# EDGAR Filing Document

**Accession Number:** 0000746601
**File Stem:** 0000940400-25-009489
**Filing Date:** 2025-11
**Character Count:** 137470
**Document Hash:** f83774e36b84f59700047cc991eb86fd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-009489.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0000940400-25-009489

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SIT MUTUAL FUNDS II INC
- **CENTRAL INDEX KEY:** 0000746601

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04033
- **FILM NUMBER:** 251512239

**BUSINESS ADDRESS:**
- **STREET 1:** 3300 IDS CTR, 80 S. 8TH STREET
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402
- **BUSINESS PHONE:** 612-332-3223

**MAIL ADDRESS:**
- **STREET 1:** 3300 IDS CTR, 80 S. 8TH STREET
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SIT NEW BEGINNING TAX FREE INCOME FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SIT NEW BEGINNING YIELD FUND INC
- **DATE OF NAME CHANGE:** 19880929

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEW BEGINNING YIELD FUND INC
- **DATE OF NAME CHANGE:** 19870907

## Series and Classes Contracts Data

### Sit Tax-Free Income Fund (Series ID: S000003467)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000009601 | Sit Tax-Free Income Fund - Class S | SNTIX           |
| C000229508 | Sit Tax-Free Income Fund - Class Y | SNTYX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SIT MUTUAL FUNDS II INC

- **b. Investment Company Act file number:** 811-04033

- **c. CIK number of Registrant:** 0000746601

- **d. LEI of Registrant:** 2549002D9C8PNDJXIE31

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

  - **Street Address 1:** 80 S. Eighth Street

  - **City:** Minneapolis

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55402

  - **Telephone number:** 612-332-3223

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

- **a. Name of Series:** Sit Tax-Free Income Fund

- **b. EDGAR series identifier (if any):** S000003467

- **c. LEI of Series:** 254900TQWRCNLFBZX811

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

- **a. Date of fiscal year-end:** 2026-03-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $132982052.15

**Total Liabilities:** $514928.43

**Net Assets:** $132467123.72

**Cash Not Reported:** $7488035.28

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 96.06359000 | **1-Year:** 1194.48862000 | **5-Year:** 9520.83700000 | **10-Year:** 90121.70147000 | **30-Year:** 8223.88368000

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

- **3-Month:** 0.00000000 | **1-Year:** 93.36770000 | **5-Year:** 107.33583000 | **10-Year:** 691.79045000 | **30-Year:** 0.10072000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000229508 | -0.96%               | 1.39%                | 3.54%                |
| Class ID C000009601 | -0.98%               | 1.37%                | 3.52%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-231564.55              | $-1456345.01                               |
| Month 2  | $-1072057.46             | $2405682.64                                |
| Month 3  | $-1198295.18             | $5388109.10                                |

