIN AUTH CHR CALIFORNIA SCHOOL FINANCE AUTHORITY                | CUSIP: 13058TDQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $600000.00    | 0.07%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BERKS CNTY PA MUN AUTH REV                                                           | BERKS CNTY PA MUNI AUTH BERKS COUNTY MUNICIPAL AUTHORITY/THE                      | CUSIP: 084538JF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    289000 | PA      | $300496.85    | 0.04%             | 2034-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPT BD BK                                                  | INDIANAPOLIS IN LOCAL PUBLIC I INDIANAPOLIS LOCAL PUBLIC IMPROVEMENT BOND BANK    | CUSIP: 45528U6W6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $3118968.43   | 0.38%             | 2043-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TEXAS MUN GAS ACQUISITION & SUPPLY CORP I GAS SUPPLY REV                             | TEXAS ST MUNI GAS ACQUISITION TEXAS MUNICIPAL GAS ACQUISITION AND SUPPLY CORP I   | CUSIP: 88256CAX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000732.90   | 0.36%             | 2026-12-15      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH SOLID WASTE DISP REV                           | SOUTH CAROLINA ST JOBS-ECON DE SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY | CUSIP: 83704DAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $90000.00     | 0.01%             | 2045-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP RHODE IS                                                | TOBACCO SETTLEMENT FING CORP R TOBACCO SETTLEMENT FINANCING CORP/RI               | CUSIP: 888809BG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6718299.00   | 0.81%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SECURITIZATION AUTH SOUTHN CALIF TOB SETTLEMENT REV                          | TOBACCO SECURITIZATION AUTH ST TOBACCO SECURITIZATION AUTHORITY OF SOUTHERN CALIF | CUSIP: 888804CU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5700000 | PA      | $1089449.55   | 0.13%             | 2054-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DENTON TEX INDPT SCH DIST                                                            | DENTON TX INDEP SCH DIST DENTON INDEPENDENT SCHOOL DISTRICT                       | CUSIP: 249002MC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1510578.30   | 0.18%             | 2053-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALDWIN CNTY ALA INDL DEV AUTH SOLID WASTE DISP REV                                  | BALDWIN CNTY AL INDL DEV AUTH BALDWIN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY     | CUSIP: 05786PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2203135.22   | 0.27%             | 2055-06-01      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| LEWISTOWN COMM CTR CMNTY DEV AUTH VA REV                                             | LEWISTOWN COMMERCE CENTER VA C LEWISTOWN COMMERCE CENTER COMMUNITY DEVELOPMENT AU | CUSIP: 528734AJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     23000 | PA      | $18978.10     | 0.00%             | 2044-03-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| WEBSTER FINANCIAL CORPORATION                                                        | Webster Financial Corp PREFERRED STOCK                                            | CUSIP: 947890703<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EP               |  | US        |     33896 | NS      | $832485.76    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| UNIVERSITY OREGON GEN REV                                                            | UNIV OF OREGON OR GEN REVENUE UNIVERSITY OF OREGON                                | CUSIP: 914767AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $602556.96    | 0.07%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWR REV                                                    | PUERTO RICO ELEC PWR AUTH PWRR PUERTO RICO ELECTRIC POWER AUTHORITY               | CUSIP: 74526YEC5<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   5895000 | PA      | $3861225.00   | 0.47%             | 2031-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UTAH ST CHARTER SCH FIN AUTH CHARTER SCH REV                                         | UTAH ST CHRT SCH FIN AUTH CHRT UTAH CHARTER SCHOOL FINANCE AUTHORITY              | CUSIP: 91754TH30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1028365.26   | 0.12%             | 2052-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TROUT CREEK CMNTY DEV DIST FLA CAP IMPT REV                                          | TROUT CREEK CDD FL CAPITAL IMP TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT         | CUSIP: 897188AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $255304.05    | 0.03%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL TR AGY FLA EDL FACS REV                                                      | CAPITAL TRUST AGY FL EDUCTNL F CAPITAL TRUST AGENCY INC                           | CUSIP: 14054CBV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $856581.20    | 0.10%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE SA                                                                  | SOCIETE GENERALE SA 10.000000% MATURITY: PERPETUAL                                | CUSIP: F8600KAA4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | NUSS              | FR        |    200000 | PA      | $220114.80    | 0.03%             | 2174-05-14      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ULSTER CNTY N Y CAP RESOURCE CORP REV                                                | ULSTER CNTY NY CAPITAL RESOURC ULSTER COUNTY CAPITAL RESOURCE CORP                | CUSIP: 903768AG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1878996.00   | 0.23%             | 2053-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN CORP TEX SR LIVING REV                                 | NEW HOPE CULTURAL EDU FACS FIN NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE COR | CUSIP: 64542PBW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $780000.00    | 0.09%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH & EDL FACS AUTH REV                                              | WISCONSIN ST HLTH & EDUCTNL FA WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORIT | CUSIP: 97712DP42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $612267.61    | 0.07%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT AUTH CALIF ESSENTIAL HSG REV                                        | CSCDA CMNTY IMPT AUTH CA ESSEN CSCDA COMMUNITY IMPROVEMENT AUTHORITY              | CUSIP: 126292AS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $361226.65    | 0.04%             | 2056-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                                                 | JPMORGAN CHASE & CO 6.875000% MATURITY: PERPETUAL                                 | CUSIP: 48128BAQ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    500000 | PA      | $525388.00    | 0.06%             | 2174-06-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WISCONSIN CTR DIST WIS TAX REV                                                       | WISCONSIN CENTER DIST WI TAX R WISCONSIN CENTER DISTRICT                          | CUSIP: 976595GN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $1796684.00   | 0.22%             | 2045-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST ECONOMIC DEV AUTH RETIREMENT CMNTYS REV                                  | DELAWARE ST ECON DEV AUTH RETM DELAWARE STATE ECONOMIC DEVELOPMENT AUTHORITY      | CUSIP: 246371AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $960673.30    | 0.12%             | 2053-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO                                        | GDB DEBT RECOVERY AUTH OF CMWL GDB DEBT RECOVERY AUTHORITY OF PUERTO RICO         | CUSIP: 36829QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   8953284 | PA      | $8636838.23   | 1.04%             | 2040-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP SPL FAC REV                                                 | NEW YORK ST TRANSPRTN DEV CORP NEW YORK TRANSPORTATION DEVELOPMENT CORP           | CUSIP: 650116CV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $952940.59    | 0.12%             | 2031-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS EDL FAC REV                                                      | PUBLIC FIN AUTH WI EDUCTNL FAC PUBLIC FINANCE AUTHORITY                           | CUSIP: 74443DDS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1212359.40   | 0.15%             | 2048-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS RETIREMENT FAC REV                                               | PUBLIC FIN AUTH WI RETMNT FAC PUBLIC FINANCE AUTHORITY                            | CUSIP: 74444VAW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2097772.75   | 0.25%             | 2055-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                               | MAIN STREET NATURAL GAS INC GA MAIN STREET NATURAL GAS INC                        | CUSIP: 56035DEN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2275852.40   | 0.28%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                                       | BNP PARIBAS SA 144A 9.250000% MATURITY: PERPETUAL                                 | CUSIP: 05565AS20<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | NUSS              | FR        |   2400000 | PA      | $2573320.80   | 0.31%             | 2174-05-17      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS EDL FAC REV                                                      | PUBLIC FIN AUTH WI EDUCTNL FAC PUBLIC FINANCE AUTHORITY                           | CUSIP: 74443DFP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2770000 | PA      | $1707472.87   | 0.21%             | 2054-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP RHODE IS                                                | TOBACCO SETTLEMENT FING CORP R TOBACCO SETTLEMENT FINANCING CORP/RI               | CUSIP: 888809AH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6890000 | PA      | $924930.14    | 0.11%             | 2052-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                         | BARCLAYS PLC 4.375000% MATURITY: PERPETUAL                                        | CUSIP: 06738EBT1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | NUSS              | GB        |   3000000 | PA      | $2828637.60   | 0.34%             | 2173-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                               | MAIN STREET NATURAL GAS INC GA MAIN STREET NATURAL GAS INC                        | CUSIP: 56035DBW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $988968.20    | 0.12%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND TENN HEALTH & EDL FACS BRD MULTIFAMILY HSG REV                             | CLEVELAND TN HLTH & EDUCTNL FA CLEVELAND HEALTH & EDUCATIONAL FACILITIES BOARD    | CUSIP: 186546AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $948502.75    | 0.11%             | 2040-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corporation                                              | BANK OF NEW YORK MELLON CORP/THE 3.700000% MATURITY: PERPETUAL                    | CUSIP: 064058AJ9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3442728.10   | 0.42%             | 2174-03-20      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV                                        | PUERTO RICO SALES TAX FING COR PUERTO RICO SALES TAX FINANCING CORP SALES TAX REV | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  41435000 | PA      | $9598993.70   | 1.16%             | 2051-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ARCH CAPITAL GROUP LTD.                                                              | Arch Capital Group Ltd PREFERRED STOCK                                            | CUSIP: 03939A107<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EP               |  | US        |     10784 | NS      | $229483.52    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| POWAY CALIF UNI SCH DIST                                                             | POWAY CA UNIF SCH DIST POWAY UNIFIED SCHOOL DISTRICT                              | CUSIP: 738850RD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5410000 | PA      | $3165297.41   | 0.38%             | 2038-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| THE PNC FINANCIAL SERVICES GROUP, INC.                                               | PNC FINANCIAL SERVICES GROUP INC/THE 6.250000% MATURITY: PERPETUAL                | CUSIP: 693475BP9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2124015.60   | 0.26%             | 2174-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SOLEIL HILLS PUB INFRASTRUCTURE DIST NO 1 UTAH                                       | SOLEIL HILLS PUB INFRASTRUCTUR SOLEIL HILLS PUBLIC INFRASTRUCTURE DISTRICT NO 1   | CUSIP: 834201AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $470972.95    | 0.06%             | 2055-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BANQUE DE MONTREAL                                                                   | BANK OF MONTREAL 7.700000% 05/26/2084                                             | CUSIP: 06368LQ58<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | NUSS              | CA        |   2000000 | PA      | $2085282.00   | 0.25%             | 2084-05-26      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| COLORADO INTL CTR MET DIST NO 7                                                      | COLORADO INTL CTR MET DIST NO COLORADO INTERNATIONAL CENTER METROPOLITAN DISTRIC  | CUSIP: 19650TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1532865.80   | 0.19%             | 2051-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                                               | STANDARD CHARTERED PLC 144A 7.014000% MATURITY: PERPETUAL                         | CUSIP: 853254AB6<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | NUSS              | GB        |   4000000 | PA      | $4142760.00   | 0.50%             | 2174-01-30      | Fixed         | 7.01%                 | No            |                  2 | On Loan: No      |
| LA PAZ CNTY ARIZ INDL DEV AUTH ED FAC LEASE REV                                      | LA PAZ CNTY AZ INDL DEV AUTH E LA PAZ COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY     | CUSIP: 50376FAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $249669.90    | 0.03%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOMINION WTR & SANTN DIST COLO REV                                                   | DOMINION WTR & SANTN DIST CO R DOMINION WATER & SANITATION DISTRICT               | CUSIP: 25755AAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3988329.20   | 0.48%             | 2052-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT AUTH CALIF ESSENTIAL HSG REV                                        | CSCDA CMNTY IMPT AUTH CA ESSEN CSCDA COMMUNITY IMPROVEMENT AUTHORITY              | CUSIP: 126292CQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2178183.26   | 0.26%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLBY KANS HOSP LN ANTIC REV                                                         | COLBY KS HOSP LOAN ANTICIPATIO CITY OF COLBY KS                                   | CUSIP: 19277TAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004929.80   | 0.24%             | 2026-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN CORP TEX SR LIVING REV                                 | NEW HOPE CULTURAL EDU FACS FIN NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE COR | CUSIP: 64542PCL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $750000.00    | 0.09%             | 2046-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Nomura Holdings, Inc.                                                                | NOMURA HOLDINGS INC 7.000000% MATURITY: PERPETUAL                                 | CUSIP: 65535HCC1<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | NUSS              | JP        |   1200000 | PA      | $1229995.20   | 0.15%             | 2174-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TEX HIGHER ED FIN CORP ED REV                                              | ARLINGTON TX HGR EDU FIN CORP ARLINGTON HIGHER EDUCATION FINANCE CORP             | CUSIP: 041807PV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1466759.55   | 0.18%             | 2055-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                                          | BANK OF AMERICA CORP 6.625000% MATURITY: PERPETUAL                                | CUSIP: 06055HAH6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2264917.60   | 0.27%             | 2174-08-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEV FIN AUTH EXEMPT FAC REV                                    | PENNSYLVANIA ST ECON DEV FINGA PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHOR | CUSIP: 708686ET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006698.30   | 0.12%             | 2037-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NORTHERN TRUST CORPORATION                                                           | NORTHERN TRUST CORP 4.600000% MATURITY: PERPETUAL                                 | CUSIP: 665859AQ7<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |    500000 | PA      | $495703.35    | 0.06%             | 2174-04-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL, INC.                                                           | PRUDENTIAL FINANCIAL INC 6.500000% 03/15/2054                                     | CUSIP: 744320BP6<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2102120.00   | 0.25%             | 2054-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY WIS HOSPS & CLINICS AUTH REV                                              | UNIV HOSPS & CLINICS AUTH WI UNIVERSITY OF WISCONSIN HOSPITALS & CLINICS          | CUSIP: 915260CL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.06%             | 2048-04-01      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN CORP TEX RETIREMENT FAC REV                            | NEW HOPE CULTURAL ED FACS FIN NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE COR  | CUSIP: 64542UDX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1363417.05   | 0.16%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VOYA FINANCIAL, INC.                                                                 | VOYA FINANCIAL INC 7.758000% MATURITY: PERPETUAL                                  | CUSIP: 929089AG5<br>LEI: 549300T065Z4KJ686G75 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1792976.40   | 0.22%             | 2174-03-15      | Fixed         | 7.76%                 | No            |                  2 | On Loan: No      |
| IOWA FIN AUTH SR HSG REV                                                             | IOWA ST FIN AUTH SENIOR HSG RE IOWA FINANCE AUTHORITY                             | CUSIP: 46245FAT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $624376.84    | 0.08%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH CHARTER SCH REV                                                    | ILLINOIS ST FIN AUTH CHRT SCHR ILLINOIS FINANCE AUTHORITY                         | CUSIP: 452022BU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $680532.90    | 0.08%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RENO NEV SALES TAX REV                                                               | RENO NV SALES TAX REVENUE CITY OF RENO NV                                         | CUSIP: 759861EJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16500000 | PA      | $2433119.70   | 0.29%             | 2058-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ANCHORAGE ALASKA SOLID WASTE SVCS REV                                                | ANCHORAGE AK SOL WST SVCS REVE MUNICIPALITY OF ANCHORAGE AK SOLID WASTE SERVICES  | CUSIP: 033262AW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3480000 | PA      | $3556335.19   | 0.43%             | 2062-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH STUDENT RESIDENCE REV                                        | CALIFORNIA MUN FIN AUTH STUDEN CALIFORNIA MUNICIPAL FINANCE AUTHORITY             | CUSIP: 13051EAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1249297.64   | 0.15%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| National Finance Authority                                                           | NATIONAL FIN AUTH NH MUNI CTFS NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY           | CUSIP: 63607WAN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1463099 | PA      | $1331663.17   | 0.16%             | 2038-01-20      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ALAMEDA CORRIDOR TRANSN AUTH CALIF REV                                               | ALAMEDA CA CORRIDOR TRANSPRTN ALAMEDA CORRIDOR TRANSPORTATION AUTHORITY           | CUSIP: 010869JN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1125782.00   | 0.14%             | 2048-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HENRICO CNTY VA ECONOMIC DEV AUTH RESIDENTIAL CARE FAC REV                           | HENRICO CNTY VA ECON DEV AUTH HENRICO COUNTY ECONOMIC DEVELOPMENT AUTHORITY       | CUSIP: 42605QGN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $933419.80    | 0.11%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH ECONOMIC DEV REV                                               | ARIZONA ST INDL DEV AUTH ECON ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY            | CUSIP: 040523AF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $91800.00     | 0.01%             | 2050-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN CHARTER SCH LEASE REV                                               | MINNEAPOLIS MN CHARTER SCH LEA CITY OF MINNEAPOLIS MN                             | CUSIP: 60375CBD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $501578.58    | 0.06%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING AUTH HEALTHCARE FACS REV                                | VIRGINIA ST SMALL BUSINESS FIN VIRGINIA SMALL BUSINESS FINANCING AUTHORITY        | CUSIP: 928105CH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022273.60   | 0.12%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH ECONOMIC DEV REV                                        | NEW JERSEY ST ECON DEV AUTH EC NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY          | CUSIP: 64577HMH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2509096.75   | 0.30%             | 2031-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS REV                                                              | PUBLIC FIN AUTH WI REVENUE PUBLIC FINANCE AUTHORITY                               | CUSIP: 74442PJS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $795222.70    | 0.10%             | 2049-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY OHIO CONVENTION FACS AUTH HOTEL PROJ REV                               | FRANKLIN CNTY OH CONVENTION FA FRANKLIN COUNTY CONVENTION FACILITIES AUTHORITY HO | CUSIP: 35317DAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3680976.80   | 0.44%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV                                          | NEW YORK NY CITY TRANSITIONAL NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY        | CUSIP: 64972JCD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2052291.00   | 0.25%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH REV                                                                | ILLINOIS ST FIN AUTH REVENUE ILLINOIS FINANCE AUTHORITY                           | CUSIP: 45204FN92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $497372.88    | 0.06%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MUNICIPAL ELEC AUTH GA                                                               | MUNI ELEC AUTH OF GEORGIA MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA                 | CUSIP: 626207Z56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $487737.65    | 0.06%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DAIRY FARMERS OF AMERICA, INC.                                                       | DAIRY FARMERS OF AMERICA INC PREFERRED STOCK                                      | CUSIP: 23385H406<br>LEI: 1LTUIZEFFT7MUIERI838 | Long             | EP               |  | US        |     15000 | NS      | $1440000.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ARKANSAS ST DEV FIN AUTH INDL DEV REV                                                | ARKANSAS ST DEV FIN AUTH INDL ARKANSAS DEVELOPMENT FINANCE AUTHORITY              | CUSIP: 04108WCC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $366211.28    | 0.04%             | 2049-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GRAND FORKS CNTY N D SOLID WASTE DISP FAC REV                                        | GRAND FORKS CNTY ND COUNTY OF GRAND FORKS ND                                      | CUSIP: 38543PAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $15.00        | 0.00%             | 2043-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV                                        | PUERTO RICO SALES TAX FING COR PUERTO RICO SALES TAX FINANCING CORP SALES TAX REV | CUSIP: 74529JRJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   2000000 | PA      | $1850540.00   | 0.22%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| TOB SECURITIZATION AUTH NORTHN CALIF TOB SETTLEMENT REV                              | TOBACCO SECURITIZATION AUTH NT TOBACCO SECURITIZATION AUTHORITY OF NORTHERN CALIF | CUSIP: 888794CA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15040000 | PA      | $2154628.90   | 0.26%             | 2060-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                             | TREASURY BILL 0.000000% 11/06/2025                                                | CUSIP: 912797QP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3900000 | PA      | $3871205.21   | 0.47%             | 2025-11-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BAY AREA TOLL AUTH CALIF TOLL BRDG REV                                               | BAY AREA CA TOLL AUTH TOLL BRI BAY AREA TOLL AUTHORITY                            | CUSIP: 072024ZH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.12%             | 2059-04-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| ST LOUIS MO LD CLEARANCE REDEV AUTH ANNUAL APPROPRIATION REDEV REV                   | SAINT LOUIS MO LAND CLEARANCE ST LOUIS LAND CLEARANCE FOR REDEVELOPMENT AUTHORIT  | CUSIP: 85233SAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2037900.04   | 0.25%             | 2046-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| METLIFE, INC.                                                                        | MetLife Inc PREFERRED STOCK                                                       | CUSIP: 59156R850<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               |  | US        |    174456 | NS      | $3548435.04   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| SUFFOLK REGL OFF-TRACK BETTING CORP N Y REV                                          | SUFFOLK REGL OFF-TRACK BETTING SUFFOLK REGIONAL OFF-TRACK BETTING CORP            | CUSIP: 86480TAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $497828.95    | 0.06%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BRAZORIA CNTY TEX INDL DEV CORP SOLID WASTE DISP FACS REV                            | BRAZORIA CNTY TX INDL DEV CORP BRAZORIA COUNTY INDUSTRIAL DEVELOPMENT CORP        | CUSIP: 10604PAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1406053 | PA      | $351513.23    | 0.04%             | 2042-06-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                          | FREDDIE MAC POOL FR WE6090                                                        | CUSIP: 3132YBXT8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   3555255 | PA      | $3785569.21   | 0.46%             | 2040-08-01      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDL FACS AUTH REV                                                      | NEW JERSEY ST EDUCTNL FACS AUT NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY        | CUSIP: 646067FV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1388487.23   | 0.17%             | 2048-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MEMPHIS-SHELBY CNTY TENN INDL DEV BRD ECONOMIC DEV GROWTH ENGINE TAX INCREMENT REV   | MEMPHIS-SHELBY CNTY TN INDL DE MEMPHIS-SHELBY COUNTY INDUSTRIAL DEVELOPMENT BOARD | CUSIP: 58611YAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $515273.57    | 0.06%             | 2037-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                         | BARCLAYS PLC 9.625000% MATURITY: PERPETUAL                                        | CUSIP: 06738ECN3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | NUSS              | GB        |   1200000 | PA      | $1345732.80   | 0.16%             | 2174-03-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                  | BENLOCH RANCH IMPROVEMENT ASSOCIATION NO 2 144A 10.000000% 12/01/2051             | CUSIP: 082149AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6000000 | PA      | $4498377.12   | 0.54%             | 2051-12-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP SPL FAC REV                                                 | NEW YORK ST TRANSPRTN DEV CORP NEW YORK TRANSPORTATION DEVELOPMENT CORP           | CUSIP: 650116CM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4085000 | PA      | $4148257.04   | 0.50%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS SPL REV                                                          | PUBLIC FIN AUTH WI SPL REVENUE PUBLIC FINANCE AUTHORITY                           | CUSIP: 74447TAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    721000 | PA      | $541219.37    | 0.07%             | 2029-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH REV                                                          | CALIFORNIA ST MUNI FIN AUTH RE CALIFORNIA MUNICIPAL FINANCE AUTHORITY             | CUSIP: 13048TG23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $912518.30    | 0.11%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H LEASE REV                                                      | NATIONAL FIN AUTH LEASE REVENU NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY           | CUSIP: 63610FBM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $990737.20    | 0.12%             | 2053-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                               | FEDERAL HOME LOAN MTGE CORP MU FREDDIE MAC MULTIFAMILY ML CERTIFICATES            | CUSIP: 3137HBCD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5832220 | PA      | $5890378.55   | 0.71%             | 2040-08-25      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| WESTERN ALLIANCE BANCORPORATION                                                      | Western Alliance Bancorp PREFERRED STOCK                                          | CUSIP: 957638406<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EP               |  | US        |     21251 | NS      | $483885.27    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| U.S. BANCORP                                                                         | US Bancorp PREFERRED STOCK                                                        | CUSIP: 902973866<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               |  | US        |       500 | NS      | $414230.