# EDGAR Filing Document

**Accession Number:** 0001995668
**File Stem:** 0001752724-25-152791
**Filing Date:** 2025-6
**Character Count:** 61481
**Document Hash:** 3a7fa1c71fdd5b471fb17a8e829463ab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-152791.hdr.sgml**: 20250624

**ACCESSION NUMBER**: 0001752724-25-152791

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250624

**DATE AS OF CHANGE**: 20250624

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NYLI MacKay Muni Income Opportunities Fund
- **CENTRAL INDEX KEY:** 0001995668

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23905
- **FILM NUMBER:** 251067585

**BUSINESS ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** 212-576-7000

**MAIL ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MainStay MacKay Municipal Income Opportunities Fund
- **DATE OF NAME CHANGE:** 20230929

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** NYLI MacKay Muni Income Opportunities Fund

- **b. Investment Company Act file number:** 811-23905

- **c. CIK number of Registrant:** 0001995668

- **d. LEI of Registrant:** 2549007YC90SGXHPXS02

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

  - **Street Address 1:** 51 Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 212-576-7000

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

- **a. Name of Series:** NYLI MacKay Muni Income Opportunities Fund

- **c. LEI of Series:** 2549007YC90SGXHPXS02

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

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

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $107815082.54

**Total Liabilities:** $21628294.58

**Net Assets:** $86186787.96

**Cash Not Reported:** $103397.36

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -150.19000000 | **5-Year:** -2451.84000000 | **10-Year:** -15472.06000000 | **30-Year:** -35841.92000000

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

- **3-Month:** -17.23000000 | **1-Year:** -117.87000000 | **5-Year:** -522.45000000 | **10-Year:** -9994.12000000 | **30-Year:** -24330.82000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.13%                | -2.38%               | -1.05%               |
| Class ID N/A | 1.15%                | -2.35%               | -1.13%               |
| Class ID N/A | 1.19%                | -2.31%               | -0.99%               |
| Class ID N/A | 1.15%                | -2.36%               | -1.03%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-27804.28               | $994119.54                                 |
| Month 2  | $-166570.28              | $-2138742.92                               |
| Month 3  | $-442382.90              | $-812126.70                                |

**Designated Index Information**

- **Index Name:** Bloomberg Municipal Bond

- **Index Identifier:** LEH__LHMN0730

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Matching Fund Special Purpose Securitization Corp.                  | Matching Fund Special Purpose Securitization Corp., Series A                | CUSIP: 57665NAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |   1000000 | PA      | $989444.60    | 1.15%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                     | Pennsylvania Higher Education Assistance Agency, Series 1-A                 | CUSIP: 70878CBH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $913684.77    | 1.06%             | 2045-06-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                  | New York State Dormitory Authority                                          | CUSIP: 65000B7Y8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2111665.80   | 2.45%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                         | Commonwealth of Puerto Rico                                                 | CUSIP: 74514L4D6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    420000 | PA      | $137550.00    | 0.16%             | 2051-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Stockton Community Facilities District No. 2018-2           | City of Stockton Community Facilities District No. 2018-2                   | CUSIP: 861341TG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $384234.42    | 0.45%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Houston Redevelopment Authority                                | Lake Houston Redevelopment Authority                                        | CUSIP: 51001QAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $233022.30    | 0.27%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                       | Main Street Natural Gas, Inc., Series B                                     | CUSIP: 56035DFC1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    500000 | PA      | $521359.35    | 0.60%             | 2053-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.          | Tarrant County Cultural Education Facilities Finance Corp., Series B        | CUSIP: 87638RGY7<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    500000 | PA      | $472996.75    | 0.55%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                             | Los Angeles Department of Water & Power, Series D                           | CUSIP: 544532AQ7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1007205.87   | 1.17%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                | Puerto Rico Electric Power Authority, Series VV                             | CUSIP: 74526QPK2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    285000 | PA      | $282572.97    | 0.33%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                             | Municipal Electric Authority of Georgia, Series A                           | CUSIP: 62620HHQ8<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030982.50   | 1.20%             | 2064-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                         | Commonwealth of Puerto Rico                                                 | CUSIP: 74514L4C8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   1043876 | PA      | $640678.73    | 0.74%             | 2051-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                               | Metropolitan Transportation Authority, Series A                             | CUSIP: 59261A2F3<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014340.60   | 1.18%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                       | Main Street Natural Gas, Inc., Series D                                     | CUSIP: 56035DHZ8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050744.10   | 1.22%             | 2054-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston                                                     | City of Houston, Series B                                                   | CUSIP: 442349HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011944.90   | 1.17%             | 2038-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                            | Public Finance Authority, Series B                                          | CUSIP: 74446DAN8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    250000 | PA      | $265825.53    | 0.31%             | 2054-09-01      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                 | U.S. Treasury Long Bonds                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -30 | NC      | $-15954.06    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Puerto Rico Electric Power Authority                                | Puerto Rico Electric Power Authority, Series NN                             | CUSIP: 74526QAR3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     70000 | PA      | $67296.29     | 0.08%             | 2033-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Industrial Development Authority                | Hillsborough County Industrial Development Authority                        | CUSIP: 43233KAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1922535.25   | 2.23%             | 2049-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| West Villages Improvement District                                  | West Villages Improvement District                                          | CUSIP: 956454CM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $956807.87    | 1.11%             | 2054-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Stockton Community Facilities District No. 2018-2           | City of Stockton Community Facilities District No. 2018-2                   | CUSIP: 861341TH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $531332.92    | 0.62%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                          | Intermountain Power Agency, Series A                                        | CUSIP: 45884AG31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $784257.83    | 0.91%             | 2045-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                           | New York Transportation Development Corp.                                   | CUSIP: 650116FC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $775760.93    | 0.90%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                        | New York City Transitional Finance Authority                                | CUSIP: 64971XU71<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2061769.40   | 2.39%             | 2047-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp.            | Texas Private Activity Bond Surface Transportation Corp.                    | CUSIP: 882667BX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025747.60   | 1.19%             | 2058-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Aviation Authority                              | Hillsborough County Aviation Authority                                      | CUSIP: 432308X25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1568681.10   | 1.82%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Omaha Airport Authority                                             | Omaha Airport Authority                                                     | CUSIP: 681725NK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2051981.58   | 2.38%             | 2049-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Stockton Community Facilities District No. 2018-2           | City of Stockton Community Facilities District No. 2018-2                   | CUSIP: 861341TJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $629739.19    | 0.73%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                          | Michigan Finance Authority                                                  | CUSIP: 59447NBD7<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $922673.50    | 1.07%             | 2054-02-28      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Port of Portland Airport                                            | Port of Portland, Series 29                                                 | CUSIP: 7352403K7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038718.90   | 1.21%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                | Puerto Rico Electric Power Authority, Series TT                             | CUSIP: 74526QSY9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     25000 | PA      | $25011.21     | 0.03%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Saltleaf Community Development District                             | Saltleaf Community Development District                                     | CUSIP: 79575MAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $993428.00    | 1.15%             | 2056-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp.                                  | New York Liberty Development Corp., Series A                                | CUSIP: 649519DU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $557336.25    | 0.65%             | 2041-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                            | New Hampshire Business Finance Authority, Series A                          | CUSIP: 63610HAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $934439.31    | 1.08%             | 2034-04-01      | Fixed         | 6.89%                 | Yes           |                  2 | On Loan: No      |
| Tahoe-Douglas Visitors Authority                                    | Tahoe-Douglas Visitors Authority                                            | CUSIP: 873816AT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $960712.80    | 1.11%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Housing Authority                                    | Delaware State Housing Authority, Series A                                  | CUSIP: 246395N60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1080886.30   | 1.25%             | 2056-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                          | Southern California Public Power Authority, Series 1                        | CUSIP: 84247PKY6<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    125000 | PA      | $129589.30    | 0.15%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pasco                                                     | County of Pasco                                                             | CUSIP: 70252AAX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068276.90   | 1.24%             | 2054-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Eaton Vance Municipal Bond Fund                                     | Eaton Vance Municipal Bond Fund                                             | CUSIP: 27827X101<br>LEI: 5493006Q4EBOXVQBQD12 | Long             |  | RF                | US        |     15241 | NS      | $147685.29    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| New York City Housing Development Corp.                             | New York City Housing Development Corp., Series G-1                         | CUSIP: 64972CCP6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $857140.40    | 0.99%             | 2045-05-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                         | Commonwealth of Puerto Rico                                                 | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    828571 | PA      | $496107.14    | 0.58%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Lee Airport                                               | County of Lee Airport                                                       | CUSIP: 523470HX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1655521.89   | 1.92%             | 2054-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                | Chicago O'Hare International Airport, Series A                              | CUSIP: 1675934T6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039936.90   | 1.21%             | 2059-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tuscaloosa County Industrial Development Authority                  | Tuscaloosa County Industrial Development Authority, Series A                | CUSIP: 90068FAZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $488292.95    | 0.57%             | 2044-05-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| City of Chicago Lakeshore East Special Assessment Area              | City of Chicago                                                             | CUSIP: 167686AM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $302890.71    | 0.35%             | 2030-12-01      | Fixed         | 3.29%                 | Yes           |                  2 | On Loan: No      |
| Nuveen California Quality Municipal Income Fund                     | Nuveen California Quality Municipal Income Fund                             | CUSIP: 67066Y105<br>LEI: 549300ZT6V9X5U9BHR46 | Long             |  | RF                | US        |     75000 | NS      | $820500.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| New Hampshire Business Finance Authority                            | New Hampshire Business Finance Authority, Series 2                          | CUSIP: 63607WAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    621506 | PA      | $569259.91    | 0.66%             | 2039-08-20      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade                                                | County of Miami-Dade                                                        | CUSIP: 59333FA83<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |    625000 | PA      | $454769.13    | 0.53%             | 2040-07-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Highlands County Health Facilities Authority                        | Highlands County Health Facilities Authority, Series C                      | CUSIP: 431022UL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $544015.10    | 0.63%             | 2059-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                            | Public Finance Authority, Series A-1                                        | CUSIP: 74447HAB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    575000 | PA      | $567918.19    | 0.66%             | 2046-10-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp.                                  | New York Liberty Development Corp., Series A                                | CUSIP: 649519DT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $801638.70    | 0.93%             | 2036-11-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                 | Pennsylvania Housing Finance Agency, Series 138-A                           | CUSIP: 70879QRC9<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    400000 | PA      | $385882.60    | 0.45%             | 2052-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                     | California Community Choice Financing Authority, Series C                   | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    875000 | PA      | $917637.35    | 1.06%             | 2055-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Wind Meadows South Community Development District                   | Wind Meadows South Community Development District                           | CUSIP: 97316TAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $411185.32    | 0.48%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                           | Alameda Corridor Transportation Authority, Series C                         | CUSIP: 010869JU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $559752.20    | 0.65%             | 2052-10-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No. 12 North Clackamas             | Clackamas County School District No. 12 North Clackamas, Series A           | CUSIP: 179093HR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2885000 | PA      | $1234228.68   | 1.43%             | 2041-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Toll Road Investors Partnership II LP                               | Toll Road Investors Partnership II LP, Series A                             | CUSIP: 88948AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1009483.31   | 1.17%             | 2035-02-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Norman Regional Hospital Authority                                  | Norman Regional Hospital Authority                                          | CUSIP: 656178DN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $385943.42    | 0.45%             | 2037-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                             | Capital Trust Authority Educational Facilities, Series B                    | CUSIP: 14054WBS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105923.60    | 0.12%             | 2028-06-15      | Fixed         | 6.70%                 | Yes           |                  2 | On Loan: No      |
| Nevada Housing Division                                             | Nevada Housing Division, Series E                                           | CUSIP: 641279ZJ6<br>LEI: 549300RE377OK3CTT852 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1206109.40   | 1.40%             | 2049-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                     | California Community Choice Financing Authority, Series G                   | CUSIP: 13013JFS0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    750000 | PA      | $773059.65    | 0.90%             | 2055-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Loan Council                                      | Florida Municipal Loan Council                                              | CUSIP: 34281UAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $650344.33    | 0.75%             | 2044-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| City of Baltimore                                                   | City of Baltimore, Series B                                                 | CUSIP: 05923TCA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $436925.76    | 0.51%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                             | Los Angeles Department of Water & Power, Series D                           | CUSIP: 544532NA8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    975000 | PA      | $1040071.60   | 1.21%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                | Triborough Bridge & Tunnel Authority                                        | CUSIP: 89602HHC4<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3099772.50   | 3.60%             | 2054-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                      | New Jersey Transportation Trust Fund Authority                              | CUSIP: 64613CGK8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2076845.20   | 2.41%             | 2055-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Adelanto Community Facilities District                              | Adelanto Community Facilities District No. 2006-2, Series B                 | CUSIP: 006784AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $625371.94    | 0.73%             | 2030-09-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Wyandotte County Unified School District                            | Wyandotte County Unified School District                                    | CUSIP: 982696SW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2567398.00   | 2.98%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                         | Washington State Housing Finance Commission, Series 2                       | CUSIP: 93978UAA4<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    373700 | PA      | $344034.26    | 0.40%             | 2040-03-20      | Variable      | 4.08%                 | No            |                  2 | On Loan: No      |
| MidCity Improvement District                                        | MidCity Improvement District                                                | CUSIP: 59564KAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $268828.70    | 0.31%             | 2044-11-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Kentwood Economic Development Corp.                                 | Kentwood Economic Development Corp.                                         | CUSIP: 491740ET9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $24717.25     | 0.03%             | 2025-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Toledo Hospital (The)                                               | Toledo Hospital (The)                                                       | CUSIP: 889184AD9<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1990568.34   | 2.31%             | 2038-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New York City Industrial Development Agency                         | New York City Industrial Development Agency, Series A                       | CUSIP: 64971PLK9<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $712369.90    | 0.83%             | 2046-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TSASC, Inc.                                                         | TSASC, Inc., Series B                                                       | CUSIP: 898526FR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1129473.00   | 1.31%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Travis County Development Authority                                 | Travis County Development Authority                                         | CUSIP: 89441AAY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $760405.88    | 0.88%             | 2054-09-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                             | Los Angeles Department of Water & Power, Series C                           | CUSIP: 5444953E2<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    560000 | PA      | $572277.27    | 0.66%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Union County Hospital Authority                                     | Union County Hospital Authority, Series B                                   | CUSIP: 906460DQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989037.20    | 1.15%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                | Puerto Rico Electric Power Authority, Series SS                             | CUSIP: 74526QEU2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     30000 | PA      | $30008.76     | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Elsinore Unified School District Community Facilities District | Lake Elsinore Unified School District Community Facilities District         | CUSIP: 