# EDGAR Filing Document

**Accession Number:** 0001100663
**File Stem:** 0002071691-25-009467
**Filing Date:** 2025-12
**Character Count:** 236497
**Document Hash:** d0109a29865de772008dfe67ca02e445
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-009467.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0002071691-25-009467

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iSHARES TRUST
- **CENTRAL INDEX KEY:** 0001100663

**ORGANIZATION NAME:**
- **EIN:** 943351276
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09729
- **FILM NUMBER:** 251595408

**BUSINESS ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** (415) 670-2000

**MAIL ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ISHARES TRUST
- **DATE OF NAME CHANGE:** 19991213

## Series and Classes Contracts Data

### iShares iBonds Dec 2031 Term Muni Bond ETF (Series ID: S000090637)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000257913 | iShares iBonds Dec 2031 Term Muni Bond ETF | IBMT            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** iShares Trust

- **b. Investment Company Act file number:** 811-09729

- **c. CIK number of Registrant:** 0001100663

- **d. LEI of Registrant:** 5493000860OXIC4B5K91

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

  - **Street Address 1:** 400 Howard Street

  - **City:** San Francisco

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

  - **Telephone number:** 800-474-2737

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

- **a. Name of Series:** iShares iBonds Dec 2031 Term Muni Bond ETF

- **b. EDGAR series identifier (if any):** S000090637

- **c. LEI of Series:** 529900MRR88SDSYKJ172

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $32367651.65

**Total Liabilities:** $4658.39

**Net Assets:** $32362993.26

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 16093.72000000 | **10-Year:** 182.27000000 | **30-Year:** 0.00000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000257913 | 0.92%                | 1.25%                | 0.39%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $61332.96                                  |
| Month 2  | $0.01                    | $223941.02                                 |
| Month 3  | $-105.93                 | $44815.25                                  |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                               | Title                                                                                         | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| City & County of Honolulu                                          | City & County of Honolulu, Series 2021A                                                       | CUSIP: 438687QU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $28250.01     | 0.09%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York                                                   | City of New York, Series 2023-1                                                               | CUSIP: 64966Q3N8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22465.63     | 0.07%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Beverly Hills Unified School District                              | Beverly Hills Unified School District, Series 2009                                            | CUSIP: 088023JA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $34840.88     | 0.11%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of King                                                     | County of King, Series 2021A                                                                  | CUSIP: 49474FZQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $73475.39     | 0.23%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Alabama (The)                                        | University of Alabama (The), Series 2019A                                                     | CUSIP: 914026UK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $38048.75     | 0.12%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia                                               | City of Philadelphia, Series 2021A                                                            | CUSIP: 717813YT0<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |     30000 | PA      | $33425.37     | 0.10%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                            | Bay Area Toll Authority, Series 2025SSL-2                                                     | CUSIP: 072024K84<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |    100000 | PA      | $114438.90    | 0.35%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                   | State of Florida, Series 2019B                                                                | CUSIP: 34153QQN9<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21731.32     | 0.07%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Valley Water Reclamation Facility                          | Central Valley Water Reclamation Facility, Series 2021C                                       | CUSIP: 155796BE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $28037.96     | 0.09%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                | State of Washington, Series 2021D                                                             | CUSIP: 93974EMM5<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15983.48     | 0.05%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                        | Long Island Power Authority, Series 2021A                                                     | CUSIP: 542691EP1<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |    255000 | PA      | $281911.53    | 0.87%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Comal Independent School District                                  | Comal Independent School District, Series 2022                                                | CUSIP: 1998205E7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22354.36     | 0.07%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lansing School District                                            | Lansing School District, Series 2019II                                                        | CUSIP: 516444SD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $48481.49     | 0.15%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis                                                    | City of Memphis Electric System, Series 2024                                                  | CUSIP: 586158SD0<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |     45000 | PA      | $51086.29     | 0.16%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                               | District of Columbia, Series 2024C                                                            | CUSIP: 25476FH92<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     50000 | PA      | $56822.80     | 0.18%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Virginia Beach                                             | City of Virginia Beach, Series 2021A                                                          | CUSIP: 927734S20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15021.92     | 0.05%             | 2034-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                  | State of Maryland, Series 2021A                                                               | CUSIP: 574193UA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $101361.97    | 0.31%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Oklahoma                                                   | City of Oklahoma, Series 2023                                                                 | CUSIP: 678519U72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21273.59     | 0.07%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Houston                                                    | City of Houston, Series 2021A                                                                 | CUSIP: 4423316M1<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |    125000 | PA      | $132156.96    | 0.41%             | 2032-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                               | Triborough Bridge & Tunnel Authority, Series 2022B                                            | CUSIP: 89602HCW5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    170000 | PA      | $192078.67    | 0.59%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia                                               | City of Philadelphia, Series 2021A                                                            | CUSIP: 717813YW3<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |     70000 | PA      | $77026.06     | 0.24%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                            | Port Authority of New York & New Jersey, Series 230                                           | CUSIP: 73358XEC2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101473.87    | 0.31%             | 2031-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                 | State of Wisconsin, Series 2021-1                                                             | CUSIP: 97705MSP1<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |     95000 | PA      | $105137.30    | 0.32%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                       | Commonwealth of Pennsylvania, Series 2024-1                                                   | CUSIP: 70914P3V2<br>LEI: 549300WICSGUHKHF1T85 | Long             | DBT              | MUN               | US        |     60000 | PA      | $67805.09     | 0.21%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                            | Port Authority of New York & New Jersey, Series 224                                           | CUSIP: 73358XBD3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22566.80     | 0.07%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                    | State of Oregon, Series 2023A                                                                 | CUSIP: 68609UBY0<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |     40000 | PA      | $45129.64     | 0.14%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                      | Commonwealth of Massachusetts, Series 2021C                                                   | CUSIP: 57582RQ25<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     15000 | PA      | $14872.00     | 0.05%             | 2034-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Cypress-Fairbanks Independent School District                      | Cypress-Fairbanks Independent School District, Series 2022                                    | CUSIP: 232769KL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $100712.09    | 0.31%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina at Charlotte (The)                    | University of North Carolina at Charlotte (The), Series 2020A                                 | CUSIP: 914716P25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27191.86     | 0.08%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston Combined Utility System                            | City of Houston Combined Utility System, Series 2002C                                         | CUSIP: 44244CZV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $38802.19     | 0.12%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                    | Indianapolis Local Public Improvement Bond Bank, Series 2021A                                 | CUSIP: 45528US77<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |     40000 | PA      | $44453.68     | 0.14%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Municipal Bond Bank                                          | Maine Municipal Bond Bank, Series 2020A                                                       | CUSIP: 56045RY60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22189.93     | 0.07%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Municipal Power Authority                                 | Oklahoma Municipal Power Authority, Series 2021A                                              | CUSIP: 67910HRA0<br>LEI: 54930074Q1M8747DCS20 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26241.35     | 0.08%             | 2033-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Park Creek Metropolitan District                                   | Park Creek Metropolitan District, Series 2025                                                 | CUSIP: 700385BT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $168394.31    | 0.52%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                  | State of Illinois, Series 2024B                                                               | CUSIP: 452153JN0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     70000 | PA      | $77251.71     | 0.24%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                | State of California                                                                           | CUSIP: 13063DP28<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     30000 | PA      | $33964.59     | 0.10%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Weld County School District No. 6 Greeley                          | Weld County School District No. 6 Greeley, Series 2021                                        | CUSIP: 949289QH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $45064.69     | 0.14%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                     | New Jersey Transportation Trust Fund Authority, Series 2021A                                  | CUSIP: 6461367X3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     75000 | PA      | $83544.09     | 0.26%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta Department of Aviation                             | City of Atlanta Department of Aviation, Series 2021B                                          | CUSIP: 04780MYT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $67712.21     | 0.21%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Utah (The)                                           | University of Utah (The), Series 2022B                                                        | CUSIP: 915183Y92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $191836.72    | 0.59%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Loudoun County Sanitation Authority                                | Loudoun County Sanitation Authority, Series 2021                                              | CUSIP: 545904NN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107419.03    | 0.33%             | 2032-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                       | Clark County School District, Series 2021A                                                    | CUSIP: 181059V60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $72985.30     | 0.23%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Florida Expressway Authority                               | Central Florida Expressway Authority, Series 2021                                             | CUSIP: 153476GQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $78824.55     | 0.24%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University System of Maryland                                      | University System of Maryland, Series 2019A                                                   | CUSIP: 9144026Y3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $97484.79     | 0.30%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax                                    | District of Columbia Income Tax, Series 2019C                                                 | CUSIP: 25477GQC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $59956.34     | 0.19%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid          | New York City Transitional Finance Authority Building Aid, Series 2022S-1A                    | CUSIP: 64972H5S7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $96005.13     | 0.30%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Erie City Water Authority                                          | Erie City Water Authority, Series 2019D                                                       | CUSIP: 295542QR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109138.20    | 0.34%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                 | Virginia Public Building Authority, Series 2020A                                              | CUSIP: 9281725K7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $72154.18     | 0.22%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp.                                     | Sales Tax Securitization Corp., Series 2021A                                                  | CUSIP: 79467BEG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $164357.63    | 0.51%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis                                                | City of Minneapolis, Series 2024                                                              | CUSIP: 60375BMZ6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |     10000 | PA      | $11400.20     | 0.04%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook                                                     | County of Cook, Series 2024                                                                   | CUSIP: 213248EE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $67418.83     | 0.21%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County             | Metropolitan Government of Nashville & Davidson County, Series 2021A                          | CUSIP: 592030M98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $56284.38     | 0.17%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of K                                                        | County of King, Series 2019                                                                   | CUSIP: 49474FVR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $59085.85     | 0.18%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York                                                   | City of New York, Series 2023F-1                                                              | CUSIP: 64966Q2J8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     70000 | PA      | $78629.71     | 0.24%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                            | Los Angeles Department of Water & Power, Series 2022A                                         | CUSIP: 544532DQ4<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27947.71     | 0.09%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                             | Wisconsin Department of Transportation, Series 2024-2                                         | CUSIP: 9771234Q8<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |     95000 | PA      | $107763.05    | 0.33%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                | State of Washington, Series R-2024C                                                           | CUSIP: 93974EZ66<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     80000 | PA      | $90582.02     | 0.28%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                            | South Carolina Public Service Authority, Series 2022A                                         | CUSIP: 837151ZJ1<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |     95000 | PA      | $106441.07    | 0.33%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin Water & Wastewater System                           | City of Austin Water & Wastewater System, Series 2021                                         | CUSIP: 052477MQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33222.35     | 0.10%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                | State of California                                                                           | CUSIP: 13063DE38<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22825.35     | 0.07%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Municipal Bond Bank                                  | New Hampshire Municipal Bond Bank, Series 2020B                                               | CUSIP: 64465QBG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52606.61     | 0.16%             | 2031-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                          | Indiana Finance Authority, Series 2021-1                                                      | CUSIP: 45505MJM9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     80000 | PA      | $90626.34     | 0.28%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis                                                    | City of Memphis, Series 2021                                                                  | CUSIP: 5861452D5<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |    125000 | PA      | $139434.69    | 0.43%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                | State of California                                                                           | CUSIP: 13063EDD5<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     50000 | PA      | $56972.52     | 0.18%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                         | Illinois Finance Authority, Series 2020                                                       | CUSIP: 45204FFR1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     70000 | PA      | $73034.62     | 0.23%             | 2033-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York                                                   | City of New York, Series 2022D-1                                                              | CUSIP: 64966QA67<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22370.80     | 0.07%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                            | University of Minnesota, Series 2024A                                                         | CUSIP: 914460XA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16773.64     | 0.05%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                          | BlackRock Liquidity MuniCash Funds: Institutional Shares                                      | CUSIP: 09248U841<br>LEI: 549300RWBJ885673DL84 | Long             | STIV             | RF                | US        |      6158 | NS      | $6158.58      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| State of California                                                | State of California, Series 2019                                                              | CUSIP: 13063DQQ4<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27419.52     | 0.08%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                       | Commonwealth of Pennsylvania, Series 2023                                                     | CUSIP: 70914P2E1<br>LEI: 549300WICSGUHKHF1T85 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16964.67     | 0.05%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                 | State of Wisconsin, Series 2022A                                                              | CUSIP: 97705MXK6<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22390.86     | 0.07%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma State University                                          | Oklahoma State University, Series 2021A                                                       | CUSIP: 679191KF2<br>LEI: 254900M845UI413F1O58 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22567.59     | 0.07%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                           | University of California, Series 2023BQ                                                       | CUSIP: 91412HPY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $79942.93     | 0.25%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                 | New York State Dormitory Authority, Series 2021A                                              | CUSIP: 65000BDC9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     85000 | PA      | $94385.25     | 0.29%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Water & Sewer System                          | County of Miami-Dade Water & Sewer System, Series 2021                                        | CUSIP: 59334DMA9<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |     50000 | PA      | $56183.74     | 0.17%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax                                                  | County of Fairfax, Series 2023A                                                               | CUSIP: 30382AMP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $59394.64     | 0.18%             | 2031-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                              | Illinois State Toll Highway Authority, Series 2019C                                           | CUSIP: 452252PH6<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    190000 | PA      | $206629.88    | 0.64%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York                                                   | City of New York, Series 2022A, Sub-Series A-1                                                | CUSIP: 64966QXH8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     30000 | PA      | $33401.97     | 0.10%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago Waterworks                                         | City of Chicago Waterworks, Series 2023B                                                      | CUSIP: 167736W29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $100756.94    | 0.31%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                       | Clark County School District, Series 2021A                                                    | CUSIP: 181059V78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21178.38     | 0.07%             | 2032-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District                                  | San Diego Unified School District, Series 2021E-2                                             | CUSIP: 797356ED0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $23182.11     | 0.07%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Arkansas                                             | University of Arkansas, Series 2025                                                           | CUSIP: 914073MK4<br>LEI: 549300FFADBQ3NEI2D96 | Long             | DBT              | MUN               | US        |     60000 | PA      | $67737.38     | 0.21%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation Turnpike System      | State of Florida Department of Transportation Turnpike System, Series 2023A                   | CUSIP: 343137QY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $56556.39     | 0.17%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York                                                   | City of New York, Series 2022A, Sub-Series A-1                                                | CUSIP: 64966QXJ4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     30000 | PA      | $33253.05     | 0.10%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                   | Pennsylvania Turnpike Commission, Series 2021B                                                | CUSIP: 709225CP9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |     25000 | PA      | $28148.82     | 0.09%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                 | Dallas Independent School District, Series 2023                                               | CUSIP: 235308K69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $89479.91     | 0.28%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District                                | Los Angeles Unified School District, Series 2024A                                             | CUSIP: 544647HN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $40517.95     | 0.13%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                               | State of Connecticut, Series 2021B                                                            | CUSIP: 20772KMU0<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |     65000 | PA      | $69651.65     | 0.22%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                      | North Texas Tollway Authority, Series 2023B                                                   | CUSIP: 66285WP67<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |     10000 | PA      | $11094.02     | 0.03%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                        | New Jersey Educational Facilities Authority, Series 2024                                      | CUSIP: 646067GT9<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16736.72     | 0.05%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade                                               | County of Miami-Dade, Series 2021A                                                            | CUSIP: 59333NX32<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |     30000 | PA      | $33584.41     | 0.10%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Puget Sound Regional Transit Authority                     | Central Puget Sound Regional Transit Authority, Series 2021S1                                 | CUSIP: 155048DW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $17115.09     | 0.05%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                           | University of California, Series 2021BH                                                       | CUSIP: 91412HHY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $180078.54    | 0.56%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Colorado                                             | University of Colorado, Series 2023A                                                          | CUSIP: 91417NHG3<br>LEI: 549300HU7D08HY4MKX37 | Long             | DBT              | MUN               | US        |     70000 | PA      | $74956.86     | 0.23%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Anaheim Public Financing Authority                                 | Anaheim Public Financing Authority, Series 1997C                                              | CUSIP: 03255LBR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $71942.90     | 0.22%             | 2031-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                | State of California                                                                           | CUSIP: 13063DM70<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     90000 | PA      | $102877.87    | 0.32%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax                                        | State of Illinois Sales Tax, Series 2021A                                                     | CUSIP: 452227TW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $18994.52     | 0.06%             | 2034-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Raleigh Combined Enterprise System                         | City of Raleigh Combined Enterprise System, Series 2023                                       | CUSIP: 751100MZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $153795.29    | 0.48%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Putnam                                                   | County of Putnam, Series 2021                                                                 | CUSIP: 746673A85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21006.78     | 0.06%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                           | Massachusetts Development Finance Agency, Series 2021A                                        | CUSIP: 57584YR27<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22398.27     | 0.07%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank              | California Infrastructure & Economic Development Bank, Series 2021B                           | CUSIP: 13034AT75<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26405.96     | 0.08%             | 2032-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund | Ohio Water Development Authority Water Pollution Control Loan Fund, Series 2023A              | CUSIP: 67766WG63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $90473.00     | 0.28%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Rhode Island                                              | State of Rhode Island, Series 2021E                                                           | CUSIP: 762223LV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53160.29     | 0.16%             | 2033-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta Department of Aviation                             | City of Atlanta Department of Aviation, Series 2021B                                          | CUSIP: 04780MYX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $149260.62    | 0.46%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County             | Metropolitan Government of Nashville & Davidson County, Series 2021C                          | CUSIP: 592112UX2<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |     85000 | PA      | $89884.71     | 0.28%             | 2032-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade                                               | County of Miami-Dade, Series 2020                                                             | CUSIP: 59333FZX1<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |     35000 | PA      | $36640.00     | 0.11%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte                                                  | City of Charlotte, Series 2021A                                                               | CUSIP: 161036RJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $84682.46     | 0.26%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                            | University of Minnesota, Series 2021A                                                         | CUSIP: 914468FK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $56593.76     | 0.17%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipality of Anchorage                                          | Municipality of Anchorage, Series 2021A                                                       | CUSIP: 033162GN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $45197.52     | 0.14%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County                                  | School District of Broward County, Series 2020A                                               | CUSIP: 115065C36<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |     55000 | PA      | $60315.61     | 0.19%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                     | Lamar Consolidated Independent School District, Series 2021A                                  | CUSIP: 513174A85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $66969.48     | 0.21%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                      | Alabama Federal Aid Highway Finance Authority, Series 2025B                                   | CUSIP: 010268DZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $45313.21     | 0.14%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Collin County Community College District                           | Collin County Community College District, Series 2020A                                        | CUSIP: 194741HL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21689.23     | 0.07%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                 | State of Louisiana, Series 2021A                                                              | CUSIP: 546417EV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $71833.37     | 0.22%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami University                                                   | Miami University, Series 2021A                                                                | CUSIP: 593791KJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $77663.50     | 0.24%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                   | New York State Thruway Authority, Series 2022A                                                | CUSIP: 650028YH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22462.39     | 0.07%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                            | Los Angeles Department of Water & Power, Series 2023E                                         | CUSIP: 544532JB1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     10000 | PA      | $11179.09     | 0.03%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vermont Municipal Bond Bank                                        | Vermont Municipal Bond Bank, Series 2023-3                                                    | CUSIP: 9242148Q5<br>LEI: 54930081EMY8D1GYM846 | Long             | DBT              | MUN               | US        |     40000 | PA      | $44904.99     | 0.14%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                | State of California                                                                           | CUSIP: 13063DF52<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    145000 | PA      | $154039.18    | 0.48%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Barbers Hill Independent School District                           | Barbers Hill Independent School District, Series 2022                                         | CUSIP: 067167ZY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $139812.36    | 0.43%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                  | State of Maryland, Series 2024A                                                               | CUSIP: 574193WK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $56579.04     | 0.17%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                               | Triborough Bridge & Tunnel Authority, Series 