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y REV                                                      | BUILD NYC RESOURCE CORP NY REV BUILD NYC RESOURCE CORP                            | CUSIP: 12008ELR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1388550.00   | 0.17%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY REV                                                     | MASSACHUSETTS ST DEV FIN AGY R MASSACHUSETTS DEVELOPMENT FINANCE AGENCY           | CUSIP: 57584Y4T3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1414560.60   | 0.17%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH SOLID WASTE DISP REV                           | SOUTH CAROLINA ST JOBS-ECON DE SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY | CUSIP: 83704DAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $90000.00     | 0.01%             | 2027-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                                                 | M&T BANK CORP 7.304000% MATURITY: PERPETUAL                                       | CUSIP: 55261FAL8<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1815903.00   | 0.22%             | 2174-02-01      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA DEV AUTH REV                                                              | ATLANTA GA DEV AUTH ATLANTA DEVELOPMENT AUTHORITY/THE                             | CUSIP: 04780NMY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2048602.80   | 0.25%             | 2048-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIBERTY DEV CORP LIBERTY REV                                                | NEW YORK ST LIBERTY DEV CORP L NEW YORK LIBERTY DEVELOPMENT CORP                  | CUSIP: 649519DC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3999843.20   | 0.48%             | 2040-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIBERTY DEV CORP LIBERTY REV                                                | NEW YORK ST LIBERTY DEV CORP L NEW YORK LIBERTY DEVELOPMENT CORP                  | CUSIP: 649519DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $969907.80    | 0.12%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMN NONPROFIT HSG REV                                        | WASHINGTON ST HSG FIN COMMISSI WASHINGTON STATE HOUSING FINANCE COMMISSION        | CUSIP: 939783WH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $299740.44    | 0.04%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV                                          | BLACK BELT ENERGY GAS DIST AL BLACK BELT ENERGY GAS DISTRICT                      | CUSIP: 09182TDB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3359346.93   | 0.41%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ECONOMIC DEV FIN AUTH HEALTH CARE REV                                       | KENTUCKY ST ECON DEV FIN AUTH KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY     | CUSIP: 49126TAX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $689206.60    | 0.08%             | 2046-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BATTERY PK CITY AUTH N Y REV                                                         | BATTERY PARK CITY NY AUTH BATTERY PARK CITY AUTHORITY                             | CUSIP: 07133AJC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.18%             | 2038-11-01      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| BRISTOL TENN INDL DEV BRD TAX INCREMENT REV                                          | BRISTOL TN INDL DEV BRD TAX IN BRISTOL INDUSTRIAL DEVELOPMENT BOARD               | CUSIP: 11023QAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1745587.40   | 0.21%             | 2035-06-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                                  | Fifth Third Bancorp PREFERRED STOCK                                               | CUSIP: 316773605<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               |  | US        |     49904 | NS      | $1275047.20   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MASSACHUSETTS ST                                                                     | MASSACHUSETTS ST COMMONWEALTH OF MASSACHUSETTS                                    | CUSIP: 57582RD60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1613881.44   | 0.20%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP SPL FAC REV                                                 | NEW YORK ST TRANSPRTN DEV CORP NEW YORK TRANSPORTATION DEVELOPMENT CORP           | CUSIP: 650116GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2168768.60   | 0.26%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY N Y INDL DEV CORP REV                                                    | MONROE CNTY NY INDL DEV CORP R MONROE COUNTY INDUSTRIAL DEVELOPMENT CORP/NY       | CUSIP: 61075TUG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1386403.80   | 0.17%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRAZORIA CNTY TEX INDL DEV CORP SOLID WASTE DISP FACS REV                            | BRAZORIA CNTY TX INDL DEV CORP BRAZORIA COUNTY INDUSTRIAL DEVELOPMENT CORP        | CUSIP: 10604PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3655000 | PA      | $913750.00    | 0.11%             | 2039-03-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMN                                                          | WASHINGTON STATE HOUSING FINANCE COMMISSION WSHFC 2025-1 A1                       | CUSIP: 93978UDT0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2700000 | PA      | $2478319.47   | 0.30%             | 2063-08-15      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| LIBERTY HILL TEX INDPT SCH DIST                                                      | LIBERTY HILL TX INDEP SCH DIST LIBERTY HILL INDEPENDENT SCHOOL DISTRICT           | CUSIP: 530574TY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4016752.00   | 0.49%             | 2055-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                               | MAIN STREET NATURAL GAS INC GA MAIN STREET NATURAL GAS INC                        | CUSIP: 56035DKH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1797148.20   | 0.22%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HIGHER EDL FACS AUTH REV                                             | PENNSYLVANIA ST HGR EDUCTNL FA PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORI | CUSIP: 70917S6Z1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1190206.58   | 0.14%             | 2049-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAND FORKS CNTY N D SOLID WASTE DISP FAC REV                                        | GRAND FORKS CNTY ND COUNTY OF GRAND FORKS ND                                      | CUSIP: 38543PAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $10.00        | 0.00%             | 2031-12-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                         | UBS GROUP AG 144A 9.250000% MATURITY: PERPETUAL                                   | CUSIP: 902613BE7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | NUSS              | CH        |   1000000 | PA      | $1174389.00   | 0.14%             | 2174-05-13      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                                    | HSBC HOLDINGS PLC 6.000000% MATURITY: PERPETUAL                                   | CUSIP: 404280BL2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | NUSS              | GB        |   1500000 | PA      | $1500337.50   | 0.18%             | 2173-11-22      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BERKS CNTY PA MUN AUTH REV                                                           | BERKS CNTY PA MUNI AUTH BERKS COUNTY MUNICIPAL AUTHORITY/THE                      | CUSIP: 084538JJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2878000 | PA      | $2543344.15   | 0.31%             | 2039-06-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV                                        | BLACK BELT ENERGY GAS DIST AL BLACK BELT ENERGY GAS DISTRICT                      | CUSIP: 09182NCC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008826.00   | 0.12%             | 2052-07-01      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| AUGUSTA GA DEV AUTH REV                                                              | AUGUSTA GA DEV AUTH REVENUE AUGUSTA DEVELOPMENT AUTHORITY                         | CUSIP: 05115CBR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3469639.60   | 0.42%             | 2053-04-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NEW YORK CNTYS TOB TR IV                                                             | NEW YORK CNTYS NY TOBACCO TRUS NEW YORK COUNTIES TOBACCO TRUST IV                 | CUSIP: 62947YAJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  57000000 | PA      | $4287106.80   | 0.52%             | 2055-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH REV                                                        | COLORADO ST HLTH FACS AUTH REV COLORADO HEALTH FACILITIES AUTHORITY               | CUSIP: 19648FKA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1729162.80   | 0.21%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AVIATION STA NORTH MET DIST NO 2 COLO                                                | AVIATION STATION NORTH MET DIS AVIATION STATION NORTH METROPOLITAN DISTRICT NO 2  | CUSIP: 05369KAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $486870.70    | 0.06%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ULSTER CNTY N Y CAP RESOURCE CORP REV                                                | ULSTER CNTY NY CAPITAL RESOURC ULSTER COUNTY CAPITAL RESOURCE CORP                | CUSIP: 903768AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $784786.30    | 0.09%             | 2047-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN CORP TEX SR LIVING REV                                 | NEW HOPE CULTURAL EDU FACS FIN NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE COR | CUSIP: 64542PAV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $902500.00    | 0.11%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING AUTH EDL FACS REV                                       | VIRGINIA ST SMALL BUSINESS FIN VIRGINIA SMALL BUSINESS FINANCING AUTHORITY        | CUSIP: 92810PAW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6565000 | PA      | $5476575.52   | 0.66%             | 2044-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                                          | Bank of America Corp PREFERRED STOCK                                              | CUSIP: 060505625<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               |  | US        |     20730 | NS      | $424965.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| WISCONSIN ST HEALTH & EDL FACS AUTH REV                                              | WISCONSIN ST HLTH & EDUCTNL FA WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORIT | CUSIP: 97712JJE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999358.20    | 0.12%             | 2054-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDL FACS AUTH REV                                                      | NEW JERSEY ST EDUCTNL FACS AUT NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY        | CUSIP: 646066UZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000847.00   | 0.24%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP, INC.                                                       | Citizens Financial Group Inc PREFERRED STOCK                                      | CUSIP: 174610808<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               |  | US        |     46500 | NS      | $1172730.00   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| HEMPSTEAD TOWN N Y LOC DEV CORP ED REV                                               | HEMPSTEAD TOWN NY LOCAL DEV CO HEMPSTEAD TOWN LOCAL DEVELOPMENT CORP              | CUSIP: 424685AK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001021.50   | 0.12%             | 2048-02-01      | Fixed         | 6.76%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH MULTIFAMILY HSG REV                                          | COLORADO ST HSG FIN AUTH MF HS COLORADO HOUSING AND FINANCE AUTHORITY             | CUSIP: 19647PDQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2140000 | PA      | $2170540.37   | 0.26%             | 2028-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH & EDL FACS AUTH REV                                              | WISCONSIN ST HLTH & EDUCTNL FA WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORIT | CUSIP: 97712D4C7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $871398.50    | 0.11%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV                                     | ENERGY S E AL A COOPERATIVE DI ENERGY SOUTHEAST A COOPERATIVE DISTRICT            | CUSIP: 292723AY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1102468.90   | 0.13%             | 2054-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE CNTY FLA INDL DEV AUTH UTIL SYS REV                                        | CHARLOTTE CNTY FL INDL DEV AUT CHARLOTTE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/ | CUSIP: 16080TAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $388118.80    | 0.05%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH & EDL FACS AUTH REV                                            | CONNECTICUT ST HLTH & EDUCTNL CONNECTICUT STATE HEALTH & EDUCATIONAL FACILITIES   | CUSIP: 20774YJ40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1304329.65   | 0.16%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                                       | BNP PARIBAS SA 144A 7.750000% MATURITY: PERPETUAL                                 | CUSIP: 05565AM34<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | NUSS              | FR        |   4290000 | PA      | $4505478.12   | 0.54%             | 2174-02-16      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP SPL FAC REV                                                 | NEW YORK ST TRANSPRTN DEV CORP NEW YORK TRANSPORTATION DEVELOPMENT CORP           | CUSIP: 650116CX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001729.50   | 0.12%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH REV                                                                | MICHIGAN ST FIN AUTH REVENUE MICHIGAN FINANCE AUTHORITY                           | CUSIP: 59447TM26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $1821476.00   | 0.22%             | 2065-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST DEV FIN BRD REV                                                          | MISSOURI ST DEV FIN BRD MISSOURI DEVELOPMENT FINANCE BOARD                        | CUSIP: 60636VDD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4005000 | PA      | $4021670.81   | 0.49%             | 2055-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                                                       | CITIGROUP INC 3.875000% MATURITY: PERPETUAL                                       | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4400000 | PA      | $4348660.80   | 0.53%             | 2174-05-18      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| U.S. BANCORP                                                                         | US BANCORP 3.700000% MATURITY: PERPETUAL                                          | CUSIP: 902973BC9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   6200000 | PA      | $5970869.08   | 0.72%             | 2174-01-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| METLIFE, INC.                                                                        | METLIFE INC 3.850000% MATURITY: PERPETUAL                                         | CUSIP: 59156RCA4<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1495297.50   | 0.18%             | 2174-03-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE FING AUTH TOBACCO SETTLEMENT                                    | CALIFORNIA ST STWD FING AUTH T CALIFORNIA STATEWIDE FINANCING AUTHORITY           | CUSIP: 130923AQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3765000 | PA      | $3840671.61   | 0.46%             | 2037-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                          | FEDERAL HOME LOAN MTGE CORP MU FREDDIE MAC MULTIFAMILY ML CERTIFICATES            | CUSIP: 3137HA4G8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |   4892426 | PA      | $4704181.25   | 0.57%             | 2040-01-25      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY PA INDL DEV AUTH REV                                                   | FRANKLIN CNTY PA INDL DEV AUTH FRANKLIN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/P | CUSIP: 353273BM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $495223.39    | 0.06%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHESTER CNTY PA INDL DEV AUTH SPL OBLIG REV                                          | CHESTER CNTY PA INDL DEV AUTH CHESTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY     | CUSIP: 16559WAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100245.51    | 0.01%             | 2028-03-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| WINDSOR CALIF UNI SCH DIST                                                           | WINDSOR CA UNIF SCH DIST WINDSOR UNIFIED SCHOOL DISTRICT                          | CUSIP: 973517JA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1220132.70   | 0.15%             | 2035-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LEWISTOWN COMM CTR CMNTY DEV AUTH VA REV                                             | LEWISTOWN COMMERCE CENTER VA C LEWISTOWN COMMERCE CENTER COMMUNITY DEVELOPMENT AU | CUSIP: 528734AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    118000 | PA      | $53100.00     | 0.01%             | 2054-03-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN CTR DIST WIS TAX REV                                                       | WISCONSIN CENTER DIST WI TAX R WISCONSIN CENTER DISTRICT                          | CUSIP: 976595FU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8110000 | PA      | $2885544.49   | 0.35%             | 2045-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MUNICIPAL ELEC AUTH GA                                                               | MUNI ELEC AUTH OF GEORGIA MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA                 | CUSIP: 626207H23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4808121.00   | 0.58%             | 2060-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HIGHER EDL FACS FING AUTH FLA HIGHER EDL FACS REV                                    | HGR EDU FACS FING AUTH FL HGR FLORIDA HIGHER EDUCATIONAL FACILITIES FINANCING AU  | CUSIP: 42982GAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1643581.08   | 0.20%             | 2045-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                                   | CREDIT AGRICOLE SA MTN 4.750000% MATURITY: PERPETUAL                              | CUSIP: 225313AP0<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | NUSS              | FR        |   3000000 | PA      | $2847924.00   | 0.34%             | 2174-03-23      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                  | SEI DAILY INCOME TRUST GOVERNMENT FUND (#36)                                      | CUSIP: 783965593<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    566220 | NS      | $566219.83    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY TEXAS, INC.                                                                  | Entergy Texas Inc PREFERRED STOCK                                                 | CUSIP: 29365T302<br>LEI: LWXX58X12AJXISQ28573 | Long             | EP               |  | US        |     39700 | NS      | $929774.00    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| CoBank, ACB                                                                          | COBANK ACB 6.250000% MATURITY: PERPETUAL                                          | CUSIP: 19075QAC6<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | USGA              | US        |    500000 | PA      | $500205.00    | 0.06%             | 2173-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH MTR VEH SURCHARGES REV                                  | NEW JERSEY ST ECON DEV AUTH MT NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY          | CUSIP: 64578JBA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $439106.06    | 0.05%             | 2029-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX ARPT SYS REV                                                             | HOUSTON TX ARPT SYS REVENUE CITY OF HOUSTON TX AIRPORT SYSTEM REVENUE             | CUSIP: 442349HV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4273524.00   | 0.52%             | 2035-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CMFA SPL FIN AGY CALIF ESSENTIAL HSG REV                                             | CMFA SPL FIN AGY CA ESSENTIAL CMFA SPECIAL FINANCE AGENCY                         | CUSIP: 12574WAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $916988.04    | 0.11%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UMB FINANCIAL CORPORATION                                                            | UMB Financial Corp PREFERRED STOCK                                                | CUSIP: 902788405<br>LEI: 549300MGEH3N3CUCV828 | Long             | EP               |  | US        |     38600 | NS      | $1013250.00   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| DIRECTOR ST NEV DEPT BUSINESS & IND ENVIRONMENTAL IMPT REV                           | DIRECTOR OF THE ST OF NEVADA D STATE OF NEVADA DEPARTMENT OF BUSINESS & INDUSTRY  | CUSIP: 25461PAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2687566 | PA      | $26.88        | 0.00%             | 2038-02-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP SPL FAC REV                                                 | NEW YORK ST TRANSPRTN DEV CORP NEW YORK TRANSPORTATION DEVELOPMENT CORP           | CUSIP: 650116JS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2541394.71   | 0.31%             | 2060-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP ST SALES TAX REV                                          | NEW YORK ST URBAN DEV CORP SAL EMPIRE STATE DEVELOPMENT CORP                      | CUSIP: 64985TEV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3532512.90   | 0.43%             | 2053-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV                              | CALIFORNIA CMNTY CHOICE FING A CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY    | CUSIP: 13013JAP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5021373.00   | 0.61%             | 2052-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN CHARTER SCH LEASE REV                                               | MINNEAPOLIS MN CHARTER SCH LEA CITY OF MINNEAPOLIS MN                             | CUSIP: 60375CAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750307.13    | 0.09%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA FIN AUTH REV                                                                    | IOWA ST FIN AUTH REVENUE IOWA FINANCE AUTHORITY                                   | CUSIP: 46247SCZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1692781.80   | 0.20%             | 2042-01-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| INDEPENDENCE MINN CHARTER SCH LEASE REV                                              | INDEPENDENCE MN CHRT SCH LEASE CITY OF INDEPENDENCE MN                            | CUSIP: 45362RAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $164362.44    | 0.02%             | 2026-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP SPL FAC REV                                                 | NEW YORK ST TRANSPRTN DEV CORP NEW YORK TRANSPORTATION DEVELOPMENT CORP           | CUSIP: 650116AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3985000 | PA      | $3769777.32   | 0.46%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV                           | LOUISIANA ST LOCAL GOVT ENVRNM LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIE | CUSIP: 54628CER9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $722806.70    | 0.09%             | 2037-11-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| KING CNTY WASH SWR REV                                                               | KING CNTY WA SWR REVENUE COUNTY OF KING WA SEWER REVENUE                          | CUSIP: 495290ET1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.18%             | 2042-01-01      | Floating      | 3.93%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL DEV MULTIFAMILY REV                                    | PHILADELPHIA PA AUTH FOR INDL PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT   | CUSIP: 717908AM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2066738.20   | 0.25%             | 2058-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT AUTH CALIF ESSENTIAL HSG REV                                        | CSCDA CMNTY IMPT AUTH CA ESSEN CSCDA COMMUNITY IMPROVEMENT AUTHORITY              | CUSIP: 126292BH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $353122.95    | 0.04%             | 2057-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PASSAIC CNTY N J IMPT AUTH CHARTER SCH REV                                           | PASSAIC CNTY NJ IMPT AUTH CHRT PASSAIC COUNTY IMPROVEMENT AUTHORITY/THE           | CUSIP: 70275QAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $494418.05    | 0.06%             | 2053-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORPORATION                                                        | Regions Financial Corp PREFERRED STOCK                                            | CUSIP: 7591EP704<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               |  | US        |     16465 | NS      | $393842.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| WYANDOTTE CNTY KANS CITY KANS UNI GOVT SPL OBLIG REV                                 | WYANDOTTE CNTY KS KANSAS CITY WYANDOTTE COUNTY-KANSAS CITY UNIFIED GOVERNMENT     | CUSIP: 98267VCM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $963807.18    | 0.12%             | 2034-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMN NONPROFIT HSG REV                                        | WASHINGTON ST HSG FIN COMMISSI WASHINGTON STATE HOUSING FINANCE COMMISSION        | CUSIP: 939783WJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $226442.81    | 0.03%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AT&T INC.                                                                            | AT&T Inc PREFERRED STOCK                                                          | CUSIP: 00206R706<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               |  | US        |    121800 | NS      | $2389716.00   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| BANQUE ROYALE DU CANADA                                                              | ROYAL BANK OF CANADA 6.350000% 11/24/2084                                         | CUSIP: 780082AT0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | NUSS              | CA        |    500000 | PA      | $484442.30    | 0.06%             | 2084-11-24      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT AUTH IOWA TOB SETTLEMENT REV                                      | TOBACCO SETTLEMENT AUTH IA TOB IOWA TOBACCO SETTLEMENT AUTHORITY                  | CUSIP: 888805CJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11075000 | PA      | $1531511.91   | 0.19%             | 2065-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP SPL FAC REV                                                 | NEW YORK ST TRANSPRTN DEV CORP NEW YORK TRANSPORTATION DEVELOPMENT CORP           | CUSIP: 650116HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2561741.78   | 0.31%             | 2054-12-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HEMPSTEAD TOWN N Y LOC DEV CORP ED REV                                               | HEMPSTEAD TOWN NY LOCAL DEV CO HEMPSTEAD TOWN LOCAL DEVELOPMENT CORP              | CUSIP: 424685AW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $368575.95    | 0.04%             | 2051-02-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECONOMIC DEV CORP PRIVATE ACTIVITY REV                                   | MARYLAND ST ECON DEV CORP PRIV MARYLAND ECONOMIC DEVELOPMENT CORP                 | CUSIP: 57422JCA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $589102.88    | 0.07%             | 2055-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV                           | GOLDEN ST TOBACCO SECURITIZATI GOLDEN STATE TOBACCO SECURITIZATION CORP           | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23600000 | PA      | $2190058.76   | 0.26%             | 2066-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                          | FREDDIE MAC POOL FR WE6072                                                        | CUSIP: 3132YBW93<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   4129752 | PA      | $3851879.19   | 0.47%             | 2039-07-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWR REV                                                    | PUERTO RICO ELEC PWR AUTH PWRR PUERTO RICO ELECTRIC POWER AUTHORITY               | CUSIP: 74526YEB7<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    200000 | PA      | $131000.00    | 0.02%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GEO L SMITH II GA WORLD CONGRESS CTR AUTH CONVENTION CTR HOTEL REV                   | GEO L SMITH II GA CONGRESS CTR GEORGE L SMITH II CONGRESS CENTER AUTHORITY        | CUSIP: 37255MAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1285093.02   | 0.16%             | 2054-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ECONOMIC DEV FIN AUTH HEALTH CARE REV                                       | KENTUCKY ST ECON DEV FIN AUTH KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY     | CUSIP: 49126TAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1326284.24   | 0.16%             | 2036-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BERKS CNTY PA MUN AUTH REV                                                           | BERKS CNTY PA MUNI AUTH BERKS COUNTY MUNICIPAL AUTHORITY/THE                      | CUSIP: 084538JD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    577000 | PA      | $589485.76    | 0.07%             | 2034-06-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP SPL FAC REV                                                 | NEW YORK ST TRANSPRTN DEV CORP NEW YORK TRANSPORTATION DEVELOPMENT CORP           | CUSIP: 650116JC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $835539.28    | 0.10%             | 2040-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY ARIZ INDL DEV AUTH ED REV                                                  | PIMA CNTY AZ INDL DEV AUTH EDU INDUSTRIAL DEVELOPMENT AUTHORITY OF THE COUNTY OF  | CUSIP: 72177MJC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $205562.98    | 0.02%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLYTHE TWP PA SOLID WASTE AUTH REV                                                   | BLYTHE TWP PA SOL WST AUTH REV BLYTHE TOWNSHIP SOLID WASTE AUTHORITY              | CUSIP: 096464AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3450000 | PA      | $3757223.19   | 0.45%             | 2037-12-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HSG FIN AGY LTD OBLIG MULTIFAMILY HSG REV                                 | CALIFORNIA HSG FIN AGY LTD OBL VARIABLE-REF-VOSE APARTMENTS-K                     | CUSIP: 13034DAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1519206.72   | 0.18%             | 2053-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HSG FIN AGY LTD OBLIG MULTIFAMILY HSG REV                                 | CALIFORNIA HSG FIN AGY LTD OBL CALIFORNIA HOUSING FINANCE AGENCY                  | CUSIP: 13034DAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4656060.64   | 0.56%             | 2054-06-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| MIDA MTN VLG PUB INFRASTRUCTURE DIST UTAH TAX ALLOCATION REV                         | MIDA MOUNTAIN VLG PUBLIC INFRA MIDA MOUNTAIN VILLAGE PUBLIC INFRASTRUCTURE DISTRI | CUSIP: 59561UAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1768373.40   | 0.21%             | 2039-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH                                                | BUCKEYE OH TOBACCO SETTLEMENT BUCKEYE TOBACCO SETTLEMENT FINANCING AUTHORITY      | CUSIP: 118217DA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  54300000 | PA      | $4750647.27   | 0.57%             | 2057-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| RENO NEV SALES TAX REV                                                               | RENO NV SALES TAX REVENUE CITY OF RENO NV                                         | CUSIP: 759861EK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $1154728.00   | 0.14%             | 2058-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER CNTY PA HOSP AUTH REV                                                      | LANCASTER CNTY PA HOSP AUTH LANCASTER COUNTY HOSPITAL AUTHORITY/PA                | CUSIP: 514045W66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2911731.60   | 0.35%             | 2051-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST JOHNS CNTY FLA INDL DEV AUTH SR LIVING REV                                        | SAINT JOHNS CNTY FL INDL DEV A ST JOHNS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY   | CUSIP: 79041LAP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $704409.71    | 0.09%             | 2046-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REV                                 | ALLENTOWN PA NEIGHBORHOOD IMPT ALLENTOWN NEIGHBORHOOD IMPROVEMENT ZONE DEVELOPMEN | CUSIP: 018444CA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2024054.95   | 0.24%             | 2042-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BRAZORIA CNTY TEX INDL DEV CORP SOLID WASTE DISP FACS REV                            | BRAZORIA CNTY TX INDL DEV CORP BRAZORIA COUNTY INDUSTRIAL DEVELOPMENT CORP        | CUSIP: 10604PAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5255000 | PA      | $1313750.00   | 0.16%             | 2039-03-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                               | FEDERAL HOME LOAN MTGE CORP MU FREDDIE MAC MULTIFAMILY ML CERTIFICATES            | CUSIP: 3137HB2V5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5163315 | PA      | $5162013.08   | 0.62%             | 2036-12-25      | Floating      | 4.03%                 | No            |                  2 | On Loan: No      |
| BRAZORIA CNTY TEX INDL DEV CORP SOLID WASTE DISP FACS REV                            | BRAZORIA CNTY TX INDL DEV CORP BRAZORIA COUNTY INDUSTRIAL DEVELOPMENT CORP        | CUSIP: 10604PAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $120000.00    | 0.01%             | 2039-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS EDL FAC REV                                                      | PUBLIC FIN AUTH WI EDUCTNL FAC PUBLIC FINANCE AUTHORITY                           | CUSIP: 74443DGN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $680364.20    | 0.08%             | 2051-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS PROJ REV                                                         | PUBLIC FIN AUTH WI PROJ REVENU PUBLIC FINANCE AUTHORITY                           | CUSIP: 74444UAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3314664.60   | 0.40%             | 2050-01-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ENERGY FIN DEV CORP ENERGY SUPPLY REV                                       | NEW YORK ENERGY FIN DEV CORP NEW YORK ENERGY FINANCE DEVELOPMENT CORP             | CUSIP: 64947PAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1680631.68   | 0.20%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                                                                     | MASSACHUSETTS ST COMMONWEALTH OF MASSACHUSETTS                                    | CUSIP: 57582TFE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1845903.06   | 0.22%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP EDL FACS REV                                                    | FLORIDA ST DEV FIN CORP EDUCTN FLORIDA DEVELOPMENT FINANCE CORP                   | CUSIP: 34061UHH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $471738.70    | 0.06%             | 2056-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY HOMEOWNERSHIP REV                                         | NORTH CAROLINA ST HSG FIN AGY NORTH CAROLINA HOUSING FINANCE AGENCY               | CUSIP: 6582077Q2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $995351.88    | 0.12%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                                       | BNP PARIBAS SA 144A 8.500000% MATURITY: PERPETUAL                                 | CUSIP: 05565A5R0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | NUSS              | FR        |   1400000 | PA      | $1487029.60   | 0.18%             | 2174-02-14      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMN                                                          | WASHINGTON STATE HOUSING FINANCE COMMISSION WSHFC 2025-1 A2                       | CUSIP: 93978UDU7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    600000 | PA      | $532812.96    | 0.06%             | 2063-08-15      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| ANGELINA & NECHES RIV AUTH TEX INDL DEV CORP SOLID WASTE DISP & WASTEWATER TREATMENT | ANGELINA & NECHES RIVER AUTH I ANGELINA & NECHES RIVER AUTHORITY                  | CUSIP: 03469KAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $346612.50    | 0.04%             | 2045-12-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| SARASOTA CNTY FLA HEALTH FACS AUTH RETIREMENT FAC REV                                | SARASOTA CNTY FL HLTH FACS AUT SARASOTA COUNTY HEALTH FACILITIES AUTHORITY        | CUSIP: 80329UBG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $754484.70    | 0.09%             | 2028-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PINERY COML MET DIST NO 2 COLO SPL REV                                               | PINERY CO COML MET DIST #2 SPL PINERY COMMERCIAL METROPOLITAN DISTRICT NO 2       | CUSIP: 72330FAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $475069.55    | 0.06%             | 2054-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KEYCORP                                                                              | KeyCorp PREFERRED STOCK                                                           | CUSIP: 493267843<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               |  | US        |     15000 | NS      | $372000.00    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                                                             | TREASURY BILL 0.000000% 10/14/2025                                                | CUSIP: 912797RC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5700000 | PA      | $5672302.73   | 0.69%             | 2025-10-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP SPL FAC REV                                                 | NEW YORK ST TRANSPRTN DEV CORP NEW YORK TRANSPORTATION DEVELOPMENT CORP           | CUSIP: 650116GW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2031541.40   | 0.25%             | 2044-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PRONGHORN VY MET DIST COLO                                                           | PRONGHORN VLY MET DIST CO PRONGHORN VALLEY METROPOLITAN DISTRICT                  | CUSIP: 74344YAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $191785.45    | 0.02%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MIDTOWN MIAMI CMNTY DEV DIST FLA SPL ASSMT REV                                       | MIDTOWN MIAMI FL CDD SPL ASSMN MIDTOWN MIAMI COMMUNITY DEVELOPMENT DISTRICT       | CUSIP: 59807PAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1631289.82   | 0.20%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BIRMINGHAM ALA SPL CARE FACS FING AUTH REVS                                          | BIRMINGHAM AL SPL CARE FACS FI ALABAMA SPECIAL CARE FACILITIES FINANCING AUTHORIT | CUSIP: 091081DN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $702231.44    | 0.08%             | 2045-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                          | WASHINGTON ST HSG FIN COMMISSI WASHINGTON STATE HOUSING FINANCE COMMISSION        | CUSIP: 93978T4M8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3046692 | PA      | $2784755.22   | 0.34%             | 2037-04-20      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| HARVEST CROSSING MET DIST NO 4 COLO                                                  | HARVEST CROSSING MET DIST #4 C HARVEST CROSSING METROPOLITAN DISTRICT NO 4        | CUSIP: 41753TAA7<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1500000 | PA      | $1496497.05   | 0.18%             | 2052-12-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV                           | GOLDEN ST TOBACCO SECURITIZATI GOLDEN STATE TOBACCO SECURITIZATION CORP           | CUSIP: 38122ND82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1094243.82   | 0.13%             | 2050-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| AFFORDABLE HSG OPPORTUNITIES TR                                                      | AFFORDABLE HSG OPPORTUNITIES T AFFORDABLE HOUSING OPPORTUNITIES TRUST SERIES AH-0 | CUSIP: 00826SAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1895000 | PA      | $1751456.40   | 0.21%             | 2038-10-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS REV                                                              | PUBLIC FIN AUTH WI REVENUE PUBLIC FINANCE AUTHORITY                               | CUSIP: 74442PDD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $1925000.00   | 0.23%             | 2046-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NORTH TEX MUN WTR DIST TEX WTR SYS REV                                               | N TEXAS ST MUNI WTR DIST WTR S NORTH TEXAS MUNICIPAL WATER DISTRICT WATER SYSTEM  | CUSIP: 662903K44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5100814.00   | 0.62%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                             | LLOYDS BANKING GROUP PLC 8.000000% MATURITY: PERPETUAL                            | CUSIP: 53944YAV5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | NUSS              | GB        |   4800000 | PA      | $5155824.00   | 0.62%             | 2174-06-27      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GAINESVILLE & HALL CNTY GA DEV AUTH EDL FACS REV                                     | GAINESVILLE & HALL CNTY GA DEV GAINESVILLE & HALL COUNTY DEVELOPMENT AUTHORITY    | CUSIP: 36274PAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1620000 | PA      | $810000.00    | 0.10%             | 2052-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| AFFORDABLE HSG OPPORTUNITIES TR                                                      | AFFORDABLE HSG OPPORTUNITIES T AFFORDABLE HOUSING OPPORTUNITIES TRUST SERIES AH-0 | CUSIP: 00826SAQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10750000 | PA      | $8837618.00   | 1.07%             | 2038-10-01      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA DEV FIN AUTH REV                                                            | OKLAHOMA ST DEV FIN AUTH OKLAHOMA DEVELOPMENT FINANCE AUTHORITY                   | CUSIP: 6789083M4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2790000 | PA      | $2654486.35   | 0.32%             | 2035-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ST CLOUD MINN CHARTER SCH LEASE REV                                                  | ST CLOUD MN CHRT SCH LEASE REV CITY OF ST CLOUD MN                                | CUSIP: 788326AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99029.92     | 0.01%             | 2026-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                                                 | M&T BANK CORP 3.500000% MATURITY: PERPETUAL                                       | CUSIP: 55261FAN4<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1933214.00   | 0.23%             | 2174-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN CORP TEX SR LIVING REV                                 | NEW HOPE CULTURAL EDU FACS FIN NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE COR | CUSIP: 64542PCJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $125000.00    | 0.02%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH EXEMPT FAC REV                                                      | INDIANA ST FIN AUTH EXEMPT FAC INDIANA FINANCE AUTHORITY                          | CUSIP: 45470DAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10200000 | PA      | $510000.00    | 0.06%             | 2039-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV                              | CALIFORNIA CMNTY CHOICE FING A CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY    | CUSIP: 13013JFR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3334235.07   | 0.40%             | 2055-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH POLLUTION CTL REV                               | CALIFORNIA ST STWD CMNTYS DEVA CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHO | CUSIP: 13078HBA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2258813.26   | 0.27%             | 2033-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Banco Santander, S.A.                                                                | BANCO SANTANDER SA 9.625000% MATURITY: PERPETUAL                                  | CUSIP: 05971KAP4<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | NUSS              | ES        |   3000000 | PA      | $3320936.91   | 0.40%             | 2174-02-21      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| WICHITA KANS HEALTH CARE FACS REV                                                    | WICHITA KS HLTH CARE FACS REVE CITY OF WICHITA KS                                 | CUSIP: 967249QU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $478095.96    | 0.06%             | 2050-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allianz SE                                                                           | ALLIANZ SE 144A 3.500000% MATURITY: PERPETUAL                                     | CUSIP: 018820AA8<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | NUSS              | DE        |   2600000 | PA      | $2576490.54   | 0.31%             | 2174-04-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP, INC.                                                       | CITIZENS FINANCIAL GROUP INC 5.650000% MATURITY: PERPETUAL                        | CUSIP: 174610AU9<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1498847.85   | 0.18%             | 2173-10-06      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH                                                | BUCKEYE OH TOBACCO SETTLEMENT BUCKEYE TOBACCO SETTLEMENT FINANCING AUTHORITY      | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5600000 | PA      | $4523284.08   | 0.55%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HANOVER CNTY VA ECONOMIC DEV AUTH RESIDENTIAL CARE FAC REV                           | HANOVER CNTY VA ECON DEV AUTHR HANOVER COUNTY ECONOMIC DEVELOPMENT AUTHORITY      | CUSIP: 41077CAQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $375269.55    | 0.05%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ENERGY ACQUISITION CORP GAS REV                                            | TENNESSEE ST ENERGY ACQUISITIO TENNESSEE ENERGY ACQUISITION CORP                  | CUSIP: 880443EE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4086347.60   | 0.49%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORPORATION                                                        | Regions Financial Corp PREFERRED STOCK                                            | CUSIP: 7591EP860<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               |  | US        |      5000 | NS      | $128450.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                       | Morgan Stanley PREFERRED STOCK                                                    | CUSIP: 61747S504<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               |  | US        |    133149 | NS      | $2902648.20   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ALLSTATE CORPORATION                                                             | Allstate Corp/The PREFERRED STOCK                                                 | CUSIP: 020002812<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EP               |  | US        |     21234 | NS      | $429139.14    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| HIGHLANDS CNTY FLA HEALTH FACS AUTH SR LIVING REV                                    | HIGHLANDS CNTY FL HLTH FACS AU HIGHLANDS COUNTY HEALTH FACILITIES AUTHORITY       | CUSIP: 43102XAG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    317518 | PA      | $3968.98      | 0.00%             | 2038-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EQUITABLE HOLDINGS, INC.                                                             | Equitable Holdings Inc PREFERRED STOCK                                            | CUSIP: 29452E408<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EP               |  | US        |     51362 | NS      | $891130.70    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| IOWA FIN AUTH MIDWESTERN DISASTER AREA REV                                           | IOWA ST FIN AUTH MIDWSTRN DISA IOWA FINANCE AUTHORITY                             | CUSIP: 46246SAW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4491425.82   | 0.54%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PATRIOTS ENERGY GROUP FING AGY S C GAS SUPPLY REV                                    | PATRIOTS ENERGY GROUP FING AGY PATRIOTS ENERGY GROUP FINANCING AGENCY             | CUSIP: 70342PAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1945575.36   | 0.24%             | 2054-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| IDAHO HSG & FIN ASSN NONPROFIT FACS REV                                              | IDAHO ST HSG & FIN ASSN NONPRO IDAHO HOUSING & FINANCE ASSOCIATION                | CUSIP: 45129GDD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $226191.56    | 0.03%             | 2029-07-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP, INC.                                                       | CITIZENS FINANCIAL GROUP INC 4.000000% MATURITY: PERPETUAL                        | CUSIP: 174610BD6<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2540727.28   | 0.31%             | 2173-10-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV                           | LOUISIANA ST LOCAL GOVT ENVRNM LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIE | CUSIP: 54628CES7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $641195.73    | 0.08%             | 2039-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH SR LIVING REV                                                  | ARIZONA ST INDL DEV AUTH SENIO ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY           | CUSIP: 04052TDC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4425000 | PA      | $3986247.98   | 0.48%             | 2059-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BAYTOWN TEX MUN DEV DIST HOTEL REV                                                   | BAYTOWN MUNI DEV DIST TX BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT                   | CUSIP: 073201AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $388631.75    | 0.05%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS TEX HSG FIN CORP MULTIFAMILY HSG REV                                          | DALLAS TX HSG FIN CORP CITY OF DALLAS HOUSING FINANCE CORP                        | CUSIP: 235298BW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970206.50    | 0.12%             | 2041-10-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH LTD OBLIG REV                                                      | MICHIGAN ST FIN AUTH LTD OBLIG MICHIGAN FINANCE AUTHORITY                         | CUSIP: 594479FS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $150696.15    | 0.02%             | 2040-09-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWR REV                                                    | PUERTO RICO ELEC PWR AUTH PWRR PUERTO RICO ELECTRIC POWER AUTHORITY               | CUSIP: 74526QLY6<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   6570000 | PA      | $6317382.19   | 0.76%             | 2029-07-01      | Floating      | 3.57%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                     | NEW JERSEY ST ECON DEV AUTH RE NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY          | CUSIP: 64577XEE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4003234.00   | 0.48%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS EDL FAC REV                                                      | PUBLIC FIN AUTH WI EDUCTNL FAC PUBLIC FINANCE AUTHORITY                           | CUSIP: 74443DDG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2271943.50   | 0.27%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH ED REV                                                         | ARIZONA ST INDL DEV AUTH EDU R ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY           | CUSIP: 04052BGZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1483363.15   | 0.18%             | 2038-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TULSA OKLA MUN ARPT TR REV                                                           | TULSA OK MUNI ARPT TRUST TRUST TULSA MUNICIPAL AIRPORT TRUST TRUSTEES/OK          | CUSIP: 899661EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3312640.20   | 0.40%             | 2035-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Finance Authority                                                 | TOBACCO SETTLEMENT FIN AUTH WV TOBACCO SETTLEMENT FINANCE AUTHORITY               | CUSIP: 88880LAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  73250000 | PA      | $6511983.60   | 0.79%             | 2047-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN TOB SETTLEMENT FIN AUTH TOB SETTLEMENT ASSET BACKED REV                     | MICHIGAN ST TOBACCO SETTLEMENT MICHIGAN TOBACCO SETTLEMENT FINANCE AUTHORITY      | CUSIP: 594751AM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 125250000 | PA      | $3247820.18   | 0.39%             | 2058-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWR REV                                                    | PUERTO RICO ELEC PWR AUTH PWRR PUERTO RICO ELECTRIC POWER AUTHORITY               | CUSIP: 74526YEX9<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   1380000 | PA      | $903900.00    | 0.11%             | 2020-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT AUTH ARPT REV                                                 | ALLEGHENY CNTY PA ARPT AUTH AR ALLEGHENY COUNTY AIRPORT AUTHORITY                 | CUSIP: 01728LFK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $960732.40    | 0.12%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO EDL & CULTURAL FACS AUTH REV                                                | COLORADO EDUCTNL & CULTURAL AU COLORADO EDUCATIONAL & CULTURAL FACILITIES AUTHORI | CUSIP: 19645UHM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $394269.84    | 0.05%             | 2061-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY REV                                                     | MASSACHUSETTS ST DEV FIN AGY R MASSACHUSETTS DEVELOPMENT FINANCE AGENCY           | CUSIP: 57585BPA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1584325.12   | 0.19%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DETROIT MICH                                                                         | DETROIT MI CITY OF DETROIT MI                                                     | CUSIP: 251093S84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5767043 | PA      | $4525204.29   | 0.55%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS SR LIVING REV                                                    | PUBLIC FIN AUTH WI SENIOR LIVI PUBLIC FINANCE AUTHORITY                           | CUSIP: 74443UBC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1546659.98   | 0.19%             | 2052-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE CNTY FLA INDL DEV AUTH UTIL SYS REV                                        | CHARLOTTE CNTY FL INDL DEV AUT CHARLOTTE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/ | CUSIP: 16080TAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $605386.92    | 0.07%             | 2055-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH REV                                                                | ILLINOIS ST FIN AUTH REVENUE ILLINOIS FINANCE AUTHORITY                           | CUSIP: 45204EA73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560613 | PA      | $12484.91     | 0.00%             | 2045-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                                   | CREDIT AGRICOLE SA 144A 8.125000% MATURITY: PERPETUAL                             | CUSIP: 225313AJ4<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | NUSS              | FR        |   2000000 | PA      | $2014559.10   | 0.24%             | 2174-03-23      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORPORATION                                                    | Capital One Financial Corp PREFERRED STOCK                                        | CUSIP: 14040H824<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               |  | US        |     70400 | NS      | $1388288.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| LEWISTOWN COMM CTR CMNTY DEV AUTH VA REV                                             | LEWISTOWN COMMERCE CENTER VA C LEWISTOWN COMMERCE CENTER COMMUNITY DEVELOPMENT AU | CUSIP: 528734AH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     34420 | PA      | $23212.17     | 0.00%             | 2044-03-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH SR LIVING REV                                                  | ARIZONA ST INDL DEV AUTH SENIO ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY           | CUSIP: 04052TDD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1003495 | PA      | $765772.20    | 0.09%             | 2059-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| DENVER COLO INTL BUSINESS CTR MET DIST NO 1                                          | DENVER CO INTERNATIONAL BUSINE DENVER INTERNATIONAL BUSINESS CENTER METROPOLITAN  | CUSIP: 249197BB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1144000 | PA      | $1144610.44   | 0.14%             | 2048-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| THE PNC FINANCIAL SERVICES GROUP, INC.                                               | PNC FINANCIAL SERVICES GROUP INC/THE 6.000000% MATURITY: PERPETUAL                | CUSIP: 693475BD6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   3400000 | PA      | $3422759.60   | 0.41%             | 2174-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                                                 | JPMORGAN CHASE & CO 6.500000% MATURITY: PERPETUAL                                 | CUSIP: 48128AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1540609.50   | 0.19%             | 2174-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KEYCORP                                                                              | KEYCORP 5.000000% MATURITY: PERPETUAL                                             | CUSIP: 493267AK4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2965637.40   | 0.36%             | 2173-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER CNTY PA HOSP AUTH REV                                                      | LANCASTER CNTY PA HOSP AUTH LANCASTER COUNTY HOSPITAL AUTHORITY/PA                | CUSIP: 514045W58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2458297.75   | 0.30%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FLA SEAPORT REV                                                      | MIAMI-DADE CNTY FL SEAPORT REV COUNTY OF MIAMI-DADE SEAPORT DEPARTMENT            | CUSIP: 59335KFB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991500.40    | 0.12%             | 2052-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL O HARE INTL ARPT SPL FAC REV                                             | CHICAGO IL O'HARE INTERNATIONA CHICAGO O'HARE INTERNATIONAL AIRPORT               | CUSIP: 167590FA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $472298.05    | 0.06%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMWLTH                                                                  | PUERTO RICO CMWLTH COMMONWEALTH OF PUERTO RICO                                    | CUSIP: 74514L4C8<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  18923889 | PA      | $12276873.26  | 1.48%             | 2051-11-01      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| STIFEL FINANCIAL CORP.                                                               | Stifel Financial Corp PREFERRED STOCK                                             | CUSIP: 860630862<br>LEI: 549300E5F07FE5GHJX84 | Long             | EP               |  | US        |     41828 | NS      | $759178.20    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY OHIO SR LIVING REV                                                   | MONTGOMERY CNTY OH SENIOR LIVI COUNTY OF MONTGOMERY OH                            | CUSIP: 613554AF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1281980 | PA      | $16024.75     | 0.00%             | 2038-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                         | UBS GROUP AG 144A 9.250000% MATURITY: PERPETUAL                                   | CUSIP: 902613BF4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | NUSS              | CH        |   2000000 | PA      | $2191878.00   | 0.26%             | 2174-05-13      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH SOLID WASTE DISP REV                           | SOUTH CAROLINA ST JOBS-ECON DE SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY | CUSIP: 83704DAJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $124000.00    | 0.01%             | 2029-12-06      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Dominion Energy, Inc.                                                                | DOMINION ENERGY INC 4.350000% MATURITY: PERPETUAL                                 | CUSIP: 25746UDM8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1078860.20   | 0.13%             | 2174-04-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORPORATION                                                             | STATE STREET CORP 6.450000% MATURITY: PERPETUAL                                   | CUSIP: 857477CS0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2440886.40   | 0.29%             | 2174-06-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| TOLL ROAD INVESTORS PARTNERSHIP II, L.P.                                             | TOLL ROAD INVESTORS PARTNERSHIP II LP 144A ZERO COUPON 02/15/2043                 | CUSIP: 88948ABM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  19265863 | PA      | $6459843.89   | 0.78%             | 2043-02-15      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                                | WELLS FARGO & CO 3.900000% MATURITY: PERPETUAL                                    | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1485573.60   | 0.18%             | 2174-03-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria, S.A.                                                | BANCO BILBAO VIZCAYA ARGENTARIA SA 9.375000% MATURITY: PERPETUAL                  | CUSIP: 05946KAM3<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | NUSS              | ES        |   1200000 | PA      | $1326375.60   | 0.16%             | 2173-12-19      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| SOUTHCENTRAL PA GEN AUTH REV                                                         | SOUTHCENTRL PA GEN AUTH REVENU GENERAL AUTHORITY OF SOUTHCENTRAL PENNSYLVANIA     | CUSIP: 84129NLE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2816239.44   | 0.34%             | 2048-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWR REV                                                    | PUERTO RICO ELEC PWR AUTH PWRR PUERTO RICO ELECTRIC POWER AUTHORITY               | CUSIP: 74526YFW0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   1265000 | PA      | $828575.00    | 0.10%             | 2019-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA DEV AUTH REV                                                              | ATLANTA GA DEV AUTH ATLANTA DEVELOPMENT AUTHORITY/THE                             | CUSIP: 04780NMW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300282.06    | 0.04%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST CHARTER SCH FIN AUTH CHARTER SCH REV                                         | UTAH ST CHRT SCH FIN AUTH CHRT UTAH CHARTER SCHOOL FINANCE AUTHORITY              | CUSIP: 91754TVG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $199901.76    | 0.02%             | 2027-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                          | ILLINOIS ST STATE OF ILLINOIS                                                     | CUSIP: 452153KA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2039249.60   | 0.25%             | 2043-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ANGELINA & NECHES RIV AUTH TEX INDL DEV CORP SOLID WASTE DISP & WASTEWATER TREATMENT | ANGELINA & NECHES RIVER AUTH I ANGELINA & NECHES RIVER AUTHORITY                  | CUSIP: 03469KAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $174965.88    | 0.02%             | 2045-12-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUB FIN AUTH SR LIVING REV                                                | CALIFORNIA PUBLIC FIN AUTH SEN CALIFORNIA PUBLIC FINANCE AUTHORITY                | CUSIP: 13057GAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $434470.70    | 0.05%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH LTD OBLIG REV                                                      | MICHIGAN ST FIN AUTH LTD OBLIG MICHIGAN FINANCE AUTHORITY                         | CUSIP: 594479FT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $231625.27    | 0.03%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHATTANOOGA TENN HEALTH EDL & HSG FAC BRD HEALTH SYS REV                             | CHATTANOOGA TN HLTH EDUCTNL & CHATTANOOGA HEALTH EDUCATIONAL & HOUSING FACILITY   | CUSIP: 162409AN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012640.80   | 0.12%             | 2049-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH REV                                                                | ILLINOIS ST FIN AUTH REVENUE ILLINOIS FINANCE AUTHORITY                           | CUSIP: 45204FKR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $286600.97    | 0.03%             | 2042-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DETROIT MICH                                                                         | DETROIT MI CITY OF DETROIT MI                                                     | CUSIP: 2510936C9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1100861.10   | 0.13%             | 2039-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CNTYS TOB TR V                                                              | NEW YORK CNTYS NY TOBACCO TRUS NEW YORK COUNTIES TOBACCO TRUST V                  | CUSIP: 649441AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  28000000 | PA      | $2111953.20   | 0.26%             | 2055-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SPRING VY CMNTY INFRASTRUCTURE DIST NO 1 IDAHO SPL ASSMT                             | SPRING VLY CMNTY INFRASTRUCTUR SPRING VALLEY COMMUNITY INFRASTRUCTURE DISTRICT NO | CUSIP: 850072AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1245590.22   | 0.15%             | 2051-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AUSTIN AFFORDABLE PFC INC TEX MULTIFAMILY HSG REV                                    | AUSTIN TX AFFORDABLE PUBLIC FA AUSTIN AFFORDABLE PFC INC                          | CUSIP: 05217TAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2571386.95   | 0.31%             | 2043-05-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HSG FIN AGY LTD OBLIG MULTIFAMILY HSG REV                                 | CALIFORNIA HSG FIN AGY LTD OBL CALIFORNIA HOUSING FINANCE AGENCY                  | CUSIP: 13034DAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2632676.02   | 0.32%             | 2053-11-01      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEV FING AUTH SOLID WASTE DISP REV                             | PENNSYLVANIA ST ECON DEV FING PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHOR  | CUSIP: 708692CD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $494008.55    | 0.06%             | 2047-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA POLLUTION CTL FING AUTH REV                                               | CALIFORNIA ST POLL CONTROL FIN CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY   | CUSIP: 13053CAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1367181.45   | 0.17%             | 2046-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMN MULTIFAMILY TAX-EXEMPT MTG-BKD BDS                       | WASHINGTON ST HSG FIN COMMISSI WASHINGTON STATE HOUSING FINANCE COMMISSION        | CUSIP: 93979AAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1872241.80   | 0.23%             | 2043-03-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| DAYTON-MONTGOMERY CNTY OHIO PORT AUTH MULTIFAMILY HSG REV                            | DAYTON-MONTGOMERY CNTY OH PORT DAYTON-MONTGOMERY COUNTY PORT AUTHORITY            | CUSIP: 23982CAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503603.90    | 0.06%             | 2045-01-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                                                        | GOLDMAN SACHS GROUP INC/THE 4.125000% MATURITY: PERPETUAL                         | CUSIP: 38141GYU2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1943346.20   | 0.23%             | 2174-05-10      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MUNICIPAL ELEC AUTH GA                                                               | MUNI ELEC AUTH OF GA MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA                      | CUSIP: 62620HHQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016163.10   | 0.12%             | 2064-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMWLTH                                                                  | PUERTO RICO CMWLTH COMMONWEALTH OF PUERTO RICO                                    | CUSIP: 74514L3T2<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   3812551 | PA      | $2392375.97   | 0.29%             | 2043-11-01      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                                          | BANK OF AMERICA CORP 6.125000% MATURITY: PERPETUAL                                | CUSIP: 06055HAB9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2826027.12   | 0.34%             | 2174-07-27      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| KEYCORP                                                                              | KeyCorp PREFERRED STOCK                                                           | CUSIP: 493267702<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               |  | US        |      4283 | NS      | $106903.68    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HILLSIDE ILL TAX INCREMENT REV                                                       | HILLSIDE IL TAX INCR REVENUE VILLAGE OF HILLSIDE IL                               | CUSIP: 432638AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1170320.52   | 0.14%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALHOUN CNTY TEX NAV INDL DEV AUTH FAC REV                                           | CALHOUN CNTY TX NAVIGATION IND CALHOUN COUNTY NAVIGATION INDUSTRIAL DEVELOPMENT A | CUSIP: 129729AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1939150.00   | 0.23%             | 2026-07-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH SOLID WASTE DISP FACS REV                            | WEST VIRGINIA ST ECON DEV AUTH WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY       | CUSIP: 95648VBU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2543323.75   | 0.31%             | 2055-01-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY ARIZ INDL DEV AUTH ED REV                                                  | PIMA CNTY AZ INDL DEV AUTH EDU INDUSTRIAL DEVELOPMENT AUTHORITY OF THE COUNTY OF  | CUSIP: 72177MRY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $902538.32    | 0.11%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TEXAS WTR DEV BRD REV                                                                | TEXAS WTR DEV BRD REVENUE TEXAS WATER DEVELOPMENT BOARD                           | CUSIP: 88285ADS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10500000 | PA      | $10593294.60  | 1.28%             | 2048-10-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SUFFOLK TOB ASSET SECURITIZATION CORP N Y TOB SETTLEMENT ASSET-BKD                   | SUFFOLK NY TOBACCO ASSET SECUR SUFFOLK TOBACCO ASSET SECURITIZATION CORP          | CUSIP: 864809CD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21000000 | PA      | $1710468.90   | 0.21%             | 2066-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| M-S-R ENERGY AUTH CALIF GAS REV                                                      | M-S-R CA ENERGY AUTH GAS REVEN M-S-R ENERGY AUTHORITY                             | CUSIP: 55374SAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5885000 | PA      | $6988004.36   | 0.84%             | 2039-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WICHITA KANS HEALTH CARE FACS REV                                                    | WICHITA KS HLTH CARE FACS REVE CITY OF WICHITA KS                                 | CUSIP: 967249QB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $318039.15    | 0.04%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORPORATION                                                        | Regions Financial Corp PREFERRED STOCK                                            | CUSIP: 7591EP886<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               |  | US        |     48202 | NS      | $880168.52    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| AVIATION STA NORTH MET DIST NO 2 COLO                                                | AVIATION STATION NORTH MET DIS AVIATION STATION NORTH METROPOLITAN DISTRICT NO 2  | CUSIP: 05369KAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $454174.85    | 0.05%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MUNICIPAL ELEC AUTH GA                                                               | MUNI ELEC AUTH OF GA MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA                      | CUSIP: 62620HEN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5583818.90   | 0.67%             | 2063-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV                                        | PUERTO RICO SALES TAX FING COR PUERTO RICO SALES TAX FINANCING CORP SALES TAX REV | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   4503000 | PA      | $4117900.29   | 0.50%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PAYNE CNTY OKLA ECONOMIC DEV AUTH REV                                                | PAYNE CNTY OK ECON DEV AUTH RE PAYNE COUNTY ECONOMIC DEVELOPMENT AUTHORITY        | CUSIP: 704387AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    522392 | PA      | $2194.05      | 0.00%             | 2036-11-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MIDA MTN VLG PUB INFRASTRUCTURE DIST UTAH SPL ASSMT REV                              | MIDA MOUNTAIN VLG PUBLIC INFRA MIDA MOUNTAIN VILLAGE PUBLIC INFRASTRUCTURE DISTRI | CUSIP: 59561TAQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1502631.52   | 0.18%             | 2050-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH REV                                                                | ILLINOIS ST FIN AUTH REVENUE ILLINOIS FINANCE AUTHORITY                           | CUSIP: 45204EA65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560613 | PA      | $12484.91     | 0.00%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH EXEMPT FACS REV                                         | OHIO ST AIR QUALITY DEV AUTH E OHIO AIR QUALITY DEVELOPMENT AUTHORITY             | CUSIP: 67754AAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $3694960.20   | 0.45%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS WTR DEV BRD REV                                                                | TEXAS WTR DEV BRD REVENUE TEXAS WATER DEVELOPMENT BOARD                           | CUSIP: 88285ADU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3622447.08   | 0.44%             | 2058-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORPORATION                                                             | STATE STREET CORP 6.700000% MATURITY: PERPETUAL                                   | CUSIP: 857477CM3<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1242783.60   | 0.15%             | 2173-12-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV                           | LOUISIANA ST LOCAL GOVT ENVRNM LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIE | CUSIP: 54628CJC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $336692.08    | 0.04%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEV FING AUTH REV                                              | PENNSYLVANIA ST ECON DEV FING PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHOR  | CUSIP: 70869PPB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1195682.38   | 0.14%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H MUN CTFS                                                       | NATIONAL FIN AUTH NH MUNI CTFS NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY           | CUSIP: 63607WAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3927854 | PA      | $3685872.75   | 0.45%             | 2034-09-20      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                                                             | AMERICAN EXPRESS CO 3.550000% MATURITY: PERPETUAL                                 | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5854599.00   | 0.71%             | 2173-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMN NONPROFIT HSG REV                                        | WASHINGTON ST HSG FIN COMMISSI WASHINGTON STATE HOUSING FINANCE COMMISSION        | CUSIP: 939783Q74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $991764.17    | 0.12%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN CORP TEX SR LIVING REV                                 | NEW HOPE CULTURAL EDU FACS FIN NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE COR | CUSIP: 64542PEX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $416051.30    | 0.05%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH ED REV                                                         | ARIZONA ST INDL DEV AUTH EDU R ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY           | CUSIP: 04052BAN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1037633.13   | 0.13%             | 2050-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CAPITAL TR AGY FLA REV                                                               | CAPITAL TRUST AGY FL REVENUE CAPITAL TRUST AGENCY INC                             | CUSIP: 14052WDK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2818245.15   | 0.34%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN DEV & HSG AGY TENN TAX INCREMENT DEV REV                                | NASHVILLE MET DEV & HSG AGY TN NASHVILLE METROPOLITAN DEVELOPMENT & HOUSING AGENC | CUSIP: 591874AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $344176.56    | 0.04%             | 2028-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH MULTIFAMILY HSG REV                             | CALIFORNIA ST STWD CMNTYS DEV CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHO  | CUSIP: 13079PXY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1960000 | PA      | $1657121.79   | 0.20%             | 2059-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                         | UBS GROUP AG 144A 4.375000% MATURITY: PERPETUAL                                   | CUSIP: 902613AD0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | NUSS              | CH        |   6000000 | PA      | $5379575.40   | 0.65%             | 2174-08-10      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UIPA CROSSROADS PUB INFRASTRUCTURE DIST UTAH TAX DIFFERENTIAL REV                    | UIPA CROSSROADS PUB INFRASTRUC UIPA CROSSROADS PUBLIC INFRASTRUCTURE DISTRICT     | CUSIP: 90279EAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $854458.10    | 0.10%             | 2052-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN CORP TEX RETIREMENT FAC REV                            | NEW HOPE CULTURAL ED FACS FIN NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE COR  | CUSIP: 64542UDW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $476598.90    | 0.06%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT AUTH CALIF ESSENTIAL HSG REV                                        | CSCDA CMNTY IMPT AUTH CA ESSEN CSCDA COMMUNITY IMPROVEMENT AUTHORITY              | CUSIP: 126292CP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7800000 | PA      | $4679281.62   | 0.57%             | 2062-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                          | FEDERAL HOME LOAN MTGE CORP MF FHLMC MULTIFAMILY VRD CERTIFICATES                 | CUSIP: 31350ADW5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |   6289585 | PA      | $6354222.84   | 0.77%             | 2043-01-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY INDL DEV AGY REV                                                   | NEW YORK CITY NY INDL DEV AGY NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY         | CUSIP: 64971PFB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $425055.76    | 0.05%             | 2026-03-01      | Floating      | 3.55%                 | No            |                  2 | On Loan: No      |
| DIRECTOR ST NEV DEPT BUSINESS & IND ENVIRONMENTAL IMPT REV                           | DIRECTOR OF THE ST OF NEVADA D STATE OF NEVADA DEPARTMENT OF BUSINESS & INDUSTRY  | CUSIP: 25461PAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1754069 | PA      | $17.54        | 0.00%             | 2037-12-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV                                        | PUERTO RICO SALES TAX FING COR PUERTO RICO SALES TAX FINANCING CORP SALES TAX REV | CUSIP: 74529JRQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   2000000 | PA      | $1904312.80   | 0.23%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corporation                                              | BANK OF NEW YORK MELLON CORP/THE 3.750000% MATURITY: PERPETUAL                    | CUSIP: 064058AL4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   4300000 | PA      | $4168155.98   | 0.50%             | 2174-03-20      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| U.S. BANCORP                                                                         | US Bancorp PREFERRED STOCK                                                        | CUSIP: 902973759<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               |  | US        |     19936 | NS      | $475074.88    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORONGO BAND OF MISSION INDIANS CALIF REV                                            | MORONGO BAND OF MISSION INDIAN MORONGO BAND OF MISSION INDIANS/THE                | CUSIP: 61773RAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987118.80    | 0.12%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN TOB SETTLEMENT FIN AUTH TOB SETTLEMENT ASSET BACKED REV                     | MICHIGAN ST TOBACCO SETTLEMENT MICHIGAN TOBACCO SETTLEMENT FINANCE AUTHORITY      | CUSIP: 594751AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  28500000 | PA      | $3618941.40   | 0.44%             | 2046-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ARKANSAS ST DEV FIN AUTH ENVIRONMENTAL IMPT REV                                      | ARKANSAS DEV FIN AUTH ENVIRONM ARKANSAS DEVELOPMENT FINANCE AUTHORITY             | CUSIP: 04110FAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $761050.59    | 0.09%             | 2052-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| NORTH FT BEND WTR AUTH TEX WTR SYS REV                                               | N FORT BEND TX WTR AUTH WTR SY NORTH FORT BEND WATER AUTHORITY                    | CUSIP: 65944RKW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6455000 | PA      | $5609884.29   | 0.68%             | 2044-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| THE CHARLES SCHWAB CORPORATION                                                       | CHARLES SCHWAB CORP/THE 4.000000% MATURITY: PERPETUAL                             | CUSIP: 808513BK0<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5909602.80   | 0.71%             | 2174-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LEES SUMMIT MO INDL DEV AUTH SR LIVING FACS REV                                      | LEES SUMMIT MO INDL DEV AUTH S LEES SUMMIT INDUSTRIAL DEVELOPMENT AUTHORITY       | CUSIP: 524292AS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $840322.77    | 0.10%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP REV                                                             | FLORIDA ST DEV FIN CORP FLORIDA DEVELOPMENT FINANCE CORP                          | CUSIP: 340618DR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2393516.00   | 0.29%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                                                    | NATWEST GROUP PLC 8.125000% MATURITY: PERPETUAL                                   | CUSIP: 639057AQ1<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | NUSS              | GB        |   2000000 | PA      | $2214470.00   | 0.27%             | 2174-06-30      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| IOWA FIN AUTH REV                                                                    | IOWA ST FIN AUTH REVENUE IOWA FINANCE AUTHORITY                                   | CUSIP: 46247SFU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $901339.00    | 0.11%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                                                        | Goldman Sachs Group Inc/The PREFERRED STOCK                                       | CUSIP: 38144G804<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               |  | US        |      4166 | NS      | $88652.48     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV                                      | CALIFORNIA ST INFRASTRUCTURE & CALIFORNIA INFRASTRUCTURE & ECONOMIC DEVELOPMENT B | CUSIP: 13034AG87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $531874.63    | 0.06%             | 2035-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LA BANQUE TORONTO-DOMINION                                                           | TORONTO-DOMINION BANK/THE 8.125000% 10/31/2082                                    | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | NUSS              | CA        |   4000000 | PA      | $4212564.00   | 0.51%             | 2082-10-31      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA POLLUTN CTL FING AUTH SOLID WASTE DISP REV                                | CALIFORNIA ST POLL CONTROL FIN CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY   | CUSIP: 130536RK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3431558 | PA      | $34.32        | 0.00%             | 2039-12-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                                                 | M&T Bank Corp PREFERRED STOCK                                                     | CUSIP: 55261F872<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               |  | US        |     12841 | NS      | $317814.75    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORPORATION                                                    | CAPITAL ONE FINANCIAL CORP 3.950000% MATURITY: PERPETUAL                          | CUSIP: 14040HCF0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   5300000 | PA      | $5193561.69   | 0.63%             | 2173-09-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HSG FIN AGY LTD OBLIG MULTIFAMILY HSG REV                                 | CALIFORNIA HSG FIN AGY LTD OBL VARIABLE-REF-VOSE APARTMENTS-K                     | CUSIP: 13034DAJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6200000 | PA      | $6330797.68   | 0.77%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MIDA MTN VLG PUB INFRASTRUCTURE DIST UTAH TAX ALLOCATION REV                         | MIDA MOUNTAIN VLG PUBLIC INFRA MIDA MOUNTAIN VILLAGE PUBLIC INFRASTRUCTURE DISTRI | CUSIP: 59561UAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991423.00    | 0.12%             | 2054-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                                          | BANK OF AMERICA CORP 4.375000% MATURITY: PERPETUAL                                | CUSIP: 060505GB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2442041.25   | 0.30%             | 2174-04-27      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH HOSP REV                                              | WEST VIRGINIA ST HOSP FIN AUTH WEST VIRGINIA HOSPITAL FINANCE AUTHORITY           | CUSIP: 956622X25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2214619.26   | 0.27%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA HIGHER EDL FACS FING AUTH REV                                                | FLORIDA ST HGR EDUCTNL FACS FI FLORIDA HIGHER EDUCATIONAL FACILITIES FINANCING AU | CUSIP: 34073TKV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $473274.95    | 0.06%             | 2033-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VILLAGE AT DRY CREEK MET DIST NO 2 COLO                                              | VLG AT DRY CREEK MET DIST NO 2 VILLAGE AT DRY CREEK METROPOLITAN DISTRICT NO 2/TH | CUSIP: 92705AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    313000 | PA      | $283167.03    | 0.03%             | 2044-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV                                          | PUBLIC AUTH FOR COLORADO ST EN PUBLIC AUTHORITY FOR COLORADO ENERGY               | CUSIP: 744387AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $566379.00    | 0.07%             | 2028-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BROADWAY STA MET DIST NO 3 COLO                                                      | BROADWAY STATION MET DIST NO 3 BROADWAY STATION METROPOLITAN DISTRICT NO 3        | CUSIP: 111571AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $366907.60    | 0.04%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH REV                                                                | ILLINOIS ST FIN AUTH REVENUE ILLINOIS FINANCE AUTHORITY                           | CUSIP: 45204FP74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $523559.24    | 0.06%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANQUE ROYALE DU CANADA                                                              | ROYAL BANK OF CANADA 6.750000% 08/24/2085                                         | CUSIP: 780082AV5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | NUSS              | CA        |    900000 | PA      | $914429.70    | 0.11%             | 2085-08-24      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT AUTH CALIF ESSENTIAL HSG REV                                        | CSCDA CMNTY IMPT AUTH CA ESSEN CSCDA COMMUNITY IMPROVEMENT AUTHORITY              | CUSIP: 126292AX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $716484.10    | 0.09%             | 2057-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-31

**Name of Applicant:** SEI TAX EXEMPT TRUST

**Signature:** Glenn Kurdziel

**Name of Signer:** Glenn Kurdziel

**Title:** Controller and Chief Financial Officer