# EDGAR Filing Document

**Accession Number:** 0001534881
**File Stem:** 0002071691-25-007492
**Filing Date:** 2025-11
**Character Count:** 450158
**Document Hash:** 5b49c8e0a1077120621d8ee372ba86ff
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-007492.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0002071691-25-007492

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Aspiriant Trust
- **CENTRAL INDEX KEY:** 0001534881

**ORGANIZATION NAME:**
- **EIN:** 205458457
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22648
- **FILM NUMBER:** 251525806

**BUSINESS ADDRESS:**
- **STREET 1:** 11100 SANTA MONICA BOULEVARD SUITE 600
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90025
- **BUSINESS PHONE:** (310) 806-4000

**MAIL ADDRESS:**
- **STREET 1:** 11100 SANTA MONICA BOULEVARD SUITE 600
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90025

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Aspiriant Global Equity Trust
- **DATE OF NAME CHANGE:** 20111214

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Advanced Global Equity Trust
- **DATE OF NAME CHANGE:** 20111213

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Advanced Capital Intelligence LLC
- **DATE OF NAME CHANGE:** 20111115

## Series and Classes Contracts Data

### Aspiriant Risk-Managed Municipal Bond Fund (Series ID: S000049584)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000156767 | Aspiriant Risk-Managed Municipal Bond Fund | RMMBX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-22648

- **c. CIK number of Registrant:** 0001534881

- **d. LEI of Registrant:** 549300G6IDUM5FT86W78

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

  - **Street Address 1:** 11100 Santa Monica Boulevard

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90025

  - **Telephone number:** 310-806-4000

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

- **a. Name of Series:** Aspiriant Risk-Managed Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000049584

- **c. LEI of Series:** 549300GNL6LF12YYHL49

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1196686509.48

**Total Liabilities:** $490836.85

**Net Assets:** $1196195672.63

**Cash Not Reported:** $223201.17

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 8180.72195100 | **1-Year:** 68691.33746500 | **5-Year:** 171699.29950400 | **10-Year:** 249582.78248000 | **30-Year:** 115104.83818200

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

- **3-Month:** 644.57564300 | **1-Year:** 1233.31394000 | **5-Year:** 3738.95815000 | **10-Year:** 11378.06799700 | **30-Year:** 8155.10720200

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000156767 | -0.55%               | 0.66%                | 2.59%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1047269.16              | $-10088035.33                              |
| Month 2  | $-1266507.03             | $5692568.59                                |
| Month 3  | $95118.93                | $26936701.32                               |

### 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.                                            | CUSIP: 57665NAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |   1000000 | PA      | $1017443.20   | 0.09%             | 2039-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Illinois State Toll Highway Authority                                                 | Illinois State Toll Highway Authority                                                         | CUSIP: 452252PY9<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1839786.80   | 0.15%             | 2046-01-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2021A                                                      | CUSIP: 45204FJL0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    600000 | PA      | $589309.26    | 0.05%             | 2037-08-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Port Authority of New York & New Jersey                                               | Port Authority of New York & New Jersey                                                       | CUSIP: 73358W5T7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1335940.65   | 0.11%             | 2050-07-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| City of Houston TX Airport System Revenue                                             | City of Houston TX Airport System Revenue                                                     | CUSIP: 4423487S1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750219.60    | 0.06%             | 2035-07-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Maryland Economic Development Corp.                                                   | Maryland Economic Development Corp.                                                           | CUSIP: 57420NCV1<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $965145.70    | 0.08%             | 2049-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74442EEX4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $456704.80    | 0.04%             | 2039-06-15      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Florida Development Finance Corp.                                                     | Florida Development Finance Corp., Series 2024                                                | CUSIP: 340618DW4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3125000 | PA      | $3077674.06   | 0.26%             | 2047-07-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Texas Public Finance Authority                                                        | Texas Public Finance Authority                                                                | CUSIP: 882669BM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4059142.40   | 0.34%             | 2037-02-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Puerto Rico Electric Power Authority                                                  | Puerto Rico Electric Power Authority, Series 2013A                                            | CUSIP: 74526YDG7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   2000000 | PA      | $1355000.00   | 0.11%             | 2042-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Black Belt Energy Gas District                                                        | Black Belt Energy Gas District, Series 2024A                                                  | CUSIP: 09182TDL8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    500000 | PA      | $545514.85    | 0.05%             | 2055-05-01      | Variable      | 5.25%                 | No            | 2                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority                                                                    | CUSIP: 45204EEJ3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1917043.21   | 0.16%             | 2046-09-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of Uhland TX                                                                     | City of Uhland                                                                                | CUSIP: 90352SAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $926867.81    | 0.08%             | 2055-09-01      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| City of Mesa Eastmark Community Facilities District No. 1                             | City of Mesa Eastmark Community Facilities District No 1                                      | CUSIP: 277484BS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    696000 | PA      | $678881.88    | 0.06%             | 2039-07-01      | Fixed         | 5.20%                 | Yes           | 2                  | On Loan: No      |
| Regional Transportation District Sales Tax Revenue                                    | Regional Transportation District Sales Tax Revenue                                            | CUSIP: 759136TH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4033013.20   | 0.34%             | 2041-11-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                                  | Colorado Educational & Cultural Facilities Authority, Series 2025 A1                          | CUSIP: 19645UTS3<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1480641.12   | 0.12%             | 2059-02-01      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| Fort Bend County Municipal Utility District No. 161                                   | Fort Bend County Municipal Utility District No. 161, Series 2017                              | CUSIP: 34683GBS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $347707.84    | 0.03%             | 2034-09-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| New Orleans Aviation Board                                                            | New Orleans Aviation Board                                                                    | CUSIP: 64763HHK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1493048.25   | 0.12%             | 2048-01-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Indiana Finance Authority                                                             | Indiana Finance Authority                                                                     | CUSIP: 45505VAD8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $978828.30    | 0.08%             | 2030-11-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc., Series 2024 A                                                  | CUSIP: 56035DGT3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082950.40   | 0.09%             | 2054-05-01      | Variable      | 5.00%                 | No            | 2                  | On Loan: No      |
| Maricopa County Pollution Control Corp.                                               | Maricopa County Pollution Control Corp., Series 2010 B                                        | CUSIP: 566854EL5<br>LEI: 549300QPXP6T4Y6I1D83 | Long             | STIV             | MUN               | US        |    625000 | PA      | $606772.06    | 0.05%             | 2043-06-01      | Variable      | 0.88%                 | No            | 2                  | On Loan: No      |
| City of Somerville MA                                                                 | City of Somerville, Series 2020                                                               | CUSIP: 8352405B4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $497056.54    | 0.04%             | 2039-10-15      | Fixed         | 2.12%                 | No            | 2                  | On Loan: No      |
| County of Broward FL Airport System Revenue                                           | County of Broward, Series 2019 A                                                              | CUSIP: 114894YL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1237137.99   | 0.10%             | 2035-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                                               | City of Phoenix Civic Improvement Corp., Series 2017 D                                        | CUSIP: 71883MMX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $995675.30    | 0.08%             | 2040-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Great Lakes Water Authority Sewage Disposal System Revenue                            | Great Lakes Water Authority Sewage Disposal System Revenue                                    | CUSIP: 39081HAR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012636.30   | 0.08%             | 2035-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| County of Clark NV                                                                    | County of Clark                                                                               | CUSIP: 181008BD4<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |    500000 | PA      | $455043.15    | 0.04%             | 2031-06-01      | Fixed         | 2.10%                 | No            | 2                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority                                                                    | CUSIP: 45204EZA9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    500000 | PA      | $509278.70    | 0.04%             | 2034-03-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| UAB Medicine Finance Authority                                                        | UAB Medicine Finance Authority                                                                | CUSIP: 902562CZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $2053105.23   | 0.17%             | 2033-09-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority                                                                    | CUSIP: 59447TMN0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006692.30   | 0.08%             | 2041-11-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority                                                                    | CUSIP: 45204EY51<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1695701.56   | 0.14%             | 2038-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Turtle Run Community Development District                                             | Turtle Run Community Development District                                                     | CUSIP: 900574BX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $137116.35    | 0.01%             | 2037-05-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of Los Angeles Department of Airports                                            | City of Los Angeles Department of Airports, Series 2018 A                                     | CUSIP: 544445ET2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011047.40   | 0.08%             | 2048-05-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Lansing Board of Water & Light                                                        | Lansing Board of Water & Light, Series 2024 A                                                 | CUSIP: 516391FN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $424652.60    | 0.04%             | 2054-07-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2020                                        | CUSIP: 650116CZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2527217.50   | 0.21%             | 2040-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                  | New Hope Cultural Education Facilities Finance Corp.                                          | CUSIP: 64542YAJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $382325.89    | 0.03%             | 2038-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| County of Harris TX Toll Road Revenue                                                 | County of Harris                                                                              | CUSIP: 41423PAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1133201.33   | 0.09%             | 2043-08-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of Chicago IL                                                                    | City of Chicago                                                                               | CUSIP: 167486M30<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1900252.05   | 0.16%             | 2034-01-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Jacksonville Port Authority                                                           | Jacksonville Port Authority                                                                   | CUSIP: 469466FG6<br>LEI: 5493009FOQEHVCVH7742 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2034470.20   | 0.17%             | 2044-11-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Massachusetts Educational Financing Authority                                         | Massachusetts Educational Financing Authority                                                 | CUSIP: 57563RPF0<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |    195000 | PA      | $173529.68    | 0.01%             | 2046-07-01      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Jacksonville Public Educational Building Authority                                    | Jacksonville Public Educational Building Authority                                            | CUSIP: 469480AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2520000 | PA      | $2396364.01   | 0.20%             | 2044-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Kentucky Economic Development Finance Authority                                       | Kentucky Economic Development Finance Authority                                               | CUSIP: 49126PFA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100302.72   | 0.09%             | 2040-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Invesco Quality Municipal Income Trust                                                | Invesco Quality Municipal Income Trust                                                        | CUSIP: 46133G107<br>LEI: WLEGDSEH0E242WVNUY02 | Long             |  | RF                | US        |     10183 | NS      | $100302.55    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Washington State Convention Center Public Facilities District                         | Washington State Convention Center Public Facilities District                                 | CUSIP: 93976ADU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $949073.18    | 0.08%             | 2043-07-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| City of Revere MA                                                                     | City of Revere, Series 2022                                                                   | CUSIP: 761440X76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $469543.45    | 0.04%             | 2047-08-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series 2024 B                                             | CUSIP: 64990AWW1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    650000 | PA      | $673749.38    | 0.06%             | 2051-03-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Florida Higher Educational Facilities Financing Authority                             | Florida Higher Educational Facilities Financing Authority                                     | CUSIP: 34073TKV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $479674.05    | 0.04%             | 2033-06-01      | Fixed         | 4.50%                 | Yes           | 2                  | On Loan: No      |
| County of Miami-Dade FL                                                               | County of Miami-Dade                                                                          | CUSIP: 59333FVE7<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |    650000 | PA      | $641253.99    | 0.05%             | 2042-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Texas Water Development Board                                                         | Texas Water Development Board, Series 2022                                                    | CUSIP: 88285ABH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $519229.90    | 0.04%             | 2047-10-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Washington Convention & Sports Authority                                              | Washington Convention & Sports Authority                                                      | CUSIP: 93878LCW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $885394.30    | 0.07%             | 2036-10-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Black Belt Energy Gas District                                                        | Black Belt Energy Gas District, Series 2021 C-2                                               | CUSIP: 09182TAN7<br>LEI: 549300I8V0Z68JQCB679 | Long             | STIV             | MUN               | US        |    500000 | PA      | $493698.65    | 0.04%             | 2052-10-01      | Floating      | 3.24%                 | No            | 2                  | On Loan: No      |
| County of Allegheny PA                                                                | County of Allegheny, Series C-76                                                              | CUSIP: 01728VTH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007418.50   | 0.08%             | 2041-11-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| State of Nevada Department of Business & Industry                                     | State of Nevada Department of Business & Industry                                             | CUSIP: 25490LAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $595235.74    | 0.05%             | 2035-12-15      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                    | South Carolina Jobs-Economic Development Authority, Series 2024                               | CUSIP: 83704HAL1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252675.50    | 0.02%             | 2044-11-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Fort Bend Independent School District                                                 | Fort Bend Independent School District, Series 2024B                                           | CUSIP: 346843VT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1279410.38   | 0.11%             | 2054-08-01      | Variable      | 4.00%                 | No            | 2                  | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc., Series 2023E SUB E1                                            | CUSIP: 56035DGB2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2156052.00   | 0.18%             | 2053-12-01      | Variable      | 5.00%                 | No            | 2                  | On Loan: No      |
| California Municipal Finance Authority                                                | California Municipal Finance Authority                                                        | CUSIP: 13048DBH0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    905000 | PA      | $905098.92    | 0.08%             | 2035-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Eastern Municipal Water District                                                      | Eastern Municipal Water District, Series 2018 A                                               | CUSIP: 27627TBV3<br>LEI: 549300ZCFVRFDIRWK089 | Long             | STIV             | MUN               | US        |   6000000 | PA      | $6000000.00   | 0.50%             | 2046-07-01      | Variable      | 3.15%                 | No            | 2                  | On Loan: No      |
| City of Minneapolis MN                                                                | City of Minneapolis                                                                           | CUSIP: 60375CAV6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |     70000 | PA      | $67072.38     | 0.01%             | 2037-12-01      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| County of Cook IL Sales Tax Revenue                                                   | County of Cook                                                                                | CUSIP: 213248BD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1249739.52   | 0.10%             | 2033-11-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Greater Asheville Regional Airport Authority                                          | Greater Asheville Regional Airport Authority                                                  | CUSIP: 39160CAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033346.40   | 0.09%             | 2052-07-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Education Dedicated Capital Improvement Tax                          | Chicago Board of Education Dedicated Capital Improvement Tax                                  | CUSIP: 167510AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $181607.31    | 0.02%             | 2037-04-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Sangamon Logan & Menard Counties Community Unit School Dist No. 15 Williamsville      | Sangamon Logan & Menard Counties Community Unit School Dist No. 15 Williamsville              | CUSIP: 800783FR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $725992.65    | 0.06%             | 2039-12-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority                                                                    | CUSIP: 59447PYP0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1165978.48   | 0.10%             | 2031-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                             | Maryland Health & Higher Educational Facilities Authority, Series 2020 B                      | CUSIP: 5742187N7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $870322.20    | 0.07%             | 2050-04-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| State of Hawaii Airports System Revenue                                               | State of Hawaii Airports System, Series 2025A                                                 | CUSIP: 419794J37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048087.20   | 0.09%             | 2051-07-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Lakeside Community Development District                                               | Lakeside Community Development District                                                       | CUSIP: 51214RAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1671430.69   | 0.14%             | 2035-05-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                                  | Colorado Educational & Cultural Facilities Authority                                          | CUSIP: 19645UBG8<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    460000 | PA      | $454321.35    | 0.04%             | 2039-10-01      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74445QCK4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |      7135 | PA      | $122.16       | 0.00%             | 2056-01-01      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Lee County Industrial Development Authority/FL                                        | Lee County Industrial Development Authority                                                   | CUSIP: 52349EDX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $962979.20    | 0.08%             | 2049-11-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Omaha Public Power District                                                           | Omaha Public Power District                                                                   | CUSIP: 682001HQ8<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2085719.60   | 0.17%             | 2052-02-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Palomar Health                                                                        | Palomar Health                                                                                | CUSIP: 69753RCW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3761362.50   | 0.31%             | 2032-08-01      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corp. I                                    | Texas Municipal Gas Acquisition and Supply Corp. I                                            | CUSIP: 88256CAS8<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |    555000 | PA      | $557086.08    | 0.05%             | 2025-12-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| iShares National Muni Bond ETF                                                        | iShares National Muni Bond ETF                                                                | CUSIP: 464288414<br>LEI: 549300H21FUYFQW9N157 | Long             |  | RF                | US        |    670465 | NS      | $71397817.85  | 5.97%             |  |  |  | No            | 1                  | On Loan: No      |
| Illinois State Toll Highway Authority                                                 | Illinois State Toll Highway Authority, Series 2015A                                           | CUSIP: 452252KS7<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    375000 | PA      | $375195.68    | 0.03%             | 2040-01-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd      | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd, Series 2023 | CUSIP: 592029CM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025185.30   | 0.09%             | 2053-05-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Grant County Public Hospital District No. 2                                           | Grant County Public Hospital District No. 2                                                   | CUSIP: 387816DA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1350627.75   | 0.11%             | 2038-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Florida Development Finance Corp.                                                     | Florida Development Finance Corp., Series 2024A                                               | CUSIP: 34061XAG7<br>LEI: 549300HC854CNBLMWC48 | Long             | STIV             | MUN               | US        |   1750000 | PA      | $1767801.53   | 0.15%             | 2054-10-01      | Variable      | 4.38%                 | Yes           | 2                  | On Loan: No      |
| Medford Hospital Facilities Authority                                                 | Medford Hospital Facilities Authority                                                         | CUSIP: 584283GY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $960517.00    | 0.08%             | 2039-08-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Lee County Industrial Development Authority/FL                                        | Lee County Industrial Development Authority                                                   | CUSIP: 52349EDW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1988922.60   | 0.17%             | 2044-11-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Miami-Dade County Industrial Development Authority                                    | Miami-Dade County Industrial Development Authority                                            | CUSIP: 59333ECQ4<br>LEI: 549300RM19LZY32DAU30 | Long             | DBT              | MUN               | US        |    525000 | PA      | $525150.20    | 0.04%             | 2034-09-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of Orlando FL Tourist Development Tax Revenue                                    | City of Orlando                                                                               | CUSIP: 686499BY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $466983.72    | 0.04%             | 2033-11-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Invesco Municipal Income Opportunities Trust                                          | Invesco Municipal Income Opportunities Trust                                                  | CUSIP: 46132X101<br>LEI: DJSR2NJ3985722G80Y20 | Long             |  | RF                | US        |      6570 | NS      | $39617.10     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Trinity River Authority Denton Creek Wastewater Treatment System Revenue              | Trinity River Authority Denton Creek Wastewater Treatment System, Series 2024                 | CUSIP: 896564ZM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $928135.80    | 0.08%             | 2044-02-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Wonder Lake Village Special Service Area No. 1                                        | Wonder Lake Village Special Service Area No. 1                                                | CUSIP: 978168AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $614973.62    | 0.05%             | 2034-03-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| JPMorgan Prime Money Market Fund                                                      | JPMorgan Prime Money Market Fund, Institutional Class Shares                                  | CUSIP: N/A<br>LEI: 549300YD7H8SEEU7VG41       | Long             | STIV             | RF                | US        |  15558484 | NS      | $15566263.25  | 1.30%             |  |  |  | No            | 1                  | On Loan: No      |
| City of Chicago IL                                                                    | City of Chicago, Series 2024A                                                                 | CUSIP: 167486T33<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $985549.50    | 0.08%             | 2045-01-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| West Virginia Parkways Authority                                                      | West Virginia Parkways Authority                                                              | CUSIP: 956510AU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038719.50   | 0.09%             | 2037-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of Houston TX Airport System Revenue                                             | City of Houston, Series 2024B                                                                 | CUSIP: 442349HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073657.60   | 0.09%             | 2038-07-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| California Community Choice Financing Authority                                       | California Community Choice Financing Authority, Series 2023 B-2                              | CUSIP: 13013JCC8<br>LEI: 549300X8VKJ215S2R571 | Long             | STIV             | MUN               | US        |    750000 | PA      | $753921.08    | 0.06%             | 2053-07-01      | Floating      | 4.43%                 | No            | 2                  | On Loan: No      |
| County of Bay FL                                                                      | County of Bay                                                                                 | CUSIP: 072222AH5<br>LEI: 549300B3J43WKYUSHO26 | Long             | DBT              | MUN               | US        |    500000 | PA      | $499963.85    | 0.04%             | 2043-09-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Yakima County School District No. 208 West Valley                                     | Yakima County School District No. 208 West Valley                                             | CUSIP: 984487PG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025089.70   | 0.09%             | 2034-12-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Inland Empire Tobacco Securitization Corp.                                            | Inland Empire Tobacco Securitization Corp., Series 2007C-1                                    | CUSIP: 45734TAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $952187.80    | 0.08%             | 2036-06-01      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Idaho Housing & Finance Association                                                   | Idaho Housing & Finance Association                                                           | CUSIP: 45129GDG7<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    565000 | PA      | $566204.07    | 0.05%             | 2054-07-01      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| County of Cook IL Sales Tax Revenue                                                   | County of Cook                                                                                | CUSIP: 213248CL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060493.00   | 0.09%             | 2038-11-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Arkansas Development Finance Authority                                                | Arkansas Development Finance Authority                                                        | CUSIP: 04110FAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499892.05    | 0.04%             | 2052-09-01      | Fixed         | 5.45%                 | No            | 2                  | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                                | Maine Health & Higher Educational Facilities Authority, Series 2017 A                         | CUSIP: 56042SAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52052.95     | 0.00%             | 2028-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74445QCL2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |      7085 | PA      | $113.75       | 0.00%             | 2057-01-01      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                     | Southeast Energy Authority A Cooperative District, Series 2024C                               | CUSIP: 84136HAH6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1091422.80   | 0.09%             | 2055-10-01      | Variable      | 5.00%                 | No            | 2                  | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                                  | Colorado Educational & Cultural Facilities Authority                                          | CUSIP: 19645RWV9<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |     95000 | PA      | $95237.90     | 0.01%             | 2034-08-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri                            | CUSIP: 60637AMV1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016268.70   | 0.08%             | 2043-11-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Fort Bend County Municipal Utility District No. 118                                   | Fort Bend County Municipal Utility District No. 118, Series 2015                              | CUSIP: 346816KP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $979233.90    | 0.08%             | 2033-09-01      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue             | Wisconsin Housing & Economic Development Authority Home Ownership, Series 2024 A              | CUSIP: 97689QTS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997423.80    | 0.08%             | 2044-09-01      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| County of Orange NY                                                                   | County of Orange, Series 2017A                                                                | CUSIP: 6845755P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $727343.63    | 0.06%             | 2029-06-15      | Fixed         | 2.38%                 | No            | 2                  | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2025                                        | CUSIP: 650116JB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $541119.40    | 0.05%             | 2039-06-30      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue                                | Triborough Bridge & Tunnel Authority Sales Tax, Series 2024ASUB A-1                           | CUSIP: 896035DE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038761.40   | 0.09%             | 2054-05-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| New Jersey Economic Development Authority                                             | New Jersey Economic Development Authority                                                     | CUSIP: 645912DR4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    280000 | PA      | $280255.58    | 0.02%             | 2034-10-01      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| Delaware State Housing Authority                                                      | Delaware State Housing Authority, Series 2024 C                                               | CUSIP: 246395F77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $1074867.30   | 0.09%             | 2055-01-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Municipal Electric Authority of Georgia                                               | Municipal Electric Authority of Georgia                                                       | CUSIP: 62620HAX0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200414.90    | 0.02%             | 2056-01-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Williamsport Area School District                                                     | Williamsport Area School District                                                             | CUSIP: 970174SM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500106.75    | 0.04%             | 2035-03-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Ohio Air Quality Development Authority                                                | Ohio Air Quality Development Authority, Series 2019                                           | CUSIP: 67754AAF1<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1374606.90   | 0.11%             | 2049-07-01      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Black Belt Energy Gas District                                                        | Black Belt Energy Gas District                                                                | CUSIP: 09182NBR0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2068367.20   | 0.17%             | 2051-06-01      | Variable      | 4.00%                 | No            | 2                  | On Loan: No      |
| Tennergy Corp.                                                                        | Tennergy Corp.                                                                                | CUSIP: 880397BW3<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1537315.95   | 0.13%             | 2051-12-01      | Variable      | 4.00%                 | No            | 2                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority                                                                    | CUSIP: 45204EYZ5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    670000 | PA      | $683688.64    | 0.06%             | 2033-03-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 744396AG7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    165000 | PA      | $165070.82    | 0.01%             | 2042-07-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2025                                        | CUSIP: 650116JH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1622858.43   | 0.14%             | 2045-06-30      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74442EKW9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $487132.35    | 0.04%             | 2048-06-15      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| City of Baltimore MD                                                                  | City of Baltimore                                                                             | CUSIP: 05922KZP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2549221.50   | 0.21%             | 2036-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Central Plains Energy Project                                                         | Central Plains Energy Project, Series 2025A SUB A-1                                           | CUSIP: 154872AY1<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1081661.90   | 0.09%             | 2055-08-01      | Variable      | 5.00%                 | No            | 2                  | On Loan: No      |
| Windward at Lakewood Ranch Community Development District                             | Windward at Lakewood Ranch Community Development District                                     | CUSIP: 97382EAJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $759112.81    | 0.06%             | 2042-05-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                           | Connecticut State Health & Educational Facilities Authority, Series L                         | CUSIP: 20774YXJ1<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500154.30    | 0.04%             | 2036-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Westpark Community Facilities District                                                | Westpark Community Facilities District                                                        | CUSIP: 96122EAU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $793034.48    | 0.07%             | 2032-07-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Westmoreland County Municipal Authority                                               | Westmoreland County Municipal Authority, Series 2016                                          | CUSIP: 961017QQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1115722.52   | 0.09%             | 2038-08-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Washington Health Care Facilities Authority                                           | Washington Health Care Facilities Authority                                                   | CUSIP: 93978HWH4<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    500000 | PA      | $517656.65    | 0.04%             | 2038-08-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2024                                            | CUSIP: 546399TA4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2377710.25   | 0.20%             | 2066-09-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Hannibal Industrial Development Authority                                             | Hannibal Industrial Development Authority                                                     | CUSIP: 410632CP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $411564.39    | 0.03%             | 2047-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                              | County of Miami-Dade, Series 2024 A                                                           | CUSIP: 59333P7N2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3280075.50   | 0.27%             | 2036-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of Austin TX Airport System Revenue                                              | City of Austin, Series 2022                                                                   | CUSIP: 052398HG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $968234.66    | 0.08%             | 2031-11-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Birmingham-Jefferson Civic Center Authority                                           | Birmingham-Jefferson Civic Center Authority, Series 2018 A                                    | CUSIP: 091156MR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $377033.81    | 0.03%             | 2048-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74445QCB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |      7034 | PA      | $203.83       | 0.00%             | 2048-01-01      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Pittsburg Public Financing Authority                                                  | Pittsburg Public Financing Authority                                                          | CUSIP: 72456PBQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $979748.90    | 0.08%             | 2047-08-01      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| City of Horace ND                                                                     | City of Horace, Series 2024 C                                                                 | CUSIP: 440365JP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $983744.00    | 0.08%             | 2050-05-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| California School Finance Authority                                                   | California School Finance Authority                                                           | CUSIP: 13058TLY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $649999.61    | 0.05%             | 2036-08-01      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| State of Washington                                                                   | State of Washington                                                                           | CUSIP: 939720S41<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1536635.40   | 0.13%             | 2044-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series 2024A                                              | CUSIP: 64990KFX6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1579886.70   | 0.13%             | 2052-03-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Allegheny County Airport Authority                                                    | Allegheny County Airport Authority, Series 2023A                                              | CUSIP: 01728LHD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1570611.60   | 0.13%             | 2048-01-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Commonwealth of Massachusetts                                                         | Commonwealth of Massachusetts, Series 2024A                                                   | CUSIP: 57582R5R3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038751.10   | 0.09%             | 2054-01-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Colorado Health Facilities Authority                                                  | Colorado Health Facilities Authority                                                          | CUSIP: 19648FDH4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    500000 | PA      | $519505.85    | 0.04%             | 2036-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Denton Independent School District                                                    | Denton Independent School District, Series 2023                                               | CUSIP: 249002MB9<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040110.50   | 0.09%             | 2048-08-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Energy Southeast A Cooperative District                                               | Energy Southeast A Cooperative District, Series 2024B                                         | CUSIP: 292723BN2<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1096277.00   | 0.09%             | 2054-07-01      | Variable      | 5.25%                 | No            | 2                  | On Loan: No      |