**Designated Index Information**

- **Index Name:** Carve Out - ZFA_SI30

- **Index Identifier:** CO_ZFA_SI30

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TEXAS ST DEPT OF HSG & CMNTY A                    | Texas Department of Housing & Community Affairs                                  | CUSIP: 882750C91<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016809.70   | 0.77%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF HSG & CMNTY A                    | Texas Department of Housing & Community Affairs                                  | CUSIP: 882750XV9<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |    500000 | PA      | $513068.60    | 0.39%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY CA CMNTY FACS DIST                    | Orange County Community Facilities District                                      | CUSIP: 68423PYT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $450929.90    | 0.34%             | 2045-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV SPL ASSMNT DIST #                    | City of Las Vegas NV Special Improvement District No 817                         | CUSIP: 51779BAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $314165.52    | 0.24%             | 2048-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST HSG FIN & DE                    | South Carolina State Housing Finance & Development Authority                     | CUSIP: 83712D7P5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $497098.00    | 0.38%             | 2055-01-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ELEVATION POINTE CMNTY DEV DIS                    | Elevation Pointe Community Development District                                  | CUSIP: 28624AAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509235.60    | 0.38%             | 2032-05-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST POLL CONTROL FIN                    | California Pollution Control Financing Authority                                 | CUSIP: 13054WBD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $316415.73    | 0.24%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NASHVILLE MET DEV & HSG AGY TN                    | Nashville Metropolitan Development & Housing Agency                              | CUSIP: 591874AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $303387.66    | 0.23%             | 2036-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| EL PASO TX HSG FIN CORP                           | El Paso Housing Finance Corp                                                     | CUSIP: 283758LJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $789908.89    | 0.60%             | 2055-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST ENTERPRISE DEV A                    | California Enterprise Development Authority                                      | CUSIP: 13067REJ8<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    300000 | PA      | $268634.88    | 0.20%             | 2054-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE                    | California Municipal Finance Authority                                           | CUSIP: 13048VL30<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    300000 | PA      | $311957.97    | 0.24%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                    | New York Transportation Development Corp                                         | CUSIP: 650116JP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $531255.70    | 0.40%             | 2055-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QAR1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |       453 | PA      | $8.64         | 0.00%             | 2054-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH ECON                     | Arizona Industrial Development Authority                                         | CUSIP: 040523AF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $22950.00     | 0.02%             | 2050-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ENCINITAS CA UNION SCH DIST                       | Encinitas Union School District/CA                                               | CUSIP: 292533EJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $623300.05    | 0.47%             | 2035-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN                    | Tennessee Housing Development Agency                                             | CUSIP: 88046KGU4<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    500000 | PA      | $519787.05    | 0.39%             | 2048-07-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Invesco Municipal Trust                           | Invesco Municipal Trust                                                          | CUSIP: 46131J103<br>LEI: GKS5Y4B1VKHV66WSPK53 | Long             | EC               | RF                | US        |     67772 | NS      | $653999.80    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE                    | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83704AAA0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500922.20    | 0.38%             | 2046-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QCN8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     15938 | PA      | $225.91       | 0.00%             | 2059-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BOYLE CNTY KY EDUCTNL FACS REV                    | County of Boyle KY                                                               | CUSIP: 10346PAV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $613995.72    | 0.46%             | 2049-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV                    | Build NYC Resource Corp                                                          | CUSIP: 12008QAG4<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    300000 | PA      | $308552.46    | 0.23%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH EDUCTNL F                    | Illinois Finance Authority                                                       | CUSIP: 452029AK7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    250000 | PA      | $256052.83    | 0.19%             | 2045-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH SPORTS FA                    | Illinois Finance Authority                                                       | CUSIP: 45202UAS3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $681901.70    | 0.51%             | 2038-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                     | Lakewood Ranch Stewardship District Utility Revenue                              | CUSIP: 51265LAM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522325.55    | 0.39%             | 2053-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA HSG AUTH                             | King County Housing Authority                                                    | CUSIP: 494759TB9<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |    250000 | PA      | $260625.95    | 0.20%             | 2045-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST LOCAL GOVT ENVRNM                    | Louisiana Local Government Environmental Facilities & Community Development Auth | CUSIP: 54628CJB9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    390000 | PA      | $368798.00    | 0.28%             | 2044-11-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST LOCAL GOVT ENVRNM                    | Louisiana Local Government Environmental Facilities & Community Development Auth | CUSIP: 54628CUF7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    615000 | PA      | $536438.36    | 0.40%             | 2046-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LT RANCH CDD FL CAPITAL IMPT R                    | LT Ranch Community Development District                                          | CUSIP: 54912EAH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $306642.30    | 0.23%             | 2053-05-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| DALLAS TX SPL TAX REVENUE                         | City of Dallas TX                                                                | CUSIP: 235380AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250120.60    | 0.19%             | 2053-08-15      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST MTGE AGY HOMEOWNER                    | State of New York Mortgage Agency Homeowner Mortgage Revenue                     | CUSIP: 64988YEQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1128352.71   | 0.85%             | 2050-04-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| BERKELEY CNTY SC ASSMNT REVENU                    | County of Berkeley SC                                                            | CUSIP: 084220AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $319948.86    | 0.24%             | 2040-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NORTH RIVER RANCH IMPT STEWARD                    | North River Ranch Improvement Stewardship District                               | CUSIP: 66200PAN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250181.65    | 0.19%             | 2035-05-01      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN                     | New Hope Cultural Education Facilities Finance Corp                              | CUSIP: 64542UHF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512981.60    | 0.39%             | 2055-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                        | Public Finance Authority                                                         | CUSIP: 74442PJT3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $225000.00    | 0.17%             | 2033-01-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QAT7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |       434 | PA      | $7.36         | 0.00%             | 2056-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| IRVINE CA FACS FING AUTH LEASE                    | Irvine Facilities Financing Authority                                            | CUSIP: 46360XAP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301171.47    | 0.23%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST MTGE FIN AUTH                       | New Mexico Mortgage Finance Authority                                            | CUSIP: 647201PC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $301286.90    | 0.23%             | 2051-07-01      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK SPL OBLIG                      | Mississippi Development Bank                                                     | CUSIP: 60534XKC9<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    400000 | PA      | $370107.96    | 0.28%             | 2036-11-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Invesco Pennsylvania Value Municipal Income Trust | Invesco Pennsylvania Value Municipal Income Trust                                | CUSIP: 46132K109<br>LEI: 549300S5KHBL3XISY922 | Long             | EC               | RF                | US        |      3757 | NS      | $38809.81     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL AREA FIN AUTH LA SF MT                    | Capital Area Finance Authority                                                   | CUSIP: 13973GBH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $523237.75    | 0.39%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAINT BERNARD OH INCOME TAX RE                    | CITY OF ST BERNARD OH                                                            | CUSIP: 85233CAW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502037.50    | 0.38%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                     | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KAV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $402152.84    | 0.30%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEN PARK MI                                     | City of Allen Park MI                                                            | CUSIP: 018015RM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $295950.36    | 0.22%             | 2034-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST BUSINESS FIN                     | New Hampshire Business Finance Authority                                         | CUSIP: 644684GK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $450234.63    | 0.34%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N CENTRL TEXAS ST HLTH FAC DEV                    | North Central Texas Health Facility Development Corp                             | CUSIP: 658546UP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    204000 | PA      | $159120.00    | 0.12%             | 2025-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LAKES OF SARASOTA CDD 2 CAPITA                    | Lakes of Sarasota Community Development District 2                               | CUSIP: 51207BAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $356319.43    | 0.27%             | 2035-05-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HGR EDU ASSISTANC                    | Pennsylvania Higher Education Assistance Agency                                  | CUSIP: 70878CAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $265109.36    | 0.20%             | 2042-06-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF HSG & CMNTY A                    | Texas Department of Housing & Community Affairs                                  | CUSIP: 88275FWY1<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023056.90   | 0.77%             | 2053-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL ARPT SYS REVEN                    | County of Broward FL Airport System Revenue                                      | CUSIP: 114894WJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499987.75    | 0.38%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST HSG FIN AGY SF MTG                    | Oklahoma Housing Finance Agency                                                  | CUSIP: 67886MP78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $471274.18    | 0.36%             | 2049-09-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE                     | Ohio Housing Finance Agency                                                      | CUSIP: 67756UDN5<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    500000 | PA      | $511792.35    | 0.39%             | 2050-09-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI HOTEL REVEN                    | Public Finance Authority                                                         | CUSIP: 74447DAG2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $515169.30    | 0.39%             | 2062-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BlackRock MuniHoldings Quality Fund II Inc        | BlackRock MuniHoldings Quality Fund II Inc                                       | CUSIP: 09254C107<br>LEI: V04K6JK5YHD4O5SHSC34 | Long             | EC               | RF                | US        |     30464 | NS      | $306467.84    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| LOUISIANA ST PUBLIC FACS AUTH                     | Louisiana Public Facilities Authority                                            | CUSIP: 546398ST6<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    435000 | PA      | $426240.45    | 0.32%             | 2036-02-15      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| ARTISAN LAKES EAST CDD FL CAPI                    | Artisan Lakes East Community Development District                                | CUSIP: 04316FAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $358564.14    | 0.27%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST MTGE AGY HOMEOWNER                    | State of New York Mortgage Agency Homeowner Mortgage Revenue                     | CUSIP: 64988YEP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $701262.00    | 0.53%             | 2045-10-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HSG & FIN AUTH                        | Colorado Housing and Finance Authority                                           | CUSIP: 19648GJ94<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    350000 | PA      | $357843.19    | 0.27%             | 2040-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| FIELDS ESTATES PUBLIC INFRASTR                    | Fields Estates Public Infrastructure District                                    | CUSIP: 31657CAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $478597.50    | 0.36%             | 2053-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL HLTH FACS A                    | Palm Beach County Health Facilities Authority                                    | CUSIP: 696507US9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $395021.40    | 0.30%             | 2053-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH ECON                     | Arizona Industrial Development Authority                                         | CUSIP: 040523AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $6120.00      | 0.00%             | 2051-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN                    | Tennessee Housing Development Agency                                             | CUSIP: 8804615R5<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1044433.47   | 0.79%             | 2046-07-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                     | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KBE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $323734.08    | 0.24%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEVADA ST HSG DIV SF MTGE REVE                    | Nevada Housing Division                                                          | CUSIP: 641279PP3<br>LEI: 549300RE377OK3CTT852 | Long             | DBT              | MUN               | US        |    495000 | PA      | $331247.07    | 0.25%             | 2051-10-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| BRAZOS TX HGR EDU AUTH STUDENT                    | Brazos Higher Education Authority Inc                                            | CUSIP: 10623ABV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $794991.80    | 0.60%             | 2040-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HLTH FACS AUTH REVENU                    | Idaho Health Facilities Authority                                                | CUSIP: 451295B24<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99235.29     | 0.07%             | 2028-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST HSG CORP SF MTGE                     | Louisiana Housing Corp                                                           | CUSIP: 54627DLR0<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |    455000 | PA      | $491527.49    | 0.37%             | 2054-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH ECON                     | Arizona Industrial Development Authority                                         | CUSIP: 040523AH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $22950.00     | 0.02%             | 2030-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST HSG FIN AUTH SF MTG                    | Alabama Housing Finance Authority                                                | CUSIP: 01030RPV8<br>LEI: 549300VFN7EHPOFS7D76 | Long             | DBT              | MUN               | US        |    500000 | PA      | $513712.25    | 0.39%             | 2045-10-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH SF MT                    | Michigan State Housing Development Authority                                     | CUSIP: 594654LQ6<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1433245.00   | 1.08%             | 2051-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                    | New York Transportation Development Corp                                         | CUSIP: 650116HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018732.30   | 0.77%             | 2054-12-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE TN ARPT AUTH ARP                    | Metropolitan Nashville Airport Authority/The                                     | CUSIP: 592190PG1<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    300000 | PA      | $302986.41    | 0.23%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                    | Colorado Health Facilities Authority                                             | CUSIP: 19648FTK0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    400000 | PA      | $380859.12    | 0.29%             | 2030-05-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                    | Clifton Higher Education Finance Corp                                            | CUSIP: 187145VQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $261127.18    | 0.20%             | 2049-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL HLTH FACS A                    | Palm Beach County Health Facilities Authority                                    | CUSIP: 696507VM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.38%             | 2027-07-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDU FACS FIN                    | New Hope Cultural Education Facilities Finance Corp                              | CUSIP: 64542PBQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $202800.00    | 0.15%             | 2023-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                      | Illinois Finance Authority                                                       | CUSIP: 45203H6Y3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    160410 | PA      | $8020.49      | 0.01%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST HSG FIN AGY                     | North Carolina Housing Finance Agency                                            | CUSIP: 6582074D4<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    490000 | PA      | $499456.46    | 0.38%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QCQ1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     15589 | PA      | $193.98       | 0.00%             | 2061-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HSG DEV FUND                     | West Virginia Housing Development Fund                                           | CUSIP: 95662NXR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $255932.03    | 0.19%             | 2055-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| FULTON CNTY GA DEV AUTH REVENU                    | Development Authority for Fulton County                                          | CUSIP: 36005FBW4<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504537.25    | 0.38%             | 2044-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA FE SPRINGS CA PUBLIC FIN                    | Santa Fe Springs Public Financing Authority                                      | CUSIP: 80218FAV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $293608.78    | 0.22%             | 2045-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMISSION                    | Missouri Housing Development Commission                                          | CUSIP: 60637B7C8<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    975000 | PA      | $986717.65    | 0.74%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST HSG FIN AUTH SF MTG                    | Alabama Housing Finance Authority                                                | CUSIP: 01030RLL4<br>LEI: 549300VFN7EHPOFS7D76 | Long             | DBT              | MUN               | US        |      5000 | PA      | $4926.90      | 0.00%             | 2054-10-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP REVENU                    | Florida Housing Finance Corp                                                     | CUSIP: 34074MUK5<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    705000 | PA      | $508068.26    | 0.38%             | 2050-07-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST PUBLIC EDUCTNL FAC                    | Michigan Public Educational Facilities Authority                                 | CUSIP: 594569CV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $145136.17    | 0.11%             | 2028-11-01      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| EAST NASSAU STEWARDSHIP DIST F                    | East Nassau Stewardship District                                                 | CUSIP: 273794AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512383.10    | 0.39%             | 