509640YP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $859759.90    | 1.00%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                     | Pennsylvania Higher Education Assistance Agency, Series 1-C                 | CUSIP: 70878CBJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $929002.70    | 1.08%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                          | City of Los Angeles Department of Airports, Series A                        | CUSIP: 5444452W8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $586805.56    | 0.68%             | 2041-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Prairie Center Metropolitan District No. 3                          | Prairie Center Metropolitan District No. 3, Series B                        | CUSIP: 739476AH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027508.30   | 1.19%             | 2046-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                      | Buckeye Tobacco Settlement Financing Authority, Series B-2                  | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $655451.25    | 0.76%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                             | Michigan Strategic Fund                                                     | CUSIP: 594698QV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98180.63     | 0.11%             | 2048-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reunion East Community Development District                         | Reunion East Community Development District                                 | CUSIP: 761311AU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $456506.60    | 0.53%             | 2031-05-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                             | Los Angeles Department of Water & Power, Series C                           | CUSIP: 5444958D9<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    940000 | PA      | $946117.80    | 1.10%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                           | New York Transportation Development Corp.                                   | CUSIP: 650116HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1905146.81   | 2.21%             | 2054-12-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                            | Public Finance Authority, Series B                                          | CUSIP: 74439YGH8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500517.70    | 0.58%             | 2026-06-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Home Ownership   | Wisconsin Housing & Economic Development Authority Home Ownership, Series B | CUSIP: 97689QUW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $943423.70    | 1.09%             | 2044-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District                                | Denver City & County School District                                        | CUSIP: 249174ZN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1623318.60   | 1.88%             | 2049-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds MuniCash                                  | BlackRock Liquidity Funds MuniCash                                          | CUSIP: 09248U841<br>LEI: 549300RWBJ885673DL84 | Long             | STIV             | RF                | US        |    613899 | NS      | $613960.47    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago O'Hare International Airport                                | Chicago O'Hare International Airport, Series A                              | CUSIP: 1675934S8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1299000.00   | 1.51%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority                                          | Southeast Energy Authority                                                  | CUSIP: 84136HBC6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025676.90   | 1.19%             | 2056-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GDB Debt Recovery Authority of Puerto Rico                          | GDB Debt Recovery Authority of Puerto Rico                                  | CUSIP: 36829QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   2069825 | PA      | $2000748.94   | 2.32%             | 2040-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                           | New York Transportation Development Corp.                                   | CUSIP: 650116HM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015227.40   | 1.18%             | 2054-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mobile County Industrial Development Authority                      | Mobile County Industrial Development Authority, Series B                    | CUSIP: 60733UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $456354.70    | 0.53%             | 2054-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Brevard County Housing Finance Authority                            | Brevard County Housing Finance Authority                                    | CUSIP: 106904FX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021548.20   | 1.19%             | 2040-01-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                | Triborough Bridge & Tunnel Authority, Series A                              | CUSIP: 896032BB4<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1139821.25   | 1.32%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Nuveen AMT-Free Quality Municipal Income Fund                       | Nuveen AMT-Free Quality Municipal Income Fund                               | CUSIP: 670657105<br>LEI: 549300OTYQOOXS64NI63 | Long             |  | RF                | US        |     75000 | NS      | $816000.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Florida Housing Finance Corp.                                       | Florida Housing Finance Corp., Series 1                                     | CUSIP: 34074MUG4<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    725000 | PA      | $566965.66    | 0.66%             | 2035-07-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| BlackRock MuniHoldings Fund, Inc.                                   | BlackRock MuniHoldings Fund, Inc.                                           | CUSIP: 09253N104<br>LEI: MZBVMGS24JR92TGE6Z32 | Long             |  | RF                | US        |     49845 | NS      | $563746.95    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen AMT-Free Municipal Credit Income Fund                        | Nuveen AMT-Free Municipal Credit Income Fund                                | CUSIP: 67071L106<br>LEI: 549300LBMO1C0IG71T03 | Long             |  | RF                | US        |     76249 | NS      | $908888.08    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| North Carolina Housing Finance Agency                               | North Carolina Housing Finance Agency, Series 45                            | CUSIP: 658207D28<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $978818.60    | 1.14%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                               | Puerto Rico Sales Tax Financing Corp., Series A-1                           | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   3305000 | PA      | $1066875.81   | 1.24%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                             | Los Angeles Department of Water & Power, Series A                           | CUSIP: 5444956K5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    510000 | PA      | $527173.49    | 0.61%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                | Puerto Rico Electric Power Authority, Series VV                             | CUSIP: 74526QPM8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    290000 | PA      | $282594.15    | 0.33%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BlackRock Municipal Income Fund, Inc.                               | BlackRock Municipal Income Fund, Inc.                                       | CUSIP: 092CNT047<br>LEI: W7IEW9KTXVCYG8ZQQV11 | Long             |  | RF                | US        |      6521 | NS      | $83599.22     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                               | Puerto Rico Sales Tax Financing Corp., Series A-2                           | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |     35000 | PA      | $32909.94     | 0.04%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| South Dakota Housing Development Authority                          | South Dakota Housing Development Authority, Series A                        | CUSIP: 83756LBS3<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1126733.80   | 1.31%             | 2055-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                            | Public Finance Authority, Series A-1                                        | CUSIP: 74442PPU3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1326345.75   | 1.54%             | 2055-01-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| New York Transportation Development Corp.                           | New York Transportation Development Corp., Series A                         | CUSIP: 650116HV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $356090.88    | 0.41%             | 2054-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Maine State Housing Authority                                       | Maine State Housing Authority, Series B-2                                   | CUSIP: 56052FJ48<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |    925000 | PA      | $909813.17    | 1.06%             | 2048-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority              | California Statewide Communities Development Authority, Series A            | CUSIP: 13080SEX8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    355000 | PA      | $351047.79    | 0.41%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                 | Pennsylvania Housing Finance Agency, Series 145-A                           | CUSIP: 70879QWN9<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    495000 | PA      | $532455.66    | 0.62%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                          | Southern California Public Power Authority, Series C                        | CUSIP: 842477UA7<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    675000 | PA      | $675222.62    | 0.78%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Student Loan Authority                                 | Rhode Island Student Loan Authority, Series A                               | CUSIP: 762323DD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $846333.98    | 0.98%             | 2043-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                            | Arizona Industrial Development Authority, Series A                          | CUSIP: 04052FEM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1260209.88   | 1.46%             | 2053-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Houston                                                     | City of Houston                                                             | CUSIP: 442349GW0<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1529066.70   | 1.77%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Chicago Lakeshore East Special Assessment Area              | City of Chicago                                                             | CUSIP: 167686AP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $251966.03    | 0.29%             | 2032-12-01      | Fixed         | 3.45%                 | Yes           |                  2 | On Loan: No      |
| City of Greenville                                                  | City of Greenville                                                          | CUSIP: 396706JC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1234855.23   | 1.43%             | 2054-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                         | Commonwealth of Puerto Rico                                                 | CUSIP: 74514L4G9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    511593 | PA      | $272423.18    | 0.32%             | 2051-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| New Orleans Aviation Board                                          | New Orleans Aviation Board, Series C-2                                      | CUSIP: 64763HNG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $525154.35    | 0.61%             | 2041-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BlackRock Municipal Income Trust                                    | BlackRock Municipal Income Trust                                            | CUSIP: 09248F109<br>LEI: R3ITLLW1CUEQICP4XR90 | Long             |  | RF                | US        |     35744 | NS      | $347074.24    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Quality Municipal Income Fund                                | Nuveen Quality Municipal Income Fund                                        | CUSIP: 67066V101<br>LEI: 549300RDIO25ZNWCOA97 | Long             |  | RF                | US        |     52133 | NS      | $588581.57    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                  | Tobacco Settlement Financing Corp., Series B                                | CUSIP: 888809BF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1675025.80   | 1.94%             | 2045-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima (The)        | Industrial Development Authority of the County of Pima (The), Series B      | CUSIP: 72177PBW9<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    115000 | PA      | $112771.89    | 0.13%             | 2025-11-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.          | Tarrant County Cultural Education Facilities Finance Corp.                  | CUSIP: 87638RKC0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    500000 | PA      | $472996.75    | 0.55%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                | Tennessee Housing Development Agency, Series 3                              | CUSIP: 880461C89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $458355.31    | 0.53%             | 2044-07-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                     | California Community Choice Financing Authority, Series C                   | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039421.40   | 1.21%             | 2054-01-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                         | Commonwealth of Puerto Rico, Series A-1                                     | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     83000 | PA      | $67952.90     | 0.08%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp.                                  | New York Liberty Development Corp., Class 1                                 | CUSIP: 649519DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99569.10     | 0.12%             | 2044-11-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** NYLI MacKay Muni Income Opportunities Fund

**Signature:** Jack Benintende

**Name of Signer:** Jack Benintende

**Title:** Treasurer