| Mackay Municipal Opportunities Fund LP                                                | Mackay Municipal Opportunities Fund LP, Class A                                               | CUSIP: N/A<br>LEI: 549300L3TM1Y49HRGT03       | Long             |  | PF                | US        |      4953 | NS      | $101926425.53 | 8.52%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                         | Allentown Neighborhood Improvement Zone Development Authority                                 | CUSIP: 018444BZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $256022.63    | 0.02%             | 2042-05-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Florida Development Finance Corp.                                                     | Florida Development Finance Corp.                                                             | CUSIP: 34061UBE7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    645000 | PA      | $645759.42    | 0.05%             | 2034-07-01      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| Hempstead Town Local Development Corp.                                                | Hempstead Town Local Development Corp.                                                        | CUSIP: 424685AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $982848.60    | 0.08%             | 2047-02-01      | Fixed         | 6.24%                 | No            | 2                  | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                 | Pennsylvania Economic Development Financing Authority, Series 2020 A-1                        | CUSIP: 708686EK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $30.01        | 0.00%             | 2040-12-01      | Fixed         | 10.00%                | Yes           | 2                  | On Loan: No      |
| City of Wichita KS                                                                    | City of Wichita, Series 2024 VIII                                                             | CUSIP: 967249RN5<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $935523.40    | 0.08%             | 2050-05-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| Weld County School District No. RE-4                                                  | Weld County School District No. RE-4                                                          | CUSIP: 949232FB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064177.50   | 0.09%             | 2047-12-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| North Carolina Housing Finance Agency                                                 | North Carolina Housing Finance Agency, Series 39-B                                            | CUSIP: 658207VD4<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    270000 | PA      | $271479.41    | 0.02%             | 2048-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| DWS Municipal Income Trust                                                            | DWS Municipal Income Trust                                                                    | CUSIP: 233368109<br>LEI: TEL2CK71Z3LE1OCHIB43 | Long             |  | RF                | US        |     66923 | NS      | $613683.91    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Intermountain Power Agency                                                            | Intermountain Power Agency, Series 2023 A                                                     | CUSIP: 45884AG31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046689.00   | 0.09%             | 2045-07-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Columbus Regional Airport Authority                                                   | Columbus Regional Airport Authority, Series 2025 A                                            | CUSIP: 199546CX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $531129.85    | 0.04%             | 2041-01-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| San Antonio Water System                                                              | San Antonio Water System                                                                      | CUSIP: 79642GAY8<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021547.10   | 0.09%             | 2043-05-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Chicago O'Hare International Airport                                                  | Chicago O'Hare International Airport                                                          | CUSIP: 167593X98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516667.40    | 0.04%             | 2053-01-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| MIDA Mountain Veterans Program Public Infrastructure District                         | MIDA Mountain Veterans Program Public Infrastructure District, Series 2024                    | CUSIP: 59561SAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $481255.85    | 0.04%             | 2054-06-01      | Fixed         | 5.20%                 | Yes           | 2                  | On Loan: No      |
| Bonterra Community Development District                                               | Bonterra Community Development District                                                       | CUSIP: 098541AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $89643.16     | 0.01%             | 2047-05-01      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| County of Ward ND                                                                     | County of Ward                                                                                | CUSIP: 934023EW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1836542.40   | 0.15%             | 2053-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Philadelphia Gas Works Co.                                                            | Philadelphia Gas Works Co.                                                                    | CUSIP: 71783MBY0<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1076330.66   | 0.09%             | 2045-08-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Missouri Housing Development Commission                                               | Missouri Housing Development Commission, Series 2024C                                         | CUSIP: 60637GBB4<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1272017.39   | 0.11%             | 2049-11-01      | Fixed         | 4.65%                 | No            | 2                  | On Loan: No      |
| Will County Community High School District No. 210 Lincoln-Way                        | Will County Community High School District No. 210 Lincoln-Way                                | CUSIP: 969073MX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $201483.50    | 0.02%             | 2032-01-01      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority                                                                    | CUSIP: 594479GE1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1327612.53   | 0.11%             | 2038-09-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Fairfax County Industrial Development Authority                                       | Fairfax County Industrial Development Authority, Series 2024                                  | CUSIP: 30382VAY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037336.40   | 0.09%             | 2051-05-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Los Angeles Department of Water & Power                                               | Los Angeles Department of Water & Power, Series 2018 D                                        | CUSIP: 5444955V2<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    925000 | PA      | $967670.62    | 0.08%             | 2033-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Tennessee Energy Acquisition Corp.                                                    | Tennessee Energy Acquisition Corp.                                                            | CUSIP: 880443BT2<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016050.80   | 0.08%             | 2026-09-01      | Fixed         | 5.62%                 | No            | 2                  | On Loan: No      |
| BNY Mellon Strategic Municipal Bond Fund, Inc.                                        | BNY Mellon Strategic Municipal Bond Fund, Inc.                                                | CUSIP: 09662E109<br>LEI: 54930044KK4C1VDJ7M52 | Long             |  | RF                | US        |    127431 | NS      | $754391.52    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| River Hall Community Development District                                             | River Hall Community Development District, Series 2024                                        | CUSIP: 768247BC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $882908.37    | 0.07%             | 2055-05-01      | Fixed         | 5.62%                 | Yes           | 2                  | On Loan: No      |
| Las Vegas Valley Water District                                                       | Las Vegas Valley Water District, Series 2022A                                                 | CUSIP: 517845NK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1218922.64   | 0.10%             | 2046-06-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Commonwealth of Puerto Rico                                                           | Commonwealth of Puerto Rico                                                                   | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   1060310 | PA      | $1134737.40   | 0.09%             | 2029-07-01      | Fixed         | 5.62%                 | No            | 2                  | On Loan: No      |
| State of Illinois Sales Tax Revenue                                                   | State of Illinois Sales Tax                                                                   | CUSIP: 452227MB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1886753.00   | 0.16%             | 2033-06-15      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| City of Houston TX Airport System Revenue                                             | City of Houston, Series 2023A                                                                 | CUSIP: 442349GX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1061464.05   | 0.09%             | 2053-07-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| New York Liberty Development Corp.                                                    | New York Liberty Development Corp.                                                            | CUSIP: 531127AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1150794.20   | 0.10%             | 2035-10-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| County of Miami-Dade FL Transit System                                                | County of Miami-Dade                                                                          | CUSIP: 59334PHU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1370318.25   | 0.11%             | 2049-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series 2024D                                        | CUSIP: 57584Y7Y9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    745000 | PA      | $770228.23    | 0.06%             | 2054-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Broadway Station Metropolitan District No. 3                                          | Broadway Station Metropolitan District No. 3                                                  | CUSIP: 111571AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $433057.75    | 0.04%             | 2039-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| New Jersey Economic Development Authority                                             | New Jersey Economic Development Authority                                                     | CUSIP: 64578JBA3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    890000 | PA      | $877625.89    | 0.07%             | 2029-07-01      | Fixed         | 3.12%                 | No            | 2                  | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                                  | Colorado Educational & Cultural Facilities Authority                                          | CUSIP: 19645RPL9<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    390000 | PA      | $390394.17    | 0.03%             | 2030-04-01      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| Austin Community College District                                                     | Austin Community College District, Series 2023                                                | CUSIP: 052403KJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050933.30   | 0.09%             | 2053-08-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                   | Wisconsin Health & Educational Facilities Authority                                           | CUSIP: 97712JEP4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $888644.40    | 0.07%             | 2046-12-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Montgomery County Housing Opportunities Commission                                    | Montgomery County Housing Opportunities Commission, Series 2019 C                             | CUSIP: 613353BE0<br>LEI: 549300HDL0LLRHMDL092 | Long             | DBT              | MUN               | US        |   1080000 | PA      | $965871.43    | 0.08%             | 2039-07-01      | Fixed         | 3.30%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74445QCR9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |      6730 | PA      | $79.73        | 0.00%             | 2062-01-01      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority                                                                    | CUSIP: 59447PYT2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000839.90   | 0.08%             | 2039-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Albemarle County Economic Development Authority                                       | Albemarle County Economic Development Authority, Series 2018 B                                | CUSIP: 012663AM2<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |    640000 | PA      | $640000.00    | 0.05%             | 2048-10-01      | Variable      | 3.90%                 | No            | 2                  | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                             | Golden State Tobacco Securitization Corp., Series 2021 B-2                                    | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $319520.70    | 0.03%             | 2066-06-01      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Education Dedicated Capital Improvement Tax                          | Chicago Board of Education Dedicated Capital Improvement Tax                                  | CUSIP: 167510AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1114587.54   | 0.09%             | 2046-04-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| City of Houston TX Airport System Revenue                                             | City of Houston, Series 2025 A                                                                | CUSIP: 442349JU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1865501.40   | 0.16%             | 2050-07-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Oklahoma Development Finance Authority                                                | Oklahoma Development Finance Authority                                                        | CUSIP: 67884XCJ4<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1860084.40   | 0.16%             | 2048-08-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Neuberger Berman Municipal Fund, Inc.                                                 | Neuberger Berman Municipal Fund, Inc.                                                         | CUSIP: 64124P101<br>LEI: 549300IIZWX8QVUHXO20 | Long             |  | RF                | US        |     13218 | NS      | $136409.76    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2024A                                                        | CUSIP: 74448EAA2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $503213.95    | 0.04%             | 2041-06-01      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Sierra Vista Industrial Development Authority                                         | Sierra Vista Industrial Development Authority, Series 2025                                    | CUSIP: 82652UBE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $532582.21    | 0.04%             | 2045-06-15      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| Development Authority of Burke County (The)                                           | Development Authority of Burke County (The)                                                   | CUSIP: 121342QC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $436696.20    | 0.04%             | 2032-10-01      | Fixed         | 2.20%                 | No            | 2                  | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2023                                        | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1563877.35   | 0.13%             | 2054-06-30      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Temecula Public Financing Authority                                                   | Temecula Public Financing Authority                                                           | CUSIP: 87972YFY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104635.51    | 0.01%             | 2032-09-01      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| Maricopa County Industrial Development Authority                                      | Maricopa County Industrial Development Authority                                              | CUSIP: 56681NEM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $121100.30    | 0.01%             | 2039-07-01      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| West Virginia Economic Development Authority                                          | West Virginia Economic Development Authority, Series 2025                                     | CUSIP: 95648VBU2<br>LEI: 549300WW88TKKF5H1220 | Long             | STIV             | MUN               | US        |    150000 | PA      | $156542.06    | 0.01%             | 2055-01-01      | Variable      | 5.45%                 | Yes           | 2                  | On Loan: No      |
| Central Texas Turnpike System                                                         | Central Texas Turnpike System, Series 2024 A                                                  | CUSIP: 88283KBV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2527701.33   | 0.21%             | 2038-08-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Cathedral Pines Metropolitan District                                                 | Cathedral Pines Metropolitan District                                                         | CUSIP: 14918CAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2005000 | PA      | $1992718.57   | 0.17%             | 2046-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74445QCQ1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |      6781 | PA      | $85.25        | 0.00%             | 2061-01-01      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Chicago O'Hare International Airport                                                  | Chicago O'Hare International Airport, Series 2022A                                            | CUSIP: 167593Y48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $647538.56    | 0.05%             | 2055-01-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| District of Columbia Tobacco Settlement Financing Corp.                               | District of Columbia Tobacco Settlement Financing Corp., Series 2006 A                        | CUSIP: 254842BB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $1142105.50   | 0.10%             | 2046-06-15      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74445QDS6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |      7186 | PA      | $240.90       | 0.00%             | 2046-01-01      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| BlackRock MuniHoldings Quality Fund II, Inc.                                          | BlackRock MuniHoldings Quality Fund II, Inc.                                                  | CUSIP: 09254C107<br>LEI: V04K6JK5YHD4O5SHSC34 | Long             |  | RF                | US        |      4548 | NS      | $45752.88     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| San Diego Public Facilities Financing Authority                                       | San Diego Public Facilities Financing Authority, Series 2023 A                                | CUSIP: 79730CLM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074644.90   | 0.09%             | 2048-08-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| California Statewide Communities Development Authority                                | California Statewide Communities Development Authority                                        | CUSIP: 13080SEW0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1499966.85   | 0.13%             | 2044-12-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| South Carolina Public Service Authority                                               | South Carolina Public Service Authority                                                       | CUSIP: 837151U31<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1616703.60   | 0.14%             | 2047-12-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Southern California Public Power Authority                                            | Southern California Public Power Authority, Series 2023-1A                                    | CUSIP: 842469AZ1<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    835000 | PA      | $935572.91    | 0.08%             | 2031-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74445QCD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |      6882 | PA      | $172.32       | 0.00%             | 2050-01-01      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Invesco Advantage Municipal Income Trust II                                           | Invesco Advantage Municipal Income Trust II                                                   | CUSIP: 46132E103<br>LEI: DA89O2CSN0WUDR74HM71 | Long             |  | RF                | US        |     34009 | NS      | $298258.93    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                           | Metropolitan Washington Airports Authority Aviation, Series 2019A                             | CUSIP: 592647GP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1205668.20   | 0.10%             | 2049-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority, Series 2024                                                       | CUSIP: 59447NBD7<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $940755.70    | 0.08%             | 2054-02-28      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| Hempstead Town Local Development Corp.                                                | Hempstead Town Local Development Corp.                                                        | CUSIP: 424685AS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $937741.70    | 0.08%             | 2044-02-01      | Fixed         | 5.66%                 | No            | 2                  | On Loan: No      |
| San Joaquin Valley Clean Energy Authority                                             | San Joaquin Valley Clean Energy Authority, Series 2025A                                       | CUSIP: 79811YAK4<br>LEI: 254900VA5DFN33OVGH87 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1722790.95   | 0.14%             | 2056-01-01      | Variable      | 5.50%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74445QAG5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     83706 | PA      | $695.95       | 0.00%             | 2067-01-01      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| School District of Philadelphia (The)                                                 | School District of Philadelphia (The)                                                         | CUSIP: 717883XR8<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5113.75      | 0.00%             | 2038-09-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                                     | Chicago Transit Authority Sales Tax Receipts Fund                                             | CUSIP: 16772PBU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2506973.75   | 0.21%             | 2046-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority                                                                    | CUSIP: 452022BR6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $963833.40    | 0.08%             | 2047-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees/OK                                             | Tulsa Municipal Airport Trust Trustees, Series 2025                                           | CUSIP: 899661EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $858449.48    | 0.07%             | 2035-12-01      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| Empire State Development Corp.                                                        | Empire State Development Corp., Series 2023A                                                  | CUSIP: 650036JT4<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2059027.60   | 0.17%             | 2063-03-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2022                                        | CUSIP: 650116FH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082208.20   | 0.09%             | 2033-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc., Series 2023D                                                   | CUSIP: 56035DFT4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2143571.40   | 0.18%             | 2054-05-01      | Variable      | 5.00%                 | No            | 2                  | On Loan: No      |
| Colorado Health Facilities Authority                                                  | Colorado Health Facilities Authority                                                          | CUSIP: 19648A4M4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502339.15    | 0.04%             | 2035-01-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Allegheny County Airport Authority                                                    | Allegheny County Airport Authority                                                            | CUSIP: 01728LGH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2558043.00   | 0.21%             | 2056-01-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Municipal Electric Authority of Georgia                                               | Municipal Electric Authority of Georgia, Series 2019A                                         | CUSIP: 626207Z72<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997694.00    | 0.08%             | 2063-01-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Century Gardens at Tamiami Community Development District                             | Century Gardens at Tamiami Community Development District                                     | CUSIP: 15652CAR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $93338.54     | 0.01%             | 2037-05-01      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| County of Baltimore MD                                                                | County of Baltimore, Series 78TH ISSUE                                                        | CUSIP: 05914FYZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001297.10   | 0.08%             | 2046-02-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| County of Broward FL Airport System Revenue                                           | County of Broward FL Airport System Revenue                                                   | CUSIP: 114894WX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000647.60   | 0.08%             | 2036-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Celebrate North Community Development Authority                                       | Celebrate North Community Development Authority                                               | CUSIP: 15101JAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $443300.00    | 0.04%             | 2018-03-01      | Fixed         | 4.69%                 | No            | 2                  | On Loan: No      |
| Southern California Public Power Authority                                            | Southern California Public Power Authority                                                    | CUSIP: 842471AY0<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1499730.49   | 0.13%             | 2033-11-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| California Municipal Finance Authority                                                | California Municipal Finance Authority                                                        | CUSIP: 13048DCW6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |     50000 | PA      | $48797.55     | 0.00%             | 2039-10-01      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                 | Pennsylvania Economic Development Financing Authority                                         | CUSIP: 70870JFM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $890030.90    | 0.07%             | 2048-05-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Johnson County Unified School District No. 512 Shawnee Mission                        | Johnson County Unified School District No. 512 Shawnee Mission                                | CUSIP: 478740XC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $975447.50    | 0.08%             | 2043-10-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Commonwealth Financing Authority                                                      | Commonwealth Financing Authority                                                              | CUSIP: 20282EAQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1903815.00   | 0.16%             | 2034-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Washington Suburban Sanitary Commission                                               | Washington Suburban Sanitary Commission                                                       | CUSIP: 940158DQ8<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $948747.00    | 0.08%             | 2049-06-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| City of Bryan TX                                                                      | City of Bryan                                                                                 | CUSIP: 117566CP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1182330.27   | 0.10%             | 2043-08-15      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Uptown Development Authority                                                          | Uptown Development Authority                                                                  | CUSIP: 916856GM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1206503.16   | 0.10%             | 2036-09-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| San Diego Unified School District                                                     | San Diego Unified School District, Series R-2                                                 | CUSIP: 797355Q56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $638917.31    | 0.05%             | 2041-07-01      | Variable      | 0.00%                 | No            | 2                  | On Loan: No      |
| Nassau County Local Economic Assistance Corp.                                         | Nassau County Local Economic Assistance Corp.                                                 | CUSIP: 63166LCZ2<br>LEI: 549300FCI13UFG0Y6Y37 | Long             | DBT              | MUN               | US        |    650000 | PA      | $650345.80    | 0.05%             | 2034-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Kansas City Industrial Development Authority                                          | Kansas City Industrial Development Authority                                                  | CUSIP: 48504NAZ2<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    980000 | PA      | $1009004.77   | 0.08%             | 2037-03-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Pennsylvania Economic Development Financing Authority Parking System Revenue          | Pennsylvania Economic Development Financing Authority Parking System, Series 2024 A           | CUSIP: 70870EEQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512544.50    | 0.04%             | 2040-01-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| North Texas Tollway Authority                                                         | North Texas Tollway Authority                                                                 | CUSIP: 66285WJ64<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251215.25    | 0.02%             | 2039-01-01      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| Sales Tax Securitization Corp.                                                        | Sales Tax Securitization Corp.                                                                | CUSIP: 79467BCY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $496413.75    | 0.04%             | 2038-01-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp.                             | Harris County Cultural Education Facilities Finance Corp., Series 2020 A                      | CUSIP: 414009TH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1096124.40   | 0.09%             | 2050-05-15      | Variable      | 5.00%                 | No            | 2                  | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                        | New Jersey Transportation Trust Fund Authority, Series 2024 AA                                | CUSIP: 64613CEV6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $2023111.90   | 0.17%             | 2041-06-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| New Jersey Economic Development Authority                                             | New Jersey Economic Development Authority                                                     | CUSIP: 64577BTK0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    880000 | PA      | $906569.49    | 0.08%             | 2036-06-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| New Jersey Economic Development Authority                                             | New Jersey Economic Development Authority                                                     | CUSIP: 64578JBH8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    500000 | PA      | $509644.70    | 0.04%             | 2033-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Pennsylvania Turnpike Commission                                                      | Pennsylvania Turnpike Commission                                                              | CUSIP: 709224ZD4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010715.20   | 0.08%             | 2047-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of Carmel IN Waterworks Revenue                                                  | City of Carmel, Series 2024 C                                                                 | CUSIP: 143321LP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $337838.57    | 0.03%             | 2047-05-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Tarrant County College District                                                       | Tarrant County College District, Series 2020                                                  | CUSIP: 87638KCF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $820293.40    | 0.07%             | 2036-08-15      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri                            | CUSIP: 60637AMK5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    350000 | PA      | $310113.02    | 0.03%             | 2049-11-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| California Community Choice Financing Authority                                       | California Community Choice Financing Authority                                               | CUSIP: 13013JCB0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2257481.85   | 0.19%             | 2053-07-01      | Variable      | 5.00%                 | No            | 2                  | On Loan: No      |
| Sacramento Area Flood Control Agency                                                  | Sacramento Area Flood Control Agency                                                          | CUSIP: 785840JP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $754891.65    | 0.06%             | 2041-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Lower Colorado River Authority                                                        | Lower Colorado River Authority, Series 2025 B                                                 | CUSIP: 54811GS35<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1098890.20   | 0.09%             | 2045-05-15      | Variable      | 5.00%                 | No            | 2                  | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                                  | Triborough Bridge & Tunnel Authority, Series 2023 C                                           | CUSIP: 89602HGK7<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056958.60   | 0.09%             | 2043-11-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Central Valley Energy Authority                                                       | Central Valley Energy Authority, Series 2025                                                  | CUSIP: 15569DAA0<br>LEI: 254900G5IPQ9MA3FRJ55 | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2328521.66   | 0.19%             | 2055-12-01      | Variable      | 5.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74445QCS7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |      6629 | PA      | $74.28        | 0.00%             | 2063-01-01      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc., Series 2019 A                                                  | CUSIP: 56035DBV3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013303.80   | 0.08%             | 2043-05-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Aerotropolis Regional Transportation Authority                                        | Aerotropolis Regional Transportation Authority, Series 2019                                   | CUSIP: 008051AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $885284.61    | 0.07%             | 2051-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                           | Connecticut State Health & Educational Facilities Authority                                   | CUSIP: 20775DPN6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1381118.25   | 0.12%             | 2042-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74445QCT5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |      6579 | PA      | $69.97        | 0.00%             | 2064-01-01      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Redtail Ridge Metropolitan District                                                   | Redtail Ridge Metropolitan District, Series 2025                                              | CUSIP: 75773CAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $923910.45    | 0.08%             | 2032-12-01      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74443CAF0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000024.20   | 0.08%             | 2042-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2024                                            | CUSIP: 546399SZ0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027073.90   | 0.09%             | 2064-09-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series 2016Q                                        | CUSIP: 57584XJG7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002695.30   | 0.08%             | 2047-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| State of Michigan Trunk Line Revenue                                                  | State of Michigan Trunk Line                                                                  | CUSIP: 5946953A4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $927311.60    | 0.08%             | 2046-11-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Pennsylvania Turnpike Commission                                                      | Pennsylvania Turnpike Commission                                                              | CUSIP: 709224QF9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    500000 | PA      | $503745.50    | 0.04%             | 2041-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                              | Metropolitan Pier & Exposition Authority                                                      | CUSIP: 592250CL6<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    530000 | PA      | $517336.60    | 0.04%             | 2057-06-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| BlackRock MuniVest Fund, Inc.                                                         | BlackRock MuniVest Fund, Inc.                                                                 | CUSIP: 09253R105<br>LEI: 68LQJ5NLUNQI2T9OLL41 | Long             |  | RF                | US        |     36548 | NS      | $250719.28    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Port of Seattle WA                                                                    | Port of Seattle, Series 2024B                                                                 | CUSIP: 7353892S6<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043196.40   | 0.09%             | 2049-07-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Las Vegas Valley Water District                                                       | Las Vegas Valley Water District                                                               | CUSIP: 517845AW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2009420.80   | 0.17%             | 2041-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Fort Bend County Municipal Utility District No. 57                                    | Fort Bend County Municipal Utility District No. 57, Series 2021                               | CUSIP: 34683ANP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $513844.38    | 0.04%             | 2038-04-01      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| New Hampshire Business Finance Authority                                              | New Hampshire Business Finance Authority, Series 2024 A                                       | CUSIP: 63610HAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $682162.59    | 0.06%             | 2034-04-01      | Fixed         | 6.89%                 | Yes           | 2                  | On Loan: No      |
| Florida Development Finance Corp.                                                     | Florida Development Finance Corp., Series 2025B                                               | CUSIP: 340618EB9<br>LEI: 549300HC854CNBLMWC48 | Long             | STIV             | MUN               | US        |   2040000 | PA      | $1738027.37   | 0.15%             | 2057-07-01      | Variable      | 10.00%                | Yes           | 2                  | On Loan: No      |