2045-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MALTA IL TAX INCR REVENUE                         | Village of Malta IL Tax Increment Revenue                                        | CUSIP: 561353AR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1921000 | PA      | $461040.00    | 0.35%             | 2025-12-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QCM0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     16055 | PA      | $240.54       | 0.00%             | 2058-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW RIVER FL CDD CAPITAL IMPT                     | New River Community Development District                                         | CUSIP: 648466AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $2.30         | 0.00%             | 2013-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QAN0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |       365 | PA      | $8.54         | 0.00%             | 2051-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RIVER LANDING CDD FL CAP IMPT                     | River Landing Community Development District                                     | CUSIP: 76828JAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $260811.93    | 0.20%             | 2051-05-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| STAMFORD CT HSG AUTH                              | Stamford Housing Authority                                                       | CUSIP: 852640AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $758720.03    | 0.57%             | 2055-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QCK4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     16404 | PA      | $278.38       | 0.00%             | 2056-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH LTD OBLIG                    | Michigan Finance Authority                                                       | CUSIP: 594479GW1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    400000 | PA      | $370255.76    | 0.28%             | 2031-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                     | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KFD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $336357.63    | 0.25%             | 2041-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BEDFORD OH CITY SCH DIST                          | Bedford City School District                                                     | CUSIP: 076365LX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $794552.55    | 0.60%             | 2050-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TROUT CREEK CDD FL CAPITAL IMP                    | Trout Creek Community Development District                                       | CUSIP: 897188AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $304684.92    | 0.23%             | 2038-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE                          | Iowa Finance Authority                                                           | CUSIP: 46247SFU3<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    350000 | PA      | $328538.53    | 0.25%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE                       | Indiana Finance Authority                                                        | CUSIP: 45506ENH2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    350000 | PA      | $344497.23    | 0.26%             | 2050-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UTAH HSG CORP SF MTGE REVENUE                     | Utah Housing Corp                                                                | CUSIP: 917437EN1<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |    470000 | PA      | $477395.92    | 0.36%             | 2054-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MECKLENBURG CNTY NC MF HSG REV                    | County of Mecklenburg NC                                                         | CUSIP: 58400RAD6<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |    420000 | PA      | $420860.20    | 0.32%             | 2036-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST HSG CORP SF MTGE                     | Louisiana Housing Corp                                                           | CUSIP: 54627DUL3<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |    500000 | PA      | $516048.00    | 0.39%             | 2045-06-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| UTAH ST CHRT SCH FIN AUTH CHRT                    | Utah Charter School Finance Authority                                            | CUSIP: 91754TN25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $455174.58    | 0.34%             | 2031-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QBD1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |       434 | PA      | $3.94         | 0.00%             | 2066-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD OF HSG SF MTGE                     | Montana Board of Housing                                                         | CUSIP: 61212WLR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $280358.86    | 0.21%             | 2045-12-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA                    | Chicago O'Hare International Airport                                             | CUSIP: 167593X98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516378.05    | 0.39%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                     | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KFY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $588594.83    | 0.44%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VIRGINIA BEACH VA DEV AUTH RSD                    | Virginia Beach Development Authority                                             | CUSIP: 92774NBD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $323037.57    | 0.24%             | 2030-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QCC2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     16055 | PA      | $432.48       | 0.00%             | 2049-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COLORADO EDUCTNL & CULTURAL AU                    | Colorado Educational & Cultural Facilities Authority                             | CUSIP: 19645UQA5<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    500000 | PA      | $450287.90    | 0.34%             | 2043-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                       | North Dakota Housing Finance Agency                                              | CUSIP: 6589095K8<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $511865.15    | 0.39%             | 2048-07-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QCB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     16171 | PA      | $465.51       | 0.00%             | 2048-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP REVENU                    | Florida Housing Finance Corp                                                     | CUSIP: 34074MD73<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    765000 | PA      | $777591.67    | 0.59%             | 2047-07-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                       | North Dakota Housing Finance Agency                                              | CUSIP: 658909ZQ2<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    925000 | PA      | $674662.81    | 0.51%             | 2044-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ENTRADA CMNTY DEV DIST FL CAPI                    | Entrada Community Development District                                           | CUSIP: 29384HAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $330132.04    | 0.25%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GALESBURG IL REVENUE                              | City of Galesburg IL                                                             | CUSIP: 363433BF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506508.15    | 0.38%             | 2045-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LAKES OF SARASOTA CDD FL IMPT                     | Lakes of Sarasota Community Development District                                 | CUSIP: 51206YAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $85879.26     | 0.06%             | 2031-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QAZ3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |       428 | PA      | $5.02         | 0.00%             | 2062-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST LOCAL GOVT ENVRNM                    | Louisiana Local Government Environmental Facilities & Community Development Auth | CUSIP: 54628CER9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    200000 | PA      | $208116.74    | 0.16%             | 2037-11-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| PARKVIEW AT LONG LAKE RANCH CD                    | Parkview at Long Lake Ranch Community Development District                       | CUSIP: 70149AAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $221561.14    | 0.17%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGY FL REVENUE                      | Capital Trust Agency Inc                                                         | CUSIP: 14052WCB1<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    250000 | PA      | $137500.00    | 0.10%             | 2035-04-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST MTGE AGY HOMEOWNER                    | State of New York Mortgage Agency Homeowner Mortgage Revenue                     | CUSIP: 64988YQG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $582904.32    | 0.44%             | 2047-10-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HSG FIN AGY SF                    | Pennsylvania Housing Finance Agency                                              | CUSIP: 70879QV75<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    500000 | PA      | $514357.50    | 0.39%             | 2045-10-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGY FL REVENUE                      | Capital Trust Agency Inc                                                         | CUSIP: 14052WCW5<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    250000 | PA      | $3062.50      | 0.00%             | 2037-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMISSION                    | Missouri Housing Development Commission                                          | CUSIP: 60637GMF3<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008725.50   | 0.76%             | 2055-11-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMISSION                    | Missouri Housing Development Commission                                          | CUSIP: 60637BE97<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    350000 | PA      | $230993.07    | 0.17%             | 2051-11-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSONC                    | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | CUSIP: 592041YU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $729757.94    | 0.55%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN                     | New Hope Cultural Education Facilities Finance Corp                              | CUSIP: 64542UFR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535625 | PA      | $138936.04    | 0.10%             | 2061-11-15      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH SF MT                    | Michigan State Housing Development Authority                                     | CUSIP: 594654NW1<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2346929.20   | 1.77%             | 2052-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                    | Colorado Health Facilities Authority                                             | CUSIP: 19648FTG9<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    415000 | PA      | $319898.35    | 0.24%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| APPLE VLY MN SENIOR LIVING REV                    | City of Apple Valley MN                                                          | CUSIP: 03789YDH6<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    475000 | PA      | $267019.02    | 0.20%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO INDL DEV AUTH S                    | Kansas City Industrial Development Authority                                     | CUSIP: 48504LAE3<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    118010 | PA      | $5479.45      | 0.00%             | 2046-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QCD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     15822 | PA      | $393.34       | 0.00%             | 2050-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE                     | Ohio Housing Finance Agency                                                      | CUSIP: 67756QD20<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    500000 | PA      | $385146.90    | 0.29%             | 2045-09-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QAY6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |       440 | PA      | $5.48         | 0.00%             | 2061-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE                     | Ohio Housing Finance Agency                                                      | CUSIP: 67756Q2F3<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1331674.37   | 1.01%             | 2047-09-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE                     | Ohio Housing Finance Agency                                                      | CUSIP: 67756UBD9<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    990000 | PA      | $990438.08    | 0.75%             | 2054-09-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| VIRGINIA HSG DEV AUTH                             | Virginia Housing Development Authority                                           | CUSIP: 92812XFH0<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    550000 | PA      | $547207.82    | 0.41%             | 2055-07-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE                    | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83704MDR4<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    325000 | PA      | $329763.17    | 0.25%             | 2043-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QAA8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     23656 | PA      | $17148.33     | 0.01%             | 2056-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LAKES OF SARASOTA CDD FL IMPT                     | Lakes of Sarasota Community Development District                                 | CUSIP: 51206YAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $171747.48    | 0.13%             | 2051-05-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ INDL DEV AUTH SEN                    | Industrial Development Authority of the County of Pima/The                       | CUSIP: 72178AAF9<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    350000 | PA      | $378039.31    | 0.29%             | 2035-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                    | Colorado Health Facilities Authority                                             | CUSIP: 19648FTJ3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    500000 | PA      | $343093.50    | 0.26%             | 2058-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEADOW VIEW AT TWIN CREEKS CDD                    | Meadow View at Twin Creeks Community Development District                        | CUSIP: 583188AZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $167230.23    | 0.13%             | 2052-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE                     | Ohio Housing Finance Agency                                                      | CUSIP: 67756QQ67<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    965000 | PA      | $687651.09    | 0.52%             | 2051-09-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN                    | Tennessee Housing Development Agency                                             | CUSIP: 88046KCF1<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    730000 | PA      | $743700.06    | 0.56%             | 2048-07-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| NTHRN MI UNIV REVENUES                            | Northern Michigan University                                                     | CUSIP: 665398PT4<br>LEI: 549300Y2Q94GGNQC7X56 | Long             | DBT              | MUN               | US        |    250000 | PA      | $267154.93    | 0.20%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                     | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KEH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $444523.50    | 0.34%             | 2040-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| GRAMERCY FARMS FL CDD SPL ASSM                    | Gramercy Farms Community Development District                                    | CUSIP: 384873AE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $19181.21     | 0.01%             | 2039-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MARSHALL CREEK FL CDD SPL ASSM                    | Marshall Creek Community Development District                                    | CUSIP: 57231NAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150124.29    | 0.11%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QAC4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    438536 | PA      | $297198.34    | 0.22%             | 2051-07-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| NORTH RIVER RANCH IMPT STEWARD                    | North River Ranch Improvement Stewardship District                               | CUSIP: 66200PAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $423970.76    | 0.32%             | 2044-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NORTH RIDGEVILLE OH CITY SCH D                    | North Ridgeville City School District                                            | CUSIP: 661870LV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $307423.83    | 0.23%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                      | Illinois Finance Authority                                                       | CUSIP: 45204EM96<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057045.20   | 0.80%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QBB5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |       409 | PA      | $4.30         | 0.00%             | 2064-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE                     | Ohio Housing Finance Agency                                                      | CUSIP: 67756QL88<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1205262.18   | 0.91%             | 2051-09-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI                    | Washington State Housing Finance Commission                                      | CUSIP: 93978LHX7<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    500000 | PA      | $456137.90    | 0.34%             | 2055-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NEBRASKA ST INVESTMENT FIN AUT                    | Nebraska Investment Finance Authority                                            | CUSIP: 63968M7T0<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |    750000 | PA      | $746669.93    | 0.56%             | 2051-09-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QCA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     16287 | PA      | $499.29       | 0.00%             | 2047-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QAM2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |       372 | PA      | $9.25         | 0.00%             | 2050-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST HSG & FIN AUTH REVE                    | Georgia Housing & Finance Authority                                              | CUSIP: 37353PRH4<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024542.40   | 0.77%             | 2045-12-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CAPITAL PROJS FIN AUTH FL EDUC                    | Capital Projects Finance Authority/FL                                            | CUSIP: 14043FAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502472.85    | 0.38%             | 2055-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Invesco Quality Municipal Income Trust            | Invesco Quality Municipal Income Trust                                           | CUSIP: 46133G107<br>LEI: WLEGDSEH0E242WVNUY02 | Long             | EC               | RF                | US        |     78114 | NS      | $769422.90    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| OHIO ST HSG FIN AGY MF HSG REV                    | Ohio Housing Finance Agency                                                      | CUSIP: 676900WK5<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    500000 | PA      | $503328.45    | 0.38%             | 2026-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QBC3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |       403 | PA      | $3.97         | 0.00%             | 2065-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HSG FIN AGY SF                    | Pennsylvania Housing Finance Agency                                              | CUSIP: 70879QTZ6<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005852.70   | 0.76%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                     | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KEZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $388620.36    | 0.29%             | 2041-05-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CNTY CA WTR FING AU                    | Sacramento County Water Financing Authority                                      | CUSIP: 78615RCV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $454388.70    | 0.34%             | 2039-06-01      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| WATERSET SOUTH CDD FL SPL ASSM                    | Waterset South Community Development District                                    | CUSIP: 94186HAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $519936.10    | 0.39%             | 2042-05-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OH REGL ARPT AUTH REV                    | Columbus Regional Airport Authority                                              | CUSIP: 199546DC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $762914.53    | 0.58%             | 2050-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WINDWARD AT LAKEWOOD RANCH CDD                    | Windward at Lakewood Ranch Community Development District                        | CUSIP: 97382EAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $175115.32    | 0.13%             | 2050-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EUCLID OH PUBLIC LIBRARY SPL O                    | Euclid Public Library                                                            | CUSIP: 29805CAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $305509.26    | 0.23%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP                     | Arlington Higher Education Finance Corp                                          | CUSIP: 0418064T4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $463386.98    | 0.35%             | 2051-08-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| TRACY CA JT UNIF SCH DIST                         | Tracy Unified School District                                                    | CUSIP: 892392DX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $641660.46    | 0.48%             | 2041-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                        | Public Finance Authority                                                         | CUSIP: 74442PDC6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    750000 | PA      | $412500.00    | 0.31%             | 2028-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AUTH FL EDUCTNL                     | Capital Trust Authority                                                          | CUSIP: 14054WCJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503444.80    | 0.38%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO INDL DEV AUTH S                    | Kansas City Industrial Development Authority                                     | CUSIP: 48504LAD5<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    