2023A                                            | CUSIP: 89602HFJ1<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |     85000 | PA      | $91886.40     | 0.28%             | 2031-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                     | State of Texas, Series 2022A                                                                  | CUSIP: 882724YM3<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |     65000 | PA      | $73575.60     | 0.23%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Parkways Authority                                   | West Virginia Parkways Authority, Series 2021                                                 | CUSIP: 956510BN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $94502.78     | 0.29%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District       | Salt River Project Agricultural Improvement & Power District, Series 2019A                    | CUSIP: 79574CDR1<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |     55000 | PA      | $60365.55     | 0.19%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland                                                  | City of Cleveland, Series 2019A                                                               | CUSIP: 186343U49<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26300.43     | 0.08%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Colorado                                             | University of Colorado, Series 2021C-4                                                        | CUSIP: 91417NCQ6<br>LEI: 549300HU7D08HY4MKX37 | Long             | DBT              | MUN               | US        |     75000 | PA      | $83220.05     | 0.26%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Sanitary Authority                                | Allegheny County Sanitary Authority, Series 2025                                              | CUSIP: 017357S96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $113398.73    | 0.35%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Washington                                           | University of Washington, Series 2024A                                                        | CUSIP: 91523NYD2<br>LEI: T8YS5W0N70BYCTHPA429 | Long             | DBT              | MUN               | US        |     10000 | PA      | $11233.99     | 0.03%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                  | State of Illinois, Series 2024                                                                | CUSIP: 452153KQ1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    130000 | PA      | $143047.98    | 0.44%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Rhode Island                                              | State of Rhode Island, Series 2021E                                                           | CUSIP: 762223LU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $37413.87     | 0.12%             | 2032-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Water & Sewer System                          | County of Miami-Dade Water & Sewer System, Series 2024B                                       | CUSIP: 59334DPC2<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |     25000 | PA      | $28363.28     | 0.09%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte                                                  | City of Charlotte, Series 2024                                                                | CUSIP: 16104PHJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $28548.95     | 0.09%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                | Virginia College Building Authority, Series 2023A                                             | CUSIP: 92778VMP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22440.94     | 0.07%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Joint Toll Bridge Commission                        | Delaware River Joint Toll Bridge Commission, Series 2019B                                     | CUSIP: 246343MY0<br>LEI: 549300N6IGAQMI0JLE23 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27094.02     | 0.08%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax                                    | District of Columbia Income Tax, Series 2022A                                                 | CUSIP: 25477GUH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16923.83     | 0.05%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Forsyth                                                  | County of Forsyth, Series 2021A                                                               | CUSIP: 34664PBR0<br>LEI: 549300QZDXNB40E8SI64 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16880.87     | 0.05%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                 | State of Minnesota, Series 2022D                                                              | CUSIP: 60412AA52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $17033.97     | 0.05%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                     | Lamar Consolidated Independent School District, Series 2024                                   | CUSIP: 513174N24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22349.02     | 0.07%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Union High School District No. 210-Phoenix         | Maricopa County Union High School District No. 210-Phoenix, Series 2024A                      | CUSIP: 567505RY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $169415.58    | 0.52%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Omaha                                                      | City of Omaha, Series 2021                                                                    | CUSIP: 6817127W9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15957.92     | 0.05%             | 2031-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Missouri Joint Municipal Electric Utility Commission               | Missouri Joint Municipal Electric Utility Commission, Series 2023                             | CUSIP: 606092LY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $122129.36    | 0.38%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                      | Texas Water Development Board, Series 2021                                                    | CUSIP: 8828546Y3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $161969.55    | 0.50%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                   | State of Florida, Series 2021A                                                                | CUSIP: 34153QUP9<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     75000 | PA      | $84830.96     | 0.26%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                            | Los Angeles Department of Water & Power, Series 2021C                                         | CUSIP: 544532DA9<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     45000 | PA      | $49834.00     | 0.15%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland                                                   | City of Portland, Series 2021B                                                                | CUSIP: 736740VK4<br>LEI: 254900RPNQMJF9NBMF52 | Long             | DBT              | MUN               | US        |     80000 | PA      | $73423.58     | 0.23%             | 2033-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Municipality of Anchorage                                          | Municipality of Anchorage, Series 2022A                                                       | CUSIP: 033162JW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $28248.45     | 0.09%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                    | Las Vegas Valley Water District, Series 2022A                                                 | CUSIP: 517845MU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $124051.96    | 0.38%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Joint Municipal Electric Utility Commission               | Missouri Joint Municipal Electric Utility Commission, Series 2024                             | CUSIP: 606092PT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $88617.98     | 0.27%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Del Valle Independent School District                              | Del Valle Independent School District, Series 2022                                            | CUSIP: 245505XH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $83533.04     | 0.26%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line                                       | State of Michigan Trunk Line, Series 2023                                                     | CUSIP: 5946953Z9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $51423.83     | 0.16%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation Turnpike System      | State of Florida Department of Transportation Turnpike System, Series 2021B                   | CUSIP: 343137KQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $186478.00    | 0.58%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                            | Municipal Electric Authority of Georgia, Series 2020A                                         | CUSIP: 6262075R1<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27533.72     | 0.09%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Power Authority                                           | New York Power Authority, Series 2022A                                                        | CUSIP: 65000XAL4<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |    120000 | PA      | $135453.90    | 0.42%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Power Agency                                     | Florida Municipal Power Agency, Series 2019A                                                  | CUSIP: 342816R31<br>LEI: 549300M3I10QJUPNU131 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22526.83     | 0.07%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Omaha                                                      | City of Omaha, Series 2021                                                                    | CUSIP: 6817127Z2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $19723.63     | 0.06%             | 2034-04-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                  | State of Illinois, Series 2021B                                                               | CUSIP: 452153BW8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27663.96     | 0.09%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System               | Los Angeles Department of Water & Power Water System, Series 2025B                            | CUSIP: 544525Z27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22380.43     | 0.07%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Oklahoma                                                   | City of Oklahoma, Series 2022                                                                 | CUSIP: 678519R35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10617.89     | 0.03%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Worth Water & Sewer System                            | City of Fort Worth Water & Sewer System, Series 2020A                                         | CUSIP: 349515H58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25972.28     | 0.08%             | 2031-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Garland                                                    | City of Garland, Series 2021                                                                  | CUSIP: 3661197C3<br>LEI: 549300O5KXJ5HAWVEN53 | Long             | DBT              | MUN               | US        |    120000 | PA      | $127039.24    | 0.39%             | 2031-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                      | Texas Water Development Board, Series 2019A                                                   | CUSIP: 882854Y30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16377.41     | 0.05%             | 2031-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tacoma                                                     | City of Tacoma, Series 2022                                                                   | CUSIP: 873545LN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26488.20     | 0.08%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma State University                                          | Oklahoma State University, Series 2020A                                                       | CUSIP: 679191HH2<br>LEI: 254900M845UI413F1O58 | Long             | DBT              | MUN               | US        |     90000 | PA      | $99785.63     | 0.31%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                               | Triborough Bridge & Tunnel Authority, Series 2021C2                                           | CUSIP: 89602HBU0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |     55000 | PA      | $58700.84     | 0.18%             | 2034-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Bellevue                                                   | City of Bellevue, Series 2022                                                                 | CUSIP: 0793655A6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $37447.76     | 0.12%             | 2032-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Oklahoma                                                   | City of Oklahoma, Series 2021                                                                 | CUSIP: 678519K40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55279.64     | 0.17%             | 2031-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax                                                  | County of Fairfax, Series 2021A                                                               | CUSIP: 30382ALB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $53461.55     | 0.17%             | 2033-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation Turnpike System      | State of Florida Department of Transportation Turnpike System, Series 2022A                   | CUSIP: 343137NA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $62212.02     | 0.19%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                      | New Jersey Turnpike Authority, Series 2025B                                                   | CUSIP: 646140JN4<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    100000 | PA      | $111491.11    | 0.34%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                      | State of Ohio, Series 2021C                                                                   | CUSIP: 677523BB7<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     80000 | PA      | $90029.18     | 0.28%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| College Station Independent School District                        | College Station Independent School District, Series 2022                                      | CUSIP: 194475WF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $72873.02     | 0.23%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County Honolulu Wastewater System                           | City & County Honolulu Wastewater System, Series 2019A                                        | CUSIP: 438701S70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26159.65     | 0.08%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax                                   | State of Connecticut Special Tax, Series 2021D                                                | CUSIP: 207758G49<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |     60000 | PA      | $68020.35     | 0.21%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured    | New York City Transitional Finance Authority Future Tax Secured, Series 2021F-1               | CUSIP: 64971XZE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $173924.34    | 0.54%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Municipal Bond Bank                                  | New Hampshire Municipal Bond Bank, Series 2024C                                               | CUSIP: 64465QRB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $124505.22    | 0.38%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cypress-Fairbanks Independent School District                      | Cypress-Fairbanks Independent School District, Series 2020                                    | CUSIP: 232769GD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21980.60     | 0.07%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                 | Board of Regents of the University of Texas System, Series 2021A                              | CUSIP: 91514AKG9<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |     80000 | PA      | $90429.74     | 0.28%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Worth Independent School District                             | Fort Worth Independent School District, Series 2023                                           | CUSIP: 349461DQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $55898.74     | 0.17%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                            | Los Angeles Department of Water & Power, Series 2021C                                         | CUSIP: 544532CY8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27896.32     | 0.09%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Arkansas                                             | University of Arkansas, Series 2023                                                           | CUSIP: 914073FW6<br>LEI: 549300FFADBQ3NEI2D96 | Long             | DBT              | MUN               | US        |     25000 | PA      | $28306.20     | 0.09%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark                                                    | County of Clark, Series 2024                                                                  | CUSIP: 181000TX8<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16916.24     | 0.05%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation Authority                                  | Regional Transportation Authority, Series 2002A                                               | CUSIP: 759911TT7<br>LEI: 549300FOIPI62F5YFO59 | Long             | DBT              | MUN               | US        |     20000 | PA      | $23232.93     | 0.07%             | 2031-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Trinity River Authority Mountain Creek Regional Wastewater System  | Trinity River Authority Mountain Creek Regional Wastewater System, Series 2022                | CUSIP: 896572ET7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $28093.38     | 0.09%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                 | Metropolitan Water District of Southern California, Series 2020A                              | CUSIP: 59266TRD5<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16669.88     | 0.05%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                               | Triborough Bridge & Tunnel Authority, Series 2023A                                            | CUSIP: 89602RJH9<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21597.08     | 0.07%             | 2031-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Pima                                                     | County of Pima Sewer System                                                                   | CUSIP: 721876WM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16958.46     | 0.05%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Public Works Financing Authority                | Los Angeles County Public Works Financing Authority, Series 2022G                             | CUSIP: 54473EXE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $96402.78     | 0.30%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                       | Metropolitan Atlanta Rapid Transit Authority, Series 2024B                                    | CUSIP: 591746BG6<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22645.13     | 0.07%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                    | State of Oregon, Series 2019D                                                                 | CUSIP: 68609TKJ6<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |     45000 | PA      | $48809.50     | 0.15%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tacoma                                                     | City of Tacoma, Series 2022                                                                   | CUSIP: 873545LP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20995.53     | 0.06%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                | State of California                                                                           | CUSIP: 13063DF60<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26365.77     | 0.08%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                   | Virginia Public School Authority, Series 2021A                                                | CUSIP: 92818HTG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $17234.94     | 0.05%             | 2035-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                 | Pittsburgh Water & Sewer Authority, Series 2023A                                              | CUSIP: 725304XM6<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |     35000 | PA      | $39523.57     | 0.12%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake                                                     | County of Wake, Series 2019                                                                   | CUSIP: 930876EL7<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |     95000 | PA      | $103385.46    | 0.32%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas Development Finance Authority                               | Kansas Development Finance Authority, Series 2023C                                            | CUSIP: 48542RXQ2<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102123.02    | 0.32%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                               | State of Connecticut, Series 2022D                                                            | CUSIP: 20772KRV3<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |     50000 | PA      | $56555.85     | 0.17%             | 2031-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico Severance Tax Permanent Fund                   | State of New Mexico Severance Tax Permanent Fund, Series 2021A                                | CUSIP: 6473103V1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $186078.68    | 0.57%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                    | Las Vegas Valley Water District, Series 2022A                                                 | CUSIP: 517845MV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $91018.89     | 0.28%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake                                                     | County of Wake, Series 2023A                                                                  | CUSIP: 930876FU6<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |     10000 | PA      | $11253.91     | 0.03%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denton Independent School District                                 | Denton Independent School District, Series 2020                                               | CUSIP: 249002GY6<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108303.53    | 0.33%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                | Idaho Housing & Finance Association, Series 2021A                                             | CUSIP: 45129WPZ7<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |     25000 | PA      | $28001.93     | 0.09%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No. 1                         | Denver City & County School District No. 1, Series 2021                                       | CUSIP: 249174XM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $72667.36     | 0.22%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle                                                    | Port of Seattle, Series 2022A                                                                 | CUSIP: 735389T24<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |     75000 | PA      | $84852.06     | 0.26%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                 | Austin Independent School District, Series 2024                                               | CUSIP: 052430WL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $84834.92     | 0.26%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                            | Los Angeles Department of Water & Power, Series 2021B                                         | CUSIP: 544532CB8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22164.13     | 0.07%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                        | Long Island Power Authority, Series 2021A                                                     | CUSIP: 542691EM8<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |    125000 | PA      | $133030.95    | 0.41%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                      | State of Ohio, Series 2020C                                                                   | CUSIP: 6775225C4<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16868.13     | 0.05%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                   | State of Georgia, Series 2021A                                                                | CUSIP: 373385HP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $34072.91     | 0.11%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Board of Regents                                           | Arizona Board of Regents, Series 2021C                                                        | CUSIP: 040664CW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33787.00     | 0.10%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax               | Massachusetts Bay Transportation Authority Sales Tax, Series 2005A                            | CUSIP: 575579HJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $68142.42     | 0.21%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Purdue University                                                  | Purdue University, Series GG                                                                  | CUSIP: 746189E62<br>LEI: 254900FDUYUVV8EQOC75 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22592.12     | 0.07%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis                                                | City of Minneapolis, Series 2023                                                              | CUSIP: 60375BMJ2<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |     80000 | PA      | $89604.77     | 0.28%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern California Sanitation Agencies Financing Authority        | Northern California Sanitation Agencies Financing Authority, Series 2021                      | CUSIP: 786134WX0<br>LEI: 549300MSDPX3EYMUYV38 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15072.18     | 0.05%             | 2034-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas                                                     | City of Dallas, Series 2023A                                                                  | CUSIP: 235219UX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22346.93     | 0.07%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                               | Triborough Bridge & Tunnel Authority, Series 2024A, Sub-Series A-2                            | CUSIP: 89602RMB8<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22840.57     | 0.07%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denton Independent School District                                 | Denton Independent School District, Series 2024                                               | CUSIP: 249002MM5<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |     60000 | PA      | $67743.14     | 0.21%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                      | State of Ohio, Series 2019A                                                                   | CUSIP: 677522J21<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10856.52     | 0.03%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                | State of New Jersey, Series 2020A                                                             | CUSIP: 646039YQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $273372.04    | 0.84%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                    | Indianapolis Local Public Improvement Bond Bank, Series 2021E                                 | CUSIP: 45528UX22<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |     40000 | PA      | $42293.88     | 0.13%             | 2034-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Clark                                                    | County of Clark, Series 2022                                                                  | CUSIP: 180848U76<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |     70000 | PA      | $74945.60     | 0.23%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia (The)                              | School District of Philadelphia (The), Series 2023A                                           | CUSIP: 717883ZS4<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27887.27     | 0.09%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's                                          | County of Prince George's, Series 2019A                                                       | CUSIP: 7417015P7<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5230.42      | 0.02%             | 2031-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu                                          | City & County of Honolulu, Series 2019C                                                       | CUSIP: 438687JA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27178.11     | 0.08%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                 | New York State Dormitory Authority, Series 2023A                                              | CUSIP: 64990F4D3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     40000 | PA      | $44924.79     | 0.14%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                              | Metropolitan Transportation Authority, Series 2025A                                           | CUSIP: 59261A4N4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    105000 | PA      | $117524.67    | 0.36%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Wilmington                                                 | City of Wilmington, Series 2020A                                                              | CUSIP: 971567SG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31800.47     | 0.10%             | 2031-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Oklahoma (The)                                       | University of Oklahoma (The), Series 2021A                                                    | CUSIP: 91476PXH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $67114.60     | 0.21%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                 | Dallas Independent School District, Series 2021                                               | CUSIP: 235308A45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21027.75     | 0.06%             | 2031-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Wake                                                     | County of Wake, Series 2021                                                                   | CUSIP: 930876FH5<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |     20000 | PA      | $19612.14     | 0.06%             | 2035-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                 | New York State Dormitory Authority, Series 2021A                                              | CUSIP: 64990FZN7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     90000 | PA      | $99696.99     | 0.31%             | 2034-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Charleston                                               | County of Charleston, Series 2021A                                                            | CUSIP: 160069F62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21357.15     | 0.07%             | 2032-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                            | Los Angeles Department of Water & Power, Series 2021B                                         | CUSIP: 544532CE2<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16479.39     | 0.05%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia Water & Wastewater                            | City of Philadelphia Water & Wastewater, Series 2022C                                         | CUSIP: 717893Y39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $78392.95     | 0.24%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                  | State of Maryland, Series 2020A-2                                                             | CUSIP: 574193TE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27775.25     | 0.09%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                 | State of Tennessee, Series 2023A                                                              | CUSIP: 880541H59<br>LEI: 549300TVFIIUZ7573M16 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16966.40     | 0.05%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp.                      | New York State Environmental Facilities Corp., Series 2021A                                   | CUSIP: 64986DLD5<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |     40000 | PA      | $43051.08     | 0.13%             | 2034-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clear Creek Independent School District                            | Clear Creek Independent School District, Series 2021                                          | CUSIP: 184541DU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $11164.04     | 0.03%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Public Utilities Commission Power      | San Francisco City & County Public Utilities Commission Power, Series 2021A                   | CUSIP: 79771KBL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $42252.20     | 0.13%             | 2035-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax                                                  | County of Fairfax, Series 2021A                                                               | CUSIP: 303867LW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $28009.66     | 0.09%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                  | State of Delaware, Series 2021                                                                | CUSIP: 246381QU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $95712.40     | 0.30%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Bexar                                                    | County of Bexar, Series 2022B                                                                 | CUSIP: 0882814E7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $56043.72     | 0.17%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                     | Lower Colorado River Authority, Series 2023A                                                  | CUSIP: 54811BF71<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |     50000 | PA      | $55849.34     | 0.17%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Valley Water Reclamation Facility                          | Central Valley Water Reclamation Facility, Series 2021C                                       | CUSIP: 155796BJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26201.95     | 0.08%             | 2035-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Davis School District                                              | Davis School District, Series 2020                                                            | CUSIP: 2390193M2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20972.12     | 0.06%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                 | New York State Dormitory Authority, Series 2021A                                              | CUSIP: 65000BDD7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    170000 | PA      | $187501.04    | 0.58%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                | State of California                                                                           | CUSIP: 13063DZD3<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     35000 | PA      | $39269.73     | 0.12%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Municipal Bond Bank                                          | Maine Municipal Bond Bank, Series 2022A                                                       | CUSIP: 56045R3V9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22723.41     | 0.07%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta Water & Wastewater                                 | City of Atlanta Water & Wastewater, Series 2024                                               | CUSIP: 047870SU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5674.90      | 0.02%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County             | Metropolitan Government of Nashville & Davidson County, Series 2022A                          | CUSIP: 592112VR4<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16800.62     | 0.05%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund | Ohio Water Development Authority Water Pollution Control Loan Fund, Series 2023C              | CUSIP: 67766WM33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $131234.54    | 0.41%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No. 401 Peninsula                    | Pierce County School District No. 401 Peninsula, Series 2020                                  | CUSIP: 720577XY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $83233.19     | 0.26%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland State Transportation Authority                            | Maryland State Transportation Authority, Series 2021A                                         | CUSIP: 574300NG0<br>LEI: 254900MKNK0MO0Z4X426 | Long             | DBT              | MUN               | US        |     55000 | PA      | $61185.75     | 0.19%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Houston                                              | University of Houston, Series 2022A                                                           | CUSIP: 914302JZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $72440.63     | 0.22%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                          | Indiana Finance Authority, Series 2023A                                                       | CUSIP: 45505MNN2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     35000 | PA      | $39649.02     | 0.12%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Guilford                                                 | County of Guilford, Series 2025                                                               | CUSIP: 401784V91<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |     40000 | PA      | $45137.16     | 0.14%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No. 405 Bellevue                       | King County School District No. 405 Bellevue, Series 2022                                     | CUSIP: 495098F42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $11407.46     | 0.04%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas A&M University                                               | Texas A&M University, Series 2022                                                             | CUSIP: 88213ASN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $146367.96    | 0.45%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Honolulu City & County Board of Water Supply                       | Honolulu City & County Board of Water Supply, Series 2022A                                    | CUSIP: 438689NP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $90354.98     | 0.28%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                          | Indiana Finance Authority, Series 2021B                                                       | CUSIP: 45506EDV2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     50000 | PA      | $55282.45     | 0.17%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada                                                    | State of Nevada, Series 2021A                                                                 | CUSIP: 641462KA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $63981.35     | 0.20%             | 2035-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                               | Triborough Bridge & Tunnel Authority, Series 2018B                                            | CUSIP: 89602REN1<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |     65000 | PA      | $74231.85     | 0.23%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis                                                    | City of Memphis, Series 2021                                                                  | CUSIP: 5861452B9<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |     40000 | PA      | $44994.03     | 0.14%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Water Resources Board                                     | Oklahoma Water Resources Board, Series 2021                                                   | CUSIP: 67919PSJ3<br>LEI: 5493007CUNXW5UX11C71 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26358.09     | 0.08%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                 | New York State Dormitory Authority, Series 2005A                                              | CUSIP: 64983QJE0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     70000 | PA      | $80969.13     | 0.25%             | 2031-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Utah                                                     | County of Utah, Series 2019                                                                   | CUSIP: 91739RCV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $49152.28     | 0.15%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Snohomish County Public Utility District No. 1 Electric System     | Snohomish County Public Utility District No. 1 Electric System, Series 2025A                  | CUSIP: 833102D37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22730.32     | 0.07%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Florida Expressway Authority                               | Central Florida Expressway Authority, Series 2021                                             | CUSIP: 153476GU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $110204.62    | 0.34%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                          | Ohio Turnpike & Infrastructure Commission, Series 2013A-4                                     | CUSIP: 67760HKR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $68545.95     | 0.21%             | 2034-02-15      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                            | City of Phoenix Civic Improvement Corp., Series 2021A                                         | CUSIP: 71883RQZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $117593.52    | 0.36%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                | State of California                                                                           | CUSIP: 13063DC30<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     90000 | PA      | $103186.41    | 0.32%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                      | Commonwealth of Massachusetts, Series 2022A                                                   | CUSIP: 57582RY83<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     65000 | PA      | $73954.91     | 0.23%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                        | New Jersey Educational Facilities Authority, Series 2021C                                     | CUSIP: 646067CF3<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5349.73      | 0.02%             | 2033-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago         | Metropolitan Water Reclamation District of Greater Chicago, Series 2021C                      | CUSIP: 167560VU2<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |    350000 | PA      | $397295.68    | 1.23%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipality of Anchorage                                          | Municipality of Anchorage, Series 2021C                                                       | CUSIP: 033162HN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31287.40     | 0.10%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                            | Los Angeles Department of Water & Power, Series 2020B                                         | CUSIP: 544532BD5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21967.44     | 0.07%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                       | Commonwealth of Pennsylvania, Series 2023                                                     | CUSIP: 70914P3A8<br>LEI: 549300WICSGUHKHF1T85 | Long             | DBT              | MUN               | US        |     95000 | PA      | $107442.92    | 0.33%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp.                                     | Empire State Development Corp., Series 2020E                                                  | CUSIP: 650036CV6<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |     65000 | PA      | $71320.11     | 0.22%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Trinity River Authority Central Regional Wastewater System         | Trinity River Authority Central Regional Wastewater System, Series 2020                       | CUSIP: 89658HXJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50418.34     | 0.16%             | 2031-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Tacoma                                                     | City of Tacoma, Series 2023                                                                   | CUSIP: 873465G77<br>LEI: 549300R2ZDWKQB6DIV86 | Long             | DBT              | MUN               | US        |     80000 | PA      | $91017.82     | 0.28%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Greenville                                                 | City of Greenville                                                                            | CUSIP: 3966942B6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36850.90     | 0.11%             | 2031-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Alabama at Birmingham                                | University of Alabama at Birmingham, Series 2019B                                             | CUSIP: 914745ED2<br>LEI: 5493002DHWB7OKWT0415 | Long             | DBT              | MUN               | US        |     65000 | PA      | $70901.10     | 0.22%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Rutherford                                               | County of Rutherford, Series 2024                                                             | CUSIP: 783244NJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $28202.26     | 0.09%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Kansas City                                                | City of Kansas City, Series 2021A                                                             | CUSIP: 484873QN7<br>LEI: 549300EGAE3I3XU7XE19 | Long             | DBT              | MUN               | US        |     40000 | PA      | $44764.96     | 0.14%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                | State of California                                                                           | CUSIP: 13063DH50<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     35000 | PA      | $40008.06     | 0.12%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle                                                    | Port of Seattle, Series 2021B                                                                 | CUSIP: 735389M54<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |     80000 | PA      | $89908.41     | 0.28%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                    | State of Oregon, Series 2021A                                                                 | CUSIP: 68609TD96<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16923.62     | 0.05%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark                                                    | County of Clark, Series 2021                                                                  | CUSIP: 180848U27<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25029.85     | 0.08%             | 2033-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of New York                                                   | City of New York, Series 2021-1                                                               | CUSIP: 64966QWE6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    140000 | PA      | $154600.03    | 0.48%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle                                                    | City of Seattle, Series 2021                                                                  | CUSIP: 812631PT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $118146.45    | 0.37%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Poway Unified School District                                      | Poway Unified School District, Series A                                                       | CUSIP: 738850QP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $21483.91     | 0.07%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line                                       | State of Michigan Trunk Line, Series 2021A                                                    | CUSIP: 5946952S6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $128271.82    | 0.40%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Johnston                                                 | County of Johnston, Series 2020A                                                              | CUSIP: 479354DR0<br>LEI: 5493003J6KNUY7E7SF98 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22007.02     | 0.07%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maine                                                     | State of Maine, Series 2022B                                                                  | CUSIP: 56052AH66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $135656.08    | 0.42%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                         | Intermountain Power Agency, Series 2022A                                                      | CUSIP: 45884AA52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $38930.74     | 0.12%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                   | Virginia Public School Authority, Series 2021C                                                | CUSIP: 92818HVC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22655.80     | 0.07%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                            | State of North Carolina, Series 2021A                                                         | CUSIP: 65829QEQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $56220.71     | 0.17%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                | State of California                                                                           | CUSIP: 13063D2D9<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     45000 | PA      | $51520.68     | 0.16%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cypress-Fairbanks Independent School District                      | Cypress-Fairbanks Independent School District, Series 2020A                                   | CUSIP: 232769HE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $74077.62     | 0.23%             | 2035-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                          | Dallas Area Rapid Transit, Series 2020A                                                       | CUSIP: 235241UM6<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21959.00     | 0.07%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Florida Expressway Authority                               | Central Florida Expressway Authority, Series 2021                                             | CUSIP: 153476GS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $139139.20    | 0.43%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                 | New York State Dormitory Authority, Series 2019A                                              | CUSIP: 64990FKN3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    120000 | PA      | $128790.43    | 0.40%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas                                                     | City of Dallas, Series 2024C                                                                  | CUSIP: 235219YP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $145255.03    | 0.45%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Joint Municipal Electric Utility Commission               | Missouri Joint Municipal Electric Utility Commission, Series 2025                             | CUSIP: 606092QD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22558.65     | 0.07%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Union                                                    | County of Union, Series 2023                                                                  | CUSIP: 9063954M7<br>LEI: 5493007ESG9QHLUW6165 | Long             | DBT              | MUN               | US        |     15000 | PA      | $17088.37     | 0.05%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orlando Utilities Commission                                       | Orlando Utilities Commission, Series 2021A                                                    | CUSIP: 686507JU9<br>LEI: 549300EJR7JVMRXL5D66 | Long             | DBT              | MUN               | US        |     65000 | PA      | $73108.84     | 0.23%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                 | State of Minnesota, Series 2021B                                                              | CUSIP: 60412AXH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $37470.78     | 0.12%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                   | State of Florida, Series 2021B                                                                | CUSIP: 34153QVA1<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     70000 | PA      | $79175.57     | 0.24%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                  | State of Illinois, Series 2025C                                                               | CUSIP: 452153NR6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    100000 | PA      | $112136.69    | 0.35%             | 2031-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Municipal Improvement Corp. of Los Angeles                         | Municipal Improvement Corp. of Los Angeles, Series 2021C                                      | CUSIP: 5445873V8<br>LEI: 549300ZJ0YLTZNSR8F57 | Long             | DBT              | MUN               | US        |     50000 | PA      | $56663.67     | 0.18%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Wilmington                                                 | City of Wilmington, Series 2021A                                                              | CUSIP: 971668Y93<br>LEI: 549300Y5IY4G3QB69428 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25011.46     | 0.08%             | 2033-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| University of California                                           | University of California, Series 2023BN                                                       | CUSIP: 91412HPF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $17130.63     | 0.05%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                            | Municipal Electric Authority of Georgia, Series 2024                                          | CUSIP: 62620HJJ2<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |     75000 | PA      | $82601.16     | 0.26%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                      | Commonwealth of Massachusetts, Series 2024B                                                   | CUSIP: 57582R6P6<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     55000 | PA      | $62673.11     | 0.19%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No. 411 Issaquah                       | King County School District No. 411 Issaquah, Series 2019                                     | CUSIP: 4952244Z7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21686.46     | 0.07%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                     | Washington Metropolitan Area Transit Authority, Series 2021A                                  | CUSIP: 93878YBF5<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |     60000 | PA      | $67206.93     | 0.21%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Trustees of the University of Illinois (The)              | Board of Trustees of the University of Illinois (The), Series 2023A                           | CUSIP: 9143536V4<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16722.47     | 0.05%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                 | State of Louisiana, Series 2024E                                                              | CUSIP: 546417KH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $84966.62     | 0.26%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                            | Dallas Fort Worth International Airport, Series 2022B                                         | CUSIP: 23503CAZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22610.59     | 0.07%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University (The)                                | Pennsylvania State University (The), Series 2025A                                             | CUSIP: 7092353Q6<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |     70000 | PA      | $79148.24     | 0.24%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax                                   | State of Connecticut Special Tax, Series 2021A                                                | CUSIP: 207758C50<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |     35000 | PA      | $39210.51     | 0.12%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power, Inc.                                     | American Municipal Power, Inc., Series 2021A                                                  | CUSIP: 02765URC0<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |     75000 | PA      | $82642.74     | 0.26%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Orleans                                                | City of New Orleans, Series 2020B                                                             | CUSIP: 647719PJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21729.42     | 0.07%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                   | State of Georgia, Series 2023A                                                                | CUSIP: 373385MF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22715.27     | 0.07%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                     | New Jersey Transportation Trust Fund Authority, Series 2022AA                                 | CUSIP: 64613CAP3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    120000 | PA      | $134342.59    | 0.42%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Reno                                                       | City of Reno, Series 2024                                                                     | CUSIP: 759829H56<br>LEI: 549300M4R5WWSUWY8D52 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22499.50     | 0.07%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland State Transportation Authority                            | Maryland State Transportation Authority, Series 2021A                                         | CUSIP: 574300NC9<br>LEI: 254900MKNK0MO0Z4X426 | Long             | DBT              | MUN               | US        |     35000 | PA      | $34749.74     | 0.11%             | 2033-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                   | Virginia Public School Authority, Series 2021A                                                | CUSIP: 92818HTE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $39887.82     | 0.12%             | 2033-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Sacramento City Unified School District                            | Sacramento City Unified School District, Series 2024B                                         | CUSIP: 785870J98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22789.01     | 0.07%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Loudoun                                                  | County of Loudoun, Series 2020A                                                               | CUSIP: 54589TJK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $82405.31     | 0.25%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Dulles Toll Road        | Metropolitan Washington Airports Authority Dulles Toll Road, Series 2009B                     | CUSIP: 592643AZ3<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |     40000 | PA      | $33274.66     | 0.10%             | 2031-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                  | State of Maryland, Series 2021A                                                               | CUSIP: 574193UP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $34052.45     | 0.11%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Guilford                                                 | County of Guilford, Series 2024                                                               | CUSIP: 401784T86<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |    130000 | PA      | $146695.78    | 0.45%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore                                                | County of Baltimore                                                                           | CUSIP: 059134EZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $156627.49    | 0.48%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin Environmental Improvement Fund                  | State of Wisconsin Environmental Improvement Fund, Series 2021A                               | CUSIP: 97709TCW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26621.25     | 0.08%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                               | District of Columbia, Series 2021D                                                            | CUSIP: 25476FYG7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     60000 | PA      | $67184.98     | 0.21%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                   | Pennsylvania Turnpike Commission, Series 2021C                                                | CUSIP: 709225EK8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |     35000 | PA      | $39687.53     | 0.12%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio State University (The)                                        | Ohio State University (The), Series 2021A                                                     | CUSIP: 677632M57<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |     60000 | PA      | $67082.30     | 0.21%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                 | State of Wisconsin, Series 2024A                                                              | CUSIP: 97705MF91<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22572.49     | 0.07%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                         | Southern California Public Power Authority, Series 2024-1                                     | CUSIP: 842469BS6<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |     10000 | PA      | $11206.94     | 0.03%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Turnpike Authority                                        | Kentucky Turnpike Authority, Series 2021A                                                     | CUSIP: 491552R56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $72968.53     | 0.23%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis                                                    | City of Memphis, Series 2022A                                                                 | CUSIP: 5861454C5<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |    140000 | PA      | $155176.95    | 0.48%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax | Los Angeles County Metropolitan Transportation Authority Sales Tax, Series 2020A              | CUSIP: 54466HJU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33749.15     | 0.10%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp.                                     | Empire State Development Corp., Series 2022A                                                  | CUSIP: 650036FG6<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22666.60     | 0.07%             | 2031-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Omaha                                                      | City of Omaha, Series 2024                                                                    | CUSIP: 681713BY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $145892.92    | 0.45%             | 2031-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake                                                     | County of Wake, Series 2021                                                                   | CUSIP: 930864DU4<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |     60000 | PA      | $67815.29     | 0.21%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Dakota Public Finance Authority                              | North Dakota Public Finance Authority, Series 2024A                                           | CUSIP: 65887PYS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $125251.76    | 0.39%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spring Branch Independent School District                          | Spring Branch Independent School District, Series 2020                                        | CUSIP: 849476UE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16757.97     | 0.05%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                    | Indianapolis Local Public Improvement Bond Bank, Series 2021A                                 | CUSIP: 45528US51<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    145000 | PA      | $162010.89    | 0.50%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Grand Parkway Toll Road Authority                        | Fort Bend Grand Parkway Toll Road Authority, Series 2021A                                     | CUSIP: 346832CA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $148599.54    | 0.46%             | 2033-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                   | New York State Thruway Authority, Series 2021A-1                                              | CUSIP: 650028WS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $78069.80     | 0.24%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                | California State Public Works Board, Series 2021D                                             | CUSIP: 13068XDV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $101523.37    | 0.31%             | 2034-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax                                                  | County of Fairfax, Series 2020A                                                               | CUSIP: 30382AJP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16620.77     | 0.05%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Improvement Corp. of Los Angeles                         | Municipal Improvement Corp. of Los Angeles, Series 2021C                                      | CUSIP: 5445873T3<br>LEI: 549300ZJ0YLTZNSR8F57 | Long             | DBT              | MUN               | US        |     70000 | PA      | $80240.46     | 0.25%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEA Electric System                                                | JEA Electric System, Series 2021A                                                             | CUSIP: 46613SRQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22450.59     | 0.07%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Independent School District                              | Arlington Independent School District, Series 2021                                            | CUSIP: 0418266N3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26284.69     | 0.08%             | 2031-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District Sales Tax                         | Regional Transportation District Sales Tax, Series 2023A                                      | CUSIP: 759136VS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $34122.65     | 0.11%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                               | Triborough Bridge & Tunnel Authority, Series 2023A                                            | CUSIP: 89602RJG1<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |     65000 | PA      | $74231.85     | 0.23%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                 | Board of Regents of the University of Texas System, Series 2021A                              | CUSIP: 91514AKH7<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |     75000 | PA      | $78615.29     | 0.24%             | 2035-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                          | Michigan State University, Series 2019B                                                       | CUSIP: 594712US8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21459.34     | 0.07%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clear Creek Independent School District                            | Clear Creek Independent School District, Series 2022                                          | CUSIP: 184541EU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $55729.53     | 0.17%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                | State of California                                                                           | CUSIP: 13063DLJ5<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     40000 | PA      | $45286.12     | 0.14%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                               | Chicago O'Hare International Airport, Series 2020B                                            | CUSIP: 167593R20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $43515.58     | 0.13%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                         | City of Los Angeles Department of Airports, Series 2021B                                      | CUSIP: 544445TJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $45105.36     | 0.14%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                 | State of Minnesota, Series 2021A                                                              | CUSIP: 60412AWM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $68163.20     | 0.21%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Mobile                                                     | City of Mobile, Series 2025A                                                                  | CUSIP: 6071143T0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $83918.87     | 0.26%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery                                               | County of Montgomery, Series 2022A                                                            | CUSIP: 61366AJA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $39217.85     | 0.12%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                           | San Antonio Water System, Series 2022B                                                        | CUSIP: 79642GPA4<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22470.92     | 0.07%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville Water Co.                                               | Louisville Water Co., Series 2025                                                             | CUSIP: 54659RFT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $113920.09    | 0.35%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York                                                   | City of New York, Series 2021C                                                                | CUSIP: 64966QPT1<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    130000 | PA      | $142690.74    | 0.44%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lone Star College System                                           | Lone Star College System, Series 2021A                                                        | CUSIP: 542264JS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $34383.98     | 0.11%             | 2035-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade                                               | County of Miami-Dade, Series 2023A                                                            | CUSIP: 59333N3S0<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22400.32     | 0.07%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Bernardino Community College District                          | San Bernardino Community College District, Series B                                           | CUSIP: 796720QP8<br>LEI: 549300Y4FPTEP3EQZ007 | Long             | DBT              | MUN               | US        |     45000 | PA      | $51101.96     | 0.16%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas State Technical College                                      | Texas State Technical College, Series 2022A                                                   | CUSIP: 88276RFB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $162637.80    | 0.50%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                  | State of Illinois, Series 2023D                                                               | CUSIP: 452153GG8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     30000 | PA      | $33175.30     | 0.10%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax                                    | District of Columbia Income Tax, Series 2024A                                                 | CUSIP: 25477GWJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $50998.43     | 0.16%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Transportation Infrastructure Bank                  | South Carolina Transportation Infrastructure Bank, Series 2024A                               | CUSIP: 837152WK9<br>LEI: 549300YI1NMCP4VLJN43 | Long             | DBT              | MUN               | US        |    105000 | PA      | $112614.06    | 0.35%             | 2031-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas                                                     | City of Dallas, Series 2024A                                                                  | CUSIP: 235219WE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22346.93     | 0.07%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin                                                     | City of Austin, Series 2023                                                                   | CUSIP: 052397J31<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |     30000 | PA      | $33877.35     | 0.10%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System               | Los Angeles Department of Water & Power Water System, Series 2024A                            | CUSIP: 544525T73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22380.43     | 0.07%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis Sanitary Sewerage System                           | City of Memphis Sanitary Sewerage System, Series 2020B                                        | CUSIP: 586200SL2<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27706.93     | 0.09%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                | State of Washington, Series 2021C                                                             | CUSIP: 93974ELM6<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27830.27     | 0.09%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                               | State of Connecticut, Series 2021A                                                            | CUSIP: 20772KLW7<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |     70000 | PA      | $70444.33     | 0.22%             | 2032-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                  | Delaware Transportation Authority, Series 2020                                                | CUSIP: 246428K47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33281.39     | 0.10%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Governmental Facilities Authority                            | Maine Governmental Facilities Authority, Series 2020A                                         | CUSIP: 56041MTS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16289.51     | 0.05%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Jose Evergreen Community College District                      | San Jose Evergreen Community College District, Series B                                       | CUSIP: 798189FS0<br>LEI: 5493006H31JIFYW6Z091 | Long             | DBT              | MUN               | US        |     50000 | PA      | $43204.51     | 0.13%             | 2031-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County                                  | School District of Broward County, Series 2021                                                | CUSIP: 115067KD1<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |    100000 | PA      | $112201.09    | 0.35%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                      | State of Ohio, Series 2023A                                                                   | CUSIP: 677523GN6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     60000 | PA      | $68098.58     | 0.21%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                | State of California                                                                           | CUSIP: 13063DWT1<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     25000 | PA      | $28049.81     | 0.09%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax | Los Angeles County Metropolitan Transportation Authority Sales Tax, Series 2021-A             | CUSIP: 54466HKP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $85349.19     | 0.26%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pima                                                     | County of Pima Sewer System                                                                   | CUSIP: 721876UH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32566.09     | 0.10%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                      | Commonwealth of Massachusetts, Series 2018C                                                   | CUSIP: 57582RVC7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22720.44     | 0.07%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver                                            | City & County of Denver, Series 2021A                                                         | CUSIP: 24917DCE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $69361.04     | 0.21%             | 2033-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Denton                                                     | City of Denton                                                                                | CUSIP: 248867AK9<br>LEI: 549300UWEY8IKYK09T27 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31574.05     | 0.10%             | 2031-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                 | New York State Dormitory Authority, Series 2021A                                              | CUSIP: 64990FZM9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    115000 | PA      | $127906.55    | 0.40%             | 2033-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Loudoun                                                  | County of Loudoun, Series 2021A                                                               | CUSIP: 54589TKQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $69578.17     | 0.21%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                            | State of North Carolina, Series 2019A                                                         | CUSIP: 65829QDN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $70227.85     | 0.22%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                | California State Public Works Board, Series 2021B                                             | CUSIP: 13068XBL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $117251.76    | 0.36%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio State University (The)                                        | Ohio State University (The), Series 2021A                                                     | CUSIP: 677632M40<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |     80000 | PA      | $90067.33     | 0.28%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grapevine-Colleyville Independent School District                  | Grapevine-Colleyville Independent School District, Series 2021A                               | CUSIP: 3886405W0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $90232.50     | 0.28%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                     | Lower Colorado River Authority, Series 2019A                                                  | CUSIP: 54811BTN1<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |     60000 | PA      | $64594.41     | 0.20%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nassau County Interim Finance Authority                            | Nassau County Interim Finance Authority, Series 2021A                                         | CUSIP: 631663QU8<br>LEI: 549300DP7LB76W78BR41 | Long             | DBT              | MUN               | US        |     15000 | PA      | $17149.10     | 0.05%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                     | Lower Colorado River Authority, Series 2022                                                   | CUSIP: 54811BYJ4<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |     90000 | PA      | $99379.95     | 0.31%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu                                          | City & County of Honolulu, Series 2021E                                                       | CUSIP: 438687UB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $95464.23     | 0.29%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                | State of California                                                                           | CUSIP: 13063DE46<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    105000 | PA      | $119493.34    | 0.37%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver                                            | City & County of Denver, Series 2020A                                                         | CUSIP: 249164QD9<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |     50000 | PA      | $55760.14     | 0.17%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Community College District                             | Los Angeles Community College District, Series 2024                                           | CUSIP: 54438CC83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $23160.08     | 0.07%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark                                                    | County of Clark, Series 2019                                                                  | CUSIP: 180848E90<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |     75000 | PA      | $81188.68     | 0.25%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore                                                | County of Baltimore, Series 2022                                                              | CUSIP: 05914GBT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $67574.65     | 0.21%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spring Branch Independent School District                          | Spring Branch Independent School District, Series 2022                                        | CUSIP: 849476VD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $67031.86     | 0.21%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Water Resources Board                                     | Oklahoma Water Resources Board, Series 2024C                                                  | CUSIP: 67920Q5C8<br>LEI: 5493007CUNXW5UX11C71 | Long             | DBT              | MUN               | US        |     55000 | PA      | $61791.46     | 0.19%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Kansas Department of Transportation                       | State of Kansas Department of Transportation, Series 2024A                                    | CUSIP: 485424SX4<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |    170000 | PA      | $191481.74    | 0.59%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leander Independent School District                                | Leander Independent School District, Series 2021A                                             | CUSIP: 521841C95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $114682.19    | 0.35%             | 2034-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Auburn University                                                  | Auburn University, Series 2025-A                                                              | CUSIP: 050589RR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $28142.36     | 0.09%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York                                                   | City of New York, Series 2021-1                                                               | CUSIP: 64966QWB2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     70000 | PA      | $78183.87     | 0.24%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                            | State of North Carolina, Series 2021                                                          | CUSIP: 658268ER4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $100931.88    | 0.31%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Independent School District                            | San Antonio Independent School District, Series 2022                                          | CUSIP: 796269L30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22558.13     | 0.07%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District                                     | Nebraska Public Power District, Series 2021B                                                  | CUSIP: 63968A5A9<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |     50000 | PA      | $55296.56     | 0.17%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                   | Ohio Water Development Authority, Series 2024A                                                | CUSIP: 67765QPT7<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |     10000 | PA      | $11309.13     | 0.03%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Hempstead                                                  | Town of Hempstead, Series 2022B                                                               | CUSIP: 424672N33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21172.33     | 0.07%             | 2031-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                          | Indiana Finance Authority, Series 2022B                                                       | CUSIP: 45506EFM0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     65000 | PA      | $72960.24     | 0.23%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Public Utilities Commission Wastewater | San Francisco City & County Public Utilities Commission Wastewater, Series 2022B              | CUSIP: 79768HGR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $11612.72     | 0.04%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No. 403 Renton                         | King County School District No. 403 Renton, Series 2023                                       | CUSIP: 495080WD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22754.46     | 0.07%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured    | New York City Transitional Finance Authority Future Tax Secured, Series 2021F-1               | CUSIP: 64971XZG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $50147.62     | 0.15%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEA Electric System                                                | JEA Electric System, Series 2024A                                                             | CUSIP: 46613SRY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $90293.94     | 0.28%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Alaska                                                    | State of Alaska, Series 2024A                                                                 | CUSIP: 0117705N0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16966.98     | 0.05%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                 | State of Louisiana, Series 2023                                                               | CUSIP: 54641CBH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $118346.72    | 0.37%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                   | Ohio Water Development Authority, Series 2023A                                                | CUSIP: 67765QMS2<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |     35000 | PA      | $39940.95     | 0.12%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                       | Commonwealth of Pennsylvania, Series 2021-1                                                   | CUSIP: 70914PU67<br>LEI: 549300WICSGUHKHF1T85 | Long             | DBT              | MUN               | US        |     40000 | PA      | $42570.96     | 0.13%             | 2032-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Leander Independent School District                                | Leander Independent School District, Series 2022                                              | CUSIP: 521841F92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $28167.54     | 0.09%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                       | District of Columbia Water & Sewer Authority, Series 2022C1                                   | CUSIP: 254845SF8<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |     50000 | PA      | $56664.92     | 0.18%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                | Virginia College Building Authority, Series 2019A                                             | CUSIP: 92778VGJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21548.62     | 0.07%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                      | North Texas Tollway Authority, Series 2008D                                                   | CUSIP: 66285WBW5<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    160000 | PA      | $136391.28    | 0.42%             | 2031-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                   | State of Georgia, Series 2021A                                                                | CUSIP: 373385HS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $42284.24     | 0.13%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Harris                                                   | County of Harris, Series 2022A                                                                | CUSIP: 414005Q35<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |    100000 | PA      | $111368.20    | 0.34%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                     | State of Texas, Series 2024                                                                   | CUSIP: 8827242F3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $28348.60     | 0.09%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Harrisonburg                                               | City of Harrisonburg, Series 2021A                                                            | CUSIP: 415666RS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $84975.62     | 0.26%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District No. 37 Vancouver                      | Clark County School District No. 37 Vancouver, Series 2019                                    | CUSIP: 181144UA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $54002.50     | 0.17%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                 | New York State Dormitory Authority, Series 2025C                                              | CUSIP: 64990KHK2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16846.80     | 0.05%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norwalk-La Mirada Unified School District                          | Norwalk-La Mirada Unified School District, Series 2007C                                       | CUSIP: 669096PR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $55315.43     | 0.17%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                  | State of Illinois, Series 2021A                                                               | CUSIP: 452153BV0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     30000 | PA      | $33321.32     | 0.10%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax                                   | State of Connecticut Special Tax, Series 2023A                                                | CUSIP: 207758P23<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    105000 | PA      | $118337.03    | 