| Illinois State Toll Highway Authority                                                 | Illinois State Toll Highway Authority                                                         | CUSIP: 452252PX1<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1537893.15   | 0.13%             | 2046-01-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Alabama Special Care Facilities Financing Authority-Birmingham AL                     | Alabama Special Care Facilities Financing Authority-Birmingham                                | CUSIP: 010399CR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1719270.35   | 0.14%             | 2046-11-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority                                                                    | CUSIP: 45204FJR7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1111648.88   | 0.09%             | 2048-08-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Central Florida Tourism Oversight District                                            | Central Florida Tourism Oversight District                                                    | CUSIP: 758449QV7<br>LEI: 549300DLSKH6SZ96KV94 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1518729.30   | 0.13%             | 2035-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Michigan State Housing Development Authority                                          | Michigan State Housing Development Authority, Series 2024A                                    | CUSIP: 594654VS1<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501637.70    | 0.04%             | 2026-12-01      | Fixed         | 3.20%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74444UAV4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $519343.75    | 0.04%             | 2047-07-01      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| Arizona Industrial Development Authority                                              | Arizona Industrial Development Authority                                                      | CUSIP: 04052BEA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $408389.44    | 0.03%             | 2027-03-01      | Fixed         | 4.00%                 | Yes           | 2                  | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue               | New York City Transitional Finance Authority Future Tax Secured                               | CUSIP: 64971XNK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972005.20    | 0.08%             | 2041-11-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| City of Lakeland FL Department of Electric Utilities                                  | City of Lakeland                                                                              | CUSIP: 51166FFX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $536767.60    | 0.04%             | 2048-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Westminster Public Schools                                                            | Westminster Public Schools                                                                    | CUSIP: 960667AZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012234.60   | 0.08%             | 2048-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp.                              | Texas Private Activity Bond Surface Transportation Corp.                                      | CUSIP: 882667AW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $490267.60    | 0.04%             | 2037-12-31      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Macon-Bibb County Urban Development Authority                                         | Macon-Bibb County Urban Development Authority                                                 | CUSIP: 555542NB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $171842.70    | 0.01%             | 2027-06-15      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| San Antonio Independent School District/TX                                            | San Antonio Independent School District, Series 2018                                          | CUSIP: 796269N20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1365470.38   | 0.11%             | 2048-08-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Port of Seattle WA                                                                    | Port of Seattle, Series 2024B                                                                 | CUSIP: 735371SG2<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    330000 | PA      | $339906.04    | 0.03%             | 2048-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| DuBois Hospital Authority                                                             | DuBois Hospital Authority, Series 2018                                                        | CUSIP: 263804DF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $918960.90    | 0.08%             | 2043-07-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2020                                                       | CUSIP: 45203PAB0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | STIV             | MUN               | US        |   1000000 | PA      | $992105.60    | 0.08%             | 2050-12-01      | Variable      | 4.12%                 | Yes           | 2                  | On Loan: No      |
| Philadelphia Authority for Industrial Development                                     | Philadelphia Authority for Industrial Development, Series 2024A                               | CUSIP: 717901CB6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    500000 | PA      | $538412.55    | 0.05%             | 2053-07-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Jefferson Sales Tax District                                                          | Jefferson Sales Tax District                                                                  | CUSIP: 474176KL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1541286.30   | 0.13%             | 2037-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Suffolk County Water Authority                                                        | Suffolk County Water Authority                                                                | CUSIP: 864784GM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $301810.05    | 0.03%             | 2045-06-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Eaton Vance Municipal Bond Fund                                                       | Eaton Vance Municipal Bond Fund                                                               | CUSIP: 27827X101<br>LEI: 5493006Q4EBOXVQBQD12 | Long             |  | RF                | US        |       288 | NS      | $2862.72      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                              | New Jersey Higher Education Student Assistance Authority                                      | CUSIP: 646080TB7<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    855000 | PA      | $773399.57    | 0.06%             | 2047-12-01      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Chicago O'Hare International Airport                                                  | Chicago O'Hare International Airport                                                          | CUSIP: 167593JV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40015.38     | 0.00%             | 2032-01-01      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| Colorado Health Facilities Authority                                                  | Colorado Health Facilities Authority                                                          | CUSIP: 19648AQ99<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    500000 | PA      | $315960.40    | 0.03%             | 2043-08-01      | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| Savannah Georgia Convention Center Authority                                          | Savannah Georgia Convention Center Authority, Series 2025B                                    | CUSIP: 804828AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001813.30   | 0.08%             | 2061-06-01      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Columbus County Industrial Facilities & Pollution Control Financing Authority         | Columbus County Industrial Facilities & Pollution Control Financing Authority, Series 2020A   | CUSIP: 199048AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $769056.68    | 0.06%             | 2034-05-01      | Fixed         | 4.20%                 | No            | 2                  | On Loan: No      |
| Florida State Board of Governors University of North Florida Dormitory Revenue        | Florida State Board of Governors University of North Florida Dormitory, Series 2023A          | CUSIP: 34157XBE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1534683.30   | 0.13%             | 2053-11-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Nuveen Municipal Credit Income Fund                                                   | Nuveen Municipal Credit Income Fund                                                           | CUSIP: 67070X101<br>LEI: 54930078DL3R0VSYW338 | Long             |  | RF                | US        |     27921 | NS      | $350687.76    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                                   | U.S. Treasury Long Bond                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -3 | NC      | $3237.31      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Commonwealth of Puerto Rico                                                           | Commonwealth of Puerto Rico                                                                   | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | STIV             | MUN               | PR        |    229812 | PA      | $152250.28    | 0.01%             | 2043-11-01      | Variable      | 0.00%                 | No            | 2                  | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority                                                         | CUSIP: 54639TCG5<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1410203.62   | 0.12%             | 2042-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                                     | Chicago Transit Authority Sales Tax Receipts Fund                                             | CUSIP: 16772PCD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1509237.30   | 0.13%             | 2055-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                                   | Louisville, Series 2023 A                                                                     | CUSIP: 54659LDA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1561373.70   | 0.13%             | 2042-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| North Range Metropolitan District No. 1                                               | North Range Metropolitan District No. 1                                                       | CUSIP: 661765AU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $771064.60    | 0.06%             | 2038-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| County of Palm Beach FL                                                               | County of Palm Beach                                                                          | CUSIP: 696547GJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $175018.08    | 0.01%             | 2039-04-01      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Capital Trust Agency, Inc.                                                            | Capital Trust Agency, Inc.                                                                    | CUSIP: 14052WBB2<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    350000 | PA      | $350521.01    | 0.03%             | 2029-07-01      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| County of Lee FL Airport Revenue                                                      | County of Lee, Series 2024                                                                    | CUSIP: 523470HX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023542.70   | 0.09%             | 2054-10-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Lexington County Health Services District, Inc.                                       | Lexington County Health Services District, Inc.                                               | CUSIP: 529050DZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2006503.60   | 0.17%             | 2041-11-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of Pflugerville TX                                                               | City of Pflugerville                                                                          | CUSIP: 7170877W4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $915276.40    | 0.08%             | 2049-08-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| BNY Mellon Strategic Municipals, Inc.                                                 | BNY Mellon Strategic Municipals, Inc.                                                         | CUSIP: 05588W108<br>LEI: 549300FH0LKMOBY7N332 | Long             |  | RF                | US        |     34014 | NS      | $212587.50    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| North Harris County Regional Water Authority                                          | North Harris County Regional Water Authority, Series 2016                                     | CUSIP: 65956NGZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $397565.28    | 0.03%             | 2036-12-15      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                       | Foothill-Eastern Transportation Corridor Agency                                               | CUSIP: 345105HZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1481680.80   | 0.12%             | 2035-01-15      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Florida Development Finance Corp.                                                     | Florida Development Finance Corp., Series 2024                                                | CUSIP: 340618DK0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    970000 | PA      | $605037.50    | 0.05%             | 2032-07-15      | Variable      | 12.00%                | Yes           | 2                  | On Loan: No      |
| Luzerne County Industrial Development Authority                                       | Luzerne County Industrial Development Authority, Series 2017                                  | CUSIP: 55072RBG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501616.45    | 0.04%             | 2027-12-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                       | Pennsylvania Higher Education Assistance Agency, Series 2025-1A                               | CUSIP: 70878CBS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $626138.06    | 0.05%             | 2046-06-01      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| County of Pasco FL                                                                    | County of Pasco                                                                               | CUSIP: 70252AAU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $401866.31    | 0.03%             | 2043-09-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Jefferson County Public Hospital District No. 2                                       | Jefferson County Public Hospital District No. 2, Series 2023A                                 | CUSIP: 473644AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $255969.25    | 0.02%             | 2043-12-01      | Fixed         | 6.62%                 | No            | 2                  | On Loan: No      |
| Chicago O'Hare International Airport                                                  | Chicago O'Hare International Airport, Series 2024 A                                           | CUSIP: 1675934T6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $775232.73    | 0.06%             | 2059-01-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Utility Debt Securitization Authority                                                 | Utility Debt Securitization Authority, Series 2023 TE-1                                       | CUSIP: 91802RGY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $549219.75    | 0.05%             | 2041-12-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| BlackRock MuniYield Quality Fund II, Inc.                                             | BlackRock MuniYield Quality Fund II, Inc.                                                     | CUSIP: 09254G108<br>LEI: PRQP520S3DVB025IWS24 | Long             |  | RF                | US        |     10448 | NS      | $104793.44    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Mesa Del Sol Public Improvement District No. 1                                        | Mesa Del Sol Public Improvement District No. 1                                                | CUSIP: 59065CAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700136.64    | 0.06%             | 2033-10-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                | Clifton Higher Education Finance Corp.                                                        | CUSIP: 187145BR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $88718.32     | 0.01%             | 2047-12-01      | Fixed         | 4.40%                 | No            | 2                  | On Loan: No      |
| Wyoming Community Development Authority                                               | Wyoming Community Development Authority, Series 2021 3                                        | CUSIP: 98322QYW1<br>LEI: 549300UQ62NB8FGTHW65 | Long             | DBT              | MUN               | US        |    840000 | PA      | $833435.57    | 0.07%             | 2050-06-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| California Municipal Finance Authority                                                | California Municipal Finance Authority                                                        | CUSIP: 13048VCB2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $895308.20    | 0.07%             | 2047-12-31      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Nuveen California Quality Municipal Income Fund                                       | Nuveen California Quality Municipal Income Fund                                               | CUSIP: 67066Y105<br>LEI: 549300ZT6V9X5U9BHR46 | Long             |  | RF                | US        |     13621 | NS      | $156641.50    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Renaissance Public School Academy                                                     | Renaissance Public School Academy                                                             | CUSIP: 75972RAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250140.30    | 0.02%             | 2037-05-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Lee County Industrial Development Authority/FL                                        | Lee County Industrial Development Authority                                                   | CUSIP: 52349EDV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509658.60    | 0.04%             | 2039-11-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| West Memphis School District No. 4                                                    | West Memphis School District No. 4                                                            | CUSIP: 954358HP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1055588.03   | 0.09%             | 2039-02-01      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2024                                        | CUSIP: 650116HQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009746.40   | 0.08%             | 2060-06-30      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Metropolitan Transportation Authority                                                 | Metropolitan Transportation Authority, Series 2024A                                           | CUSIP: 59261A2J5<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2093213.80   | 0.17%             | 2049-11-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Chicago O'Hare International Airport                                                  | Chicago O'Hare International Airport, Series 2018 B                                           | CUSIP: 167593M41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $925303.50    | 0.08%             | 2044-01-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                                  | Colorado Educational & Cultural Facilities Authority                                          | CUSIP: 19645RZQ7<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    500000 | PA      | $465628.70    | 0.04%             | 2039-10-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Indiana Finance Authority                                                             | Indiana Finance Authority                                                                     | CUSIP: 45470CAF6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $978828.30    | 0.08%             | 2030-11-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Maryland State Transportation Authority Passenger Facility Charge Revenue             | Maryland State Transportation Authority Passenger Facility Charge, Series 2019                | CUSIP: 57429NDC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970264.80    | 0.08%             | 2039-06-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| County of Hamilton OH                                                                 | County of Hamilton                                                                            | CUSIP: 407272Y23<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1986418.60   | 0.17%             | 2045-09-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Town of Cave Creek AZ Cahava Springs Revitalization District                          | Town of Cave Creek, Series 2017 A                                                             | CUSIP: 12773CAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    213315 | PA      | $149320.75    | 0.01%             | 2041-07-01      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| State of Colorado                                                                     | State of Colorado                                                                             | CUSIP: 196711UZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1708066.05   | 0.14%             | 2041-12-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| North Carolina Housing Finance Agency                                                 | North Carolina Housing Finance Agency, Series 39-B                                            | CUSIP: 658207VA0<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    720000 | PA      | $710386.13    | 0.06%             | 2038-07-01      | Fixed         | 3.85%                 | No            | 2                  | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act                           | New Hampshire Health and Education Facilities Authority Act, Series 2019 A                    | CUSIP: 64461XFU4<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $918961.90    | 0.08%             | 2043-08-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Oklahoma Housing Finance Agency                                                       | Oklahoma Housing Finance Agency, Series 2025A                                                 | CUSIP: 67886MW88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $1127360.87   | 0.09%             | 2056-09-01      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2017                                                       | CUSIP: 45203PAD6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | STIV             | MUN               | US        |    845000 | PA      | $867973.94    | 0.07%             | 2043-12-01      | Variable      | 4.80%                 | Yes           | 2                  | On Loan: No      |
| Pennsylvania Turnpike Commission                                                      | Pennsylvania Turnpike Commission                                                              | CUSIP: 709225HC3<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076152.10   | 0.09%             | 2040-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Grand Bay at Doral Community Development District                                     | Grand Bay at Doral Community Development District                                             | CUSIP: 38522UAQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500135.60    | 0.04%             | 2039-05-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| South Carolina Ports Authority                                                        | South Carolina Ports Authority                                                                | CUSIP: 837123HK7<br>LEI: 5493001YXW15H9J1M026 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2052831.00   | 0.17%             | 2038-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of Houston TX                                                                    | City of Houston                                                                               | CUSIP: 442331U93<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009872.20   | 0.08%             | 2033-03-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Texas City Industrial Development Corp.                                               | Texas City Industrial Development Corp.                                                       | CUSIP: 882275AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1408855.52   | 0.12%             | 2045-12-01      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| District of Columbia Income Tax Revenue                                               | District of Columbia Income Tax, Series 2023 A                                                | CUSIP: 25477GWB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058001.00   | 0.09%             | 2048-05-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Oklahoma City Airport Trust                                                           | Oklahoma City Airport Trust                                                                   | CUSIP: 6785354C6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005903.70   | 0.08%             | 2043-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority                                                                    | CUSIP: 45203KAP0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1981722.33   | 0.17%             | 2047-02-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Sterling Hills West Metropolitan District                                             | Sterling Hills West Metropolitan District                                                     | CUSIP: 85933MBQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $127449.16    | 0.01%             | 2039-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                                     | Chicago Transit Authority Sales Tax Receipts Fund, Series 2024A                               | CUSIP: 16772PEP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $919284.12    | 0.08%             | 2049-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Iowa Tobacco Settlement Authority                                                     | Iowa Tobacco Settlement Authority                                                             | CUSIP: 888805CJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4485000 | PA      | $662485.63    | 0.06%             | 2065-06-01      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Port of Beaumont Navigation District                                                  | Port of Beaumont Navigation District, Series 2024A                                            | CUSIP: 73360CAP9<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |    250000 | PA      | $247171.33    | 0.02%             | 2039-01-01      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Savannah Georgia Convention Center Authority                                          | Savannah Georgia Convention Center Authority, Series 2025C                                    | CUSIP: 804828AY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008842.60   | 0.08%             | 2058-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of Hackberry TX                                                                  | City of Hackberry                                                                             | CUSIP: 404518AY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $240101.93    | 0.02%             | 2038-09-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| New York City Municipal Water Finance Authority                                       | New York City Municipal Water Finance Authority                                               | CUSIP: 64972GB60<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048235.80   | 0.09%             | 2052-06-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue                   | Metropolitan Washington Airports Authority Dulles Toll Road Revenue                           | CUSIP: 592643DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2130000 | PA      | $1858850.36   | 0.16%             | 2049-10-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Great Lakes Water Authority Water Supply System Revenue                               | Great Lakes Water Authority Water Supply System, Series 2025 D                                | CUSIP: 39081JKN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $784300.25    | 0.07%             | 2050-07-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Invesco Municipal Opportunity Trust                                                   | Invesco Municipal Opportunity Trust                                                           | CUSIP: 46132C107<br>LEI: WERC5RXCUSU16MOTZ848 | Long             |  | RF                | US        |     26598 | NS      | $257202.66    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2025                                            | CUSIP: 54639TDS8<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    500000 | PA      | $520214.15    | 0.04%             | 2050-07-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Arizona Industrial Development Authority                                              | Arizona Industrial Development Authority                                                      | CUSIP: 04052BQU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $536200.98    | 0.04%             | 2041-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| California Community Choice Financing Authority                                       | California Community Choice Financing Authority, Series 2024C                                 | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    875000 | PA      | $943844.13    | 0.08%             | 2055-08-01      | Variable      | 5.00%                 | No            | 2                  | On Loan: No      |
| Monongalia County Commission Excise Tax District                                      | Monongalia County Commission Excise Tax District                                              | CUSIP: 61022CAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012256.20   | 0.08%             | 2037-06-01      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                        | New Jersey Transportation Trust Fund Authority                                                | CUSIP: 6461367G0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    500000 | PA      | $524965.30    | 0.04%             | 2040-06-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago                            | Metropolitan Water Reclamation District of Greater Chicago                                    | CUSIP: 167560UM1<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |   1905000 | PA      | $1913866.06   | 0.16%             | 2041-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| South Carolina Public Service Authority                                               | South Carolina Public Service Authority                                                       | CUSIP: 837151K32<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    730000 | PA      | $730048.84    | 0.06%             | 2055-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Massachusetts Housing Finance Agency                                                  | Massachusetts Housing Finance Agency, Series 2019 B-1                                         | CUSIP: 57587AY77<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    500000 | PA      | $403124.50    | 0.03%             | 2044-12-01      | Fixed         | 3.10%                 | No            | 2                  | On Loan: No      |
| County of Broward FL Port Facilities Revenue                                          | County of Broward, Series 2022                                                                | CUSIP: 11506KHB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2074104.20   | 0.17%             | 2052-09-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| City of Baltimore MD                                                                  | City of Baltimore, Series 2019 A                                                              | CUSIP: 05922KE62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014643.10   | 0.08%             | 2049-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                              | Cleveland-Cuyahoga County Port Authority                                                      | CUSIP: 18610TAD2<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    710000 | PA      | $714979.73    | 0.06%             | 2037-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Kansas City Industrial Development Authority                                          | Kansas City Industrial Development Authority                                                  | CUSIP: 48504NBB4<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1041681.94   | 0.09%             | 2039-03-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                  | New Hope Cultural Education Facilities Finance Corp.                                          | CUSIP: 64542RDJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2505000 | PA      | $2325913.29   | 0.19%             | 2047-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of Austin TX Airport System Revenue                                              | City of Austin                                                                                | CUSIP: 052398FR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010926.40   | 0.08%             | 2035-11-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Riverside County Transportation Commission                                            | Riverside County Transportation Commission, Series 2021 B-1                                   | CUSIP: 76912DBA5<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $724411.20    | 0.06%             | 2049-06-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| School District of Philadelphia (The)                                                 | School District of Philadelphia (The)                                                         | CUSIP: 717883XT4<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |    995000 | PA      | $1000475.29   | 0.08%             | 2038-09-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Port New Orleans Board of Commissioners                                               | Port New Orleans Board of Commissioners                                                       | CUSIP: 734782CY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1271796.88   | 0.11%             | 2038-04-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Washington Health Care Facilities Authority                                           | Washington Health Care Facilities Authority                                                   | CUSIP: 93978HSL0<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    500000 | PA      | $511457.40    | 0.04%             | 2032-08-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority, Series 2022 MI - A                                                | CUSIP: 59447T2W2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    950000 | PA      | $851829.47    | 0.07%             | 2047-12-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series 2021 A                                             | CUSIP: 65000BDK1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $423285.35    | 0.04%             | 2041-07-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| State of Connecticut Special Tax Revenue                                              | State of Connecticut Special Tax                                                              | CUSIP: 207758H55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1507678.50   | 0.13%             | 2039-11-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Poway Unified School District Public Financing Authority                              | Poway Unified School District Public Financing Authority                                      | CUSIP: 73885QDN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000566.00   | 0.08%             | 2041-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Louisiana Public Facilities Authority                                                 | Louisiana Public Facilities Authority, Series 2023 A                                          | CUSIP: 546399RQ1<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1479875.55   | 0.12%             | 2053-10-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Independent Cities Finance Authority                                                  | Independent Cities Finance Authority                                                          | CUSIP: 45385LHE6<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000603.60   | 0.08%             | 2036-09-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Alameda Corridor Transportation Authority                                             | Alameda Corridor Transportation Authority, Series 2022 C                                      | CUSIP: 010869JU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1146650.00   | 0.10%             | 2052-10-01      | Variable      | 0.00%                 | No            | 2                  | On Loan: No      |
| North Dakota Housing Finance Agency                                                   | North Dakota Housing Finance Agency, Series 2022 A                                            | CUSIP: 658909L46<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    585000 | PA      | $566670.96    | 0.05%             | 2033-01-01      | Fixed         | 3.30%                 | No            | 2                  | On Loan: No      |
| Massachusetts Housing Finance Agency                                                  | Massachusetts Housing Finance Agency, Series 2013B                                            | CUSIP: 57586P7M2<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $973447.00    | 0.08%             | 2056-06-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Utah Charter School Finance Authority                                                 | Utah Charter School Finance Authority                                                         | CUSIP: 91754TUX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $454756.70    | 0.04%             | 2048-06-15      | Fixed         | 5.38%                 | Yes           | 2                  | On Loan: No      |
| Northside Independent School District                                                 | Northside Independent School District, Series 2020                                            | CUSIP: 66702RR79<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1014427.20   | 0.08%             | 2050-06-01      | Variable      | 3.55%                 | No            | 2                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority                                                                    | CUSIP: 45204FLY9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968530.90    | 0.08%             | 2039-07-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                                  | Colorado Educational & Cultural Facilities Authority                                          | CUSIP: 19645RB75<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501233.60    | 0.04%             | 2028-12-15      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act                           | New Hampshire Health and Education Facilities Authority Act                                   | CUSIP: 64461XHQ1<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060777.60   | 0.09%             | 2048-07-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| County of Miami OH                                                                    | County of Miami, Series 2019                                                                  | CUSIP: 593328FQ5<br>LEI: 549300YAYSF4ZQH3JU54 | Long             | DBT              | MUN               | US        |   1880000 | PA      | $1887522.44   | 0.16%             | 2049-08-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Virginia Small Business Financing Authority                                           | Virginia Small Business Financing Authority, Series 2022                                      | CUSIP: 928104QJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500920.55    | 0.04%             | 2047-12-31      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Texas Water Development Board                                                         | Texas Water Development Board                                                                 | CUSIP: 8828543K6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2025600.80   | 0.17%             | 2038-08-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Education                                                            | Chicago Board of Education                                                                    | CUSIP: 167505XR2<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974552.50    | 0.08%             | 2040-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2025                                                         | CUSIP: 74448UAB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2057931.80   | 0.17%             | 2060-06-30      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority                                                                    | CUSIP: 45201QCX0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000419.80   | 0.17%             | 2036-11-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                                | Maine Health & Higher Educational Facilities Authority, Series 2016A                          | CUSIP: 56042RFH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $945503.70    | 0.08%             | 2041-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                                 | City of San Antonio, Series 2024D                                                             | CUSIP: 79625GLU5<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055565.10   | 0.09%             | 2054-02-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Authority | Louisiana Local Government Environmental Facilities & Community Development Authority         | CUSIP: 54628CAT9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1213606.11   | 0.10%             | 2041-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                     | City & County of Denver                                                                       | CUSIP: 249182TK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1093115.90   | 0.09%             | 2041-11-15      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Northside Independent School District                                                 | Northside Independent School District, Series 2018                                            | CUSIP: 66702RTU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $983294.60    | 0.08%             | 2037-08-15      | Fixed         | 3.45%                 | No            | 2                  | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                           | Metropolitan Washington Airports Authority Aviation                                           | CUSIP: 592647KM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507322.75    | 0.04%             | 2046-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                                | Downtown Revitalization Public Infrastructure District, Series 2025 A                         | CUSIP: 26118TAW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2147811.20   | 0.18%             | 2050-06-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue               | New York City Transitional Finance Authority Future Tax Secured                               | CUSIP: 64971XUG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $944102.20    | 0.08%             | 2044-05-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Colorado Housing and Finance Authority                                                | Colorado Housing and Finance Authority, Series 2022 CL-1 B                                    | CUSIP: 196480ZE0<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    755000 | PA      | $750119.76    | 0.06%             | 2052-05-01      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2017A                                                      | CUSIP: 45204EA32<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1129235.88   | 0.09%             | 2047-07-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| City of Tampa FL                                                                      | City of Tampa, Series 2020 B                                                                  | CUSIP: 875161DD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003202.30   | 0.08%             | 2050-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Lake Ashton Community Development District                                            | Lake Ashton Community Development District                                                    | CUSIP: 507507AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $360140.72    | 0.03%             | 2037-05-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| BlackRock Municipal Income Trust II                                                   | BlackRock Municipal Income Trust II                                                           | CUSIP: 09249N101<br>LEI: 17UVWS2OK706BUPLKK60 | Long             |  | RF                | US        |      4400 | NS      | $45980.00     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Austin Convention Enterprises, Inc.                                                   | Austin Convention Enterprises, Inc.                                                           | CUSIP: 052409DR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $321878.21    | 0.03%             | 2034-01-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Empire State Development Corp.                                                        | Empire State Development Corp., Series 2021 A                                                 | CUSIP: 64985TCK5<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007483.00   | 0.08%             | 2038-03-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Utah Charter School Finance Authority                                                 | Utah Charter School Finance Authority                                                         | CUSIP: 91754TVG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $399713.12    | 0.03%             | 2027-07-15      | Fixed         | 4.50%                 | Yes           | 2                  | On Loan: No      |
| County of Warren MS                                                                   | County of Warren, Series 2018                                                                 | CUSIP: 935031AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $272353.75    | 0.02%             | 2032-09-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Education                                                            | Chicago Board of Education                                                                    | CUSIP: 167505QR0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    500000 | PA      | $497228.15    | 0.04%             | 2039-12-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Port of Seattle WA                                                                    | Port of Seattle, Series 2024B                                                                 | CUSIP: 7353892N7<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    750000 | PA      | $810036.68    | 0.07%             | 2041-07-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                             | Golden State Tobacco Securitization Corp.                                                     | CUSIP: 38122ND90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $493557.60    | 0.04%             | 2051-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2016C                                                        | CUSIP: 74443QAD4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002595.40   | 0.17%             | 2030-11-01      | Fixed         | 4.30%                 | No            | 2                  | On Loan: No      |
| New Hampshire Business Finance Authority                                              | New Hampshire Business Finance Authority                                                      | CUSIP: 63607WAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1842568 | PA      | $1789986.42   | 0.15%             | 2041-07-20      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Savannah Georgia Convention Center Authority                                          | Savannah Georgia Convention Center Authority, Series 2025A                                    | CUSIP: 804828AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249050.10    | 0.02%             | 2061-06-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                 | Pennsylvania Economic Development Financing Authority                                         | CUSIP: 70870JCJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $912535.20    | 0.08%             | 2045-04-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| E-470 Public Highway Authority                                                        | E-470 Public Highway Authority                                                                | CUSIP: 26822LGT5<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $554823.10    | 0.05%             | 2037-09-01      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Duluth Economic Development Authority                                                 | Duluth Economic Development Authority, Series 2018 A                                          | CUSIP: 26444CHF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005393.40   | 0.08%             | 2058-02-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Atlanta Development Authority (The)                                                   | Atlanta Development Authority (The), Series 2024A-2                                           | CUSIP: 04780NMX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $254006.15    | 0.02%             | 2039-04-01      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| City of Dallas TX Waterworks & Sewer System Revenue                                   | City of Dallas                                                                                | CUSIP: 23542JZT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1316583.38   | 0.11%             | 2043-10-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Canyons Metropolitan District No. 5                                                   | Canyons Metropolitan District No. 5, Series 2024A                                             | CUSIP: 139071AY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1546868.70   | 0.13%             | 2059-12-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                                  | County of Miami-Dade, Series 2021                                                             | CUSIP: 59334DMQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $929621.10    | 0.08%             | 2046-10-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Black Belt Energy Gas District                                                        | Black Belt Energy Gas District                                                                | CUSIP: 09182TAF4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012128.30   | 0.08%             | 2052-10-01      | Variable      | 4.00%                 | No            | 2                  | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc.                                                                 | CUSIP: 56035DBP6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1540359.79   | 0.13%             | 2034-05-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                  | New Hope Cultural Education Facilities Finance Corp.                                          | CUSIP: 64542RAY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1499970.75   | 0.13%             | 2046-04-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority                                                                    | CUSIP: 45204FTV7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1657771.52   | 0.14%             | 2044-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Miami Beach Health Facilities Authority                                               | Miami Beach Health Facilities Authority                                                       | CUSIP: 593211EW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000498.60   | 0.08%             | 2039-11-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                        | New Jersey Transportation Trust Fund Authority                                                | CUSIP: 64613CCK2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3800000 | PA      | $4393896.30   | 0.37%             | 2048-06-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport          | San Francisco City & County Airport Comm-San Francisco International Airport                  | CUSIP: 79766DLZ0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025635.10   | 0.09%             | 2039-05-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corp. I                                    | Texas Municipal Gas Acquisition and Supply Corp. I                                            | CUSIP: 88256CEX3<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |    575000 | PA      | $587200.12    | 0.05%             | 2026-12-15      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                 | Pennsylvania Economic Development Financing Authority, Series 2020 A2                         | CUSIP: 708686EM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $30.01        | 0.00%             | 2040-12-01      | Fixed         | 10.00%                | Yes           | 2                  | On Loan: No      |
| Illinois Sports Facilities Authority (The)                                            | Illinois Sports Facilities Authority (The)                                                    | CUSIP: 452143FE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3005821.50   | 0.25%             | 2032-06-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                                  | Colorado Educational & Cultural Facilities Authority                                          | CUSIP: 19645UCB8<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048013.70   | 0.09%             | 2035-03-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| New Hampshire Business Finance Authority                                              | New Hampshire Business Finance Authority                                                      | CUSIP: 63607WBD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995700 | PA      | $959995.01    | 0.08%             | 2041-01-20      | Variable      | 4.17%                 | No            | 2                  | On Loan: No      |
| City of South Miami Health Facilities Authority, Inc.                                 | City of South Miami Health Facilities Authority, Inc., Series 2025B                           | CUSIP: 838810EM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1099593.10   | 0.09%             | 2065-08-15      | Variable      | 5.00%                 | No            | 2                  | On Loan: No      |
| City of New York NY                                                                   | City of New York, Series FISCAL 2024 C                                                        | CUSIP: 64966SBA3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4634303.52   | 0.39%             | 2053-03-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| New York City Municipal Water Finance Authority                                       | New York City Municipal Water Finance Authority, Series FISCAL 2024 SUB BB1                   | CUSIP: 64972GG32<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1618216.34   | 0.14%             | 2054-06-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| County of Carroll KY                                                                  | County of Carroll, Series 2006 B                                                              | CUSIP: 14483RAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $826600.70    | 0.07%             | 2034-10-01      | Fixed         | 2.12%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2024A                                                        | CUSIP: 74442ELX6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $475138.15    | 0.04%             | 2064-06-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                                 | City of San Antonio, Series 2024 A                                                            | CUSIP: 79625GJR5<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057199.10   | 0.09%             | 2049-02-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Black Belt Energy Gas District                                                        | Black Belt Energy Gas District                                                                | CUSIP: 09182TBD8<br>LEI: 549300I8V0Z68JQCB679 | Long             | STIV             | MUN               | US        |    500000 | PA      | $490058.00    | 0.04%             | 2053-04-01      | Floating      | 3.54%                 | No            | 2                  | On Loan: No      |
| Philadelphia Authority for Industrial Development                                     | Philadelphia Authority for Industrial Development                                             | CUSIP: 71780TAX1<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    850000 | PA      | $833899.22    | 0.07%             | 2037-11-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Indiana Finance Authority                                                             | Indiana Finance Authority                                                                     | CUSIP: 45470YEM9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3036016.20   | 0.25%             | 2033-11-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| North Texas Tollway Authority                                                         | North Texas Tollway Authority                                                                 | CUSIP: 66285WYA8<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $902439.40    | 0.08%             | 2049-01-01      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Verandah West Community Development District                                          | Verandah West Community Development District                                                  | CUSIP: 922947AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $405309.26    | 0.03%             | 2033-05-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| California Statewide Communities Development Authority                                | California Statewide Communities Development Authority, Series 2025 A                         | CUSIP: 13080S2U7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073512.60   | 0.09%             | 2028-10-01      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Port Authority of New York & New Jersey                                               | Port Authority of New York & New Jersey, Series 242                                           | CUSIP: 73358XKN1<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3077808.00   | 0.26%             | 2048-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Hurst-Euless-Bedford Independent School District                                      | Hurst-Euless-Bedford Independent School District, Series 2024                                 | CUSIP: 447819KL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $968077.07    | 0.08%             | 2050-08-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Southwestern Illinois Development Authority                                           | Southwestern Illinois Development Authority, Series 2025 B                                    | CUSIP: 84552YTM3<br>LEI: 549300B1KLLJ8NU5XK71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059633.60   | 0.09%             | 2050-04-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Mobile County Industrial Development Authority                                        | Mobile County Industrial Development Authority, Series 2024 A                                 | CUSIP: 60733UAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1444632.60   | 0.12%             | 2054-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of Los Angeles Department of Airports                                            | City of Los Angeles Department of Airports                                                    | CUSIP: 544445EL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1553251.65   | 0.13%             | 2034-05-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| State of Illinois                                                                     | State of Illinois                                                                             | CUSIP: 452152T84<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $984818.30    | 0.08%             | 2037-12-01      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                                   | Louisville, Series 2022A                                                                      | CUSIP: 54660DAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2464452.25   | 0.21%             | 2052-05-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of Naperville IL                                                                 | City of Naperville, Series 2024                                                               | CUSIP: 630412D76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $754057.20    | 0.06%             | 2041-12-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Milwaukee Metropolitan Sewerage District                                              | Milwaukee Metropolitan Sewerage District                                                      | CUSIP: 602409PP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970526.50    | 0.08%             | 2043-10-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Yonkers Economic Development Corp.                                                    | Yonkers Economic Development Corp.                                                            | CUSIP: 98608MAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $268964.39    | 0.02%             | 2049-10-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Chicago O'Hare International Airport                                                  | Chicago O'Hare International Airport                                                          | CUSIP: 167590EY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515742.75    | 0.04%             | 2033-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| North Dakota Housing Finance Agency                                                   | North Dakota Housing Finance Agency, Series 2021 A                                            | CUSIP: 658909C53<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1003958.12   | 0.08%             | 2052-01-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| City of Charlotte NC Airport Revenue                                                  | City of Charlotte, Series 2023A                                                               | CUSIP: 161036VJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060694.80   | 0.09%             | 2042-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                                  | Colorado Educational & Cultural Facilities Authority                                          | CUSIP: 19645UHK3<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    500000 | PA      | $411744.25    | 0.03%             | 2041-07-01      | Fixed         | 4.00%                 | Yes           | 2                  | On Loan: No      |
| Virginia Small Business Financing Authority                                           | Virginia Small Business Financing Authority, Series 2017                                      | CUSIP: 928097AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1455303.90   | 0.12%             | 2056-12-31      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                     | City & County of Denver, Series 2022A                                                         | CUSIP: 249182QV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024119.00   | 0.09%             | 2047-11-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                          | Metropolitan Atlanta Rapid Transit Authority, Series 2017 C                                   | CUSIP: 5917453G7<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4044440.00   | 0.34%             | 2035-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Washington State Housing Finance Commission                                           | Washington State Housing Finance Commission                                                   | CUSIP: 93978UAA4<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    745487 | PA      | $717248.21    | 0.06%             | 2050-03-01      | Variable      | 4.22%                 | No            | 2                  | On Loan: No      |
| VanEck CEF Muni Income ETF                                                            | VanEck CEF Muni Income ETF                                                                    | CUSIP: 92189F460<br>LEI: 549300PUUB20HTFO1M17 | Long             |  | RF                | US        |     15917 | NS      | $348423.13    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| City of Los Angeles Department of Airports                                            | City of Los Angeles Department of Airports, Series 2022C                                      | CUSIP: 544445YH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $744399.10    | 0.06%             | 2049-05-15      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| Texas Water Development Board                                                         | Texas Water Development Board                                                                 | CUSIP: 882854B35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1504211.70   | 0.13%             | 2037-10-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| New Hampshire Business Finance Authority                                              | New Hampshire Business Finance Authority                                                      | CUSIP: 63610FBL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039987.10   | 0.09%             | 2051-06-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                 | Pennsylvania Economic Development Financing Authority, Series 2025 A                          | CUSIP: 708692CB2<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1000000 | PA      | $999702.00    | 0.08%             | 2049-06-01      | Variable      | 3.80%                 | No            | 2                  | On Loan: No      |
| Illinois State Toll Highway Authority                                                 | Illinois State Toll Highway Authority                                                         | CUSIP: 452252PN3<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054951.70   | 0.09%             | 2040-01-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Board of Water Light & Sinking Fund Commissioners of The City of Dalton (The)         | Board of Water Light & Sinking Fund Commissioners of The City of Dalton (The)                 | CUSIP: 235586DC5<br>LEI: 549300F2NIJXYBEBL710 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1083912.94   | 0.09%             | 2039-03-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| BlackRock MuniHoldings New Jersey Quality Fund, Inc.                                  | BlackRock MuniHoldings New Jersey Quality Fund, Inc.                                          | CUSIP: 09254X101<br>LEI: FDX8Y56FK6PN1WE5XX39 | Long             |  | RF                | US        |      1410 | NS      | $16341.90     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| E-470 Public Highway Authority                                                        | E-470 Public Highway Authority                                                                | CUSIP: 26822LDW1<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |    480000 | PA      | $419825.52    | 0.04%             | 2030-09-01      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Kentucky Economic Development Finance Authority                                       | Kentucky Economic Development Finance Authority                                               | CUSIP: 49126KKC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201590.66    | 0.02%             | 2037-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                     | Southeast Energy Authority A Cooperative District, Series 2024A                               | CUSIP: 84136HAU7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1582314.90   | 0.13%             | 2035-11-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Lazy Nine Municipal Utility District No. 1B                                           | Lazy Nine Municipal Utility District No. 1B, Series 2020                                      | CUSIP: 52109HLH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1039437.92   | 0.09%             | 2036-03-01      | Fixed         | 3.12%                 | No            | 2                  | On Loan: No      |
| Bay Area Toll Authority                                                               | Bay Area Toll Authority                                                                       | CUSIP: 072024ST0<br>LEI: 5493001FUZGUQMIP5D78 | Long             | STIV             | MUN               | US        |   1000000 | PA      | $994057.80    | 0.08%             | 2036-04-01      | Floating      | 4.14%                 | No            | 2                  | On Loan: No      |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue                   | Metropolitan Washington Airports Authority Dulles Toll Road Revenue                           | CUSIP: 592643BM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $638236.55    | 0.05%             | 2041-10-01      | Variable      | 6.50%                 | No            | 2                  | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                                    | City of Chicago, Series 1998A                                                                 | CUSIP: 167727HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $619921.88    | 0.05%             | 2026-01-01      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Central Texas Regional Mobility Authority                                             | Central Texas Regional Mobility Authority                                                     | CUSIP: 155498GH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2023359.60   | 0.17%             | 2043-01-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2018B                                                        | CUSIP: 74445QAC4<br>LEI: 5493004S6D3NA627K012 | Long             | STIV             | MUN               | US        |    188738 | PA      | $128434.47    | 0.01%             | 2051-07-01      | Variable      | 4.00%                 | Yes           | 2                  | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority                                                                    | CUSIP: 59447TVA8<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1832165.80   | 0.15%             | 2044-02-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. V                                      | Texas Municipal Gas Acquisition & Supply Corp. V, Series 2024                                 | CUSIP: 88256RAK2<br>LEI: 254900XZ4J30QIJO9G03 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1092953.60   | 0.09%             | 2055-01-01      | Variable      | 5.00%                 | No            | 2                  | On Loan: No      |
| Boggy Creek Improvement District                                                      | Boggy Creek Improvement District                                                              | CUSIP: 097206AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1173590.71   | 0.10%             | 2043-05-01      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74445QCV0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |      6427 | PA      | $59.10        | 0.00%             | 2066-01-01      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                                 | New Jersey Health Care Facilities Financing Authority, Series 2024A                           | CUSIP: 645790TL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $712853.70    | 0.06%             | 2054-07-01      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Michigan State Building Authority                                                     | Michigan State Building Authority                                                             | CUSIP: 594615FY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3038084.10   | 0.25%             | 2041-04-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| State of Illinois                                                                     | State of Illinois                                                                             | CUSIP: 452153AW9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507089.90    | 0.04%             | 2046-03-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74445QCJ7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |      7237 | PA      | $130.94       | 0.00%             | 2055-01-01      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Lower Colorado River Authority                                                        | Lower Colorado River Authority, Series 2025                                                   | CUSIP: 54811BR78<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    840000 | PA      | $866706.62    | 0.07%             | 2050-05-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc.                                                                 | CUSIP: 56035DDP4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1509440.85   | 0.13%             | 2052-08-01      | Variable      | 4.00%                 | Yes           | 2                  | On Loan: No      |
| Port of Corpus Christi Authority of Nueces County                                     | Port of Corpus Christi Authority of Nueces County                                             | CUSIP: 733911DF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041467.30   | 0.09%             | 2036-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Development Authority for Fulton County                                               | Development Authority for Fulton County                                                       | CUSIP: 36005GAV5<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |    500000 | PA      | $509045.50    | 0.04%             | 2037-04-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Lodi Unified School District                                                          | Lodi Unified School District                                                                  | CUSIP: 540261MW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $967811.50    | 0.08%             | 2046-08-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Hoover Industrial Development Board                                                   | Hoover Industrial Development Board                                                           | CUSIP: 439241AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1091555.24   | 0.09%             | 2049-10-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Pennsylvania Housing Finance Agency                                                   | Pennsylvania Housing Finance Agency, Series 2024-144A                                         | CUSIP: 70879QUZ4<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1980000 | PA      | $1949258.92   | 0.16%             | 2049-10-01      | Fixed         | 4.60%                 | No            | 2                  | On Loan: No      |
| Wayne County Airport Authority                                                        | Wayne County Airport Authority                                                                | CUSIP: 944514VH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1535050.05   | 0.13%             | 2037-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority                                                            | CUSIP: 649838FX2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    240000 | PA      | $249625.51    | 0.02%             | 2027-07-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| County of Prince George's MD                                                          | County of Prince George's                                                                     | CUSIP: 74172VAR9<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1300798.04   | 0.11%             | 2048-08-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Commonwealth of Puerto Rico                                                           | Commonwealth of Puerto Rico                                                                   | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     49930 | PA      | $48739.88     | 0.00%             | 2035-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Chandler Industrial Development Authority                                             | Chandler Industrial Development Authority, Series 2019                                        | CUSIP: 158862CE0<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1625000 | PA      | $1659508.83   | 0.14%             | 2049-06-01      | Variable      | 4.00%                 | No            | 2                  | On Loan: No      |
| State of Washington                                                                   | State of Washington                                                                           | CUSIP: 939720S33<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1757866.15   | 0.15%             | 2043-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Arkansas Development Finance Authority                                                | Arkansas Development Finance Authority                                                        | CUSIP: 04108WCC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $959396.80    | 0.08%             | 2049-09-01      | Fixed         | 4.50%                 | Yes           | 2                  | On Loan: No      |
| Cape Girardeau County Industrial Development Authority                                | Cape Girardeau County Industrial Development Authority                                        | CUSIP: 139404HT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $70043.30     | 0.01%             | 2046-03-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Water Valley Metropolitan District No. 02                                             | Water Valley Metropolitan District No. 02                                                     | CUSIP: 94114PAN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $575634.80    | 0.05%             | 2040-12-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| South Carolina Public Service Authority                                               | South Carolina Public Service Authority                                                       | CUSIP: 837151K40<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1015540.28   | 0.08%             | 2055-12-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Denver Health & Hospital Authority                                                    | Denver Health & Hospital Authority                                                            | CUSIP: 24918EDN7<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1472638.06   | 0.12%             | 2039-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| North Carolina Turnpike Authority                                                     | North Carolina Turnpike Authority, Series A                                                   | CUSIP: 65830RDA4<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024836.60   | 0.09%             | 2058-01-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Majorca Isles Community Development District                                          | Majorca Isles Community Development District                                                  | CUSIP: 560851AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $830246.42    | 0.07%             | 2035-05-01      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                    | Health & Educational Facilities Authority of the State of Missouri, Series 2023               | CUSIP: 60637AWL2<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1211148.76   | 0.10%             | 2052-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| California Municipal Finance Authority                                                | California Municipal Finance Authority                                                        | CUSIP: 13049AAG8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    850000 | PA      | $843784.97    | 0.07%             | 2046-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Williamson County Municipal Utility District No. 10                                   | Williamson County Municipal Utility District No. 10, Series 2014                              | CUSIP: 97000PHD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $347383.75    | 0.03%             | 2031-08-01      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| Oregon State Facilities Authority                                                     | Oregon State Facilities Authority                                                             | CUSIP: 68608JYL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $46056.36     | 0.00%             | 2046-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74442EBZ2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    285000 | PA      | $285025.85    | 0.02%             | 2027-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Louisiana Housing Corp.                                                               | Louisiana Housing Corp., Series 2021 D                                                        | CUSIP: 54627DHW4<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |    440000 | PA      | $437082.05    | 0.04%             | 2052-06-01      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74442PJV8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    345000 | PA      | $155250.00    | 0.01%             | 2048-01-01      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| Virginia Beach Development Authority                                                  | Virginia Beach Development Authority, Series 2023A                                            | CUSIP: 92774NBB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $443791.06    | 0.04%             | 2053-09-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority                                                            | CUSIP: 64990GMC3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $840729.70    | 0.07%             | 2040-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| California County Tobacco Securitization Agency                                       | California County Tobacco Securitization Agency                                               | CUSIP: 13016NEZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $81309.79     | 0.01%             | 2049-06-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue                                | Triborough Bridge & Tunnel Authority Sales Tax, Series 2024ASUB A-1                           | CUSIP: 896035DH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052817.70   | 0.09%             | 2064-05-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp.                              | Texas Private Activity Bond Surface Transportation Corp.                                      | CUSIP: 882667AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2458926.50   | 0.21%             | 2058-06-30      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of Tampa FL                                                                      | City of Tampa                                                                                 | CUSIP: 87515ECB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003404.50   | 0.08%             | 2046-11-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| West Virginia Hospital Finance Authority                                              | West Virginia Hospital Finance Authority, Series 2023B                                        | CUSIP: 956622W83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $814096.50    | 0.07%             | 2048-09-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| California Pollution Control Financing Authority                                      | California Pollution Control Financing Authority, Series B-1                                  | CUSIP: 130536QV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999816.90    | 0.08%             | 2025-11-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Capital Trust Agency, Inc.                                                            | Capital Trust Agency, Inc.                                                                    | CUSIP: 14054CAE9<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    200000 | PA      | $199931.48    | 0.02%             | 2027-06-15      | Fixed         | 4.38%                 | Yes           | 2                  | On Loan: No      |
| Chicago Board of Education Dedicated Capital Improvement Tax                          | Chicago Board of Education Dedicated Capital Improvement Tax                                  | CUSIP: 167510AT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505680.90    | 0.04%             | 2038-04-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Regents of the University of California Medical Center Pooled Revenue                 | Regents of the University of California Medical Center Pooled, Series 2020 O-2                | CUSIP: 913366KE9<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.33%             | 2045-05-15      | Variable      | 3.10%                 | No            | 2                  | On Loan: No      |
| Commonwealth Financing Authority                                                      | Commonwealth Financing Authority                                                              | CUSIP: 20282EAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1964893.60   | 0.16%             | 2039-06-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                             | Maryland Health & Higher Educational Facilities Authority                                     | CUSIP: 5742184J9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $897562.10    | 0.08%             | 2048-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Painted Prairie Public Improvement Authority                                          | Painted Prairie Public Improvement Authority                                                  | CUSIP: 69578NAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $893474.30    | 0.07%             | 2039-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Union County Hospital Authority                                                       | Union County Hospital Authority                                                               | CUSIP: 906460DQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000454.20   | 0.08%             | 2048-08-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Chesapeake Bay Bridge & Tunnel District                                               | Chesapeake Bay Bridge & Tunnel District                                                       | CUSIP: 16514PAD1<br>LEI: 549300JGWE66ZSSOYN09 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001258.70   | 0.08%             | 2046-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Miami-Dade County Housing Finance Authority                                           | Miami-Dade County Housing Finance Authority, Series 2025A                                     | CUSIP: 593344BZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $714338.77    | 0.06%             | 2046-03-01      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| Allegheny County Industrial Development Authority                                     | Allegheny County Industrial Development Authority                                             | CUSIP: 01730CAK4<br>LEI: 5493001680EYSTWFLS08 | Long             | DBT              | MUN               | US        |     90000 | PA      | $90089.96     | 0.01%             | 2038-07-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                     | City & County of Denver, Series 2022A                                                         | CUSIP: 249182QR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1087678.00   | 0.09%             | 2040-11-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| BlackRock MuniAssets Fund, Inc.                                                       | BlackRock MuniAssets Fund, Inc.                                                               | CUSIP: 09254J102<br>LEI: UJYLDIG1NIEEIV3PO802 | Long             |  | RF                | US        |       783 | NS      | $8691.30      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Philadelphia Authority for Industrial Development                                     | Philadelphia Authority for Industrial Development                                             | CUSIP: 71781XDC4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $823880.30    | 0.07%             | 2047-11-01      | Fixed         | 6.60%                 | No            | 2                  | On Loan: No      |
| Macon County School District No. 61 Decatur                                           | Macon County School District No. 61 Decatur                                                   | CUSIP: 555597HR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001030.80   | 0.08%             | 2040-01-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2010                                                       | CUSIP: 45203PAC8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1027188.10   | 0.09%             | 2043-12-01      | Variable      | 4.80%                 | Yes           | 2                  | On Loan: No      |
| Michigan State Housing Development Authority                                          | Michigan State Housing Development Authority, Series 2023A                                    | CUSIP: 594654TJ4<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    375000 | PA      | $377224.91    | 0.03%             | 2043-12-01      | Fixed         | 4.70%                 | No            | 2                  | On Loan: No      |
| County of Frederick MD                                                                | County of Frederick, Series 2021 A                                                            | CUSIP: 35569PGG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $978852.00    | 0.08%             | 2036-10-01      | Fixed         | 1.75%                 | No            | 2                  | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                     | Southeast Energy Authority A Cooperative District, Series 2023 B                              | CUSIP: 84136GAJ4<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    750000 | PA      | $799568.18    | 0.07%             | 2030-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                           | Metropolitan Washington Airports Authority Aviation Revenue, Series 2021 A                    | CUSIP: 592647KN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1623870.25   | 0.14%             | 2051-10-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Las Vegas Convention & Visitors Authority                                             | Las Vegas Convention & Visitors Authority                                                     | CUSIP: 51771FAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021974.20   | 0.09%             | 2043-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2023A                                                      | CUSIP: 45204FUX1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   4330000 | PA      | $4524706.68   | 0.38%             | 2048-05-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Rhode Island Commerce Corp.                                                           | Rhode Island Commerce Corp.                                                                   | CUSIP: 76218NAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1538449.61   | 0.13%             | 2041-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74445QCU2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |      6528 | PA      | $64.99        | 0.00%             | 2065-01-01      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| CSCDA Community Improvement Authority                                                 | CSCDA Community Improvement Authority, Series 2020 A                                          | CUSIP: 126292AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $898920.00    | 0.08%             | 2054-01-01      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Colorado Health Facilities Authority                                                  | Colorado Health Facilities Authority, Series 2019 A                                           | CUSIP: 19648FJE5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1827562.20   | 0.15%             | 2043-11-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Aerotropolis Regional Transportation Authority                                        | Aerotropolis Regional Transportation Authority, Series 2024                                   | CUSIP: 008051AE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $988093.40    | 0.08%             | 2054-12-01      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority, Series 2025                                                         | CUSIP: 74448UAD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1528014.36   | 0.13%             | 2065-12-31      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Tennergy Corp.                                                                        | Tennergy Corp.                                                                                | CUSIP: 880397CF9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079689.10   | 0.09%             | 2053-10-01      | Variable      | 5.50%                 | No            | 2                  | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                        | Buckeye Tobacco Settlement Financing Authority                                                | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2564301.00   | 0.21%             | 2055-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| California Community Housing Agency                                                   | California Community Housing Agency, Series 2019 A                                            | CUSIP: 13013HAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $810281.90    | 0.07%             | 2049-04-01      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Georgia Housing & Finance Authority                                                   | Georgia Housing & Finance Authority, Series 2024 A                                            | CUSIP: 37353PMD8<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |    725000 | PA      | $754316.32    | 0.06%             | 2042-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Pennsylvania Turnpike Commission Oil Franchise Tax Revenue                            | Pennsylvania Turnpike Commission Oil Franchise Tax                                            | CUSIP: 709221VJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021606.10   | 0.09%             | 2043-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Cook County Community College District No. 508                                        | Cook County Community College District No. 508, Series 2024                                   | CUSIP: 213187EE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1311083.88   | 0.11%             | 2039-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74445QCN8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |      6933 | PA      | $99.23        | 0.00%             | 2059-01-01      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Ohio Housing Finance Agency                                                           | Ohio Housing Finance Agency, Series 2024 A                                                    | CUSIP: 67756Q6V4<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    975000 | PA      | $965436.62    | 0.08%             | 2054-09-01      | Fixed         | 4.65%                 | No            | 2                  | On Loan: No      |
| Port of Beaumont Navigation District                                                  | Port of Beaumont Navigation District, Series 2020A                                            | CUSIP: 73360CAD6<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $760065.90    | 0.06%             | 2050-01-01      | Fixed         | 4.00%                 | Yes           | 2                  | On Loan: No      |
| Collegiate Charter School of Lowell                                                   | Collegiate Charter School of Lowell                                                           | CUSIP: 547649AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $120056.24    | 0.01%             | 2039-06-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority                                                                    | CUSIP: 45204FNM3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $832298.10    | 0.07%             | 2043-08-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Illinois State University                                                             | Illinois State University                                                                     | CUSIP: 452272E78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043302.90   | 0.09%             | 2033-04-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Florida Development Finance Corp.                                                     | Florida Development Finance Corp., Series 2024                                                | CUSIP: 340618DT1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $854780.30    | 0.07%             | 2053-07-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Town of Apex NC                                                                       | Town of Apex, Series 2020 B                                                                   | CUSIP: 037591RY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $692823.09    | 0.06%             | 2033-06-01      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| Sanger Unified School District                                                        | Sanger Unified School District, Series A                                                      | CUSIP: 800851UK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $346978.01    | 0.03%             | 2046-08-01      | Fixed         | 2.25%                 | No            | 2                  | On Loan: No      |
| State of Illinois                                                                     | State of Illinois                                                                             | CUSIP: 452153AQ2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    660000 | PA      | $704915.64    | 0.06%             | 2036-03-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| County of Utah UT                                                                     | County of Utah, Series 2014A                                                                  | CUSIP: 917393AW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1403821.95   | 0.12%             | 2045-05-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| George L Smith II Congress Center Authority                                           | George L Smith II Congress Center Authority, Series 2021 A                                    | CUSIP: 37255MAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $831615.40    | 0.07%             | 2054-01-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| New York Liberty Development Corp.                                                    | New York Liberty Development Corp.                                                            | CUSIP: 649519DC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000353.20   | 0.17%             | 2040-11-15      | Fixed         | 5.38%                 | Yes           | 2                  | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp.                                                     | CUSIP: 650116AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1249944.00   | 0.10%             | 2050-01-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Town of Hempstead NY                                                                  | Town of Hempstead, Series 2021                                                                | CUSIP: 424672H71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1014300.88   | 0.08%             | 2037-06-15      | Fixed         | 2.12%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Education                                                            | Chicago Board of Education                                                                    | CUSIP: 167505XM3<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002593.20   | 0.08%             | 2036-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| University of Illinois                                                                | University of Illinois                                                                        | CUSIP: 914353U47<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1514736.75   | 0.13%             | 2036-04-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| County of Hillsborough FL                                                             | County of Hillsborough                                                                        | CUSIP: 432299AV7<br>LEI: 549300L0R7XNYJEJGF23 | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2350725.21   | 0.20%             | 2038-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Town of Rumford ME                                                                    | Town of Rumford                                                                               | CUSIP: 781433AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501117.60    | 0.04%             | 2026-10-01      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| Georgia Housing & Finance Authority                                                   | Georgia Housing & Finance Authority, Series 2024 A                                            | CUSIP: 37353PMG1<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000910.60   | 0.08%             | 2054-12-01      | Fixed         | 4.70%                 | No            | 2                  | On Loan: No      |
| Charleston County Airport District                                                    | Charleston County Airport District, Series 2024A                                              | CUSIP: 160070EJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033311.70   | 0.09%             | 2049-07-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Illinois State Toll Highway Authority                                                 | Illinois State Toll Highway Authority, Series 2015 B                                          | CUSIP: 452252LE7<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   2775000 | PA      | $2780823.62   | 0.23%             | 2040-01-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2024A                                       | CUSIP: 650116HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1243799.76   | 0.10%             | 2054-12-31      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Arizona Industrial Development Authority                                              | Arizona Industrial Development Authority, Series 2021 B                                       | CUSIP: 04052BQW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $778836.00    | 0.07%             | 2061-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| City of Beaumont TX Waterworks & Sewer System Revenue                                 | City of Beaumont, Series 2024                                                                 | CUSIP: 074561TD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516523.60    | 0.04%             | 2049-09-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Wildwood Utility Dependent District                                                   | Wildwood Utility Dependent District                                                           | CUSIP: 968214AL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $814327.88    | 0.07%             | 2036-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                                | Maine Health & Higher Educational Facilities Authority                                        | CUSIP: 56042RGC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1652547.46   | 0.14%             | 2035-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74445QCH1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |      7338 | PA      | $141.08       | 0.00%             | 2054-01-01      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74445QCF5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |      7490 | PA      | $163.30       | 0.00%             | 2052-01-01      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                     | City & County of Denver                                                                       | CUSIP: 249182LW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2007744.40   | 0.17%             | 2048-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Municipal Electric Authority of Georgia                                               | Municipal Electric Authority of Georgia, Series 2022A                                         | CUSIP: 62620HEL2<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    750000 | PA      | $754976.40    | 0.06%             | 2052-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency                                                      | CUSIP: 57584Y4S5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1199220.84   | 0.10%             | 2048-07-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency                                                      | CUSIP: 57584XFW6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000154.40   | 0.08%             | 2045-08-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Onondaga Civic Development Corp.                                                      | Onondaga Civic Development Corp.                                                              | CUSIP: 682832DA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $235036.31    | 0.02%             | 2040-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| State of Mississippi                                                                  | State of Mississippi, Series 2017 A                                                           | CUSIP: 605581JU2<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4017008.40   | 0.34%             | 2036-10-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| King County School District No. 210 Federal Way                                       | King County School District No. 210 Federal Way                                               | CUSIP: 494890B62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2215000 | PA      | $2255052.74   | 0.19%             | 2033-12-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Pennsylvania Turnpike Commission                                                      | Pennsylvania Turnpike Commission                                                              | CUSIP: 709225GL4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    500000 | PA      | $522289.30    | 0.04%             | 2052-12-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Rampart Range Metropolitan District No. 1                                             | Rampart Range Metropolitan District No. 1                                                     | CUSIP: 75157TAA7<br>LEI: 549300YG458KQEHMQF33 | Long             | DBT              | MUN               | US        |    425000 | PA      | $427850.60    | 0.04%             | 2042-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| New Hampshire Business Finance Authority                                              | New Hampshire Business Finance Authority                                                      | CUSIP: 63607WAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455266 | PA      | $457983.51    | 0.04%             | 2034-01-20      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| Louisiana Offshore Terminal Authority                                                 | Louisiana Offshore Terminal Authority, Series 2013C                                           | CUSIP: 546510FU7<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1015251.00   | 0.08%             | 2034-09-01      | Variable      | 4.20%                 | No            | 2                  | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                                  | Triborough Bridge & Tunnel Authority                                                          | CUSIP: 89602N4C5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1504202.10   | 0.13%             | 2045-11-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of Lathrop CA                                                                    | City of Lathrop                                                                               | CUSIP: 51825PBH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001733.80   | 0.08%             | 2049-09-01      | Fixed         | 5.60%                 | No            | 2                  | On Loan: No      |
| New Jersey Turnpike Authority                                                         | New Jersey Turnpike Authority                                                                 | CUSIP: 646140EU3<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1842082.55   | 0.15%             | 2052-01-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority                                                                    | CUSIP: 45204EPQ5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002711.20   | 0.17%             | 2045-02-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| County of Burleigh ND                                                                 | County of Burleigh                                                                            | CUSIP: 12139LAA0<br>LEI: 549300O9YPNGKFXM8354 | Long             | DBT              | MUN               | US        |    200000 | PA      | $199659.68    | 0.02%             | 2026-04-15      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| Copper Ridge Metropolitan District                                                    | Copper Ridge Metropolitan District                                                            | CUSIP: 217558AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $493210.25    | 0.04%             | 2039-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Central Texas Turnpike System                                                         | Central Texas Turnpike System, Series 2024 C                                                  | CUSIP: 88283KCH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $952298.55    | 0.08%             | 2042-08-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Nuveen New York AMT-Free Quality Municipal Income Fund                                | Nuveen New York AMT-Free Quality Municipal Income Fund                                        | CUSIP: 670656107<br>LEI: 549300V4X2BF3UXSCQ58 | Long             |  | RF                | US        |        51 | NS      | $520.20       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| City of Topeka KS Combined Utility Revenue                                            | City of Topeka, Series 2018 A                                                                 | CUSIP: 890680QN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $610281.28    | 0.05%             | 2048-08-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| County of Hamilton OH                                                                 | County of Hamilton                                                                            | CUSIP: 407272V91<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1108910.00   | 0.09%             | 2041-11-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Yellow Springs Exempt Village School District                                         | Yellow Springs Exempt Village School District, Series 2024                                    | CUSIP: 985607DN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047301.10   | 0.09%             | 2060-12-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2024                                        | CUSIP: 650116HS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1955000 | PA      | $1879153.43   | 0.16%             | 2060-06-30      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Philadelphia Authority for Industrial Development                                     | Philadelphia Authority for Industrial Development, Series 2024B2                              | CUSIP: 717901CE0<br>LEI: 549300DIY68KQZEW7M79 | Long             | STIV             | MUN               | US        |    100000 | PA      | $100000.00    | 0.01%             | 2054-07-01      | Variable      | 3.70%                 | No            | 2                  | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport          | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2024 A   | CUSIP: 79766DWW5<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1477464.27   | 0.12%             | 2044-05-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Los Angeles Department of Water & Power                                               | Los Angeles Department of Water & Power, Series 2018 D                                        | CUSIP: 5444955T7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056109.00   | 0.09%             | 2031-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Lakewood Ranch Stewardship District                                                   | Lakewood Ranch Stewardship District, Series 2017                                              | CUSIP: 51265KBF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1249066.17   | 0.10%             | 2047-05-01      | Fixed         | 5.12%                 | Yes           | 2                  | On Loan: No      |
| City of Garland TX Electric Utility System Revenue                                    | City of Garland                                                                               | CUSIP: 366133RN8<br>LEI: 549300O5KXJ5HAWVEN53 | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1262757.78   | 0.11%             | 2038-03-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| East Hempfield Township Industrial Development Authority                              | East Hempfield Township Industrial Development Authority                                      | CUSIP: 273007CN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $265108.86    | 0.02%             | 2039-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Lyons-Decatur Northeast Schools                                                       | Lyons-Decatur Northeast Schools                                                               | CUSIP: 122873AW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $929333.88    | 0.08%             | 2052-12-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Mobile County Industrial Development Authority                                        | Mobile County Industrial Development Authority, Series 2024 B                                 | CUSIP: 60733UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $925701.00    | 0.08%             | 2054-12-01      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| Massachusetts Port Authority                                                          | Massachusetts Port Authority, Series 2021 E                                                   | CUSIP: 575896YK5<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |    420000 | PA      | $423714.56    | 0.04%             | 2051-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of Middleburg Heights OH                                                         | City of Middleburg Heights                                                                    | CUSIP: 596126DQ2<br>LEI: 549300YPL4J3W5PGVS22 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $916107.40    | 0.08%             | 2041-08-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Pennsylvania Turnpike Commission                                                      | Pennsylvania Turnpike Commission                                                              | CUSIP: 709225BB1<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $929139.40    | 0.08%             | 2045-12-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| University of Wisconsin Hospitals & Clinics                                           | University of Wisconsin Hospitals & Clinics                                                   | CUSIP: 915260DG5<br>LEI: 549300O76DW14JGO7224 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016077.10   | 0.08%             | 2043-04-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Pico Rivera Water Authority                                                           | Pico Rivera Water Authority                                                                   | CUSIP: 719889AS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $974969.87    | 0.08%             | 2029-05-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| BlackRock Liquidity Funds                                                             | BlackRock Liquidity Funds MuniCash, Class Institutional                                       | CUSIP: 09248U841<br>LEI: 549300RWBJ885673DL84 | Long             | STIV             | RF                | US        |  32911550 | NS      | $32914841.42  | 2.75%             |  |  |  | No            | 1                  | On Loan: No      |
| Metropolitan Nashville Airport Authority (The)                                        | Metropolitan Nashville Airport Authority (The)                                                | CUSIP: 592190QY1<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031530.00   | 0.09%             | 2047-07-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| City of Shakopee MN Senior Housing Revenue                                            | City of Shakopee MN Senior Housing Revenue                                                    | CUSIP: 81919TAA4<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1720000 | PA      | $1718959.40   | 0.14%             | 2058-11-01      | Variable      | 5.85%                 | Yes           | 2                  | On Loan: No      |
| Hillsborough County Aviation Authority                                                | Hillsborough County Aviation Authority                                                        | CUSIP: 432308H64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2014077.20   | 0.17%             | 2043-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of Los Angeles Department of Airports                                            | City of Los Angeles Department of Airports                                                    | CUSIP: 544445GY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008034.20   | 0.08%             | 2048-05-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| County of San Bernardino CA                                                           | County of San Bernardino                                                                      | CUSIP: 796844SH2<br>LEI: 254900RTS8DDNPA7MX91 | Long             | DBT              | MUN               | US        |    700000 | PA      | $633510.78    | 0.05%             | 2042-09-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc., Series 2021 A                                                  | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1378638.09   | 0.12%             | 2052-07-01      | Variable      | 4.00%                 | No            | 2                  | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona (The)                 | Industrial Development Authority of the City of Phoenix Arizona (The)                         | CUSIP: 71885MBH4<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    645000 | PA      | $651720.19    | 0.05%             | 2036-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                       | Foothill-Eastern Transportation Corridor Agency                                               | CUSIP: 345105JJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1408626.77   | 0.12%             | 2043-01-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc., Series 2019 A                                                  | CUSIP: 56035DBW1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036074.60   | 0.09%             | 2049-05-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Indiana Finance Authority                                                             | Indiana Finance Authority, Series 2023A                                                       | CUSIP: 45470YFG1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1592550.75   | 0.13%             | 2042-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Kentucky Municipal Power Agency                                                       | Kentucky Municipal Power Agency                                                               | CUSIP: 491501EL2<br>LEI: 2549001MTI3IE05Z7959 | Long             | DBT              | MUN               | US        |    765000 | PA      | $775401.17    | 0.06%             | 2032-09-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority, Series 2019A                                                      | CUSIP: 59447TUH4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003348.20   | 0.08%             | 2048-11-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                 | Pennsylvania Economic Development Financing Authority                                         | CUSIP: 70868YAZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1583108.25   | 0.13%             | 2062-12-31      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| South Tahoe Joint Powers Financing Authority                                          | South Tahoe Joint Powers Financing Authority                                                  | CUSIP: 84049BHK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000400.80   | 0.08%             | 2034-10-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74445QCM0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |      6984 | PA      | $105.63       | 0.00%             | 2058-01-01      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74446HAB5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $800000.00    | 0.07%             | 2037-12-01      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Colorado Health Facilities Authority                                                  | Colorado Health Facilities Authority                                                          | CUSIP: 19648FWU4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    500000 | PA      | $512358.30    | 0.04%             | 2052-11-01      | 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        |     16542 | NS      | $188413.38    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority                                                                    | CUSIP: 594479BT3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    160000 | PA      | $146312.30    | 0.01%             | 2029-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| State of Illinois                                                                     | State of Illinois                                                                             | CUSIP: 452152Q61<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024720.00   | 0.09%             | 2026-11-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Louisiana Stadium & Exposition District                                               | Louisiana Stadium & Exposition District                                                       | CUSIP: 546410CY5<br>LEI: 5493000QEHWDGVGH7J62 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039239.80   | 0.09%             | 2053-07-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Calexico Unified School District                                                      | Calexico Unified School District                                                              | CUSIP: 129577LU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $964397.67    | 0.08%             | 2052-08-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| FSU Financial Assistance, Inc.                                                        | FSU Financial Assistance, Inc.                                                                | CUSIP: 302644ED7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001922.30   | 0.08%             | 2030-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                    | Tobacco Settlement Financing Corp.                                                            | CUSIP: 888808HM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1649024.31   | 0.14%             | 2036-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Carson City NV                                                                        | Carson City NV                                                                                | CUSIP: 145810DT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $242312.57    | 0.02%             | 2037-09-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| California Community Choice Financing Authority                                       | California Community Choice Financing Authority                                               | CUSIP: 13013JBJ4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    500000 | PA      | $511940.45    | 0.04%             | 2053-05-01      | Variable      | 4.00%                 | No            | 2                  | On Loan: No      |
| Scranton-Lackawanna Health and Welfare Authority                                      | Scranton-Lackawanna Health and Welfare Authority                                              | CUSIP: 810694L72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $836696.50    | 0.07%             | 2046-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Central Texas Regional Mobility Authority                                             | Central Texas Regional Mobility Authority                                                     | CUSIP: 155498AV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1029104.71   | 0.09%             | 2027-01-01      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Washington Convention & Sports Authority                                              | Washington Convention & Sports Authority                                                      | CUSIP: 93878LCH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508988.20    | 0.04%             | 2035-10-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Susquehanna Area Regional Airport Authority                                           | Susquehanna Area Regional Airport Authority                                                   | CUSIP: 86909RBG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $277374.71    | 0.02%             | 2035-01-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Dawson Trails Metropolitan District No. 1                                             | Dawson Trails Metropolitan District No. 1, Series 2024                                        | CUSIP: 23945PAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $669199.62    | 0.06%             | 2031-12-01      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                | Clifton Higher Education Finance Corp.                                                        | CUSIP: 187145CE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1354229.10   | 0.11%             | 2049-12-01      | Fixed         | 4.60%                 | No            | 2                  | On Loan: No      |
| New York Liberty Development Corp.                                                    | New York Liberty Development Corp.                                                            | CUSIP: 649519EL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $601939.39    | 0.05%             | 2042-02-15      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| New York Counties Tobacco Trust VI                                                    | New York Counties Tobacco Trust VI                                                            | CUSIP: 64945JAZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $356099.73    | 0.03%             | 2035-06-01      | Fixed         | 5.62%                 | No            | 2                  | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act                           | New Hampshire Health and Education Facilities Authority Act                                   | CUSIP: 64461XFR1<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    215000 | PA      | $220339.01    | 0.02%             | 2037-08-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| South Jersey Port Corp.                                                               | South Jersey Port Corp.                                                                       | CUSIP: 838530RF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017704.20   | 0.09%             | 2037-01-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Commonwealth of Puerto Rico                                                           | Commonwealth of Puerto Rico                                                                   | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     61305 | PA      | $63472.39     | 0.01%             | 2027-07-01      | Fixed         | 5.62%                 | No            | 2                  | On Loan: No      |
| Health Care Authority for Baptist Health (The)                                        | Health Care Authority for Baptist Health (The)                                                | CUSIP: 42219UCF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063707.40   | 0.09%             | 2036-11-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| South Dakota Health & Educational Facilities Authority                                | South Dakota Health & Educational Facilities Authority, Series 2015                           | CUSIP: 83755VW91<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |    545000 | PA      | $546011.90    | 0.05%             | 2045-11-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                              | New Jersey Higher Education Student Assistance Authority                                      | CUSIP: 646080TV3<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    500000 | PA      | $523957.00    | 0.04%             | 2028-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74447DAB3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $509270.80    | 0.04%             | 2042-02-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of Philadelphia PA Airport Revenue                                               | City of Philadelphia, Airport Revenue                                                         | CUSIP: 717817WU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $941444.90    | 0.08%             | 2040-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                                     | Chicago Transit Authority Sales Tax Receipts Fund                                             | CUSIP: 16772PDK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1955298.81   | 0.16%             | 2046-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Hess Ranch Metropolitan District No. 5                                                | Hess Ranch Metropolitan District No. 5, Series 2024                                           | CUSIP: 428111AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499554.00    | 0.04%             | 2044-12-01      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Mediterra South Community Development District                                        | Mediterra South Community Development District                                                | CUSIP: 58500YAX6<br>LEI: 549300K93D7HYW1USW52 | Long             | DBT              | MUN               | US        |    355000 | PA      | $355203.13    | 0.03%             | 2034-05-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| BlackRock Long-Term Municipal Advantage Trust                                         | BlackRock Long-Term Municipal Advantage Trust                                                 | CUSIP: 09250B103<br>LEI: G3XW7SJTEWPATVFP0M68 | Long             |  | RF                | US        |     10127 | NS      | $97016.66     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| BlackRock MuniHoldings Fund, Inc.                                                     | BlackRock MuniHoldings Fund, Inc.                                                             | CUSIP: 09253N104<br>LEI: MZBVMGS24JR92TGE6Z32 | Long             |  | RF                | US        |     18174 | NS      | $213544.50    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc., Series 2023C                                                   | CUSIP: 56035DFK3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073221.60   | 0.09%             | 2053-09-01      | Variable      | 5.00%                 | No            | 2                  | On Loan: No      |
| Yosemite Community College District                                                   | Yosemite Community College District, Series 2010D                                             | CUSIP: 987388DT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $419750.20    | 0.04%             | 2042-08-01      | Variable      | 0.00%                 | No            | 2                  | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                        | New Jersey Transportation Trust Fund Authority                                                | CUSIP: 64613CAE8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    500000 | PA      | $472835.80    | 0.04%             | 2042-06-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Duluth Economic Development Authority                                                 | Duluth Economic Development Authority, Series 2018 A                                          | CUSIP: 26444CHG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003416.00   | 0.08%             | 2058-02-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Metropolitan Transportation Authority                                                 | Metropolitan Transportation Authority                                                         | CUSIP: 59261AE52<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1752987.60   | 0.15%             | 2054-11-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Harbor Point Infrastructure Improvement District                                      | Harbor Point Infrastructure Improvement District                                              | CUSIP: 41154VAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012140.70   | 0.08%             | 2039-04-01      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                              | Metropolitan Pier & Exposition Authority                                                      | CUSIP: 592250DM3<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1337978.76   | 0.11%             | 2050-06-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Nuveen AMT-Free Municipal Credit Income Fund                                          | Nuveen AMT-Free Municipal Credit Income Fund                                                  | CUSIP: 67071L106<br>LEI: 549300LBMO1C0IG71T03 | Long             |  | RF                | US        |     18219 | NS      | $223911.51    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Black Belt Energy Gas District                                                        | Black Belt Energy Gas District, Series 2025 A                                                 | CUSIP: 09182TEV5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1561107.90   | 0.13%             | 2056-05-01      | Variable      | 5.25%                 | No            | 2                  | On Loan: No      |
| Virginia Small Business Financing Authority                                           | Virginia Small Business Financing Authority                                                   | CUSIP: 928104PS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $473945.95    | 0.04%             | 2040-01-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Southeast Alabama Gas Supply District (The)                                           | Southeast Alabama Gas Supply District (The), Series 2024A                                     | CUSIP: 84131TBA9<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3251718.30   | 0.27%             | 2054-08-01      | Variable      | 5.00%                 | No            | 2                  | On Loan: No      |
| Kentucky Economic Development Finance Authority                                       | Kentucky Economic Development Finance Authority                                               | CUSIP: 49126KKF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1988910.80   | 0.17%             | 2045-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Stonebrier Community Development District                                             | Stonebrier Community Development District                                                     | CUSIP: 861779AN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100005.15    | 0.01%             | 2037-05-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                         | Allentown Neighborhood Improvement Zone Development Authority, Series 2024 A                  | CUSIP: 018444CE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $195629.44    | 0.02%             | 2042-05-01      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| Texas Transportation Commission State Highway 249 System                              | Texas Transportation Commission State Highway 249 System                                      | CUSIP: 88283NAK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $561745.24    | 0.05%             | 2040-08-01      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| South Dakota Health & Educational Facilities Authority                                | South Dakota Health & Educational Facilities Authority, Series 2015                           | CUSIP: 83755VX25<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |    690000 | PA      | $691522.28    | 0.06%             | 2045-11-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue                   | Metropolitan Washington Airports Authority Dulles Toll Road Revenue                           | CUSIP: 592643CY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $757353.90    | 0.06%             | 2035-10-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| City of Houston TX Airport System Revenue                                             | City of Houston                                                                               | CUSIP: 442349GA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1363620.00   | 0.11%             | 2041-07-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Putnam County Development Authority/FL                                                | Putnam County Development Authority                                                           | CUSIP: 746507AV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $689675.65    | 0.06%             | 2042-03-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| New Hampshire Business Finance Authority                                              | New Hampshire Business Finance Authority, Series 2003 A                                       | CUSIP: 64468CBS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046938.60   | 0.09%             | 2033-10-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Philadelphia Housing Authority                                                        | Philadelphia Housing Authority, Series 2025A                                                  | CUSIP: 71783TAU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508841.55    | 0.04%             | 2045-03-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Black Belt Energy Gas District                                                        | Black Belt Energy Gas District                                                                | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $2083362.45   | 0.17%             | 2053-02-01      | Variable      | 5.25%                 | No            | 2                  | On Loan: No      |
| California Infrastructure & Economic Development Bank                                 | California Infrastructure & Economic Development Bank, Series 2025A                           | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    290000 | PA      | $265623.24    | 0.02%             | 2065-01-01      | Variable      | 9.50%                 | Yes           | 2                  | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                      | Washington Metropolitan Area Transit Authority Dedicated, Series 2024 A                       | CUSIP: 93878YDV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030548.00   | 0.09%             | 2054-07-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Denver Health & Hospital Authority                                                    | Denver Health & Hospital Authority, Series 2025A                                              | CUSIP: 24918EEN6<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |    335000 | PA      | $338286.75    | 0.03%             | 2050-12-01      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| Onondaga Civic Development Corp.                                                      | Onondaga Civic Development Corp.                                                              | CUSIP: 682832DB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $494137.25    | 0.04%             | 2045-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Black Belt Energy Gas District                                                        | Black Belt Energy Gas District, Series 2025 B                                                 | CUSIP: 09182TEW3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2090345.00   | 0.17%             | 2035-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Washington State Convention Center Public Facilities District                         | Washington State Convention Center Public Facilities District                                 | CUSIP: 93976ADW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1013852.83   | 0.08%             | 2058-07-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Iowa Finance Authority                                                                | Iowa Finance Authority                                                                        | CUSIP: 46246SAE5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2520000 | PA      | $2495237.72   | 0.21%             | 2042-08-01      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| Hempstead Town Local Development Corp.                                                | Hempstead Town Local Development Corp.                                                        | CUSIP: 424685AW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $765787.60    | 0.06%             | 2051-02-01      | Fixed         | 4.60%                 | No            | 2                  | On Loan: No      |
| Commonwealth of Puerto Rico                                                           | Commonwealth of Puerto Rico                                                                   | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     42853 | PA      | $40708.73     | 0.00%             | 2037-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| SA Energy Acquisition Public Facility Corp.                                           | SA Energy Acquisition Public Facility Corp.                                                   | CUSIP: 785138AV0<br>LEI: 5493006HRL5XH4QOE746 | Long             | DBT              | MUN               | US        |    290000 | PA      | $300120.91    | 0.03%             | 2027-08-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| North Carolina Housing Finance Agency                                                 | North Carolina Housing Finance Agency, Series 45                                              | CUSIP: 658207D28<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   1545000 | PA      | $1528900.79   | 0.13%             | 2051-07-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Denton Independent School District                                                    | Denton Independent School District, Series 2023                                               | CUSIP: 249002MC7<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032679.60   | 0.09%             | 2053-08-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Municipal Electric Authority of Georgia                                               | Municipal Electric Authority of Georgia                                                       | CUSIP: 62620HGQ9<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1341889.53   | 0.11%             | 2055-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Sports Authority                  | Metropolitan Government Nashville & Davidson County Sports Authority, Series 2023A            | CUSIP: 592090KA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039726.80   | 0.09%             | 2056-07-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| University of South Carolina                                                          | University of South Carolina                                                                  | CUSIP: 914849HP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3028536.90   | 0.25%             | 2043-05-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Chicago O'Hare International Airport                                                  | Chicago O'Hare International Airport, Series 2018A                                            | CUSIP: 167593L59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001577.80   | 0.08%             | 2048-01-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Mission Economic Development Corp.                                                    | Mission Economic Development Corp.                                                            | CUSIP: 605156AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500599.10    | 0.04%             | 2031-10-01      | Fixed         | 4.62%                 | Yes           | 2                  | On Loan: No      |
| City of Deephaven MN                                                                  | City of Deephaven                                                                             | CUSIP: 24380HAR3<br>LEI: 5493005IOLNBTFT2MD86 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250053.08    | 0.02%             | 2040-07-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Grand Parkway Transportation Corp.                                                    | Grand Parkway Transportation Corp.                                                            | CUSIP: 38611TBP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034908.00   | 0.09%             | 2038-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Lincoln Park Metropolitan District                                                    | Lincoln Park Metropolitan District                                                            | CUSIP: 534550BE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1811201.48   | 0.15%             | 2042-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority                                                                    | CUSIP: 59447TXH1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $878164.00    | 0.07%             | 2049-12-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Roanoke Economic Development Authority                                                | Roanoke Economic Development Authority, Series 2020 A                                         | CUSIP: 770082BZ7<br>LEI: 549300P5QQORJY0U4T83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1077796.90   | 0.09%             | 2047-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Massachusetts Development Finance Agency                                              | Massachusetts Development Finance Agency, Series N                                            | CUSIP: 57585BPA0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017950.80   | 0.09%             | 2050-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Arlington Higher Education Finance Corp.                                              | Arlington Higher Education Finance Corp.                                                      | CUSIP: 041806PT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $76529.59     | 0.01%             | 2048-08-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Los Angeles Department of Water & Power                                               | Los Angeles Department of Water & Power, Series 2019A                                         | CUSIP: 5444956K5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    625000 | PA      | $662928.94    | 0.06%             | 2032-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of Lathrop CA                                                                    | City of Lathrop                                                                               | CUSIP: 518252EU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500539.30    | 0.04%             | 2040-09-02      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| County of Polk FL Utility System Revenue                                              | County of Polk                                                                                | CUSIP: 731167GG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $959560.90    | 0.08%             | 2043-10-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                               | Puerto Rico Sales Tax Financing Corp. Sales Tax                                               | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   1125000 | PA      | $1077645.83   | 0.09%             | 2040-07-01      | Fixed         | 4.33%                 | No            | 2                  | On Loan: No      |
| New Jersey Economic Development Authority                                             | New Jersey Economic Development Authority                                                     | CUSIP: 64577BM84<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102017.98    | 0.01%             | 2032-07-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Port Authority of New York & New Jersey                                               | Port Authority of New York & New Jersey                                                       | CUSIP: 73358WZH0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   4535000 | PA      | $4538940.01   | 0.38%             | 2041-10-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| County of Miami-Dade FL Transit System                                                | County of Miami-Dade                                                                          | CUSIP: 59334PGT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1848135.40   | 0.15%             | 2048-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc., Series 2022B                                                   | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059831.40   | 0.09%             | 2052-12-01      | Variable      | 5.00%                 | No            | 2                  | On Loan: No      |
| Port of Tacoma WA                                                                     | Port of Tacoma, Series B                                                                      | CUSIP: 735439PH8<br>LEI: 549300MLYO8L64QKXV81 | Long             | DBT              | MUN               | US        |    700000 | PA      | $713396.60    | 0.06%             | 2028-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Port of Seattle WA                                                                    | Port of Seattle                                                                               | CUSIP: 735389V96<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2559178.00   | 0.21%             | 2047-08-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of Chillicothe OH                                                                | City of Chillicothe, Series 2017                                                              | CUSIP: 169203AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2007901.20   | 0.17%             | 2047-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp.                                                     | CUSIP: 650116AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2974182.90   | 0.25%             | 2046-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of South Miami Health Facilities Authority, Inc.                                 | City of South Miami Health Facilities Authority, Inc., Series 2017                            | CUSIP: 838810EE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1542993.36   | 0.13%             | 2047-08-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74445QCP3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |      6882 | PA      | $92.15        | 0.00%             | 2060-01-01      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| King County School District No. 406 Tukwila                                           | King County School District No. 406 Tukwila                                                   | CUSIP: 495116HT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1570202.40   | 0.13%             | 2031-12-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| University System of Maryland                                                         | University System of Maryland, Series 2021 A                                                  | CUSIP: 91440ABA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $917433.80    | 0.08%             | 2051-04-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                     | Southeast Energy Authority A Cooperative District                                             | CUSIP: 84136FBT3<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1590570.15   | 0.13%             | 2054-01-01      | Variable      | 5.25%                 | No            | 2                  | On Loan: No      |
| City of Los Angeles Department of Airports                                            | City of Los Angeles Department of Airports, Series 2021 D                                     | CUSIP: 544445VD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1776103.00   | 0.15%             | 2051-05-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                           | Metropolitan Washington Airports Authority Aviation Revenue                                   | CUSIP: 592647DC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1507013.27   | 0.13%             | 2036-10-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Denver Convention Center Hotel Authority                                              | Denver Convention Center Hotel Authority                                                      | CUSIP: 249189DN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505607.25    | 0.04%             | 2034-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| State of Hawaii Airports System Revenue                                               | State of Hawaii Airports System Revenue                                                       | CUSIP: 419794A51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005679.30   | 0.08%             | 2048-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc.                                                                 | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065804.70   | 0.09%             | 2053-06-01      | Variable      | 5.00%                 | No            | 2                  | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                               | Puerto Rico Sales Tax Financing Corp. Sales Tax                                               | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   4300000 | PA      | $4156350.33   | 0.35%             | 2058-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| New Jersey Economic Development Authority                                             | New Jersey Economic Development Authority                                                     | CUSIP: 645912DT0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    350000 | PA      | $350123.62    | 0.03%             | 2049-10-01      | Fixed         | 6.30%                 | Yes           | 2                  | On Loan: No      |
| Village of Morton Grove IL Tax Increment Revenue                                      | Village of Morton Grove, Series 2019                                                          | CUSIP: 619295AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1466102.25   | 0.12%             | 2039-01-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| BlackRock MuniYield Quality Fund, Inc.                                                | BlackRock MuniYield Quality Fund, Inc.                                                        | CUSIP: 09254F100<br>LEI: TFKEE3VA3GBE5LOK5U77 | Long             |  | RF                | US        |     30241 | NS      | $352307.65    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Metropolitan Transportation Authority                                                 | Metropolitan Transportation Authority, Series 2024A                                           | CUSIP: 59261A2H9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1845000 | PA      | $1675071.99   | 0.14%             | 2048-11-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| San Diego County Regional Airport Authority                                           | San Diego County Regional Airport Authority, Series 2025 B                                    | CUSIP: 79739GTA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $725626.84    | 0.06%             | 2043-07-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Lee County Industrial Development Authority/FL                                        | Lee County Industrial Development Authority                                                   | CUSIP: 52349KBL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99370.66     | 0.01%             | 2042-06-15      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| State of Illinois Sales Tax Revenue                                                   | State of Illinois Sales Tax                                                                   | CUSIP: 452227MD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2012577.00   | 0.17%             | 2030-06-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Los Angeles Department of Water & Power                                               | Los Angeles Department of Water & Power, Series 2019 D                                        | CUSIP: 544532AG9<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    830000 | PA      | $887697.62    | 0.07%             | 2032-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Patriots Energy Group Financing Agency                                                | Patriots Energy Group Financing Agency, Series 2023 A-1                                       | CUSIP: 70342PAN4<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |    500000 | PA      | $545003.10    | 0.05%             | 2054-10-01      | Variable      | 5.25%                 | No            | 2                  | On Loan: No      |
| School District of Philadelphia (The)                                                 | School District of Philadelphia (The), Series 2021 A                                          | CUSIP: 717883ZF2<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $983661.10    | 0.08%             | 2041-09-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Authority | Louisiana Local Government Environmental Facilities & Community Development Authority         | CUSIP: 54628CEP3<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008976.20   | 0.08%             | 2043-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Salt Verde Financial Corp.                                                            | Salt Verde Financial Corp.                                                                    | CUSIP: 79575EAR9<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   1995000 | PA      | $2179661.59   | 0.18%             | 2032-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Education Dedicated Capital Improvement Tax                          | Chicago Board of Education Dedicated Capital Improvement Tax                                  | CUSIP: 167510BJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2081283.60   | 0.17%             | 2048-04-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Black Belt Energy Gas District                                                        | Black Belt Energy Gas District, Series 2025 E                                                 | CUSIP: 09182TGC5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    500000 | PA      | $539297.25    | 0.05%             | 2055-12-01      | Variable      | 5.00%                 | No            | 2                  | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2023                                        | CUSIP: 650116GW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1356702.99   | 0.11%             | 2044-06-30      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                 | Pennsylvania Economic Development Financing Authority, Series 2022                            | CUSIP: 70868YAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1293683.38   | 0.11%             | 2048-06-30      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Territory of Guam                                                                     | Territory of Guam                                                                             | CUSIP: 40065NCR6<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    250000 | PA      | $232514.63    | 0.02%             | 2042-01-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Colorado Bridge & Tunnel Enterprise                                                   | Colorado Bridge & Tunnel Enterprise, Series 2024 A                                            | CUSIP: 19633TAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1077893.40   | 0.09%             | 2054-12-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| IPS Multi-School Building Corp.                                                       | IPS Multi-School Building Corp., Series 2024                                                  | CUSIP: 46263RTY1<br>LEI: 549300BHLK1DUJUYPM91 | Long             | DBT              | MUN               | US        |    400000 | PA      | $415141.12    | 0.03%             | 2044-07-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| California Statewide Communities Development Authority                                | California Statewide Communities Development Authority                                        | CUSIP: 13080SEX8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999940.80    | 0.08%             | 2054-12-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Lake County Community High School District No. 115 Lake Forest                        | Lake County Community High School District No. 115 Lake Forest, Series 2023                   | CUSIP: 509102JD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1839847.41   | 0.15%             | 2043-11-01      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74445QCG3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |      7388 | PA      | $151.77       | 0.00%             | 2053-01-01      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Santa Monica-Malibu Unified School District                                           | Santa Monica-Malibu Unified School District                                                   | CUSIP: 802498YR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $399882.55    | 0.03%             | 2044-08-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Allegheny County Higher Education Building Authority                                  | Allegheny County Higher Education Building Authority                                          | CUSIP: 01728RMS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $320008.44    | 0.03%             | 2037-10-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                                      | San Joaquin Hills Transportation Corridor Agency                                              | CUSIP: 798111DE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $353436.77    | 0.03%             | 2034-01-15      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Wildwood Utility Dependent District                                                   | Wildwood Utility Dependent District                                                           | CUSIP: 968214BD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030967.20   | 0.09%             | 2046-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of Los Angeles Department of Airports                                            | City of Los Angeles Department of Airports, Series 2025A                                      | CUSIP: 5444453D9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065819.60   | 0.09%             | 2055-05-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| New York City Municipal Water Finance Authority                                       | New York City Municipal Water Finance Authority                                               | CUSIP: 64972GVL5<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    500000 | PA      | $509418.30    | 0.04%             | 2049-06-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Idaho Housing & Finance Association                                                   | Idaho Housing & Finance Association                                                           | CUSIP: 45129GDE2<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    370000 | PA      | $376173.82    | 0.03%             | 2039-07-01      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| Brookhaven Development Authority                                                      | Brookhaven Development Authority                                                              | CUSIP: 113073AW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $929154.40    | 0.08%             | 2044-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Florida Development Finance Corp.                                                     | Florida Development Finance Corp., Series 2024A-1                                             | CUSIP: 34062AAD3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    180000 | PA      | $171792.94    | 0.01%             | 2054-06-01      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| City of Miami Beach FL                                                                | City of Miami Beach, Series 2023 A                                                            | CUSIP: 593201ZV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $446963.96    | 0.04%             | 2053-05-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Main Street Natural Gas, Inc.                                                         | Main Street Natural Gas, Inc., Series 2025B                                                   | CUSIP: 56035DKH4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    250000 | PA      | $271695.30    | 0.02%             | 2055-12-01      | Variable      | 5.00%                 | No            | 2                  | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2025                                        | CUSIP: 650116JP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2780000 | PA      | $2955888.93   | 0.25%             | 2055-06-30      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Washington Health Care Facilities Authority                                           | Washington Health Care Facilities Authority                                                   | CUSIP: 93978HYL3<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000373.10   | 0.08%             | 2041-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| New York State Thruway Authority                                                      | New York State Thruway Authority, Series 2016 A                                               | CUSIP: 650010AY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500756.00   | 0.13%             | 2041-01-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Town of Westlake TX                                                                   | Town of Westlake                                                                              | CUSIP: 96048SAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $175006.02    | 0.01%             | 2035-09-01      | Fixed         | 6.12%                 | No            | 2                  | On Loan: No      |
| Commonwealth of Puerto Rico                                                           | Commonwealth of Puerto Rico                                                                   | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     71485 | PA      | $51142.21     | 0.00%             | 2033-07-01      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| California Statewide Communities Development Authority                                | California Statewide Communities Development Authority, Series 2018 A                         | CUSIP: 13080SVN1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997906.10    | 0.08%             | 2058-12-01      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Port of Tacoma WA                                                                     | Port of Tacoma                                                                                | CUSIP: 735439QH7<br>LEI: 549300MLYO8L64QKXV81 | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1497419.43   | 0.13%             | 2031-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Michigan Finance Authority                                                            | Michigan Finance Authority                                                                    | CUSIP: 59447TSN4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $905203.00    | 0.08%             | 2048-11-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Rhode Island Health and Educational Building Corp.                                    | Rhode Island Health and Educational Building Corp.                                            | CUSIP: 762197E64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $524581.04    | 0.04%             | 2050-11-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority                                                                    | CUSIP: 45204EUT3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    425000 | PA      | $438615.47    | 0.04%             | 2027-08-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Metropolitan Nashville Airport Authority (The)                                        | Metropolitan Nashville Airport Authority (The), Series 2022B                                  | CUSIP: 592190QU9<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1084322.10   | 0.09%             | 2039-07-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Colorado Health Facilities Authority                                                  | Colorado Health Facilities Authority, Series 2018A                                            | CUSIP: 19648FGQ1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    750000 | PA      | $684840.68    | 0.06%             | 2048-11-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                                | Maine Health & Higher Educational Facilities Authority                                        | CUSIP: 56042RH47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502001.20    | 0.04%             | 2039-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| La Paz County Industrial Development Authority                                        | La Paz County Industrial Development Authority                                                | CUSIP: 50376HAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $980027.50    | 0.08%             | 2038-06-15      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| Port of Seattle WA                                                                    | Port of Seattle, Series 2024B                                                                 | CUSIP: 7353892Q0<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1595720.10   | 0.13%             | 2043-07-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                             | City of Salt Lake City, Airport Revenue                                                       | CUSIP: 795576HM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012047.60   | 0.08%             | 2048-07-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| California Health Facilities Financing Authority                                      | California Health Facilities Financing Authority, Series 2018 A                               | CUSIP: 13032URN0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1631752.01   | 0.14%             | 2042-11-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Hannibal Industrial Development Authority                                             | Hannibal Industrial Development Authority                                                     | CUSIP: 410632CN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $611910.27    | 0.05%             | 2042-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Louisa Industrial Development Authority                                               | Louisa Industrial Development Authority, Series 2008 B                                        | CUSIP: 546068AZ0<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1009700.00   | 0.08%             | 2035-11-01      | Variable      | 3.12%                 | No            | 2                  | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                        | New Jersey Transportation Trust Fund Authority                                                | CUSIP: 6461364X6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2055892.00   | 0.17%             | 2043-06-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Red River Health Facilities Development Corp.                                         | Red River Health Facilities Development Corp.                                                 | CUSIP: 75687RAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $460000.00    | 0.04%             | 2047-12-15      | Fixed         | 7.25%                 | No            | 2                  | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                             | Maryland Health & Higher Educational Facilities Authority                                     | CUSIP: 5742182Q5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1070043.41   | 0.09%             | 2045-05-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| PEFA, Inc.                                                                            | PEFA, Inc.                                                                                    | CUSIP: 70556CAB0<br>LEI: 549300RSE249DJNRHY07 | Long             | DBT              | MUN               | US        |    500000 | PA      | $508832.35    | 0.04%             | 2049-09-01      | Variable      | 5.00%                 | No            | 2                  | On Loan: No      |
| Greater Orlando Aviation Authority                                                    | Greater Orlando Aviation Authority                                                            | CUSIP: 392274R57<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1699110.69   | 0.14%             | 2046-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Invesco Trust for Investment Grade Municipals                                         | Invesco Trust for Investment Grade Municipals                                                 | CUSIP: 46131M106<br>LEI: V0VF67S6NRLBDK357F71 | Long             |  | RF                | US        |     20110 | NS      | $203513.20    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Port of Portland OR Airport Revenue                                                   | Port of Portland                                                                              | CUSIP: 735240T86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $448053.89    | 0.04%             | 2040-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Tacoma Consolidated Local Improvement Districts                                       | Tacoma Consolidated Local Improvement Districts                                               | CUSIP: 873472EH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $143230.49    | 0.01%             | 2043-04-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| TSASC, Inc./NY                                                                        | TSASC, Inc.                                                                                   | CUSIP: 898526FQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $852693.92    | 0.07%             | 2045-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| PIMCO Municipal Income Fund II                                                        | PIMCO Municipal Income Fund II                                                                | CUSIP: 72200W106<br>LEI: ZVT714KPY3QTZWRT1S41 | Long             |  | RF                | US        |     29855 | NS      | $236153.05    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Idaho Housing & Finance Association                                                   | Idaho Housing & Finance Association                                                           | CUSIP: 45129GDF9<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    415000 | PA      | $416905.97    | 0.03%             | 2049-07-01      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| Michigan State Housing Development Authority                                          | Michigan State Housing Development Authority                                                  | CUSIP: 59465PAV0<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1006095.38   | 0.08%             | 2036-10-01      | Fixed         | 2.12%                 | No            | 2                  | On Loan: No      |
| Town of Davie FL                                                                      | Town of Davie                                                                                 | CUSIP: 23867PBU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2024750.80   | 0.17%             | 2048-04-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Southern California Public Power Authority                                            | Southern California Public Power Authority                                                    | CUSIP: 842471AX2<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    565000 | PA      | $591397.70    | 0.05%             | 2029-11-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Muskogee Industrial Trust                                                             | Muskogee Industrial Trust                                                                     | CUSIP: 62813NBC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1050387.00   | 0.09%             | 2032-09-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp., Series 2023                                        | CUSIP: 650116GX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1623996.55   | 0.14%             | 2049-06-30      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74445QCA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |      7085 | PA      | $218.57       | 0.00%             | 2047-01-01      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Canyon Falls Municipal Utility District No. 1                                         | Canyon Falls Municipal Utility District No. 1, Series 2021                                    | CUSIP: 138851BQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $118468.03    | 0.01%             | 2038-02-15      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority                                                            | CUSIP: 65000BAS7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $438213.20    | 0.04%             | 2048-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| New York City Municipal Water Finance Authority                                       | New York City Municipal Water Finance Authority, Series FISCAL2024CC SUB CC1                  | CUSIP: 64972GH98<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1592064.45   | 0.13%             | 2054-06-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| New York Liberty Development Corp.                                                    | New York Liberty Development Corp.                                                            | CUSIP: 649519DD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501182.15   | 0.13%             | 2044-11-15      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Maricopa County Pollution Control Corp.                                               | Maricopa County Pollution Control Corp.                                                       | CUSIP: 566854EM3<br>LEI: 549300QPXP6T4Y6I1D83 | Long             | DBT              | MUN               | US        |    500000 | PA      | $418865.15    | 0.04%             | 2035-06-01      | Fixed         | 2.40%                 | No            | 2                  | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                              | Metropolitan Pier & Exposition Authority                                                      | CUSIP: 592250EW0<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    500000 | PA      | $459668.55    | 0.04%             | 2042-12-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Idaho Health Facilities Authority                                                     | Idaho Health Facilities Authority                                                             | CUSIP: 451295WA3<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    300000 | PA      | $300147.93    | 0.03%             | 2034-07-01      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| Colorado Health Facilities Authority                                                  | Colorado Health Facilities Authority                                                          | CUSIP: 19648FJZ8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $976195.70    | 0.08%             | 2039-08-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Sacramento City Financing Authority                                                   | Sacramento City Financing Authority, Series E                                                 | CUSIP: 785849VB3<br>LEI: 549300D8GE38KYE3NW14 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2585505.50   | 0.22%             | 2026-12-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Education Dedicated Capital Improvement Tax                          | Chicago Board of Education Dedicated Capital Improvement Tax                                  | CUSIP: 167510AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102760.76    | 0.01%             | 2034-04-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Verve Metropolitan District No. 1                                                     | Verve Metropolitan District No. 1                                                             | CUSIP: 92538YAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $926146.70    | 0.08%             | 2041-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Montgomery County Higher Education and Health Authority                               | Montgomery County Higher Education and Health Authority                                       | CUSIP: 613603YU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $670094.56    | 0.06%             | 2037-09-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Homewood Educational Building Authority                                               | Homewood Educational Building Authority, Series 2024 A                                        | CUSIP: 43788VAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017060.90   | 0.09%             | 2049-10-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority                                                                    | CUSIP: 45204EUS5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    700000 | PA      | $709385.74    | 0.06%             | 2026-08-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| California Pollution Control Financing Authority                                      | California Pollution Control Financing Authority                                              | CUSIP: 13054WAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000986.70   | 0.08%             | 2037-07-01      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| New York Liberty Development Corp.                                                    | New York Liberty Development Corp.                                                            | CUSIP: 649519EZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $745793.60    | 0.06%             | 2050-09-15      | Fixed         | 3.12%                 | No            | 2                  | On Loan: No      |
| Delaware Transportation Authority                                                     | Delaware Transportation Authority                                                             | CUSIP: 246430AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1499978.40   | 0.13%             | 2055-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| California School Finance Authority                                                   | California School Finance Authority                                                           | CUSIP: 13058TJC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1131639.63   | 0.09%             | 2040-06-01      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| New York Transportation Development Corp.                                             | New York Transportation Development Corp.                                                     | CUSIP: 650116DA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2303884.50   | 0.19%             | 2045-10-01      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| Wildwood Utility Dependent District                                                   | Wildwood Utility Dependent District                                                           | CUSIP: 968214BZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065489.90   | 0.09%             | 2053-10-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| San Diego County Regional Airport Authority                                           | San Diego County Regional Airport Authority, Series 2023B                                     | CUSIP: 79739GRK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1464560.53   | 0.12%             | 2048-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Education Dedicated Capital Improvement Tax                          | Chicago Board of Education Dedicated Capital Improvement Tax                                  | CUSIP: 167510AE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029683.50   | 0.09%             | 2036-04-01      | Fixed         | 6.10%                 | No            | 2                  | On Loan: No      |
| Will County Community High School District No. 210 Lincoln-Way                        | Will County Community High School District No. 210 Lincoln-Way                                | CUSIP: 969073MW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $462349.47    | 0.04%             | 2031-01-01      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Tennessee Energy Acquisition Corp.                                                    | Tennessee Energy Acquisition Corp., Series 2025A                                              | CUSIP: 880443JM9<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1623568.80   | 0.14%             | 2035-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| County of Broward FL Tourist Development Tax Revenue                                  | County of Broward                                                                             | CUSIP: 115085AW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $892577.30    | 0.07%             | 2047-09-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| California Community Choice Financing Authority                                       | California Community Choice Financing Authority                                               | CUSIP: 13013JBM7<br>LEI: 549300X8VKJ215S2R571 | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1015984.30   | 0.08%             | 2053-12-01      | Floating      | 4.75%                 | No            | 2                  | On Loan: No      |
| Los Angeles Unified School District                                                   | Los Angeles Unified School District, Series 2024 QRR                                          | CUSIP: 544647JM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $945801.10    | 0.08%             | 2049-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Las Vegas Convention & Visitors Authority                                             | Las Vegas Convention & Visitors Authority                                                     | CUSIP: 51771FAU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $679263.75    | 0.06%             | 2049-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority                                                                    | CUSIP: 45203KAN5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    225000 | PA      | $225380.63    | 0.02%             | 2037-02-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue               | New York City Transitional Finance Authority Future Tax Secured, Series FISCAL 2023D SUB D-1  | CUSIP: 64971X4D7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $779960.66    | 0.07%             | 2045-11-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| M-S-R Energy Authority                                                                | M-S-R Energy Authority                                                                        | CUSIP: 55374SAB6<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |    300000 | PA      | $364271.76    | 0.03%             | 2034-11-01      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| City of Aubrey TX                                                                     | City of Aubrey                                                                                | CUSIP: 050177KB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1013542.99   | 0.08%             | 2049-02-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Upper Illinois River Valley Development Authority                                     | Upper Illinois River Valley Development Authority                                             | CUSIP: 91588XAG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $564976.76    | 0.05%             | 2045-01-01      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Southern California Public Power Authority                                            | Southern California Public Power Authority, Series 2024 A                                     | CUSIP: 84247PND9<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2152439.20   | 0.18%             | 2055-04-01      | Variable      | 5.00%                 | No            | 2                  | On Loan: No      |
| City of Atlantic Beach FL                                                             | City of Atlantic Beach                                                                        | CUSIP: 048251BR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500229.60    | 0.04%             | 2043-11-15      | Fixed         | 5.62%                 | No            | 2                  | On Loan: No      |
| Invesco Value Municipal Income Trust                                                  | Invesco Value Municipal Income Trust                                                          | CUSIP: 46132P108<br>LEI: X075VJ33QQP2G2NTOV20 | Long             |  | RF                | US        |     12605 | NS      | $158192.75    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| California Municipal Finance Authority                                                | California Municipal Finance Authority                                                        | CUSIP: 13048TR88<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011445.40   | 0.08%             | 2037-02-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Development Authority of Burke County (The)                                           | Development Authority of Burke County (The)                                                   | CUSIP: 121342PL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $900588.90    | 0.08%             | 2045-11-01      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| Oregon State Facilities Authority                                                     | Oregon State Facilities Authority                                                             | CUSIP: 68608JYM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $710156.23    | 0.06%             | 2046-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74445QCC2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |      6984 | PA      | $189.43       | 0.00%             | 2049-01-01      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Colorado Health Facilities Authority                                                  | Colorado Health Facilities Authority                                                          | CUSIP: 19648FKT0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1709177.80   | 0.14%             | 2049-08-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority                                                                    | CUSIP: 45201QDA9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    570000 | PA      | $576369.98    | 0.05%             | 2036-11-01      | Fixed         | 3.90%                 | No            | 2                  | On Loan: No      |
| Lakewood Ranch Stewardship District                                                   | Lakewood Ranch Stewardship District, Series 2020                                              | CUSIP: 51265KEJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $807404.60    | 0.07%             | 2051-05-01      | Fixed         | 3.88%                 | Yes           | 2                  | On Loan: No      |
| Lakewood Ranch Stewardship District Utility Revenue                                   | Lakewood Ranch Stewardship District Utility                                                   | CUSIP: 51265LAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047572.00   | 0.09%             | 2048-10-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74445QCE8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |      7540 | PA      | $177.67       | 0.00%             | 2051-01-01      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| City of Akron OH                                                                      | City of Akron                                                                                 | CUSIP: 010047ED6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $439064.64    | 0.04%             | 2026-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                                  | Pennsylvania Higher Educational Facilities Authority, Series 2024B-2                          | CUSIP: 70917TSA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054472.70   | 0.09%             | 2054-11-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| FW Chaparral PFC                                                                      | FW Chaparral PFC, Series 2025                                                                 | CUSIP: 302701AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $490548.25    | 0.04%             | 2035-10-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                  | New Hope Cultural Education Facilities Finance Corp.                                          | CUSIP: 64542YAL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2213456.08   | 0.19%             | 2048-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| County of Clark NV                                                                    | County of Clark                                                                               | CUSIP: 180848XH1<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1551577.39   | 0.13%             | 2043-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                                  | Triborough Bridge & Tunnel Authority                                                          | CUSIP: 89602HEQ6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066718.30   | 0.09%             | 2052-05-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                           | Metropolitan Washington Airports Authority Aviation Revenue                                   | CUSIP: 592647EQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1833146.95   | 0.15%             | 2042-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Brookhaven Urban Redevelopment Agency                                                 | Brookhaven Urban Redevelopment Agency                                                         | CUSIP: 113077AW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1968950.00   | 0.16%             | 2044-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| BlackRock Municipal Income Trust                                                      | BlackRock Municipal Income Trust                                                              | CUSIP: 09248F109<br>LEI: R3ITLLW1CUEQICP4XR90 | Long             |  | RF                | US        |      1273 | NS      | $12793.65     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Intermountain Power Agency                                                            | Intermountain Power Agency, Series 2022A                                                      | CUSIP: 45884AA78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $1090896.71   | 0.09%             | 2034-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| DTF Tax-Free Income, Inc.                                                             | DTF Tax-Free Income, Inc.                                                                     | CUSIP: 23334J107<br>LEI: 549300UTPMUSB8BKGI82 | Long             |  | RF                | US        |     11444 | NS      | $130804.92    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp.                             | Harris County Cultural Education Facilities Finance Corp.                                     | CUSIP: 414009LW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3019048.20   | 0.25%             | 2036-10-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74442ECA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    535000 | PA      | $535092.39    | 0.04%             | 2037-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                             | City of Salt Lake City                                                                        | CUSIP: 795576LF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $978383.90    | 0.08%             | 2039-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Nuveen Quality Municipal Income Fund                                                  | Nuveen Quality Municipal Income Fund                                                          | CUSIP: 67066V101<br>LEI: 549300RDIO25ZNWCOA97 | Long             |  | RF                | US        |     13055 | NS      | $152612.95    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2016 C                                                     | CUSIP: 45204FN76<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     55000 | PA      | $56899.46     | 0.00%             | 2034-02-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Delaware Valley Regional Finance Authority                                            | Delaware Valley Regional Finance Authority                                                    | CUSIP: 246579GC4<br>LEI: 549300HGYP3NW885TT18 | Long             | DBT              | MUN               | US        |    315000 | PA      | $367688.29    | 0.03%             | 2032-07-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Port of Seattle WA                                                                    | Port of Seattle                                                                               | CUSIP: 735389J33<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1516650.75   | 0.13%             | 2044-04-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| New Caney Independent School District                                                 | New Caney Independent School District, Series 2024                                            | CUSIP: 643154KZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $982987.60    | 0.08%             | 2049-02-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Indian Creek Local School District                                                    | Indian Creek Local School District                                                            | CUSIP: 454146DT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2354197.28   | 0.20%             | 2055-11-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Three Rivers Regional Wastewater Authority                                            | Three Rivers Regional Wastewater Authority, Series 2024                                       | CUSIP: 885754AV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968034.70    | 0.08%             | 2044-09-01      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| Harris County Flood Control District                                                  | Harris County Flood Control District                                                          | CUSIP: 414019CN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $719091.30    | 0.06%             | 2043-09-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| County of Tuscarawas OH                                                               | County of Tuscarawas                                                                          | CUSIP: 90069GAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $480696.60    | 0.04%             | 2045-03-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Clark County School District                                                          | Clark County School District, Series 2020C                                                    | CUSIP: 181059U20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1155598.94   | 0.10%             | 2028-06-15      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority                                                                    | CUSIP: 45204EUU0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    500000 | PA      | $515944.45    | 0.04%             | 2028-08-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Colorado Health Facilities Authority                                                  | Colorado Health Facilities Authority                                                          | CUSIP: 19648A5G6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000360.40   | 0.17%             | 2045-05-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Industrial Development Authority of the County of Yavapai (The)                       | Industrial Development Authority of the County of Yavapai (The)                               | CUSIP: 98521VAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $323185.47    | 0.03%             | 2042-03-01      | Fixed         | 5.12%                 | Yes           | 2                  | On Loan: No      |
| New Jersey Economic Development Authority                                             | New Jersey Economic Development Authority                                                     | CUSIP: 64578JBB1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992583.50    | 0.08%             | 2030-07-01      | Fixed         | 3.38%                 | No            | 2                  | On Loan: No      |
| City of Baltimore MD                                                                  | City of Baltimore                                                                             | CUSIP: 05921PCF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1465332.30   | 0.12%             | 2042-09-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Garfield County Educational Facilities Authority                                      | Garfield County Educational Facilities Authority                                              | CUSIP: 365716AV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016225.80   | 0.08%             | 2031-09-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority, Series 2016 C                                                     | CUSIP: 45204FP58<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    260000 | PA      | $266201.99    | 0.02%             | 2034-02-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Education                                                            | Chicago Board of Education                                                                    | CUSIP: 167505WC6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $907390.30    | 0.08%             | 2046-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of Chicago IL                                                                    | City of Chicago, Series 2024A                                                                 | CUSIP: 167486S91<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1108998.13   | 0.09%             | 2044-01-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| County of Miami-Dade FL                                                               | County of Miami-Dade, Series 2016 A                                                           | CUSIP: 59333FSW1<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   4020000 | PA      | $4045703.08   | 0.34%             | 2038-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Mackay Municipal Credit Opportunities Fund LP                                         | Mackay Municipal Credit Opportunities Fund LP, Class A                                        | CUSIP: N/A<br>LEI: 54930003LWSSQY5WZG16       | Long             |  | PF                | US        |      4163 | NS      | $24397054.65  | 2.04%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Western Asset Managed Municipals Fund, Inc.                                           | Western Asset Managed Municipals Fund, Inc.                                                   | CUSIP: 95766M105<br>LEI: 549300HVO8EY2T8K4F73 | Long             |  | RF                | US        |     86507 | NS      | $894482.38    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| North Carolina Medical Care Commission                                                | North Carolina Medical Care Commission                                                        | CUSIP: 65820YSL1<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    715000 | PA      | $587869.35    | 0.05%             | 2046-09-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Pennsylvania Turnpike Commission                                                      | Pennsylvania Turnpike Commission                                                              | CUSIP: 709224ZY8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2069476.00   | 0.17%             | 2037-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Okemos Public Schools                                                                 | Okemos Public Schools, Series SERIES II 2024                                                  | CUSIP: 678467PH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034302.20   | 0.09%             | 2054-05-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| University of Oklahoma (The)                                                          | University of Oklahoma (The), Series 2024A                                                    | CUSIP: 91476PZU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $525275.92    | 0.04%             | 2054-07-01      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| Commonwealth of Puerto Rico                                                           | Commonwealth of Puerto Rico                                                                   | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     55548 | PA      | $54965.41     | 0.00%             | 2033-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| City of Missouri City TX                                                              | City of Missouri City, Series 2021                                                            | CUSIP: 6060207K5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $428701.91    | 0.04%             | 2040-06-15      | Fixed         | 2.12%                 | No            | 2                  | On Loan: No      |
| San Bernardino County Financing Authority                                             | San Bernardino County Financing Authority                                                     | CUSIP: 796826BF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1631928.48   | 0.14%             | 2037-06-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                            | Tarrant County Cultural Education Facilities Finance Corp., Series 2022 D                     | CUSIP: 87638QSE0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020230.70   | 0.09%             | 2051-11-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Health Care Authority for Baptist Health (The)                                        | Health Care Authority for Baptist Health (The)                                                | CUSIP: 42219UCG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $924447.83    | 0.08%             | 2037-11-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| California Health Facilities Financing Authority                                      | California Health Facilities Financing Authority                                              | CUSIP: 13032URP5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3020383.20   | 0.25%             | 2048-11-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Invesco Municipal Trust                                                               | Invesco Municipal Trust                                                                       | CUSIP: 46131J103<br>LEI: GKS5Y4B1VKHV66WSPK53 | Long             |  | RF                | US        |     29760 | NS      | $287184.00    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| South Jersey Transportation Authority                                                 | South Jersey Transportation Authority                                                         | CUSIP: 838536MM9<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |    350000 | PA      | $367970.19    | 0.03%             | 2041-11-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Village of Mount Pleasant WI                                                          | Village of Mount Pleasant                                                                     | CUSIP: 622823AU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3042793.20   | 0.25%             | 2048-04-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Greater Orlando Aviation Authority                                                    | Greater Orlando Aviation Authority                                                            | CUSIP: 392275BL6<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1747748.20   | 0.15%             | 2052-10-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| San Angelo Independent School District                                                | San Angelo Independent School District, Series 2025                                           | CUSIP: 796116UK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2650687.75   | 0.22%             | 2045-02-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                             | Maryland Health & Higher Educational Facilities Authority                                     | CUSIP: 574218PJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2701240.11   | 0.23%             | 2038-08-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Iowa Finance Authority                                                                | Iowa Finance Authority                                                                        | CUSIP: 46246SAU9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1151994.30   | 0.10%             | 2050-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Spring Valley Community Infrastructure District No. 1                                 | Spring Valley Community Infrastructure District No. 1, Series 2025                            | CUSIP: 850072AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020415.00   | 0.09%             | 2054-09-01      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| California School Finance Authority                                                   | California School Finance Authority                                                           | CUSIP: 13058TLZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $884327.94    | 0.07%             | 2041-08-01      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| New Orleans Aviation Board                                                            | New Orleans Aviation Board                                                                    | CUSIP: 64763KAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521272.70    | 0.04%             | 2035-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Public Finance Authority                                                              | Public Finance Authority                                                                      | CUSIP: 74442EBF6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991886.10    | 0.08%             | 2045-07-01      | Fixed         | 5.62%                 | Yes           | 2                  | On Loan: No      |
| Round Lake IL Lakewood Grove Special Service Area No. 3 & 4                           | Round Lake IL Lakewood Grove Special Service Area No. 3 & 4                                   | CUSIP: 77915CAR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011950.00   | 0.08%             | 2033-03-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Miami-Dade County Industrial Development Authority                                    | Miami-Dade County Industrial Development Authority                                            | CUSIP: 59333ECR2<br>LEI: 549300RM19LZY32DAU30 | Long             | DBT              | MUN               | US        |    330000 | PA      | $315149.24    | 0.03%             | 2044-09-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Southwestern Community College District                                               | Southwestern Community College District, Series 2021 D                                        | CUSIP: 845389PU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1054837.25   | 0.09%             | 2041-08-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Greater Orlando Aviation Authority                                                    | Greater Orlando Aviation Authority                                                            | CUSIP: 392274F84<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000006.00   | 0.08%             | 2036-11-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Howard County Housing Commission                                                      | Howard County Housing Commission                                                              | CUSIP: 442577BG6<br>LEI: 5493007CCS6UI1IIE878 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600348.32   | 0.13%             | 2044-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Massachusetts Educational Financing Authority                                         | Massachusetts Educational Financing Authority                                                 | CUSIP: 57563RPY9<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044762.50   | 0.09%             | 2028-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| State of California                                                                   | State of California                                                                           | CUSIP: 13063C6Y1<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250404.63    | 0.02%             | 2038-08-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                                | Maine Health & Higher Educational Facilities Authority                                        | CUSIP: 56042RG97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507968.70    | 0.04%             | 2036-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                              | County of Miami-Dade                                                                          | CUSIP: 59333P4D7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501281.60    | 0.04%             | 2049-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Wisconsin Center District                                                             | Wisconsin Center District                                                                     | CUSIP: 976595GN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $192728.85    | 0.02%             | 2045-12-15      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                                  | County of Jefferson                                                                           | CUSIP: 472682ZR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1068505.95   | 0.09%             | 2049-10-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| California Community Choice Financing Authority                                       | California Community Choice Financing Authority                                               | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067381.60   | 0.09%             | 2054-01-01      | Variable      | 5.25%                 | No            | 2                  | On Loan: No      |
| New York Power Authority                                                              | New York Power Authority, Series 2024A                                                        | CUSIP: 64989KMG8<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |    615000 | PA      | $565805.72    | 0.05%             | 2049-11-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Illinois Finance Authority                                                            | Illinois Finance Authority                                                                    | CUSIP: 45204FNF8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1334562.15   | 0.11%             | 2036-08-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Industrial Development Board of the City of Mobile Alabama                            | Industrial Development Board of the City of Mobile Alabama, Series SERIES 2008                | CUSIP: 607167DX8<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1500000 | PA      | $1502260.80   | 0.13%             | 2034-07-15      | Variable      | 3.30%                 | No            | 2                  | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                                 | New Jersey Health Care Facilities Financing Authority                                         | CUSIP: 64579F7P2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1175234.30   | 0.10%             | 2046-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| New York Liberty Development Corp.                                                    | New York Liberty Development Corp.                                                            | CUSIP: 649519DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000007.20   | 0.17%             | 2044-11-15      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Alachua County Health Facilities Authority                                            | Alachua County Health Facilities Authority                                                    | CUSIP: 010685KF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1335208.26   | 0.11%             | 2044-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Cathedral Pines Metropolitan District                                                 | Cathedral Pines Metropolitan District                                                         | CUSIP: 14918CAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $588159.73    | 0.05%             | 2031-12-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Virginia Small Business Financing Authority                                           | Virginia Small Business Financing Authority                                                   | CUSIP: 928097AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1708611.10   | 0.14%             | 2052-12-31      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| George L Smith II Congress Center Authority                                           | George L Smith II Congress Center Authority, Series 2021B                                     | CUSIP: 37255MAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $458601.35    | 0.04%             | 2054-01-01      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| City of Fishers IN Sewage Works Revenue                                               | City of Fishers                                                                               | CUSIP: 33803HGD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1376001.43   | 0.12%             | 2047-07-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                     | Southeast Energy Authority A Cooperative District, Series 2025C                               | CUSIP: 84136HCF8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    885000 | PA      | $956171.79    | 0.08%             | 2055-05-01      | Variable      | 5.00%                 | No            | 2                  | On Loan: No      |
| Commonwealth of Puerto Rico                                                           | Commonwealth of Puerto Rico                                                                   | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   1558579 | PA      | $1728179.67   | 0.14%             | 2031-07-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| New York State Dormitory Authority                                                    | New York State Dormitory Authority, Series 2024A                                              | CUSIP: 64990F6W9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $913066.40    | 0.08%             | 2054-03-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| California Health Facilities Financing Authority                                      | California Health Facilities Financing Authority                                              | CUSIP: 13032UNC8<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    155000 | PA      | $156533.80    | 0.01%             | 2036-08-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Paducah Electric Plant Board                                                          | Paducah Electric Plant Board                                                                  | CUSIP: 695317DZ7<br>LEI: 549300XTPDPORT8VIQ62 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013960.10   | 0.08%             | 2035-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Washington State Convention Center Public Facilities District                         | Washington State Convention Center Public Facilities District, Series 2018                    | CUSIP: 93976ABJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991436.60    | 0.08%             | 2058-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Aspiriant Trust

**Signature:** Ben Schmidt

**Name of Signer:** Ben Schmidt

**Title:** Director