264421 | PA      | $178085.32    | 0.13%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRANDE PINES CDD FL SPL ASSMNT                    | Grande Pines Community Development District                                      | CUSIP: 38656NAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $273279.67    | 0.21%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                    | New York Transportation Development Corp                                         | CUSIP: 650116HQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504543.35    | 0.38%             | 2060-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QAP5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |       475 | PA      | $10.28        | 0.00%             | 2052-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HEMPSTEAD TOWN NY LOCAL DEV CO                    | Hempstead Town Local Development Corp                                            | CUSIP: 424682EB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350142.73    | 0.26%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GAINESVILLE & HALL CNTY GA HOS                    | Gainesville & Hall County Hospital Authority                                     | CUSIP: 362762MK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $510988.25    | 0.39%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON ST HSG & CMNTY SVCS DEP                    | State of Oregon Housing & Community Services Department                          | CUSIP: 686087L96<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |    500000 | PA      | $355285.85    | 0.27%             | 2044-01-01      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| HACIENDA NORTH CDD FL SPL ASSM                    | Hacienda North Community Development District                                    | CUSIP: 404511AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $530214.95    | 0.40%             | 2043-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QAJ9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |       447 | PA      | $13.70        | 0.00%             | 2047-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LAKES OF SARASOTA CDD FL IMPT                     | Lakes of Sarasota Community Development District                                 | CUSIP: 51206YAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $304886.76    | 0.23%             | 2031-05-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA                    | Chicago O'Hare International Airport                                             | CUSIP: 1675934R0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $519030.40    | 0.39%             | 2048-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QCR9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     15473 | PA      | $181.38       | 0.00%             | 2062-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Invesco Trust for Investment Grade Municipals     | Invesco Trust for Investment Grade Municipals                                    | CUSIP: 46131M106<br>LEI: V0VF67S6NRLBDK357F71 | Long             | EC               | RF                | US        |     56447 | NS      | $571243.64    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| JORDANELLE RIDGE PUBLIC INFRA                     | Jordanelle Ridge Public Infrastructure District No 2                             | CUSIP: 480790AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $519235.10    | 0.39%             | 2054-03-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN                     | New Hope Cultural Education Facilities Finance Corp                              | CUSIP: 64542UFA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $637924.88    | 0.48%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                    | Massachusetts Development Finance Agency                                         | CUSIP: 57584YRG6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    400000 | PA      | $389959.44    | 0.29%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROLLING HILLS FL CDD CAPITAL I                    | Rolling Hills Community Development District                                     | CUSIP: 775658BA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $119160.11    | 0.09%             | 2032-05-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| SAN JOSE CA FING AUTH LEASE RE                    | San Jose Financing Authority                                                     | CUSIP: 798153MW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $401094.80    | 0.30%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOUNTAIN HOME AR SALES & USE T                    | City of Mountain Home AR Sales & Use Tax Revenue                                 | CUSIP: 624076AM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $298631.21    | 0.23%             | 2038-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NORTH RIVER RANCH IMPT STEWARD                    | North River Ranch Improvement Stewardship District                               | CUSIP: 66200PAH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $367655.86    | 0.28%             | 2033-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HERITAGE HARBOUR FL N CDD SPLA                    | Heritage Harbour North Community Development District                            | CUSIP: 42727LAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $208320.54    | 0.16%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST AFFORDABLE HSG CORP S                    | Texas State Affordable Housing Corp                                              | CUSIP: 88271HJS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514677.40    | 0.39%             | 2049-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BlackRock MuniHoldings Fund Inc                   | BlackRock MuniHoldings Fund Inc                                                  | CUSIP: 09253N104<br>LEI: MZBVMGS24JR92TGE6Z32 | Long             | EC               | RF                | US        |     19518 | NS      | $229336.50    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Advantage Municipal Income Trust II       | Invesco Advantage Municipal Income Trust II                                      | CUSIP: 46132E103<br>LEI: DA89O2CSN0WUDR74HM71 | Long             | EC               | RF                | US        |     55874 | NS      | $490014.98    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK ST MTGE AGY HOMEOWNER                    | State of New York Mortgage Agency Homeowner Mortgage Revenue                     | CUSIP: 64988YHX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $671019.33    | 0.51%             | 2046-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UTAH ST CHRT SCH FIN AUTH CHRT                    | Utah Charter School Finance Authority                                            | CUSIP: 91754T3A9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $327743.39    | 0.25%             | 2049-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF HSG & CMNTY A                    | Texas Department of Housing & Community Affairs                                  | CUSIP: 882750RT1<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1331444.98   | 1.01%             | 2052-01-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QCF5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     17218 | PA      | $372.50       | 0.00%             | 2052-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE                          | Iowa Finance Authority                                                           | CUSIP: 46246K6Y3<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    530000 | PA      | $414095.41    | 0.31%             | 2055-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QCU2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     15008 | PA      | $147.72       | 0.00%             | 2065-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST HSG FIN AGY H                    | Massachusetts Housing Finance Agency                                             | CUSIP: 57587AXG8<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    400000 | PA      | $358196.32    | 0.27%             | 2047-12-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN                    | New Hampshire Business Finance Authority                                         | CUSIP: 63608TAY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251360.25    | 0.19%             | 2039-06-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HSG DEV FUND                     | West Virginia Housing Development Fund                                           | CUSIP: 95662NDR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $450540.56    | 0.34%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN                    | Tennessee Housing Development Agency                                             | CUSIP: 880461X29<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    815000 | PA      | $578751.96    | 0.44%             | 2045-01-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QAQ3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |       469 | PA      | $9.56         | 0.00%             | 2053-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL AVIATION                     | Hillsborough County Aviation Authority                                           | CUSIP: 432308W91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $798627.98    | 0.60%             | 2049-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDU FACS FIN                    | New Hope Cultural Education Facilities Finance Corp                              | CUSIP: 64542PBT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $358800.00    | 0.27%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                       | City of Houston TX Airport System Revenue                                        | CUSIP: 442349GV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036798.80   | 0.78%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QCJ7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     16636 | PA      | $298.42       | 0.00%             | 2055-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BLACKBURN CREEK CMNTY DEV DIST                    | Blackburn Creek Community Development District                                   | CUSIP: 09228KAB8<br>LEI: 5493006SPPQ601PCBO77 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102563.40    | 0.08%             | 2035-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QAX8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |       447 | PA      | $5.93         | 0.00%             | 2060-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Nuveen AMT-Free Municipal Credit Income Fund      | Nuveen AMT-Free Municipal Credit Income Fund                                     | CUSIP: 67071L106<br>LEI: 549300LBMO1C0IG71T03 | Long             | EC               | RF                | US        |     32623 | NS      | $400936.67    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH SF MT                    | Michigan State Housing Development Authority                                     | CUSIP: 594654TL9<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    790000 | PA      | $804140.13    | 0.61%             | 2053-12-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP SENIOR                    | Florida Development Finance Corp                                                 | CUSIP: 34061WBV5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $475575.70    | 0.36%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST EDUCTNL FING                     | Massachusetts Educational Financing Authority                                    | CUSIP: 57563RSK6<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $673588.60    | 0.51%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                     | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KGD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $254854.23    | 0.19%             | 2055-05-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| S WSTRN IL DEV AUTH REV                           | Southwestern Illinois Development Authority                                      | CUSIP: 84552YHD6<br>LEI: 549300B1KLLJ8NU5XK71 | Long             | DBT              | MUN               | US        |    313173 | PA      | $3.13         | 0.00%             | 2022-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST HSG CORP SF MTGE                     | Louisiana Housing Corp                                                           | CUSIP: 54627DFJ5<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |    385000 | PA      | $267926.97    | 0.20%             | 2045-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QAK6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |       390 | PA      | $11.23        | 0.00%             | 2048-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BlackRock MuniYield Quality Fund III Inc          | BlackRock MuniYield Quality Fund III Inc                                         | CUSIP: 09254E103<br>LEI: UB5J2GS6Q51M6A2L8886 | Long             | EC               | RF                | US        |     43083 | NS      | $477359.64    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL FIN AUTH NH EDU REVEN                    | New Hampshire Business Finance Authority                                         | CUSIP: 63607EAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $294915.66    | 0.22%             | 2055-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMISSION                    | Missouri Housing Development Commission                                          | CUSIP: 60637GDF3<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500174.90    | 0.38%             | 2054-11-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HLTH FACS AUTH REVENU                    | Idaho Health Facilities Authority                                                | CUSIP: 451295A82<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    500000 | PA      | $426193.80    | 0.32%             | 2050-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH HLTH CARE REV                    | County of Hamilton OH                                                            | CUSIP: 40727RDH8<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    500000 | PA      | $506037.45    | 0.38%             | 2050-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF HSG & CMNTY A                    | Texas Department of Housing & Community Affairs                                  | CUSIP: 882750TZ5<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1540531.05   | 1.16%             | 2053-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTHERN GROVE CMNTY DEV DIST                     | Southern Groves Community Development District No 5                              | CUSIP: 843021AM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $237340.71    | 0.18%             | 2048-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QCG3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     16985 | PA      | $346.12       | 0.00%             | 2053-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MEADOW VIEW AT TWIN CREEKS CDD                    | Meadow View at Twin Creeks Community Development District                        | CUSIP: 583188BD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $196218.42    | 0.15%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nuveen AMT-Free Quality Municipal Income Fund     | Nuveen AMT-Free Quality Municipal Income Fund                                    | CUSIP: 670657105<br>LEI: 549300OTYQOOXS64NI63 | Long             | EC               | RF                | US        |     23612 | NS      | $268940.68    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BUTLER CNTY PA GEN AUTH REVENU                    | Butler County General Authority                                                  | CUSIP: 123574AG0<br>LEI: 549300TSJ3NDU9FG0667 | Long             | DBT              | MUN               | US        |    460000 | PA      | $444705.55    | 0.34%             | 2034-10-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                    | New York Transportation Development Corp                                         | CUSIP: 650116GW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $309355.50    | 0.23%             | 2044-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS-ECON DEV A                    | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83704EAC8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    500000 | PA      | $525981.80    | 0.40%             | 2053-11-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG DEV AUTH REVEN                    | Illinois Housing Development Authority                                           | CUSIP: 45203MF48<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    500000 | PA      | $497470.65    | 0.38%             | 2050-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                     | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KGH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019753.60   | 0.77%             | 2056-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VAL VERDE CA UNIF SCH DIST                        | Val Verde Unified School District                                                | CUSIP: 91882RBM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $587326.05    | 0.44%             | 2034-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| JOPLIN MO INDL DEV AUTH SALES                     | Joplin Industrial Development Authority                                          | CUSIP: 48068CAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $125186.46    | 0.09%             | 2040-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMISSION                    | Missouri Housing Development Commission                                          | CUSIP: 60637BZC7<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    435000 | PA      | $298131.77    | 0.23%             | 2050-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                     | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KFT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $331456.98    | 0.25%             | 2054-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QAW0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |       456 | PA      | $6.46         | 0.00%             | 2059-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST EDUCTNL & CULTURAL                    | Colorado Educational & Cultural Facilities Authority                             | CUSIP: 19645RKD2<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250291.43    | 0.19%             | 2034-07-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QBA7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |       419 | PA      | $4.64         | 0.00%             | 2063-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                     | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KBA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $304269.66    | 0.23%             | 2037-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QAL4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |       384 | PA      | $10.34        | 0.00%             | 2049-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Nuveen Quality Municipal Income Fund              | Nuveen Quality Municipal Income Fund                                             | CUSIP: 67066V101<br>LEI: 549300RDIO25ZNWCOA97 | Long             | EC               | RF                | US        |     26610 | NS      | $311070.90    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN                     | New Hope Cultural Education Facilities Finance Corp                              | CUSIP: 64542UGJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $175094.13    | 0.13%             | 2027-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY TN HLTH EDUCTNL &                     | Shelby County Health Educational & Housing Facilities Board                      | CUSIP: 821697TD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $185.00       | 0.00%             | 2019-01-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| NEVADA ST HSG DIV SF MTGE REVE                    | Nevada Housing Division                                                          | CUSIP: 641279PX6<br>LEI: 549300RE377OK3CTT852 | Long             | DBT              | MUN               | US        |    750000 | PA      | $541695.60    | 0.41%             | 2046-04-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| HYDE PARK CDD #1 FL SPL ASSMNT                    | Hyde Park Community Development District No 1                                    | CUSIP: 448642AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509776.20    | 0.38%             | 2034-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY TN HLTH EDUCTNL &                     | Shelby County Health Educational & Housing Facilities Board                      | CUSIP: 821697SY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1630000 | PA      | $16.30        | 0.00%             | 2029-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QDS6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     16520 | PA      | $550.46       | 0.00%             | 2046-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF HSG & CMNTY A                    | Texas Department of Housing & Community Affairs                                  | CUSIP: 882750ZX3<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1533703.65   | 1.16%             | 2054-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| RUDOLPH FARMS MET DIST #6 CO R                    | Rudolph Farms Metropolitan District No 6                                         | CUSIP: 78128QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $473066.25    | 0.36%             | 2052-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KD52 CDD #1 FL SPL ASSMNT REVE                    | KD52 Community Development District No 1                                         | CUSIP: 48668RAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $347419.31    | 0.26%             | 2056-05-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN                    | Tennessee Housing Development Agency                                             | CUSIP: 8804615S3<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    990000 | PA      | $672354.14    | 0.51%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QCS7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     15240 | PA      | $168.91       | 0.00%             | 2063-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QCH1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     16869 | PA      | $321.64       | 0.00%             | 2054-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                        | Public Finance Authority                                                         | CUSIP: 74442PR80<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251544.05    | 0.19%             | 2045-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST HSG FIN AUTH SF MTG                    | Alabama Housing Finance Authority                                                | CUSIP: 01030RNT5<br>LEI: 549300VFN7EHPOFS7D76 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504405.20    | 0.38%             | 2055-10-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF HSG & CMNTY A                    | Texas Department of Housing & Community Affairs                                  | CUSIP: 88275FSE0<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |    500000 | PA      | $400321.25    | 0.30%             | 2045-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HOBE ST LUCIE CONSERVANCY DIST                    | Hobe-St Lucie Conservancy District                                               | CUSIP: 434043AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $355946.40    | 0.27%             | 2044-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QCV0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     14775 | PA      | $134.27       | 0.00%             | 2066-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH ECON                     | Arizona Industrial Development Authority                                         | CUSIP: 040523AK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $3060.00      | 0.00%             | 2031-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST DEV BANK SPL OB                    | Mississippi Development Bank                                                     | CUSIP: 60534WP69<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    800000 | PA      | $801036.56    | 0.60%             | 2039-11-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QCP3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     15822 | PA      | $209.75       | 0.00%             | 2060-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LAUREL ROAD CDD FL CAPITAL IMP                    | Laurel Road Community Development District                                       | CUSIP: 51888TAE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $296571.17    | 0.22%             | 2031-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN                    | Tennessee Housing Development Agency                                             | CUSIP: 8804616T0<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    385000 | PA      | $266976.98    | 0.20%             | 2046-07-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QAS9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |       444 | PA      | $7.96         | 0.00%             | 2055-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ALASKA ST INDL DEV & EXPORT AU                    | Alaska Industrial Development & Export Authority                                 | CUSIP: 011903EW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250614.33    | 0.19%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP                     | New York City Housing Development Corp                                           | CUSIP: 64972CA29<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    300000 | PA      | $284577.30    | 0.21%             | 2041-11-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QAE0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |      5235 | PA      | $43.01        | 0.00%             | 2067-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST HSG FIN AUTH SF MTG                    | Alabama Housing Finance Authority                                                | CUSIP: 01030RLK6<br>LEI: 549300VFN7EHPOFS7D76 | Long             | DBT              | MUN               | US        |    500000 | PA      | $493258.65    | 0.37%             | 2049-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| REUNION MET DIST CO SPL REVENU                    | Reunion Metropolitan District                                                    | CUSIP: 76133UAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    562454 | PA      | $404623.14    | 0.31%             | 2044-12-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| INDIANA ST HSG & CMNTY DEV AUT                    | Indiana Housing & Community Development Authority                                | CUSIP: 45505T2Z3<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501591.95   | 1.13%             | 2054-07-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI HOTEL REVEN                    | Public Finance Authority                                                         | CUSIP: 74447DAC1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $490842.35    | 0.37%             | 2052-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGY FL REVENUE                      | Capital Trust Agency Inc                                                         | CUSIP: 14052WCG0<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    550000 | PA      | $66000.00     | 0.05%             | 2035-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH MO                    | California Municipal Finance Authority                                           | CUSIP: 13049SES9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $205101.40    | 0.15%             | 2056-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH LTD OBLIG                    | Michigan Finance Authority                                                       | CUSIP: 594479GT8<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    155000 | PA      | $128689.49    | 0.10%             | 2039-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL                     | Philadelphia Authority for Industrial Development                                | CUSIP: 71781XCA9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    350000 | PA      | $351773.49    | 0.27%             | 2036-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| DWS Municipal Income Trust                        | DWS Municipal Income Trust                                                       | CUSIP: 233368109<br>LEI: TEL2CK71Z3LE1OCHIB43 | Long             | EC               | RF                | US        |     76592 | NS      | $702348.64    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| MOBILE CNTY AL LTD OBLG                           | County of Mobile AL                                                              | CUSIP: 607341AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $350354.84    | 0.26%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF HSG & CMNTY A                    | Texas Department of Housing & Community Affairs                                  | CUSIP: 88275FVV8<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |    750000 | PA      | $767504.48    | 0.58%             | 2052-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Invesco Municipal Opportunity Trust               | Invesco Municipal Opportunity Trust                                              | CUSIP: 46132C107<br>LEI: WERC5RXCUSU16MOTZ848 | Long             | EC               | RF                | US        |     62240 | NS      | $601860.80    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE                          | Iowa Finance Authority                                                           | CUSIP: 46247SBN3<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    500000 | PA      | $395021.40    | 0.30%             | 2053-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY TN HLTH EDUCTNL &                     | Shelby County Health Educational & Housing Facilities Board                      | CUSIP: 821697SX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7875000 | PA      | $787.50       | 0.00%             | 2029-01-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVIATION AUTH A                    | Greater Orlando Aviation Authority                                               | CUSIP: 3922742G0<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502307.70    | 0.38%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLARKE CNTY GA HOSP AUTH                          | Clarke County Hospital Authority                                                 | CUSIP: 181685JM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $351189.58    | 0.27%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QAV2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |       469 | PA      | $7.03         | 0.00%             | 2058-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BURBANK IL EDUCTNL FACS REVENU                    | City of Burbank IL                                                               | CUSIP: 12083CAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500063.40    | 0.38%             | 2035-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SPORTS FACS AUTH                      | Illinois Sports Facilities Authority/The                                         | CUSIP: 452143FD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002003.30   | 0.76%             | 2031-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST LOCAL GOVT ENVRNM                    | Louisiana Local Government Environmental Facilities & Community Development Auth | CUSIP: 54628CJC7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    410000 | PA      | $360432.52    | 0.27%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QCL2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     16287 | PA      | $259.10       | 0.00%             | 2057-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF HSG & CMNTY A                    | Texas Department of Housing & Community Affairs                                  | CUSIP: 882750QP0<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |    985000 | PA      | $668958.42    | 0.50%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST MUNI LOAN COUNCIL C                    | Florida Municipal Loan Council                                                   | CUSIP: 34281UAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $659496.38    | 0.50%             | 2044-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QAU4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |       481 | PA      | $7.65         | 0.00%             | 2057-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTGE FIN A                    | New Jersey Housing & Mortgage Finance Agency                                     | CUSIP: 64613ACW0<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    795000 | PA      | $537296.85    | 0.41%             | 2050-10-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QCT5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     15124 | PA      | $159.07       | 0.00%             | 2064-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QAG5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    192429 | PA      | $1580.80      | 0.00%             | 2067-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                     | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KBB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $302266.56    | 0.23%             | 2047-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCEC                    | Public Finance Authority                                                         | CUSIP: 74445QCE8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     17334 | PA      | $405.43       | 0.00%             | 2051-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OREGON ST HSG & CMNTY SVCS DEP                    | State of Oregon Housing & Community Services Department                          | CUSIP: 686087Q42<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $690647.00    | 0.52%             | 2045-01-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST HSG FIN & DE                    | South Carolina State Housing Finance & Development Authority                     | CUSIP: 83712D8T6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018808.00   | 0.77%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| XENIA OH                                          | City of Xenia OH                                                                 | CUSIP: 984053GK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511995.90    | 0.39%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST LOCAL GOVT ENVRNM                    | Louisiana Local Government Environmental Facilities & Community Development Auth | CUSIP: 546282H56<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500492.65    | 0.38%             | 2030-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA ARPT REVENUE                      | City of Philadelphia PA Airport Revenue                                          | CUSIP: 717817UK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $431583.80    | 0.33%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST HSG CORP SF MTGE REVEN                    | Utah Housing Corp                                                                | CUSIP: 9174362B2<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5008.62      | 0.00%             | 2033-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GAINESVILLE & HALL CNTY GA DEV                    | Gainesville & Hall County Development Authority                                  | CUSIP: 36274PAF4<br>LEI: 549300L0GMYXTK7H5359 | Long             | DBT              | MUN               | US        |    640000 | PA      | $599659.01    | 0.45%             | 2044-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

**Name of Applicant:** SIT MUTUAL FUNDS II INC

**Signature:** Paul Rasmussen

**Name of Signer:** Paul Rasmussen

**Title:** VP, Treasurer & Chief Compliance Officer