0.37%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                               | State of Connecticut, Series 2022G                                                            | CUSIP: 20772KTD1<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    100000 | PA      | $113434.70    | 0.35%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King & Snohomish Counties School District No. 417 Northshore       | King & Snohomish Counties School District No. 417 Northshore, Series 2022                     | CUSIP: 494656W72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $124884.22    | 0.39%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                      | Commonwealth of Massachusetts, Series 2022D                                                   | CUSIP: 57582RZ25<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     40000 | PA      | $45580.44     | 0.14%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County                                  | School District of Broward County, Series 2021                                                | CUSIP: 115067KE9<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |     40000 | PA      | $44626.90     | 0.14%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte                                                  | City of Charlotte                                                                             | CUSIP: 1610375G7<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |     45000 | PA      | $51197.53     | 0.16%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax               | Massachusetts Bay Transportation Authority Sales Tax, Series 2021A-1                          | CUSIP: 575579K71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27985.92     | 0.09%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus                                                   | City of Columbus, Series 2022A                                                                | CUSIP: 199492T25<br>LEI: 254900NS3ODS0FZ3AM48 | Long             | DBT              | MUN               | US        |     80000 | PA      | $90234.25     | 0.28%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Puget Sound Regional Transit Authority                     | Central Puget Sound Regional Transit Authority, Series 2024S-1                                | CUSIP: 155048DY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $90365.91     | 0.28%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle                                                    | Port of Seattle, Series 2021B                                                                 | CUSIP: 735389M70<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |     90000 | PA      | $100233.80    | 0.31%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured    | New York City Transitional Finance Authority Future Tax Secured, Series 2023, Sub-Series E1   | CUSIP: 64971X4T2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $73603.83     | 0.23%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                          | Indiana Finance Authority, Series 2021A                                                       | CUSIP: 45505KCG3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     50000 | PA      | $56069.06     | 0.17%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax                                        | State of Illinois Sales Tax, Series 2025A                                                     | CUSIP: 452227VB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27670.88     | 0.09%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                            | South Carolina Public Service Authority, Series 2021A                                         | CUSIP: 837151XW4<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10379.77     | 0.03%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                    | New York City Municipal Water Finance Authority, Series 2021DD                                | CUSIP: 64972GYW8<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16865.31     | 0.05%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp.                      | New York State Environmental Facilities Corp., Series 2024A                                   | CUSIP: 64986DNS0<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |     10000 | PA      | $11394.87     | 0.04%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                | State of Washington, Series R-2025B                                                           | CUSIP: 93974E5G7<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    200000 | PA      | $226112.78    | 0.70%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                 | State of Louisiana, Series 2021A                                                              | CUSIP: 546417ET9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $150371.65    | 0.46%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                 | State of Minnesota, Series 2023D                                                              | CUSIP: 60412AC27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $68135.88     | 0.21%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                              | Illinois State Toll Highway Authority, Series 2018A                                           | CUSIP: 452252NG0<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |     65000 | PA      | $69278.38     | 0.21%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                            | City of Phoenix Civic Improvement Corp., Series 2020A                                         | CUSIP: 71884AD30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $72072.74     | 0.22%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Washoe                                                   | County of Washoe, Series 2018                                                                 | CUSIP: 940839CT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $59022.19     | 0.18%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Board of Regents                                           | Arizona Board of Regents, Series 2021B                                                        | CUSIP: 040484B48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16885.42     | 0.05%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                       | New Mexico Finance Authority, Series 2022C                                                    | CUSIP: 64711PLN8<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16932.83     | 0.05%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                            | City of Phoenix Civic Improvement Corp., Series 2021A                                         | CUSIP: 71883RQY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $56249.69     | 0.17%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                               | District of Columbia, Series 2024B                                                            | CUSIP: 25476FF78<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16949.00     | 0.05%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District No. 114 Evergreen                     | Clark County School District No. 114 Evergreen, Series 2019                                   | CUSIP: 181234P58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $81270.71     | 0.25%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                   | Pennsylvania Turnpike Commission, Series 2019A                                                | CUSIP: 709224N47<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |     60000 | PA      | $65306.92     | 0.20%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                    | Las Vegas Valley Water District, Series 2021C                                                 | CUSIP: 517845MJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $9945.82      | 0.03%             | 2033-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Del Valle Independent School District                              | Del Valle Independent School District, Series 2022                                            | CUSIP: 245505XG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $83866.35     | 0.26%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                          | Indiana Finance Authority, Series 2021-2                                                      | CUSIP: 45505MKM7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     85000 | PA      | $94478.45     | 0.29%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                     | New Jersey Transportation Trust Fund Authority, Series 2024CC                                 | CUSIP: 64613CFS2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     65000 | PA      | $72804.89     | 0.22%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                         | Intermountain Power Agency, Series 2022A                                                      | CUSIP: 45884AA78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27588.52     | 0.09%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                 | State of Wisconsin, Series 2024C                                                              | CUSIP: 97705MN68<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22572.49     | 0.07%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Washoe                                                   | County of Washoe, Series 2021                                                                 | CUSIP: 940774NV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22510.08     | 0.07%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu                                          | City & County of Honolulu, Series 2020B                                                       | CUSIP: 438687ME2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $88051.54     | 0.27%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                    | New York City Municipal Water Finance Authority, Series 2020EE                                | CUSIP: 64972GWQ3<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    180000 | PA      | $204093.67    | 0.63%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                              | Metropolitan Transportation Authority, Series 2024A                                           | CUSIP: 59261AY50<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     10000 | PA      | $11192.83     | 0.03%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                          | Michigan State University, Series 2024A                                                       | CUSIP: 594712YR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $28216.28     | 0.09%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                  | Delaware Transportation Authority, Series 2024                                                | CUSIP: 246428P75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $28347.38     | 0.09%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washoe County School District                                      | Washoe County School District, Series 2020A                                                   | CUSIP: 940859HS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22041.36     | 0.07%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                   | Energy Northwest, Series 2024A                                                                | CUSIP: 29270C5P6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22611.28     | 0.07%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Department of Transportation                       | State of Oregon Department of Transportation, Series 2024                                     | CUSIP: 68606UAG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $152421.30    | 0.47%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Orleans                                                | City of New Orleans, Series 2021                                                              | CUSIP: 64763FB65<br>LEI: 54930084B6KHR5PR2651 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30872.27     | 0.10%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco                                     | City & County of San Francisco, Series 2021A                                                  | CUSIP: 79765D5D8<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15716.98     | 0.05%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago Wastewater Transmission                            | City of Chicago Wastewater Transmission, Series 2024B                                         | CUSIP: 167727K54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110468.32    | 0.34%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                      | Commonwealth of Massachusetts, Series 2024A                                                   | CUSIP: 57582R5W2<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     40000 | PA      | $45019.97     | 0.14%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax                                   | State of Connecticut Special Tax, Series 2023                                                 | CUSIP: 207758R70<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |     10000 | PA      | $11270.19     | 0.03%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of Houston of Harris County Texas                   | Port Authority of Houston of Harris County Texas, Series 2021                                 | CUSIP: 734262FL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22526.83     | 0.07%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tyler Independent School District                                  | Tyler Independent School District, Series 2022                                                | CUSIP: 902273ZB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $77880.08     | 0.24%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                        | Omaha Public Power District, Series 2019A                                                     | CUSIP: 682001GR7<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |    120000 | PA      | $129151.79    | 0.40%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                         | City of Los Angeles Department of Airports, Series 2021B                                      | CUSIP: 544445TK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $140206.41    | 0.43%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Klein Independent School District                                  | Klein Independent School District, Series 2023                                                | CUSIP: 498531TT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $61930.28     | 0.19%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery                                               | County of Montgomery, Series 2023A                                                            | CUSIP: 61334PFN8<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |     60000 | PA      | $67497.83     | 0.21%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County Honolulu Wastewater System                           | City & County Honolulu Wastewater System, Series 2022A                                        | CUSIP: 4387012J2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22588.74     | 0.07%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DeSoto Independent School District                                 | DeSoto Independent School District, Series 2025                                               | CUSIP: 241722GN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $73016.85     | 0.23%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured    | New York City Transitional Finance Authority Future Tax Secured, Series 2021F-1               | CUSIP: 64971XZJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $82433.54     | 0.25%             | 2035-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                      | Kentucky State Property & Building Commission, Series A                                       | CUSIP: 49151FX54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $56479.14     | 0.17%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured    | New York City Transitional Finance Authority Future Tax Secured, Series 2022B, Sub-Series B-1 | CUSIP: 64971XF37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $66845.14     | 0.21%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                            | Los Angeles Department of Water & Power, Series 2019B                                         | CUSIP: 5444957H1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32041.58     | 0.10%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland                                                  | City of Cleveland, Series 2021A-1                                                             | CUSIP: 186387XB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21220.95     | 0.07%             | 2031-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Portland                                                   | City of Portland, Series 2022A                                                                | CUSIP: 736740WF4<br>LEI: 254900RPNQMJF9NBMF52 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30081.43     | 0.09%             | 2033-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of New York                                                  | State of New York, Series 2021A                                                               | CUSIP: 649791QU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20216.00     | 0.06%             | 2033-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                | California State Public Works Board, Series 2021D                                             | CUSIP: 13068XDS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $130374.35    | 0.40%             | 2031-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Milwaukee Metropolitan Sewerage District                           | Milwaukee Metropolitan Sewerage District, Series 2022A                                        | CUSIP: 602409NG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33360.87     | 0.10%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Pasadena                                                   | City of Pasadena                                                                              | CUSIP: 702317CM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $44693.86     | 0.14%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                 | New York State Dormitory Authority, Series 2019A                                              | CUSIP: 64990GJG8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     80000 | PA      | $86624.23     | 0.27%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-31

**Name of Applicant:** iShares Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer